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Nonprofiteer
← EKY HERITAGE FOUNDATION INC

Form 990 for tax year 2023

Filed by EKY HERITAGE FOUNDATION INC.

Totals

Total revenue
$86,871
Total expenses
$398,289
Contributions and grants received
$86,871
Grants paid
$234,567
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$424,747
Total liabilities, end of year
$75,282
Net assets or fund balances, end of year
$349,465
Program services expenses (Part IX)
$349,175
Management and general expenses
$49,114
Fundraising expenses
$0
Program service expenses (Part III)
$349,175

Program services were 87.7% 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.

  • 1e · Government grants (contributions)

    $8,000

  • 1f · All other contributions, gifts and grants

    $78,871

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $234,567 · program services $234,567

  • 7 · Other salaries and wages

    total $114,573 · program services $80,201 · management and general $34,372

  • 10 · Payroll taxes

    total $7,670 · program services $5,369 · management and general $2,301

  • 11c · Fees: accounting

    total $7,750 · program services $5,425 · management and general $2,325

  • 12 · Advertising and promotion

    total $2,691 · program services $1,884 · management and general $807

  • 13 · Office expenses

    total $2,958 · program services $2,071 · management and general $887

  • 17 · Travel

    total $12,222 · program services $8,558 · management and general $3,664

  • 20 · Interest

    total $106 · program services $74 · management and general $32

  • 24a · Other expenses: DUES & MEMBERSHIPS

    total $6,817 · program services $4,772 · management and general $2,045

  • 24b · Other expenses: PROPERTY EXPENSE

    total $4,546 · program services $3,182 · management and general $1,364

  • 24c · Other expenses: REGISTRATION FEES

    total $1,888 · program services $1,322 · management and general $566

  • 24d · Other expenses: SPONSORSHIPS

    total $1,376 · program services $963 · management and general $413

  • 24e · All other expenses

    total $1,125 · program services $787 · management and general $338

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $289,721 · end of year $48,586

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

    $376,161

  • 10c · Land, buildings and equipment, net

    beginning of year $376,161 · end of year $376,161

  • 25 · Other liabilities

    beginning of year $4,999 · end of year $75,282

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $660,883 · end of year $349,465

Mission and programs · 2023

Mission

TO RAISE CAPITAL AND ALLOCATE FUNDS TO BE INVESTED IN THE LOCAL ECONOMY OF EASTERN KENTUCKY TO PROMOTE TOURISM AND ECONOMIC DEVELOPMENT.

  • COMMUNITY ENGAGEMENT SESSIONS INVOLVING THE "IMAGINE LETCHER ECONOMIC DEVELOPMENT ACTION PLAN" TO GET COMMUNITY INVOLVEMENT AROUND THE TRANSITION FROM A COAL ECONOMY TO A TOURISM ECONOMY.

    Expenses $252,272 · Grants $194,967

  • ASSISTED IN LETCHER COUNTY, KY FLOOD RECOVERY EFFORTS.

    Expenses $96,903 · Grants $39,600

As filed on the 2023 return.

Listed in Part VII

  • Charles W Matthews Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eli Matthews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Isaac Matthews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Jeffery Justice

    EXECUTIVE DIRECTOR

    Total calculated
    $66,154
    From this org
    $66,154
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ina M Matthews

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Donna J Childers

    SECRETARY & TRASURER

    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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349314512

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