Community Foundation Of South Central Kentucky Inc
- Assets
- $15.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 3
- Location
- Bowling Green, KY
- Founding
- 01/1996
- Data as of
- 12/2021
- EIN
- 61-1284951
Organization Overview
Community Foundation Of South Central Kentucky Inc is located in Bowling Green, KY. The organization was established in 1996. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation Of South Central Kentucky Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of South Central Kentucky 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, Community Foundation Of South Central Kentucky Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 12.9% per year over the past 7 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.
Since 2014, Community Foundation Of South Central Kentucky Inc has awarded 133 individual grants totaling $5,174,466. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY FOUNDATION IS A COLLECTION OF INDIVIDUAL FUNDS AND RESOURCES GIVEN BY LOCAL CITIZENS TO ENHANCE AND SUPPORT THE QUALITY OF LIFE IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MEETS THE NEEDS OF THE COMMUNITY THROUGH GRANT MAKING IN EDUCATION, HEALTH, HUMAN SERVICES, ARTS, PUBLIC RECREATION, AND BEAUTIFICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Wethington Executive Director | OfficerTrustee | 40 | $57,741 |
Smita Avula Program Manager | Officer | 20 | $15,787 |
Laura Hagan Secretary | OfficerTrustee | 1 | $0 |
Katherine Sikora Chairman | OfficerTrustee | 1 | $0 |
Jim Martens Vice Chairman | OfficerTrustee | 1 | $0 |
Kevin Simpson Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $90,369 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,366,342 |
| Noncash contributions included in lines 1a–1f | $797,189 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,456,711 |
| Total Program Service Revenue | $153,520 |
| Investment income | $236,366 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $85,400 |
| Net Income from Fundraising Events | -$17,321 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,914,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,210,940 |
| 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. | $108,325 |
| Compensation of current officers, directors, key employees. | $41,163 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,998 |
| 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 | $50,935 |
| Fees for services: Other | $203 |
| Advertising and promotion | $2,561 |
| Office expenses | $12,440 |
| Information technology | $33,599 |
| Royalties | $0 |
| Occupancy | $13,868 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,666 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,182 |
| Insurance | $2,758 |
| All other expenses | $1,990 |
| Total functional expenses | $1,452,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,477 |
| Savings and temporary cash investments | $2,123,233 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| 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 | $0 |
| Net Land, buildings, and equipment | $8,488 |
| Investments—publicly traded securities | $12,817,930 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,979,628 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,297,541 |
| 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 | $3,297,541 |
| Net assets without donor restrictions | $157,954 |
| Net assets with donor restrictions | $11,524,133 |
| 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 | $14,979,628 |
Grants Awarded
Over the last fiscal year, Community Foundation Of South Central Kentucky Inc has awarded $641,584 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Bowling Green, KY PURPOSE: GENERAL SUPPORT | $76,471 |
Bowling Green, KY PURPOSE: TO PROVIDE EDUCATIONAL DEVELOPMENT WITHIN A HISTORIC FACILITY | $60,000 |
Opelika, AL PURPOSE: GENERAL SUPPORT | $55,000 |
WKU FOUNDATION PURPOSE: GENERAL SUPPORT | $54,540 |
Bowling Green, KY PURPOSE: GENERAL SUPPORT | $50,000 |
Bowling Green, KY PURPOSE: GENERAL SUPPORT | $45,175 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Community Foundation Of South Central Kentucky Inc has recieved totaling $281,720.
| Awarding Organization | Amount |
|---|---|
Laura G Turner Charitable Foundation Inc Nashville, TN PURPOSE: OPERATING ENDOWMENT CAMPAIGN (5 YEAR MATCHING GRANT, STARTING 6.2016) | $66,051 |
Laura G Turner Charitable Foundation Inc Nashville, TN PURPOSE: OPERATING ENDOWMENT CAMPAIGN (5 YEAR MATCHING GRANT, STARTING 6.2016) | $52,929 |
Community Foundation Of South Central Kentucky Inc Bowling Green, KY PURPOSE: GENERAL SUPPORT | $45,175 |
Gheens Foundation Inc Louisville, KY PURPOSE: COMMUNITY GRANTMAKING IN EDUCATION, HEALTH, HUMAN SERVICES, ARTS, PUBLIC RECREATION, AND BEAUTIFICATION | $25,000 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $20,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA | $68,152,988 | $23,085,179 |
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Dupage Community Foundation Downers Grove, IL | $125,703,251 | $14,295,087 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |
The Community Foundation For Northern Virginia Inc Oakton, VA | $80,161,408 | $23,451,822 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Community Foundation Of Northern Illinois Rockford, IL | $141,924,845 | $12,064,778 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |