Kentucky Lumber & Building Material Dealers Education Foundation Inc
- Assets
- $155.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Prospect, KY
- Founding
- 08/1998
- Data as of
- 12/2023
- EIN
- 61-1324327
Organization Overview
Kentucky Lumber & Building Material Dealers Education Foundation Inc is located in Prospect, KY. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Lumber & Building Material Dealers Education 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 12/2023, Kentucky Lumber & Building Material Dealers Education Foundation Inc generated $23.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $16.1k during the year ending 12/2023. While expenses have increased by 15.3% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ACADEMIC SCHOLARSHIPS AWARDED TO COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Brooks President | 0 | $0 | |
Scott Mccoun Treasurer | 0 | $0 | |
Paul Gabbard Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,100 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,307 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $18,325 |
| Other Revenue | $0 |
| Total Revenue | $23,732 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,155 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,907 |
| Total expenses | $16,062 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $155,194 |
| Other assets | $0 |
| Total assets | $155,194 |
| Total liabilities | $0 |
| Net assets or fund balances | $155,194 |