Lake Cumberland Community Action Agency Inc
- Assets
- $13.2m
- Revenue
- $17.3m
- Investments
- $0.0
- Employees
- 238
- Location
- Jamestown, KY
- Founding
- 01/1984
- Data as of
- 06/2023
- EIN
- 61-0855431
Organization Overview
Lake Cumberland Community Action Agency Inc is located in Jamestown, KY. The organization was established in 1984. 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 06/2023, Lake Cumberland Community Action Agency Inc employed 238 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Cumberland Community Action Agency 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 06/2023, Lake Cumberland Community Action Agency Inc generated $17.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $17.0m during the year ending 06/2023. While expenses have increased by 5.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE TO PERSONS IN LOW INCOME ENVIRONMENTS TO HAVE ADEQUATE FOOD, SHELTER, HEALTHCARE, EDUCATION AND A SUSTAINABLE HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEADSTART - FOR LOW INCOME FAMILIES UTILIZING A POSITIVE TEAM EFFORT TO ENHANCE THE LIVES OF AT-RISK PRESCHOOL AGE CHRILDREN AND THEIR FAMILIES BY SUPPORTING AND ENRICHING THE CHILD'S DEVELOPMENT, PHYSICAL, SOCIAL, EMOTIONAL, AND INTELLECTUAL GROWTH.
COMMUNITY CONNECTIONS FOR CHILDREN HELPS FAMILIES TO MEET THE SAFETY, PERMANENCY, AND WELL BEING OUTCOMES IN THE ADOPTION & SAFE FAMILIES ACT OF 1997. EXP = $80,137DEPT OF ENERGY - WEATHERIZATION AND LIHEAP DOE ASSISTS PARTICIPANTS IN WEATHERIZING HOMES TO LOWER THEIR PRESENT UTILITY COST. EXP = $361,316MIGRANT HEAD START HELPS MIGRANT FAMILIES BY SUPPORTING AND ENRICHING THE ELIGIBLE CHILD'S DEVELOPMENT, PHYSICAL, SOCIAL, EMOTIONAL, AND INTELLECTUAL GROWTH. EXP = $479,739CHILD CARE AND DEVELOPMENT BLOCK GRANT TO PROVIDE FINANCIAL ASSISTANCE TO LOW INCOMEFAMILIES TO ACCESS CHILD CARE = $13,146VARIOUS OTHER FUNDING - EXP = $2,094,690
LOW INCOME HEAT ENERGY ASSISTANCE PROGRAM PROVIDES ASSISTANCE WITH HOME ENERGY COSTS TO ELIGIBLE PARTICIPANTS
COMMUNITY SERVICE BLOCK GRANT (CSBG) - ASSISTS LOW INCOME AND ELDERLY HOUSEHOLDS BY PROVIDING A RANGE OF SERVICES AND ACTIVITIES THAT HAVE A MEASUREABLE IMPACT ON THE CAUSES OF POVERTY IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Phelps Director | Trustee | 0 | $0 |
Rodney Ballenger Director | Trustee | 0 | $0 |
Janice Blair Director | Trustee | 0 | $0 |
Linda Blankenship Director | Trustee | 0 | $0 |
Larry Russell Bryant Director | Trustee | 0 | $0 |
Marshall Todd Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,263,178 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,045,530 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,308,708 |
| Total Program Service Revenue | $0 |
| Investment income | $11,304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,058 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,338,070 |
| 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. | $4,196,745 |
| Compensation of current officers, directors, key employees. | $518,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,001,098 |
| Payroll taxes | $317,912 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,025 |
| Fees for services: Accounting | $69,073 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $212,328 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $506,644 |
| Travel | $108,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,106 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $439,042 |
| Insurance | $177,753 |
| All other expenses | $2,346,280 |
| Total functional expenses | $16,989,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,921,862 |
| Savings and temporary cash investments | $3,529,093 |
| Pledges and grants receivable | $1,684,365 |
| Accounts receivable, net | $1,535,159 |
| 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 | $83,616 |
| Net Land, buildings, and equipment | $4,004,950 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $459,358 |
| Other assets | $11,650 |
| Total assets | $13,230,053 |
| Accounts payable and accrued expenses | $3,769,736 |
| Grants payable | $82,970 |
| Deferred revenue | $134,799 |
| 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 | $622,368 |
| Total liabilities | $4,609,873 |
| Net assets without donor restrictions | $2,862,749 |
| Net assets with donor restrictions | $5,757,431 |
| 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 | $13,230,053 |