Kentucky Philanthropy Initiative Inc
- Assets
- $380.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, KY
- Founding
- 08/2009
- Data as of
- 12/2018
- EIN
- 80-0359973
Organization Overview
Kentucky Philanthropy Initiative Inc is located in Frankfort, KY. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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 Philanthropy Initiative 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 12/2018, Kentucky Philanthropy Initiative Inc generated $103.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $104.2k during the year ending 12/2018. While expenses have increased by 4.0% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph A Clabes President/director | 30 | $78,000 | |
Carol Buckhout Director | 0.5 | $0 | |
Scott Davis Director | 0.5 | $0 | |
Gayle Hilleke Director | 0.5 | $0 | |
Randy Coe Director | 0.5 | $0 | |
Ron Daley Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,306 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $22,000 |
| Total Revenue | $103,306 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $78,000 |
| Professional fees and other payments to independent contractors | $2,500 |
| Occupancy, rent, utilities, and maintenance | $1,800 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,858 |
| Total expenses | $104,158 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $380 |
| Other assets | $0 |
| Total assets | $380 |
| Total liabilities | $0 |
| Net assets or fund balances | $380 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kentucky Philanthropy Initiative Inc has recieved totaling $26,000.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: General Purpose | $16,000 |
St Elizabeth Medical Center Inc Edgewood, KY PURPOSE: Program Support | $10,000 |
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