Nonprofit · EIN 61-1285473
COMMONWEALTH FUND FOR KET INC
Tax-exempt · LEXINGTON, KY 40502
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $11,023,691 | $8,199,631 | $2,824,060 | $50,211,658 | $690,859 | $49,520,799 |
| June 30, 2024 | 990 | $15,032,998 | $12,827,170 | $2,205,828 | $45,150,622 | $724,074 | $44,426,548 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $7,948,008
- Program service revenue
- $0
- Investment income
- $3,002,903
- Net rental income
- $3,459
- Net gain from sales of assets
- $2,128,580
- Net income from fundraising events
- -$54,606
- Other revenue
- $72,780
Expenses
- Grants and similar amounts paid
- $5,410,600
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $7,239
- Accounting fees
- $30,000
- Occupancy
- $23,256
- Travel
- $11,066
- Depreciation
- $44,154
- Program services (functional)
- $5,410,600
- Management and general (functional)
- $1,904,629
- Fundraising (functional)
- $884,402
Balance sheet and other
- Total assets, start of year
- $45,150,622
- Total assets, end of year
- $50,211,658
- Total liabilities, end of year
- $690,859
- Net assets, end of year
- $49,520,799
- Land, buildings and equipment
- $108,740
- Publicly traded securities
- $41,019,685
- Gross unrelated business income
- $3,459
- Gross receipts
- $24,074,609
- Employees
- 0
- Volunteers
- 403
- Year formed
- 1994
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHAE HOPKINS | EXEC DIRECTOR/CEO Trustee or director | 1 | $0 | $338,509 | $133,577 |
| MICHELE RIPLEY | PRESIDENT Officer | 37.5 | $0 | $146,497 | $35,331 |
| DAN GRIFFITH | DIRECTOR (AUTHORITY) Trustee or director | 1 | $0 | $650 | $0 |
| NICK NICHOLSON | BOARD CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN S DOMASCHKO | VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| BILL JONES | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| KIMBERLY D PATTON | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| ALICE K HOUSTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| D R BALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HILMA PRATHER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MELANIE SIMPSON-CONLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL A OWSLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIRA S BALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT M BECK JR | DIRECTOR (AUTHORITY) Trustee or director | 1 | $0 | $0 | $0 |
| VICKIE YATES BROWN GLISSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM T YOUNG JR | DIRECTOR Trustee or director | 1 | $0 |
| DONOVAN BLACKBURN | DIRECTOR Trustee or director | 1 | $0 |
| SEAN MASTAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHAE HOPKINS | DIRECTOR (AUTHORITY) Trustee or director | 1 | $0 | $278,675 | $140,302 |
| MICHELE RIPLEY | PRESIDENT Officer | 37.5 | $0 | $143,620 | $24,139 |
| DAN GRIFFITH | DIRECTOR (AUTHORITY) Trustee or director | 1 | $0 | $600 | $0 |
| NICK NICHOLSON | CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
| JOHN S DOMASCHKO | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| KIMBERLY D PATTON | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| D R BALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MIRA S BALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT M BECK JR | DIRECTOR (AUTHORITY) Trustee or director | 1 | $0 | $0 | $0 |
| DONNA MOORE CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VICKIE YATES BROWN GLISSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALICE K HOUSTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BILL JONES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL A OWSLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HILMA PRATHER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MELANIE SIMPSON-CONLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM T YOUNG JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DONOVAN BLACKBURN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SEAN MESTAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 600 COOPER DR, LEXINGTON, KY 40502-1669
- In care of
- % JOHN R HALL
- Principal officer (990 for 2024)
- MICHELE RIPLEY, 600 COOPER DRIVE, LEXINGTON, KY 40502
- Signed the 990
- MICHELE RIPLEY, PRESIDENT
- Phone
- (859) 258-7000
- Website
- WWW.KET.ORG
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
THE ORGANIZATION'S MISSION IS TO SUPPORT AND FURTHER THE EDUCATIONAL, CHARITABLE AND PUBLIC PURPOSES AND ACTIVITIES OF THE KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION (AUTHORITY) AND THE RELATED KENTUCKY EDUCATIONAL TELEVISION FOUNDATION, INC. (FOUNDATION). THE FUND'S PRIMARY PURPOSE IS TO RECEIVE, HOLD AND ADMINISTER FUNDS PROVIDED BY ITS FUNDRAISING ACTIVITIES, WHICH ARE CONCENTRATED PRIMARILY IN THE STATE OF KENTUCKY, FOR THE BENEFIT OF THE AUTHORITY AND THE FOUNDATION.
Program accomplishments
- THE ORGANIZATION'S PURPOSE IS TO SUPPORT THE MISSION OF THE AUTHORITY FOR KENTUCKY EDUCATIONAL TELEVISION, THE GOVERNING BODY OF KENTUCKY EDUCATIONAL TELEVISION (KET). AS ONE OF THE NATION'S LARGEST PUBLIC TELEVISION NETWORKS, KET IS USED BY MORE THAN 2 MILLION PEOPLE EACH WEEK AND ITS EDUCATIONAL RESOURCES ARE UTILIZED IN EVERY KENTUCKY SCHOOL DISTRICT AS WELL AS CLASSROOMS ACROSS THE NATION. ACCESSIBLE THROUGH BROADCAST, MOBILE AND CONNECTED DEVICES, KET'S CONTENT INCLUDES ORIGINALLY PRODUCED KENTUCKY HISTORY, CULTURE AND PUBLIC AFFAIRS PROGRAMS IN ADDITION TO THE NATIONAL PBS LINEUP. SERVING THE EDUCATIONAL NEEDS OF THE STATE, KET DELIVERS THE MOST-TRUSTED CHILDREN'S EDUCATIONAL PROGRAMMING PLUS CRADLE-TO-CAREER INSTRUCTIONAL SERVICES INCLUDING EARLY CHILDHOOD TEACHING TOOLS AND CERTIFICATION, K-12 DIGITAL LEARNING RESOURCES AND PROFESSIONAL TRAINING FOR EDUCATORS, AND GED AND WORKFORCE DEVELOPMENT PREP. THE WEBSITE WWW.KET.ORG/MAKING-A-DIFFERENCE-ARCHIVES TELLS THE STORY OF THE TEACHERS, STUDENTS, FAMILIES AND COMMUNITIES IMPACTED BY KET'S PROGRAMS AND SERVICES.THE PRIOR-YEAR SPIKE IN REVENUE WAS DUE TO TWO EXTRAORDINARY BEQUESTS AND A ONE-TIME FUNDRAISING CAMPAIGN TO CONSTRUCT AND EQUIP A NEW LOUISVILLE PRODUCTION CENTER, WHICH OPENED IN JANUARY 2025. UNRESTRICTED ANNUAL GIVING CONTINUED TO INCREASE YEAR-OVER-YEAR. QUARTER 4 SAW SIGNIFICANT GROWTH IN FUNDRAISING AS MANY DONORS RESPONDED TO THE THREAT OF FEDERAL FUNDING CUTS. AN ADDITIONAL $1.349 MILLION IN FEDERAL FUNDING THAT MATCHED PRIVATE FUNDS WAS RAISED.Expenses $5,410,600 · grants $5,410,600
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1285473
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A112)
- Assets (IRS master file)
- $50,211,658
- Income (IRS master file)
- $24,074,609
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $11,023,691 | $8,199,631 | $50,211,658 | XML |
| 990 | June 2024 | $15,032,998 | $12,827,170 | $45,150,622 | XML |
| 990 | June 2023 | $7,109,511 | $7,426,175 | $38,561,241 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-1285473).
Questions about COMMONWEALTH FUND FOR KET INC
- What is the EIN of COMMONWEALTH FUND FOR KET INC?
- The employer identification number (EIN) of COMMONWEALTH FUND FOR KET INC is 61-1285473.
- Is COMMONWEALTH FUND FOR KET INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to COMMONWEALTH FUND FOR KET INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMONWEALTH FUND FOR KET INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMONWEALTH FUND FOR KET INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMONWEALTH FUND FOR KET INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COMMONWEALTH FUND FOR KET INC?
- The 990 for the year ended June 30, 2025 names MICHELE RIPLEY.
- Who are the officers and directors of COMMONWEALTH FUND FOR KET INC?
- The 990 for the year ended June 30, 2025 lists 18 people; 0 received compensation from the organization.
- How much revenue does COMMONWEALTH FUND FOR KET INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $11,023,691, expenses of $8,199,631 and total assets of $50,211,658 at year end.
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All nonprofits in LEXINGTON · Kentucky · Arts, culture and humanities