Leadership Kentucky Foundation Inc is located in Frankfort, KY. The organization was established in 1989. 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 12/2021, Leadership Kentucky Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership Kentucky Foundation 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 12/2021, Leadership Kentucky Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $706.1k during the year ending 12/2021. While expenses have increased by 6.5% 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
BROADENS THE PERSPECTIVES OF CURRENT AND EMERGING LEADERS THROUGH EXPERIENTIAL EDUCATION THAT INSPIRES THEM TO ADVANCE KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORE LEADERSHIP KENTUCKY PROGRAM BEGAN IN 1985 AND BRINGS TOGETHER A SELECT GROUP OF PEOPLE WHO POSSESS A BROAD VARIETY OF LEADERSHIP ABILITIES, CAREER ACCOMPLISHMENTS, AND VOLUNTEER ACTIVITIES TO GAIN INSIGHT INTO COMPLEX ISSUES FACING THE STATE. THROUGH A SERIES OF SEVEN MONTHLY, THREE-DAY SESSIONS, HELD IN VARIOUS LOCATIONS IN THE STATE, OUR PARTICIPANTS ARE EDUCATED ABOUT THE COMMONWEALTH OF KENTUCKY AND ITS CHALLENGES. THEY MEET AND TALK WITH KENTUCKY'S CURRENT LEADERS, AND THROUGH A SYSTEMATIC EDUCATIONAL PROGRAM, EXPLORE THE STATE'S OPPORTUNITIES, NEEDS AND RESOURCES. KENTUCKY'S RICH CULTURAL HERITAGE AND ITS UNIQUE DIVERSITY ARE WOVEN THROUGHOUT THE CURRICULUM THAT FEATURES THE STATE'S ECONOMY, EDUCATION, HEALTH AND HUMAN SERVICES, LAW AND JUSTICE, MILITARY, NATURAL RESOURCES, ARTS, GOVERNMENT, AND TOURISM. IN ADDITION, LEADERSHIP KENTUCKY PROVIDES A THOUGHT-PROVOKING EXPERIENCE FOCUSING ON THE ATTRIBUTES OF LEADERSHIP AND WHAT IT MEANS TO BE A LEADER. BY VISITING VARIOUS REGIONS OF THE COMMONWEALTH, CLASS PARTICIPANTS DEVELOP AN ENHANCED VIEW AND A NEW MEANING TO THE WORD COMMUNITY THAT SPANS THE ENTIRE STATE.DURING 2021, LKY LED A CLASS OF 48 LEADERS FROM ACROSS THE STATE TO FULFILL ITS MISSION. LEADERSHIP KENTUCKY'S SELECTED PARTICIPANTS WERE REQUIRED TO PAY TUITION OF $3,500 FOR 2021. FOR THIS INVESTMENT, THE PARTICIPANT AND THEIR SPONSORING BUSINESS OR ORGANIZATION SEES A RETURN ON THAT INVESTMENT IN EXPERT SPEAKERS, BOOKS, PROGRAM CONTENT, MEALS, TRANSPORTATION AND VENUE ADMISSIONS. ADDITIONAL RETURN ON INVESTMENT IS SEEN THROUGH THE CLASS CONTENT AS THEY LEARN FIRSTHAND THE COMPLEX CRITICAL ISSUES FACING KENTUCKY AND ITS CITIZENS; THEIR BROADENED CIRCLE OF CONTACTS AND NEW ALLIANCES BUILT ACROSS THE STATE; THEY ARE EDUCATED, PREPARED AND INSPIRED TO RETURN TO THEIR RESPECTIVE COMMUNITIES AND ACHIEVE AN EVEN HIGHER LEVEL OF CIVIC PARTICIPATION IN A UNITED EFFORT TO MAKE KENTUCKY A BETTER PLACE FOR ALL ITS CITIZENS.
ELEVATE KENTUCKY FEATURES APPROXIMATELY 25 MEMBERS (AGES 25-35) EACH YEAR. ELEVATE KENTUCKY'S SELECTED PARTICIPANTS PAY TUITION OF $1,900. ELEVATE KENTUCKY OFFERS YOUNG PROFESSIONALS IN-DEPTH PERSONAL AND PROFESSIONAL DEVELOPMENT WHILE FOSTERING A BETTER UNDERSTANDING OF CHALLENGES FACING OUR COMMONWEALTH. ELEVATE PARTICIPANTS RETURN TO THEIR COMPANIES WITH INCREASED SKILLS, KNOWLEDGE, PERSPECTIVE, AND A NEW STATEWIDE PROFESSIONAL NETWORK. MILLENNIAL LEADERS ARE BETTER PREPARED TO BE CATALYSTS IN THEIR COMPANIES AND COMMUNITIES IN AN EFFORT TO ELEVATE KENTUCKY.
BRIGHT KENTUCKY IS DESIGNED TO BUILD THE CAPACITY OF NEXT-GENERATION LEADERS (AVERAGE AGE 21-40 WITH APPROXIMATELY 45 PARTICIPANTS IN THE COHORT) IN THE APPALACHIAN REGION OF KENTUCKY TO INNOVATE, COLLABORATE, AND ADVANCE COMMUNITY AND ECONOMIC DEVELOPMENT. BRIGHT KENTUCKY ENGAGES BRIGHT, ENTREPRENEURIAL MINDS FROM ALL SECTORS AND EASTERN KENTUCKY REGIONS TO OFFER NON-PARTISAN, ETHICAL LEADERSHIP TRAINING, EXPANDED NETWORKS, AND MENTORS DESIGNED ESPECIALLY FOR RESIDENTS OF THE 54 KENTUCKY COUNTIES OF THE APPALACHIAN REGIONAL COMMISSION (ARC). BRIGHT IS FUNDED THROUGH A GRANT FROM THE ARC AND PRIVATE CONTRIBUTIONS FROM WHITAKER BANK AND OTHERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Janice Way President | Officer | 40 | $158,204 |
Dan Bork Executive Chair | OfficerTrustee | 2 | $0 |
Paula Hanson Treasurer | OfficerTrustee | 0.5 | $0 |
Trey Grayson Secretary | OfficerTrustee | 0.5 | $0 |
Ron Wilson Executive Committee Member | Trustee | 0.5 | $0 |
Perry Allen Executive Committee Member | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $8,510 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $112,580 |
All other contributions, gifts, grants, and similar amounts not included above | $602,284 |
Noncash contributions included in lines 1a–1f | $52,260 |
Total Revenue from Contributions, Gifts, Grants & Similar | $723,374 |
Total Program Service Revenue | $203,950 |
Investment income | $22,723 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $123,947 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,078,544 |
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. | $158,204 |
Compensation of current officers, directors, key employees. | $48,185 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $131,721 |
Pension plan accruals and contributions | $11,945 |
Other employee benefits | $9,345 |
Payroll taxes | $21,533 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $69,758 |
Advertising and promotion | $9,000 |
Office expenses | $1,904 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $7,200 |
Travel | $87,774 |
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 | $10,921 |
All other expenses | $18,799 |
Total functional expenses | $706,111 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,888 |
Savings and temporary cash investments | $660,898 |
Pledges and grants receivable | $50,000 |
Accounts receivable, net | $20,575 |
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 | $955 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $1,475,902 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $74,691 |
Total assets | $2,285,909 |
Accounts payable and accrued expenses | $18,562 |
Grants payable | $0 |
Deferred revenue | $38,560 |
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 | $57,122 |
Net assets without donor restrictions | $1,386,928 |
Net assets with donor restrictions | $841,859 |
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 | $2,285,909 |
Over the last fiscal year, we have identified 1 grants that Leadership Kentucky Foundation Inc has recieved totaling $200,000.
Awarding Organization | Amount |
---|---|
Whitaker Foundation Inc Lexington, KY PURPOSE: SUPPORT OF PROGRAMS | $200,000 |
Beg. Balance | $20,000 |
Ending Balance | $20,000 |
Organization Name | Assets | Revenue |
---|---|---|
Leadership Institute Arlington, VA | $34,291,273 | $30,548,300 |
Association Of Social Work Boards Culpeper, VA | $45,860,207 | $24,599,963 |
Brighton Center Inc Newport, KY | $9,970,830 | $13,102,096 |
Golden Apple Foundation For Excellence In Teaching Chicago, IL | $9,155,466 | $8,943,732 |
Center For Leadership Development Inc Indianapolis, IN | $25,737,944 | $9,330,361 |
Corporate Leadership Center Chicago, IL | $7,176,847 | $2,788,473 |
Kentucky Coalition Inc London, KY | $8,646,468 | $2,988,412 |
Leadership Louisville Foundation Incorporated Louisville, KY | $5,483,171 | $2,662,724 |
Leadership Greater Chicago Inc Chicago, IL | $2,863,395 | $2,316,739 |
Council Of State Governments Lexington, KY | $1,216,113 | $1,765,285 |
Christian Leadership Concepts Inc Brentwood, TN | $1,952,549 | $1,546,078 |
Leadership Memphis Memphis, TN | $2,991,348 | $1,241,155 |