Baker-Hunt Foundation Inc
- Assets
- $705.3k
- Revenue
- $789.5k
- Investments
- $0.0
- Employees
- 23
- Location
- Covington, KY
- Founding
- 03/1943
- Data as of
- 12/2021
- EIN
- 61-0445824
Organization Overview
Baker-Hunt Foundation Inc is located in Covington, KY. The organization was established in 1943. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Baker-Hunt Foundation Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baker-Hunt 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, Baker-Hunt Foundation Inc generated $789.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $580.0k during the year ending 12/2021. While expenses have increased by 13.2% 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
FINE ARTS APPRECIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART EDUCATION AND APPRECIATION
ART EDUCATION AND APPRECIATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Roth President | OfficerTrustee | $0 | |
Lydia Robinson Board Member | Trustee | $0 | |
Kevin Murray Secretary | Trustee | $0 | |
Michelle Murray Tibbs Board Member | Trustee | $0 | |
Dennis Williams Trustee / Di | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,460 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,265 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,725 |
| Total Program Service Revenue | $242,907 |
| Investment income | $331,098 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,611 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $789,508 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,477 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,622 |
| Fees for services: Accounting | $9,518 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $426 |
| Fees for services: Other | $10,771 |
| Advertising and promotion | $6,743 |
| Office expenses | $19,445 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,077 |
| Travel | $209 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $27,134 |
| All other expenses | $841 |
| Total functional expenses | $579,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $705,341 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $705,341 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $705,341 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $705,341 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Baker-Hunt Foundation Inc has recieved totaling $10,045.
| Awarding Organization | Amount |
|---|---|
R C Durr Foundation Inc Covington, KY PURPOSE: GENERAL SUPPORT | $5,000 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Association For The Performing Arts Columbus, OH | $17,900,822 | $9,227,744 |
Pro Musica Chamber Orchestra Of Columbus Inc Columbus, OH | $5,145,950 | $3,041,933 |
Baker-Hunt Foundation Inc Covington, KY | $705,341 | $789,508 |
Mchenry County Music Center Crystal Lake, IL | $59,326 | $251,727 |
Zoras House Inc Columbus, OH | $407,394 | $621,638 |
Lexington Philharmonic Orchestra Foundation Inc Lexington, KY | $2,728,841 | $174,681 |
Foundation For Art And Music In Elementary Education Inc Fort Wayne, IN | $265,806 | $177,296 |
Peoria Players Peoria, IL | $266,404 | $174,519 |
Irish Restoration Association Inc Munroe Falls, OH | $169,930 | $0 |
Van Wyk Charitable Foundation Inc Chicago, IL | $196,280 | $281,280 |
The Downtown Dream Machine Memphis, TN | $318,252 | $0 |
Tates Creek Dance Team Booster Club Inc Lexington, KY | $1,902 | $0 |