Kosair Charities Committee Inc
- Assets
- $258.9m
- Revenue
- $19.9m
- Investments
- $14.2m
- Employees
- 28
- Location
- Louisville, KY
- Founding
- 12/1939
- Data as of
- 09/2022
- EIN
- 61-0514703
Organization Overview
Kosair Charities Committee Inc is located in Louisville, KY. The organization was established in 1939. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 09/2022, Kosair Charities Committee Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kosair Charities Committee 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 09/2022, Kosair Charities Committee Inc generated $19.9m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $18.1m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Kosair Charities Committee Inc has awarded 578 individual grants totaling $68,648,711. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE THE HEALTH AND WELL-BEING OF CHILDREN BY DELIVERING FINANCIAL SUPPORT FOR HEALTHCARE, RESEARCH, EDUCATION, SOCIAL SERVICES, AND CHILD ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KENTUCKY YOUTH ADVOCATES: THE KOSAIR CHARITIES FACE IT MOVEMENT HAS A MISSION TO END CHILD ABUSE AND NEGLECT IN KENTUCKY. WE USE A THREE-PRONGED APPROACH THAT PRIORITIZES ENGAGING THE COMMUNITY, THE PROMOTION OF BEST PRACTICES IN CHILD ABUSE PREVENTION AND INTERVENTION, AND ADVOCATING FOR EFFECTIVE POLICIES TO IMPROVE THE SYSTEMS THAT INTERACT WITH CHILDREN AND FAMILIES.
KIDS CENTER FOR PEDIATRIC THERAPIES, LOUISVILLE, KY: WE SEEK FUNDING TO ENSURE EVERY CHILD REGARDLESS OF THEIR FAMILIES' FINANCIAL STATUS HAS ACCESS TO THERAPEUTIC SERVICES NEEDED TO LIVE THEIR BEST POSSIBLE LIVES. SPECIFICALLY, WE REQUEST FUNDS FOR PROGRAM SERVICES TO COVER THE DEFICIT OF TREATING KIDS WITH MEDICAID.
GILDA'S CLUB OF KENTUCKIANA: FOUNDED IN 2005 BY SIX LOUISVILLE CANCER SURVIVORS, GILDA'S CLUB LOUISVILLE OPENED ITS RED DOORS 15 YEARS AGO, BECOMING THE FIRST CANCER SUPPORT COMMUNITY OF ITS KIND IN THE AREA WITH THE UNIQUE MISSION OF ENSURING THOSE AFFECTED BY CANCER ARE EMPOWERED BY KNOWLEDGE, STRENGTHENED BY ACTION, AND SUSTAINED BY COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Carter Treasurer | OfficerTrustee | 3 | $0 |
David Owen Trustee | Trustee | 3 | $0 |
Kenneth E Reiss Chairman | OfficerTrustee | 3 | $0 |
Larry Craig Board Member | Trustee | 3 | $0 |
Robert Flowers Board Member | Trustee | 3 | $0 |
Harry Lusk Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Red7e Inc Advertising | 9/29/22 | $263,201 |
Humana Inc Health Insurance | 9/29/22 | $185,406 |
Spectrum Reach Advertising | 9/29/22 | $113,344 |
Louisville Gas & Electric Utilities | 9/29/22 | $105,928 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $112,578 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,497,690 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,610,268 |
| Total Program Service Revenue | $0 |
| Investment income | $6,399,908 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$75,221 |
| Net Gain/Loss on Asset Sales | $10,630,943 |
| Net Income from Fundraising Events | $328,401 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,894,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,511,697 |
| Grants and other assistance to domestic individuals. | $833,584 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $646,776 |
| Compensation of current officers, directors, key employees. | $444,963 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,253,224 |
| Pension plan accruals and contributions | $143,049 |
| Other employee benefits | $149,058 |
| Payroll taxes | $128,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $97,743 |
| Fees for services: Accounting | $42,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $996,261 |
| Fees for services: Other | $80,399 |
| Advertising and promotion | $740,108 |
| Office expenses | $223,054 |
| Information technology | $78,259 |
| Royalties | $0 |
| Occupancy | $17,361 |
| Travel | $2,179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,419 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,574 |
| All other expenses | $0 |
| Total functional expenses | $18,080,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $650 |
| Savings and temporary cash investments | $436,570 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,898 |
| 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 | $87,569 |
| Net Land, buildings, and equipment | $6,217,661 |
| Investments—publicly traded securities | $236,509,179 |
| Investments—other securities | $14,202,690 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,379,495 |
| Total assets | $258,913,712 |
| Accounts payable and accrued expenses | $312,689 |
| Grants payable | $16,514,524 |
| Deferred revenue | $185,394 |
| 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 | $107,473 |
| Total liabilities | $17,120,080 |
| Net assets without donor restrictions | $81,173,987 |
| Net assets with donor restrictions | $160,619,645 |
| 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 | $258,913,712 |
Grants Awarded
Over the last fiscal year, Kosair Charities Committee Inc has awarded $12,308,621 in support to 98 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST HEALTH DEACONESS MADISONVILLE FOUNDATION INC PURPOSE: SEE SCHEDULE O | $200,700 |
BAPTIST HEALTH FOUNDATION HARDIN PURPOSE: SEE SCHEDULE O | $150,000 |
BAYA CORPORATION PURPOSE: SEE SCHEDULE O | $30,000 |
BIG BROTHERS BIG SISTERS PURPOSE: SEE SCHEDULE O | $50,000 |
BLUEGRASS CENTER FOR AUTISM PURPOSE: SEE SCHEDULE O | $383,164 |
BULLITT COUNTY SCOTTISH RITE PURPOSE: SEE SCHEDULE O | $32,000 |