Kentucky Heartwood Inc
- Assets
- $235.2k
- Revenue
- $178.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Berea, KY
- Founding
- 08/2002
- Data as of
- 12/2023
- EIN
- 01-0701145
Organization Overview
Kentucky Heartwood Inc is located in Berea, KY. The organization was established in 2002. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2023, Kentucky Heartwood Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Heartwood 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 12/2023, Kentucky Heartwood Inc generated $178.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $199.2k during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
KENTUCKY HEARTWOOD SEEKS TO PROTECT AND RESTORE THE INTEGRITY, STABILITY, AND BEAUTY OF KENTUCKYS NATIVE FORESTS AND BIOTIC COMMUNITIES THROUGH RESEARCH, EDUCATION, ADVOCACY, AND COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOREST WATCH PROGRAM: KH MONITORS MULTIPLE FOREST SERVICE PROPOSALS AND PROJECTS THROUGH PLAN ANALYSIS FIELD WORK, WATER QUALITY MONITORING, PUBLIC FIELD TRIPS, AND PUBLIC EDUCATION. IN ADDITION TO BIODIVERSITY AND ENVIRONMENTAL REVIEWS, WE ARE MONITORING PLANS FOR NEW LOGGING ROADS, LANDSLIDES, WATER QUALITY ISSUES, AND RECREATIONAL IMPACTS. ACCOMPLISHMENTS INCLUDE THE SUBMISSION OF COMMENTS FOR THE RUFFED GROUSE HABITAT ENHANCEMENT PROJECT, THE SUBMISSION OF AN OBJECTION FOR A NEW ROAD IN THE GREENWOOD PROJECT, MONITORING WATER QUALITY AND ENDANGERED SPECIES IMPACTS IN THE HORSE LICK CREEK WATERSHED, AND IN DEPTH MONITORING OF LOGGING SALES IN THE SOUTH REDBIRD PROJECT AREA.
TOTAL OF ALL PROGRAM COSTS.
COMMUNITY ENGAGEMENT: WE CONTINUED TO INCREASE OUR COMMUNITY ENGAGEMENT EFFORTS BOTH WITHIN OUR KY COMMUNITY AS WELL AS WITHIN THE BROADER ENVIRONMENTAL ACTIVIST COMMUNITY. ACTIVITIES INCLUDED HIKES, EVENTS, AND PRESENTATIONS TO COMMUNITY AND ACTIVIST GROUPS INCLUDING THE KENTUCKY ENVIRONMENTAL EDUCATION CONFERENCE, THE RED OAKS FOREST SCHOOL, AND LOCAL SIERRA CLUB. ANOTHER HIGHLIGHT OF OUR YEAR WAS OUR TREK TO THE CHAMPION RED HICKORY TREE WITH MUSICIAN SENORA MAY CHILDERS TO FILM A CREATIVE PROJECT THAT SHEDS LIGHT ON THE THREATS FACING OUR PUBLIC LAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Cooper President | OfficerTrustee | 4 | $0 |
Xyara Asplen Vice Preside | OfficerTrustee | 2 | $0 |
Stephen Dorsett Treasurer | OfficerTrustee | 3.5 | $0 |
Patty Draus Secretary | OfficerTrustee | 1 | $0 |
Julian Campbell Board Member | Trustee | 4.5 | $0 |
Gretchen Collins Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $34,035 |
| Membership dues | $0 |
| Fundraising events | $3,725 |
| Related organizations | $0 |
| Government grants | $7,644 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,391 |
| Noncash contributions included in lines 1a–1f | $2,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,795 |
| Total Program Service Revenue | $0 |
| Investment income | $1,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,991 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $178,102 |
| 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. | $52,974 |
| Compensation of current officers, directors, key employees. | $8,476 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,287 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,158 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,304 |
| Advertising and promotion | $1,125 |
| Office expenses | $6,013 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,385 |
| Travel | $11,684 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,100 |
| Insurance | $3,862 |
| All other expenses | $2,592 |
| Total functional expenses | $199,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,156 |
| Savings and temporary cash investments | $50,716 |
| Pledges and grants receivable | $25,000 |
| 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 | $3,685 |
| Investments—publicly traded securities | $40,678 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $235,235 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,420 |
| Total liabilities | $2,420 |
| Net assets without donor restrictions | $166,608 |
| Net assets with donor restrictions | $66,207 |
| 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 | $235,235 |