Methodist Home Of Kentucky
- Assets
- $25.1m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 179
- Location
- Nicholasville, KY
- Founding
- 10/1972
- Data as of
- 12/2021
- EIN
- 61-0458375
Organization Overview
Methodist Home Of Kentucky, operating under the name Ky United Methodist Children's Homes, is located in Nicholasville, KY. The organization was established in 1972. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, KY United Methodist Children's Homes employed 179 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. KY United Methodist Children's Homes 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, KY United Methodist Children's Homes generated $10.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $7.7m during the year ending 12/2021. While expenses have increased by 2.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING FOR THE PHYSICAL, EMOTIONAL, EDUCATIONAL, AND SPIRITUAL NEEDS OF CHILDREN AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NICHOLASVILLE - RESIDENTIAL TREATMENT
MARY KENDALL HOME - RESIDENTIAL TREATMENT
NICHOLASVILLE - INDEPENDENT LIVING AND COMMUNITY SERVICES
MARY KENDALL HOME - INDEPENDENT LIVING AND COMMUNITY SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Hager Love Executive Director | OfficerTrustee | 40 | $82,690 |
Bonnie Banker Trustee | Trustee | 0 | $0 |
Betty Montgomery Trustee | Trustee | 0 | $0 |
Chad Foster Trustee | Trustee | 0 | $0 |
Doug Dean Trustee | Trustee | 0 | $0 |
Doug Stilwell Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,726,720 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,121,842 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,848,562 |
| Total Program Service Revenue | $585,613 |
| Investment income | $522,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $42,629 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,720,560 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $116,555 |
| Other salaries and wages | $3,954,777 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $734,742 |
| Payroll taxes | $299,553 |
| 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 | $1,148,241 |
| Advertising and promotion | $0 |
| Office expenses | $151,970 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $98,667 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $308,651 |
| Insurance | $149,858 |
| All other expenses | $71,766 |
| Total functional expenses | $7,686,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,315,526 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $802,965 |
| 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 | $61,689 |
| Net Land, buildings, and equipment | $10,795,956 |
| Investments—publicly traded securities | $10,112,347 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,378 |
| Total assets | $25,110,861 |
| Accounts payable and accrued expenses | $182,873 |
| 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 | $1,273,761 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $127,328 |
| Total liabilities | $1,583,962 |
| Net assets without donor restrictions | $17,416,548 |
| Net assets with donor restrictions | $6,110,351 |
| 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 | $25,110,861 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Methodist Home Of Kentucky has recieved totaling $224,062.
| Awarding Organization | Amount |
|---|---|
K Josh Mize & Wynona Owen Mize Charitable Trust Dtd 2-23-10 Orlando, FL PURPOSE: GENERAL OPERATING | $68,484 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $45,100 |
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $33,670 |
Owensboro Health Regional Hospital Owensboro, KY PURPOSE: COMMUNITY SUPPORT | $30,558 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $21,250 |
Endowment Analysis
| Beg. Balance | $5,314,818 |
| Earnings | $942,367 |
| Admin Expense | $35,281 |
| Net Contributions | $548,934 |
| Other Expense | $2,694,072 |
| Ending Balance | $4,076,766 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Human Resources Development Institute Inc Chicago, IL | $14,371,854 | $24,270,043 |
Frontstream Global Fund Alexandria, VA | $871,140 | $19,414,740 |
Assyrian National Council Of Illinois Chicago, IL | $17,237,581 | $21,046,154 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Casa Central Social Services Corporation Chicago, IL | $9,927,456 | $19,199,758 |
Central Missouri Community Action Columbia, MO | $7,094,173 | $19,692,460 |
Wheeler Mission Ministries Inc Indianapolis, IN | $56,135,021 | $28,744,599 |
Stark County Community Action Agency Canton, OH | $8,005,138 | $17,758,895 |
Community Action Organization Of Scioto County Inc Portsmouth, OH | $5,541,506 | $17,941,143 |
Commonwealth Catholic Charities Richmond, VA | $9,806,748 | $17,802,660 |
Onesight Mason, OH | $26,405,119 | $15,913,386 |
Ohio Heartland Community Action Marion, OH | $4,922,800 | $17,262,322 |