Kentucky Executive Mansions Foundation Inc
- Assets
- $1.5m
- Revenue
- $260.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 12/2002
- Data as of
- 06/2021
- EIN
- 03-0490004
Organization Overview
Kentucky Executive Mansions Foundation Inc is located in Lexington, KY. The organization was established in 2002. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Executive Mansions 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 06/2021, Kentucky Executive Mansions Foundation Inc generated $260.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $292.4k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO UNDERTAKE, SUPPORT, PROMOTE, FOSTER, AND ASSIST, FINANCIALLY AND OTHERWISE THE MODIFICATION TO INCREASE ENVIRONMENTAL EFFICIENCY AND SUSTAINABILITY, THE RESTORATION, THE MAINTENANCE, AND THE PRESERVATION OF THE KENTUCKY'S EXECUTIVE MANSION, KENTUCKY'S OLD GOVERNOR'S MANSION AND, IN THE DISCRETION OF THE CORPORATION'S BOARD OF DIRECTORS AND AS AVAILABLE RESOURCES PERMIT, OTHER PUBLIC BUILDINGS, SITES, STRUCTURES, PLACES AND OBJECTS OF HISTORIC SIGNIFICANCE OWNED BY THE COMMONWEALTH OF KENTUCKY AND ARTIFACTS ASSOCIATED THEREWITH, AND ALL ACTIVITIES RELATED TO INCIDENTAL THERETO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO UNDERTAKE, SUPPORT, PROMOTE, FOSTER, AND ASSIST, FINANCIALLY AND OTHERWISE THE MODIFICATION TO INCREASE ENVIRONMENTAL EFFICIENCY AND SUSTAINABILITY, THE RESTORATION, THE MAINTENANCE, AND THE PRESERVATION OF KENTUCKY'S EXECUTIVE MANSION, KENTUCKY'S OLD GOVERNOR'S MANSION AND, IN THE DISCRETION OF THE CORPORATION'S BOARD OF DIRECTORS AND AS AVAILABLE RESOURCES PERMIT, OTHER PUBLIC BUILDINGS, SITES, STRUCTURES, PLACES AND OBJECTS OF HISTORIC SIGNIFICANCE OWNED BY THE COMMONWEALTH OF KENTUCKY AND ARTIFACTS ASSOCIATED THEREWITH, AND ALL ACTIVITIES RELATED OR INCIDENTAL THERETO.
TO UNDERTAKE, SUPPORT, PROMOTE, FOSTER AND ASSIST, FINANCIALLY AND OTHERWISE, THE ACQUISITION, RESTORATION, MAINTENANCE, OR PRESERVATION OF APPROPRIATE WORKS OF ART, FURNISHINGS, AND DECORATIVE ARTS FOR THE EXCLUSIVE BENEFIT OF KENTUCKY'S EXECUTIVE MANSION AND KENTUCKY'S OLD GOVERNOR'S MANSION.
TO SUPPORT, PROMOTE, FOSTER AND ASSIST KENTUCKY'S HISTORIC PROPERTIES ADVISORY COMMISSION.
TO EDUCATE THE PUBLIC ABOUT AND PROMOTE AN APPRECIATION FOR THE HISTORIC SITES, BUILDINGS, STRUCTURES, PLACES, OBJECTS AND ARTIFACTS ASSOCIATED WITH THE FOREGOING ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Britainy Beshear President | Officer | 1 | $0 |
M Melinda Karns Secretary & Treasurer | Officer | 1 | $0 |
Stephen Collins Director | Trustee | 1 | $0 |
Brookes Pope 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 | $19,607 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,607 |
| Total Program Service Revenue | $0 |
| Investment income | $24,864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $216,067 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $260,538 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,022 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $250 |
| All other expenses | $0 |
| Total functional expenses | $292,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,051 |
| Savings and temporary cash investments | $1,429,038 |
| Pledges and grants receivable | $0 |
| 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 | $1,400 |
| 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 | $1,537,489 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $13,843 |
| Net assets with donor restrictions | $1,523,646 |
| 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 | $1,537,489 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kentucky Executive Mansions Foundation Inc has recieved totaling $95,000.
| Awarding Organization | Amount |
|---|---|
1st Saturday in May Inc Lexington, KY PURPOSE: Charitable contribution | $75,000 |
Kloiber Foundation Inc Lexington, KY PURPOSE: SUPPORT THE CENTENNIAL GARDEN | $20,000 |
Endowment Analysis
| Beg. Balance | $1,430,452 |
| Earnings | $240,931 |
| Admin Expense | $15,923 |
| Other Expense | $226,422 |
| Ending Balance | $1,429,038 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Navy Pier Inc Chicago, IL | $199,546,550 | $62,194,092 |
The Barack Obama Foundation Chicago, IL | $693,835,698 | $159,957,411 |
Mount Vernon Ladies Association Of The Union Mount Vernon, VA | $342,045,360 | $38,819,933 |
Ohio Historical Society Columbus, OH | $7,345,353 | $25,940,986 |
Heritage South Community Cu Shelbyville, TN | $308,780,084 | $17,719,881 |
Franklin County Historical Society Columbus, OH | $23,539,656 | $19,471,266 |
Liberty Memorial Association Kansas City, MO | $35,751,544 | $14,461,883 |
Indiana Historical Society Indianapolis, IN | $152,627,726 | $15,739,974 |
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
Steel Founders Society Of America Crystal Lake, IL | $6,567,517 | $7,560,615 |