Community Foundation Of West Kentucky Inc
- Assets
- $44.4m
- Revenue
- $14.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Paducah, KY
- Founding
- 08/1996
- Data as of
- 12/2022
- EIN
- 61-1304905
Organization Overview
Community Foundation Of West Kentucky Inc is located in Paducah, 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 West 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 West 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 West Kentucky Inc generated $14.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.1% each year . All expenses for the organization totaled $6.8m during the year ending 12/2022. While expenses have increased by 25.8% 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 2016, Community Foundation Of West Kentucky Inc has awarded 342 individual grants totaling $15,345,495. 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
TO PROMOTE PHILANTHROPY AND PROVIDE GRANTS TO CHARITABLE, RELIGIOUS, EDUCATIONAL AND COMMUNITY PROGRAMS AND ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES THE ARTS IN ITS REGION THROUGH GRANTS TO PROGRAMS AND ORGANIZATIONS RELATED TO ARTS AND ENTERTAINMENT. OTHER AREAS SUPPORTED BY THE ORGANIZATION ARE MUSEUMS AND RELATED ORGANIZATIONS WHICH PROMOTE THE CIVIC WELFARE OF THE COMMUNITIES IN THE REGION SERVICED BY THE ORGANIZATION.
THE AREA EXPERIENCED A TORNADO DECEMBER 10, 2021 WHICH PRODUCED CATASTROHPHIC DAMAGE THROUGHOUT THE AREA. THIS BECAME KNOWN AS THE 2021 TORNADO FEMA DISASTER DR-4630-KY. THE ORGANIZATION PARTICIPATED IN MANAGING DONATED FUNDS AND ASSISTING THE AREA IN ITS RECOVERY EFFORTS.
SOCIAL SERVICES, HOUSING AND EDUCATION HAVE BEEN THE FOCUS OF MUCH OF THE PROGRAM GRANTS FROM THE ORGANIZATION. BENEFITS SUPPORTED BY THE ORGANIZATION INCLUDING PROVIDING SHELTER, FOOD, PREGNANCY COUNSELING AND TRAINING FOR THE HANDICAPPED. OTHER GRANTS WERE PROVIDED TO INSTITUTIONS ENGAGED IN THE EDUCATION OF THE COMMUNITY.
THR ORGANIZATION SUPPORTS VARIOUS RELIGIOUS ACTIVITIES IN THE REGION BY PROVIDING FUNDING TO ASSIST IN THE PROMOTION OF RELIGIOUS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Watkins CEO | Officer | 40 | $125,164 |
Jamey Brown Secretary | Trustee | 1 | $0 |
Terry Bunnell Board Member | Trustee | 1 | $0 |
Joe Frampton Board Member | Trustee | 1 | $0 |
Susan Guess Board Member | Trustee | 1 | $0 |
Mark Hequembourg Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $155,945 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,659,394 |
| Noncash contributions included in lines 1a–1f | $796,823 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,815,339 |
| Total Program Service Revenue | $0 |
| Investment income | $749,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $484,245 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,048,552 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,134,308 |
| Grants and other assistance to domestic individuals. | $145,745 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,164 |
| Compensation of current officers, directors, key employees. | $81,357 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $206,302 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,561 |
| Payroll taxes | $28,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,730 |
| Office expenses | $4,870 |
| Information technology | $6,715 |
| Royalties | $0 |
| Occupancy | $10,082 |
| Travel | $1,022 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,189 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $948 |
| Insurance | $0 |
| All other expenses | $14,157 |
| Total functional expenses | $6,819,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,478,289 |
| Savings and temporary cash investments | $2,782,166 |
| Pledges and grants receivable | $1,825 |
| 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 | $38,630 |
| Net Land, buildings, and equipment | $5,886 |
| Investments—publicly traded securities | $31,130,360 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,437,156 |
| Accounts payable and accrued expenses | $8,126 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,063,574 |
| 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 | $32,394 |
| Total liabilities | $6,104,094 |
| Net assets without donor restrictions | $38,298,861 |
| Net assets with donor restrictions | $34,201 |
| 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 | $44,437,156 |
Grants Awarded
Over the last fiscal year, Community Foundation Of West Kentucky Inc has awarded $6,134,308 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS ARTISTIC | | | $169,317 |
VARIOUS SOCIAL SERVICES | | | $940,138 |
A NEW BEGINNING FOR WOMEN PURPOSE: WOMEN HOUSING | $201,537 |
VARIOUS RELIGIOUS | | | $357,465 |
ASCENDIGO AUTISM SERVICES PURPOSE: HEALTH WELLNESS | $25,000 |
BEYOND UGANDA PURPOSE: RELIGIOUS | $30,916 |