Public Life Foundation Of Owensboro Inc
- Assets
- $6.9m
- Revenue
- $667.8k
- Investments
- $6.9m
- Employees
- 0
- Location
- Owensboro, KY
- Founding
- 04/1996
- Data as of
- 12/2021
- EIN
- 61-6232654
Organization Overview
Public Life Foundation Of Owensboro Inc is located in Owensboro, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Life Foundation Of Owensboro 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, Public Life Foundation Of Owensboro Inc generated $667.8k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $570.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Public Life Foundation Of Owensboro Inc has awarded 67 individual grants totaling $565,492. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Boeyink Director | 1 | $49,770 | |
Joe Berry President | 40 | $49,762 | |
Kathy Strobel Secretary | 40 | $31,392 | |
Janet Land Director | 1 | $3,000 | |
Bruce William Hager Director-Vice Chair | 1 | $0 | |
John S Jr Hager Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $53,690 |
| Dividends & Interest | $276,483 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $337,613 |
| Capital Gain Net Income | $337,613 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $667,786 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $123,758 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,700 |
| Taxes | $9,704 |
| Depreciation | $203 |
| Occupancy | $12,838 |
| Travel, conferences, and meetings | $6,863 |
| Printing and publications | $0 |
| Other expenses | $28,146 |
| Total operating and administrative expenses | $271,641 |
| Contributions, gifts, grants paid | $298,483 |
| Total expenses and disbursements | $570,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,874 |
| 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 | $6,854,409 |
| Net Land, buildings, and equipment | $497 |
| Other assets | $0 |
| Total assets | $6,943,780 |
| 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 | $8,480 |
| Total liabilities | $8,480 |
Grants Awarded
Over the last fiscal year, Public Life Foundation Of Owensboro Inc has awarded $298,483 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
PRICHARD COMMITTEE FOR ACADEMIC EXCELLENCE PURPOSE: EARLY CHILDHOOD EDUCATION SPECIALIST POSITION | $100,000 |
THE CENTER PURPOSE: CAPITAL CAMPAIGN | $80,000 |
OWENSBORO PUBLIC SCHOOLS PURPOSE: FOOTSTEPS 2 BRILLIANCE | $25,000 |
DAVIESS COUNTY PUBLIC SCHOOLS PURPOSE: FOOTSTEPS TO BRILLIANCE; BACK ON TRACK GRANT | $9,000 |
KENTUCKY STATE TREASURER - TEAM WESTERN KY TORNADO RELIEF FUND PURPOSE: TORNADO RELIEF FUND | $8,000 |
Owensboro, KY PURPOSE: COVID-19 RESPONSE FUND; YEAR END GRANT | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
The Community Foundation Inc Richmond, VA | $859,349,771 | $152,790,051 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Dayton Foundation Dayton, OH | $614,105,736 | $82,530,515 |
Charlottesville Area Community Foundation Charlottesville, VA | $339,690,669 | $77,610,040 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |
Hampton Roads Community Foundation Norfolk, VA | $431,066,210 | $16,919,172 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |
Akron Community Foundation Akron, OH | $274,088,705 | $39,277,326 |
Dayton Foundation Depository Dayton, OH | $38,449,497 | $25,927,776 |