Form 990 for tax year 2023
Filed by COMMUNITY FOUNDATION OF WEST KENTUCKY INC.
Totals
- Total revenue
- $9,506,220
- Total expenses
- $9,571,641
- Contributions and grants received
- $7,876,570
- Grants paid
- $8,469,136
- Program service revenue
- $0
- Investment income
- $1,627,858
- Other revenue
- $1,792
- Total assets, end of year
- $47,682,390
- Total liabilities, end of year
- $6,144,165
- Net assets or fund balances, end of year
- $41,538,225
- Program services expenses (Part IX)
- $9,078,487
- Management and general expenses
- $406,976
- Fundraising expenses
- $86,178
- Program service expenses (Part III)
- $9,078,487
Program services were 94.8% 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
$7,876,570
-
1g · Noncash contributions included above
$234,162
-
3 · Investment income
total $1,145,465 · excluded $1,145,465
-
7a · Gross sales of assets other than inventory
securities $2,130,851 · other assets $497,271
-
7b · Less cost or other basis and sales expenses
securities $2,145,729
-
7c · Gain or loss
securities -$14,878 · other assets $497,271
-
7d · Net gain or loss
total $482,393 · related or exempt $482,393
-
11a · Other revenue: MISC
total $1,105 · related or exempt $1,105
-
11b · Other revenue: COAL ROYALTIES
total $687 · related or exempt $687
-
11e · Other revenue, total
$1,792
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $8,296,934 · program services $8,296,934
-
2 · Grants to domestic individuals
total $172,202 · program services $172,202
-
5 · Compensation of officers, directors and key employees
total $143,445 · management and general $93,239 · fundraising $50,206
-
7 · Other salaries and wages
total $230,339 · management and general $230,339
-
10 · Payroll taxes
total $31,789 · management and general $20,663 · fundraising $11,126
-
11c · Fees: accounting
total $7,808 · program services $7,808
-
11f · Fees: investment management
total $159,751 · program services $159,751
-
12 · Advertising and promotion
total $20,331 · fundraising $20,331
-
13 · Office expenses
total $7,517 · management and general $7,517
-
14 · Information technology
total $8,861 · management and general $8,861
-
16 · Occupancy
total $8,372 · management and general $8,372
-
17 · Travel
total $4,515 · fundraising $4,515
-
19 · Conferences, conventions and meetings
total $31,840 · management and general $31,840
-
22 · Depreciation, depletion and amortization
total $26,509 · program services $26,509
-
23 · Insurance
total $6,145 · management and general $6,145
-
24a · Other expenses: PROJECT EXP
total $181,000 · program services $181,000
-
24b · Other expenses: CONTRACT LABOR
total $159,043 · program services $159,043
-
24c · Other expenses: COMPUTER SUPPORT
total $53,483 · program services $53,483
-
24d · Other expenses: OTHER EXPENSES
total $13,881 · program services $13,881
-
24e · All other expenses
total $7,876 · program services $7,876
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,478,289 · end of year $8,638,919
-
2 · Savings and temporary cash investments
beginning of year $2,782,166 · end of year $3,764,360
-
3 · Pledges and grants receivable
beginning of year $1,825 · end of year $673
-
4 · Accounts receivable
end of year $2,695
-
9 · Prepaid expenses and deferred charges
end of year $7,296
-
10a · Land, buildings and equipment: cost or other basis
$163,626
-
10b · Land, buildings and equipment: accumulated depreciation
$64,249
-
10c · Land, buildings and equipment, net
beginning of year $5,886 · end of year $99,377
-
11 · Investments: publicly traded securities
beginning of year $31,130,360 · end of year $35,103,642
-
15 · Other assets
beginning of year $38,630 · end of year $65,428
-
17 · Accounts payable and accrued expenses
beginning of year $8,126 · end of year $6,688
-
21 · Escrow or custodial account liability
beginning of year $6,063,574 · end of year $6,101,083
-
25 · Other liabilities
beginning of year $32,394 · end of year $36,394
-
27 · Net assets without donor restrictions
beginning of year $34,201 · end of year $1,294,869
-
28 · Net assets with donor restrictions
beginning of year $38,298,861 · end of year $40,243,356
Mission and programs · 2023
Mission
TO PROMOTE PHILANTHROPY AND PROVIDE GRANTS TO CHARITABLE, RELIGIOUS, EDUCATIONAL AND COMMUNITY PROGRAMS AND ORGANIZATIONS.
-
THE ORGANIZATION PROMOTES THE ARTS IN ITS REGION THROUGH GRANTS TO PROGRAMS AND ORGANIZATIONS RELATED TO ARTS AND ENTERTAINMENT. OTHER AREAS SUPPORTED BY THE ORGANIZATION ARE MUSEUMS AND RELATED ORGANIZATIONS WHICH PROMOTE THE CIVIC WELFARE OF THE COMMUNITIES IN THE REGION SERVICED BY THE ORGANIZATION.
Expenses $207,752 · Grants $207,752
-
SOCIAL SERVICES, HOUSING AND EDUCATION HAVE BEEN THE FOCUS OF MUCH OF THE PROGRAM GRANTS FROM THE ORGANIZATION. BENEFITS SUPPORTED BY THE ORGANIZATION INCLUDING PROVIDING SHELTER, FOOD, PREGNANCY COUNSELING AND TRAINING FOR THE HANDICAPPED. OTHER GRANTS WERE PROVIDED TO INSTITUTIONS ENGAGED IN THE EDUCATION OF THE COMMUNITY.
Expenses $1,883,375 · Grants $1,883,375
-
THR ORGANIZATION SUPPORTS VARIOUS RELIGIOUS ACTIVITIES IN THE REGION BY PROVIDING FUNDING TO ASSIST IN THE PROMOTION OF RELIGIOUS PROGRAMS.
Expenses $298,092 · Grants $298,092
-
THE AREA EXPERIENCED A TORNADO DECEMBER 10, 2021 WHICH PRODUCED CATASTROHPHIC DAMAGE THROUGHOUT THE AREA. THIS BECAME KNOWN AS THE 2021 TORNADO FEMA DISASTER DR-4630-KY. THE ORGANIZATION PARTICIPATED IN MANAGING DONATED FUNDS AND ASSISTING THE AREA IN ITS RECOVERY EFFORTS.
Expenses $6,689,268 · Grants $6,079,917
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Christina DockinsCHRISTINA DOCKINS
INTERIM CEO
- Total calculated
- $122,275
- From this org
- $122,275
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Terry BunnellTERRY BUNNELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joe FramptonJOE FRAMPTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Susan GuessSUSAN GUESS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gary HoustonGARY HOUSTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Harold HurtHAROLD HURT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Angie JacksonANGIE JACKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
J Ronald JacksonJ RONALD JACKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rick LeeperRICK LEEPER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jason SienerJASON SIENER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark WeaverMARK WEAVER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ken WheelerKEN WHEELER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark WhitlowMARK WHITLOW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark HequembourgMARK HEQUEMBOURG
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Angie JacksonANGIE JACKSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Scott PowellSCOTT POWELL
VICE PRESIDE
- 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
-
VARIOUS SOCIAL SERVICES
$1,883,375
-
VARIOUS TORNADO & OTHER
$1,408,478
-
PADUCAH PUBLIC SCHOOLS
$531,890
-
HOPKINS CO LTRG
$428,229
TORNADO RECOVERY
-
SOUTHSIDE BAPTIST CHURCH
$376,459
-
BRIENSBURG BAPTIST CHURCH
$360,738
TORNADO RECOVERY
-
CASCADE RELIEF TEAM
$326,000
-
VARIOUS RELIGIOUS
$298,092
-
NATIONAL TRUST FOR HISTORIC PRESERV
$219,000
-
PADUCAH BOARD OF EDUCATION
$214,278
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202433209349318368
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.