PRICHARD COMMITTEE FOR ACADEMIC EXCELLENCE INC

EIN: 611026214 501(c)(3) Education

LEXINGTON, KY

Total Revenue
$3,836,333
Total Expenses
$3,346,510
Total Assets
$5,893,118
Net Assets
$5,283,416
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
KY
Principal Officer
BRIGITTE BLOM
Phone
8592339849
Tax Period
2023-01-01 to 2023-12-31

PRICHARD COMMITTEE FOR ACADEMIC EXCELLENCE INC, founded in 1983, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 112% from the prior year, signaling strong growth momentum. Expenses of $3.3M left a modest 13% surplus.

Mission

TO BUILD A PATH TO LARGER LIFE FOR ALL KENTUCKIANS THROUGH EXCELLENT EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $1,118,121

CENTER FOR BEST PRACTICES AND INNOVATION. THE CENTER FOR BEST PRACTICES AND INNOVATION IS A HUB FOR RESEARCH, KNOWLEDGE AND LOCAL LEARNING THAT ADVANCES PRACTICE AND POLICIES TO IMPROVE EDUCATION...

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CENTER FOR BEST PRACTICES AND INNOVATION. THE CENTER FOR BEST PRACTICES AND INNOVATION IS A HUB FOR RESEARCH, KNOWLEDGE AND LOCAL LEARNING THAT ADVANCES PRACTICE AND POLICIES TO IMPROVE EDUCATION OUTCOMES AND ECONOMIC WELL-BEING OF KENTUCKIANS. THIS PROGRAM ENCOMPASSES THE FOLLOWING INITIATIVES: STRONG START KENTUCKY EARLY CHILDHOOD-MAKING HIGH-QUALITY EARLY CHILDHOOD AVAILABLE TO EVERY KENTUCKY CHILD. SUPPORTING EQUITY & EXCELLENCE IN KY SCHOOLS- THE PRICHARD COMMITTEE IS STRENGTHENING ITS FOCUS ON CLOSING THE ACHIEVEMENT GAP BY DEVELOPING RECOMMENDATIONS, HIGHLIGHTING THE DATA AND DEVELOPING AN ACTION PLAN TO CREATE A SENSE OF URGENCY AND FOLLOW THROUGH TO CLOSE THESE GAPS. MEANINGFUL DIPLOMA- THE PRICHARD COMMITTEE IS DEDICATED TO TRANSFORMING EDUCATION IN KENTUCKY BY EMPHASIZING MEANINGFUL AND DURABLE SKILLS.

Program 2
Expenses: $1,700,312

KENTUCKY COLLABORATIVE FOR FAMILIES AND SCHOOLS. THE COLLABORATIVE FOR FAMILIES AND SCHOOLS IS A NETWORK OF FAMILIES, SCHOOLS, AND COMMUNITY PARTNERS SUPPORTING LOCAL INNOVATION AND COLLABORATION TO...

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KENTUCKY COLLABORATIVE FOR FAMILIES AND SCHOOLS. THE COLLABORATIVE FOR FAMILIES AND SCHOOLS IS A NETWORK OF FAMILIES, SCHOOLS, AND COMMUNITY PARTNERS SUPPORTING LOCAL INNOVATION AND COLLABORATION TO MEET THE UNIQUE NEEDS OF EACH AND EVERY KENTUCKY CHILD TO IMPROVE LEARNING OUTCOMES AND STUDENT SUCCESS. THIS PROGRAM ENCOMPASSES THE FOLLOWING INITIATIVES: COMMONWEALTH INSTITUTE FOR PARENT LEADERSHIP- CIPL OFFERS A VARIETY OF PROGRAMS AIMED AT BRINGING TOGETHER PARENTS, TEACHERS, COMMUNITY MEMBERS, AND SCHOOL ADMINISTRATORS FOR TRAINING, INFORMATION, AND EXPERIENCES THAT HELP THEM WORK AS PARTNERS TO RAISE STUDENT ACHIEVEMENT. KENTUCKY COMMUNITY SCHOOLS INITIATIVE- THIS INITIATIVE INTEGRATES THE FOUR PILLARS OF COMMUNITY SCHOOLS: INTEGRATED STUDENT SUPPORTS; EXPANDED AND ENRICHED LEARNING TIME AND OPPORTUNITIES; ACTIVE FAMILY AND COMMUNITY ENGAGEMENT; COLLABORATIVE LEADERSHIP AND PRACTICES. FAMILY FRIENDLY SCHOOLS-THIS INITIATIVE IS FOCUSED ON FAMILY ENGAGEMENT, DEFINED AS A PRODUCTIVE, EQUITABLE AND INCLUSIVE PARTNERSHIP ABOUT FAMILIES, EDUCATORS AND THE COMMUNITY TO PROMOTE CHILDREN'S LEARNING AND DEVELOPMENT FROM BIRTH THROUGH COLLEGE AND CAREER, AND ACROSS HOME, SCHOOL AND COMMUNITY SETTINGS.

Program 3
Revenue: $17,239

GROUNDSWELL SUMMIT & ANNUAL MEETING

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,770,381
Program Service Revenue $17,239
Investment Income $45,698
Other Revenue $3,015
TOTAL REVENUE $3,836,333

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,621,691
Fundraising Expenses $123,869
Program Expenses $2,818,433
Other Expenses $1,724,819
TOTAL EXPENSES $3,346,510

Year-over-Year Comparison

2023 2022 Change
Revenue $3,836,333 $1,810,577 +1.1%
Expenses $3,346,510 $1,813,364 +0.8%
Net Income $489,823 $-2,787 -176.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
23
Volunteers
150

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$223,915
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIGITTE BLOM PRESIDENT & 40.00
Officer
$212,909 $11,006 $223,915
DR JAY BOX DIRECTOR 1.00
Director
$0 $0 $0
LEO CALDERON DIRECTOR 1.00
Director
$0 $0 $0
GARREN COLVIN DIRECTOR 1.00
Director
$0 $0 $0
AL CORNISH DIRECTOR 1.00
Director
$0 $0 $0
SUSAN D ELKINGTON DIRECTOR 1.00
Director
$0 $0 $0
W CLAY H FORD CHAIR 1.00
Director
$0 $0 $0
FRANKLIN JELSMA DIRECTOR 1.00
Director
$0 $0 $0
LONNIE LAWSON DIRECTOR 1.00
Director
$0 $0 $0
CHRISTIAN MOTLEY DIRECTOR 1.00
Director
$0 $0 $0
WYNN L RADFORD DIRECTOR 1.00
Director
$0 $0 $0
DERRICK RAMSEY DIRECTOR 2.00
Officer Director
$0 $0 $0
DR JULIA L ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
FELICIA CUMMINGS SMITH VICE CHAIR 2.00
Officer Director
$0 $0 $0
JULIE TENNYSON DIRECTOR 1.00
Director
$0 $0 $0
ELAINE WILSON DIRECTOR 1.00
Director
$0 $0 $0
GWEN YOUNG SECRETARY/TR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,836,333 $3,346,510 $5,893,118 $489,823
2022 $1,810,577 $1,813,364 $4,684,533 $-2,787
2021 $1,745,118 $2,336,251 $5,009,260 $-591,133
2020 $1,935,266 $2,794,245 $5,227,999 $-858,979
2019 $1,278,702 $2,158,365 $5,434,962 $-879,663
2018 $2,458,322 $1,283,673 $5,794,050 $1,174,649
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