Leadership Louisville Foundation Incorporated
- Assets
- $6.0m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 33
- Location
- Louisville, KY
- Founding
- 08/1979
- Data as of
- 06/2024
- EIN
- 31-0958491
Organization Overview
Leadership Louisville Foundation Incorporated is located in Louisville, KY. The organization was established in 1979. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2024, Leadership Louisville Foundation Incorporated employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership Louisville Foundation Incorporated 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 06/2024, Leadership Louisville Foundation Incorporated generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $3.6m during the year ending 06/2024. While expenses have increased by 8.8% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
WE INSPIRE AND EQUIP LEADERS TO BE BETTER AND DO BETTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY LEADERSHIP PROGRAMS - FIVE COMMUNITY LEADERSHIP PROGRAMS CENTERED ON THE LOUISVILLE REGION ARE OFFERED TO HELP INDIVIDUALS LEAD ORGANIZATIONS AND COMMUNITIES INTO THE FUTURE WITH CONFIDENCE AND VISION. THESE PROGRAMS PROVIDE DIVERSE EXPERIENCES THAT EQUIP PARTICIPANTS WITH THE TOOLS, CONNECTIONS, AND CRITICAL SKILLS TO TURN ENERGY AND PASSION INTO ACCOMPLISHMENT. THEY RANGE FROM 2 DAY TO 1 YEAR LONG EXPERIENCES AND OVER 400 PARTICIPANTS GRADUATE FROM THE FIVE PROGRAMS EACH YEAR (LEADERSHIP LOUISVILLE, IGNITE LOUISVILLE, BINGHAM FELLOWS, FOCUS LOUISVILLE, AND ENCORE LOUISVILLE).
LEADERSHIP SKILLS DEVELOPMENT - ORGANIZATIONS AND INDIVIDUALS FROM ALL SECTORS PARTICIPATE IN TRAINING AND TALENT DEVELOPMENT EXPERIENCES TO BUILD CRITICAL COMPETENCIES THROUGHOUT THEIR LEADERSHIP JOURNEYS. PARTICIPANTS GAIN TRANSFORMATIONAL LEARNING OPPORTUNITIES TO DEVELOP THE CONFIDENCE AND SKILLS TO ENGAGE AND INSPIRE OTHERS, MANAGE CHANGE, THINK STRATEGICALLY, AND MORE. OFFERINGS RANGE FROM ONE AND TWO-DAY TRAINING COURSES, AN ANNUAL DAY OF LEARNING CALLED THE BEST OF LEADERSHIP SUMMIT, AND TRAINING DELIVERED TO SMALL GROUPS WITHIN AN ORGANIZATION.
NETWORKING EVENTS & MEMBERSHIP- ALONG WITH OFFERING MEMBERSHIP IN THE ORGANIZATION, EACH YEAR A CALENDAR OF SPECIAL EVENTS ARE OFFERED TO KEEP PROGRAM GRADUATES AND THE OVERALL COMMUNITY ENGAGED, CONNECTED, AND MOTIVATED FOR POSITIVE CHANGE. THIS INCLUDES AN ANNUAL LEADERSHIP LOUISVILLE LUCHEON, QUARTERLY 100 WISE WOMEN NETWORKING EVENTS, EVENTS DESIGNED SPECIFICALLY FOR DUES PAYING MEMBERS, AND VARIOUS OTHER SPECIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Hancock Immediate Past Chair | OfficerTrustee | 2 | $0 |
Victoria Russel Chair | OfficerTrustee | 2 | $0 |
Megan Verret Vice Chair | OfficerTrustee | 2 | $0 |
Greg Pope Chair-Elect | OfficerTrustee | 2 | $0 |
Christy Ames Director | Trustee | 2 | $0 |
Tawana Bain Director | Trustee | 2 | $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 | $441,872 |
| Noncash contributions included in lines 1a–1f | $3,150 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $441,872 |
| Total Program Service Revenue | $2,368,131 |
| Investment income | $94,110 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,562 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,942,675 |
| 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. | $260,133 |
| Compensation of current officers, directors, key employees. | $28,615 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,435,220 |
| Pension plan accruals and contributions | $98,651 |
| Other employee benefits | $117,051 |
| Payroll taxes | $123,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $226 |
| Fees for services: Accounting | $35,547 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,920 |
| Fees for services: Other | $148,326 |
| Advertising and promotion | $191,589 |
| Office expenses | $51,792 |
| Information technology | $88,909 |
| Royalties | $0 |
| Occupancy | $270,913 |
| Travel | $14,144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $230,916 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152,228 |
| Insurance | $17,387 |
| All other expenses | $50,554 |
| Total functional expenses | $3,629,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,754 |
| Savings and temporary cash investments | $68 |
| Pledges and grants receivable | $128,738 |
| Accounts receivable, net | $613,093 |
| 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 | $67,254 |
| Net Land, buildings, and equipment | $2,611,713 |
| Investments—publicly traded securities | $1,886,148 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $552,383 |
| Total assets | $6,048,151 |
| Accounts payable and accrued expenses | $128,450 |
| Grants payable | $0 |
| Deferred revenue | $1,040,911 |
| 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 | $1,169,361 |
| Net assets without donor restrictions | $3,607,356 |
| Net assets with donor restrictions | $1,271,434 |
| 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 | $6,048,151 |