Central Kentucky Community Foundation Inc
- Assets
- $36.9m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Elizabethtown, KY
- Founding
- 01/1964
- Data as of
- 12/2021
- EIN
- 61-6035002
Organization Overview
Central Kentucky Community Foundation Inc is located in Elizabethtown, KY. The organization was established in 1964. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 12/2021, Central Kentucky Community Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Kentucky Community 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, Central Kentucky Community Foundation Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 14.6% 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, Central Kentucky Community Foundation Inc has awarded 107 individual grants totaling $7,655,962. 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 STRENGTHEN OUR REGION THROUGH INSPIRED PHILANTHROPY AND OUTSTANDING STEWARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISTRIBUTES CONTRIBUTIONS AND GRANTS TO GOVERNMENTAL AND 501(C)(3) ORGANIZATIONS, AS WELL AS SCHOLARSHIPS TO AREA COLLEGES AND UNIVERSITIES. THE FOUNDATION ALSO UNDERTAKES COMMUNITY AND EDUCATIONAL OUTREACH INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Davette Swiney President/ceo | Officer | 40 | $130,200 |
Chris Carter Secretary/treasurer | Trustee | 2 | $0 |
Beth Lochmiller Vice Chair | Trustee | 2 | $0 |
Michael B Coyle Director | Trustee | 1 | $0 |
Ed Durnil Director | Trustee | 1 | $0 |
Earl Wright 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 | $1,962,901 |
| Noncash contributions included in lines 1a–1f | $310,123 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,962,901 |
| Total Program Service Revenue | $0 |
| Investment income | $808,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,976,706 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,762,142 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,154,663 |
| 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. | $143,835 |
| Compensation of current officers, directors, key employees. | $57,534 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,926 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $664 |
| Payroll taxes | $17,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,170 |
| Fees for services: Accounting | $22,584 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $169,268 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,154 |
| Office expenses | $6,484 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,131 |
| Travel | $4,706 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,566 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $281,963 |
| Insurance | $8,216 |
| All other expenses | $2,252 |
| Total functional expenses | $2,072,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,182 |
| Savings and temporary cash investments | $820,594 |
| Pledges and grants receivable | $600 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,032,276 |
| Investments—publicly traded securities | $33,706,505 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,852,157 |
| Accounts payable and accrued expenses | $11,416 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,089,691 |
| Total liabilities | $2,101,107 |
| Net assets without donor restrictions | $2,302,466 |
| Net assets with donor restrictions | $32,448,584 |
| 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 | $36,852,157 |
Grants Awarded
Over the last fiscal year, Central Kentucky Community Foundation Inc has awarded $704,408 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Versailles, KY PURPOSE: HIGHER EDUCATION | $255,000 |
Elizabethtown, KY PURPOSE: RELIGIOUS SUPPORT | $61,000 |
FIRST PRESBYTERIAN CHURCH PURPOSE: RELIGIOUS SUPPORT | $54,000 |
Lexington, KY PURPOSE: COMMUNITY EDUCATION | $39,289 |
Elizabethtown, KY PURPOSE: COMMUNITY EDUCATION | $39,094 |
Elizabethtown, KY PURPOSE: HUMAN SERVICES | $29,100 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Central Kentucky Community Foundation Inc has recieved totaling $5,681.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,681 |
Endowment Analysis
| Beg. Balance | $24,361,686 |
| Earnings | $3,354,905 |
| Admin Expense | $381,508 |
| Net Contributions | $947,269 |
| Grants | $330,503 |
| Ending Balance | $27,951,849 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Caney Creek Community Center Pippa Passes, KY | $136,427,755 | $30,649,937 |
University Of Mary Washington Foundation Fredericksburg, VA | $186,636,934 | $19,915,035 |
Lemoyne Owen College Memphis, TN | $53,577,456 | $23,441,931 |
Patrick Henry College Purcellville, VA | $42,398,323 | $19,179,268 |
Eureka College Eureka, IL | $56,922,231 | $15,083,076 |
Calumet College Whiting, IN | $23,910,768 | $16,116,296 |
Wilberforce University Wilberforce, OH | $28,180,485 | $40,652,171 |
Cox College Springfield, MO | $0 | $12,064,783 |
East-West University Inc Chicago, IL | $90,912,569 | $10,650,646 |
Welch College Gallatin, TN | $41,634,056 | $11,542,139 |
Art Academy Of Cincinnati Cincinnati, OH | $6,583,513 | $9,495,180 |