FAIRNESS EDUCATION FUND

EIN: 611230383 501(c)(3) Education

LOUISVILLE, KY

Total Revenue
$543,130
Total Expenses
$497,609
Total Assets
$3,230,532
Net Assets
$3,227,982
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
KY
Phone
5028930788
Tax Period
2024-01-01 to 2024-12-31

FAIRNESS EDUCATION FUND, founded in 1991, is a small nonprofit in the Education sector that reported $543K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $498K left a modest 8% surplus.

Mission

THE FAIRNESS EDUCATION FUND'S MISSION IS TO INITIATE AND DEVELOP PROJECTS THAT BROADEN COMMUNITY AWARENESS AND UNDERSTANDING OF DISCRIMINATION BASED ON SEXUAL ORIENTATION AND GENDER IDENTITY. EDUCATIONAL EFFORTS FOCUS ON REDUCING PREJUDICE AGAINST GAY, LESBIAN, BISEXUAL AND TRANSGENDER PEOPLE PROVIDING ACCURATE, TRUTHFUL INFORMATION TO COUNTER SOCIETAL MYTHS AND STEREOTYPES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $265,283
Program Service Revenue $0
Investment Income $184,690
Other Revenue $93,157
TOTAL REVENUE $543,130

Expense Breakdown

Grants Paid $0
Salaries & Benefits $251,099
Fundraising Expenses $0
Program Expenses $497,609
Other Expenses $246,510
TOTAL EXPENSES $497,609

Year-over-Year Comparison

2024 2023 Change
Revenue $543,130 $1,099,024 -0.5%
Expenses $497,609 $129,911 +2.8%
Net Income $45,521 $969,113 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEN BASS Vice President 5.00
Director
$0 $0 $0
BOBBY GLASS Chairman 5.00
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 $543,130 $497,609 $3,230,532 $45,521
2023 $1,099,024 $129,911 $3,182,461 $969,113
2022 $456,604 $362,957 $2,298,904 $93,647
2021 $371,247 $241,719 $2,119,701 $129,528
2020 $466,277 $226,511 $1,990,173 $239,766
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