The Community Foundation Of Louisville Inc
- Assets
- $675.5m
- Revenue
- $70.6m
- Investments
- $181.0m
- Employees
- 33
- 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 06/2021, Community Foundation Of Louisville Inc employed 33 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 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $38.8m during the year ending 06/2021. While expenses have increased by 1.9% per year over the past 6 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 3,811 individual grants totaling $266,573,906. 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
990T
Mission & Program ActivityExcerpts From the 990T 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:
DISTRIBUTE CONTRIBUTIONS AND GRANTS TO 501(C)(3) ORGANIZATIONS CLASSIFIED AS 509(A).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew L Bacon VP & CFO | Officer | 38.9 | $219,142 |
Trisha Finnegan Chief Strategy Officer | Officer | 40 | $132,880 |
Ronald Gallo President & CEO | Officer | 39.9 | $117,311 |
Janet Walther Vp, Communications & Marketing | Officer | 40 | $115,951 |
Heather Cash Vp, Development & Stewardship | Officer | 39.9 | $110,515 |
Stephanie H Smith Board Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,763,513 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,125,141 |
| Noncash contributions included in lines 1a–1f | $11,486,382 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,888,654 |
| Total Program Service Revenue | $1,819,078 |
| 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 organizations and domestic governments. | $34,110,489 |
| 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 of current officers, directors, key employees. | $216,736 |
| 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 | $55,295 |
| 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 |
| Net Land, buildings, and equipment | $96,529 |
| 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 | $312,156,923 |
| Net assets with donor restrictions | $337,682,518 |
| 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 | $675,486,716 |
Grants Awarded
Over the last fiscal year, The Community Foundation Of Louisville Inc has awarded $29,162,033 in support to 486 organizations.
| Grant Recipient | Amount |
|---|---|
Louisville, KY PURPOSE: A69 SYMPHONY ORCHESTRAS | $1,102,249 |
Louisville, KY PURPOSE: P30 CHILDREN'S AND YOUTH SERVICES | $972,837 |
Louisville, KY PURPOSE: B11 SINGLE ORGANIZATION SUPPORT | $953,335 |
New Rochelle, NY PURPOSE: B EDUCATIONAL INSTITUTIONS | $781,000 |
Louisville, KY PURPOSE: A12 FUNDRAISING AND/OR FUND DISTRIBUTION | $642,890 |
Louisville, KY PURPOSE: B70 LIBRARIES LIBRARY SCIENCE | $632,600 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Community Foundation Of Louisville Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Jarosz Family Foundation Hinsdale, IL PURPOSE: FAMILY COMMUNITY CLINIC | $10,000 |
The Hazel & Walter T Bales Foundation Inc Jeffersonville, IN PURPOSE: GENERAL | $10,000 |
Gilbert Foundation Inc Prospect, KY PURPOSE: EDUCATIONAL - LYPC OPERATIONS | $5,000 |
Endowment Analysis
| Beg. Balance | $499,394,417 |
| Earnings | $164,677,394 |
| Admin Expense | $5,617,750 |
| Net Contributions | $39,070,731 |
| Grants | $33,769,316 |
| Ending Balance | $663,755,476 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Louis Community Foundation Incorporated St Louis, MO | $436,956,368 | $124,413,038 |
Mount Sinai Community Foundation Chicago, IL | $11,409,546 | $72,991,931 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
The Community Foundation Inc Richmond, VA | $859,349,771 | $152,790,051 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Dayton Foundation Dayton, OH | $614,105,736 | $82,530,515 |
Charlottesville Area Community Foundation Charlottesville, VA | $339,690,669 | $77,610,040 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |
Hampton Roads Community Foundation Norfolk, VA | $431,066,210 | $16,919,172 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |