Kentucky Chamber Foundation Inc

Frankfort, KY
Tax-exempt since Jan. 1997
EIN: 61-1284992

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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: Community Improvement, Capacity Building / Community, Neighborhood Development, Improvement (General) (NTEE)

Donations to this organization are tax deductible.

Revenue

$2.36M (2023)

Expenses

$2.52M (2023)

Total Assets

$1.37M (2023)

Total Liabilities

$162k (2023)

Source: Form 990 tax filings from 2011 to 2023

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 Sept.
2023

Revenue

$2,364,449

Expenses

$2,519,130

Net Income

-$154,681

Net Assets

$1,211,220

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,692,790	71.6%
Program Services	$671,659	28.4%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,249,360	49.6%

Assets/Debt
Total Assets	$1,373,660
Total Liabilities	$162,440
Net Assets	$1,211,220

Compensation

Key Employees and Officers	Compensation	Related	Other
Ashli Watts (President/Ceo & Secretary)	$0	$398,712	$30,198
Candace Mcgraw (Past Chair)	$0	$0	$0
Conrad Daniels (Chair)	$0	$0	$0
Elizabeth Mccoy (Treasurer)	$0	$0	$0
Anne Tyler Morgan (Director)	$0	$0	$0
Dierdre Lyons (Director)	$0	$0	$0
Hollie Spade (Director)	$0	$0	$0
Kevin Smith (Director)	$0	$0	$0
Kevin Sutphin (Director)	$0	$0	$0
Kimberly Halbauer (Director)	$0	$0	$0
Les Fugate (Director)	$0	$0	$0
Mark Guilfoyle (Director)	$0	$0	$0
Paige Mankovich (Director)	$0	$0	$0
Pattie Dale Tye (Director)	$0	$0	$0
Paula Hanson (Director)	$0	$0	$0
Talley Russell (Director)	$0	$0	$0
William Summers (Director)	$0	$0	$0
Winston Griffin (Director)	$0	$0	$0

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990

Filed on Aug. 15, 2024

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Fiscal Year Ending Sept.
2022

Revenue

$4,479,219

Expenses

$3,792,460

Net Income

$686,759

Net Assets

$1,365,701

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,704,136	82.7%
Program Services	$767,404	17.1%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$7,679	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,124,488	29.7%

Assets/Debt
Total Assets	$1,547,412
Total Liabilities	$181,711
Net Assets	$1,365,701

Compensation

Key Employees and Officers	Compensation	Related	Other
Ashli Watts (President/Ceo & Secretary)	$0	$356,262	$30,860
Candace Mc Graw (Chair)	$0	$0	$0
Elizabeth Mc Coy (Treasurer)	$0	$0	$0
Anne Tyler Morgan (Director)	$0	$0	$0
Condrad Daniels (Director)	$0	$0	$0
Diane Medley (Director)	$0	$0	$0
Dierdre Lyons (Director)	$0	$0	$0
Hollie Spade (Director)	$0	$0	$0
Janet Jakubowicz (Director)	$0	$0	$0
Kevin Smith (Director)	$0	$0	$0
Kevin Sutphin (Director)	$0	$0	$0
Kimberly Halbauer (Director)	$0	$0	$0
Les Fugate (Director)	$0	$0	$0
Mark Guilfoyle (Director)	$0	$0	$0
Paige Mankovich (Director)	$0	$0	$0
Pattie Dale Tye (Director)	$0	$0	$0
Paula Hanson (Director)	$0	$0	$0
Talley Russell (Director)	$0	$0	$0
William Summers (Director)	$0	$0	$0
Winston Griffin (Director)	$0	$0	$0

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990

Filed on May 16, 2023

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Fiscal Year Ending Sept.
2021

Revenue

$2,041,927

Expenses

$1,865,136

Net Income

$176,791

Net Assets

$680,328

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,369,897	67.1%
Program Services	$672,030	32.9%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$826,780	44.3%

Assets/Debt
Total Assets	$829,490
Total Liabilities	$149,162
Net Assets	$680,328

Compensation

Key Employees and Officers	Compensation	Related	Other
Ashli Watts (President/Ceo & Secretary)	$0	$308,046	$31,155
Elizabeth Mc Coy (Treasurer)	$0	$0	$0
Kevin Smith (Chair)	$0	$0	$0
Charles Maddux (Director)	$0	$0	$0
Diane Medley (Director)	$0	$0	$0
Janet Jakubowicz (Director)	$0	$0	$0
Joel Hopper (Director)	$0	$0	$0
Paige Mankovich (Director)	$0	$0	$0
Pattie Dale Tye (Director)	$0	$0	$0
Paula Hanson (Director)	$0	$0	$0
Susan Simmons (Director)	$0	$0	$0
William Summers (Director)	$0	$0	$0
Winston Griffin (Director)	$0	$0	$0

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990

Filed on May 4, 2022

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Fiscal Year Ending Sept.
2020

Revenue

$1,773,184

Expenses

$1,520,297

Net Income

$252,887

Net Assets

$502,193

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,170,781	66.0%
Program Services	$602,403	34.0%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$664,526	43.7%

Assets/Debt
Total Assets	$573,581
Total Liabilities	$71,388
Net Assets	$502,193

Compensation

Key Employees and Officers	Compensation	Related	Other
Ashli Watts (Secretary)	$0	$253,580	$24,876
David Adkisson (Kentucky Chamber Of Commerce President, Ceo (Through October 2019))	$0	$468,013	$25,762
Diane Medley (Chair)	$0	$0	$0
Elizabeth Mc Coy (Treasurer)	$0	$0	$0
Charles Beach (Director)	$0	$0	$0
Charles Maddux (Director)	$0	$0	$0
Janet Jakubowicz (Past Chair)	$0	$0	$0
Joel Hopper (Director)	$0	$0	$0
Maria Hughes (Director)	$0	$0	$0
Michael Rodenberg (Director)	$0	$0	$0
Paige Mankovich (Director)	$0	$0	$0
Pattie Dale Tye (Director)	$0	$0	$0
Paula Hanson (Director)	$0	$0	$0
William Summers (Director)	$0	$0	$0
Winston Griffin (Director)	$0	$0	$0

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990

Filed on May 14, 2021

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Fiscal Year Ending Sept.
2019

Revenue

$1,579,839

Expenses

$1,583,082

Net Income

-$3,243

Net Assets

$252,149

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$966,394	61.2%
Program Services	$602,638	38.1%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$3,248
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$14,055	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$598,148	37.8%

Assets/Debt
Total Assets	$349,287
Total Liabilities	$97,138
Net Assets	$252,149

Compensation

Key Employees and Officers	Compensation	Related	Other
Diane Medley (Chair)	$0	$0	$0
Elizabeth Mc Coy (Treasurer)	$0	$0	$0
Ashli Watts (Secretary)	$0	$165,839	$21,124
David Adkisson (Kentucky Chamber Of Commerce President, Ceo)	$0	$616,888	$182,496
Janet Jakubowicz (Director)	$0	$0	$0
Rusty Cheuvront (Director (Partial Year))	$0	$0	$0
Paula Hanson (Director)	$0	$0	$0
Pattie Dale Tye (Director)	$0	$0	$0
Joel Hopper (Director)	$0	$0	$0
Charles Beach (Director)	$0	$0	$0
Winston Griffin (Director)	$0	$0	$0
Maria Hughes (Director)	$0	$0	$0
William Summers (Director)	$0	$0	$0
Kim Menke (Director)	$0	$0	$0

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990

Filed on June 17, 2020

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Fiscal Year Ending Sept.
2018

Revenue

$822,318

Expenses

$738,024

Net Income

$84,294

Net Assets

$253,420

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$578,782	70.4%
Program Services	$175,927	21.4%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$67,609	8.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$269,889	36.6%

Assets/Debt
Total Assets	$431,803
Total Liabilities	$178,383
Net Assets	$253,420

Compensation

Key Employees and Officers	Compensation	Related	Other
Janet Jakubowicz (Chair)	$0	$0	$0
Diane Medley (Incoming Chair)	$0	$0	$0
Elizabeth Mc Coy (Treasurer)	$0	$0	$0
David Adkisson (Secretary/ Kentucky Chamber Of Commerce President, Ceo)	$0	$461,511	$75,056
Winston Griffin (Director)	$0	$0	$0
Rusty Cheuvront (Director)	$0	$0	$0
Paula Hanson (Director (Partial Year))	$0	$0	$0
Pattie Dale Tye (Director (Partial Year))	$0	$0	$0
Kim Menke (Director)	$0	$0	$0
Joel Hopper (Director)	$0	$0	$0
Charles Beach (Director)	$0	$0	$0

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990

Filed on Feb. 12, 2019

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Fiscal Year Ending Sept.
2017

Revenue

$656,117

Expenses

$598,181

Net Income

$57,936

Net Assets

$169,834

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$656,045	100.0%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$72	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$215,763	36.1%

Assets/Debt
Total Assets	$295,102
Total Liabilities	$125,268
Net Assets	$169,834

Compensation

Key Employees and Officers	Compensation	Related	Other
Janet Jakubowicz (Chairman)	$0	$0	$0
Paula Hanson (Treasurer)	$0	$0	$0
David Adkisson (Secretary/ Kentucky Chamber Of Commerce President, Ceo)	$0	$428,920	$70,743
Elizabeth Mc Coy (Member)	$0	$0	$0
Joel Hopper (Member)	$0	$0	$0
Rusty Cheuvront (Member)	$0	$0	$0
Pattie Dale Tye (Member)	$0	$0	$0
Winston Griffin (Member)	$0	$0	$0

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990

Filed on Feb. 14, 2018

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Fiscal Year Ending Sept.
2016

Revenue

$535,511

Expenses

$673,114

Net Income

-$137,603

Net Assets

$112,166

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$528,621	98.7%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$6,890	1.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$110,570	16.4%

Assets/Debt
Total Assets	$336,161
Total Liabilities	$223,995
Net Assets	$112,166

Compensation

Key Employees and Officers	Compensation	Related	Other
Deirdre Lyons (Chairman)	$0	$0	$0
Paula Hanson (Treasurer)	$0	$0	$0
David Adkisson (Secretary)	$0	$594,404	$66,088
Greg Pauley (Member)	$0	$0	$0
Elizabeth Mccoy (Member)	$0	$0	$0
Joel Hopper (Member)	$0	$0	$0
Rusty Cheuvront (Member)	$0	$0	$0

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990

Filed on May 15, 2017

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Fiscal Year Ending Sept.
2015

Revenue

$348,460

Expenses

$388,670

Net Income

-$40,210

Net Assets

$248,175

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$336,693	96.6%
Program Services	$0
Investment Income	$526	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$11,241	3.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$40,472	10.4%

Assets/Debt
Total Assets	$360,065
Total Liabilities	$111,890
Net Assets	$248,175

Compensation

Key Employees and Officers	Compensation	Related	Other
Dan Bork (Chairman)	$0	$0	$0
David C Adkisson (Secretary)	$0	$385,381	$62,678
Paula Hanson (Treasurer)	$0	$0	$0
Elizabeth Mc Coy (Member)	$0	$0	$0
Greg Pauley (Member)	$0	$0	$0

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990

Filed on Feb. 22, 2016

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Fiscal Year Ending Sept.
2014

Revenue

$247,716

Expenses

$534,138

Net Income

-$286,422

Net Assets

$288,385

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$247,401	99.9%
Program Services	$0
Investment Income	$315	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$80,786	15.1%

Assets/Debt
Total Assets	$484,217
Total Liabilities	$195,832
Net Assets	$288,385

Compensation

Key Employees and Officers	Compensation	Related	Other
Dan Bork (Chairman)	$0	$0	$0
David C Adkisson (Secretary)	$0	$374,845	$61,445
Paula Hanson (Treasurer)	$0	$0	$0
Elizabeth Mccoy (Member)	$0	$0	$0
Greg Pauley (Member)	$0	$0	$0

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990

Filed on May 11, 2015

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Fiscal Year Ending Sept.
2013

Revenue

$364,977

Expenses

$590,511

Net Income

-$225,534

Net Assets

$574,807

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$364,800	100.0%
Program Services	$0
Investment Income	$177	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$77,858	13.2%

Assets/Debt
Total Assets	$703,301
Total Liabilities	$128,494
Net Assets	$574,807

990

Filed on April 9, 2014

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Fiscal Year Ending Sept.
2012

Revenue

$1,539,331

Expenses

$908,745

Net Income

$630,586

Net Assets

$800,341

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,538,417	99.9%
Program Services	$0
Investment Income	$914	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$26,158	2.9%
Other Salaries and Wages	$140,885	15.5%

Assets/Debt
Total Assets	$936,585
Total Liabilities	$136,244
Net Assets	$800,341

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Revenue

$567,825

Expenses

$309,401

Net Income

$258,424

Net Assets

$207,220

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$567,500	99.9%
Program Services	$0
Investment Income	$325	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$52,646	17.0%
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$356,724
Total Liabilities	$149,504
Net Assets	$207,220

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.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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 December 20, 2024

Kentucky Chamber Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.36M (2023)

Expenses $2.52M (2023)

Total Assets $1.37M (2023)

Total Liabilities $162k (2023)

Tax Filings by Year

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2011

Revenue

$2.36M (2023)

Expenses

$2.52M (2023)

Total Assets

$1.37M (2023)

Total Liabilities

$162k (2023)

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005

Fiscal Year Ending Sept.
2004

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002

Fiscal Year Ending June
2001