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Nonprofiteer
← HONORABLE ORDER OF KENTUCKY COLONELS INC

Form 990 for tax year 2023

Filed by HONORABLE ORDER OF KENTUCKY COLONELS INC.

Totals

Total revenue
$4,514,179
Total expenses
$6,777,993
Contributions and grants received
$3,018,826
Grants paid
$4,851,746
Program service revenue
$148,639
Investment income
$1,267,491
Other revenue
$79,223
Total assets, end of year
$22,603,376
Total liabilities, end of year
$605,783
Net assets or fund balances, end of year
$21,997,593
Program services expenses (Part IX)
$5,020,227
Management and general expenses
$624,113
Fundraising expenses
$1,133,653
Program service expenses (Part III)
$5,020,227

Program services were 74.1% 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

    $3,018,826

  • 2a · Program service revenue: EVENT REVENUE

    total $148,639 · related or exempt $148,639

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $391,784 · excluded $391,784

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $7,780,888 · other assets $71,320

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

    securities $6,913,471 · other assets $63,030

  • 7c · Gain or loss

    securities $867,417 · other assets $8,290

  • 7d · Net gain or loss

    total $875,707 · excluded $875,707

  • 11a · Other revenue: LICENSE PLATE REVENUE

    total $58,607 · excluded $58,607

  • 11b · Other revenue: OTHER INCOME

    total $20,616 · excluded $20,616

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $79,223

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,851,746 · program services $4,851,746

  • 5 · Compensation of officers, directors and key employees

    total $272,878 · program services $50,806 · management and general $107,349 · fundraising $114,723

  • 7 · Other salaries and wages

    total $320,700 · program services $59,710 · management and general $126,161 · fundraising $134,829

  • 9 · Other employee benefits

    total $53,017 · program services $11,664 · management and general $20,473 · fundraising $20,880

  • 10 · Payroll taxes

    total $42,848 · program services $9,477 · management and general $14,719 · fundraising $18,652

  • 11b · Fees: legal

    total $155,642 · management and general $155,642

  • 11c · Fees: accounting

    total $22,365 · management and general $22,365

  • 11g · Fees: other

    total $12,284 · program services $0 · management and general $12,284 · fundraising $0

  • 12 · Advertising and promotion

    total $500,809 · program services $814 · management and general $2,208 · fundraising $497,787

  • 13 · Office expenses

    total $95,890 · program services $17,635 · management and general $17,546 · fundraising $60,709

  • 14 · Information technology

    total $30,073 · program services $1,805 · management and general $16,540 · fundraising $11,728

  • 16 · Occupancy

    total $30,739 · program services $3,539 · management and general $15,489 · fundraising $11,711

  • 17 · Travel

    total $18,273 · program services $6,091 · management and general $6,091 · fundraising $6,091

  • 20 · Interest

    total $24,615 · program services $1,477 · management and general $13,538 · fundraising $9,600

  • 22 · Depreciation, depletion and amortization

    total $50,564 · program services $3,103 · management and general $27,290 · fundraising $20,171

  • 23 · Insurance

    total $14,080 · program services $1,408 · management and general $7,040 · fundraising $5,632

  • 24a · Other expenses: EVENT EXPENSE

    total $172,183 · fundraising $172,183

  • 24b · Other expenses: CREDIT CARD COMMISSIONS

    total $38,793 · fundraising $38,793

  • 24c · Other expenses: SERVICE AGREEMENTS

    total $26,822 · management and general $19,515 · fundraising $7,307

  • 24d · Other expenses: PROFESSIONAL DEVELOPMENT

    total $15,426 · management and general $15,426

  • 24e · All other expenses

    total $28,246 · program services $952 · management and general $24,437 · fundraising $2,857

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,959,034 · end of year $505,523

  • 2 · Savings and temporary cash investments

    beginning of year $992,162 · end of year $522,856

  • 4 · Accounts receivable

    beginning of year $109,131 · end of year $103,263

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $5,552 · end of year $20,792

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,960 · end of year $25,301

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

    $1,294,823

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

    $230,278

  • 10c · Land, buildings and equipment, net

    beginning of year $1,105,609 · end of year $1,064,545

  • 11 · Investments: publicly traded securities

    beginning of year $17,982,538 · end of year $19,640,192

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $638,309 · end of year $720,904

  • 17 · Accounts payable and accrued expenses

    beginning of year $101,852 · end of year $27,267

  • 18 · Grants payable

    beginning of year $78,771 · end of year $65,979

  • 19 · Deferred revenue

    end of year $2,400

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $531,301 · end of year $510,137

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $19,990,984 · end of year $21,275,082

  • 28 · Net assets with donor restrictions

    beginning of year $2,131,387 · end of year $722,511

Mission and programs · 2023

Mission

THE HONORABLE ORDER OF KENTUCKY COLONELS, INC. GRANTS MONEY TO 501(C)(3) ENTITIES THAT DEMONSTRATE A NEED THAT OTHERWISE CANNOT BE MET AND THAT WILL ENHANCE OR EXTEND THEIR CHARITABLE OR EDUCATIONAL ACTIVITIES.

Activities or mission (Part I)

THE HONORABLE ORDER OF KENTUCKY COLONELS, INC. GRANTS MONEY TO 501(C)(3) OR OTHER EXEMPT ENTITIES.

  • THE HONORABLE ORDER OF KENTUCKY COLONELS, INC (HOKC) GRANTS MONEY TO 501(C)(3) ENTITIES THAT DEMONSTRATE FISCAL RESPONSIBILITY AND THE MISSION TO STRENGTHEN THE LIVES OF KENTUCKIANS OR TO HIGHLIGHT AND ENHANCE THE CULTURE OF THE COMMONWEALTH. THE ORGANIZATION FOCUSES ON KENTUCKY CHARITIES AND CONDUCTS A "GOOD WORKS PROGRAM" THAT FOCUSES ITS LARGE GRANT-MAKING ACTIVITIES ON CHARITABLE ORGANIZATIONS OPERATING IN KENTUCKY. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. IT RECEIVES HUNDREDS OF GRANT APPLICATIONS ANNUALLY AND THROUGH A CAREFUL WINNOWING AND VETTING PROCESS, SEEKS TO ENSURE THAT ITS CONTRIBUTIONS ARE ALLOCATED IN A DEDICATED AND REASONABLE WAY. THE ORGANIZATION ALSO HAS AN ONGOING EMERGENCY GRANT PROCESS FOR KENTUCKY NONPROFITS AND ALSO RAISES AND DISTRIBUTES FUNDS TO PROVIDE DISASTER RELIEF. IN 2023, HOKC GRANTED $4,851,746 TO 239 ORGANIZATIONS WHO SERVED 3.8 MILLION INDIVIDUALS IN THE STATE OF KENTUCKY. SINCE HOKC BEGAN AS A 501(C)(3)ORGANIZATION, CLOSE TO $58 MILLION DOLLARS HAS BEEN AWARDED.

    Expenses $5,020,227 · Grants $4,851,746 · Revenue $148,639

As filed on the 2023 return.

Listed in Part VII

  • Alex Lyttle

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Gary Boschert

    COMMANDING GENERAL

    Total calculated
    $0
    Hours/week
    0.5

  • Nick Ising

    ADJUTANT GENERAL

    Total calculated
    $0
    Hours/week
    0.5

  • Tad Myre

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Riendeau

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Deborah Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Fred Minnick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Hal Sullivan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff Kennedy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff Paquin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jim Rogers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kim Leanhart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Lynn Ashton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Maria Braman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Mary Vitale

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Molly Sutherland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Rick Hobgood

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Wade Conner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Gerard Kauffmann

    DIRECTOR OF FINANCE

    Total calculated
    $77,759
    From this org
    $77,759
    From related orgs
    $0
    Other
    $0
    Hours/week
    17

  • Sherry Crose

    EXECUTIVE DIRECTOR

    Total calculated
    $195,119
    From this org
    $195,119
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,005
    Bonus
    $0
    Other
    $4,114
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $195,119

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

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • KENTUCKY COLONELS COLLECTIBLES INC

    C Corporation · NOVELTY · KY · 100% owned · share of income $23,696 · share of assets $27,626 · controlled entity

    Directly controlled by HOKC

  • CHARITABLE LEAD TRUST

    Trust · INVESTMENT · KY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
9 October 2024
IRS schema version
2023v5.1
Source object
202412839349301231

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