Gheens Foundation Inc

Organization Overview

Gheens Foundation Inc is located in Louisville, KY. The organization was established in 1959. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gheens 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 10/2023, Gheens Foundation Inc generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $7.2m during the year ending 10/2023. While expenses have increased by 1.2% 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.

Since 2020, Gheens Foundation Inc has awarded 673 individual grants totaling $29,844,950. 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.

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Board, Officers & Key Employees

Name (title)Compensation
Barry G Allen
President/treasurer
$269,583
Michael B Mountjoy
Trustee/chair/ceo
$89,000
Phoebe A Wood
Trustee/inv Committee Ch
$32,000
Lori H Flanery
Trustee/audit Committee Chair
$32,000
John R Crockett III
Trustee/secretary/comp Comm Chair
$28,000
Carolyn Tandy
Trustee
$24,000

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $7,950
Dividends & Interest $3,856,743
Net Rental Income$0
Net Gain on Sale of Assets $2,817,917
Capital Gain Net Income $2,817,917
Net ST Capital Gain $0
Income Modifications $10,000
Profit on Inventory Sales $0
Other Income $1,891,493
Total Revenue $8,574,103

Grants Awarded

Over the last fiscal year, Gheens Foundation Inc has awarded $7,027,668 in support to 176 organizations.

Grant RecipientAmount

21ST CENTURY PARKS INC

PURPOSE: CAPITAL INITIATIVES AND ANNUAL SUPPORT FOR THE PARKLANDS OF FLOYDS FORK

$60,000

2NOT1 FATHERHOOD & FAMILIES

PURPOSE: GENERAL OPERATIONS

$30,000

ACADEMY OF INDIVIDUAL EXCELLENCE

PURPOSE: GENERAL OPERATIONS

$40,000

ACADEMY OF MUSIC PRODUCTION EDUCATION & DEVELOPMENT

PURPOSE: MUSIC EDUCATION

$50,000

ACCESS JUSTICE

PURPOSE: GENERAL OPERATIONS

$25,000

ACTORS THEATRE OF LOUISVILLE

PURPOSE: THEATRICAL ARTS - GENERAL OPERATIONS

$10,000
View Grant Profile

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