Northern Kentucky Chamber Of Commerce Foundation Inc
- Assets
- $318.5k
- Revenue
- $227.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Ft Mitchell, KY
- Founding
- 07/1999
- Data as of
- 08/2021
- EIN
- 61-1334712
Organization Overview
Northern Kentucky Chamber Of Commerce Foundation Inc, operating under the name Impact Northern Kentucky Inc, is located in Ft Mitchell, KY. The organization was established in 1999. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Northern 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 08/2021, Impact Northern Kentucky Inc generated $227.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $315.4k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO POSITIVELY ENHANCE THE NKY BUSINESS CLIMATE BY INCREASING THE REGION'S WORKFORCE AND LEADERSHIP PIPELINE; NORTHERN KENTUCKY CHAMBER OF COMMERCE FOUNDATION, THE 501(C)(3) NONPROFIT AFFILIATE OF THE NORTHERN KENTUCKY CHAMBER OF COMMERCE, SERVES AS A BACKBONE ORGANIZATION WITH A MISSION TO POSITIVELY ENHANCE THE BUSINESS CLIMATE IN NORTHERN KENTUCKY BY DEVELOPING IN-DEMAND WORKFORCE TALENT AND COMMUNITY LEADERS DEDICATED TO ECONOMIC GROWTH AND REGIONAL SUSTAINABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO LEVERAGE THE COMMUNITY'S FULL COMPLEMENT OF ASSETS TO GROW, ATTRACT, AND RETAIN A GLOBALLY COMPETITIVE WORKFORCE. GROW NKY IS A COMPREHENSIVE, HOLISTIC WORKFORCE DEVELOPMENT/TALENT STRATEGY INITIATIVE LED BY THE NORTHERN KENTUCKY CHAMBER OF COMMERCE IN CONJUNCTION WITH KEY WORKFORCE PARTNERS WHO ARE COMMITTED TO DRIVING OUTCOMES FOR TALENT PIPELINE MANAGEMENT FOR BOTH SUPPLY AND DEMAND NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garren Colvin Chair | OfficerTrustee | 1 | $0 |
Dan Cahill Vice-Chair | OfficerTrustee | 1 | $0 |
Brent Cooper Chamber President | OfficerTrustee | 1 | $0 |
Karen Cheser Vice-Chair, Leadership Council | OfficerTrustee | 1 | $0 |
Rhonda Whitaker-Hurtt Vice-Chair, Workforce Council | OfficerTrustee | 1 | $0 |
Gene Kirchner Executive Director | Officer | 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 | $226,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,400 |
| Total Program Service Revenue | $0 |
| Investment income | $1,032 |
| 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 | $227,434 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $64,800 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $177,211 |
| Advertising and promotion | $0 |
| Office expenses | $1,275 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,234 |
| Travel | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $12,013 |
| Insurance | $0 |
| All other expenses | $40 |
| Total functional expenses | $315,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,908 |
| Savings and temporary cash investments | $201,640 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $318,548 |
| Accounts payable and accrued expenses | $63,744 |
| 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 | $63,744 |
| Net assets without donor restrictions | $254,804 |
| 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 | $318,548 |
Grants Awarded
Over the last fiscal year, Northern Kentucky Chamber Of Commerce Foundation Inc has awarded $50,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SMALL WORLD CHILD DEVELOPMENT CENTER PURPOSE: COVID-19 SUPPORT DURING CLOSURES | $7,500 |
DADS BOBCAT SERVICE PURPOSE: COVID-19 SUPPORT DURING CLOSURES | $7,500 |
KRADLE TO KRAYONS CHILDCARE LEARNING CENTER PURPOSE: COVID-19 SUPPORT DURING CLOSURES | $7,500 |
AROUND THE CLOCK CHILDCARE LLC PURPOSE: COVID-19 SUPPORT DURING CLOSURES | $7,500 |
FIRST ACHIEVEMENTS PLLC PURPOSE: COVID-19 SUPPORT DURING CLOSURES | $5,000 |
SAGE YOGA CO PURPOSE: COVID-19 SUPPORT DURING CLOSURES | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Northern Kentucky Chamber Of Commerce Foundation Inc has recieved totaling $129,033.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $75,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $30,000 |
Horizon Community Funds Of Northern Kentucky Inc Covington, KY PURPOSE: General Support | $24,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $33 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Go-Hire Employment And Development Hazard, KY | $7,206,602 | $38,687,303 |
Chicago Cred Inc Chicago, IL | $17,202,053 | $26,234,950 |
National Able Network Inc Chicago, IL | $7,162,262 | $25,138,071 |
Change Incorporated Weirton, WV | $10,912,278 | $21,367,906 |
Family Development Services Inc Indianapolis, IN | $6,961,291 | $21,119,232 |
Skills Usa Inc Leesburg, VA | $8,575,895 | $14,271,991 |
Indianapolis Private Industry Council Inc Indianapolis, IN | $7,195,768 | $15,248,899 |
Coalition On Homeless And Housing In Ohio Columbus, OH | $8,605,666 | $14,656,133 |
Southeast Community Capital Corporation Nashville, TN | $264,396,878 | $22,555,455 |
Chicago Urban League Chicago, IL | $6,767,284 | $15,691,423 |
Cara Program Chicago, IL | $15,165,260 | $11,673,454 |
Northern Middle Tennessee Local Workforce Development Board Inc Clarksville, TN | $2,905,431 | $10,764,896 |