Commonwealth Fund for Ket Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE ORGANIZATION'S MISSION IS TO SUPPORT AND FURTHER THE EDUCATIONAL, CHARITABLE AND PUBLIC PURPOSES AND ACTIVITIES OF THE KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION (AUTHORITY) AND THE RELATED KENTUCKY EDUCATIONAL TELEVISION FOUNDATION, INC. (FOUNDATION). THE FUND'S PRIMARY PURPOSE IS TO RECEIVE, HOLD AND ADMINISTER FUNDS PROVIDED BY ITS FUNDRAISING ACTIVITIES, WHICH ARE CONCENTRATED PRIMARILY IN THE STATE OF KENTUCKY, FOR THE BENEFIT OF THE AUTHORITY AND THE FOUNDATION.
- Income
- $11.0 million
- Spending
- $8.2 million
- Spent on programs
- 66%
- Reserves
- 72.3 months of spending
- Largest source of income
- donations and private grants, 72%
- Employees
- 0
- Volunteers
- 403
- Highest pay
- $472,086, exec director/ceo
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100. Higher than 62% of charities in its peer group (arts and culture, $10m to $100m).
Reserves
35 of 35Spendable reserves would cover 72.3 months of spending.
Debt
20 of 20It owes 1% of what it owns.
Living within its means
15 of 15Income exceeded spending by 26% of income.
Income trend
0 of 15Income fell 27% on the year before.
Spending floor
15 of 1566% of spending went to programs and raising each dollar of donations cost 11 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 34% of charities in its peer group (arts and culture, $10m to $100m).
Independent board
25 of 2516 of 17 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $5.4 million spent. THE ORGANIZATION'S PURPOSE IS TO SUPPORT THE MISSION OF THE AUTHORITY FOR KENTUCKY EDUCATIONAL TELEVISION, THE GOVERNING BODY OF KENTUCKY EDUCATIONAL TELEVISION (KET). AS ONE OF THE NATION'S LARGEST PUBLIC TELEVISION NETWORKS, KET IS USED BY MORE THAN 2 MILLION PEOPLE EACH WEEK AND ITS EDUCATIONAL RESOURCES ARE UTILIZED IN EVERY KENTUCKY SCHOOL DISTRICT AS WELL AS CLASSROOMS ACROSS THE NATION. ACCESSIBLE THROUGH BROADCAST, MOBILE AND CONNECTED DEVICES, KET'S CONTENT INCLUDES ORIGINALLY PRODUCED KENTUCKY HISTORY, CULTURE AND PUBLIC AFFAIRS PROGRAMS IN ADDITION TO THE NATIONAL PBS LINEUP. SERVING THE EDUCATIONAL NEEDS OF THE STATE, KET DELIVERS THE MOST-TRUSTED CHILDREN'S EDUCATIONAL PROGRAMMING PLUS CRADLE-TO-CAREER INSTRUCTIONAL SERVICES INCLUDING EARLY CHILDHOOD TEACHING TOOLS AND CERTIFICATION, K-12 DIGITAL LEARNING RESOURCES AND PROFESSIONAL TRAINING FOR EDUCATORS, AND GED AND WORKFORCE DEVELOPMENT PREP. THE WEBSITE WWW.KET.ORG/MAKING-A-DIFFERENCE-ARCHIVES TELLS THE STORY OF THE TEACHERS, STUDENTS, FAMILIES AND COMMUNITIES IMPACTED BY KET'S PROGRAMS AND SERVICES.THE PRIOR-YEAR SPIKE IN REVENUE WAS DUE TO TWO EXTRAORDINARY BEQUESTS AND A ONE-TIME FUNDRAISING CAMPAIGN TO CONSTRUCT AND EQUIP A NEW LOUISVILLE PRODUCTION CENTER, WHICH OPENED IN JANUARY 2025. UNRESTRICTED ANNUAL GIVING CONTINUED TO INCREASE YEAR-OVER-YEAR. QUARTER 4 SAW SIGNIFICANT GROWTH IN FUNDRAISING AS MANY DONORS RESPONDED TO THE THREAT OF FEDERAL FUNDING CUTS. AN ADDITIONAL $1.349 MILLION IN FEDERAL FUNDING THAT MATCHED PRIVATE FUNDS WAS RAISED.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 1995.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.