2024-08-15T09:33:41+00:00 2023-09-30 440160260 Forvis Mazars LLP 312 Walnut Street Suite 3000 Cincinnati OH 45202 990 2022-10-01 611284992 Kentucky Chamber Foundation Inc KENT 5026954700 464 CHENAULT ROAD FRANKFORT KY 40601 ASHLI WATTS CEO 5026954700 2024-08-15 true true Aaron Hershberger P00961884 5136218300 2022 2024-08-08 14:25:15Z ASHLI WATTS 464 CHENAULT ROAD FRANKFORT KY 40601 2364449 false X WWW.KYCHAMBER.COM X 1995 KY The Kentucky Chamber Foundation supports research, programs, and training initiatives that advance the economic and social well-being of the Commonwealth of Kentucky and its citizens. 18 17 0 48 0 0 3704136 1692790 767404 671659 0 0 7679 0 4479219 2364449 1685141 2930 0 0 1355078 1515000 0 0 0 752241 1001200 3792460 2519130 686759 -154681 1547412 1373660 181711 162440 1365701 1211220 The Kentucky Chamber Foundation supports research, programs, and training initiatives that advance the economic and social well-being of the Commonwealth of Kentucky and its citizens. false false 2243920 2930 671659 THE KENTUCKY CHAMBER FOUNDATION (KCF) WAS CREATED BY THE KENTUCKY CHAMBER OF COMMERCE (KCC) TO FURTHER ITS MISSION OF CREATING AND SUPPORTING A COMPETITIVE BUSINESS CLIMATE IN KENTUCKY. KCF HAS COMMITTED TO DEVELOPING PROGRAMS AND SERVICES IN LINE WITH THE KCC'S NEW AGENDA FOR KENTUCKY PROJECT THROUGH ITS NEW AGENDA CAMPAIGN. DURING FY22, KENTUCKY CHAMBER FOUNDATION ASSISTED IN DISASTER RELIEF EFFORTS FROM THE KENTUCKY TORNADOES AND FLOODING WITH FUNDS COLLECTED AND THEN DISTRIBUTED TO KENTUCKY HABITAT FOR HUMANITY AND VOLUNTEERS OF AMERICA MID-STATES. KCF'S PROGRAMS INCLUDE: LEADERSHIP INSTITUTE FOR SCHOOL PRINCIPALS KENTUCKY SCHOOL PRINCIPALS, NEW IN THEIR CAREERS, ATTEND EXECUTIVE LEVEL LEADERSHIP TRAINING AT NO COST TO THEM (VALUED AT $9,000 EACH). TO DATE, THE LEADERSHIP INSTITUTE HAS TRAINED MORE THAN 300 PRINCIPALS WITH DONATIONS OF MORE THAN $3 MILLION FROM KENTUCKY'S BUSINESS COMMUNITY. THE KENTUCKY CHAMBER WORKFORCE CENTER THE WORKFORCE CENTER CONVENES EMPLOYERS, EDUCATORS/PROVIDERS, AND PUBLIC SECTOR ENTITIES TO ENSURE WORKFORCE AND EDUCATION EFFORTS ARE EMPLOYER DRIVEN. EDUCATION EFFORTS FOUNDATION EFFORTS FOCUS ON MIDDLE SCHOOL CIVICS EDUCATION THROUGH THE STATEWIDE 'CIVICS BEE' PROGRAM WHICH IS A PARTNERSHIP WITH THE U.S. CHAMBER OF COMMERCE. IN ADDITION, THE FOUNDATION IS WORKING TO CONNECT STUDENTS & BUSINESSES TO TEACH ABOUT CAREER OPPORTUNITIES THROUGH THE 'BUS-TO-BUSINESS' PROGRAM. WORKFORCE DEVELOPMENT INITATIVES THE FOUNDATION ENTERED INTO CONTRACTS WITH THE STATE OF KENTUCKY REGARDING MULTIPLE WORKFORCE DEVELOPMENT INITIATIVES INCLUDING THE TALENT PIPELINE MANAGEMENT PROGRAM AND THE WORKFORCE CENTER PROGRAM. THE FOUNDATION PROVIDES VARIOUS ADMINISTRATIVE SERVICE AND SUPPORT TO MANAGE THESE INITIATIVES. 2243920 true true false false false false false false false false false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false true true true true false false true 2 0 true 0 false false false false false false false false false false false false X 18 17 false false false false false false false true false false false true true true true true true true false false KY X Joseph Hsu 5026954700 464 CHENAULT ROAD FRANKFORT KY 40601 ASHLI WATTS PRESIDENT/CEO & SECRETARY 1.0 38.0 X X 0 398712 30198 CANDACE MCGRAW PAST CHAIR 1.0 1.0 X X 0 0 0 CONRAD DANIELS CHAIR 1.0 1.0 X X 0 0 0 ELIZABETH MCCOY TREASURER 1.0 1.0 X X 0 0 0 ANNE-TYLER MORGAN DIRECTOR 1.0 0.0 X 0 0 0 DIERDRE LYONS DIRECTOR 1.0 0.0 X 0 0 0 HOLLIE SPADE DIRECTOR 1.0 1.0 X 0 0 0 KEVIN SMITH DIRECTOR 1.0 1.0 X 0 0 0 KEVIN SUTPHIN DIRECTOR 1.0 0.0 X 0 0 0 KIMBERLY HALBAUER DIRECTOR 1.0 1.0 X 0 0 0 LES FUGATE DIRECTOR 1.0 1.0 X 0 0 0 MARK GUILFOYLE DIRECTOR 1.0 1.0 X 0 0 0 PAIGE MANKOVICH DIRECTOR 1.0 0.0 X 0 0 0 PATTIE DALE TYE DIRECTOR 1.0 1.0 X 0 0 0 PAULA HANSON DIRECTOR 1.0 0.0 X 0 0 0 TALLEY RUSSELL DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM SUMMERS DIRECTOR 1.0 0.0 X 0 0 0 WINSTON GRIFFIN DIRECTOR 1.0 1.0 X 0 0 0 0 398712 30198 0 false true false 0 1692790 1692790 Kentucky State Contracts 900099 670939 670939 Miscellaneous Revenue 900099 720 720 0 0 0 0 671659 0 0 0 0 0 0 0 0 0 2364449 671659 0 0 2930 2930 1249360 1249360 170190 170190 95450 95450 23340 23340 0 0 55560 55560 22260 22260 450 450 13890 13890 135130 135130 49360 49360 KSR FLOOD RELEIF 335000 335000 Admin Fees 275210 275210 All Other Expenses 75290 75290 Due & Subscriptions 14360 14360 1350 1350 0 0 2519130 2243920 275210 0 0 1403020 1305350 13140 11060 127148 52940 0 0 0 0 0 0 0 0 0 0 0 4104 4310 0 0 0 0 0 1547412 1373660 181711 162440 0 0 0 0 0 0 0 0 0 0 181711 162440 X -125798 -104945 1491499 1316165 1365701 1211220 1547412 1373660 -154681 200 0 X false true X true false X 966394 1170781 1369897 3704136 1692790 8903998 0 0 966394 1170781 1369897 3704136 1692790 8903998 2641837 6262161 0 0 103696 0 0 0 0 103696 9007694 3316134 0.6952 0.6633 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISCELLANEOUS, COLUMN A - 14055.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - , COLUMN F - 14055.0; DESCRIPTION - FUNDRAISING INCOME, COLUMN A - 89641.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - , COLUMN F - 89641.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2845649 200 481000 0 481200 2364449 0 0 2364449 3000130 481000 0 481000 2519130 0 0 2519130 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote KCF, KCWC and LISP are exempt from federal income taxes under Section 501(c)(3) of the U.S. Internal Revenue Code. The entities are subject to federal income tax on any unrelated business income. The Foundation files tax returns in the U.S. federal jurisdiction. false false false false false false false false false ASHLI WATTS PRESIDENT/CEO & SECRETARY 0 343635 0 51585 0 3492 0 19652 0 10546 0 428910 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation COMPENSATION FOR THE ORGANIZATION'S CEO IS PAID BY THE KENTUCKY CHAMBER OF COMMERCE, INC. (KCC), A RELATED TAX-EXEMPT ORGANIZATION. KCC UTILIZES THE FOLLOWING METHODS TO DETERMINE COMPENSATION FOR THE CEO: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Form 990, Part VI, Line 11b Review of form 990 by governing body A COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING SUPPLEMENTAL SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH VOTING MEMBER OF THE FOUNDATION'S GOVERNING BODY ELECTRONICALLY PRIOR TO ITS FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE KENTUCKY CHAMBER FOUNDATION ANNUALLY SURVEYS ITS BOARD OF DIRECTORS AND OTHER KEY PERSONS TO DETERMINE POTENTIAL CONFLICTS OF INTEREST. A QUESTIONNAIRE IS DISTRIBUTED ANNUALLY THAT INCLUDES A LIST OF KEY PERSONS AND A DETAILED DESCRIPTION OF WHAT MIGHT CONSTITUTE A CONFLICT OF INTEREST WITH THE ORGANIZATION. THE RESPONSE TO THE QUESTIONNAIRES ARE REVIEWED BY THE BOARD OF DIRECTORS. ON MATIERS WHERE THE CONFLICT APPLIES, THE BOARD MEMBER HOLDING THE CONFLICT WILL BE PREVENTED FROM DELIBERATING AND VOTING ON DECISIONS OF THE TRANSACTION OR ARRANGEMENT. Form 990, Part VI, Line 15a Process to establish compensation of top management official COMPENSATION FOR THE ORGANIZATION'S OFFICERS IS PAID BY KENTUCKY CHAMBER OF COMMERCE, INC. (KCC), A RELATED TAX-EXEMPT ORGANIZATION. THE CEO'S PERFORMANCE AND COMPENSATION ARE REVIEWED AT LEAST ONCE EACH YEAR BY KCC'S PERFORMANCE REVIEW AND COMPENSATION COMMITTEE (ESTABLISHED IN THE CHAMBER'S BYLAWS) USING COMPARABLE CHAMBER OF COMMERCE AND STATE ASSOCIATION EXECUTIVE COMPENSATION DATA. THE PERFORMANCE REVIEW AND COMPENSATION COMMITTEE REPORTS ITS REVIEW PROCESS TO KCC'S EXECUTIVE COMMITTEE. THE CEO REPORTS TO THE COMMITTEE ON HIS/HER PROCESS FOR REVIEW OF OTHER EXECUTIVE SALARIES. THE COMMITTEE REPORTS ITS REVIEW PROCESS TO THE EXECUTIVE COMMITTEE. THE REPORTS FOR THE ABOVE ARE INCLUDED IN THE EXECUTIVE COMMITTEE MINUTES WHICH ARE DISTRIBUTED TO THE FULL BOARD OF DIRECTORS AT THE REGULAR MEETING. Form 990, Part VI, Line 19 Required documents available to the public FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO IRC SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. 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