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Nonprofiteer
← KENTUCKY EXPOSITION FOUNDATION INC

Form 990 for tax year 2023

Filed by KENTUCKY EXPOSITION FOUNDATION INC.

Totals

Total revenue
$247,262
Total expenses
$217,097
Contributions and grants received
$186,210
Grants paid
$185,477
Program service revenue
$0
Investment income
$61,052
Other revenue
$0
Total assets, end of year
$2,455,315
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,455,315
Program services expenses (Part IX)
$185,477
Management and general expenses
$31,620
Fundraising expenses
$0
Program service expenses (Part III)
$185,477

Program services were 85.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $186,210

  • 3 · Investment income

    total $55,299 · excluded $55,299

  • 7a · Gross sales of assets other than inventory

    securities $627,247

  • 7b · Less cost or other basis and sales expenses

    securities $621,494

  • 7c · Gain or loss

    securities $5,753

  • 7d · Net gain or loss

    total $5,753 · excluded $5,753

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $174,946 · program services $174,946

  • 2 · Grants to domestic individuals

    total $10,531 · program services $10,531

  • 11c · Fees: accounting

    total $2,375 · management and general $2,375

  • 11f · Fees: investment management

    total $23,732 · management and general $23,732

  • 12 · Advertising and promotion

    total $3,819 · management and general $3,819

  • 13 · Office expenses

    total $771 · management and general $771

  • 14 · Information technology

    total $923 · management and general $923

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $357,135 · end of year $373,042

  • 11 · Investments: publicly traded securities

    beginning of year $1,808,029 · end of year $2,082,273

  • 27 · Net assets without donor restrictions

    beginning of year $2,165,164 · end of year $2,455,315

Mission and programs · 2023

Mission

TO HELP CREATE LEGACIES TO ENRICH THE LIVES OF ALL CITIZENS OF THE COMMONWEALTH OF KENTUCKY, CONTINUE PROVIDING RESOURCES FOR YOUTH DEVELOPMENT, AND COMMUNICATE THE TRADITIONS AND TECHNOLOGY OF KENTUCKY AGRICULTURE.WE ALSO AIM TO CONTINUE THE PRESERVATION AND ENHANCEMENT OF THE KENTUCKY EXPOSITION CENTER AND OTHER PROPERTIES IN THE CUSTODY AND CONTROL OF THE BOARD IN PERPETUITY.

Activities or mission (Part I)

TO ADVANCE KENTUCKY'S AGRICULTURE AND TOURISM INDUSTRIES AND ECONOMY WHILE SERVING THE ENTERTAINMENT, CULTURAL, AND EDUCATIONAL INTERESTS OF THE PUBLIC.

  • THE KENTUCKY EXPOSITION FOUNDATION, INC. IS AN ORGANIZATION CREATED TO FURTHER THE DEVELOPMENT OF YOUTH AND STIMULATE THE GROWTH OF THE AGRICULTURE AND TOURISM INDUSTRIES IN THE STATE OF KENTUCKY THROUGH EVENTS AT THE KENTUCKY STATE FAIRGROUNDS. THE FOUNDATION WILL SUPPORT AND ENRICH THE LIVES OF ALL CITIZENS OF THE COMMONWEALTH.

    Expenses $185,477 · Grants $185,477

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Scott Shoenberger

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Danesi

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tandy C Patrick

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Warren Beeler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ryan Bivens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charlie Boyd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joe Goggin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • H David Wallace

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robin Webb

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Snowden

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Orson Oliver

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • KENTUCKY STATE FAIR

    $174,946

    PROGRAM SUPPORT

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202403129349302515

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