Overview
What is Kentucky Association For Academic Competition?
The Kentucky Association for Academic Competition is a nonprofit organization that prioritizes educational advancement. They achieve this by organizing and hosting statewide academic and problem-solving competitions for primary and secondary school students. By participating in these events, students have the opportunity to enhance their creative abilities and skills. The association's mission is deeply rooted in fostering a conducive learning environment that encourages intellectual growth and development.
Official website here: www.kaac.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
The Kentucky Association For Academic Competition has received a One-Star rating from Charity Navigator, reflecting serious concerns regarding its financial management and accountability. The overall score indicates weaknesses primarily in the organization’s financial stability and efficiency, as it is calculated entirely from the Accountability & Finance beacon.
While the organization has strengths in governance, such as having 100% independent board members and comprehensive policies concerning audits and conflicts of interest, it struggles with critical financial metrics. Specifically, the program expense ratio is notably low at 42.63%, suggesting that a significant portion of its budget may not be directed towards its programs and services.
Additionally, the organization has a concerning liabilities to assets ratio of 7.20%, indicating potential financial vulnerability. The absence of its tax form on the nonprofit’s website, despite being listed on the tax form itself, further detracts from its accountability. These financial issues may hinder the organization's ability to effectively fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Association For Academic Competition legitimate?
Kentucky Association For Academic Competition is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Association For Academic Competition 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: $67,990
Professional Fundraising Fees: $0
Other Salaries and Wages: $146,897
For more financial information, click here
Official website here: www.kaac.com
What is the mission statement of Kentucky Association For Academic Competition?
The Kentucky Association for Academic Competition, through its mission, focuses on promoting educational advancement. It achieves this goal by organizing and hosting statewide academic and problem-solving competitions. These competitions serve to nurture and develop the creative skills of primary and secondary school students. By participating in these events, students are encouraged to expand their knowledge and abilities, ultimately contributing to their overall development.
Official website here: www.kaac.com
What is the revenue of Kentucky Association For Academic Competition?
Kentucky Association For Academic Competition's revenue in 2024 was $766,555.
Official website here: www.kaac.com
Who are the executives of Kentucky Association For Academic Competition and what are their salaries?
The average compensation at Kentucky Association For Academic Competition during 2024 was $42,977. There are 5 employees at Kentucky Association For Academic Competition.
Here are 32 key members and their salaries:
- Compensation: $67,990
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- Other: $10,950
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Official website here: www.kaac.com
Where can I find the form 990 for Kentucky Association For Academic Competition?
Kentucky Association For Academic Competition's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.kaac.com
Learn more at the official website: www.kaac.com
Mission Statement of Kentucky Association For Academic Competition
The Kentucky Association for Academic Competition, a nonprofit organization, is dedicated to the promotion of educational advancement. They accomplish this mission by orchestrating statewide academic and problem-solving competitions. These events serve as a platform for primary and secondary school students, allowing them to hone their creative skills. By participating in these competitions, students are given the opportunity to challenge themselves and grow both intellectually and personally. The Kentucky Association for Academic Competition plays a significant role in nurturing the next generation of critical thinkers and problem solvers.
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Impact
July, 2024
The Kentucky Association for Academic Competition fosters educational advancement by conducting statewide academic and problem-solving competitions that help primary and secondary school students develop their creative skills.
This information is meant to be a general summary of Kentucky Association For Academic Competition. 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 2024.
- Investment Income: $17,491
- Program Service Revenue: $732,064
- Gross Receipts: $766,555
Assets and Liabilities:
- Total Assets: $1,063,811
- Total Liabilities: $76,596
- Net Assets: $987,215
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COACHES CONFERENCES
Revenue
$52,611
COMPETITIONS
Revenue
$188,641
Membership Dues & Assessments
Revenue
$370,994
OTHER MISC PROGRAMS
Revenue
$17,381
QUESTION SALES
Revenue
$69,395
Organization Details
Founding Year
1991
Principal Officer
Alissa Clark
Website
www.kaac.comNTEE Category
Code: B9XZ - Education
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