Kentucky Chamber Foundation Inc

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 09/2023, Kentucky Chamber Foundation Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $2.5m during the year ending 09/2023. While expenses have increased by 17.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE KENTUCKY CHAMBER FOUNDATION SUPPORTS RESEARCH, PROGRAMS, AND TRAINING INITIATIVES THAT ADVANCE THE ECONOMIC AND SOCIAL WELL-BEING OF THE COMMONWEALTH OF KENTUCKY AND ITS CITIZENS.

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. DURING FY22, KENTUCKY CHAMBER FOUNDATION ASSISTED IN DISASTER RELIEF EFFORTS FROM THE KENTUCKY TORNADOES AND FLOODING WITH FUNDS COLLECTED AND THEN DISTRIBUTED TO KENTUCKY HABITAT FOR HUMANITY AND VOLUNTEERS OF AMERICA MID-STATES. KCF'S PROGRAMS INCLUDE: LEADERSHIP INSTITUTE FOR SCHOOL PRINCIPALS KENTUCKY SCHOOL PRINCIPALS, NEW IN THEIR CAREERS, ATTEND EXECUTIVE LEVEL LEADERSHIP TRAINING AT NO COST TO THEM (VALUED AT $9,000 EACH). TO DATE, THE LEADERSHIP INSTITUTE HAS TRAINED MORE THAN 300 PRINCIPALS WITH DONATIONS OF MORE THAN $3 MILLION FROM KENTUCKY'S BUSINESS COMMUNITY. THE KENTUCKY CHAMBER WORKFORCE CENTER THE WORKFORCE CENTER CONVENES EMPLOYERS, EDUCATORS/PROVIDERS, AND PUBLIC SECTOR ENTITIES TO ENSURE WORKFORCE AND EDUCATION EFFORTS ARE EMPLOYER DRIVEN. EDUCATION EFFORTS FOUNDATION EFFORTS FOCUS ON MIDDLE SCHOOL CIVICS EDUCATION THROUGH THE STATEWIDE 'CIVICS BEE' PROGRAM WHICH IS A PARTNERSHIP WITH THE U.S. CHAMBER OF COMMERCE. IN ADDITION, THE FOUNDATION IS WORKING TO CONNECT STUDENTS & BUSINESSES TO TEACH ABOUT CAREER OPPORTUNITIES THROUGH THE 'BUS-TO-BUSINESS' PROGRAM. WORKFORCE DEVELOPMENT INITATIVES 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 SERVICE AND SUPPORT TO MANAGE THESE INITIATIVES.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
President/ceo & Secretary
$0
Name Not Listed
Past Chair
$0
Name Not Listed
Chair
$0
Name Not Listed
Treasurer
$0
Name Not Listed
Director
$0
Name Not Listed
Director
$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$1,692,790
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,692,790
Total Program Service Revenue$671,659
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 $2,364,449

Grants Awarded

Over the last fiscal year, Kentucky Chamber Foundation Inc has awarded $1,681,621 in support to 3 organizations.

Grant RecipientAmount

KENTUCKY HABITAT FOR HUMANITY

PURPOSE: Kentucky Disaster Relief

$951,621

VOLUNTEERS OF AMERICA MID-STATES

PURPOSE: Kentucky Disaster Relief

$700,000

CALDWELL CHAMBER OF COMMERCE

PURPOSE: Kentucky Disaster Relief

$30,000
View Grant Profile

Peer Organizations

Organization NameAssets
Pennyrile Allied Community Services Inc
Hopkinsville, KY
$20,861,138
Kentucky River Foothills Development Council Inc
Richmond, KY
$19,871,173
Community Action Of Southern Kentucky Incorporated
Bowling Green, KY
$18,716,658
Orpheum Theatre Group
Memphis, TN
$48,397,887
Northern Kentucky Community Action Commisson Inc
Covington, KY
$24,928,020
University Circle Incorporated
Cleveland, OH
$18,118,457
Hampton Roads Community Action Program Inc
Newport News, VA
$19,001,295
Inner-City Muslim Action Network
Chicago, IL
$15,923,414
Neighborhood Development Services Inc
Ravenna, OH
$17,157,604
Mountainheart Community Servces Inc
Oceana, WV
$16,232,143
Will County Center For Community Concerns Inc
Joliet, IL
$15,636,804
Southwest Organizing Project
Chicago, IL
$15,995,268
Community Action Program Commission Of The Lancaster-Fairfield County
Lancaster, OH
$14,412,400
West Ohio Community Action Partnership
Lima, OH
$14,184,861
Missouri Ozarks Community Action Inc
Richland, MO
$13,584,550
South Central Missouri Community Action Agency
Winona, MO
$13,257,441
Woodbine Community Organization Wco Inc
Nashville, TN
$21,451,257
Community Action Agency Of St Louis County Inc
Overland, MO
$12,727,880
Economic And Community Development Institute Inc
Columbus, OH
$13,823,454
Lakeside Association
Lakeside, OH
$14,876,431
St Clair County Community Action Agency
Belleville, IL
$12,207,672
Downtown Cleveland Alliance
Cleveland, OH
$10,819,719
National Association Of Professional Employer Organization
Alexandria, VA
$10,993,886
Leads
Newark, OH
$9,641,640
Coalfield Community Action Partnership Inc
Williamson, WV
$10,736,811

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