Civic Intelligence

Kentucky Historical Society

EIN 61-1204590 • 501(c)3 • Frankfort, KY

Profile

The kentucky historical society foundation exists solely to assist and support the kentucky historical society (khs). Khs's mission is to educate and engage the public through kentucky history in order to confront the challenges of the future. Since 1836 the commonwealth has entrusted khs to be the keeper of its legacy. Khs has continued to re-imagine this committment, deepening it to also help the public recognize history's value and use it to address the enduring educational/workforce development, social, and sustainability issues facing us today.

100 W BroadwayFrankfort, KY 40601

history.ky.gov

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

14th percentile

0.00x

Higher debt load relative to revenue than 14% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

67th percentile

14%

Higher net margin than 67% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

54th percentile

5.3%

Faster asset growth than 54% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

23rd percentile

-8.6%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$7,875,518

Up $399,217 (+5.3%) from 2024

Liabilities

Up

$3,114

Up $2,381 (+325%) from 2024

Net Assets

Up

$7,872,404

Up $396,836 (+5.3%) from 2024

Operations
Liabilities / Revenue14th percentileNet Margin67th percentile

Revenue

Down

$624,820

Down $58,765 (-8.6%) from 2024

Expenses

Up

$536,149

Up $166,095 (+45%) from 2024

Net Income

Down

$88,671

Down $224,860 (-72%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth54th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,842,144Liabilities 2010: $4,827Net Assets 2010: $3,837,3172010Assets 2011: $4,165,438Liabilities 2011: $25,620Net Assets 2011: $4,139,8182011Assets 2012: $4,100,243Liabilities 2012: $29,320Net Assets 2012: $4,070,9232012Assets 2013: $4,789,015Liabilities 2013: $339,667Net Assets 2013: $4,449,3482013Assets 2014: $5,381,253Liabilities 2014: $92,646Net Assets 2014: $5,288,6072014Assets 2015: $5,728,125Liabilities 2015: $242,335Net Assets 2015: $5,485,7902015Assets 2016: $5,109,287Liabilities 2016: $71,347Net Assets 2016: $5,037,9402016Assets 2017: $5,528,813Liabilities 2017: $46,277Net Assets 2017: $5,482,5362017Assets 2018: $5,783,391Liabilities 2018: $34,358Net Assets 2018: $5,749,0332018Assets 2019: $5,749,140Liabilities 2019: $48,696Net Assets 2019: $5,700,4442019Assets 2020: $5,794,675Liabilities 2020: $2,822Net Assets 2020: $5,791,8532020Assets 2021: $7,311,666Liabilities 2021: $0Net Assets 2021: $7,311,6662021Assets 2022: $6,363,716Liabilities 2022: $58,721Net Assets 2022: $6,304,9952022Assets 2023: $6,770,281Liabilities 2023: $983Net Assets 2023: $6,769,2982023Assets 2024: $7,476,301Liabilities 2024: $733Net Assets 2024: $7,475,5682024Assets 2025: $7,875,518Liabilities 2025: $3,114Net Assets 2025: $7,872,4042025

Highlighted filing

2025

Assets$7,875,518
Liabilities$3,114
Net Assets$7,872,404
Open 2025 Filing

Operations Trend

Revenue Growth23rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2010: $1,186,947Expenses 2010: $547,449Net Income 2010: $639,4982010Expenses 2011: $669,2732011Expenses 2012: $924,6322012Revenue 2013: $1,123,975Expenses 2013: $745,550Net Income 2013: $378,4252013Revenue 2014: $1,484,104Expenses 2014: $644,845Net Income 2014: $839,2592014Revenue 2015: $939,031Expenses 2015: $741,848Net Income 2015: $197,1832015Revenue 2016: $544,575Expenses 2016: $964,228Net Income 2016: -$419,6532016Revenue 2017: $609,412Expenses 2017: $700,860Net Income 2017: -$91,4482017Revenue 2018: $744,271Expenses 2018: $773,713Net Income 2018: -$29,4422018Revenue 2019: $916,303Expenses 2019: $641,422Net Income 2019: $274,8812019Revenue 2020: $833,861Expenses 2020: $591,945Net Income 2020: $241,9162020Revenue 2021: $489,794Expenses 2021: $457,862Net Income 2021: $31,9322021Revenue 2022: $671,720Expenses 2022: $631,851Net Income 2022: $39,8692022Revenue 2023: $457,357Expenses 2023: $542,664Net Income 2023: -$85,3072023Revenue 2024: $683,585Expenses 2024: $370,054Net Income 2024: $313,5312024Revenue 2025: $624,820Expenses 2025: $536,149Net Income 2025: $88,6712025

Highlighted filing

2025

Revenue$624,820
Expenses$536,149
Net Income$88,671
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,875,518
Liabilities
$3,114
Net assets
$7,872,404
Revenue
$624,820
Expenses
$536,149
Net income
$88,671
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.88$0.00$7.87$0.62$0.54$0.09
2024Detailed filing. Detailed filing data is available for this year.$7.48$0.00$7.48$0.68$0.37$0.31
2023Detailed filing. Detailed filing data is available for this year.$6.77$0.00$6.77$0.46$0.54$0.09
2022Detailed filing. Detailed filing data is available for this year.$6.36$0.06$6.30$0.67$0.63$0.04
2021Detailed filing. Detailed filing data is available for this year.$7.31$0.00$7.31$0.49$0.46$0.03
2020Detailed filing. Detailed filing data is available for this year.$5.79$0.00$5.79$0.83$0.59$0.24
2019Detailed filing. Detailed filing data is available for this year.$5.75$0.05$5.70$0.92$0.64$0.27
2018Detailed filing. Detailed filing data is available for this year.$5.78$0.03$5.75$0.74$0.77$0.03
2017Detailed filing. Detailed filing data is available for this year.$5.53$0.05$5.48$0.61$0.70$0.09
2016Detailed filing. Detailed filing data is available for this year.$5.11$0.07$5.04$0.54$0.96$0.42
2015Summary only. Only limited summary data is available for this year.$5.73$0.24$5.49$0.94$0.74$0.20
2014Detailed filing. Detailed filing data is available for this year.$5.38$0.09$5.29$1.48$0.64$0.84
2013Summary only. Only limited summary data is available for this year.$4.79$0.34$4.45$1.12$0.75$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.10$0.03$4.07$0.92
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.17$0.03$4.14$0.67
2010Summary only. Only limited summary data is available for this year.$3.84$0.00$3.84$1.19$0.55$0.64
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 15, 2026
Return Version
2024v5.0
Gross Receipts
$813,730
Mission and Program Overview

Mission

The kentucky historical society foundation exists solely to assist and support the kentucky historical society (khs). Khs's mission is to educate and engage the public through kentucky history in order to confront the challenges of the future. Since 1836 the commonwealth has entrusted khs to be the keeper of its legacy. Khs has continued to re-imagine this committment, deepening it to also help the public recognize history's value and use it to address the enduring educational/workforce development, social, and sustainability issues facing us today.

Khsf exists solely to assist and support the ky historical society. The khs mission is to educate & engage the public through ky history to confront the challenges of the future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$7,391,186$7,480,854▲ $89,668
Cash and Non-Interest-Bearing Accounts$29,867$340,476▲ $310,609
Accounts Receivable$25,000$25,000→ $0
Prepaid Expenses and Deferred Charges$16,018$19,703▲ $3,685
Land, Buildings, and Equipment, Net$14,230$9,485▼ $4,745
Total Assets$7,476,301$7,875,518▲ $399,217
Liabilities
Accounts Payable and Accrued Expenses$733$3,114▲ $2,381
Total Liabilities$733$3,114▲ $2,381
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,880,674$6,163,706▲ $283,032
Net Assets With Donor Restrictions$1,594,894$1,708,698▲ $113,804
Total Net Assets Fund Balance$7,475,568$7,872,404▲ $396,836
Total Liabilities and Net Assets / Fund Balance$7,476,301$7,875,518▲ $399,217

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$7,480,854--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$6,136,085-▼ $16,408-$6,119,677
2023$5,556,848-▲ $579,237-$6,136,085
2022$5,025,848-▲ $531,000-$5,556,848
2021$5,963,220-▼ $597,372$340,000$5,025,848
2020$4,606,268-▲ $1,406,952$50,000$5,963,220
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Carolle Jones ClayPresident
Chris MorrisTrustee
Crit LuallenTrustee
David SmithTrustee
Elizabeth Lloyd JonesTrustee
Heather French HenryTrustee
James C KlotterTrustee
Lois MateusTrustee
Maggy PattersonTrustee
Marion ForchtTrustee
Robert RichTrustee
Stephen GrayTrustee
Steve StewartTrustee
Tom MunninghoffTrustee
Kathey G SandersExecutive Di
Anthony Apro SrFirst Vice P
Dan BarbercheckSec Vice Pre
Scott AlveySecretary
Ryan NewcombTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$293,683
Program Service Revenue
$20,415
Investment Income
$310,722
Other Revenue
$0
All Other Contributions
$293,683
Change in Net Assets
$88,671

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table5$101,755Fair Market Value (FMV)
Other Non Cash Contri Table1$57,270Fair Market Value (FMV)
Other Non Cash Contri Table1$2,604Fair Market Value (FMV)
Total Noncash Contributions7$161,629-

Audited Revenue Reconciliation

Revenue per Audited Statements
$624,820
Total Revenue per Audited Statements
$624,820
Total Revenue per Form 990
$624,820
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$288,009
Salaries, Compensation, and Employee Benefits$248,140
Total Fundraising Expense$72,912
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$180,769-$67,371$248,140
All Other Expenses$14,706$19,515$5,541$39,762
Other Expenses$23,802--$23,802
Fees for Services Accounting-$18,240-$18,240
Depreciation Depletion$4,745--$4,745
Insurance$1,994--$1,994
Travel$137--$137
Total Functional Expenses$425,482$37,755$72,912$536,149

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$536,149
Total Expenses per Audited Statements$536,149
Total Expenses per Form 990$536,149
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“NEED STMT TO MARK YES”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the director and board of trustees before submission to the irs.”

Form 990, Page 6, Part VI, Line 12C

“NEED STMT TO MARK YES”

Form 990, Page 6, Part VI, Line 15A

“NEED STMT TO MARK YES”

Form 990, Page 6, Part VI, Line 15B

“NEED STMT TO MARK YES”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Kentucky Historical Society
EIN
61-1204590
Phone
5027828130
Address
100 W BROADWAY, FRANKFORT, KY 40601

Signing Officer

Name
Kathey G Sanders
Title
Executive Director
Phone
5027828130
Signed
2026-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathey G Sanders
Formed
1991
Legal Domicile
Ky
Voting Board Members
18
Independent Board Members
18
Employees
2
Volunteers
16

Preparer

Firm
Miller Mayer Sullivan & Stevens Llp
Address
2365 HARRODSBURG RD STE A100, LEXINGTON, KY 40504
Preparer
Jennifer L Barton CPA
Phone
8592233095
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The kentucky historical society foundation exists solely to assist and support the kentucky historical society (khs). Khs's mission is to educate and engage the public through kentucky history in order to confront the challenges of the future. Since 1836 the commonwealth has entrusted khs to be the keeper of its legacy. Khs has continued to re-imagine this committment, deepening it to also help the public recognize history's value and use it to address the enduring educational/workforce development, social, and sustainability issues facing us today.”

Form 990, Page 2, Part III, Line 4A

“There is a strong public-private partnership between khs and the kentucky historical society foundation. Over the years, this partnership has resulted in the building of the thomas d. Clark center for kentucky history, the acquisition of some of kentucky's most significant historical treasures, the expansion statewide of the historical markers program, and many important education initiatives including the nationally award-winning historymobile and historysmarts programs, and national history day. More than 4,500 kentucky middle and high school students participate each year. In any given year individuals, corporations and foundations give to nearly forty different khs programs and activities at khs. These gifts help make khs collections more accessible to the public and to teach kentucky students important critical thinking skills by engaging them in the historical process. They also help raise awareness of local history resources throughout the commonwealth, preserve our heritage, and teach us what it means to be a kentuckian.”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“The intended uses of the endowment funds are to ensure support for operations, educational programming and for historical artifact purchases and preservation.”

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IRS990/ActivityOrMissionDesc0KHSF EXISTS SOLELY TO ASSIST AND SUPPORT THE KY HISTORICAL SOCIETY. THE KHS MISSION IS TO EDUCATE & ENGAGE THE PUBLIC THROUGH KY HISTORY TO CONFRONT THE CHALLENGES OF THE FUTURE.
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IRS990/Desc0THERE IS A STRONG PUBLIC-PRIVATE PARTNERSHIP BETWEEN KHS AND THE KENTUCKY HISTORICAL SOCIETY FOUNDATION. OVER THE YEARS, THIS PARTNERSHIP HAS RESULTED IN THE BUILDING OF THE THOMAS D. CLARK CENTER FOR KENTUCKY HISTORY, THE ACQUISITION OF SOME OF KENTUCKY'S MOST SIGNIFICANT HISTORICAL TREASURES, THE EXPANSION STATEWIDE OF THE HISTORICAL MARKERS PROGRAM, AND MANY IMPORTANT EDUCATION INITIATIVES INCLUDING THE NATIONALLY AWARD-WINNING HISTORYMOBILE AND HISTORYSMARTS PROGRAMS, AND NATIONAL HISTORY DAY. MORE THAN 4,500 KENTUCKY MIDDLE AND HIGH SCHOOL STUDENTS PARTICIPATE EACH YEAR. IN ANY GIVEN YEAR INDIVIDUALS, CORPORATIONS AND FOUNDATIONS GIVE TO NEARLY FORTY DIFFERENT KHS PROGRAMS AND ACTIVITIES AT KHS. THESE GIFTS HELP MAKE KHS COLLECTIONS MORE ACCESSIBLE TO THE PUBLIC AND TO TEACH KENTUCKY STUDENTS IMPORTANT CRITICAL THINKING SKILLS BY ENGAGING THEM IN THE HISTORICAL PROCESS. THEY ALSO HELP RAISE AWARENESS OF LOCAL HISTORY RESOURCES THROUGHOUT THE COMMONWEALTH, PRESERVE OUR HERITAGE, AND TEACH US WHAT IT MEANS TO BE A KENTUCKIAN.
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IRS990/MissionDesc0THE KENTUCKY HISTORICAL SOCIETY FOUNDATION EXISTS SOLELY TO ASSIST AND SUPPORT THE KENTUCKY HISTORICAL SOCIETY (KHS). KHS'S MISSION IS TO EDUCATE AND ENGAGE THE PUBLIC THROUGH KENTUCKY HISTORY IN ORDER TO CONFRONT THE CHALLENGES OF THE FUTURE. SINCE 1836 THE COMMONWEALTH HAS ENTRUSTED KHS TO BE THE KEEPER OF ITS LEGACY. KHS HAS CONTINUED TO RE-IMAGINE THIS COMMITTMENT, DEEPENING IT TO ALSO HELP THE PUBLIC RECOGNIZE HISTORY'S VALUE AND USE IT TO ADDRESS THE ENDURING EDUCATIONAL/WORKFORCE DEVELOPMENT, SOCIAL, AND SUSTAINABILITY ISSUES FACING US TODAY.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USES OF THE ENDOWMENT FUNDS ARE TO ENSURE SUPPORT FOR OPERATIONS, EDUCATIONAL PROGRAMMING AND FOR HISTORICAL ARTIFACT PURCHASES AND PRESERVATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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