The Community Foundation Of Louisville Inc
- Assets
- $675.5m
- Revenue
- $70.6m
- Investments
- $181.0m
- Employees
- 39
- Location
- Louisville, KY
- Founding
- 12/1980
- Data as of
- 06/2021
- EIN
- 31-0997017
Organization Overview
The Community Foundation Of Louisville Inc is located in Louisville, KY. The organization was established in 1980. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Community Foundation Of Louisville Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Louisville 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, Community Foundation Of Louisville Inc generated $70.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $38.8m during the year ending 06/2021. While expenses have increased by 1.6% 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.
Since 2015, Community Foundation Of Louisville Inc has awarded 3,822 individual grants totaling $269,511,511. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN OUR REGION THROUGH INSPIRED PHILANTHROPY AND OUTSTANDING STEWARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTE CONTRIBUTIONS AND GRANTS TO 501(C)(3) ORGANIZATIONS CLASSIFIED AS 509(A).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Claire Alagia Director (partial Year) | Trustee | 1 | $0 |
Gary Ulmer Director (partial Year) | Trustee | 1 | $0 |
Angie Evans Director | Trustee | 1 | $0 |
Jerry Abramson Director | Trustee | 1 | $0 |
Stephanie Bateman Director | Trustee | 1 | $0 |
Gwen Kelly Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,888,654 |
| Investment income | $11,241,859 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,678,750 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,628,491 |
| Statement of Expenses | |
|---|---|
| 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. | $756,521 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,788,265 |
| Pension plan accruals and contributions | $43,528 |
| Other employee benefits | $167,654 |
| Payroll taxes | $183,961 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,661 |
| Fees for services: Accounting | $53,558 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $588,271 |
| Fees for services: Other | $48,704 |
| Advertising and promotion | $136,977 |
| Office expenses | $115,295 |
| Information technology | $174,001 |
| Royalties | $0 |
| Occupancy | $180,826 |
| Travel | $3,327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $864 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,174 |
| Insurance | $49,083 |
| All other expenses | $0 |
| Total functional expenses | $38,796,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,409,089 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $230,928 |
| Accounts receivable, net | $1,698,226 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,328,039 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $61,246 |
| Investments—publicly traded securities | $457,128,998 |
| Investments—other securities | $180,985,796 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $547,865 |
| Total assets | $675,486,716 |
| Accounts payable and accrued expenses | $1,117,674 |
| Grants payable | $518,917 |
| Deferred revenue | $10,000 |
| 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 | $24,000,684 |
| Total liabilities | $25,647,275 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $649,839,441 |
Grants Awarded
Over the last fiscal year, The Community Foundation Of Louisville Inc has awarded $38,918,347 in support to 555 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE FUND PURPOSE: T99 OTHER PHILANTHROPY VOLUNTARISM AND GRANTMAKING FOUNDATIONS N.E.C.* | $3,622,023 |
LOUISVILLE COLLEGIATE SCHOOL PURPOSE: B20 ELEMENTARY SECONDARY ED | $2,044,136 |
UNIVERSITY OF LOUISVILLE FOUNDATION INC PURPOSE: B11 SINGLE ORGANIZATION SUPPORT | $1,371,976 |
EVOLVE502 INC PURPOSE: B99 EDUCATION N.E.C.* | $1,100,000 |
BANK OF AMERICA CHARITABLE GIFT FUND PURPOSE: T70 FUNDRAISING ORGANIZATIONS THAT CROSS CATEGORIES (INCLUDES COMMUNITY FUNDS) | $970,263 |
BELLARMINE UNIVERSITY PURPOSE: B43 UNIVERSITY OR TECHNOLOGICAL | $393,285 |