Kentucky Labor Management Conference Inc
- Assets
- $242.5k
- Revenue
- $241.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, KY
- Founding
- 08/1991
- Data as of
- 12/2023
- EIN
- 61-1182291
Organization Overview
Kentucky Labor Management Conference Inc is located in Frankfort, KY. The organization was established in 1991. According to its NTEE Classification (J02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Labor Management Conference Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Kentucky Labor Management Conference Inc generated $241.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $229.5k during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 5 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
THE KENTUCKY LABOR/MANAGEMENT CONFERENCE (KLMC) PROMOTES POSITIVE DIALOGUE;THE SHARING OF IDEAS; AND, THE DEVELOPMENT OF COOPERATION BETWEEN ORGANIZED LABOR AND MANGEMENT IN KENTUCKY. THE PRIMARY ACTIVITY OF THE KLMC IS THE PRESENTATION OF AN ANNUAL CONFERENCE THAT FEATURES SPEAKERS AND PANEL DISCUSSIONS ADDRESSING TIEMELY TOPICS OF CONCERN TO BOTH LABOR AND MANAGEMENT. THE GOAL IS TO PROVIDE BOTH PARTIES WITH THE CONCERNS OF THE OTHER ON MATTERS OF COMMON INTEREST. THE CONFERENCE ALSO AWARDS THOSE WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS TO POSITIVE LABOR/MANAGEMENT RELATIONS; YOUNG LABOR/MANGEMENT LEADERS WHO HAVE ALREADY DISTINGUISHED THEMSELVES IN THEIR RESPECTIVE FIELDS; AND, SCHOLARSHIPS FOR STUDENTS PURSUING POST- SECONDARY EDUCATION IN LABOR/MANAGEMENT RELATIONS. THE CONFERENCE ALSO PROMOTES IMPROVED RELATIONSHIPS BETWEEN MEMBERS OF LABOR AND MANAGEMENT THROUGH A VARIETY OF EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KENTUCKY LABOR-MANAGEMENT CONFERENCE SPONSORS AN ANNUAL CONFERENCE WHICH IS AIMED AT PROMOTING POSITIVE LABOR MANAGEMENT RELATIONS. THE 2023 CONFERENCE HAD JUST OVER 425 ATTENDEES.
RECOGNIZES AND AWARDS OUTSTANDING LEADERS IN THE LABOR AND MANGEMENT FIELD
AWARDS SCHOLARSHIPS TO STUDENTS PARTICIPATING IN GRADUATE, UNDERGRADUATE AND/OR TECHNICAL SCHOOL PROGRAMS WITH AN INTEREST IN PURSUING A CAREER THAT INCLUDES ELEMENTS OF LABOR-MANAGEMENT RELATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Dunn Co-Chair Lab | Officer | $0 | |
Keith Murt Co-Chair Man | Officer | $0 | |
Tim Sanders Secretary | Officer | $0 | |
John Stovall Treasurer | Officer | $0 | |
Gene Holthouser Director | Trustee | $0 | |
Will Johnson Director | Trustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $238,378 |
| Investment income | $2,714 |
| 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 | $241,092 |
| 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. | $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 | $10,549 |
| 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 | $7,390 |
| 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 | $7,820 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,135 |
| All other expenses | $32,695 |
| Total functional expenses | $229,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,973 |
| Savings and temporary cash investments | $91,951 |
| 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 | $1,544 |
| 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 | $242,468 |
| Accounts payable and accrued expenses | $3,863 |
| 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 | $3,863 |
| Net assets without donor restrictions | $238,605 |
| 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 | $242,468 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mechanical Licensing Collective Nashville, TN | $954,040,606 | $44,636,158 |
International Training Institute For The Sheet Metal & Ac Industry Falls Church, VA | $60,856,107 | $15,099,753 |
Grow Capital Jobs Foundation Richmond, VA | $524,955 | $2,629,829 |
Workers Dignity Project Nashville, TN | $268,049 | $233,032 |
Kentucky Labor Management Conference Inc Frankfort, KY | $242,468 | $241,092 |
Boom Beans Llc Williamsburg, KY | $55,011 | $203,710 |
Brush Creek Enterprise Center Inc Smithville, MO | $45,724 | $0 |
National Network Of Nonprofit Search Consultants Chicago, IL | $35,342 | $0 |
Athleda Foundation Inc Lebanon, IN | $50,526 | $0 |
Reassemble Education And Support Training Chicago, IL | $0 | $0 |
Patent Pathways Fairfax, VA | $4,290 | $31,400 |
Virginia Spqa Chesapeake, VA | $146,749 | $0 |
Exceptional Womens Network Northbrook, IL | $1,190 | $0 |
Women Unite Chicago, IL | $0 | $0 |