Overview
What is Kentucky Educational Developme Corporation?
Kentucky Educational Development Corporation (KEDC) is a nonprofit organization headquartered at 904 West Rose Road in Ashland, Kentucky (41102). The primary mission of KEDC is to offer essential services and technology support to member school districts in Kentucky. With a team of 99 dedicated individuals, KEDC provides grant and contract writing assistance, technology support, payroll services, and professional development opportunities to enhance the capabilities of its members. The corporation aims to empower schools in the state by streamlining administrative tasks and grant applications, ultimately contributing to the betterment of education in Kentucky.
Official website here: www.kedc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
Kentucky Educational Development Corporation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization excels in governance, with a fully independent board and strong financial practices, reflected in their high scores for financial statements and asset management. This high accountability score suggests that donors can trust the organization to manage their contributions responsibly.
However, the overall score is impacted by a low program expense ratio of 55.71%, which may raise concerns about the proportion of funds being directed towards programs versus administrative costs. While they have robust policies in place, the relatively lower allocation to program expenses could indicate a need for improvement in programmatic investment.
Overall, Kentucky Educational Development Corporation demonstrates strong governance and financial transparency, but potential donors may want to consider the program expense ratio when evaluating the effectiveness of the charity's initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Educational Developme Corporation legitimate?
Kentucky Educational Developme Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Educational Developme Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
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Other Salaries and Wages: $5,913,795
For more financial information, click here
Official website here: www.kedc.org
What is the mission statement of Kentucky Educational Developme Corporation?
The Kentucky Educational Development Corporation serves a crucial role in supporting member school districts by providing grant and contract writing, technology assistance, payroll services, and professional development opportunities. Their mission is geared towards enhancing the capabilities of these educational institutions through the delivery of essential services and technological support. By offering these resources, KEDC aims to help member school districts secure funding, manage their workforce, and improve the overall quality of education. Additionally, the organization has previously administered adult basic education programs in various Kentucky counties.
Official website here: www.kedc.org
Who is the CEO of Kentucky Educational Developme Corporation?
Nancy Hutchinson is the Board Member of Kentucky Educational Developme Corporation.
Official website here: www.kedc.org
What is the revenue of Kentucky Educational Developme Corporation?
Kentucky Educational Developme Corporation's revenue in 2022 was $13,562,603.
Official website here: www.kedc.org
Who are the executives of Kentucky Educational Developme Corporation and what are their salaries?
The average compensation at Kentucky Educational Developme Corporation during 2022 was $59,735. There are 99 employees at Kentucky Educational Developme Corporation.
Here are 43 key members and their salaries:
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Official website here: www.kedc.org
Where can I find the form 990 for Kentucky Educational Developme Corporation?
Kentucky Educational Developme Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kedc.org
Learn more at the official website: www.kedc.org
Mission Statement of Kentucky Educational Developme Corporation
Kentucky Educational Development Corporation, or KEDC, is a nonprofit organization dedicated to offering services and technology support to member school districts in Kentucky. Its mission is geared towards providing essential services, including grant and contract writing, payroll, and professional development. In simpler terms, KEDC plays a vital role in assisting schools in securing grants, managing their financial operations, and enhancing the skills of their workforce.
KEDC's commitment to schools goes beyond the administrative realm, extending to the realm of adult basic education. The organization has previously administered such programs in various Kentucky counties. By providing these services, KEDC enables schools to focus on their core educational mission and improve the overall quality of education for their students.
Moreover, KEDC's expertise in grant writing has been instrumental in securing crucial funding for schools. By helping schools draft compelling grant applications, KEDC ensures that they can access the resources they need to implement innovative programs and address the unique challenges they face. Additionally, the organization's professional development offerings allow educators to stay updated on the latest trends and best practices in their field, ensuring that they are well-equipped to provide high-quality instruction to their students.
In summary, Kentucky Educational Development Corporation is a valuable partner to school districts in Kentucky. By providing grant and contract writing, payroll, and professional development services, KEDC empowers schools to focus on their educational mission and effectively manage their operations. Its commitment to adult basic education further demonstrates its dedication to improving educational opportunities for all students in the state.
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Impact
October, 2024
Kentucky Educational Development Corporation significantly enhances the educational landscape in Kentucky by offering vital support to member school districts. Through its expertise in grant and contract writing, KEDC empowers schools to secure necessary funding, thereby facilitating a range of essential programs and services.
Additionally, KEDC provides technology support, ensuring that districts are equipped with the tools needed to foster effective learning environments. The organization also plays a crucial role in professional development, helping educators enhance their skills and stay current with best practices.
Furthermore, KEDC's administration of adult basic education programs across Kentucky ensures that the community has access to essential learning opportunities, promoting lifelong education and skill acquisition. Overall, KEDC's multifaceted services contribute to improved educational outcomes and support the continuous growth of school districts in the region.
This information is meant to be a general summary of Kentucky Educational Developme Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,265
- Program Service Revenue: $6,937,864
- Gross Receipts: $13,562,603
Assets and Liabilities:
- Total Assets: $6,829,456
- Total Liabilities: $1,472,877
- Net Assets: $5,356,579
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERV TO SCHOOL DIST
Revenue
$6,937,864
Organization Details
Founding Year
1965
Principal Officer
Nancy Hutchinson
Main Address
904 WEST ROSE ROAD, Ashland, KY, 41102
Website
www.kedc.orgNTEE Category
Code: B12 - Education
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