LETCHER CO SCHOOLS ED FOUNDATION

Address
224 PARKS STREET
WHITESBURG, KY 41858
Contact
Nonprofit
NTEE: B12 - Fund Raising and/or Fund Distribution
EIN: 32-0003425

Mission

IMPROVE THE EDUCATION OF STUDENTS IN LETCHER COUNTY KY
 20172016201520142013
Basic features of the organization
Year of formation2004
Subsection code03
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00$0.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers  141515
Personnel
Cornett, Elwood
TitlePRESIDENTPRESIDENTPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personELWOOD CORNETTELWOOD CORNETTELWOOD CORNETTELWOOD CORNETTELWOOD CORNETT
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org10.0010.0010.0010.0010.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Sergent, Tony
TitleEXECUTIVE DIRECTOREXECUTIVE DIRECTOREXECUTIVE DIRECTORCHAIRMANCHAIRMAN
Name of key/compensated personTONY SERGENTTONY SERGENTTONY SERGENTTONY SERGENTTONY SERGENT
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Tidal, Lena
TitleSECRETARY TREASUERSECRETARY TREASUERSECRETARY TREASUERSECRETARY TREASUERSECRETARY TREASUER
Name of key/compensated personLENA TIDALLENA TIDALLENA TIDALLENA TIDALLENA TIDAL
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Yonts, Denise
TitleFOUNDATION MANAGERFOUNDATION MANAGERFOUNDATION MANAGERFOUNDATION MANAGERFOUNDATION MANAGER
Name of key/compensated personDENISE YONTSDENISE YONTSDENISE YONTSDENISE YONTSDENISE YONTS
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesIMPROVE THE EDUCATION OF STUDENTS IN LETCHER COUNTY KYIMPROVE THE EDUCATION OF STUDENTS IN LETCHER COUNTY KYIMPROVE THE EDUCATION OF STUDENTS IN LETCHER COUNTY KYIMPROVE THE EDUCATION OF STUDENTS IN LETCHER COUNTY KYIMPROVE THE EDUCATION OF STUDENTS IN LETCHER COUNTY KY
Program service expenses, total   $880.00$137,542.00
Programs, including revenue & expenses
CHANNELED MONEY TOWARD ENCOURAGING THE ARTS IN LETCHER COUNTY KY AS WELL AS ATHLETICS AND GENERAL SCHOLARSHIPS FOR GRADUATING LETCHER COUNTY STUDENTS
Program expenses   $880.00$137,542.00
Program descriptionCHANNELED MONEY TOWARD ENCOURAGING THE ARTS IN LETCHER COUNTY KY AS WELL AS ATHLETICS AND GENERAL SCHOLARSHIPS FOR GRADUATING LETCHER COUNTY STUDENTSCHANNELED MONEY TOWARD ENCOURAGING THE ARTS IN LETCHER COUNTY KY AS WELL AS ATHLETICS AND GENERAL SCHOLARSHIPS FOR GRADUATING LETCHER COUNTY STUDENTSCHANNELED MONEY TOWARD ENCOURAGING THE ARTS IN LETCHER COUNTY KY AS WELL AS ATHLETICS AND GENERAL SCHOLARSHIPS FOR GRADUATING LETCHER COUNTY STUDENTSCHANNELED MONEY TOWARD ENCOURAGING THE ARTS IN LETCHER COUNTY KY AS WELL AS ATHLETICS AND GENERAL SCHOLARSHIPS FOR GRADUATING LETCHER COUNTY STUDENTSCHANNELED MONEY TOWARD ENCOURAGING THE ARTS IN LETCHER COUNTY KY AS WELL AS ATHLETICS AND GENERAL SCHOLARSHIPS FOR GRADUATING LETCHER COUNTY STUDENTS
Financial data
Revenue
Total revenue$7,507.00$6,486.00$65,275.00$15,068.00$56,037.00
Revenue from contributions (total)$7,428.00$6,371.00$11,053.00$8,388.00$0.00
Investment income, current yr$79.00$115.00$172.00$180.00$250.00
Total revenue from grants, etc., current yr$7,428.00$6,371.00$11,053.00$8,388.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$9,628.00
Other revenue, current yr$0.00$0.00$0.00$0.00$9,628.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)  $54,050.00$6,500.00$46,159.00
Gross receipts$7,507.00$6,486.00$65,275.00$15,068.00$56,037.00
Sources of contributions
Revenue from fundraising events$6,428.00$5,371.00$11,053.00$8,388.00 
Revenue from gov't grants$1,000.00$1,000.00   
Other types of revenue
Income from dividends, interest, and similar investments$79.00$115.00$172.00$180.00$250.00
Net rental income  $0.00$0.00$0.00
Net income from fundraising events    $9,628.00
Expense categories (totals)
Total functional expenses: sum of all$14,661.00$96,435.00$56,323.00$36,927.00$140,200.00
Total functional expenses: program service $0.00$0.00$0.00$880.00$137,542.00
Total functional expenses: management and general$1,118.00$1,452.00$51,573.00$34,482.00$1,186.00
Total functional expenses: fundraising$13,543.00$94,983.00$4,750.00$1,565.00$1,472.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$63,793.00$70,947.00$160,896.00$151,944.00$173,803.00
Total assets, beginning of year$70,947.00$160,896.00$151,944.00$173,803.00$257,966.00
Total liabilities$0.00$0.00$0.00$0.00$0.00
Unrestricted net assets, end of yr$63,793.00$70,947.00$155,391.00$144,839.00$165,829.00
Temporarily restricted net assets  $5,505.00$7,105.00$7,974.00
Net assets$63,793.00$70,947.00$160,896.00$151,944.00$173,803.00
Net assets, beginning of year$70,947.00$160,896.00$151,944.00$173,803.00$257,966.00
Cash: non-interest bearing$63,793.00$70,947.00$160,896.00$151,944.00$173,803.00
Cash: non-interest bearing, beginning of year$70,947.00$160,896.00$151,944.00$173,803.00$257,966.00
Other financial variables
Revenue less expenses-$7,154.00-$89,949.00$8,952.00-$21,859.00-$84,163.00
Total net assets or fund balances$63,793.00$70,947.00$160,896.00$151,944.00$173,803.00
Governance and accountability
Number of voting members1313141313
Number of independent voting members1313141313
Cash accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-07-302017-08-292016-09-082015-07-022014-10-09
IRS schema version2017v2.22016v3.02015v2.12014v5.02013v3.1
Filing identifier201801169349300625201701179349300435201601309349301620201531249349300208201421339349300047
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