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Nonprofiteer
← CAESARS FOUNDATION OF FLOYD COUNTY INC

Form 990 for tax year 2024

Filed by CAESARS FOUNDATION OF FLOYD COUNTY INC.

Totals

Total revenue
$3,983,343
Total expenses
$2,347,825
Contributions and grants received
$2,464,651
Grants paid
$1,851,104
Program service revenue
$0
Investment income
$1,517,192
Other revenue
$1,500
Total assets, end of year
$44,201,512
Total liabilities, end of year
$3,647,363
Net assets or fund balances, end of year
$40,554,149
Program services expenses (Part IX)
$2,167,930
Management and general expenses
$179,895
Fundraising expenses
$0
Program service expenses (Part III)
$2,167,930

Program services were 92.3% 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

    $2,464,651

  • 3 · Investment income

    total $1,039,313 · related or exempt $1,039,313

  • 7a · Gross sales of assets other than inventory

    securities $13,946,983

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

    securities $13,468,288 · other assets $816

  • 7c · Gain or loss

    securities $478,695 · other assets -$816

  • 7d · Net gain or loss

    total $477,879 · related or exempt $478,695 · excluded -$816

  • 11a · Other revenue: RECOVERY OF UNCOLLECT. LOANS

    total $1,500 · related or exempt $1,500

  • 11e · Other revenue, total

    $1,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,336,854 · program services $1,336,854

  • 2 · Grants to domestic individuals

    total $514,250 · program services $514,250

  • 5 · Compensation of officers, directors and key employees

    total $130,695 · program services $65,348 · management and general $65,347

  • 7 · Other salaries and wages

    total $97,490 · program services $48,745 · management and general $48,745

  • 8 · Pension plan contributions

    total $1,067 · program services $533 · management and general $534

  • 10 · Payroll taxes

    total $16,694 · program services $8,347 · management and general $8,347

  • 11a · Fees: management

    total $10,000 · program services $5,000 · management and general $5,000

  • 11c · Fees: accounting

    total $12,586 · program services $6,293 · management and general $6,293

  • 11f · Fees: investment management

    total $136,932 · program services $136,932

  • 11g · Fees: other

    total $5,830 · program services $2,915 · management and general $2,915

  • 12 · Advertising and promotion

    total $48,358 · program services $24,179 · management and general $24,179

  • 13 · Office expenses

    total $24,201 · program services $12,100 · management and general $12,101

  • 17 · Travel

    total $96 · program services $48 · management and general $48

  • 19 · Conferences, conventions and meetings

    total $8,764 · program services $4,382 · management and general $4,382

  • 22 · Depreciation, depletion and amortization

    total $1,732 · program services $866 · management and general $866

  • 23 · Insurance

    total $2,276 · program services $1,138 · management and general $1,138

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,516,155 · end of year $1,313,166

  • 2 · Savings and temporary cash investments

    beginning of year $656,951 · end of year $697,245

  • 3 · Pledges and grants receivable

    beginning of year $495,026 · end of year $514,441

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

    $30,078

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

    $27,762

  • 10c · Land, buildings and equipment, net

    beginning of year $4,864 · end of year $2,316

  • 11 · Investments: publicly traded securities

    beginning of year $36,686,542 · end of year $40,922,432

  • 13 · Investments: program-related

    beginning of year $579,997 · end of year $751,912

  • 18 · Grants payable

    beginning of year $4,455,992 · end of year $3,647,363

  • 27 · Net assets without donor restrictions

    beginning of year $35,483,543 · end of year $40,554,149

Mission and programs · 2024

Mission

TO PROVIDE GRANTS TO SUPPORT NON PROFIT ORGANIZATIONS, SCHOOLS, AND GOVERNMENT AGENCIES IN NEW ALBANY AND FLOYD COUNTY, INDIANA; TO PROVIDE SCHOLARSHIPS FOR POST SECONDARY EDUCATION TO DESERVING STUDENTS WHO LIVE WITHIN THE COUNTY AND WHO DESIRE TO PURSUE A HIGHER EDUCATION; AND TO PROVIDE LOANS TO SMALL BUSINESSES.

Activities or mission (Part I)

TO BENEFIT THE RESIDENTS OF FLOYD COUNTY THROUGH GRANTS, SCHOLARSHIPS, AND SMALL BUSINESS LOANS.

  • GRANTS AND SCHOLARSHIPS PAID TO ORGANIZATIONS AND STUDENTS WITHIN FLOYD COUNTY.

    Expenses $2,167,930 · Grants $1,851,104 · Revenue $1,519,508

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

Listed in Part VII

  • Mayor Jeff Gahan

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Stefanie Griffith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Judy Hess

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brad Seigel

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jennie Collier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Renee Nadeau

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Al Knable

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dr Josh Kornberg

    EXECUTIVE DIRECTOR - THRU 10/11/24

    Total calculated
    $109,525
    From this org
    $101,108
    From related orgs
    $0
    Other
    $8,417
    Hours/week
    45

  • Tyler Bliss

    EXECUTIVE DIRECTOR - EFF. 11/11/24

    Total calculated
    $21,170
    From this org
    $19,635
    From related orgs
    $0
    Other
    $1,535
    Hours/week
    45

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
2024
Filed
23 July 2025
IRS schema version
2024v5.2
Source object
202512309349300046

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.