Butler Foundation
- Assets
- $13.6m
- Revenue
- $7.6m
- Investments
- $12.9m
- Employees
- 0
- Location
- Covington, KY
- Founding
- 07/1980
- Data as of
- 09/2022
- EIN
- 31-0981683
Organization Overview
Butler Foundation is located in Covington, KY. The organization was established in 1980. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Butler Foundation 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 09/2022, Butler Foundation generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 68.9% each year . All expenses for the organization totaled $1.2m during the year ending 09/2022. While expenses have increased by 17.4% per year over the past 4 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.
Since 2020, Butler Foundation has awarded 99 individual grants totaling $1,886,731. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Klare Vice Chair | 1 | $0 | |
Marty Butler Chair | 2 | $0 | |
Mary S Butler Secretary | 1.5 | $0 | |
Tom Banta Treasurer | 1 | $0 | |
Barbara Schaefer Executive Di | 40 | $0 | |
William P Butler Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,544,024 |
| Interest on Savings | $3,454 |
| Dividends & Interest | $216,122 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,774,697 |
| Capital Gain Net Income | $1,774,697 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,338 |
| Total Revenue | $7,550,635 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $277,369 |
| Total operating and administrative expenses | $277,369 |
| Contributions, gifts, grants paid | $923,943 |
| Total expenses and disbursements | $1,201,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,160 |
| Savings and temporary cash investments | $605,940 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $46,340 |
| Total assets | $13,633,201 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Butler Foundation has awarded $923,943 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
Covington, KY PURPOSE: PROGRAM SUPPORT | $150,000 |
NORTHERN KY UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIP SUPPORT | $127,500 |
SOCIETY OF ST VINCENT DEPAUL-NKY PURPOSE: PROGRAM & OPERATING SUPPORT | $88,353 |
ALLIANCE FOR CATHOLIC URBAN EDUCAT PURPOSE: TUITION ASSISTANCE | $50,000 |
COVINGTON CATHOLIC HIGH SCHOOL PURPOSE: SCHOLARSHIP SUPPORT | $49,609 |
Covington, KY PURPOSE: SCHOLARSHIP SUPPORT | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |