Form 990 for tax year 2023
Filed by LEADERSHIP LOUISVILLE FOUNDATION INCORPORATED.
Totals
- Total revenue
- $2,942,675
- Total expenses
- $3,629,544
- Contributions and grants received
- $441,872
- Grants paid
- $0
- Program service revenue
- $2,368,131
- Investment income
- $132,672
- Other revenue
- $0
- Total assets, end of year
- $6,048,151
- Total liabilities, end of year
- $1,169,361
- Net assets or fund balances, end of year
- $4,878,790
- Program services expenses (Part IX)
- $3,079,126
- Management and general expenses
- $324,248
- Fundraising expenses
- $226,170
- Program service expenses (Part III)
- $3,079,126
Program services were 84.8% 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
$441,872
-
1g · Noncash contributions included above
$3,150
-
2a · Program service revenue: TUITION
total $1,419,424 · related or exempt $1,419,424
-
2b · Program service revenue: SPONSORSHIPS
total $475,439 · related or exempt $475,439
-
2c · Program service revenue: LEADERSHIP EVENTS
total $339,258 · related or exempt $339,258
-
2d · Program service revenue: MEMBER DUES
total $114,206 · related or exempt $114,206
-
2e · Program service revenue: OTHER
total $15,604 · related or exempt $15,604
-
2f · All other program service revenue
total $4,200 · related or exempt $4,200
-
3 · Investment income
total $94,110 · excluded $94,110
-
7a · Gross sales of assets other than inventory
securities $435,566
-
7b · Less cost or other basis and sales expenses
securities $397,004
-
7c · Gain or loss
securities $38,562
-
7d · Net gain or loss
total $38,562 · excluded $38,562
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $260,133 · program services $213,309 · management and general $28,615 · fundraising $18,209
-
7 · Other salaries and wages
total $1,435,220 · program services $1,175,050 · management and general $151,550 · fundraising $108,620
-
8 · Pension plan contributions
total $98,651 · program services $80,893 · management and general $10,852 · fundraising $6,906
-
9 · Other employee benefits
total $117,051 · program services $95,575 · management and general $11,467 · fundraising $10,009
-
10 · Payroll taxes
total $123,534 · program services $101,298 · management and general $13,589 · fundraising $8,647
-
11b · Fees: legal
total $226 · program services $194 · management and general $18 · fundraising $14
-
11c · Fees: accounting
total $35,547 · program services $30,571 · management and general $2,944 · fundraising $2,032
-
11f · Fees: investment management
total $11,920 · management and general $11,920
-
11g · Fees: other
total $148,326 · program services $132,903 · management and general $9,044 · fundraising $6,379
-
12 · Advertising and promotion
total $191,589 · program services $177,021 · management and general $8,543 · fundraising $6,025
-
13 · Office expenses
total $51,792 · program services $43,016 · management and general $5,188 · fundraising $3,588
-
14 · Information technology
total $88,909 · program services $73,025 · management and general $9,315 · fundraising $6,569
-
16 · Occupancy
total $270,913 · program services $252,101 · management and general $11,032 · fundraising $7,780
-
17 · Travel
total $14,144 · program services $11,528 · management and general $1,070 · fundraising $1,546
-
19 · Conferences, conventions and meetings
total $230,916 · program services $226,024 · management and general $2,501 · fundraising $2,391
-
22 · Depreciation, depletion and amortization
total $152,228 · program services $124,341 · management and general $16,492 · fundraising $11,395
-
23 · Insurance
total $17,387 · program services $14,239 · management and general $1,846 · fundraising $1,302
-
24a · Other expenses: EVENT CATERING/FOOD
total $254,924 · program services $246,310 · fundraising $8,614
-
24b · Other expenses: MISCELLANEOUS
total $26,924 · program services $23,354 · management and general $2,420 · fundraising $1,150
-
24c · Other expenses: PROFESSIONAL DEVELOPMEN
total $25,256 · program services $18,634 · management and general $2,174 · fundraising $4,448
-
24d · Other expenses: BAD DEBT
total $23,400 · program services $2,469 · management and general $19,179 · fundraising $1,752
-
24e · All other expenses
total $50,554 · program services $37,271 · management and general $4,489 · fundraising $8,794
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $495,118 · end of year $188,754
-
2 · Savings and temporary cash investments
beginning of year $53,692 · end of year $68
-
3 · Pledges and grants receivable
beginning of year $86,838 · end of year $128,738
-
4 · Accounts receivable
beginning of year $707,170 · end of year $613,093
-
9 · Prepaid expenses and deferred charges
beginning of year $53,909 · end of year $67,254
-
10a · Land, buildings and equipment: cost or other basis
$3,579,913
-
10b · Land, buildings and equipment: accumulated depreciation
$968,200
-
10c · Land, buildings and equipment, net
beginning of year $2,675,506 · end of year $2,611,713
-
11 · Investments: publicly traded securities
beginning of year $1,888,477 · end of year $1,886,148
-
15 · Other assets
beginning of year $38,850 · end of year $552,383
-
17 · Accounts payable and accrued expenses
beginning of year $158,503 · end of year $128,450
-
19 · Deferred revenue
beginning of year $969,474 · end of year $1,040,911
-
27 · Net assets without donor restrictions
beginning of year $4,068,680 · end of year $3,607,356
-
28 · Net assets with donor restrictions
beginning of year $802,903 · end of year $1,271,434
Mission and programs · 2023
Mission
WE INSPIRE AND EQUIP LEADERS TO BE BETTER AND DO BETTER.
-
COMMUNITY LEADERSHIP PROGRAMS - FIVE COMMUNITY LEADERSHIP PROGRAMS CENTERED ON THE LOUISVILLE REGION ARE OFFERED TO HELP INDIVIDUALS LEAD ORGANIZATIONS AND COMMUNITIES INTO THE FUTURE WITH CONFIDENCE AND VISION. THESE PROGRAMS PROVIDE DIVERSE EXPERIENCES THAT EQUIP PARTICIPANTS WITH THE TOOLS, CONNECTIONS, AND CRITICAL SKILLS TO TURN ENERGY AND PASSION INTO ACCOMPLISHMENT. THEY RANGE FROM 2 DAY TO 1 YEAR LONG EXPERIENCES AND OVER 400 PARTICIPANTS GRADUATE FROM THE FIVE PROGRAMS EACH YEAR (LEADERSHIP LOUISVILLE, IGNITE LOUISVILLE, BINGHAM FELLOWS, FOCUS LOUISVILLE, AND ENCORE LOUISVILLE).
Expenses $1,503,546 · Revenue $1,150,745
-
LEADERSHIP SKILLS DEVELOPMENT - ORGANIZATIONS AND INDIVIDUALS FROM ALL SECTORS PARTICIPATE IN TRAINING AND TALENT DEVELOPMENT EXPERIENCES TO BUILD CRITICAL COMPETENCIES THROUGHOUT THEIR LEADERSHIP JOURNEYS. PARTICIPANTS GAIN TRANSFORMATIONAL LEARNING OPPORTUNITIES TO DEVELOP THE CONFIDENCE AND SKILLS TO ENGAGE AND INSPIRE OTHERS, MANAGE CHANGE, THINK STRATEGICALLY, AND MORE. OFFERINGS RANGE FROM ONE AND TWO-DAY TRAINING COURSES, AN ANNUAL DAY OF LEARNING CALLED THE BEST OF LEADERSHIP SUMMIT, AND TRAINING DELIVERED TO SMALL GROUPS WITHIN AN ORGANIZATION.
Expenses $468,102 · Revenue $380,549
-
NETWORKING EVENTS & MEMBERSHIP- ALONG WITH OFFERING MEMBERSHIP IN THE ORGANIZATION, EACH YEAR A CALENDAR OF SPECIAL EVENTS ARE OFFERED TO KEEP PROGRAM GRADUATES AND THE OVERALL COMMUNITY ENGAGED, CONNECTED, AND MOTIVATED FOR POSITIVE CHANGE. THIS INCLUDES AN ANNUAL LEADERSHIP LOUISVILLE LUCHEON, QUARTERLY 100 WISE WOMEN NETWORKING EVENTS, EVENTS DESIGNED SPECIFICALLY FOR DUES PAYING MEMBERS, AND VARIOUS OTHER SPECIAL EVENTS.
Expenses $1,033,961 · Revenue $690,327
-
NATIONAL EXPANSION - THE GOAL IS TO AMPLIFY THE ABILITY OF COMMUNITY LEADERSHIP PROGRAMS TO BRIDGE DIVIDES ALL OVER THE COUNTRY BY EQUIPPING CURRENT AND FUTURE LEADERS WITH THE CONFIDENCE, COURAGE, AND CONNECTIONS TO IMPACT CHANGE.
Expenses $73,517
-
FOUNDATION - OPERATIONAL INCOME FROM MEMBER DUES, FACILITY RENTAL, AND OTHER.
Revenue $146,510
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jennifer HancockJENNIFER HANCOCK
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Victoria RusselVICTORIA RUSSEL
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Megan VerretMEGAN VERRET
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Greg PopeGREG POPE
CHAIR-ELECT
- Total calculated
- $0
- Hours/week
- 2
-
Christy AmesCHRISTY AMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tawana BainTAWANA BAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dan DurbinDAN DURBIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Elaine GravatteELAINE GRAVATTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kimberly HalbauerKIMBERLY HALBAUER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Devone HoltDEVONE HOLT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Annie LikinsANNIE LIKINS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Greg CornettGREG CORNETT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Keturah JenkinsKETURAH JENKINS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Brad SmithBRAD SMITH
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Mike FineMIKE FINE
COUNSEL
- Total calculated
- $0
- Hours/week
- 2
-
Cynthia KnapekCYNTHIA KNAPEK
PRESIDENT & CEO
- Total calculated
- $278,071
- From this org
- $239,986
- From related orgs
- $0
- Other
- $38,085
- Hours/week
- 46
Schedule J breakdown matched by us
- Base
- $214,896
- Bonus
- $25,000
- Other
- $90
- Deferred
- $25,578
- Nontaxable benefits
- $12,507
- Filer's total
- $278,071
-
Kristen ByrdKRISTEN BYRD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tony GeorgesTONY GEORGES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Scott JenningsSCOTT JENNINGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Christy Lanier-RobinsonCHRISTY LANIER-ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carly LauniusCARLY LAUNIUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jill WilcoxJILL WILCOX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Stacey WadeSTACEY WADE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Terrance SullivanTERRANCE SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cory SkolnickCORY SKOLNICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tammy McClanahanTAMMY MCCLANAHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gretchen LeitermanGRETCHEN LEITERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sarah Davasher-WisdomSARAH DAVASHER-WISDOM
EX-OFFICIO DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Diane PorterDIANE PORTER
EX-OFFICIO DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jimmy RayJIMMY RAY
EX-OFFICIO DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tanelle SawyerTANELLE SAWYER
EX-OFFICIO DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dana Bynum MaytonDANA BYNUM MAYTON
EX-OFFICIO DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Holly PratherHOLLY PRATHER
CHIEF OPERATIONS OFFICER
- Total calculated
- $155,141
- From this org
- $126,344
- From related orgs
- $0
- Other
- $28,797
- Hours/week
- 46
Schedule J breakdown matched by us
- Base
- $119,206
- Bonus
- $7,000
- Other
- $138
- Deferred
- $14,068
- Nontaxable benefits
- $14,729
- Filer's total
- $155,141
-
Aaron MillerAARON MILLER
VICE PRESIDENT
- Total calculated
- $129,589
- From this org
- $111,273
- From related orgs
- $0
- Other
- $18,316
- Hours/week
- 46
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
- 3 · Approval by the board or compensation committee
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
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
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
707 WEST MAIN LLC
FINANCING AND OPERATING REAL ESTATE · KY · income $0 · assets $2,375,784
Directly controlled by LEADERSHIP LOUISVILLE FOUNDATION INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423519349300607
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