The Conover Foundation Inc

Louisville, KY
Tax-exempt since April 1999
EIN: 35-6672841

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$242k (2025)

Expenses

$254k (2025)

Total Assets

$2.29M (2025)

Total Liabilities

$0 (2025)

Years with missing data

Source: Form 990 tax filings from 2012 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2025

Revenue

$242,018

Expenses

$254,128

Net Income

-$12,110

Net Assets

$2,294,708

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$79,917	33.0%
Sales of Assets	$162,101	67.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$222,559	87.6%
Compensation of Officers*	$34,315	13.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,294,708
Total Liabilities	$0
Net Assets	$2,294,708

Compensation

Key Employees and Officers	Compensation	Other
Baird Trust Company (Director)	$34,315	$0
Cheryl Conover Stroud (President)	$0	$0
Janet Totten (Sec/Treasury)	$0	$0
Christine Conover Stroud (Assist Secretary)	$0	$0

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990-PF

Filed on Oct. 13, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2024

Revenue

$104,276

Expenses

$225,795

Net Income

-$121,519

Net Assets

$2,311,801

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$28,474	27.3%
Dividends	$49,257	47.2%
Sales of Assets	$22,977	22.0%
Other Income	$3,568	3.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$190,100	84.2%
Compensation of Officers*	$29,860	13.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,311,801
Total Liabilities	$0
Net Assets	$2,311,801

Compensation

Key Employees and Officers	Compensation	Other
Baird Trust Company (Director)	$29,860	$0
Cheryl Conover Stroud (President)	$0	$0
Janet Totten (Sec/Treas)	$0	$0
Christine Conover Stroud (Assist Sec)	$0	$0

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990-PF

Filed on Oct. 7, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2023

Revenue

$65,705

Expenses

$298,690

Net Income

-$232,985

Net Assets

$2,433,320

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$33,258	50.6%
Dividends	$42,820	65.2%
Sales of Assets	-$4,642
Other Income	-$5,731

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$203,817	68.2%
Compensation of Officers*	$26,997	9.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,433,320
Total Liabilities	$0
Net Assets	$2,433,320

Compensation

Key Employees and Officers	Compensation	Other
Baird Trust Company (Director)	$26,997	$0
Cheryl Conover Stroud (President)	$0	$0
Janet Totten (Sec/Treas)	$0	$0
Christine Conover Stroud (Assist Sec)	$0	$0

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990-PF

Filed on Aug. 18, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2022

Revenue

$393,175

Expenses

$221,761

Net Income

$171,414

Net Assets

$2,666,305

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14,262	3.6%
Dividends	$50,034	12.7%
Sales of Assets	$100,040	25.4%
Other Income	$228,839	58.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$184,500	83.2%
Compensation of Officers*	$25,900	11.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,666,305
Total Liabilities	$0
Net Assets	$2,666,305

Compensation

Key Employees and Officers	Compensation	Other
Baird Trust Company (Director)	$25,900	$0
Cheryl Conover Stroud (President)	$0	$0
Janet Totten (Sec/Treas)	$0	$0
Christine Conover Stroud (Assist Sec)	$0	$0

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990-PF

Filed on Oct. 14, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2021

Revenue

$191,333

Expenses

$301,269

Net Income

-$109,936

Net Assets

$2,494,890

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,405	5.4%
Dividends	$41,863	21.9%
Sales of Assets	$130,724	68.3%
Other Income	$8,341	4.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$120,500	40.0%
Compensation of Officers*	$23,219	7.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,494,891
Total Liabilities	$1
Net Assets	$2,494,890

Compensation

Key Employees and Officers	Compensation	Other
Hilliard Lyons Trust Company (Director)	$23,219	$0
Cheryl Conover Stroud (President)	$0	$0
Janet Totten (Sec/Treas)	$0	$0
Christine Conover Stroud (Assist Sec)	$0	$0

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990-PF

Filed on Aug. 23, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2020

Revenue

$662,376

Expenses

$219,111

Net Income

$443,265

Net Assets

$2,604,826

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12,321	1.9%
Dividends	$50,037	7.6%
Sales of Assets	$28,603	4.3%
Other Income	$571,415	86.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$177,900	81.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,604,827
Total Liabilities	$1
Net Assets	$2,604,826

Compensation

Key Employees and Officers	Compensation	Other
Cheryl Conover Stroud (President)	$0	$0
Janet Totten (Sec/Treas)	$0	$0
Christine Conover Stroud (Assist Sec)	$0	$0

990-PF

Filed on Nov. 11, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2019

Revenue

$95,400

Expenses

$177,217

Net Income

-$81,817

Net Assets

$2,161,562

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17,201	18.0%
Dividends	$36,372	38.1%
Sales of Assets	-$2,894
Other Income	$44,721	46.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$130,000	73.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,161,562
Total Liabilities	$0
Net Assets	$2,161,562

Compensation

Key Employees and Officers	Compensation	Other
Cheryl Conover Stroud (President)	$0	$0
Janet Totten (Sec/Treas)	$0	$0
Christine Conover Stroud (Assist Sec)	$0	$0

990-PF

Filed on Nov. 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Revenue

$42,170

Expenses

$173,471

Net Income

-$131,301

Net Assets

$2,258,095

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11,893	28.2%
Dividends	$35,449	84.1%
Sales of Assets	$2,717	6.4%
Other Income	-$7,889

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$138,700	80.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,258,095
Total Liabilities	$0
Net Assets	$2,258,095

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2015

Revenue

$198,514

Expenses

$169,009

Net Income

$29,505

Net Assets

$2,389,396

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11,380	5.7%
Dividends	$38,220	19.3%
Sales of Assets	$130,331	65.7%
Other Income	$18,583	9.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$136,400	80.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,389,396
Total Liabilities	$0
Net Assets	$2,389,396

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2014

Revenue

$135,326

Expenses

$156,235

Net Income

-$20,909

Net Assets

$2,359,891

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9,878	7.3%
Dividends	$38,827	28.7%
Sales of Assets	$75,661	55.9%
Other Income	$10,960	8.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$126,754	81.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,359,891
Total Liabilities	$0
Net Assets	$2,359,891

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2013

Revenue

$145,180

Expenses

$150,606

Net Income

-$5,426

Net Assets

$2,380,800

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,895	7.5%
Dividends	$47,041	32.4%
Sales of Assets	$71,299	49.1%
Other Income	$15,945	11.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$126,800	84.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,380,800
Total Liabilities	$0
Net Assets	$2,380,800

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2012

Revenue

$103,810

Expenses

$146,755

Net Income

-$42,945

Net Assets

$2,386,226

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13,744	13.2%
Dividends	$36,229	34.9%
Sales of Assets	$44,857	43.2%
Other Income	$8,980	8.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$123,000	83.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,386,226
Total Liabilities	$0
Net Assets	$2,386,226

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2011

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Updated January 26, 2026

The Conover Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $242k (2025)

Expenses $254k (2025)

Total Assets $2.29M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending June 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending June 2018

No Extracted Financial Data

Document Links

990-PF

990-T

Fiscal Year Ending June 2017

No Extracted Financial Data

Document Links

990-T

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$242k (2025)

Expenses

$254k (2025)

Total Assets

$2.29M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending June
2025

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002