Kentucky Horticulture Council Inc
- Assets
- $334.0k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Lexington, KY
- Founding
- 04/2003
- Data as of
- 12/2022
- EIN
- 61-1401757
Organization Overview
Kentucky Horticulture Council Inc is located in Lexington, KY. The organization was established in 2003. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Kentucky Horticulture Council Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Horticulture Council Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Kentucky Horticulture Council Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND EXPAND THE HORTICULTURAL ENTERPRISES IN THE STATE OF KENTUCKY, AND TO INCREASE FARMER PROFITABILITY, IMPROVE INFRASTRUCTURE AND PROVIDE TECHNICAL ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF A COST SHARE PROGRAM TO OFF-SET THE COST OF FOOD SAFETY AUDITS FOR GROWERS.
RESEARCH AND OUTREACH PROGRAMS FOCUSED ON HORTICULTURE CROP PRODUCTION AND MARKETING PROJECTS, INCLUDING ON-FARM DEMONSTRATIONS AND MARKET ANALYSIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenton Abrams Director | Trustee | $0 | |
Larry Brandenburg Director | Trustee | $0 | |
William Fountain Director | Trustee | $0 | |
Jeremy Hinton President | OfficerTrustee | $0 | |
Ron Mcmaine Secretary/tr | OfficerTrustee | $0 | |
Jonathan Price Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $168 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $951,946 |
| All other contributions, gifts, grants, and similar amounts not included above | $253,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,205,450 |
| Total Program Service Revenue | $45,853 |
| Investment income | $100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,251,403 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $567,540 |
| Pension plan accruals and contributions | $6,693 |
| Other employee benefits | $31,245 |
| Payroll taxes | $19,719 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,611 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $278 |
| Office expenses | $12,437 |
| Information technology | $452 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $62,465 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,382 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,425 |
| All other expenses | $4,304 |
| Total functional expenses | $1,146,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,791 |
| Savings and temporary cash investments | $272,572 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,655 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $334,018 |
| Accounts payable and accrued expenses | $17,863 |
| Grants payable | $0 |
| Deferred revenue | $10,881 |
| 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 | $0 |
| Total liabilities | $28,744 |
| Net assets without donor restrictions | $305,274 |
| 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 | $334,018 |