Community Foundation Of West Kentucky Inc
- Assets
- $44.4m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Paducah, KY
- Founding
- 08/1996
- Data as of
- 12/2021
- EIN
- 61-1304905
Organization Overview
Community Foundation Of West Kentucky Inc is located in Paducah, KY. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation Of West Kentucky Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of West Kentucky 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, Community Foundation Of West Kentucky Inc generated $11.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 13.9% 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 2017, Community Foundation Of West Kentucky Inc has awarded 321 individual grants totaling $10,897,304. 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 PROMOTE PHILANTHROPY AND PROVIDE GRANTS TO CHARITABLE, RELIGIOUS, EDUCATIONAL AND COMMUNITY PROGRAMS AND ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES THE ARTS IN ITS REGION THROUGH GRANTS TO PROGRAMS AND ORGANIZATIONS RELATED TO ARTS AND ENTERTAINMENT. OTHER AREAS SUPPORTED BY THE ORGANIZATION ARE MUSEUMS AND RELATED ENTITIES WHICH PROMOTE THE CIVIC WELFARE OF THE COMMUNITIES IN THE REGION SERVICED BY THE ORGANIZATION.
SOCIAL SERVICES, HOUSING AND EDUCATION HAVE BEEN THE FOCUS OF MUCH OF THE PROGRAM GRANTS FROM THE ORGANIZATION. BENEFITS SUPPORTED BY THE ORGANIZATION INCLUDE PROVIDING SHELTER, FOOD, PREGNANCY COUNSELING, AND JOB TRAINING FOR THE HANDICAPPED. OTHER GRANTS WERE PROVIDED TO INSTITUTIONS ENGAGED IN THE EDUCATION OF THE COMMUNITY.
THE ORGANIZATION SUPPORTS VARIOUS RELIGIOUS ACTIVITIES IN THE REGION BY PROVIDING FUNDING TO ASSIST IN THE PROMOTION OF RELIGIOUS PROGRAMS.
EDUCATION AND HEALTH CARE ARE MAJOR CONCERNS OF THE AREA SERVED BY THE ORGANIZATION AND GRANTS WERE PROVIDED TO ENHANCE AND PROMOTE BOTH CONCERNS. ADDITIONAL FUNDING FOR THESE AREAS WAS DERIVED THROUGH THE FUND RUN EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony J Watkins Chief Exec O | Officer | 40 | $123,500 |
Vicki Brantley Secretary/tr | OfficerTrustee | 5 | $0 |
Angie Jackson Vice-Preside | OfficerTrustee | 2 | $0 |
Jamey Brown President | OfficerTrustee | 1 | $0 |
Gary Houston Director | Trustee | 1 | $0 |
Scott Powell Director | 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 | $8,488,702 |
| Noncash contributions included in lines 1a–1f | $458,163 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,488,702 |
| Total Program Service Revenue | $10,105 |
| Investment income | $787,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $789 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,086,198 |
| Net Income from Fundraising Events | $6,830 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,381,597 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,173,474 |
| Grants and other assistance to domestic individuals. | $93,860 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,500 |
| Compensation of current officers, directors, key employees. | $78,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,846 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,398 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $161,595 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,418 |
| Office expenses | $11,499 |
| Information technology | $8,088 |
| Royalties | $0 |
| Occupancy | $10,486 |
| Travel | $1,336 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,146 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $636 |
| Insurance | $5,707 |
| All other expenses | $4,273 |
| Total functional expenses | $3,796,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,903,402 |
| Savings and temporary cash investments | $2,981,162 |
| Pledges and grants receivable | $516,744 |
| 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 | $9,185 |
| Net Land, buildings, and equipment | $1,372 |
| Investments—publicly traded securities | $35,936,690 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,116 |
| Total assets | $44,374,671 |
| Accounts payable and accrued expenses | $42,231 |
| Grants payable | $15,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,644,518 |
| 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 | $195,770 |
| Total liabilities | $6,897,519 |
| Net assets without donor restrictions | $37,444,028 |
| Net assets with donor restrictions | $33,124 |
| 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 | $44,374,671 |
Grants Awarded
Over the last fiscal year, Community Foundation Of West Kentucky Inc has awarded $2,978,175 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
Paducah, KY PURPOSE: PROGRAM SUPPORT | $1,026,901 |
CITY OF PADUCAH TREASURER PURPOSE: PROGRAM SUPPORT | $291,946 |
COMMUNITY MINISTRIES INC OF PADUC PURPOSE: PROGRAM SUPPORT | $131,015 |
Paducah, KY PURPOSE: PROGRAM SUPPORT | $116,428 |
Paducah, KY PURPOSE: PROGRAM SUPPORT | $109,118 |
Paducah, KY PURPOSE: PROGRAM SUPPORT | $87,953 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Community Foundation Of West Kentucky Inc has recieved totaling $958,167.
| Awarding Organization | Amount |
|---|---|
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $209,066 |
Gheens Foundation Inc Louisville, KY PURPOSE: COMMUNITY GRANTMAKING IN EDUCATION, HEALTH, HUMAN SERVICES, ARTS, PUBLIC RECREATION, AND RELIGIOUS ACTIVITIES | $175,000 |
Mr And Mrs George W Taylor Foundtn Rockford, IL PURPOSE: SOCIAL WELFARE | $100,000 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $65,000 |
Ray And Kay Eckstein Charitable Trust Paducah, KY PURPOSE: PROJECT SUPPORT | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $48,550 |
Endowment Analysis
| Beg. Balance | $31,615,408 |
| Earnings | $3,257,014 |
| Admin Expense | $338,007 |
| Net Contributions | $3,716,985 |
| Grants | $1,121,400 |
| Ending Balance | $37,130,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA | $68,152,988 | $23,085,179 |
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Dupage Community Foundation Downers Grove, IL | $125,703,251 | $14,295,087 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |
The Community Foundation For Northern Virginia Inc Oakton, VA | $80,161,408 | $23,451,822 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |