Garden Club Of Kentucky Inc
- Assets
- $755.6k
- Revenue
- $73.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, KY
- Founding
- 03/2004
- Data as of
- 03/2024
- EIN
- 61-0720087
Organization Overview
Garden Club Of Kentucky Inc is located in Richmond, KY. The organization was established in 2004. According to its NTEE Classification (C42) the organization is classified as: Garden Clubs, under the broad grouping of Environment and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Garden Club Of Kentucky 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 03/2024, Garden Club Of Kentucky Inc generated $73.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $87.2k during the year ending 03/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HORTICULTURE AND AGRICULTURE WITHIN THE STATE OF KENTUCKY, ENCOURAGE CONSERVATION AND PRESERVATION, AND PROVIDE TUITION ASSISTANCE TO AGRICULTURAL PROGRAMS AT UNIVERSITIES WITHIN THE STATE OF KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY SCHOLARSHIPS FOR AGRICULTURE/HORTICULTURE STUDENTS.
MAINTENANCE AND PRESERVATION OF HISTORIC HOMES AND GARDENS, CURRENTLY USED AS STATE HEADQUARTERS AND AVAILABLE TO THE PUBLIC FOR HORTICULTURAL/ARCHITECTURAL EDUCATION. MAINTENANCE AND PRESERVATION OF THE ARBORETUM, WHICH IS AVAILABLE TO THE PUBLIC FOR STUDY OF PARTICULAR HORTICULTURAL SPECIMENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Throneberry President | Officer | 5 | $0 |
Sharon Burcham Vice Preside | Officer | 5 | $0 |
Debbie Skaggs Vice Preside | Officer | 5 | $0 |
Carla Hawkins Vice Preside | Officer | 5 | $0 |
Mary Ann Hext Secretary | Officer | 5 | $0 |
Tina Mickelson Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,940 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,980 |
| Total Program Service Revenue | $46,980 |
| Investment income | $22,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,349 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,859 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,625 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,557 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,651 |
| Office expenses | $15,465 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,800 |
| Travel | $0 |
| 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 | $5,652 |
| All other expenses | $0 |
| Total functional expenses | $87,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,799 |
| Savings and temporary cash investments | $36,301 |
| 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 | $586,498 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $755,598 |
| 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 | $378,533 |
| Net assets with donor restrictions | $377,065 |
| 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 | $755,598 |
Grants Awarded
Over the last fiscal year, Garden Club Of Kentucky Inc has awarded $14,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF KENTUCKY PURPOSE: SCHOLARSHIP | $7,000 |
WESTERN KENTUCKY UNIVERSITY PURPOSE: SCHOLARSHIP | $7,500 |