Just Fund Education Project Inc
- Assets
- $1.9m
- Revenue
- $198.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 20-8465456
Organization Overview
Just Fund Education Project Inc, operating under the name JustFundKy, is located in Lexington, KY. The organization was established in 2008. According to its NTEE Classification (R26) the organization is classified as: Lesbian & Gay Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. JustFundKy 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 12/2022, JustFundKy generated $198.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $109.4k 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 PROVIDE FUNDS TO SUPPORT EDUCATION, THEATER, AND OTHER WORKS THAT ADDRESS ISSUES AFFECTING THE GAY, LESBIAN, BISEXUAL, TRANSGENDERED, AND QUEER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLIFF TODD ENDOWMENT GRANTS WERE AWARDED TO COMMUNITY BASED ORGANIZATIONS THAT SUPPORT, ADVOCATE FOR, AND EDUCATE ABOUT ISSUES CONCERNING LGBTQ CITIZENS OF KENTUCKY. THE 2022 FUNDED PROJECTS RANGED FROM SUPPORTING PRIDE FESTIVALS, TRAININGS, READINGS, AND YOUTH OUTREACH AMONG OTHERS.THE 2022 GRANTS WERE AWARDED TO: ARTS CONNECT, ASHLAND KENTUCKY PRIDE, BAN CONVERSION THERAPY, BEREA PRIDE, BLUEGRASS BLACK PRIDE, DRAG QUEEN STORYTIME KENTUCKY, FIRESIDE INDUSTRIES, GLSEN, KENTUCKY BLACK PRIDE, LEXINGTON PRIDE CENTER, LOUISVILLE PRIDE, LOUISVILLE YOUTH GROUP, PGLAG SOMERSET, PIKEVILLE PRIDE, POWELL CO SCHOOLS, QUEERING SPIRITUALITY, RADIOLEX, SWEET EVENING BREEZE, THE NEST, AND WEATHERING RAINBOWS PODCAST.
IN 2022, JUSTFUNDKY CONTINUED OUR SOCIAL MEDIA OUTREACH AND EDUCATIONAL EFFORTS. OUR GALA EVENT WAS "ROASTED! ERNESTO SCORSONE" TO CELEBRATE A BELOVED COMMUNITY MEMBER AND RAISE FUNDS FOR THE ENDOWMENT. OVER 200 PEOPLE ATTENDED THIS EVENT AT THE LYRIC THEATER AND WE RAISED 70000 IN SPONSORSHIPS. OUR ANNUAL GALA EVENT PROVIDES FUNDING FOR OUR ENDOWMENT FUND. SINCE 2011, JUSTFUNDKY HAS GROWN THE ENDOWMENT TO $2 MILLION. WE FUND EDUCATIONAL PROJECTS FROM PIKEVILLE TO PADUCAH. IN 2022, WE AWARDED $64,800 TO 22 ORGANIZATIONS. TO DATE, WE HAVE GRANTED OVER $520,000 TO 70+ COMMUNITY ORGANIZATIONS THROUGHOUT THE COMMONWEALTH. JUSTFUNDKY IS PROUD TO HELP TRANSFORM THE LANDSCAPE OF KENTUCKY TO BRIGHTEN THE LIVES OF ITS LGBTQ CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandl Skirvin President | OfficerTrustee | 2 | $0 |
David Lafferty Treasurer | OfficerTrustee | 1 | $0 |
Bernadette Barton Secretary | OfficerTrustee | 1 | $0 |
Ernesto Scorsone Ex Officio And Vice President | OfficerTrustee | 1 | $0 |
Mark Johnson Director | Trustee | 1 | $0 |
Kevin Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $10,994 |
| Membership dues | $0 |
| Fundraising events | $71,050 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,858 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,902 |
| Total Program Service Revenue | $3,077 |
| Investment income | $81,149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,581 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $198,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,607 |
| 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 | $2,800 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,444 |
| Fees for services: Other | $15,366 |
| Advertising and promotion | $805 |
| Office expenses | $5,396 |
| Information technology | $708 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $214 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250 |
| Interest | $0 |
| Payments to affiliates | $212 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $389 |
| All other expenses | $0 |
| Total functional expenses | $109,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,783 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,974 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,854,283 |
| Total assets | $1,870,040 |
| 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 | $1,870,040 |
| 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 | $1,870,040 |
Grants Awarded
Over the last fiscal year, Just Fund Education Project Inc has awarded $13,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PFLAG OF SOMERSET PURPOSE: Support for a one-time area event for LGBTQ persons in a rural section of the state that normally does not receive a lot of grant support for programming. | $5,150 |
LOUISVILLE PRIDE FOUNDATION PURPOSE: To support the "Wellness Summit" for LGBTQ persons, and event held by the Louisville Pride Foundation. | $8,050 |