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Nonprofiteer
← THE COMMUNITY FOUNDATIO OF LOUISVILLE DEPOSITORY INC

Form 990 for tax year 2024

Filed by THE COMMUNITY FOUNDATIO OF LOUISVILLE DEPOSITORY INC.

Totals

Total revenue
$25,121,271
Total expenses
$23,151,285
Contributions and grants received
$24,206,399
Grants paid
$22,121,393
Program service revenue
$0
Investment income
$914,872
Other revenue
$0
Total assets, end of year
$23,988,915
Total liabilities, end of year
$374,395
Net assets or fund balances, end of year
$23,614,520
Program services expenses (Part IX)
$23,120,902
Management and general expenses
$30,383
Fundraising expenses
$0
Program service expenses (Part III)
$23,120,902

Program services were 99.9% 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.

  • 1d · Related organizations

    $351,020

  • 1f · All other contributions, gifts and grants

    $23,855,379

  • 1g · Noncash contributions included above

    $18,285,750

  • 3 · Investment income

    total $1,024,190 · excluded $1,024,190

  • 7a · Gross sales of assets other than inventory

    securities $42,312,805

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

    securities $42,422,123

  • 7c · Gain or loss

    securities -$109,318

  • 7d · Net gain or loss

    total -$109,318 · excluded -$109,318

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,121,393 · program services $22,121,393

  • 11f · Fees: investment management

    total $30,383 · management and general $30,383

  • 24a · Other expenses: EARNINGS DISTRIB TO CFL

    total $999,509 · program services $999,509

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $87,344 · end of year $1,467,999

  • 2 · Savings and temporary cash investments

    beginning of year $12,867,494 · end of year $13,421,325

  • 3 · Pledges and grants receivable

    beginning of year $1,500

  • 11 · Investments: publicly traded securities

    beginning of year $9,077,630 · end of year $9,099,591

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,427 · end of year $7,430

  • 25 · Other liabilities

    beginning of year $449,471 · end of year $366,965

  • 27 · Net assets without donor restrictions

    beginning of year -$1,911,789 · end of year -$1,844,444

  • 28 · Net assets with donor restrictions

    beginning of year $23,488,859 · end of year $25,458,964

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO MOBILIZE PEOPLE, NETWORKS, AND CAPITAL TO SPARK MEANINGFUL CHANGE IN AND BEYOND LOUISVILLE.

  • DISTRIBUTE GRANTS AND CONTRIBUTIONS TO 501(C)(3) ORGANIZATIONS QUALIFYING UNDER SECTION 509(A).

    Expenses $23,120,902 · Grants $22,121,393

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carl Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Dana Jackson

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 4.1 related

  • Elizabeth Fust

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2 + 4.1 related

  • Lopa Mehrotra

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 4.1 related

  • Michael W Gough

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Stephen Kertis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2.1 related

  • Anne McKune

    VP, ADVANCEMENT

    Total calculated
    $144,256
    From this org
    $0
    From related orgs
    $131,345
    Other
    $12,911
    Hours/week
    5 + 45 related

  • Heather Cash

    CHIEF PHILANTHROPY OFFICER

    Total calculated
    $167,119
    From this org
    $0
    From related orgs
    $153,593
    Other
    $13,526
    Hours/week
    5 + 45.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,593 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,893 related
    Nontaxable benefits
    $0 + $8,633 related
    Filer's total
    $0 + $167,119 related

  • Matthew L Bacon

    COO & CFO

    Total calculated
    $292,324
    From this org
    $0
    From related orgs
    $277,634
    Other
    $14,690
    Hours/week
    5 + 45.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,161 related
    Bonus
    $0 + $24,473 related
    Other
    $0
    Deferred
    $0 + $7,355 related
    Nontaxable benefits
    $0 + $7,335 related
    Filer's total
    $0 + $292,324 related

  • Ramona Dallum

    SENIOR VP, COMM LEADER (TO 05/25)

    Total calculated
    $165,528
    From this org
    $0
    From related orgs
    $151,982
    Other
    $13,546
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,982 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,913 related
    Nontaxable benefits
    $0 + $8,633 related
    Filer's total
    $0 + $165,528 related

  • Ronald Gallo

    PRESIDENT & CEO

    Total calculated
    $385,160
    From this org
    $0
    From related orgs
    $373,838
    Other
    $11,322
    Hours/week
    5 + 45.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $373,838 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,963 related
    Nontaxable benefits
    $0 + $359 related
    Filer's total
    $0 + $385,160 related

  • Valerie Sickles

    CHIEF MARKETING OFFICER

    Total calculated
    $154,839
    From this org
    $0
    From related orgs
    $141,956
    Other
    $12,883
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,956 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,250 related
    Nontaxable benefits
    $0 + $8,633 related
    Filer's total
    $0 + $154,839 related

  • Alyssa Manning

    PRESIDENT OF FELIX E. MARTIN JR FDN

    Total calculated
    $181,985
    From this org
    $0
    From related orgs
    $168,627
    Other
    $13,358
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,627 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,119 related
    Nontaxable benefits
    $0 + $8,239 related
    Filer's total
    $0 + $181,985 related

  • Thomas Reynolds

    CONTROLLER

    Total calculated
    $118,610
    From this org
    $0
    From related orgs
    $106,867
    Other
    $11,743
    Hours/week
    5 + 40.1 related

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

  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE RELATED ORGANIZATION USES THE FOLLOWING TO ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE EXECUTIVE COMMITTEE AND THE BOARD
PART I, LINE 4A
RAMONA DALLUM RECEIVED A SEVERANCE PAYMENT OF $144,325.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
29 April 2026
IRS schema version
2024v5.5
Source object
202611259349302796

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

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