Kentucky Chamber Foundation Inc
- Assets
- $829.5k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, KY
- Founding
- 01/1997
- Data as of
- 09/2021
- EIN
- 61-1284992
Organization Overview
Kentucky Chamber Foundation Inc is located in Frankfort, KY. The organization was established in 1997. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Chamber 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 09/2021, Kentucky Chamber Foundation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $1.9m during the year ending 09/2021. While expenses have increased by 18.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE KENTUCKY CHAMBER FOUNDATION IS A 501(C)(3) ORGANIZATION DEDICATED TO ADVANCING KENTUCKY IN EDUCATION, HEALTH AND WELLNESS, ENERGY, GOVERNMENT EFFICIENCY AND GLOBAL COMPETITIVENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KENTUCKY CHAMBER FOUNDATION (KCF) WAS CREATED BY THE KENTUCKY CHAMBER OF COMMERCE (KCC) TO FURTHER ITS MISSION OF CREATING AND SUPPORTING A COMPETITIVE BUSINESS CLIMATE IN KENTUCKY. KCF HAS COMMITTED TO DEVELOPING PROGRAMS AND SERVICES IN LINE WITH THE KCC'S NEW AGENDA FOR KENTUCKY PROJECT THROUGH ITS NEW AGENDA CAMPAIGN. (CONTINUED IN SCHEDULE O)
THE FOUNDATION ENTERED INTO CONTRACTS WITH THE STATE OF KENTUCKY REGARDING MULTIPLE WORKFORCE DEVELOPMENT INITIATIVES INCLUDING THE TALENT PIPELINE MANAGEMENT PROGRAM AND THE WORKFORCE CENTER PROGRAM. THE FOUNDATION PROVIDES VARIOUS ADMINISTRATIVE SERVICES AND SUPPORT TO MANAGE THESE INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 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 | $1,369,897 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,369,897 |
| Total Program Service Revenue | $672,030 |
| Investment income | $0 |
| 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 | $2,041,927 |
| 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 | $826,780 |
| Pension plan accruals and contributions | $92,726 |
| Other employee benefits | $0 |
| Payroll taxes | $68,652 |
| 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 | $0 |
| Fees for services: Other | $291,888 |
| Advertising and promotion | $173,828 |
| Office expenses | $195,820 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,092 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $9,705 |
| Total functional expenses | $1,865,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $735,255 |
| Pledges and grants receivable | $33,877 |
| Accounts receivable, net | $52,224 |
| 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 | $0 |
| Investments—publicly traded securities | $8,134 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $829,490 |
| Accounts payable and accrued expenses | $149,162 |
| 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 | $149,162 |
| Net assets without donor restrictions | -$377,531 |
| Net assets with donor restrictions | $1,057,859 |
| 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 | $829,490 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Kentucky Chamber Foundation Inc has recieved totaling $1,196,132.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $792,082 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $194,500 |
The Gingko Fund Louisville, KY PURPOSE: TO BE USED WITHIN EXEMPT FUNCTION | $50,000 |
Joseph W Craft Iii Foundation Tulsa, OK PURPOSE: CHARITABLE | $22,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $20,100 |
Nisource Charitable Foundation Columbus, OH PURPOSE: CORPORATE DONATION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
University Circle Incorporated Cleveland, OH | $134,622,719 | $18,118,457 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |
Economic And Community Development Institute Inc Columbus, OH | $78,355,876 | $19,971,101 |
Mountainheart Community Servces Inc Oceana, WV | $5,735,709 | $13,660,570 |
Inner-City Muslim Action Network Chicago, IL | $22,441,569 | $25,574,850 |
West Ohio Community Action Partnership Lima, OH | $6,981,623 | $15,279,840 |
Will County Center For Community Concerns Inc Joliet, IL | $2,259,108 | $13,384,526 |