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Ky Hospital Research & Education Foundation Inc

Organization summary

Type of Nonprofit

Designated as a 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.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$7.3M (2023)

Expenses
$7.43M (2023)

Total Assets
$12.8M (2023)

Total Liabilities
$10.8M (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2024

No Extracted Financial Data

Form 990 documents are not available for this tax period, but audit documents are available for download.

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,297,025
Expenses
$7,431,260
Net Income
-$134,235
Net Assets
$1,999,619
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,084,539
97.1%
Program Services $159,106
2.2%
Investment Income $53,903
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$523
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $12,786,089
Total Liabilities $10,786,470
Net Assets $1,999,619
Compensation
Key Employees and Officers Compensation Related Other
Nancy Galvagni (President) $0 $784,477 $41,917
April Smith (Chief Financial Officer) $0 $171,846 $30,767
Jonathan Copley (Senior Vice President) $0 $175,546 $19,411
Garren Colvin (Director) $0 $600 $0
Mike Sherrod (Director) $0 $600 $0
Donald Lloyd (Legislative Chair) $0 $600 $0
Donovan Blackburn (Director) $0 $500 $0
Gerard Colman (Director) $0 $500 $0
Mark Birdwhistell (Treasurer, Term Began 02/23) $0 $500 $0
Mark Newman (Treasurer, Term Ended 02/23) $0 $500 $0
Kathy Stumbo (Chair) $0 $500 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,278,685
Expenses
$13,934,005
Net Income
$344,680
Net Assets
$2,080,414
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,105,022
98.8%
Program Services $143,107
1.0%
Investment Income $31,518
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$962
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,945,255
Total Liabilities $4,864,841
Net Assets $2,080,414
Compensation
Key Employees and Officers Compensation Related Other
Nancy Galvagni (President) $0 $675,591 $39,423
Harold Warman (Vice President) $0 $221,491 $23,537
Gerard Colman (Director) $0 $500 $0
Mark Newman (Director) $0 $600 $0
Kathy Stumbo (Chair) $0 $700 $0
Garren Colvin (Past Chair) $0 $600 $0
Mike Sherrod (Treasurer) $0 $500 $0
Donald Lloyd (Legislative Chair) $0 $600 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,533,901
Expenses
$4,341,277
Net Income
$192,624
Net Assets
$1,914,212
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,376,252
96.5%
Program Services $135,411
3.0%
Investment Income $22,889
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$651
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,817,567
Total Liabilities $1,903,355
Net Assets $1,914,212
Compensation
Key Employees and Officers Compensation Related Other
Nancy Galvagni (President) $0 $614,518 $52,992
Harold Warman (Vice President) $0 $227,863 $22,857
Garren Colvin (Director) $0 $500 $0
Gerard Colman (Director) $0 $500 $0
Mark Newman (Director) $0 $500 $0
Kathy Stumbo (Past Chair) $0 $500 $0
William Haugh (Chair) $0 $500 $0
Mike Sherrod (Treasurer) $0 $500 $0
Donald Lloyd (Legislative Chair) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,999,524
Expenses
$3,154,106
Net Income
-$154,582
Net Assets
$1,495,107
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,844,886
94.8%
Program Services $125,929
4.2%
Investment Income $26,988
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$64
Net Inventory Sales $0
Other Revenue $1,785
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,666,198
Total Liabilities $2,171,091
Net Assets $1,495,107
Compensation
Key Employees and Officers Compensation Related Other
Nancy Galvagni (President) $0 $416,107 $56,975
Garren Colvin (Chair) $0 $600 $0
Mike Sherrod (Director) $0 $500 $0
Kathy Stumbo (Director) $0 $500 $0
William Haugh (Director) $0 $600 $0
Harold Warman (Vice President) $0 $75,882 $5,138

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,478,178
Expenses
$3,509,134
Net Income
-$30,956
Net Assets
$1,647,550
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,226,555
92.8%
Program Services $220,900
6.4%
Investment Income $30,793
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$70
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,496,367
Total Liabilities $848,817
Net Assets $1,647,550
Compensation
Key Employees and Officers Compensation Related Other
Michael T Rust (President) $0 $1,009,771 $65,465
Jerome Penner (Chair) $0 $800 $0
Garren Colvin (Director) $0 $600 $0
Jane Wheatley (Director) $0 $800 $0
William Haugh (Director) $0 $500 $0
Elizabeth Cobb (Vice President) $0 $219,359 $25,557

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,875,856
Expenses
$2,770,962
Net Income
$104,894
Net Assets
$1,649,592
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,641,626
91.9%
Program Services $204,486
7.1%
Investment Income $24,157
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,587
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,416,458
Total Liabilities $766,866
Net Assets $1,649,592
Compensation
Key Employees and Officers Compensation Related Other
Michael T Rust (President) $0 $992,021 $64,790
Susan Starling (Chair) $0 $800 $0
Jerome Penner (Director) $0 $800 $0
Jane Wheatley (Director) $0 $900 $0
William Haugh (Director) $0 $500 $0
Carol Walters (Vice President) $0 $244,314 $29,491
Elizabeth Cobb (Vice President) $0 $209,639 $27,213

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,478,650
Expenses
$2,469,996
Net Income
$8,654
Net Assets
$1,515,551
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,113,210
85.3%
Program Services $194,792
7.9%
Investment Income $37,965
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $132,683
5.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,399,308
Total Liabilities $883,757
Net Assets $1,515,551
Compensation
Key Employees and Officers Compensation Related Other
Kevin Halter (Board Chair) $0 $500 $0
Michael T Rust (President) $0 $921,083 $81,680
Jane Wheatley (Director) $0 $500 $0
Jerome Penner (Director) $0 $500 $0
Susan Starling (Director) $0 $500 $0
Carol Walters (Vice President) $0 $189,842 $42,039

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,365,760
Expenses
$2,263,660
Net Income
$102,100
Net Assets
$1,587,936
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,095,646
88.6%
Program Services $217,160
9.2%
Investment Income $38,415
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$8,403
Net Inventory Sales $0
Other Revenue $22,942
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,183,474
Total Liabilities $595,538
Net Assets $1,587,936
Compensation
Key Employees and Officers Compensation Related Other
Dennis Johnson (Board Chair) $0 $500 $0
Michael T Rust (President) $0 $819,071 $81,857
Jane Wheatley (Director) $0 $500 $0
Kevin Halter (Director) $0 $500 $0
Susan Starling (Director (Term Began 11/12/15)) $0 $0 $0
Vicki Darnell (Director (Term Ended 9/30/15)) $0 $500 $0
Carol Walters (Vice President) $0 $185,231 $43,010

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,063,747
Expenses
$1,960,966
Net Income
$102,781
Net Assets
$1,507,744
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,786,504
86.6%
Program Services $225,497
10.9%
Investment Income $55,203
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$3,457
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,860,926
Total Liabilities $353,182
Net Assets $1,507,744
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Charles Lovell Jr (Board Chair) $0 $0 $500
Michael T Rust (President) $0 $777,264 $80,931
Kevin Halter (Director) $0 $0 $500
Jane Wheatley (Director) $0 $0 $500
Dennis Johnson (Director) $0 $0 $500
Carol Walters (Vice President) $0 $182,930 $43,226

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,433,850
Expenses
$3,350,480
Net Income
$83,370
Net Assets
$1,427,316
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,133,355
91.2%
Program Services $239,356
7.0%
Investment Income $49,370
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $11,166
0.3%
Net Inventory Sales $0
Other Revenue $603
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,866,453
Total Liabilities $439,137
Net Assets $1,427,316
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Harold C Warman Jr (Board Chair) $0 $0 $500
Michael T Rust (President) $0 $5,069,196 $70,518
Charles Lovell Jr (Director) $0 $0 $500
Connie Smith (Director) $0 $0 $500
Dennis Johnson (Director) $0 $0 $500
Carol Walters (Vice President) $0 $175,560 $41,058

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,901,489
Expenses
$3,826,615
Net Income
$74,874
Net Assets
$1,283,928
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,590,222
92.0%
Program Services $286,724
7.3%
Investment Income $22,757
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,286
0.0%
Net Inventory Sales $0
Other Revenue $500
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,714,820
Total Liabilities $430,892
Net Assets $1,283,928

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,960,963
Expenses
$3,878,817
Net Income
$82,146
Net Assets
$1,152,857
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,599,682
90.9%
Program Services $347,476
8.8%
Investment Income $17,159
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$3,603
Net Inventory Sales $0
Other Revenue $249
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,609,028
Total Liabilities $456,171
Net Assets $1,152,857

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

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

Document Links

About 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.

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.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

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

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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