Addie And Baylor Kirchgessner Foundation Inc
- Assets
- $898.1k
- Revenue
- $288.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- Data as of
- 12/2023
- EIN
- 85-4372414
Organization Overview
Addie And Baylor Kirchgessner Foundation Inc is located in Louisville, KY. According to its NTEE Classification (T30) the organization is classified as: Public 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. Addie And Baylor Kirchgessner 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 12/2023, Addie And Baylor Kirchgessner Foundation Inc generated $288.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (23.7%) each year. All expenses for the organization totaled $168.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ADDIE & BAYLOR KIRCHGESSNER FOUNDATION'S MISSION IS TO ENRICH CHILDREN'S LIVES THROUGH THE POWER OF READING AND STORIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED PLACING BOOKS IN THE HANDS OF CHILDREN THROUGH BOOK FAIRS IN PARTNERSHIP WITH SCHOLASTIC AND THROUGH NORTON'S REACH OUT AND READ PROGRAM. ADDED POP-UP BOOK GIVEAWAYS IN COORDINATION WITH LOUISVILLE METRO PARKS. AS OF THE END OF 2023, THE FOUNDATION HAS PUT OVER 50,000 BOOKS IN THE HANDS OF CHILDREN WITH A FOCUS ON LOW-INCOME POPULATIONS. THE FOUNDATION ADDED TO ITS LIBRARY RENOVATION WORK BY COMPLETING A LIBRARY RENOVATION AND STATE-OF-THE-ART MEDIA CENTER AT HUTCHISON BEACH ELEMENTARY AND ALSO CONTRIBUTED TO A PRE-SCHOOL RENOVATION AT ST. LAWRENCE CATHOLIC CHURCH. THE FOUNDATION ALSO CONTINUED ITS EFFORTS TO SUPPORT FIRST TEE OF LOUISVILLE, TEACHING CHILDREN LIFE LESSON THROUGH THE GAME OF GOLF.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Kirchgessner President | Officer | 10 | $0 |
Lauren Kirchgessner Secretary | Officer | 10 | $0 |
Kent Blake Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $232,141 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,612 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,753 |
| Total Program Service Revenue | $0 |
| Investment income | $13,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,779 |
| Net Income from Fundraising Events | -$7,022 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $288,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $132,011 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,127 |
| Fees for services: Other | $3,648 |
| Advertising and promotion | $25,800 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $168,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,537 |
| Savings and temporary cash investments | $0 |
| 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 | $678,537 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $898,074 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $898,074 |
| Total liabilities and net assets/fund balances | $898,074 |
Grants Awarded
Over the last fiscal year, Addie And Baylor Kirchgessner Foundation Inc has awarded $86,618 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST TEE OF LOUISVILLE PURPOSE: BAG PROGRAM & DEVELOPMENT TOUR | $15,000 |
NORTON CHILDREN'S FOUNDATION PURPOSE: REACH OUT AND READ PROGRAM | $5,094 |
HUTCHISON BEACH ELEMENTARY PURPOSE: LIBRARY RENOVATION | $26,524 |
ST LAWRENCE CATHOLIC CHURCH PURPOSE: PRE SCHOOL RENOVATION | $40,000 |