Louisville Metro Police Foundation Inc
- Assets
- $2.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 2
- Location
- Louisville, KY
- Founding
- 11/2006
- Data as of
- 06/2022
- EIN
- 61-1498961
Organization Overview
Louisville Metro Police Foundation Inc is located in Louisville, KY. The organization was established in 2006. According to its NTEE Classification (I01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Crime & Legal-Related and related organizations. As of 06/2022, Louisville Metro Police Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisville Metro Police 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 06/2022, Louisville Metro Police Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 15.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A NON-PARTISAN LINK BETWEEN THE LOUISVILLE METRO POLICE DEPARTMENT AND THE COMMUNITY WHILE PROVIDING FUNDS FOR ESSENTIAL EQUIPMENT AND PROGRAMS NOT INCLUDED IN THE CITY BUDGET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFICERS IN DISTRESS FUND WAS ESTABLISHED TO PROVIDE CRITICAL FINANCIAL SUPPORT DIRECTLY TO LOUISVILLE METRO POLICE DEPARTMENT OFFICERS AND STAFF MEMBERS WHO SUFFER EXTRAORDINARY TRAGEDIES IN THE LINE OF DUTY OR OUTSIDE THE LINE OF DUTY.
AWARDS CELEBRATION: PROVIDING GOODWILL IN OUR COMMUNITY FOR THE MEN AND WOMEN OF THE LOUISVILLE METRO POLICE DEPARTMENT. THE ENTIRE COMMUNITY OF LOUISVILLE BENEFITS FROM THIS EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Ellis Chairman Of Board | OfficerTrustee | 8 | $0 |
Jeremy Schell 1st Vice Chairman | OfficerTrustee | 8 | $0 |
Justin Jokovich Treasurer | OfficerTrustee | 8 | $0 |
Lamont Breland Secretary | OfficerTrustee | 8 | $0 |
Will Wolford Sergeant-At-Arms | Trustee | 8 | $0 |
Allen Hertzman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $94,850 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,230,641 |
| Noncash contributions included in lines 1a–1f | $50,093 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,325,491 |
| Total Program Service Revenue | $297,849 |
| Investment income | $24,143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,541 |
| Net Income from Fundraising Events | $251,484 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,894,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $748,304 |
| Grants and other assistance to domestic individuals. | $282,610 |
| 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 | $162,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,667 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,867 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,182 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,685 |
| Information technology | $2,331 |
| Royalties | $0 |
| Occupancy | $5,888 |
| Travel | $1,177 |
| 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 | $1,163 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,282,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,525 |
| Savings and temporary cash investments | $263,905 |
| 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 | $1,944 |
| Investments—publicly traded securities | $1,728,909 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,093 |
| Total assets | $2,349,376 |
| Accounts payable and accrued expenses | $5,496 |
| 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 | $5,496 |
| Net assets without donor restrictions | $2,123,791 |
| Net assets with donor restrictions | $220,089 |
| 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 | $2,349,376 |