CAVE RESEARCH FOUNDATION INC

EIN: 316052842 501(c)(3) Science & Technology

Cave City, KY

Total Revenue
$291,053
Total Expenses
$197,220
Total Assets
$1,563,917
Net Assets
$1,563,917
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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
KY
Principal Officer
Kayla N Sapkota
Phone
3017255877
Tax Period
2023-10-01 to 2024-09-30

CAVE RESEARCH FOUNDATION INC, founded in 1957, is a small nonprofit in the Science & Technology sector that reported $291K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $94K, a strong 32% operating margin.

Mission

Facilitate and support research, management, and interpretation of caves and karst resources in the United States and overseas; Promote the long-term conservation of caves and karst ecosystems; Explore, survey, and document all aspects of the underground environment; Assist government agencies and private landowners with management and protection of caves on their land; Educate the public about the importance of caves and karst ecosystems for conservation and water supplies.

Program Service Accomplishments

Program 1
Expenses: $166,128 Revenue: $110,500

CAVE AND KARST RESEARCH, MANAGEMENT, AND CARTOGRAPHY: The primary focus of the Foundation is assisting government land managers who are responsible for cave and karst areas. Support includes...

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CAVE AND KARST RESEARCH, MANAGEMENT, AND CARTOGRAPHY: The primary focus of the Foundation is assisting government land managers who are responsible for cave and karst areas. Support includes inventorying caves and karst features, developing management plans to protect these unique resources, constructing protective gates on sensitive caves, performing biological and other inventories in the caves, and systematically mapping the caves. Working agreements are in place with the Mammoth Cave National Park, Carlsbad Caverns NP, Buffalo National River, Mark Twain National Forest, Lava Beds National Monument, Craters of the Moon National Monument, Sequoia-Kings Canyon NP, and others. The Foundation has a pool of over 200 active volunteers who do the actual work under the guidance of the various agency land managers. Over 23,000 hours of volunteer time were donated to the Foundation in 2023-24.

Program 2
Expenses: $15,364 Revenue: $24,114

PUBLICATION AND DISTRIBUTION OF CAVE-RELATED BOOKS AND MAPS: The Foundation publishes and distributes a variety of cave-related technical, scientific, and popular books and maps related to the...

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PUBLICATION AND DISTRIBUTION OF CAVE-RELATED BOOKS AND MAPS: The Foundation publishes and distributes a variety of cave-related technical, scientific, and popular books and maps related to the science, history, exploration, and management of caves and karst landforms. Most of the books are sold through the visitor centers in national parks that contain caves.

Program 3
Expenses: $12,480 Revenue: $0

GRADUATE RESEARCH GRANTS: The Foundation awards a variable number of graduate-level research grants each year to support thesis research in fields related to cave and karst studies. The grants are...

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GRADUATE RESEARCH GRANTS: The Foundation awards a variable number of graduate-level research grants each year to support thesis research in fields related to cave and karst studies. The grants are awarded solely on the merits of the grant requests. Grant requests are reviewed by an independent committee of academic researchers working in cave and karst-related fields. Grants are not awarded directly to the recipient, but are sent to their university and the university administers the grant for the recipient. Grant recipients are required to publish their research results in a public document, which can be the Foundation's CRF Newsletter or other appropriate publication. There were six grants awarded in 2024.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $47,163
Program Service Revenue $134,614
Investment Income $109,276
Other Revenue $0
TOTAL REVENUE $291,053

Expense Breakdown

Grants Paid $12,480
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $193,972
Other Expenses $184,740
TOTAL EXPENSES $197,220

Year-over-Year Comparison

2023 2022 Change
Revenue $291,053 $241,650 +0.2%
Expenses $197,220 $196,071 +0.0%
Net Income $93,833 $45,579 +1.1%
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
12
Independent Members
12
Employees
N/A
Volunteers
720

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
4
$2,333
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kayla N Sapkota President 8
Officer
$2,333 $0 $2,333
Robert N Lerch Director 2
Director
$0 $0 $0
Derek C Bristol Director 2
Director
$0 $0 $0
Benjamin V Miller Director 2
Director
$0 $0 $0
Mark D Jones Director 2
Director
$0 $0 $0
Jennifer Ellis Director 2
Director
$0 $0 $0
Joyce E Hoffmaster Director 2
Director
$0 $0 $0
David R West Director 2
Director
$0 $0 $0
Craig Williams Director 2
Director
$0 $0 $0
Edward C Klausner Secretary & Director 4
Officer Director
$0 $0 $0
John T M Lyles Vice President 2
Officer
$0 $0 $0
Robert B Hoke Treasurer 5
Officer
$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 $291,053 $197,220 $1,563,917 $93,833
2023 $241,650 $196,071 $1,470,084 $45,579
2022 $117,052 $202,409 $1,424,505 $-85,357
2021 $224,004 $156,889 $1,509,862 $67,115
2020 $212,502 $211,642 $1,442,747 $860
2019 $308,926 $222,116 $1,441,887 $86,810
2018 $215,795 $213,146 $1,355,077 $2,649
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