Leadingage Kentucky Inc
- Assets
- $452.1k
- Revenue
- $479.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Louisville, KY
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 61-1290786
Organization Overview
Leadingage Kentucky Inc is located in Louisville, KY. The organization was established in 1996. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Leadingage Kentucky Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadingage Kentucky Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Leadingage Kentucky Inc generated $479.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $422.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION REPRESENTS COMMUNITY, CHURCH AND GOVERNMENT SPONSORED HOMES FOR THE ELDERLY BY PROVIDING EDUCATION AND SHARING INFORMATION; PROVIDING NETWORKING OPPORTUNITIES; DEVELOPING LEADERSHIP AND INFLUENCING PUBLIC POLICY REGARDING ISSUES INVOLVING THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND INFORMATIONAL PROGRAMS CONCERNING NURSING HOMES AND HOUSING FOR OLDER ADULTS IN KENTUCKY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Veno President | Officer | 40 | $161,535 |
Nicole Smith Chair | OfficerTrustee | 2 | $0 |
Jeff Lewis Immediate Past Chair | OfficerTrustee | 2 | $0 |
Glenda Creech Secretary | OfficerTrustee | 2 | $0 |
Robert Long Treasurer | OfficerTrustee | 2 | $0 |
Mary Lynn Spalding Vice-Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $95,851 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,851 |
| Total Program Service Revenue | $357,162 |
| Investment income | $175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $26,246 |
| 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 | $479,434 |
| 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. | $182,309 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,860 |
| Pension plan accruals and contributions | $3,653 |
| Other employee benefits | $7,431 |
| Payroll taxes | $13,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,464 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,560 |
| Travel | $2,972 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $96,770 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,221 |
| All other expenses | $2,034 |
| Total functional expenses | $422,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,016 |
| Savings and temporary cash investments | $107,929 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,662 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $27,500 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $452,107 |
| Accounts payable and accrued expenses | $101,364 |
| 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 | $101,364 |
| Net assets without donor restrictions | $350,743 |
| Net assets with donor restrictions | $0 |
| 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 | $452,107 |
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