500 Newtown Pike
Lexington KY 40508
Contact Information
Address 500 Newtown Pike
Lexington, KY 40508
Phone (859) 246-6584
Contact Name Laurel Martin
At A Glance
IRS Ruling Year 2007
Former Names
Lexington Community College
Central Kentucky Technical College
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Bluegrass Community and Technical College Foundation
500 Newtown Pike,
Lexington, KY 40508

Financial Summary
Revenue vs Expenses - All Years
Expense Breakdown - Recent Year
Mission Statement


Bluegrass Community and Technical College Foundation Inc. (BCTC Foundation) is a non-profit 501(c)3 organization with a mission to advance the purposes of fundraising, advocacy, public relations, and the educational and community service goals of Bluegrass Community and Technical College (BCTC).  The BCTC Foundation secures private funding for BCTC so the college can focus on its mission of contributing to the vitality of our communities by providing quality education in academic transfer, professional-technical and life-long learning.  


Background Statement Bluegrass Community and Technical College was established in 2005 through the consolidation of Lexington Community College and Central Kentucky Technical College. These two colleges represent a rich history of providing education in this community for more than 80 years. The BCTC Foundation was formed in the same year to support the college as it constantly strives to fulfill its mission to transform the Bluegrass – one student at a time, one employer at a time, and one community at a time. BCTC is a fully accredited, comprehensive community college, offering transfer, career, and technical programs. The College also provides classes in adult literacy, customized workforce training, continuing education, and community outreach. Over 3,300 students graduate each year with associate degrees, diplomas, and/or certificates from 44 programs of study. Many of these graduates continue their education at other colleges and universities. Approximately 2,000 students transfer from BCTC to a four-year public institution each year, making BCTC the top transfer college in Kentucky. BCTC has dual-admission agreements with the University of Kentucky, Eastern Kentucky University, and Kentucky State University. BCTC is known for the quality of its instructors, with award-winning professors recognized in 2007, 2009, and 2015 as the Carnegie Foundation’s Kentucky Professor of the Year by the Council for Advancement and Support of Education. Excellence in teaching has expanded to online offerings, allowing students to pursue higher education from anywhere at their own pace. BCTC is currently one of the largest providers of distance learning in Kentucky. BCTC also brings its excellence in teaching to the workplace. The college serves over 325 businesses and trains more than 1,200 workers each year. Through Workforce Solutions, BCTC offers customized employee training that transforms business by providing the more advanced and productive workforce needed in today’s global economy.
Impact Statement Every year, Bluegrass Community and Technical College (BCTC) makes higher education accessible and affordable for more than 13,000 students, including recent high school graduates, working professionals, and returning learners. With a focus on associate degrees and certificate programs, as well as workforce development and continuing education, BCTC attracts students who plan to enter professions that are essential to Central Kentucky and beyond. Signature BCTC programs include nursing, dental hygiene, graphic design, film studies, and the North American Racing Academy that prepares equine professionals to serve as jockeys and racing officials. BCTC is funded through a combination of state appropriations, federal and state grants, tuition and fees, and philanthropy. As public funds have decreased, private support for scholarships, programs, faculty development, and capital improvements is more important than ever. Established in 2005, the Foundation manages assets totaling $3 million, awards nearly $70,000 in scholarships each year, and raises funds for program support, capital improvements, and faculty development. The generosity of our donors has helped create a learning environment that rivals that of any four-year institution.
Needs Statement Bluegrass Community & Technical College Foundation (Foundation) is a 501(c) 3 nonprofit organization that supports the mission and goals of Bluegrass Community and Technical College (BCTC). The Foundation plays an essential role in the growth of BCTC and its service to the community by promoting awareness and philanthropic support of the college. Our current funding priorities include raising $1 million to support the scholarships, program support and additional equipment used in our classrooms to allow us to help individuals pursue their education.
CEO/Executive Director Statement

Bluegrass Community and Technical College and the BCTC Foundation benefit from the generosity of individuals, corporations, and foundations who invest in our students, programs, and facilities. We are currently making tremendous investments in facility construction and renovations. In 2019, we concluded a capital campaign to raise funds for a $4,845,000 Advanced Manufacturing Center at our Danville campus.

We are now focusing on increasing the number of scholarships we can provide to deserving students that will help remove the financial barriers that can prevent an individual from pursuing and completing their education.  Each year, private support provides critical funding for the many initiatives and programs at BCTC. These investments have become truly essential to our success and we are sincerely grateful as they make our success possible.

Laurel Raimondo Martin, PhD, Associate Vice President for Advancement and BCTC Foundation Executive Director.
Board Chair Statement
It is my pleasure to serve as the chair of the Bluegrass Community and Technical College Foundation Board of Directors. As a board, we are dedicated to increasing private support for BCTC and its mission of providing quality education throughout our region.In addition to our three campuses in Lexington, we have campuses in Danville, Georgetown, Lawrenceburg, and Winchester. Our board members represent each of our seven campuses.They are community leaders who donate their professional expertise and time to make higher education possible for BCTC students. The BCTC Foundation has launched the largest funding campaign in the college’s history.We ask, and we need, your generous financial support in order to achieve our ambitious goal.The impact of your investment will be far-reaching and will be essential to the future of BCTC. We hope you will consider contributing to the success of the campaign, the college, and the students we serve.
Jim Jacobus, BCTC Foundation Board Chair, 2019-2021
Service Categories
Secondary Organization Category Community Improvement, Capacity Building / Economic Development
Tertiary Organization Category Public & Societal Benefit / Leadership Development
Geographic Areas Served
Anderson County
Boyle County
Clark County
Fayette County
Franklin County
Garrard County
Jessamine County
Madison County
Mercer County
Scott County
Woodford County

Bluegrass Community & Technical College Foundation serves the Central Kentucky region, with particular emphasis on Lexington, Winchester, Lawrenceburg, Danville, and Georgetown, where current and future campuses are located. Additionally, BCTC’s diverse student population also represents each of Kentucky’s 120 counties, 34 US states, and 18 foreign countries in the past school year alone.

Board Chair
Board Chair Mr. Jim Jacobus
Company Affiliation Former President/Retired, Inter-County Energy
Term July 2019 to June 2021
Board Members
Dr. Koffi AkakpoBluegrass Community & Technical CollegeVoting
Mr. John AlbrightCaldwell StoneVoting
Mr. Alonzo AllenToyota Motor Manufacturing, RetiredVoting
Mr. Joe ArnoldWhitaker BankVoting
Ms. Linda BreathittCommunity VolunteerVoting
Claudia GogginnGimat, LLCVoting
Mrs. Connie HarveyConduent, RetiredVoting
Mrs. Carlean HefnerLudwig, Blair & Bush PLLCVoting
Mrs. Christian HockensmithThe Hockensmith AgencyVoting
Mr. Jim JacobusInter-County Energy CooperativeVoting
Mr. Mike KindredFormer Principal, RetiredVoting
Dr. Laurel Raimondo MartinBCTC Foundation Executive DirectorVoting
Ms. Suniti MujumdarAlltech, Inc.Voting
Ms. Katy NeyhouseWealthSouthVoting
Mr. John OmohundroLeggett & PlattVoting
Mrs. Terri SteinCentral Bank & Trust Co.Voting
Mr. Gabe UebelSplatter, Inc.Voting
Mr. Ron L. Walker, Jr.US Dept. of JusticeVoting
Mr. Richard WebbHarrodsburg/Mercer Co. Industrial Development AuthorityVoting
Mr. Mark WillisStantecVoting
Board Demographics - Ethnicity. Add number
Asian American/Pacific Islander 1
Caucasian 17
Hispanic/Latino 1
Native American/American Indian 0
Other 1 0
Board Demographics - Gender
Male 11
Female 9
Unspecified 0
Board Term Lengths 3
Board Term Limits 3
Board Meeting Attendance % 64%
Written Board Selection Criteria? No
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 100%
Constituency Includes Client Representation No
Number of Full Board Meetings Annually 5
Board Co-Chair
Board CoChair Mr. Jim Jacobus
Company Affiliation Inter-County Energy Cooperative
Term July 2016 to June 2017
Standing Committees
Board Governance
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
CEO Comments
CEO/Executive Director
Executive Director Laurel Raimondo Martin PhD
Term Start Jan 2014
Full Time Staff 1
Part Time Staff 1
Volunteers 21
Contractors 0
Retention Rate 100%
Management Reports to Board? Yes
Staff Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 2
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Staff Demographics - Gender
Male 0
Female 2
Unspecified 0
Formal Evaluations
CEO Formal Evaluation Yes
CEO/Executive Formal Evaluation Frequency Annually
Senior Management Formal Evaluation Yes
Senior Management Formal Evaluation Frequency Annually
NonManagement Formal Evaluation Yes
Non Management Formal Evaluation Frequency Annually
CEO Comments
The Bluegrass Community and Technical College Foundation has a memorandum of understanding with the Bluegrass Community & Technical College, in which the staff of the college's Resource Development Office provides support for the Foundation. This support includes, but is not limited to, grant-writing, fundraising planning, solicitations, and administrative organization.The Resource Development staff includes an Associate Vice President for Advancement (who serves as the Foundation Executive Director), Administrative Assistant, and Gift Account Specialist.
Therefore, because the Foundation does not have employees, the Foundation also does not have a Policy and Procedures Plan. The College does have a Human Resources manual that can be found at

Similarly, while the Foundation continues to work on developing its own policies and procedures regarding non-discrimination, whistle-blowing, and the like, the members of the Foundation agree to adhere to the personnel standards set by Bluegrass Community & Technical College.

The Foundation strives to support BCTC students directly through scholarships. The College is seeing an increased number of students needing assistance to further their education. Since financial difficulty is the leading reason that students do not complete a college education, the increased availability of scholarships is the most effective way to impact student retention and completion rates at BCTC.Scholarships will provide more students with the opportunity to pursue postsecondary education while still meeting their living expenses. In addition, scholarships can reduce the number of hours that a student must work to pay for their higher education and living expenses.

Budget 24,000
Category Education, General/Other Student Financial Aid
Population Served Adults, Unemployed, Underemployed, Dislocated
Program Short Term Success

By providing financial support, BCTC Foundation is enabling more students to successfully complete programs and graduate. As the Foundation increase its funding for scholarships, it will in turn increase its ability to impact more students.

Program Long term Success

The Foundation strives to remove financial barriers that prevent students from continuing their education by providing financial support through scholarships. Everyone should have the opportunity to achieve the highest level of education that they desire and as a result, the highest quality of life possible. As the Foundation continues to communicate the significant need for increased scholarship money, more barriers will be removed and more students can transform their lives through education.

Program Success Monitored By

The Foundation monitors the scholarship recipients in regards to their progress towards achieving their educational goals at BCTC.

Examples of Program Success
Adam Houghton, recipient of the Hobart Opportunity Scholarship for the  2016-2017 academic year,  is a welding student at the Danville campus with plans to graduate this year. With the assistance of his welding instructor, he received a paid internship and has been offered full-time employment at Hobart in Danville upon graduation.
“I will be the first person in my family to graduate from college.” -Adam Houghton

Community and technical colleges are traditionally known for their ability to respond quickly to changes in the marketplace; however, this responsiveness takes resources. As markets become more and more competitive, and as businesses throughout the Bluegrass Region compete across the globe, it is imperative that their workers continue to hone their skills. Programmatic investment in BCTC’s credential-focused and customized training programs can meet this challenge by providing up-to-date training with equipment, technology, program supplies, services and trained instructors. The BCTC Foundation works to ensure that knowledge and skills needed by current and future workers will be readily available at the college as new technology and processes are developed.

Budget 166,350
Category Education, General/Other Educational Programs
Population Served General/Unspecified
Program Short Term Success

In the short-term, the financial support provided by the Foundation enables the programs and campuses at BCTC to stay up-to-date with the knowledge and technology currently being utilized by the workplace.  Employers will find the graduates of BCTC to be trained and able to quickly become productive workers.

Program Long term Success

Graduates from BCTC are helping to strengthen Kentucky’s ability to compete in the global marketplace. The availability of a well-trained workforce can attract new businesses to Central Kentucky and help make the current ones more successful.

Program Success Monitored By

Success will be measured by the Foundation’s ability to help fund and provide an avenue for donors to support program initiatives and campus developments.   

Examples of Program Success

Plans & Policies
Organization has a Fundraising Plan? Yes
Organization has a Strategic Plan? Yes
Years Strategic Plan Considers 3
Date Strategic Plan Adopted June 2016
Management Succession Plan? No
Organization Policy and Procedures Yes
Nondiscrimination Policy No
Whistleblower Policy Yes
Document Destruction Policy Yes
AFP (Association of Fundraising Professionals)2019
Government Licenses
Is your organization licensed by the Government? No
Revenue vs Expenses - All Years
Expense Breakdown - Recent Year
Fiscal Year
Fiscal Year Start July 01, 2019
Fiscal Year End June 30, 2020
Projected Revenue $421,000.00
Projected Expenses $430,950.00
Endowment Value $125,108.00
Spending Policy Percentage
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available). Revenue from foundations and corporations may be included in individual contributions when not itemized separately.
Fiscal Year201920182017
Foundation and
Corporation Contributions
Government Contributions$56,081$5,000$2,500
Individual Contributions$372,566$253,353$493,209
Investment Income, Net of Losses$13,902$11,377$10,256
Membership Dues------
Special Events------
Revenue In-Kind------
Expense Allocation
Fiscal Year201920182017
Program Expense$316,173$282,140$423,013
Administration Expense$26,169$13,995$14,551
Fundraising Expense$3,903$5,644$752
Payments to Affiliates------
Total Revenue/Total Expenses1.280.891.15
Program Expense/Total Expenses91%93%97%
Fundraising Expense/Contributed Revenue------
Assets and Liabilities
Fiscal Year201920182017
Total Assets$1,323,160$1,142,259$1,241,486
Current Assets$898,305$705,494$843,802
Long-Term Liabilities------
Current Liabilities$260,902$188,940$268,326
Total Net Assets$1,062,258$953,319$973,160
Capital Campaign
Currently in a Capital Campaign? No
Capital Campaign Anticipated in Next 5 Years? Yes
State Registration Yes
Address 500 Newtown Pike
Lexington, KY 40508
Primary Phone 859 246-6584
Contact Email
CEO/Executive Director Laurel Raimondo Martin PhD
Board Chair Mr. Jim Jacobus
Board Chair Company Affiliation Former President/Retired, Inter-County Energy