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Nonprofiteer
← THE COMMUNITY FOUNDATION OF LOUISVILLE CORPORATE DEPOSITORY IN

Form 990 for tax year 2023

Filed by THE COMMUNITY FOUNDATION OF LOUISVILLE CORPORATE DEPOSITORY IN.

Totals

Total revenue
$3,798,152
Total expenses
$8,064,572
Contributions and grants received
$4,139,699
Grants paid
$5,900,033
Program service revenue
$0
Investment income
-$305,047
Other revenue
-$36,500
Total assets, end of year
$5,245,057
Total liabilities, end of year
$520,609
Net assets or fund balances, end of year
$4,724,448
Program services expenses (Part IX)
$8,040,951
Management and general expenses
$23,621
Fundraising expenses
$0
Program service expenses (Part III)
$8,040,951

Program services were 99.7% 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.

  • 1c · Fundraising events

    $2,053

  • 1d · Related organizations

    $136,620

  • 1e · Government grants (contributions)

    $100,000

  • 1f · All other contributions, gifts and grants

    $3,901,026

  • 1g · Noncash contributions included above

    $121,601

  • 3 · Investment income

    total $330,102 · excluded $330,102

  • 7a · Gross sales of assets other than inventory

    securities $219,467

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

    securities $854,616

  • 7c · Gain or loss

    securities -$635,149

  • 7d · Net gain or loss

    total -$635,149 · excluded -$635,149

  • 8a · Fundraising events: gross income

    $8,600

  • 8a · Fundraising events: contributions included on line 1c

    $2,053

  • 8b · Fundraising events: direct expenses

    $45,100

  • 8c · Net income from fundraising events

    total -$36,500 · excluded -$36,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,900,033 · program services $5,900,033

  • 11f · Fees: investment management

    total $23,621 · management and general $23,621

  • 24a · Other expenses: FISCAL SPONSOR PROGRAM

    total $1,826,756 · program services $1,826,756

  • 24b · Other expenses: INVEST. EARNINGS TO FDN

    total $314,162 · program services $314,162

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,720,084 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $5,476,704 · end of year $5,245,057

  • 11 · Investments: publicly traded securities

    beginning of year $407,031 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $274,298

  • 18 · Grants payable

    beginning of year $22,373 · end of year $23,559

  • 25 · Other liabilities

    beginning of year $135,910 · end of year $222,752

  • 28 · Net assets with donor restrictions

    beginning of year $8,445,536 · end of year $4,724,448

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO MOBILIZE PEOPLE, NETWORKS, AND CAPITAL TO SPARK MEANINGFUL CHANGE IN AND BEYOND LOUISVILLE.

  • DISTRIBUTE GRANTS AND CONTRIBUTIONS TO 501(C)(3) ORGANIZATIONS QUALIFYING UNDER SECTION 509(A).

    Expenses $6,169,094 · Grants $5,900,033

  • IN THE NORMAL COURSE OF ITS BUSINESS THE COMMUNITY FOUNDATION OF LOUISVILLE CORPORATE DEPOSITORY, INC. FISCALLY SPONSORS VARIOUS CHARITABLE PROJECTS IN THE LOUISVILLE METRO AREA. AT JUNE 30, 2024 THERE WAS 1 SUCH PROJECT. EVERY PROJECT IS REVIEWED AND APPROVED BY THE FOUNDATION'S MISSION AND IMPACT COMMITTEE AND BY THE BOARD OF DIRECTORS PRIOR TO ACTIVATION TO ENSURE PROPOSED PROJECTS ARE CONSISTENT WITH THE COMMUNITY FOUNDATION'S TAX-EXEMPT MISSION, AS DESCRIBED HEREIN.

    Expenses $1,871,857

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

Listed in Part VII

  • Elizabeth Fust

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2 + 4.1 related

  • David Tachau

    BOARD CHAIR, THRU 09/23

    Total calculated
    $0
    Hours/week
    2 + 4.1 related

  • Lopa Mehrotra

    BOARD VICE CHAIR, FROM 09/23

    Total calculated
    $0
    Hours/week
    2 + 4.1 related

  • Michael W Gough

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Dana Jackson

    BOARD SECRETARY, FROM 09/23

    Total calculated
    $0
    Hours/week
    2 + 4.1 related

  • Deborah B Williams

    BOARD SECRETARY, THRU 09/23

    Total calculated
    $0
    Hours/week
    2 + 4.1 related

  • Stephanie Bateman

    DIRECTOR, THRU 09/23

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Stephen Kertis

    DIRECTOR, FROM 09/23

    Total calculated
    $0
    Hours/week
    1 + 2.1 related

  • Curt Scott

    DIRECTOR, THRU 09/23

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Carl Williams

    DIRECTOR, FROM 09/23

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Ronald Gallo

    PRESIDENT & CEO

    Total calculated
    $354,575
    From this org
    $0
    From related orgs
    $343,699
    Other
    $10,876
    Hours/week
    5 + 45.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,365 related
    Bonus
    $0
    Other
    $0 + $5,334 related
    Deferred
    $0 + $10,162 related
    Nontaxable benefits
    $0 + $714 related
    Filer's total
    $0 + $354,575 related

  • Matthew L Bacon

    COO & CFO

    Total calculated
    $241,229
    From this org
    $0
    From related orgs
    $222,240
    Other
    $18,989
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $221,274 related
    Bonus
    $0
    Other
    $0 + $966 related
    Deferred
    $0 + $6,830 related
    Nontaxable benefits
    $0 + $12,159 related
    Filer's total
    $0 + $241,229 related

  • Heather Cash

    SENIOR VP, PHILANTHROPIC SERVICES

    Total calculated
    $166,542
    From this org
    $0
    From related orgs
    $144,135
    Other
    $22,407
    Hours/week
    5 + 45.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,829 related
    Bonus
    $0
    Other
    $0 + $306 related
    Deferred
    $0 + $4,614 related
    Nontaxable benefits
    $0 + $17,793 related
    Filer's total
    $0 + $166,542 related

  • Ramona Dallum

    SENIOR VP, COMMUNITY LEADERSHIP

    Total calculated
    $154,581
    From this org
    $0
    From related orgs
    $132,417
    Other
    $22,164
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,788 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $629 related
    Deferred
    $0 + $4,371 related
    Nontaxable benefits
    $0 + $17,793 related
    Filer's total
    $0 + $154,581 related

  • Mary Grissom

    VP, COM. INVESTMENT, THRU 02/24

    Total calculated
    $151,439
    From this org
    $0
    From related orgs
    $128,944
    Other
    $22,495
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $128,674 related
    Bonus
    $0
    Other
    $0 + $270 related
    Deferred
    $0 + $4,198 related
    Nontaxable benefits
    $0 + $18,297 related
    Filer's total
    $0 + $151,439 related

  • Anne McKune

    VP, ADVANCEMENT

    Total calculated
    $140,060
    From this org
    $0
    From related orgs
    $118,796
    Other
    $21,264
    Hours/week
    5 + 45 related

  • Valerie Sickles

    VP, MARKETING & COMMUNICATIONS

    Total calculated
    $142,343
    From this org
    $0
    From related orgs
    $128,655
    Other
    $13,688
    Hours/week
    5 + 45 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE RELATED ORGANIZATION USES THE FOLLOWING TO ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE EXECUTIVE COMMITTEE AND THE BOARD

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
5 May 2025
IRS schema version
2023v6.0
Source object
202511289349301816

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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