The Community Foundation Of Louisville Corporate Depository In
- Assets
- $18.0m
- Revenue
- $13.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 09/1986
- Data as of
- 06/2022
- EIN
- 61-1100993
Organization Overview
The Community Foundation Of Louisville Corporate Depository In is located in Louisville, KY. The organization was established in 1986. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Louisville Corporate Depository In 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 06/2022, Community Foundation Of Louisville Corporate Depository In generated $13.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $11.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Foundation Of Louisville Corporate Depository In has awarded 1,498 individual grants totaling $71,023,946. 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
TO FACILITATE DONORS' CHARITABLE GIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTE GRANTS AND CONTRIBUTIONS TO 501(C)(3) ORGANIZATIONS QUALIFYING UNDER SECTION 509(A).
IN THE NORMAL COURSE OF ITS BUSINESS THE COMMUNITY FOUNDATION OF LOUISVILLE CORPORATE DEPOSITORY, INC. FISCALLY SPONSORS VARIOUS CHARITABLE PROJECTS IN THE LOUISVILLE METRO AREA. AT JUNE 30, 2022 THERE WERE 7 SUCH PROJECTS. EVERY PROJECT IS REVIEWED AND APPROVED BY THE FOUNDATION'S MISSION AND IMPACT COMMITTEE AND BY THE BOARD OF DIRECTORS PRIOR TO ACTIVATION TO ENSURE PROPOSED PROJECTS ARE CONSISTENT WITH THE COMMUNITY FOUNDATION'S TAX EXEMPT MISSION, AS DESCRIBED HEREIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Gallo President & CEO | Officer | 5 | $0 |
Matthew L Bacon VP & CFO | Officer | 5 | $0 |
Trisha Finnegan Chief Strategy Officer (end Date 6/23/22) | Officer | 5 | $0 |
Heather Cash Vp, Development & Stewards | Officer | 5 | $0 |
Janet Walther Vp, Communications & Marke | Officer | 5 | $0 |
Ramona Dallum Vp, Equity & Impact | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $200,650 |
| Membership dues | $0 |
| Fundraising events | $31,436 |
| Related organizations | $755,996 |
| Government grants | $582 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,163,856 |
| Noncash contributions included in lines 1a–1f | $2,482,315 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,152,520 |
| Total Program Service Revenue | $0 |
| Investment income | $214,475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$134,237 |
| Net Income from Fundraising Events | -$45,797 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,186,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,821,313 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $119,329 |
| Fees for services: Other | $32,311 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,712,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $642,215 |
| Savings and temporary cash investments | $6,013,769 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,770 |
| 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 | $11,279,356 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,995,110 |
| Accounts payable and accrued expenses | $91,919 |
| Grants payable | $291,558 |
| 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 | $155,009 |
| Total liabilities | $538,486 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $17,456,624 |
| 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 | $17,995,110 |
Grants Awarded
Over the last fiscal year, The Community Foundation Of Louisville Corporate Depository In has awarded $8,945,989 in support to 167 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF MUSIC PRODUCTION EDUCATION AND DEVELOPMENT PURPOSE: A68 MUSIC | $84,400 |
A RECIPE TO END HUNGER PURPOSE: K12 FUNDRAISING AND/OR FUND DISTRIBUTION | $10,182 |
ACTIVE HEROES PURPOSE: P20 HUMAN SERVICE ORGANIZATIONS | $5,516 |
ALZHEIMER'S ASSOCIATION - LOUISVILLE PURPOSE: G83 ALZHEIMER'S | $14,483 |
AMERICAN HEART ASSOCIATION PURPOSE: G43 HEART AND CIRCULATORY SYSTEM | $31,000 |
AMERICAN PRINTING HOUSE FOR THE BLIND INC PURPOSE: A33 PRINTING PUBLISHING | $8,777 |