Cave Research Foundation Inc
- Assets
- $1.4m
- Revenue
- $117.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Cave City, KY
- Founding
- 11/1947
- Data as of
- 09/2022
- EIN
- 31-6052842
Organization Overview
Cave Research Foundation Inc is located in Cave City, KY. The organization was established in 1947. According to its NTEE Classification (U11) the organization is classified as: Single Organization Support, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cave Research 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 09/2022, Cave Research Foundation Inc generated $117.1k 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 (13.1%) each year. All expenses for the organization totaled $202.4k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FACILITATE AND SUPPORT RESEARCH, MANAGEMENT, AND INTERPRETATION OF CAVES AND KARST RESOURCES IN THE UNITED STATES AND OVERSEAS; PROMOTE THE LONG-TERM CONSERVATION OF CAVES AND KARST ECOSYSTEMS; EXPLORE, SURVEY, AND DOCUMENT ALL ASPECTS OF THE UNDERGROUND ENVIRONMENT; ASSIST GOVERNMENT AGENCIES AND PRIVATE LANDOWNERS WITH MANAGEMENT AND PROTECTION OF CAVES ON THEIR LAND; EDUCATE THE PUBLIC ABOUT THE NATURE OF CAVES AND KARST ECOSYSTEMS AND THE REASONS FOR PROTECTING THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAVE AND KARST RESEARCH, MANAGEMENT, AND CARTOGRAPHY: THE PRIMARY FOCUS OF THE FOUNDATION IS ASSISTING GOVERNMENT LAND MANAGERS WHO ARE RESPONSIBLE FOR CAVE AND KARST AREAS. SUPPORT INCLUDES INVENTORYING CAVES AND KARST FEATURES, DEVELOPING MANAGEMENT PLANS TO PROTECT THESE UNIQUE RESOURCES, CONSTRUCTING PROTECTIVE GATES ON SENSITIVE CAVES, PERFORMING BIOLOGICAL AND OTHER INVENTORIES IN THE CAVES, AND SYSTEMATICALLY MAPPING THE CAVES. COOPERATIVE AGREEMENTS ARE IN PLACE WITH THE MAMMOTH CAVE NATIONAL PARK, CARLSBAD CAVERNS NP, BUFFALO NATIONAL RIVER, MARK TWAIN NATIONAL FOREST, LAVA BEDS NATIONAL MONUMENT, SEQUOIA-KINGS CANYON NP, AND OTHERS. THE FOUNDATION HAS A POOL OF OVER 200 ACTIVE VOLUNTEERS WHO DO THE ACTUAL WORK UNDER THE GUIDANCE OF THE VARIOUS AGENCY LAND MANAGERS. OVER 17,000 HOURS OF VOLUNTEER TIME WERE DONATED TO THE FOUNDATION IN 2021-22.
PUBLICATION AND DISTRIBUTION OF CAVE-RELATED BOOKS AND MAPS: THE FOUNDATION PUBLISHES AND DISTRIBUTES A VARIETY OF CAVE-RELATED TECHNICAL, SCIENTIFIC, AND POPULAR BOOKS AND MAPS RELATED TO THE SCIENCE, HISTORY, EXPLORATION, AND MANAGEMENT OF CAVES AND KARST LANDFORMS. MOST OF THE BOOKS ARE SOLD THROUGH THE VISITOR CENTERS IN NATIONAL PARKS THAT CONTAIN CAVES.
GRADUATE RESEARCH GRANTS: THE FOUNDATION AWARDS A VARIABLE NUMBER OF GRADUATE-LEVEL RESEARCH GRANTS EACH YEAR TO SUPPORT THESIS RESEARCH IN FIELDS RELATED TO CAVE AND KARST STUDIES. THE GRANTS ARE AWARDED SOLELY ON THE MERITS OF THE GRANT REQUESTS. GRANT REQUESTS ARE REVIEWED BY AN INDEPENDENT COMMITTEE OF ACADEMIC RESEARCHERS WORKING IN CAVE AND KARST-RELATED FIELDS. GRANTS ARE NORMALLY NOT AWARDED DIRECTLY TO THE RECIPIENT, BUT ARE SENT TO THEIR UNIVERSITY AND THE UNIVERSITY ADMINISTERS THE GRANT FOR THE RECIPIENT. GRANT RECIPIENTS ARE REQUIRED TO PUBLISH THEIR RESEARCH RESULTS IN A PUBLIC DOCUMENT, WHICH CAN BE THE FOUNDATION'S CRF NEWSLETTER OR OTHER APPROPRIATE PUBLICATION. THERE WERE THREE GRANTS AWARDED IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John T M Lyles Director | Trustee | 2 | $0 |
Benjamin V Miller Director | Trustee | 2 | $0 |
Mark D Jones Director | Trustee | 2 | $0 |
Jennifer Ellis Director | Trustee | 2 | $0 |
Kayla N Sapkota Vice President & Director | Trustee | 3 | $0 |
Joyce E Hoffmaster Director | Trustee | 2 | $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 | $38,019 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,019 |
| Total Program Service Revenue | $152,102 |
| Investment income | -$73,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,052 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,568 |
| 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 | $18,989 |
| 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 | $26,057 |
| Insurance | $1,806 |
| All other expenses | $0 |
| Total functional expenses | $202,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,812 |
| Savings and temporary cash investments | $291,921 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $467,853 |
| Investments—publicly traded securities | $477,919 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,424,505 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,424,505 |
| Net assets with donor restrictions | $0 |
| 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 | $1,424,505 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cave Research Foundation Inc has recieved totaling $233.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $233 |
Endowment Analysis
| Beg. Balance | $213,348 |
| Earnings | -$28,248 |
| Admin Expense | $208 |
| Net Contributions | $7,126 |
| Grants | $11,568 |
| Ending Balance | $180,450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Airport Research And Development Foundation Alexandria, VA | $5,984,070 | $48,854,965 |
University Of Virginia Engineering Foundation Inc Charlottesville, VA | $68,625,953 | $4,333,906 |
Bionexus Kc Kansas City, MO | $1,271,065 | $1,621,548 |
Cave Research Foundation Inc Cave City, KY | $1,424,505 | $117,052 |
Women In Manufacturing Education Foundation Independence, OH | $183,082 | $189,036 |
National Institute Of Aerospace Foundation Hampton, VA | $28,778 | $82,817 |