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Nonprofiteer
← COMMUNITY FOUNDATION OF SOUTH CENTRAL KENTUCKY INC

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION OF SOUTH CENTRAL KENTUCKY INC.

Totals

Total revenue
$3,535,725
Total expenses
$2,610,840
Contributions and grants received
$2,708,062
Grants paid
$1,470,684
Program service revenue
$173,055
Investment income
$626,873
Other revenue
$27,735
Total assets, end of year
$22,139,217
Total liabilities, end of year
$4,277,609
Net assets or fund balances, end of year
$17,861,608
Program services expenses (Part IX)
$2,456,129
Management and general expenses
$137,180
Fundraising expenses
$17,531
Program service expenses (Part III)
$2,456,129

Program services were 94.1% 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

    $2,708,062

  • 1g · Noncash contributions included above

    $472,788

  • 2a · Program service revenue: FEE INCOME

    total $173,055 · excluded $173,055

  • 3 · Investment income

    total $589,898 · related or exempt $589,898

  • 7a · Gross sales of assets other than inventory

    other assets $36,975

  • 7c · Gain or loss

    other assets $36,975

  • 7d · Net gain or loss

    total $36,975 · related or exempt $36,975

  • 8a · Fundraising events: gross income

    $27,735

  • 8c · Net income from fundraising events

    total $27,735

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,470,684 · program services $1,470,684

  • 5 · Compensation of officers, directors and key employees

    total $68,000 · program services $68,000

  • 7 · Other salaries and wages

    total $53,202 · management and general $53,202

  • 11a · Fees: management

    total $173,965 · program services $173,965

  • 11c · Fees: accounting

    total $16,623 · management and general $16,623

  • 11g · Fees: other

    total $54,932 · program services $32,402 · management and general $4,999 · fundraising $17,531

  • 12 · Advertising and promotion

    total $1,656 · program services $106 · management and general $1,550

  • 13 · Office expenses

    total $8,133 · program services $41 · management and general $8,092

  • 14 · Information technology

    total $23,596 · program services $53 · management and general $23,543

  • 16 · Occupancy

    total $20,455 · management and general $20,455

  • 17 · Travel

    total $2,654 · management and general $2,654

  • 19 · Conferences, conventions and meetings

    total $3,241 · management and general $3,241

  • 23 · Insurance

    total $2,821 · management and general $2,821

  • 24a · Other expenses: GRANTS UNDER 5,000

    total $543,868 · program services $543,868

  • 24b · Other expenses: LEGION FUND EXPENSES

    total $127,397 · program services $127,397

  • 24c · Other expenses: WOMEN'S FUND EXPENSES

    total $23,280 · program services $23,280

  • 24d · Other expenses: DISASTER RECOVERY EXPENSE

    total $16,333 · program services $16,333

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $289,337 · end of year $489,917

  • 2 · Savings and temporary cash investments

    beginning of year $6,744,829 · end of year $8,553,224

  • 4 · Accounts receivable

    end of year $1,689

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

    $17,364

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

    $11,058

  • 10c · Land, buildings and equipment, net

    beginning of year $6,306 · end of year $6,306

  • 11 · Investments: publicly traded securities

    beginning of year $11,336,481 · end of year $13,088,081

  • 15 · Other assets

    beginning of year $11,161

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,414 · end of year $7,957

  • 21 · Escrow or custodial account liability

    beginning of year $3,529,418 · end of year $4,269,652

  • 27 · Net assets without donor restrictions

    beginning of year $465,094 · end of year $1,609,380

  • 28 · Net assets with donor restrictions

    beginning of year $14,391,188 · end of year $16,252,228

Mission and programs · 2023

Mission

THE COMMUNITY FOUNDATION IS A COLLECTION OF INDIVIDUAL FUNDS AND RESOURCES GIVEN BY LOCAL CITIZENS TO ENHANCE AND SUPPORT THE QUALITY OF LIFE IN OUR COMMUNITY.

  • THE FOUNDATION MEETS THE NEEDS OF THE COMMUNITY THROUGH GRANT MAKING IN EDUCATION, HEALTH, HUMAN SERVICES, ARTS, PUBLIC RECREATION, AND BEAUTIFICATION.

    Expenses $2,456,129 · Grants $1,470,684 · Revenue $173,055

As filed on the 2023 return.

Listed in Part VII

  • Jennifer Wethington

    EXECUTIVE DI

    Total calculated
    $68,000
    From this org
    $68,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Heather Brooks

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Nicole Payton

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mary Vitale

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Patrick Coleman

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mike Cowles

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wells Gunn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Martha Sales

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kevin Simpson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Craig Stahl

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bud Strickler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ben Tomblinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steven Wheeler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matthew Cook

    BOARD MEMBER

    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

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
202423209349321472

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

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