Kentucky Historical Society Foundation Inc
- Assets
- $6.4m
- Revenue
- $671.7k
- Investments
- $6.0m
- Employees
- 2
- Location
- Frankfort, KY
- Founding
- 11/1991
- Data as of
- 06/2022
- EIN
- 61-1204590
Organization Overview
Kentucky Historical Society Foundation Inc is located in Frankfort, KY. The organization was established in 1991. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Kentucky Historical Society Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Historical Society 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 06/2022, Kentucky Historical Society Foundation Inc generated $671.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $631.9k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
KHSF EXISTS SOLELY TO ASSIST AND SUPPORT THE KY HISTORICAL SOCIETY. THE KHS MISSION IS TO EDUCATE & ENGAGE THE PUBLIC THROUGH KY HISTORY TO CONFRONT THE CHALLENGES OF THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE IS A STRONG PUBLIC-PRIVATE PARTNERSHIP BETWEEN KHS AND THE KENTUCKY HISTORICAL SOCIETY FOUNDATION. OVER THE YEARS, THIS PARTNERSHIP HAS RESULTED IN THE BUILDING OF THE THOMAS D. CLARK CENTER FOR KENTUCKY HISTORY, THE ACQUISITION OF SOME OF KENTUCKY'S MOST SIGNIFICANT HISTORICAL TREASURES, THE EXPANSION STATEWIDE OF THE HISTORICAL MARKERS PROGRAM, AND MANY IMPORTANT EDUCATION INITIATIVES INCLUDING THE NATIONALLY AWARD-WINNING HISTORYMOBILE AND HISTORYSMARTS PROGRAMS, AND NATIONAL HISTORY DAY. MORE THAN 4,500 KENTUCKY MIDDLE AND HIGH SCHOOL STUDENTS PARTICIPATE EACH YEAR. IN ANY GIVEN YEAR INDIVIDUALS, CORPORATIONS AND FOUNDATIONS GIVE TO NEARLY FORTY DIFFERENT KHS PROGRAMS AND ACTIVITIES AT KHS. THESE GIFTS HELP MAKE KHS COLLECTIONS MORE ACCESSIBLE TO THE PUBLIC AND TO TEACH KENTUCKY STUDENTS IMPORTANT CRITICAL THINKING SKILLS BY ENGAGING THEM IN THE HISTORICAL PROCESS. THEY ALSO HELP RAISE AWARENESS OF LOCAL HISTORY RESOURCES THROUGHOUT THE COMMONWEALTH, PRESERVE OUR HERITAGE, AND TEACH US WHAT IT MEANS TO BE A KENTUCKIAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Smith President | OfficerTrustee | 1 | $0 |
Scott Alvey Secretary | OfficerTrustee | 1 | $0 |
Chip Atkins Second Vice President | OfficerTrustee | 1 | $0 |
Steve Stewart First Vice President | OfficerTrustee | 1 | $0 |
Jim Rickard Treasurer | OfficerTrustee | 1 | $0 |
Elizabeth Lloyd Jones Trustee | 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 | $287,163 |
| Noncash contributions included in lines 1a–1f | $93,744 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $287,163 |
| Total Program Service Revenue | $58,815 |
| Investment income | $127,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $198,092 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $671,720 |
| 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 | $222,007 |
| 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 | $17,389 |
| 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 | $1,810 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,745 |
| Insurance | $1,800 |
| All other expenses | $331,057 |
| Total functional expenses | $631,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,552 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,500 |
| 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 | $34,367 |
| Net Land, buildings, and equipment | $23,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,043,577 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,363,716 |
| Accounts payable and accrued expenses | $58,721 |
| 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 | $58,721 |
| Net assets without donor restrictions | $5,009,826 |
| Net assets with donor restrictions | $1,295,169 |
| 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 | $6,363,716 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Kentucky Historical Society Foundation Inc has recieved totaling $20,059.
| Awarding Organization | Amount |
|---|---|
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
Brereton And Elizabeth Jones Charitable Family Foundation Midway, KY PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $59 |
Endowment Analysis
| Beg. Balance | $5,963,220 |
| Earnings | -$597,372 |
| Other Expense | $340,000 |
| Ending Balance | $5,025,848 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thomas Jefferson Foundation Inc Charlottesville, VA | $395,493,786 | $54,038,606 |
Missouri Historical Society Jefferson Memorial Building St Louis, MO | $154,816,775 | $36,156,227 |
Conner Prairie Museum Inc Fishers, IN | $11,539,614 | $17,879,069 |
Navy Seal Foundation Inc Virginia Beach, VA | $115,540,390 | $24,207,052 |
Chicago Historical Society Chicago, IL | $142,770,893 | $16,768,760 |
Pmml North Inc Chicago, IL | $161,806,539 | $478,889 |
Union Station Kansas City Inc Kansas City, MO | $67,441,549 | $27,511,678 |
Lorraine Civil Rights Museum Foundation Memphis, TN | $35,843,207 | $14,748,460 |
National Veterans Memorial And Museum Operating Corporation Columbus, OH | $58,052,071 | $6,042,215 |
The National Museum Of African American Music Nashville, TN | $43,131,276 | $9,233,015 |
Shakertown At Pleasant Hill Kentucky Inc Harrodsburg, KY | $23,439,163 | $8,870,243 |
Holocaust Memorial Foundation Of Illinois Inc Skokie, IL | $79,808,430 | $11,161,559 |