The Conover Foundation Inc
- Assets
- $2.3m
- Revenue
- $104.3k
- Investments
- $2.2m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 04/1999
- Data as of
- 06/2024
- EIN
- 35-6672841
Organization Overview
The Conover Foundation Inc is located in Louisville, KY. The organization was established in 1999. 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. Conover 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 06/2024, Conover Foundation Inc generated $104.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $225.8k during the year ending 06/2024. While expenses have increased by 4.1% 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 2019, Conover Foundation Inc has awarded 166 individual grants totaling $1,006,817. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO VARIOUS LOCAL ORGANIZATIONS 27 ORGANIZATIONS WERE SERVED DURING THE 2023/2024 FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Conover Stroud President | 5 | $0 | |
Name Not Listed Sec/treas | 2 | $0 | |
Christine Conover Stroud Assist Sec | 2 | $0 | |
Name Not Listed Director | 0 | $29,860 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28,474 |
| Dividends & Interest | $49,257 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,977 |
| Capital Gain Net Income | $16,487 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,568 |
| Total Revenue | $104,276 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,860 |
| 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 | $2,220 |
| Total operating and administrative expenses | $35,695 |
| Contributions, gifts, grants paid | $190,100 |
| Total expenses and disbursements | $225,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65,397 |
| 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 | $7,822 |
| Total assets | $2,311,801 |
| 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, The Conover Foundation Inc has awarded $190,100 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ARC OF BARTHOLOMEW COUNTY PURPOSE: CHARITABLE | $2,000 |
BARTHOLOMEW COUNTY HUMANE SOCIETY PURPOSE: CHARITABLE | $9,000 |
CUREPSP PURPOSE: CHARITABLE | $4,000 |
EASTSIDE ELEMENTARY CLOTHE-A-CHILD PURPOSE: CHARITABLE | $4,000 |
ECUMENICAL ASSEMBLY PURPOSE: CHARITABLE | $5,000 |
EDINBURGH DOLLARS FOR SCHOLARS PURPOSE: CHARITABLE | $4,000 |