KENTUCKY CENTER FOR ECONOMIC POLICY INC

EIN: 844979582 501(c)(3) Public & Societal Benefit

BEREA, KY

Total Revenue
$1,616,973
Total Expenses
$1,160,086
Total Assets
$2,628,488
Net Assets
$2,455,496
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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
KY
Principal Officer
JASON BAILEY
Phone
8597564605
Tax Period
2024-07-01 to 2025-06-30

KENTUCKY CENTER FOR ECONOMIC POLICY INC, founded in 2020, is a community nonprofit in the Public & Societal Benefit sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $457K, a strong 28% operating margin.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR ALL KENTUCKIANS THROUGH RESEARCH, EDUCATION AND ADVOCACY ON IMPORTANT POLICY ISSUES FACING THE COMMONWEALTH.

Program Service Accomplishments

Program 1
Expenses: $301,874 Revenue: $395,000

KYPOLICY PROMOTES SOUND AND EQUITABLE BUDGET, TAX AND FISCAL POLICIES THAT RESULT IN ADEQUATE INVESTMENT, A FAIR TAX SYSTEM AND ACCOUNTABLE AND TRANSPARENT PUBLIC SPENDING. WE ARE REGULARLY CITED BY...

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KYPOLICY PROMOTES SOUND AND EQUITABLE BUDGET, TAX AND FISCAL POLICIES THAT RESULT IN ADEQUATE INVESTMENT, A FAIR TAX SYSTEM AND ACCOUNTABLE AND TRANSPARENT PUBLIC SPENDING. WE ARE REGULARLY CITED BY MAJOR NEWS SOURCES FOR OUR TIMELY RESEARCH AND ANALYSIS OF FISCAL ISSUES, AND LEAD THE KENTUCKY TOGETHER COALITION AND OTHER CAMPAIGNS FOR AN IMPROVED STATE BUDGET. KYPOLICY'S BUDGET AND TAX WORK SEEKS TO BUILD THRIVING COMMUNITIES AND ALLEVIATE POVERTY AND INEQUALITY.

Program 2
Expenses: $389,090 Revenue: $250,000

KYPOLICY ADVANCES POLICIES THAT IMPROVE ECONOMIC SECURITY INCLUDING THROUGH ACCESS TO NUTRITION, HEALTH CARE, INCOME SUPPORTS, LABOR STANDARDS AND A SAFETY NET. WE PRODUCE TIMELY RESEARCH AND...

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KYPOLICY ADVANCES POLICIES THAT IMPROVE ECONOMIC SECURITY INCLUDING THROUGH ACCESS TO NUTRITION, HEALTH CARE, INCOME SUPPORTS, LABOR STANDARDS AND A SAFETY NET. WE PRODUCE TIMELY RESEARCH AND ANALYSIS OF KEY ECONOMIC SECURITY ISSUES, PROMOTE PUBLIC EDUCATION AND UNDERSTANDING, AND ADVOCATE FOR POLICY CHOICES THAT ALLEVIATE ECONOMIC HARDSHIP. KYPOLICY PARTNERS CLOSELY WITH A RANGE OF ORGANIZATIONS INCLUDING THROUGH THE THRIVEKY COALITION AND THE KENTUCKY FOOD ACTION NETWORK.

Program 3
Expenses: $218,639 Revenue: $123,092

KYPOLICY PROMOTES POLICIES THAT CREATE A FAIR JUSTICE SYSTEM INCLUDING BY REDUCING MASS INCARCERATION AND ITS RESULTING ECONOMIC AND RACIAL INEQUITIES. WE TRACK AND ANALYZE CRIMINAL JUSTICE POLICY...

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KYPOLICY PROMOTES POLICIES THAT CREATE A FAIR JUSTICE SYSTEM INCLUDING BY REDUCING MASS INCARCERATION AND ITS RESULTING ECONOMIC AND RACIAL INEQUITIES. WE TRACK AND ANALYZE CRIMINAL JUSTICE POLICY CHOICES AND WORK WITH PARTNERS TO IDENTIFY AND ADVANCE REFORMS. KYPOLICY IS A MEMBER OF KENTUCKY SMART ON CRIME, A DIVERSE COALITION SEEKING IMPROVEMENTS TO KENTUCKY'S JUSTICE SYSTEM.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,590,224
Program Service Revenue $0
Investment Income $5,474
Other Revenue $21,275
TOTAL REVENUE $1,616,973

Expense Breakdown

Grants Paid $0
Salaries & Benefits $906,220
Fundraising Expenses $61,589
Program Expenses $909,603
Other Expenses $253,866
TOTAL EXPENSES $1,160,086

Year-over-Year Comparison

2024 2023 Change
Revenue $1,616,973 $883,597 +0.8%
Expenses $1,160,086 $1,074,319 +0.1%
Net Income $456,887 $-190,722 -3.4%
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
8
Independent Members
7
Employees
N/A
Volunteers
25

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
4
$122,161
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON BAILEY EXECUTIVE DI N/A
Officer
$0 $17,727 $122,161
JENNIFER BIRD-POLLAN CHAIRPERSON 2.00
Officer Director
$0 $0 $0
CAITLIN BLAIR DIRECTOR 2.00
Director
$0 $0 $0
EDDIE CAMPBELL DIRECTOR 2.00
Director
$0 $0 $0
CHERIE DAWSON-EDWARDS SECRETARY 2.00
Officer Director
$0 $0 $0
CHRISTIAN MOTLEY VICE CHAIR 2.00
Officer Director
$0 $0 $0
EDWARD PALMER DIRECTOR 2.00
Director
$0 $0 $0
DUSTIN REINSTEDLER DIRECTOR 2.00
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
2025 $1,616,973 $1,160,086 $2,628,488 $456,887
2024 $883,597 $1,074,319 $2,152,876 $-190,722
2023 $1,174,904 $967,901 $2,339,942 $207,003
2021 $2,496,689 $627,004 $2,023,746 $1,869,685
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