Lg&e And Ku Foundation Inc
- Assets
- $37.6m
- Revenue
- $12.5m
- Investments
- $27.0m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 61-1257368
Organization Overview
Lg&e And Ku Foundation Inc is located in Louisville, KY. The organization was established in 1994. 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. Lg&e And Ku 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 12/2021, Lg&e And Ku Foundation Inc generated $12.5m in total revenue. All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 59.5% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Whelan Director | 0 | $0 | |
Angie Evans President | 3 | $0 | |
Kent Blake Director | 0.5 | $0 | |
John Crockett III Director & Secretary | 0.5 | $0 | |
Daniel Arbough Treasurer | 0.5 | $0 | |
Paul Thompson Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $680,314 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,841,831 |
| Capital Gain Net Income | $1,841,831 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,522,145 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $127,626 |
| Contributions, gifts, grants paid | $5,100,322 |
| Total expenses and disbursements | $5,227,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,550,325 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,617,506 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $37,600,097 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |