Form 990 for tax year 2024
Filed by KENTUCKY FINANCIAL EMPOWERMENT FOUNDATION INCORPORATED.
Totals
- Total revenue
- $112,923
- Total expenses
- $342,108
- Contributions and grants received
- $110,881
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $2,042
- Other revenue
- $0
- Total assets, end of year
- $238,099
- Total liabilities, end of year
- $36,787
- Net assets or fund balances, end of year
- $201,312
- Program services expenses (Part IX)
- $311,103
- Management and general expenses
- $30,893
- Fundraising expenses
- $112
- Program service expenses (Part III)
- $311,103
Program services were 90.9% 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.
-
1f · All other contributions, gifts and grants
$110,881
-
3 · Investment income
total $2,042 · unrelated business $2,042
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $125,000 · program services $125,000
-
7 · Other salaries and wages
total $114,292 · program services $114,292
-
9 · Other employee benefits
total $27,219 · program services $27,219
-
10 · Payroll taxes
total $19,585 · program services $19,585
-
11c · Fees: accounting
total $27,556 · management and general $27,556
-
11g · Fees: other
total $2,070 · management and general $2,070
-
12 · Advertising and promotion
total $112 · fundraising $112
-
13 · Office expenses
total $271 · management and general $271
-
17 · Travel
total $21,260 · program services $21,260
-
24a · Other expenses: PROGRAMS
total $3,747 · program services $3,747
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $996 · management and general $996
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $451,652 · end of year $238,099
-
17 · Accounts payable and accrued expenses
end of year $10,800
-
25 · Other liabilities
beginning of year $0 · end of year $25,987
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $451,652 · end of year $201,312
Mission and programs · 2024
Mission
THE KENTUCKY FINANCIAL EMPOWERMENT FOUNDATION WAS FORMED TO PROVIDE FINANCIAL LITERACY AND EMPOWERMENT INSTRUCTION AND SERVICES TO A WIDE RANGE OF INDIVIDUALS, INCLUDING K-12 STUDENTS, VETERANS, LOW-INCOME KENTUCKIANS AND AGING KENTUCKIANS.
Activities or mission (Part I)
THE KFEC WAS FORMED TO PROVIDE FINANCIAL LITERACY AND EMPOWERMENT INSTRUCTION AND SERVICES TO A WIDE RANGE OF INDIVIDUALS, INCLUDING K-12 STUDENTS, VETERANS, LOW-INCOME KENTUCKIANS AND AGING KENTUCKIANS.
-
ASSIST LOCAL SCHOOL BOARDS IN OBTAINING FINANCIAL LITERACY SOFTWARE OR PRESENTERS.
Expenses $311,103
As filed on the 2024 return.
Listed in Part VII
-
Abdullah Al-BahraniABDULLAH AL-BAHRANI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Mark MetcalfMARK METCALF
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 3
-
Jim KaschJIM KASCH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Dr Beth HargisDR BETH HARGIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Dr Laurel MartinDR LAUREL MARTIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
David SandlinDAVID SANDLIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
April PerryAPRIL PERRY
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Marni GibsonMARNI GIBSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Seema ShethSEEMA SHETH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Edward KingEDWARD KING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Jennifer InmanJENNIFER INMAN
EXECUTIVE DIRECTOR
- Total calculated
- $125,000
- From this org
- $125,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
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KENTUCKY FINANCIAL EMPOWERMENT COMMISSION
KY · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533179349308033
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