Just Fund Education Project Inc
- Assets
- $2.1m
- Revenue
- $439.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 02/2008
- Data as of
- 12/2021
- 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 12/2021, JustFundKy generated $439.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.8% each year . All expenses for the organization totaled $97.9k during the year ending 12/2021. While expenses have increased by 5.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 PROJECTS THAT WERE FUNDED RANGED WIDELY, FROM PUBLIC ART PERFORMANCES, MATERIALS AND RESOURCES FOR EDUCATION, ADVOCACY, CHILD AND YOUTH SERVICES, RELIGIOUS TOLERANCE, AND AFRICAN-AMERICAN MINORITY GROUPS. THE 2021 GRANTS WERE AWARDED TO: LEXINGTON GAY SERVICES ORGANIZATION INC, BAN CONVERSION THERAPY KENTUCKY INC, POWELL COUNTY PUBLIC LIBRARY, ARBOR YOUTH SERVICES, BLUEGRASS COMMUNITY & TECHNICAL COLLEGE, DRAG QUEEN STORYTIME - KENTUCKY, INSTITUTE 193 INC, ROMAN CATHOLIC DIOCESE OF LEXINGTON KY, LEXINGTON COMMUNITY RADIO, UNICERSITY OF LOUISVILLE FOUNDATION INC, QUEER KENTUCKY INCORPORATED, UK COLLEGE OF AGRICULTURE, ASHLAND PRIDE LLC, PARENT FRIENDS AND FAMILY OF LESBIANS AND GAYS INC, PIKEVILLE PRIDE, AND THE LOUISVILLE PRIDE FOUNDATION.
IN 2021 WE CONTINUED OUR SOCIAL MEDIA OUTREACH AND EDUCATIONAL EFFORTS, AND HELD A LIVE PUBLIC ENGAGEMENT EVENT AT THE 21C HOTEL HONORING LONG TIME BOARD MEMBER, THE LATE CLIFF TODD. IN THE FALL OF 2021, JUSTFUNDKY CELEBRATED A MILESTONE - THE CLIFF TODD ENDOWED FUND REACHED $2M. TOGETHER, WITH THE HELP OF THOUSANDS OF VOLUNTEERS AND THE GENEROSITY OF OUR COMMUNITY, WE HAVE CREATED ONE OF THE LARGEST PERMANENT LGBTQ ENDOWMENTS IN THE SOUTH. WE USED THIS OCCASION TO CELEBRATE CLIFF'S LIFE, AS WE LOST OUR DEAR FRIEND AND BENEFACTOR EARLIER IN THE YEAR. HIS MEMORY WILL LIVE ON THROUGH THE WORK OF JUSTFUNDKY AND THE ANNUAL CLIFF TODD GRANTS. ON SATURDAY NOVEMBER 20TH WE CAME TOGETHER TO HONOR THIS MOST AUSPICIOUS OCCASION WITH A CELEBRATION AT 21C IN LEXINGTON. HUNDREDS OF PEOPLE CAME TOGETHER TO SHARE STORIES, RE-KINDLE RELATIONSHIP, DRINK, DANCE AND REMEMBER ALL THE HARD WORK AND GENEROSITY THAT HAS GONE INTO BUILDING THE ENDOWMENT. TOGETHER, OUR EFFORTS AND RESOURCES HAVE ALLOWED US TO BE INVOLVED WITH LGBTQ WORK IN EVERY COUNTY IN THE COMMONWEALTH OF KENTUCKY. BY THE END OF 2021, WE HAVE AWARDED $455,000.00 TO 65 UNIQUE GROUPS. IT WAS A WONDERFUL NIGHT OF CELEBRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandl Skirvin President | Officer | 2 | $0 |
David Lafferty Treasurer | Officer | 1 | $0 |
Bernadette Barton Secretary | Officer | 1 | $0 |
Ernesto Scorsone Ex Officio And Vice President | Officer | 1 | $0 |
Mark Johnson Director | Trustee | 1 | $0 |
Kevin Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,968 |
| Membership dues | $0 |
| Fundraising events | $13,176 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,994 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,138 |
| Total Program Service Revenue | $0 |
| Investment income | $372,890 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $439,028 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,245 |
| 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 | $2,541 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,348 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,076 |
| Office expenses | $11,874 |
| Information technology | $444 |
| 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 | $387 |
| All other expenses | $0 |
| Total functional expenses | $97,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,089 |
| Savings and temporary cash investments | $103,375 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,550 |
| 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 | $1,970,512 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,114,526 |
| 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 | $2,114,526 |
| 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 | $2,114,526 |
Grants Awarded
Over the last fiscal year, Just Fund Education Project Inc has awarded $13,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Louisville, KY PURPOSE: To support the "Wellness Summit" for LGBTQ persons, and event held by the Louisville Pride Foundation. | $8,050 |
Washington, DC 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 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Just Fund Education Project Inc has recieved totaling $45,785.
| Awarding Organization | Amount |
|---|---|
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $45,785 |
Endowment Analysis
| Beg. Balance | $1,769,432 |
| Earnings | $372,890 |
| Admin Expense | $10,348 |
| Net Contributions | $2,647 |
| Other Expense | $14,950 |
| Grants | $45,785 |
| Ending Balance | $2,073,886 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aids Ministries-Aids Assist Of North Indiana Inc South Bend, IN | $2,144,076 | $1,989,193 |
Equality Ohio Education Fund Columbus, OH | $663,905 | $1,167,587 |
Lesbian Gay Bisexual & Transgender Comn Ctr Of Greater Cleveland Cleveland, OH | $7,865,438 | $1,732,066 |
Equality Virginia Richmond, VA | $664,486 | $747,558 |
Reconciling Ministries Network Chicago, IL | $459,828 | $862,014 |
Illinois Safe Schools Alliance Chicago, IL | $159,610 | $477,605 |
Project Fierce Chicago Inc Chicago, IL | $0 | $0 |
Gay And Lesbian Alumni Ae Of The University Of Notre Dame Notre Dame, IN | $48,627 | $0 |
Project Right Side Foundation Arlington, VA | $0 | $291,343 |
Lexington Gay Services Organization Inc Lexington, KY | $199,999 | $179,781 |
The Open And Affirming Coalition Of The United Church Of Christ Cleveland, OH | $205,077 | $204,969 |
Tennessee Equality Project Foundation Nashville, TN | $145,837 | $75,426 |