Lg&e And Ku Foundation Inc
- Assets
- $31.8m
- Revenue
- $53.3k
- Investments
- $26.9m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 04/1994
- Data as of
- 12/2022
- EIN
- 61-1257368
Organization Overview
Lg&e And Ku Foundation Inc is located in Louisville, KY. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lg&e And Ku 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 12/2022, Lg&e And Ku Foundation Inc generated $53.3k in total revenue. All expenses for the organization totaled $5.8m during the year ending 12/2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Blake Vice President | 0.5 | $0 | |
John Crockett III Director | 0.5 | $0 | |
Mary Whelan Director & President | 3 | $0 | |
Lonnie Bellar Director | 0.5 | $0 | |
Christine Martin Director | 0.5 | $0 | |
Eileen Saunders Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,173 |
| Dividends & Interest | $685,501 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$647,335 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $30,670 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,339 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,914 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $106,159 |
| Contributions, gifts, grants paid | $5,735,154 |
| Total expenses and disbursements | $5,841,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,944,846 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,102,387 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,842,793 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |