Kentucky Executive Mansions Foundation Inc
- Assets
- $1.6m
- Revenue
- $134.3k
- Investments
- $1.5m
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 12/2002
- Data as of
- 06/2022
- EIN
- 03-0490004
Organization Overview
Kentucky Executive Mansions Foundation Inc is located in Lexington, KY. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Executive Mansions Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Kentucky Executive Mansions Foundation Inc generated $134.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $44.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO UNDERTAKE, SUPPORT, PROMOTE, FOSTER, AND ASSIST, FINANCIALLY AND OTHERWISE THE MODIFICATION TO INCREASE ENVIRONMENTAL EFFICIENCY AND SUSTAINABILITY, THE RESTORATION, THE MAINTENANCE, AND THE PRESERVATION OF KENTUCKY'S EXECUTIVE MANSION, KENTUCKY'S OLD GOVERNOR'S MANSION AND, IN THE DISCRETION OF THE CORPORATION'S BOARD OF DIRECTORS AND AS AVAILABLE RESOURCES PERMIT, OTHER PUBLIC BUILDINGS, SITES, STRUCTURES, PLACES AND OBJECTS OF HISTORIC SIGNIFICANCE OWNED BY THE COMMONWEALTH OF KENTUCKY AND ARTIFACTS ASSOCIATED THEREWITH, AND ALL ACTIVITIES RELATED OR INCIDENTAL THERETO.
TO UNDERTAKE, SUPPORT, PROMOTE, FOSTER AND ASSIST, FINANCIALLY AND OTHERWISE, THE ACQUISITION, RESTORATION, MAINTENANCE, OR PRESERVATION OF APPROPRIATE WORKS OF ART, FURNISHINGS, AND DECORATIVE ARTS FOR THE EXCLUSIVE BENEFIT OF KENTUCKY'S EXECUTIVE MANSION AND KENTUCKY'S OLD GOVERNOR'S MANSION.
TO SUPPORT, PROMOTE, FOSTER AND ASSIST KENTUCKY'S HISTORIC PROPERTIES ADVISORY COMMISSION.
TO EDUCATE THE PUBLIC ABOUT AND PROMOTE AN APPRECIATION FOR THE HISTORIC SITES, BUILDINGS, STRUCTURES, PLACES, OBJECTS AND ARTIFACTS ASSOCIATED WITH THE FOREGOING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Britainy Beshear President | 1 | $0 | |
M Melinda Karns Secretary & Treasurer | 1 | $0 | |
Stephen Collins Director | 1 | $0 | |
Brookes Pope Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,224 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,485 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $96,574 |
| Capital Gain Net Income | $96,574 |
| Net ST Capital Gain | $6,283 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $134,283 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,001 |
| Total operating and administrative expenses | $44,345 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $44,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,441 |
| Savings and temporary cash investments | $61,095 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $1,400 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,459,491 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,627,427 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |