Horseshoe Foundation Of Floyd County Inc
- Assets
- $43.9m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 3
- Location
- New Albany, IN
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 35-2086312
Organization Overview
Horseshoe Foundation Of Floyd County Inc, operating under the name Caesars Foundation Of Floyd County, is located in New Albany, IN. The organization was established in 2000. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Caesars Foundation Of Floyd County employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caesars Foundation Of Floyd County 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, Caesars Foundation Of Floyd County generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 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 2016, Caesars Foundation Of Floyd County has awarded 60 individual grants totaling $9,900,575. 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 BENEFIT THE RESIDENTS OF FLOYD COUNTY THROUGH GRANTS, SCHOLARSHIPS, AND SMALL BUSINESS LOANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND SCHOLARSHIPS PAID TO ORGANIZATIONS AND STUDENTS WITHIN FLOYD COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Josh Kornberg Executive Director | Officer | 40 | $105,000 |
Judy Hess Secretary | OfficerTrustee | 1 | $0 |
David Aebersold Vice President | OfficerTrustee | 1 | $0 |
Mayor Jeff Gahan President | OfficerTrustee | 1 | $0 |
Brad Seigel Treasurer | OfficerTrustee | 1 | $0 |
Renee Nadeau Board Member | Trustee | 1 | $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 | $2,171,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,171,116 |
| Total Program Service Revenue | $0 |
| Investment income | $1,108,379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,304,049 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,593,173 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,485,780 |
| Grants and other assistance to domestic individuals. | $436,649 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,150 |
| Compensation of current officers, directors, key employees. | $54,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,430 |
| Pension plan accruals and contributions | $5,230 |
| Other employee benefits | $813 |
| Payroll taxes | $16,623 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73 |
| Fees for services: Accounting | $6,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $132,164 |
| Fees for services: Other | $26,252 |
| Advertising and promotion | $8,272 |
| Office expenses | $21,699 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,262 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,549 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,052 |
| Insurance | $5,570 |
| All other expenses | $65,654 |
| Total functional expenses | $2,436,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,108,211 |
| Savings and temporary cash investments | $1,369,182 |
| Pledges and grants receivable | $499,420 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,834 |
| Investments—publicly traded securities | $40,038,758 |
| Investments—other securities | $0 |
| Investments—program-related | $836,231 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $43,854,636 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $5,354,021 |
| 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 | $69,000 |
| Total liabilities | $5,423,021 |
| Net assets without donor restrictions | $38,431,615 |
| 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 | $43,854,636 |
Grants Awarded
Over the last fiscal year, Horseshoe Foundation Of Floyd County Inc has awarded $1,224,342 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
New Albany, IN PURPOSE: GENERAL SUPPORT | $200,000 |
NEW ALBANY REDEVELOPMENT COMM PURPOSE: GENERAL SUPPORT | $132,739 |
Louisville, KY PURPOSE: GENERAL SUPPORT | $70,000 |
Louisville, KY PURPOSE: GENERAL SUPPORT | $50,000 |
FLOYD COUNTY PARKS & RECREATION DEPT PURPOSE: GENERAL SUPPORT | $50,000 |
New Albany, IN PURPOSE: GENERAL SUPPORT | $41,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Horseshoe Foundation Of Floyd County Inc has recieved totaling $1,287,300.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Southern Indiana Inc New Albany, IN PURPOSE: COVID-19 RESPONSE GRANT; SMALL BUSINESS EMERGENCY RELIEF | $643,650 |
Community Foundation Of Southern Indiana Inc New Albany, IN PURPOSE: COVID-19 RESPONSE GRANT; SMALL BUSINESS EMERGENCY RELIEF | $643,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Disabled American Veterans Charitable Service Trust Erlanger, KY | $56,693,498 | $21,266,014 |
Horseshoe Foundation Of Floyd County Inc New Albany, IN | $43,854,636 | $8,593,173 |
Margies Smile Inc Franklin, WI | $36,893 | $1,255,015 |
National Association Of Parliamentarians Public Education Independence, MO | $1,853,095 | $1,121,162 |
Chicago Development Fund Chicago, IL | $6,133,057 | $871,107 |
Kentucky County Judge Executive Association Frankfort, KY | $1,028,258 | $467,457 |
Odon Thrift Store Odon, IN | $367,272 | $293,468 |
National Conference Of State Liquor Administrators Gurnee, IL | $1,091,903 | $401,629 |
Associated Talmud Torahs Of Chicago Endowment Foundation Chicago, IL | $5,008,757 | $382,010 |
City Of New Haven Indiana Municipal Building Corporation New Haven, IN | $2,175,913 | $313,003 |
Quincy And Bessie Robinson Trust 97312280 Milwaukee, WI | $920,980 | $176,385 |
Enright Family Foundation Urbana, IL | $758,867 | $750,000 |