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Nonprofiteer
← KENTUCKIANAWORKS FOUNDATION INC

Form 990 for tax year 2022

Filed by KENTUCKIANAWORKS FOUNDATION INC.

Totals

Total revenue
$169,031
Total expenses
$287,903
Contributions and grants received
$169,001
Grants paid
$0
Program service revenue
$0
Investment income
$30
Other revenue
$0
Total assets, end of year
$3,019,019
Total liabilities, end of year
$806,793
Net assets or fund balances, end of year
$2,212,226
Program services expenses (Part IX)
$145,459
Management and general expenses
$142,444
Fundraising expenses
$0
Program service expenses (Part III)
$145,459

Program services were 50.5% 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.

  • 1e · Government grants (contributions)

    $168,905

  • 1f · All other contributions, gifts and grants

    $96

  • 3 · Investment income

    total $30 · excluded $30

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $10,051 · management and general $10,051

  • 13 · Office expenses

    total $12,460 · management and general $12,460

  • 16 · Occupancy

    total $17,872 · program services $11,031 · management and general $6,841

  • 17 · Travel

    total $1,220 · program services $35 · management and general $1,185

  • 24a · Other expenses: CONTRACTOR EXPENSE

    total $134,393 · program services $134,393

  • 24b · Other expenses: REIMBURSED WAGES

    total $109,247 · management and general $109,247

  • 24c · Other expenses: TRAINING AND EDUCATION

    total $2,660 · management and general $2,660

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,850,759 · end of year $3,019,019

  • 3 · Pledges and grants receivable

    beginning of year $83,445

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

    $113,028

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

    $113,028

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $663,694 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,485 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,257,315 · end of year $806,793

  • 27 · Net assets without donor restrictions

    beginning of year $568,411 · end of year $2,212,226

  • 28 · Net assets with donor restrictions

    beginning of year $1,762,687 · end of year $0

Mission and programs · 2022

Mission

TO PROMOTE AND ASSIST, WHETHER FINANCIALLY OR OTHERWISE, THE ACTIVITIES OF THE GREATER LOUISVILLE WORKFORCE DEVELOPMENT BOARD, INC. D/B/A KENTUCKIANAWORKS, AND TO RAISE FUNDS AND COORDINATE EFFORTS THAT ENCOURAGE LOUISVILLE AREA RESIDENTS TO RAISE THEIR EDUCATIONAL ATTAINMENT LEVELS.

Activities or mission (Part I)

ADMINISTERS FEDERAL GRANTS AND PRIVATE CONTRIBUTIONS FOR WORKFORCE DEVELOPMENT, EDUCATIONAL ASSISTANCE AND OTHER RELATED PROGRAMS FOR THE GREATER LOUISVILLE REGION CONSISTING OF JEFFERSON, BULLITT, HENRY, OLDHAM, SPENCER, SHELBY AND TRIMBLE COUNTIES.

  • THE ORGANIZATION CONTINUED TO PROMOTE AND ASSIST, WHETHER FINANCIALLY OR OTHERWISE, THE ACTIVITIES OF THE GREATER LOUISVILLE WORKFORCE DEVELOPMENT BOARD, INC. D/B/A KENTUCKIANAWORKS, AND TO RAISE FUNDS AND COORDINATE EFFORTS THAT ENCOURAGE LOUISVILLE AREA RESIDENTS TO RAISE THEIR EDUCATIONAL ATTAINMENT LEVELS.

    Expenses $145,459

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tony Georges

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Michael Gritton

    EXECUTIVE DIRECTOR

    Total calculated
    $131,036
    From this org
    $0
    From related orgs
    $131,036
    Other
    $0
    Hours/week
    5 + 35 related

  • Dana Moorer

    CHIEF FINANCIAL AND ADMIN

    Total calculated
    $0
    Hours/week
    5

  • Cindy Read

    DEPUTY DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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

No itemized grants to organizations on this return.

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.

  • GREATER LOUISVILLE'S WORKFORCE DEVELOPMENT BOARD DBA KENTUCKIANAWORKS

    115(2) · PROVIDE PUBLIC LEADERSHIP FOR A SKILLED AND EDUCATED WORKFORCE · KY

    Directly controlled by LOU JEFF CO METRO GOVERNMENT

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349313371

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