Kda Lifting Spirits Foundation Inc
- Assets
- $86.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, KY
- Founding
- Data as of
- 12/2021
- EIN
- 85-1627113
Organization Overview
Kda Lifting Spirits Foundation Inc is located in Frankfort, KY. 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. Kda Lifting Spirits 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 12/2021, Kda Lifting Spirits Foundation Inc generated $120.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 55.0% each year . All expenses for the organization totaled $55.1k during the year ending 12/2021. While expenses have increased by 37.4% per year over the past 2 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
2021
Describe the Organization's Program Activity:
Part 3
THE SCHOLARSHIP PROGRAM WILL BE A CENTRAL ACTIVITY OF THE ORGANIZATION TO SUPPORT STUDENTS STUDYING IN AREAS TO WORK IN THE DISTILLERY INDUSTRY WITH SCHOLARSHIPS FOR TUITION ASSISTANCE. THE CANDIDATES WILL BE IDENTIFIED AND NOMINATED BY THE UNIVERSITIES. SCHOLARSHIP PAYMENTS WILL BE MADE DIRECTLY TO THE PARTICIPATING UNIVERSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Pendergrass President/ch | 0 | $0 | |
Kevin Smith Secretary | 0 | $0 | |
Eric Gregory Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $416 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,416 |
| 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 | $843 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $54,232 |
| Total expenses | $55,075 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $86,276 |
| Other assets | $0 |
| Total assets | $86,276 |
| Total liabilities | $0 |
| Net assets or fund balances | $86,276 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Kda Lifting Spirits Foundation Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Kentucky Distillers Association Frankfort, KY PURPOSE: GENERAL DONATION | $62,500 |
Kentucky Distillers Association Frankfort, KY PURPOSE: GENERAL DONATION | $25,000 |
Kentucky Distillers Association Frankfort, KY PURPOSE: GENERAL DONATION | $12,500 |
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