Louisville Bar Foundation Inc Endowment Fund
- Assets
- $4.0m
- Revenue
- $352.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 11/1982
- Data as of
- 12/2021
- EIN
- 31-1040473
Organization Overview
Louisville Bar Foundation Inc Endowment Fund is located in Louisville, KY. The organization was established in 1982. According to its NTEE Classification (I12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisville Bar Foundation Inc Endowment Fund 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 12/2021, Louisville Bar Foundation Inc Endowment Fund generated $352.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $207.7k during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Louisville Bar Foundation Inc Endowment Fund has awarded 19 individual grants totaling $194,816. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AND DISTRIBUTE FUNDS IN THE FORM OF GRANTS TO NOT-FOR-PROFIT ORGANIZATIONS IN THE LOUISVILLE AREA THAT PROVIDE LEGAL SERVICES TO THE POOR AND DISADVANTAGED, CONDUCT PROGRAMS TO EDUCATE CITIZENS ABOUT THE LAW, AND SUPPORT IMPROVEMENTS AND ACCESS TO THE JUSTICE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGAL AID SOCIETY - COVID 19: JUSTICE IN ACTION - JUSTICE IN ACTION PROGRAM IS LEGAL AID SOCIETY'S CONTINUING RESPONSE TO THE COVID 19 PANDEMIC BY SERVING INDIVIDUALS AND FAMILIES DIRECTLY IMPACTED IN THE ECONOMIC AFTERMATH OF THE VIRUS. LEGAL AID WILL PROVIDE DIRECT LEGAL ASSISTANCE TO LOW-INCOME FAMILIES ON ISSUES SUCH AS EVICTION, UNEMPLOYMENT AND GOVERNMENT BENEFIT DENIALS, TAX WAGE GARNISHMENTS, AND THE FAMILY LAW ISSUES. LBF FUNDS WILL SUPPORT LEGAL AID AS IT MEETS THE DRAMATIC INCREASE IN THE NUMBER OF INDIVIDUALS ELIGIBLE FOR ITS SERVICES AND IN REQUESTS FOR ASSISTANCE.
ELDERSERVE - CRIME VICTIM SERVICES: WITH A MISSION TO EMPOWER OLDER ADULTS TO LIVE INDEPENDENTLY AND WITH DIGNITY, ELDERSERVE OFFERS A VARIETY OF PROGRAMS, INCLUDING CRIME VICTIMS SERVICES WHICH IS DESIGNED TO REDUCE THE BARRIERS TO ACCESSING THE JUSTICE SYSTEM BY OLDER CRIME VICTIMS. ADVOCATES SUPPORT THE VICTIMS IN CRIMINAL COURT, FAMILY COURT AND GUARDIANSHIP COURT. ADVOCATES ALSO ASSIST VICTIMS OF DOMESTIC VIOLENCE IN FILING FOR EMERGENCY PROTECTIVE ORDERS. THE FUNDS WILL BE USED TO PROVIDE TRANSPORTATION TO AND FROM COURT, FOR PROGRAM SUPPLIES, AND OTHER ESSENTIALS.
CATHOLIC CHARITIES OF LOUISVILLE - FEE WAIVER PROGRAM: CATHOLIC CHARITES IMMIGRATION LEGAL SERVICES HELPS LOW-INCOME REFUGEES AND IMMIGRANTS LIVING IN KENTUCKY OBTAIN LEGAL ASSISTANCE. THE LBF GRANT WILL ALLOW REFUGEES AND IMMIGRANTS SOLVE IMMIGRATION AND/OR EMPLOYMENT STATUS ISSUES SO TO ACHIEVE OR MAINTAIN FINANCIAL STABILITY AND ECONOMIC INDEPENDENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Mccorkle Buckler Past President | OfficerTrustee | 1 | $0 |
John C Selent President | OfficerTrustee | 1 | $0 |
Gretchen C Avery Vice President & Treasurer | OfficerTrustee | 1 | $0 |
Charles H Stopher Secretary | OfficerTrustee | 1 | $0 |
Philip C Eschels President-Elect | OfficerTrustee | 1 | $0 |
Jeffrey A Been Executive Director | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,205 |
| Total Program Service Revenue | $0 |
| Investment income | $49,676 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $190,454 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $648 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $351,983 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $173,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $325 |
| Insurance | $0 |
| All other expenses | $32,460 |
| Total functional expenses | $207,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,653 |
| Savings and temporary cash investments | $47,900 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,833 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | -$3,192 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,910,021 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,044,215 |
| Accounts payable and accrued expenses | $9,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,000 |
| Net assets without donor restrictions | $4,016,715 |
| Net assets with donor restrictions | $18,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,044,215 |
Grants Awarded
Over the last fiscal year, Louisville Bar Foundation Inc Endowment Fund has awarded $89,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Louisville, KY PURPOSE: Immigration Legal Services - Kentucky Refugee Ministries provides legal services to immigrants who have resettled in the Louisville area. Many of these immigrants need to file applications with U.S. Citizenship and Immigration Services for permanent residence status or to petition for asylum. The LBF grant will provide partial fee subsidies for immigrants who cannot afford to pay the entire cost of preparing and filing these documents. | $11,000 |
Louisville, KY PURPOSE: Advocacy Academy - CASA provides advocacy services to children with active cases in Family Court. To increase the number of volunteer advocates, CASA must continually train and provide continuing education. The LBF grant will support CASA's "Advocacy Academy" program and increase its number of trainings to boost volunteers' advocacy skillset and the understanding of interrelated child welfare, justice and medical systems. | $10,000 |
Louisville, KY PURPOSE: Legal Outreach and Clinic Services - In additional to the numerous social, nutritional, and cultural programs La Casita Center provides in the Latino immigrant community, it specifically conducts outreach to Latina women and families in need of legal services. Through its targeted outreach and legal clinics, participants receive help on understanding the legal system, immigration issues, family law matters and other legal problems. LBF funds will support the Center's targeted outreach to the Latino community and the development of a pro bono attorney panel to assist program participants in understanding legal problems and how to resolve them. | $10,000 |
Lexington, KY PURPOSE: Outreach for Renter Empowerment - As a poverty law research and advocacy center, Kentucky Equal Justice Center (KEJC) works with the regional legal aid programs and community partners to promote equal access to justice for all Kentuckians. KEJC will collaborate with Louisville community partners in educating recent immigrants and refugees on tenant rights and accessing benefits available to them under state and federal law. | $10,000 |
Bowling Green, KY PURPOSE: Scholarships and Programming Support - The KLEO program is a summer preparatory program designed to prepare first year law students for the rigors of law school. It focuses on students who are economically disadvantaged and come from populations that are underrepresented in the Kentucky Bar. KLEO scholars are taught the special study skills and strategies they will need to succeed in law school. LBF grant funds will provide programming support and student scholarships for up to five students in Jefferson County. | $10,000 |
Louisville, KY PURPOSE: The Summer Law Institute is a partnership of the LBA, the University of Louisville Brandeis School of Law and Bellarmine University. The program provides high school students with an opportunity to interact with prominent local attorneys, judges and professors. It is designed to attract talented, ambitious students who are interested in a career in the legal profession. The LBF grant monies will cover a portion of the direct costs of the program, thereby keeping the tuition affordable. | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Louisville Bar Foundation Inc Endowment Fund has recieved totaling $5,400.
| Awarding Organization | Amount |
|---|---|
The Community Foundatio Of Louisville Depository Inc Louisville, KY PURPOSE: I12 FUNDRAISING AND/OR FUND DISTRIBUTION | $5,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Bar Foundation Indianapolis, IN | $10,665,424 | $4,352,887 |
Ohio State Bar Foundation Columbus, OH | $58,293,469 | $3,008,399 |
Tennessee Bar Foundation Nashville, TN | $11,655,415 | $1,860,355 |
National Center For Police Defense Inc Fairfax, VA | $156,728 | $1,250,517 |
Fund For Justice Chicago, IL | $192,097 | $497,287 |
Nashville Community Bail Fund Nashville, TN | $1,312,348 | $309,922 |
Indianapolis Bar Foundation Inc Indianapolis, IN | $2,449,471 | $447,937 |
Greater Richmond Bar Foundation Richmond, VA | $304,120 | $287,963 |
Louisville Bar Foundation Inc Endowment Fund Louisville, KY | $4,044,215 | $351,983 |
Lake Forest Police Foundation Lake Forest, IL | $90,697 | $0 |
West Virginia Bar Foundation Inc Charleston, WV | $1,015,877 | $112,260 |
Tennessee Fraternal Order Of Police Charitable Foundation Clarksville, TN | $172,171 | $137,152 |