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Nonprofiteer
← BLUE GRASS COMMUNITY FOUNDATION INC

Form 990 for tax year 2022

Filed by BLUE GRASS COMMUNITY FOUNDATION INC.

Totals

Total revenue
$57,159,622
Total expenses
$27,853,076
Contributions and grants received
$46,563,896
Grants paid
$22,750,097
Program service revenue
$2,496,511
Investment income
$8,094,633
Other revenue
$4,582
Total assets, end of year
$223,373,063
Total liabilities, end of year
$22,554,148
Net assets or fund balances, end of year
$200,818,915
Program services expenses (Part IX)
$26,586,070
Management and general expenses
$1,029,283
Fundraising expenses
$237,723
Program service expenses (Part III)
$26,586,070

Program services were 95.5% 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

    $46,563,896

  • 2a · Program service revenue: COMMUNITY SUPPORT FEES

    total $2,399,505 · related or exempt $2,399,505

  • 2b · Program service revenue: MEMBERSHIPS

    total $97,006 · related or exempt $97,006

  • 3 · Investment income

    total $7,233,725 · unrelated business $403,090 · excluded $6,830,635

  • 6a · Gross rents

    real property $4,582

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $4,582

  • 6d · Net rental income or loss

    total $4,582 · related or exempt $4,582

  • 7a · Gross sales of assets other than inventory

    securities $38,795,492

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

    securities $37,934,584

  • 7c · Gain or loss

    securities $860,908

  • 7d · Net gain or loss

    total $860,908 · excluded $860,908

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,295,360 · program services $22,295,360

  • 2 · Grants to domestic individuals

    total $454,737 · program services $454,737

  • 5 · Compensation of officers, directors and key employees

    total $440,278 · program services $236,325 · management and general $175,583 · fundraising $28,370

  • 7 · Other salaries and wages

    total $793,579 · program services $425,963 · management and general $316,480 · fundraising $51,136

  • 8 · Pension plan contributions

    total $65,614 · program services $35,219 · management and general $26,167 · fundraising $4,228

  • 9 · Other employee benefits

    total $79,922 · program services $42,899 · management and general $31,873 · fundraising $5,150

  • 10 · Payroll taxes

    total $87,718 · program services $47,084 · management and general $34,982 · fundraising $5,652

  • 11b · Fees: legal

    total $12,215 · management and general $12,215

  • 11c · Fees: accounting

    total $12,215 · management and general $12,215

  • 11f · Fees: investment management

    total $698,029 · program services $698,029

  • 11g · Fees: other

    total $87,747 · program services $32,381 · management and general $48,427 · fundraising $6,939

  • 12 · Advertising and promotion

    total $142,895 · program services $128,605 · fundraising $14,290

  • 13 · Office expenses

    total $82,586 · management and general $82,586

  • 14 · Information technology

    total $130,513 · management and general $22,442 · fundraising $108,071

  • 16 · Occupancy

    total $29,791 · management and general $29,791

  • 19 · Conferences, conventions and meetings

    total $55,871 · management and general $55,871

  • 20 · Interest

    total $16,969 · management and general $16,969

  • 22 · Depreciation, depletion and amortization

    total $31,829 · program services $18,779 · management and general $10,822 · fundraising $2,228

  • 23 · Insurance

    total $21,489 · management and general $21,489

  • 24a · Other expenses: COMMUNITY SUPPORT FEES

    total $2,063,043 · program services $2,063,043

  • 24b · Other expenses: OTHER INSURANCE PREMIUM

    total $95,987 · program services $95,987

  • 24c · Other expenses: SERVICE AGREEMENTS

    total $81,477 · management and general $81,477

  • 24d · Other expenses: MEMBERSHIP DUES & LICEN

    total $32,312 · management and general $32,312

  • 24e · All other expenses

    total $40,900 · program services $11,659 · management and general $17,582 · fundraising $11,659

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $12,893,978 · end of year $21,660,097

  • 3 · Pledges and grants receivable

    beginning of year $307,417 · end of year $292,417

  • 4 · Accounts receivable

    beginning of year $0 · end of year $348

  • 10a · Land, buildings and equipment: cost or other basis

    $1,093,243

  • 10b · Land, buildings and equipment: accumulated depreciation

    $552,507

  • 10c · Land, buildings and equipment, net

    beginning of year $644,133 · end of year $540,736

  • 11 · Investments: publicly traded securities

    beginning of year $165,199,579 · end of year $191,857,592

  • 15 · Other assets

    beginning of year $8,121,824 · end of year $9,021,873

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,289 · end of year $3,746

  • 18 · Grants payable

    beginning of year $787,104 · end of year $908,223

  • 21 · Escrow or custodial account liability

    beginning of year $17,458,320 · end of year $21,191,871

  • 23 · Secured mortgages and notes payable

    beginning of year $465,338 · end of year $450,308

  • 27 · Net assets without donor restrictions

    beginning of year $1,068,465 · end of year $727,186

  • 28 · Net assets with donor restrictions

    beginning of year $167,382,415 · end of year $200,091,729

Mission and programs · 2022

Mission

ESTABLISHED IN 1967, BLUE GRASS COMMUNITY FOUNDATION'S MISSION IS TO IMPROVE THE QUALITY OF LIFE IN THE BLUEGRASS REGION BY INCREASING CHARITABLE GIVING AND LEADING ON CRITICAL COMMUNITY ISSUES.

  • GRANTMAKING THE COMMUNITY FOUNDATION MADE OVER 3,000 GRANTS THIS FISCAL YEAR IMPACTING MORE THAN 1,000 NONPROFIT ORGANIZATIONS AND OVER 120 SCHOLARSHIP RECIPIENTS. ALL GRANTS WERE MADE EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES. THE COMMUNITY FOUNDATION CURRENTLY ADMINISTERS MORE THAN 800 CHARITABLE FUNDS ESTABLISHED TO SUPPORT CHARITABLE CAUSES THAT ARE IMPORTANT TO OUR DONORS AND THEIR COMMUNITIES.

    Expenses $22,750,097 · Grants $22,750,097 · Revenue $2,501,093

  • COMMUNITY ENGAGEMENT THE COMMUNITY FOUNDATION LEADS AND CONVENES ON KEY COMMUNITY ISSUES AND PROJECTS. WE PARTNER WITH NATIONAL FUNDERS, STATE AND CITY GOVERNMENT AND LOCAL RESIDENTS TO MAKE OUR REGION THE MOST GENEROUS, VIBRANT AND ENGAGED PLACE IT CAN BE. EXAMPLES OF OUR COMMUNITY ENGAGEMENT EFFORTS INCLUDE "LEXINGTON BLACK PROSPERITY INITIATIVE", "GOODGIVING CHALLENGE AND "BGCF 365". TO LEARN MORE ABOUT THESE PROGRAMS AND OTHER LEADERSHIP AND ENGAGEMENT EFFORTS PLEASE VISIT WWW.BGCF.ORG/ENGAGE.

    Expenses $3,835,973

As filed on the 2022 return.

Listed in Part VII

  • Tiffany Daniels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Noa Gimelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vanessa Grossl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Higgins-Hord

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Krauss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daryl Love

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marsha Moors-Charles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Walter Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Drew Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Art Salomon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Shaffar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anthony B Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andy Reynolds

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Michelle Hollingshead

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Salvador Sanchez

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Bill Alverson

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Carolyn F Purcell

    SCHOLARSHIPS CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Fran Taylor

    PAST BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Lisa Adkins

    PRESIDENT/CEO

    Total calculated
    $258,608
    From this org
    $234,516
    From related orgs
    $0
    Other
    $24,092
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,516
    Bonus
    $0
    Other
    $0
    Deferred
    $23,452
    Nontaxable benefits
    $640
    Filer's total
    $258,608

  • Brian Dineen

    VP OF FINANCE & ADMINISTRA

    Total calculated
    $168,682
    From this org
    $146,234
    From related orgs
    $0
    Other
    $22,448
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,234
    Bonus
    $0
    Other
    $0
    Deferred
    $15,687
    Nontaxable benefits
    $6,761
    Filer's total
    $168,682

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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

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.

  • ROBERT L BROWN FOUNDATION INC

    501(C) · TO SUPPORT THE ROBERT L. BROWN FOUNDATION, INC. · KY · controlled entity

    Directly controlled by BLUE GRASS COMMUNITY FOUNDATION

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.

  • FOUR NINETY NINE EAST HIGH STREET LLC

    REAL ESTATE HOLDING · KY

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202441359349309899

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

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