Community Foundation Of South Central Kentucky Inc
- Assets
- $18.4m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Bowling Green, KY
- Founding
- 01/1996
- Data as of
- 12/2022
- 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 12/2022, Community Foundation Of South Central Kentucky Inc employed 5 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 12/2022, Community Foundation Of South Central Kentucky Inc generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 15.4% 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.
Since 2014, Community Foundation Of South Central Kentucky Inc has awarded 163 individual grants totaling $6,407,106. 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
2022
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 | $62,905 |
Jill England Part-Year Finance Admin | Officer | 35 | $39,984 |
Rebecca Nunnelee Part-Year Finance Admin | Officer | 35 | $7,117 |
Smita Avula Program Manager | Officer | 20 | $7,010 |
Katherine Sikora Chairman | OfficerTrustee | 1 | $0 |
Kevin Simpson Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,027 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,096,520 |
| Noncash contributions included in lines 1a–1f | $1,261,968 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,110,547 |
| Total Program Service Revenue | $127,676 |
| Investment income | $376,523 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,449 |
| Net Income from Fundraising Events | $22,853 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,663,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,426,494 |
| 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. | $117,016 |
| Compensation of current officers, directors, key employees. | $117,016 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,191 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,991 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,236 |
| Fees for services: Other | $162,338 |
| Advertising and promotion | $7,324 |
| Office expenses | $26,260 |
| Information technology | $24,334 |
| Royalties | $0 |
| Occupancy | $16,904 |
| Travel | $1,526 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,487 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,182 |
| Insurance | $2,761 |
| All other expenses | $0 |
| Total functional expenses | $1,954,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,337 |
| Savings and temporary cash investments | $6,744,829 |
| 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 | $6,306 |
| Investments—publicly traded securities | $11,336,481 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,161 |
| Total assets | $18,388,114 |
| Accounts payable and accrued expenses | $2,414 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,529,418 |
| 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 | $3,531,832 |
| Net assets without donor restrictions | $465,094 |
| Net assets with donor restrictions | $14,391,188 |
| 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 | $18,388,114 |
Grants Awarded
Over the last fiscal year, Community Foundation Of South Central Kentucky Inc has awarded $1,232,640 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
JUNIOR ACHIEVEMENT OF SOUTH CENTRAL KY PURPOSE: TO PROMOTE EDUCATION | $9,500 |
FAMILY ENRICHMENT CENTER PURPOSE: GENERAL SUPPORT | $20,000 |
BOYS & GIRLS CLUB OF BOWLING GREEN PURPOSE: GENERAL SUPPORT | $30,170 |
HOTEL INC PURPOSE: GENERAL SUPPORT | $12,500 |
THE FOUNDRY CHRISTIAN COMMUNITY CENTER PURPOSE: GENERAL SUPPORT | $203,500 |
SALVATION ARMY OF BOWLING GREEN PURPOSE: GENERAL SUPPORT | $17,000 |