Form 990 for tax year 2022
Filed by GREATER LOUISVILLE FOUNDATION INC.
Totals
- Total revenue
- $144,273
- Total expenses
- $179,214
- Contributions and grants received
- $144,260
- Grants paid
- $144,260
- Program service revenue
- $0
- Investment income
- $13
- Other revenue
- $0
- Total assets, end of year
- $81,531
- Total liabilities, end of year
- $6,365
- Net assets or fund balances, end of year
- $75,166
- Program services expenses (Part IX)
- $171,191
- Management and general expenses
- $8,023
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $171,191
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
$144,260
-
3 · Investment income
total $13 · excluded $13
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $144,260 · program services $144,260
-
24a · Other expenses: ADMINISTRATIVE EXPENSES
total $24,015 · program services $15,992 · management and general $8,023
-
24b · Other expenses: AUDIT CHARGES
total $7,365 · program services $7,365
-
24c · Other expenses: OUTSIDE SERVICES
total $2,050 · program services $2,050
-
24d · Other expenses: BANK CHARGES
total $1,512 · program services $1,512
-
24e · All other expenses
total $12 · program services $12
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $228,680 · end of year $79,425
-
2 · Savings and temporary cash investments
beginning of year $2,573 · end of year $2,106
-
25 · Other liabilities
beginning of year $121,147 · end of year $6,365
-
27 · Net assets without donor restrictions
beginning of year $88,617 · end of year $56,227
-
28 · Net assets with donor restrictions
beginning of year $21,489 · end of year $18,939
Mission and programs · 2022
Mission
IDENTIFY, MOBILIZE, AND FUND PROGRAMS TO ADDRESS LOUISVILLE'S GREATEST CHALLENGES REGARDING BUSINESS GROWTH AND INCREASED ECONOMIC PROSPERITY FOR ALL CITIZENS IN THE GREATER LOUISVILLE REGION.
-
SUPPORT PROGRAMS AND SERVICES THAT CONTRIBUTE TO THE PROSPERITY OF OUR ENTIRE COMMUNITY, INCLUDING EDUCATION, ECONOMIC DEVELOPMENT, JOB CREATION AND ENTREPRENEURIAL AND SMALL BUSINESS DEVELOPMENT.
Expenses $171,191 · Grants $144,260 · Revenue $144,273
-
SUPPORT EXPORT DEVELOPMENT ACTIVITIES OF SMALL AND MEDIUM SIZE COMPANIES.
As filed on the 2022 return.
Listed in Part VII
-
Jim AllenJIM ALLEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Paul CostelPAUL COSTEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Russell CoxRUSSELL COX
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Audwin HeltonAUDWIN HELTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ja HillebrandJA HILLEBRAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jill HornJILL HORN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alice HoustonALICE HOUSTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rocki RockinghamROCKI ROCKINGHAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Purna VeerPURNA VEER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Evelyn StrangeEVELYN STRANGE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Davasher-WisdomSARAH DAVASHER-WISDOM
PRESIDENT/CEO
- Total calculated
- $301,788
- From this org
- $0
- From related orgs
- $289,693
- Other
- $12,095
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $289,693 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $6,997 related
- Nontaxable benefits
- $0 + $10,892 related
- Filer's total
- $0 + $307,582 related
-
John CrockettJOHN CROCKETT
SECRETARY
- 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. 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
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
-
ECONOMIC DEVELOPMENT & EDUCATIONAL PROGRAMS
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.
-
LOUISVILLE AREA CHAMBER OF COMMERCE INC
501(C)(6) · ECONOMIC DEVELOPMENT · KY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302909349301500
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