Greater Louisville Foundation Inc
- Assets
- $231.3k
- Revenue
- $503.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 04/1988
- Data as of
- 12/2021
- EIN
- 61-1131064
Organization Overview
Greater Louisville Foundation Inc is located in Louisville, KY. The organization was established in 1988. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Louisville Foundation 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 12/2021, Greater Louisville Foundation Inc generated $503.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $437.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 7 years. 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
IDENTIFY, MOBILIZE, AND FUND PROGRAMS TO ADDRESS LOUISVILLE'S GREATEST CHALLENGES REGARDING BUSINESS GROWTH AND INCREASED ECONOMIC PROSPERITY FOR ALL CITIZENS IN THE GREATER LOUISVILLE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT EXPORT DEVELOPMENT ACTIVITIES OF SMALL AND MEDIUM SIZE COMPANIES.
SUPPORT PROGRAMS AND SERVICES THAT CONTRIBUTE TO THE PROSPERITY OF OUR ENTIRE COMMUNITY, INCLUDING EDUCATION, ECONOMIC DEVELOPMENT, JOB CREATION AND ENTREPRENEURIAL AND SMALL BUSINESS DEVELOPMENT.
SUPPORT INITIAL ASSESSMENT FOR IMPLEMENTATION OF ADMINISTRATIVE RELIEF FOR IMMIGRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evelyn Strange Treasurer | OfficerTrustee | 1 | $0 |
Joe Ventura Vice-Chairman | OfficerTrustee | 1 | $0 |
John Crockett Secretary | OfficerTrustee | 1 | $0 |
Matt Thornton Chairman | OfficerTrustee | 1 | $0 |
Sarah Davasher-Wisdom President/ceo | OfficerTrustee | 4 | $0 |
Charles Denny Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $503,462 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $503,462 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $503,462 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $404,487 |
| 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 | $0 |
| Fees for services: Other | $0 |
| 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 | $437,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,680 |
| Savings and temporary cash investments | $2,573 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $231,253 |
| 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 | $121,147 |
| Total liabilities | $121,147 |
| Net assets without donor restrictions | $88,617 |
| Net assets with donor restrictions | $21,489 |
| 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 | $231,253 |
Grants Awarded
Over the last fiscal year, Greater Louisville Foundation Inc has awarded $518,409 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Louisville, KY PURPOSE: ECONOMIC DEVELOPMENT & EDUCATIONAL PROGRAMS | $484,483 |
8TH STREET VENTURES (DBA FLAVORMAN) PURPOSE: EXPORT SUPPORT | $5,700 |
WHIP MIX CORPORATION PURPOSE: EXPORT SUPPORT | $5,700 |
THERMEX THERMATRON LP PURPOSE: EXPORT SUPPORT | $5,700 |
KHAFRA ENGINEERING CONSULTANTS INC PURPOSE: EXPORT SUPPORT | $5,626 |
BLAZE PRODUCTS CORPORATION PURPOSE: EXPORT SUPPORT | $5,600 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Greater Louisville Foundation Inc has recieved totaling $282,600.
| Awarding Organization | Amount |
|---|---|
Gheens Foundation Inc Louisville, KY PURPOSE: SUPPORT EXPORT DEVELOPMENT ACTIVITIES OF SMALL AND MEDIUM SIZE COMPANIES AND SUPPORT PROGRAMS THAT CONTRIBUTE TO THE PROSPERITY OF THE COMMUNITY | $100,000 |
Yum Brands Foundation Inc Louisville, KY PURPOSE: UNRESTRICTED CONTRIBUTIONS TO 501(C)(3) | $65,000 |
Papa Johns Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
Baird Foundation Inc Milwaukee, WI PURPOSE: HEALTH AND HUMAN SERVICES | $22,600 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $20,000 |
Ford Motor Co Fund Dearborn, MI PURPOSE: COMMUNITY NEEDS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Impact Community Action Columbus, OH | $17,964,278 | $51,062,093 |
Akron Summit Community Action Agency Akron, OH | $9,053,133 | $31,825,266 |
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Hocking-Athens Perry Community Action Glouster, OH | $22,374,760 | $30,742,269 |
Indianapolis Foundation Inc Indianapolis, IN | $352,748,809 | $43,731,535 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Jumpstart Inc Cleveland, OH | $82,356,707 | $21,511,113 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |