Form 990 for tax year 2023

Totals

Total revenue

$766,451

Total expenses

$200,680

Contributions and grants received

$612,812

Grants paid

$76,875

Program service revenue

$154,311

Investment income

$3,706

Other revenue

-$4,378

Total assets, end of year

$1,136,670

Total liabilities, end of year

$150,000

Net assets or fund balances, end of year

$986,670

Program services expenses (Part IX)

$200,680

Management and general expenses

$0

Fundraising expenses

$0

Program service expenses (Part III)

$200,680

Program services were 100.0% 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.

Mission and programs · 2023

• TO SUPPORT BLUE GRASS COMMUNITY FOUNDATION, INC.'S MISSION TO CREATE GENEROUS, VIBRANT AND ENGAGED COMMUNITIES THROUGHOUT CENTRAL AND APPALACHIA KENTUCKY, SPECIFICALLY IN SHARPSBURG AND BATH COUNTY, KENTUCKY. IN ADDITION, THE FOUNDATION'S ACTIVITIES WILL SUPPORT THE EXEMPT PURPOSES OF OTHER 501(C)(3) ORGANIZATIONS IN THESE AREAS. THESE ACTIVITIES WILL SERVE CHARITABLE PURPOSES, INCLUDING ECONOMIC DEVELOPMENT AND SUPPORTING YOUTH SERVICES, EACH OF WHICH SUPPORTS THE ECONOMICALLY DISADVANTAGED AND COMBATS COMMUNITY DETERIORATION. BY PERFORMING PROGRAMMING IN SHARPSBURG OR MAKING DONATIONS TO GOVERNMENT ENTITIES, THE FOUNDATION WILL PERFORM THE CHARITABLE ACT OF LESSENING THE BURDENS OF GOVERNMENT, WHICH IS PARTICULARLY BENEFICIAL IN SMALL TOWNS SUCH AS SHARPSBURG.FURTHERMORE, THE FOUNDATION'S ACTIVITIES SERVE AN EDUCATIONAL PURPOSE. THE FOUNDATION MAY MAKE GRANTS TO ORGANIZATIONS OR GOVERNMENT ENTITIES TO SUPPORT VARIOUS TYPES OF EDUCATION. ADDITIONALLY, THE FOUNDATION MAY FUND SCHOLARSHIPS TO DESERVING HIGH SCHOOL GRADUATES OF BATH COUNTY HIGH SCHOOL TO PURSUE FURTHER EDUCATION.

  Expenses $200,680 · Grants $76,875 · Revenue $149,933

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• UNIVERSITY OF KENTUCKY RESEARCH FOUNDATION

  $20,797

  TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

• CITY OF SHARPSBURG

  $14,375

  TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

• GATEWAY REGIONAL ARTS CENTER

  $10,150

  TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

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.

• BLUE GRASS COMMUNITY FOUNDATION INC

  501(C)(3) · TO SUPPORT BGCF'S MISSION · KY

Provenance

Return type

form_990

Tax year

2023

Filed

23 March 2025

IRS schema version

2023v6.0

Source object

202501269349302880

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