Kentucky Harvest Inc
- Assets
- $349.9k
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Louisville, KY
- Founding
- 10/1989
- Data as of
- 06/2023
- EIN
- 61-1135269
Organization Overview
Kentucky Harvest Inc is located in Louisville, KY. The organization was established in 1989. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2023, Kentucky Harvest Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Harvest 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, Kentucky Harvest Inc generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 66.5% each year . All expenses for the organization totaled $6.0m during the year ending 06/2023. While expenses have increased by 63.7% 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 END LOCAL HUNGER BY CONNECTING WITH FOOD DONORS AND ENGAGING VOLUNTEERS TO RESCUE EXCESS FOOD AND MOVE IT FROM THOSE WHO HAVE IT TO THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KENTUCKY HARVEST RESCUES EXCESS FOOD FROM GROCERY STORES, BAKERIES, RESTAURANTS, CONVENIENCE STORES AND OTHER FOOD RELATED COMPANIES TO HELP PEOPLE IN NEED. DURING THE FISCAL YEAR, WE RESCUED 3,359,963 POUNDS OF FOOD AND DELIVERED IT TO 85 NONPROFIT PARTNERS ACROSS 6 COUNTIES. WE SAVED LOCAL NONPROFITS OVER $5 MILLION THAT THEY COULD USE TO MAKE THEIR PROGRAMS AND OUR COMMUNITY STRONGER. FOOD RESCUE ALSO CREATES CLEANER AIR FOR US TO BREATHE REDUCING GREENHOUSE GAS EMISSIONS. JOIN US AS WE FEED PEOPLE, NOT LANDFILLS, AND HELP OUR NEIGHBORS EXPERIENCING FOOD INSECURITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Gob Chair | OfficerTrustee | 2.5 | $0 |
Roger Cox Finance Chair | OfficerTrustee | 1 | $0 |
Rebecca Boylan Director | Trustee | 1 | $0 |
Amy Ellis Smith Secretary | OfficerTrustee | 1 | $0 |
Brian Crilly Director | Trustee | 1 | $0 |
Matt Ferreri Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $63,680 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,939,969 |
| Noncash contributions included in lines 1a–1f | $5,711,937 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,003,649 |
| Total Program Service Revenue | $24,540 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $600 |
| Net Income from Fundraising Events | -$2,044 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,026,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,711,937 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $86,325 |
| Compensation of current officers, directors, key employees. | $17,265 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,404 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,579 |
| Advertising and promotion | $36,188 |
| Office expenses | $1,583 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,076 |
| Travel | $7,584 |
| 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 | $14,316 |
| Insurance | $11,900 |
| All other expenses | $0 |
| Total functional expenses | $6,000,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,449 |
| Savings and temporary cash investments | $150,000 |
| 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 | $35,491 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $349,940 |
| Accounts payable and accrued expenses | $145 |
| 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 | $145 |
| Net assets without donor restrictions | $349,795 |
| Net assets with donor restrictions | $0 |
| 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 | $349,940 |