Civic Intelligence

Kentucky Chamber Foundation Inc.

990 • Fiscal year 2012 • EIN 61-1284992

Oct 01, 2011 to Sep 30, 2012 • Filed on Feb 15, 2013

464 Chenault Road40601
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.15x

Higher debt load relative to assets than 53% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

98th percentile

163%

Faster asset growth than 98% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$936,585

Up $579,861 (+163%) from 2011

Net Assets

Up

$800,341

Up $593,121 (+286%) from 2011

Liabilities

Down

$136,244

Down $13,260 (-8.9%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$908,745

Up $599,344 (+194%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $356,724Liabilities 2011: $149,504Net Assets 2011: $207,2202011Assets 2012: $936,585Liabilities 2012: $136,244Net Assets 2012: $800,3412012Assets 2013: $703,301Liabilities 2013: $128,494Net Assets 2013: $574,8072013Assets 2014: $484,217Liabilities 2014: $195,832Net Assets 2014: $288,3852014Assets 2015: $360,065Liabilities 2015: $111,890Net Assets 2015: $248,1752015Assets 2016: $336,161Liabilities 2016: $223,995Net Assets 2016: $112,1662016Assets 2017: $295,102Liabilities 2017: $125,268Net Assets 2017: $169,8342017Assets 2018: $431,803Liabilities 2018: $178,383Net Assets 2018: $253,4202018Assets 2019: $349,287Liabilities 2019: $97,138Net Assets 2019: $252,1492019Assets 2020: $573,581Liabilities 2020: $71,388Net Assets 2020: $502,1932020Assets 2021: $829,490Liabilities 2021: $149,162Net Assets 2021: $680,3282021Assets 2022: $1,547,412Liabilities 2022: $181,711Net Assets 2022: $1,365,7012022Assets 2023: $1,373,660Liabilities 2023: $162,440Net Assets 2023: $1,211,2202023Assets 2024: $1,333,239Liabilities 2024: $312,016Net Assets 2024: $1,021,2232024

Highlighted filing

2012

Assets$936,585
Liabilities$136,244
Net Assets$800,341

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $567,825Expenses 2011: $309,401Net Income 2011: $258,4242011Expenses 2012: $908,7452012Expenses 2013: $590,5112013Revenue 2014: $247,716Expenses 2014: $534,138Net Income 2014: -$286,4222014Revenue 2015: $348,460Expenses 2015: $388,670Net Income 2015: -$40,2102015Revenue 2016: $535,511Expenses 2016: $673,114Net Income 2016: -$137,6032016Revenue 2017: $656,117Expenses 2017: $598,181Net Income 2017: $57,9362017Revenue 2018: $822,318Expenses 2018: $738,024Net Income 2018: $84,2942018Revenue 2019: $1,579,839Expenses 2019: $1,583,082Net Income 2019: -$3,2432019Revenue 2020: $1,773,184Expenses 2020: $1,520,297Net Income 2020: $252,8872020Revenue 2021: $2,041,927Expenses 2021: $1,865,136Net Income 2021: $176,7912021Revenue 2022: $4,479,219Expenses 2022: $3,792,460Net Income 2022: $686,7592022Revenue 2023: $2,364,449Expenses 2023: $2,519,130Net Income 2023: -$154,6812023Revenue 2024: $2,586,553Expenses 2024: $2,785,598Net Income 2024: -$199,0452024

Highlighted filing

2012

Revenue-
Expenses$908,745
Net Income-
Jump To
Filing Snapshot
Filing Period
Oct 1, 2011 to Sep 30, 2012
Signed
Feb 15, 2013
Return Version
2011v1.2
Gross Receipts
$1,539,331
Mission and Program Overview

Mission

The Kentucky Chamber Foundation is an organization dedicated to advancing Kentucky in education, health and wellness, energy, government efficiency and global competitiveness.

Filing and Contact Details

Filer

EIN
61-1284992
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0KCF HAS BEEN GRANTED EXEMPTION FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE CODE. KCF HAD NO UNRELATED BUSINESS INCOME, AND AS SUCH, HAD NO INCOME TAX EXPENSE. THE CHAMBER WOULD RECOGNIZE A TAX POSITION AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE CHAMBER IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE SEPTEMBER 30, 2007. THE CHAMBER DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE OVER THE NEXT 12 MONTHS. THE CHAMBER RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE CHAMBER DID NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES AT SEPTEMBER 30, 2012 AND 2011.
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IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs046053
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0COMPENSATION FOR THE ORGANIZATION'S CEO IS PAID BY THE KENTUCKY CHAMBER OF COMMERCE, INC. (KCC), A RELATED TAX-EXEMPT ORGANIZATION. KCC UTILIZES THE FOLLOWING METHODS TO DETERMINE COMEPNSATION FOR THE CEO: COMPENSATION COMMITTEE, INDEPENDENT COMPANSATION COMSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND SPPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation1EFFECTIVE OCTOBER 1, 2010, THE KENTUCKY CHAMBER OF COMMERCE (CHAMBER), A RELATED TAX-EXEMPT ORGANIZATION, ESTABLISHED A DEFERRED COMPENSATION PLAN FOR THE PURPOSE OF INDUCING SERVICE OR ENCOURAGING THE CONTINUED SERVICE OF CERTAIN EMPLOYEES. THE CHAMBER RECORDED $31,353 OF DEFERRED COMPENSATION FOR THE PRESIDENT/CEO DURING THE YEAR ENDED SEPTEMBER 30, 2012.
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0METHODS USED TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier1Supplemental nonqualified retirement plan
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference0SCHEDULE J, PART I, LINE 3
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference1Schedule J, Part I, Line 4b
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0DAVID C ADKISSON
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs08249
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs021681
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg00
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs0367356
IRS990/ScheduleJRequired0true
IRS990ScheduleJ/SeverancePayment0false
IRS990ScheduleJ/SupplementalNonqualRetirePlan0true
IRS990ScheduleO/GeneralExplanation/Explanation0KCF'S PROGRAM INITIATIVES INCLUDE: - LEADERSHIP INSTITUTE FOR SCHOOL PRINCIPALS: SCHOOL PRINCIPALS ATTEND THE KENTUCKY CHAMBER FOUNDATION'S LEADERSHIP INSTITUTE FOR SCHOOL PRINCIPALS. PARTICIPANTS WERE SELECTED BY AN ADVISORY BOARD MADE UP OF BUSINESS LEADERS AND SCHOOL SUPERINTENDENTS. THE PROGRAM OFFERS PUBLIC AND PRIVATE SCHOOL PRINCIPALS AN OPPORTUNITY TO RECEIVE POWERFUL LEADERSHIP TRAINING FROM THE NATIONALLY ACCLAIMED CENTER FOR CREATIVE LEADERSHIP (CCL), A TOP-RANKED GLOBAL PROVIDER OF EXECUTIVE EDUCATION FOUNDED IN 1970. ITS EDUCATION AND NONPROFIT SECTION WAS ESTABLISHED IN 1988. NUMEROUS KENTUCKY CORPORATIONS USE CCL TO PROVIDE TRAINING FOR THEIR EXECUTIVES. - TASK FORCE ON POSTSECONDARY EDUCATION - ANNUAL PROGRESS UPDATE: THIS ANNUAL WRITTEN UPDATE IS PROVIDED TO THE PUBLIC ON KENTUCKY'S PUBLIC UNIVERSITIES' PROGRESS ACHIEVING A 20-YEAR IMPROVEMENT PLAN SET FORTH BY KENTUCKY POLICYMAKERS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/GeneralExplanation/Explanation2A COPY OF THE ORGANIZATIONS FINAL FORM 990 (INCLUDING SUPPLEMENTAL SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH VOTING MEMBER OF THE FOUNDATION'S GOVERNING BODY ELECTRONICALLY PRIOR TO JANUARY 4, 2013. A HARD COPY OF THE FORM 990 (INCLUDING SUPPLEMENTAL SCHEDULES) WAS THEN PRESENTED DURING THE FULL BOARD MEETING ON JANUARY 11, 2013, PRIOR TO ITS FILING WITH THE IRS.
IRS990ScheduleO/GeneralExplanation/Explanation3THE KENTUCKY CHAMBER FOUNDATION ANNUALLY SURVEYS ITS BOARD OF DIRECTORS AND OTHER KEY PERSONS TO DETERMINE POTENTIAL CONFLICTS OF INTEREST. A QUESTIONNAIRE IS DISTRIBUTED ANNUALLY THAT INCLUDES A LIST OF KEY PERSONS AND A DETAILED DESCRIPTION OF WHAT MIGHT CONSTITUTE A CONFLICT OF INTEREST WITH THE ORGANIZATION. THE RESPONSE TO THE QUESTIONNAIRES ARE REVIEWED BY THE BOARD OF DIRECTORS. ON MATTERS WHERE THE CONFLICT APPLIES, THE BOARD MEMBER HOLDING THE CONFLICT WILL BE PREVENTED FROM DELIBERATING AND VOTING ON DECISIONS OF THE TRANSACTION OR ARRANGEMENT.
IRS990ScheduleO/GeneralExplanation/Explanation4COMPENSATION FOR THE ORGANIZATION'S OFFICERS IS PAID BY KENTUCKY CHAMBER OF COMMERCE, INC. (KCC), A RELATED TAX-EXEMPT ORGANIZATION. THE CEO'S PERFORMANCE AND COMPENSATION ARE REVIEWED AT LEAST ONCE EACH YEAR BY KCC'S PERFORMANCE REVIEW AND COMPENSATION COMMITTEE (ESTABLISHED IN THE CHAMBER'S BYLAWS) USING COMPARABLE CHAMBER OF COMMERCE AND STATE ASSOCIATION EXECUTIVE COMPENSATION DATA. THE PERFORMANCE REVIEW AND COMPENSATION COMMITTEE REPORTS ITS REVIEW PROCESS TO KCC'S EXECUTIVE COMMITTEE. THE CEO REPORTS TO THE COMMITTEE ON HIS/HER PROCESS FOR REVIEW OF OTHER EXECUTIVE SALARIES. THE COMMITTEE REPORTS ITS REVIEW PROCESS TO THE EXECUTIVE COMMITTEE. THE REPORTS FOR THE ABOVE ARE INCLUDED IN THE EXECUTIVE COMMITTEE MINUTES WHICH ARE DISTRIBUTED TO THE FULL BOARD OF DIRECTORS AT THE REGULAR MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation5FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO IRC SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME.
IRS990ScheduleO/GeneralExplanation/Explanation6ELIZABETH MCCOY - DEVOTES APPROXIMATELY ONE HOUR PER WEEK TO THE KENTUCKY CHAMBER OF COMMERCE, A RELATED TAX-EXEMPT ORGANIZATION. PAULA HANSON - DEVOTES APPROXIMATELY ONE HOUR PER WEEK TO THE KENTUCKY CHAMBER OF COMMERCE, A RELATED TAX-EXEMPT ORGANIZATION. GREG PAULEY - DEVOTES APPROXIMATELY ONE HOUR PER WEEK TO THE KENTUCKY CHAMBER OF COMMERCE, A RELATED TAX-EXEMPT ORGANIZATION. DAN BORK - DEVOTES APPROXIMATELY ONE HOUR PER WEEK TO KENTUCKY CHAMBER OF COMMERCE, A RELATED TAX-EXEMPT ORGANIZATION. DAVID C. ADKISSON - DEVOTES APPROXIMATELY 38 HOURS PER WEEK TO THE KENTUCKY CHAMBER OF COMMERCE, A RELATED TAX-EXEMPT ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation7PROVISION FOR BAD DEBT - -37465;
IRS990ScheduleO/GeneralExplanation/Identifier0PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUED)
IRS990ScheduleO/GeneralExplanation/Identifier1Documentation of meetings held by committees of governing body
IRS990ScheduleO/GeneralExplanation/Identifier2Review of form 990 by governing body
IRS990ScheduleO/GeneralExplanation/Identifier3Conflict of interest policy
IRS990ScheduleO/GeneralExplanation/Identifier4Process used to establish compensation of top management official
IRS990ScheduleO/GeneralExplanation/Identifier5Governing documents, conflict of interest policy and financial statements available to the public
IRS990ScheduleO/GeneralExplanation/Identifier6Average number of hours devoted per week to related organization
IRS990ScheduleO/GeneralExplanation/Identifier7Other changes in net assets or fund balances
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART III, LINE 4A
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section B, Line 8b
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section B, Line 12c

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.31$1.02$2.59$2.79$0.20
2023Summary only. Only limited summary data is available for this year.$1.37$0.16$1.21$2.36$2.52$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.55$0.18$1.37$4.48$3.79$0.69
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.15$0.68$2.04$1.87$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.07$0.50$1.77$1.52$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.10$0.25$1.58$1.58$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.18$0.25$0.82$0.74$0.08
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.13$0.17$0.66$0.60$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.22$0.11$0.54$0.67$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.36$0.11$0.25$0.35$0.39$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.48$0.20$0.29$0.25$0.53$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.13$0.57$0.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.14$0.80$0.91
2011Summary only. Only limited summary data is available for this year.$0.36$0.15$0.21$0.57$0.31$0.26