Fund for Transforming Education in Kentucky Inc
696 Teton Trail
FRANKFORT KY 40601-0029
Contact Information
Nonprofit Fund for Transforming Education in Kentucky Inc
Address 696 Teton Trail
FRANKFORT , KY 40601 0029
Phone (502) 385-0514
Contact Name Amanda Riley
At A Glance
IRS Ruling Year 2013
Other ways to donate, support, or volunteer
  • Visit http://www.thefundky.org/donate/ for more information.
  • Mail a check to: The Fund for Transforming Education in Kentucky, P.O. Box 29, Frankfort, KY 40601
  • Donate via Paypal on our Website
  • Enroll in Kroger Community Rewards
  • Donate Stocks on StockDonator.com
Financial Summary
 
 
Statements
Mission Statement The Fund for Transforming Education in Kentucky (The Fund) inspires and scales innovation and excellence in Kentucky’s public schools, resulting in a better future for all of our children.
Background Statement The Fund was established in April 2013 to provide encouragement and support for teachers, school leaders and others as they work toward adopting a new culture of continual improvement and innovation. We work closely with a variety of partners to serve as an outside agent of change to recruit resources and expertise to support teachers, schools and districts committed to this necessary transformation. Our partners include the Kentucky Education Association, Hope Street Group, the Kentucky Department of Education, the Education Professional Standards Board, the Prichard Committee for Academic Excellence and many individual teachers and superintendents to engage Kentucky teachers to design, execute and continuously improve policies, practice and the profession so that students reach their maximum potential.
Impact Statement In the past year, The Fund has hosted multiple successful events for Kentucky educators and the business community of Kentucky, raised over $1 million in funding from foundations and individuals and launched our Innovation Fund grant process with $100,000 in awards. Moving forward, The Fund is working to Transform the Teaching Profession through the expansion of our work specifically funded with Gates donations and Drive Innovation through a continuation of our Innovation Fund and the development of an Innovation Accelerator to support educators. 
Needs Statement Donate to The Fund at our website, www.thefundky.org/donate. Your gift will support our ongoing and newest initiatives via staffing and capacity building.

Volunteer to be a team member in our Innovation Accelerator. We are looking for innovative thinkers, leaders, implementers and brainstormers with skills in finance, project management, marketing, fundraising and communications.

Spread the word. Let others know about The Fund and encourage them to get involved in one of our many projects.
Geographic Areas Served
Areas
Kentucky
Board Chair
Board Chair Billy Harper
Company Affiliation Harper Industries, Inc
Board Members
NameAffiliationStatus
David Adkisson Kentucky Chamber of CommerceVoting
Buddy Berry Eminence Independent SchoolsVoting
Jim Booth Booth EnergyVoting
Jay Box President, Kentucky Community and Technical College SystemExofficio
Sam Corbett Jefferson County Public Education FoundationVoting
Ben Cundiff Cundiff FarmsVoting
Bill Farmer United Way of the BluegrassVoting
Crissy Fiscus Dean Dorton FordVoting
Derrick Graham State RepresentativeVoting
Trey Grayson CEO, Northern Kentucky Chamber of CommerceVoting
John Hall Former CEO, Ashland Oil CompanyVoting
Jenean Hampton Lieutenant GovernorVoting
Billy Harper Harper Industries, IncVoting
Samuel D. Hinkle Member, Stoll Keenon Ogden PLLCVoting
Robert L. King Council on Postsecondary EducationExofficio
Crit Luallen Lt. GovernorVoting
Helen Mountjoy Education Consultant & AdvocateVoting
Mary John O'Hair University of Kentucky College of EducationVoting
Paul Patton Former Governor, Commonwealth of Ketntucky and Interim President and Chancellor, University of PikevilleVoting
Stephen Pruitt Commissioner of EducationVoting
Brigitte Blom Ramsey Prichard Committee for Academic ExcellenceVoting
Carl Rollins Kentucky Higher Education Assistance AuthorityVoting
Louis Waterman Goldberg Simpson, LLCVoting
Mike Wilson State SenatorVoting
Board Demographics - Ethnicity
African American/Black 2
Asian American/Pacific Islander 0
Caucasian 21
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 18
Female 5
Unspecified 0
Governance
Board Term Lengths 3
Board Term Limits 2
Board Meeting Attendance % 71%
Written Board Selection Criteria? Yes
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 21%
Percentage Making In-Kind Contributions 4%
Constituency Includes Client Representation Yes
Number of Full Board Meetings Annually 2
CEO/Executive Director
Executive Director Barbara Bellissimo
Term Start Jan 2014
Experience Prior to joining The Fund, Barbara Bellissimo served as Chief Operations Officer for the San Francisco School Alliance, providing strategic consulting, program management and fundraising services to the San Francisco Unified School District. She brings with her to Kentucky over twenty years of marketing, fundraising and entrepreneurship experience. She has held founding executive director positions at two community foundations (Palo Alto, CA and Martha’s Vineyard, MA), and led development teams at several organizations focused on education and high school engagement. Barbara has also consulted with many nonprofit organizations in the areas of fundraising and strategic planning, and with individuals in the areas of women’s leadership and life/career transition. Prior to entering the nonprofit sector, Barbara led marketing teams at Apple and several Internet service providers. She also co-founded Privada, a global Internet privacy services company that created patented technology to allow individuals to control the dissemination of their personal information over the Internet. Barbara holds a BS in Economics from The Wharton School at the University of Pennsylvania, and has completed coursework in Counseling Psychology at Capella University.
Staff
Full Time Staff 7
Part Time Staff 1
Volunteers 0
Contractors 2
Retention Rate 100%
Management Reports to Board? Yes
Staff Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 10
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Staff Demographics - Gender
Male 1
Female 9
Unspecified 0
Formal Evaluations
CEO Formal Evaluation Yes
CEO/Executive Formal Evaluation Frequency Annually
Senior Management Formal Evaluation N/A
Senior Management Formal Evaluation Frequency N/A
NonManagement Formal Evaluation N/A
Non Management Formal Evaluation Frequency N/A
Description

While great strides have been made to improve Kentucky’s education system, many of our students are still not graduating from high school “college and career ready.” If we want to create a workforce that can meet the needs of an ever-changing global economy, we need critical thinkers, innovators and leaders to step forward and spark a new movement. The Fund for Transforming Education (The Fund) provides a connection between those individuals willing to lead meaningful change in our public education system and those who can make that change a reality. As an independent nonprofit we identify and scale innovative tools and techniques, coordinate with education leaders to ensure the identified methods are practical and effective and bring all applicable parties together to implement these solutions--resulting in a better future for all of our children. Our general operating funds are utilized to pay salary, facilities cost and other overhead expenses that make our work possible.

Budget $276,805
Category
Population Served , ,
Description Our students need real-world experiences, not more multiple-choice tests. Students deserve the opportunity to demonstrate what they have learned in a performance-based, real-world setting. The Fund for Transforming Education (The Fund) launched our Next Generation Instructional Design (NGID) initiative to make learning authentic and instruction relevant. NGID brings together teachers from across Kentucky to improve instructional practices in the classroom and to increase the number of students who master the skills called for in their state’s academic standards. The project is uniquely positioned to help break down the silos of teachers working in isolation so that, together, they can design and implement more academically rigorous lessons and assessments that can be used by any teacher in the state. In addition to working in collaboration and learning intentionally from one another to improve the quality of instruction they provide, the data teachers gather from the NGID lessons provides information about what students know and can do. This data has the potential to be used to determine student growth, an important measure in Kentucky’s Teacher Growth and Effectiveness System. NGID is built upon the best learning from The Fund’s research and development project called the Common Assignment Study (CAS), a three-year research study with teachers from Kentucky and Colorado, in collaboration with the Colorado Education Initiative and the Bill and Melinda Gates Foundation.
Budget $557,350
Category
Population Served , ,
Description All citizens need well-rounded academic foundations, not just those seeking a post-secondary degree. As the future workforce demands more of our students, our students demand more from our teachers and administrators. Successful teachers are critical to student success. The Fund for Transforming Education (The Fund), along with the U.S. Department of Education, the Bill and Melinda Gates Foundation, the Hope Street Group and many other partners, is dedicated to ensuring the success of our teachers as we collaborate to transform the profession. The Fund's Transforming the Teaching Profession initiative puts teachers at the forefront of this work. Teachers are the guiding force on transforming their own profession, changing the way they and others view their work. Teachers should feel that their voice is important and crucial, that they are leaders within their schools/districts, and they are supported to do the best for their students. This initiative allows teachers to build one another up, learn from each other, and connect them across the state and beyond; creating a powerful network of outstanding teacher leaders.
Budget $338,410
Category
Population Served , ,
Description

Statistics about Kentucky education reveal a challenging future for our students. Only 29% of Kentucky adults hold at least a two-year degree (US Census). 40% of Kentucky’s 2011 graduating class did not even enroll in some form of postsecondary education.(Kentucky Center for Education & Workforce Statistics). By 2020, It is projected that 62% of Kentucky jobs will require a postsecondary education (55,000 Degrees). The success of the education system in Kentucky directly correlates to a successful Kentucky economy. Without your investment to create a change in the education system, these statistics in Kentucky will remain the same. The Fund for Transforming Education (The Fund) identifies and scales innovation and excellence in Kentucky’s schools. Our Innovation Initiative combines training, consulting and other supports to create a culture of innovation in Kentucky’s education system. In 2015, The Fund granted six Innovation Grants statewide. This work will now transform into the Innovation Accelerator. Through this initiative, The Fund encourages the investigation, testing and scaling of innovative practices to improve results for all of Kentucky’s students. The only way to make a change for Kentucky is to change the way the education system is doing business. Just like in business, innovation drives change.


Budget $97,764
Category
Population Served , ,
Plans & Policies
Organization has a Fundraising Plan? Under Development
Organization has a Strategic Plan? Yes
Date Strategic Plan Adopted 2013
Management Succession Plan? No
Organization Policy and Procedures Under Development
Nondiscrimination Policy Yes
Whistleblower Policy No
Document Destruction Policy No
Fiscal Year
Fiscal Year Start Jan 01, 2016
Fiscal Year End Dec 31, 2017
Projected Revenue $1,500,000.00
Projected Expenses $1,200,000.00
Detailed Financials
Revenue and ExpensesHelpFinancial data for prior years is entered by foundation staff based on the documents submitted by nonprofit organizations.Foundation staff members enter this information to assure consistency in the presentation of financial data across all organizations.
Fiscal Year201520142013
Total Revenue$1,083,710$1,264,763$1,063,535
Total Expenses$1,348,661$1,275,285$610,272
Revenue Less Expenses($264,951)($10,522)$453,263
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 Year201520142013
Foundation and
Corporation Contributions
------
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified--$0$0
Individual Contributions$1,059,539$1,234,209$1,063,535
--$0$0
--$26,136$0
Investment Income, Net of Losses--$0$0
Membership Dues--$0$0
Special Events$24,171$4,417$0
Revenue In-Kind--$0$0
Other--$0$0
Expense Allocation
Fiscal Year201520142013
Program Expense$1,123,200$1,050,621$580,266
Administration Expense$106,123$173,493$17,479
Fundraising Expense$119,088$51,171$12,527
Payments to Affiliates------
Total Revenue/Total Expenses0.800.991.74
Program Expense/Total Expenses83%82%95%
Fundraising Expense/Contributed Revenue11%4%1%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$818,017$1,063,131$1,068,523
Current Assets$562,752$1,068,523$1,068,523
Long-Term Liabilities--$0$0
Current Liabilities$19,333$4,888$4,888
Total Net Assets$798,684$1,063,635$1,063,535
Form 990s
2015 Form 990
2014 Form 990
2013 Form 990
Capital Campaign
Currently in a Capital Campaign? No
State Registration Yes
Address 696 Teton Trail
FRANKFORT , KY 406010029
Primary Phone 502 385-0514
Contact Email amanda@thefundky.org
CEO/Executive Director Barbara Bellissimo
Board Chair Billy Harper
Board Chair Company Affiliation Harper Industries, Inc