LEADERSHIP KENTUCKY FOUNDATION INC

EIN: 311096215 501(c)(3) Public & Societal Benefit

FRANKFORT, KY

Total Revenue
$1,084,922
Total Expenses
$836,453
Total Assets
$2,664,563
Net Assets
$2,630,467
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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
KY
Principal Officer
JANICE WAY
Phone
5026951102
Tax Period
2023-01-01 to 2023-12-31

LEADERSHIP KENTUCKY FOUNDATION INC, founded in 1984, is a community nonprofit in the Public & Societal Benefit sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $248K, a strong 23% operating margin.

Mission

BROADENS THE PERSPECTIVES OF CURRENT AND EMERGING LEADERS THROUGH EXPERIENTIAL EDUCATION THAT INSPIRES THEM TO ADVANCE KENTUCKY.

Program Service Accomplishments

Program 1
Expenses: $309,790 Revenue: $216,380

THE CORE LEADERSHIP KENTUCKY PROGRAM BEGAN IN 1985 AND BRINGS TOGETHER A DIVERSE GROUP OF PEOPLE WHO POSSESS A BROAD VARIETY OF LEADERSHIP ABILITIES, CAREER ACCOMPLISHMENTS, AND VOLUNTEER ACTIVITIES...

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THE CORE LEADERSHIP KENTUCKY PROGRAM BEGAN IN 1985 AND BRINGS TOGETHER A DIVERSE GROUP OF PEOPLE WHO POSSESS A BROAD VARIETY OF LEADERSHIP ABILITIES, CAREER ACCOMPLISHMENTS, AND VOLUNTEER ACTIVITIES TO GAIN INSIGHT INTO COMPLEX ISSUES FACING THE STATE. THROUGH A SERIES OF SEVEN MONTHLY, THREE DAY SESSIONS, HELD IN VARIOUS LOCATIONS IN THE STATE, OUR PARTICIPANTS ARE EDUCATED ABOUT THE COMMONWEALTH OF KENTUCKY AND ITS CHALLENGES. THEY MEET AND TALK WITH KENTUCKY'S CURRENT LEADERS, AND THROUGH A SYSTEMATIC EDUCATIONAL PROGRAM, EXPLORE THE STATE'S OPPORTUNITIES, NEEDS AND RESOURCES. KENTUCKY'S RICH CULTURAL HERITAGE AND ITS UNIQUE DIVERSITY ARE WOVEN THROUGHOUT THE CURRICULUM THAT FEATURES THE STATE'S ECONOMY, EDUCATION, HEALTH AND HUMAN SERVICES, LAW AND JUSTICE, MILITARY, NATURAL RESOURCES, ARTS, GOVERNMENT, AND TOURISM. IN ADDITION, LEADERSHIP KENTUCKY PROVIDES A THOUGHT-PROVOKING EXPERIENCE FOCUSING ON THE ATTRIBUTES OF LEADERSHIP AND WHAT IT MEANS TO BE A LEADER. BY VISITING VARIOUS REGIONS OF THE COMMONWEALTH, CLASS PARTICIPANTS DEVELOP AN ENHANCED VIEW AND A NEW MEANING TO THE WORD COMMUNITY THAT SPANS THE ENTIRE STATE.DURING 2022, LKY LED A CLASS OF 51 LEADERS FROM ACROSS THE STATE TO FULFILL ITS MISSION. LEADERSHIP KENTUCKY'S SELECTED PARTICIPANTS WERE REQUIRED TO PAY TUITION OF 3,500 FOR 2022. FOR THIS INVESTMENT, THE PARTICIPANT AND THEIR SPONSORING BUSINESS OR ORGANIZATION SEES A RETURN ON THAT INVESTMENT IN EXPERT SPEAKERS, BOOKS, PROGRAM CONTENT, MEALS, TRANSPORTATION AND VENUE ADMISSIONS. ADDITIONAL RETURN ON INVESTMENT IS SEEN THROUGH THE CLASS CONTENT AS THEY LEARN FIRSTHAND THE COMPLEX CRITICAL ISSUES FACING KENTUCKY AND ITS CITIZENS; THEIR BROADENED CIRCLE OF CONTACTS AND NEW ALLIANCES BUILT ACROSS THE STATE; THEY ARE EDUCATED, PREPARED AND INSPIRED TO RETURN TO THEIR RESPECTIVE COMMUNITIES AND ACHIEVE AN EVEN HIGHER LEVEL OF CIVIC PARTICIPATION IN A UNITED EFFORT TO MAKE KENTUCKY A BETTER PLACE FOR ALL ITS CITIZENS.

Program 2
Expenses: $49,864 Revenue: $50,600

ELEVATE KENTUCKY FEATURES APPROXIMATELY 25 MEMBERS (AGES 25 TO 35) EACH YEAR. ELEVATE KENTUCKY'S SELECTED PARTICIPANTS PAY TUITION OF 2,200. ELEVATE KENTUCKY OFFERS YOUNG PROFESSIONALS INDEPTH...

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ELEVATE KENTUCKY FEATURES APPROXIMATELY 25 MEMBERS (AGES 25 TO 35) EACH YEAR. ELEVATE KENTUCKY'S SELECTED PARTICIPANTS PAY TUITION OF 2,200. ELEVATE KENTUCKY OFFERS YOUNG PROFESSIONALS INDEPTH PERSONAL AND PROFESSIONAL DEVELOPMENT WHILE FOSTERING A BETTER UNDERSTANDING OF CHALLENGES FACING OUR COMMONWEALTH. ELEVATE PARTICIPANTS RETURN TO THEIR COMPANIES WITH INCREASED SKILLS, KNOWLEDGE, PERSPECTIVE, AND A NEW STATEWIDE PROFESSIONAL NETWORK. MILLENNIAL LEADERS ARE BETTER PREPARED TO BE CATALYSTS IN THEIR COMPANIES AND COMMUNITIES IN AN EFFORT TO ELEVATE KENTUCKY.

Program 3
Expenses: $183,866

BRIGHT KENTUCKY IS DESIGNED TO BUILD THE CAPACITY OF NEXT GENERATION LEADERS (AVERAGE AGE 21 TO 40 WITH APPROXIMATELY 42 PARTICIPANTS IN THE COHORT) IN THE APPALACHIAN REGION OF KENTUCKY TO INNOVATE...

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BRIGHT KENTUCKY IS DESIGNED TO BUILD THE CAPACITY OF NEXT GENERATION LEADERS (AVERAGE AGE 21 TO 40 WITH APPROXIMATELY 42 PARTICIPANTS IN THE COHORT) IN THE APPALACHIAN REGION OF KENTUCKY TO INNOVATE, COLLABORATE, AND ADVANCE COMMUNITY AND ECONOMIC DEVELOPMENT. BRIGHT KENTUCKY ENGAGES BRIGHT, ENTREPRENEURIAL MINDS FROM ALL SECTORS AND EASTERN KENTUCKY REGIONS TO OFFER NONPARTISAN, ETHICAL LEADERSHIP TRAINING, EXPANDED NETWORKS, AND MENTORS DESIGNED ESPECIALLY FOR RESIDENTS OF THE 54 KENTUCKY COUNTIES OF THE APPALACHIAN REGIONAL COMMISSION (ARC). BRIGHT IS FUNDED THROUGH A GRANT FROM THE ARC AND PRIVATE CONTRIBUTIONS FROM WHITAKER BANK AND OTHERS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $790,357
Program Service Revenue $257,350
Investment Income $27,585
Other Revenue $9,630
TOTAL REVENUE $1,084,922

Expense Breakdown

Grants Paid $0
Salaries & Benefits $380,455
Fundraising Expenses $1,768
Program Expenses $543,520
Other Expenses $455,998
TOTAL EXPENSES $836,453

Year-over-Year Comparison

2023 2022 Change
Revenue $1,084,922 $1,054,026 +0.0%
Expenses $836,453 $783,051 +0.1%
Net Income $248,469 $270,975 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
30
Independent Members
30
Employees
5
Volunteers
39

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
30
$0
Key Employees
1
$188,453
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANICE WAY PRESIDENT 40.00
Key Emp
$168,543 $19,910 $188,453
PERRY P ALLEN BOARD CHAIR N/A
Officer Director
$0 $0 $0
DAN BORK TREASURER N/A
Officer Director
$0 $0 $0
LESLIE BUDDEKE SMART CFRE DIRECTOR N/A
Director
$0 $0 $0
ROY LOWDENBACK MA CFRE DIRECTOR N/A
Director
$0 $0 $0
CRAIG J CARLSON DIRECTOR N/A
Director
$0 $0 $0
DANIEL CARMACK DIRECTOR N/A
Director
$0 $0 $0
CAROLLE JONES CLAY DIRECTOR N/A
Director
$0 $0 $0
MARY MICHAEL CORBETT EXECUTIVE CO N/A
Director
$0 $0 $0
BARBARA K DICKENS EXECUTIVE CO N/A
Director
$0 $0 $0
LESLIE A FUGATE EXECUTIVE CO N/A
Director
$0 $0 $0
GARY GERDEMANN DIRECTOR N/A
Director
$0 $0 $0
TREY GRAYSON EXECUTIVE CO N/A
Director
$0 $0 $0
TERESA TRIMBLE HAIL EXECUTIVE CO N/A
Director
$0 $0 $0
REGINA JACKSON IMMEDIATE PA N/A
Director
$0 $0 $0
ALAN KECK DIRECTOR N/A
Director
$0 $0 $0
MELISSA LEE KNIGHT EXECUTIVE CO N/A
Director
$0 $0 $0
AARON CRUM MD DIRECTOR N/A
Director
$0 $0 $0
KEN PERDUE CHAIR ELECT N/A
Director
$0 $0 $0
BURTON J WEBB PHD DIRECTOR N/A
Director
$0 $0 $0
EILEEN SAUNDERS DIRECTOR N/A
Director
$0 $0 $0
DAVID W SEEWER DIRECTOR N/A
Director
$0 $0 $0
CHUCK SESSION DIRECTOR N/A
Director
$0 $0 $0
KEVIN SMITH DIRECTOR N/A
Director
$0 $0 $0
CHRISANDREA TURNER SECRETARY N/A
Officer Director
$0 $0 $0
ELMER K WHITAKER EXECUTIVE CO N/A
Director
$0 $0 $0
RON WILSON EXECUTIVE CO N/A
Director
$0 $0 $0
GINA S WINCHESTER EXECUTIVE CO N/A
Director
$0 $0 $0
CINDY WISEMAN DIRECTOR N/A
Director
$0 $0 $0
KELLEY WORKMAN DIRECTOR N/A
Director
$0 $0 $0
DEBBIE ZUERNER DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,084,922 $836,453 $2,664,563 $248,469
2022 $1,054,026 $783,051 $2,267,831 $270,975
2021 $1,078,544 $706,111 $2,285,909 $372,433
2020 $675,642 $628,841 $1,920,401 $46,801
2019 $1,079,105 $758,907 $1,617,240 $320,198
2019 $1,079,105 $758,907 $1,617,240 $320,198
2018 $571,740 $471,258 $1,196,127 $100,482
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