Keeneland Foundation Inc
- Assets
- $385.6k
- Revenue
- $234.2k
- Investments
- $169.1k
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 04/2000
- Data as of
- 06/2024
- EIN
- 61-1358165
Organization Overview
Keeneland Foundation Inc is located in Lexington, KY. The organization was established in 2000. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keeneland 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 06/2024, Keeneland Foundation Inc generated $234.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $191.3k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Keeneland Foundation Inc has awarded 153 individual grants totaling $2,109,736. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William M Lear Jr President & Director | 1 | $0 | |
Shannon Bishop Arvin Vice President | 1 | $0 | |
Kari West Secretary | 1 | $0 | |
Hunter Stout Treasurer | 1 | $0 | |
Everett Dobson Director | 1 | $0 | |
William S Farish Jr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $234,148 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,469 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,458 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $234,159 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,946 |
| Contributions, gifts, grants paid | $186,328 |
| Total expenses and disbursements | $191,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,698 |
| Savings and temporary cash investments | $14,779 |
| 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 | $27,986 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $385,562 |
| 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 |
Grants Awarded
Over the last fiscal year, Keeneland Foundation Inc has awarded $316,328 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ASBURY COLLEGE PURPOSE: GENERAL OPERATING GRANT | $4,000 |
DV8 KITCHEN VOCATIONAL TRAINING FOUNDATION PURPOSE: GENERAL OPERATING GRANT | $8,500 |
HOPE CENTER INC PURPOSE: GENERAL OPERATING GRANT | $10,000 |
EXPLORIUM OF LEXINGTON PURPOSE: GENERAL OPERATING GRANT | $5,000 |
JUBILEE JOBS OF LEXINGTON PURPOSE: GENERAL OPERATING GRANT | $3,100 |
JUSTIN'S PLACE PURPOSE: GENERAL OPERATING GRANT | $8,000 |