Overview
What is Commonwealth Fund For Ket Inc?
Commonwealth Fund for KET Inc. is a nonprofit organization situated in Lexington, Kentucky, with a primary mission to support the educational, charitable, and public purposes of the Kentucky Authority for Educational Television (KET). As one of the largest public television networks in the nation, KET reaches over 2 million people weekly, offering a mix of locally produced programs focusing on Kentucky history, culture, and public affairs, along with the PBS lineup. The Commonwealth Fund collects, manages, and administers funds raised through various activities, primarily benefiting KET and the related Kentucky Educational Television Foundation, Inc. (Foundation). The organization delivers trusted children's educational programming, cradle-to-career instructional services, and resources for educators, impacting numerous teachers, students, families, and communities in Kentucky and beyond.
Official website here: www.ket.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The Commonwealth Fund For Ket Inc. has earned a high rating of 96% from Charity Navigator, indicating strong accountability and financial management practices. This score is based entirely on the Accountability & Finance beacon, with the organization demonstrating excellent oversight, including a fully independent board and comprehensive audit protocols. The high scores in areas such as Conflict of Interest Policy and Transparency further highlight its commitment to ethical governance.
While the Commonwealth Fund excels in various financial metrics, including a low liabilities to assets ratio and effective fundraising efficiency, there are some limitations in its program expense ratio of 64%. This suggests a potential area for improvement in direct program spending relative to total expenses. Additionally, the organization is currently not evaluated by Charity Navigator's Impact & Measurement, Culture & Community, or Leadership & Adaptability methodologies, which may leave some aspects of its effectiveness unassessed.
User reviews from GreatNonprofits could not be fetched, leaving an absence of qualitative feedback from the general public. Overall, the Commonwealth Fund For Ket Inc. demonstrates a strong financial standing and operational transparency, though prospective donors may want to seek further insights into its programmatic impact and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Commonwealth Fund For Ket Inc legitimate?
Commonwealth Fund For Ket Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonwealth Fund For Ket Inc 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ket.org
What is the mission statement of Commonwealth Fund For Ket Inc?
The Commonwealth Fund for KET Inc's mission is to support and advance the educational, charitable, and public purposes of the Kentucky Authority for Educational Television (Authority) and the related Kentucky Educational Television Foundation, Inc. (Foundation). The primary objective of the fund is to receive, hold, and administer funds obtained through its fundraising activities, primarily within Kentucky, for the benefit of both the Authority and the Foundation. The fund's activities are geared towards enhancing the educational, charitable, and public goals of these organizations.
Official website here: www.ket.org
Who is the CEO of Commonwealth Fund For Ket Inc?
Michele Ripley is the President of Commonwealth Fund For Ket Inc.
Official website here: www.ket.org
What is the revenue of Commonwealth Fund For Ket Inc?
Commonwealth Fund For Ket Inc's revenue in 2023 was $7,109,511.
Official website here: www.ket.org
Who are the executives of Commonwealth Fund For Ket Inc and what are their salaries?
There 511 volunteers at Commonwealth Fund For Ket Inc.
Here are 19 key members and their salaries:
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Official website here: www.ket.org
Where can I find the form 990 for Commonwealth Fund For Ket Inc?
Commonwealth Fund For Ket Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ket.org
Learn more at the official website: www.ket.org
Mission Statement of Commonwealth Fund For Ket Inc
Commonwealth Fund for KET, Inc., is a nonprofit organization with a mission to support and advance the educational, charitable, and public purposes of the Kentucky Authority for Educational Television (Authority) and the Kentucky Educational Television Foundation, Inc. (Foundation). The primary objective of Commonwealth Fund for KET, Inc. is to receive, hold, and administer funds raised through its activities, primarily within Kentucky, for the benefit of both the Authority and the Foundation. The organization's role is instrumental in furthering the causes and objectives of these two entities, contributing to the betterment of education and related public endeavors in the state of Kentucky.
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Impact
July, 2024
Commonwealth Fund For Ket Inc's impact is significant in supporting the mission of the Kentucky Authority for Educational Television (KET). This organization plays a crucial role in providing high-quality educational resources to over 2 million people weekly, benefiting every school district in Kentucky and classrooms nationwide. By delivering a wide range of educational programming through broadcast, mobile, and connected devices, KET serves the educational needs of the state by offering trusted children's educational content, cradle-to-career instructional services, and professional training for educators. Through their efforts, Commonwealth Fund For Ket Inc contributes to the enhancement of education and public service in Kentucky.
This information is meant to be a general summary of Commonwealth Fund For Ket Inc. 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 2023.
- Investment Income: $373,436
- Gross Receipts: $20,261,688
Assets and Liabilities:
- Total Assets: $38,561,241
- Total Liabilities: $579,638
- Net Assets: $37,981,603
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Organization Details
Founding Year
1994
Phone
(859) 258-7000Principal Officer
Michele Ripley
Main Address
560 COOPER DRIVE, LEXINGTON, KY, 40502
Website
www.ket.orgNTEE Category
Code: A112 - Arts
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