The Conover Foundation Inc
- Assets
- $0.0
- Revenue
- $191.3k
- Investments
- $2.3m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 04/1999
- Data as of
- 06/2021
- EIN
- 35-6672841
Organization Overview
The Conover Foundation Inc is located in Louisville, KY. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Conover 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 06/2021, Conover Foundation Inc generated $191.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $301.3k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Conover Foundation Inc has awarded 108 individual grants totaling $612,900. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO VARIOUS LOCAL ORGANIZATIONS 28 ORGANIZATIONS WERE SERVED DURING THE 2021/2022 FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Sec/treas | 2 | $0 | |
Cheryl Conover Stroud President | 5 | $0 | |
Christine Conover Stroud Assist Sec | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,405 |
| Dividends & Interest | $41,863 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,341 |
| Total Revenue | $191,333 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,219 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $180,769 |
| Contributions, gifts, grants paid | $120,500 |
| Total expenses and disbursements | $301,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $3,808 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Conover Foundation Inc has awarded $184,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF EDINBURGH PURPOSE: CHARITABLE | $27,000 |
Nashville, TN PURPOSE: CHARITABLE | $15,000 |
Nashville, TN PURPOSE: CHARITABLE | $15,000 |
Nashville, TN PURPOSE: CHARITABLE | $15,000 |
Antioch, TN PURPOSE: CHARITABLE | $10,000 |
Nashville, TN PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |