Civic Intelligence

Tirbracken Green Foundation Inc

EIN 81-4793771 • 501(c)3 • Louisville, KY

Profile

The tirbracken green foundation, inc. ("foundation") is organized to support berea college, berea, kentucky ("berea college") and shakertown at pleasant hill kentucky, inc. ("shakertown"), both public charities described in section 509(a) of the internal revenue code of 1986, as amended ("code").

471 W Main Street Suite 500Louisville, KY 40202

n/A

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

34th percentile

-0.5%

Higher net margin than 34% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

95th percentile

71%

Faster asset growth than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2022

Revenue Growth

97th percentile

234%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2022

Assets

Up

$19,449,443

Up $2,524,076 (+15%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$19,449,443

Up $2,524,076 (+15%) from 2023

Revenue

Up

$654,225

Up $5,000 (+0.8%) from 2023

Expenses

Up

$652,269

Up $1,291 (+0.2%) from 2023

Net Income

Up

$1,956

Up $3,709 (+212%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2016: $1,236,000Liabilities 2016: $0Net Assets 2016: $1,236,0002016Assets 2017: $1,249,144Liabilities 2017: $0Net Assets 2017: $1,249,1442017Assets 2018: $2,030,943Liabilities 2018: $0Net Assets 2018: $2,030,9432018Assets 2019: $5,664,375Liabilities 2019: $0Net Assets 2019: $5,664,3752019Assets 2020: $5,662,693Liabilities 2020: $0Net Assets 2020: $5,662,6932020Assets 2021: $16,569,122Liabilities 2021: $0Net Assets 2021: $16,569,1222021Assets 2022: $16,566,719Liabilities 2022: $0Net Assets 2022: $16,566,7192022Assets 2023: $16,925,367Liabilities 2023: $0Net Assets 2023: $16,925,3672023Assets 2024: $19,449,443Liabilities 2024: $0Net Assets 2024: $19,449,4432024

Highlighted filing

2024

Assets$19,449,443
Liabilities$0
Net Assets$19,449,443

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2016: $1,236,000Expenses 2016: $0Net Income 2016: $1,236,0002016Revenue 2017: $53,520Expenses 2017: $40,376Net Income 2017: $13,1442017Revenue 2018: $418,585Expenses 2018: $16,786Net Income 2018: $401,7992018Revenue 2019: $3,674,475Expenses 2019: $41,043Net Income 2019: $3,633,4322019Revenue 2020: $46,345Expenses 2020: $48,027Net Income 2020: -$1,6822020Revenue 2021: $9,660,425Expenses 2021: $82,276Net Income 2021: $9,578,1492021Revenue 2022: $515,945Expenses 2022: $518,348Net Income 2022: -$2,4032022Revenue 2023: $649,225Expenses 2023: $650,978Net Income 2023: -$1,7532023Revenue 2024: $654,225Expenses 2024: $652,269Net Income 2024: $1,9562024

Highlighted filing

2024

Revenue$654,225
Expenses$652,269
Net Income$1,956

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 1, 2025
Return Version
2024v5.0
Gross Receipts
$654,225
Mission and Program Overview

Mission

The tirbracken green foundation, inc. ("foundation") is organized to support berea college, berea, kentucky ("berea college") and shakertown at pleasant hill kentucky, inc. ("shakertown"), both public charities described in section 509(a) of the internal revenue code of 1986, as amended ("code").

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$16,925,080$19,447,200▲ $2,522,120
Cap Stk Tr Prin Current Funds$16,925,080$19,447,200▲ $2,522,120
Cash and Non-Interest-Bearing Accounts$287$2,243▲ $1,956
Rtn Earn Endowment Incm Other Fnds$287$2,243▲ $1,956
Total Assets$16,925,367$19,449,443▲ $2,524,076
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,925,367$19,449,443▲ $2,524,076
Total Liabilities and Net Assets / Fund Balance$16,925,367$19,449,443▲ $2,524,076

Asset Categories

AssetBook ValueDepreciationBasis
Closely Held Equity Interests$19,447,200--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Bob GigliottiDirector$137,988$137,988
Billy Jo RankinDirector$23,619$23,619

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$0
Investment Income
$649,225
Other Revenue
$0
All Other Contributions
$5,000
Change in Net Assets
$1,956
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$649,225
Other Expenses$3,044
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$649,225--$649,225
Fees for Services Accounting-$1,900-$1,900
Fees for Services Legal-$1,105-$1,105
Office Expenses-$24-$24
Other Expenses-$15-$15
Total Functional Expenses$649,225$3,044$0$652,269
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Berea CollegeBerea, KY501c3-$324,613
Shakertown at Pleasant HillHarrodsburg, KY501c3-$324,612
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
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
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

There are three classes of directors, class b, class s and class f. At any given time, there will be two class b and two class s directors serving on the board along with one class f director. Each class of directors shall have one collective vote such there there shall be three total votes entitled to be cast on any matter before the board.

Form 990, Page 6, Part VI, Line 8A

There are no committees outside of the governing body of the organization so there are no meetings or actions to document.

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

The form 990 is provided to every member of the governming body before it is electronically filed with the irs.

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

Every officer and board member is required to sign a statement annually confirming they do not have a conflict of interest with the organization. Should there be an actual or possible conflict of interest, an interested person must disclose all facts to the directors and members of the board. The independent members of the board will then determine if a conflict of interest exists. Should a conflict exist, the interested board member will then leave the meeting during the discussion of, and vote on, the transaction or arrangement involving the possible conflict of interest.

Form 990, Page 6, Part VI, Line 19

Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to internal revenue code (irc) section 6104. These documents are not available to the public at this time.

Filing and Contact Details

Filer

Filer Name
Tirbracken Green Foundation Inc
EIN
81-4793771
Phone
5025855347
Address
471 W MAIN STREET SUITE 500, LOUISVILLE, KY 40202

Signing Officer

Name
Nancy Lampton Co Hardscuffle Inc
Title
Chairperson
Phone
5025855347
Signed
2025-05-01

Organization Details

Principal Officer
Nancy Lampton Co Hardscuffle Inc
Formed
2016
Legal Domicile
Ky
Voting Board Members
5
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Henderman Jessee and Co Pllc
Address
304 WHITTINGTON PKWY STE 107, LOUISVILLE, KY 40222-4913
Preparer
William J Jessee
Phone
5024254800
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The tirbracken green foundation, inc. ("foundation") is organized to support berea college, berea, kentucky ("berea college") and shakertown at pleasant hill kentucky, inc. ("shakertown"), both public charities described in section 509(a) of the internal revenue code of 1986, as amended ("code").

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

The foundation spends 100% of its time on activities related to making contributions equally to berea college and shakertown. Pursuant to the foundation's articles, the contributions are to be used by the respective recipient as follows: all contributions made to berea college shall be used exclusively by berea college to support the preservation, conservation, management, expansions, and continued sustainability of the college forest owned and operated by berea collece, which shall include, but not be limited to, establishing and maintaining any infrastructure in and directly serving the college forest. All contributions made to shakertown shall be used exclusively by shakertown to support the preservation, conservation, management, expansion, and continued sustainability of the land, plants, and forest owned and operated by shakertown, which shall include, but not be limited to, establishing and maintaining any infrastructure in and directly serving the land and forest owned and operated by shakertown.

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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PART I, LINE 2: SUPPORTED ORGANIZATIONS PROVIDE REPORTS AT ANNUAL MEETING DETAILING HOW THE FUNDS PROVIDED ARE USED. PART II, LINE 1, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: BEREA COLLEGE (H) PURPOSE OF GRANT OR ASSISTANCE: ALL CONTRIBUTIONS MADE TO BEREA COLLEGE SHALL BE USED EXCLUSIVELY BY BEREA COLLEGE TO SUPPORT THE PRESERVATION, CONSERVATION, MANAGEMENT, EXPANSIONS, AND CONTINUED SUSTAINABILITY OF THE COLLEGE FOREST OWNED AND OPERATED BY BEREA COLLEGE, WHICH SHALL INCLUDE, BUT NOT BE LIMITED TO, ESTABLISHING AND MAINTAINING ANY INFRASTRUCTURE IN AND DIRECTLY SERVING THE COLLEGE FOREST. NAME OF ORGANIZATION OR GOVERNMENT: SHAKERTOWN AT PLEASANT HILL (H) PURPOSE OF GRANT OR ASSISTANCE: ALL CONTRIBUTIONS MADE TO SHAKERTOWN SHALL BE USED EXCLUSIVELY BY SHAKERTOWN TO SUPPORT THE PRESERVATION, CONSERVATION, MANAGEMENT, EXPANSION, AND CONTINUED SUSTAINABILITY OF THE LAND, PLANTS, AND FOREST OWNED AND OPERATED BY SHAKERTOWN, WHICH SHALL INCLUDE, BUT NOT BE LIMITED TO, ESTABLISHING AND MAINTAINING ANY INFRASTRUCTURE IN AND DIRECTLY SERVING THE LAND AND FOREST OWNED AND OPERATED BY SHAKERTOWN.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TIRBRACKEN GREEN FOUNDATION, INC. ("FOUNDATION") IS ORGANIZED TO SUPPORT BEREA COLLEGE, BEREA, KENTUCKY ("BEREA COLLEGE") AND SHAKERTOWN AT PLEASANT HILL KENTUCKY, INC. ("SHAKERTOWN"), BOTH PUBLIC CHARITIES DESCRIBED IN SECTION 509(A) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("CODE").
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION SPENDS 100% OF ITS TIME ON ACTIVITIES RELATED TO MAKING CONTRIBUTIONS EQUALLY TO BEREA COLLEGE AND SHAKERTOWN. PURSUANT TO THE FOUNDATION'S ARTICLES, THE CONTRIBUTIONS ARE TO BE USED BY THE RESPECTIVE RECIPIENT AS FOLLOWS: ALL CONTRIBUTIONS MADE TO BEREA COLLEGE SHALL BE USED EXCLUSIVELY BY BEREA COLLEGE TO SUPPORT THE PRESERVATION, CONSERVATION, MANAGEMENT, EXPANSIONS, AND CONTINUED SUSTAINABILITY OF THE COLLEGE FOREST OWNED AND OPERATED BY BEREA COLLECE, WHICH SHALL INCLUDE, BUT NOT BE LIMITED TO, ESTABLISHING AND MAINTAINING ANY INFRASTRUCTURE IN AND DIRECTLY SERVING THE COLLEGE FOREST. ALL CONTRIBUTIONS MADE TO SHAKERTOWN SHALL BE USED EXCLUSIVELY BY SHAKERTOWN TO SUPPORT THE PRESERVATION, CONSERVATION, MANAGEMENT, EXPANSION, AND CONTINUED SUSTAINABILITY OF THE LAND, PLANTS, AND FOREST OWNED AND OPERATED BY SHAKERTOWN, WHICH SHALL INCLUDE, BUT NOT BE LIMITED TO, ESTABLISHING AND MAINTAINING ANY INFRASTRUCTURE IN AND DIRECTLY SERVING THE LAND AND FOREST OWNED AND OPERATED BY SHAKERTOWN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE THREE CLASSES OF DIRECTORS, CLASS B, CLASS S AND CLASS F. AT ANY GIVEN TIME, THERE WILL BE TWO CLASS B AND TWO CLASS S DIRECTORS SERVING ON THE BOARD ALONG WITH ONE CLASS F DIRECTOR. EACH CLASS OF DIRECTORS SHALL HAVE ONE COLLECTIVE VOTE SUCH THERE THERE SHALL BE THREE TOTAL VOTES ENTITLED TO BE CAST ON ANY MATTER BEFORE THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO COMMITTEES OUTSIDE OF THE GOVERNING BODY OF THE ORGANIZATION SO THERE ARE NO MEETINGS OR ACTIONS TO DOCUMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS PROVIDED TO EVERY MEMBER OF THE GOVERNMING BODY BEFORE IT IS ELECTRONICALLY FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EVERY OFFICER AND BOARD MEMBER IS REQUIRED TO SIGN A STATEMENT ANNUALLY CONFIRMING THEY DO NOT HAVE A CONFLICT OF INTEREST WITH THE ORGANIZATION. SHOULD THERE BE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE ALL FACTS TO THE DIRECTORS AND MEMBERS OF THE BOARD. THE INDEPENDENT MEMBERS OF THE BOARD WILL THEN DETERMINE IF A CONFLICT OF INTEREST EXISTS. SHOULD A CONFLICT EXIST, THE INTERESTED BOARD MEMBER WILL THEN LEAVE THE MEETING DURING THE DISCUSSION OF, AND VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI
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