2024-05-21T13:40:50-05:00 2023-06-30 351178661 BLUE & CO LLC 813 WEST SECOND STREET SEYMOUR IN 47274 990 2022-07-01 882334409 ROBERT L BROWN FOUNDATION INC ROBE 8592253343 499 E HIGH STREET SUITE 112 LEXINGTON KY 40507 LISA ADKINS CHAIR 8592253343 2024-05-20 1 LISA ADKINS 999009999 1 KANDY L WISCHMEIER CPA P00118327 8125228416 2024-05-20 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X LISA ADKINS 499 E HIGH STREET SUITE 112 LEXINGTON KY 40507 760430 0 X N/A X 2022 KY TO SUPPORT BLUE GRASS COMMUNITY FOUNDATION, INC.'S MISSION TO CREATE GENEROUS, VIBRANT AND ENGAGED COMMUNITIES THROUGHOUT CENTRAL AND APPALACHIA KENTUCKY, SPECIFICALLY IN SHARPSBURG AND BATH COUNTY, KENTUCKY. IN ADDITION, THE FOUNDATION'S ACTIVITIES WILL SUPPORT THE EXEMPT PURPOSES OF OTHER 501(C)(3) ORGANIZATIONS IN THESE AREAS. 3 0 0 0 0 0 759021 0 1409 0 760430 325777 0 0 0 0 13839 339616 420814 607256 186442 420814 X TO SUPPORT BLUE GRASS COMMUNITY FOUNDATION, INC.'S MISSION TO CREATE GENEROUS, VIBRANT AND ENGAGED COMMUNITIES THROUGHOUT CENTRAL AND APPALACHIA KENTUCKY, SPECIFICALLY IN SHARPSBURG AND BATH COUNTY, KENTUCKY. IN ADDITION, THE FOUNDATION'S ACTIVITIES WILL SUPPORT THE EXEMPT PURPOSES OF OTHER 501(C)(3) ORGANIZATIONS IN THESE AREAS. THESE ACTIVITIES WILL SERVE CHARITABLE PURPOSES, INCLUDING ECONOMIC DEVELOPMENT AND SUPPORTING YOUTH SERVICES, EACH OF WHICH SUPPORTS THE ECONOMICALLY DISADVANTAGED AND COMBATS COMMUNITY DETERIORATION. BY PERFORMING PROGRAMMING IN SHARPSBURG OR MAKING DONATIONS TO GOVERNMENT ENTITIES, THE FOUNDATION WILL PERFORM THE CHARITABLE ACT OF LESSENING THE BURDENS OF GOVERNMENT, WHICH IS PARTICULARLY BENEFICIAL IN SMALL TOWNS SUCH AS SHARPSBURG. 0 0 339616 325777 TO SUPPORT BLUE GRASS COMMUNITY FOUNDATION, INC.'S MISSION TO CREATE GENEROUS, VIBRANT AND ENGAGED COMMUNITIES THROUGHOUT CENTRAL AND APPALACHIA KENTUCKY, SPECIFICALLY IN SHARPSBURG AND BATH COUNTY, KENTUCKY. IN ADDITION, THE FOUNDATION'S ACTIVITIES WILL SUPPORT THE EXEMPT PURPOSES OF OTHER 501(C)(3) ORGANIZATIONS IN THESE AREAS. THESE ACTIVITIES WILL SERVE CHARITABLE PURPOSES, INCLUDING ECONOMIC DEVELOPMENT AND SUPPORTING YOUTH SERVICES, EACH OF WHICH SUPPORTS THE ECONOMICALLY DISADVANTAGED AND COMBATS COMMUNITY DETERIORATION. BY PERFORMING PROGRAMMING IN SHARPSBURG OR MAKING DONATIONS TO GOVERNMENT ENTITIES, THE FOUNDATION WILL PERFORM THE CHARITABLE ACT OF LESSENING THE BURDENS OF GOVERNMENT, WHICH IS PARTICULARLY BENEFICIAL IN SMALL TOWNS SUCH AS SHARPSBURG.FURTHERMORE, THE FOUNDATION'S ACTIVITIES SERVE AN EDUCATIONAL PURPOSE. THE FOUNDATION MAY MAKE GRANTS TO ORGANIZATIONS OR GOVERNMENT ENTITIES TO SUPPORT VARIOUS TYPES OF EDUCATION. ADDITIONALLY, THE FOUNDATION MAY FUND SCHOLARSHIPS TO DESERVING HIGH SCHOOL GRADUATES OF BATH COUNTY HIGH SCHOOL TO PURSUE FURTHER EDUCATION. 339616 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X THE ORGANIZATION 8592253343 499 E HIGH STREET SUITE 112 LEXINGTON KY 40507 LISA ADKINS CHAIR 1.00 40.00 X X 0 234516 24092 BRIAN DINEEN TREASURER 1.00 40.00 X X 0 146234 22448 HALEE CUNNINGHAM SECRETARY 1.00 40.00 X X 0 79750 13741 0 460500 60281 0 0 1 0 0 759021 759021 1409 1409 760430 0 0 1409 325777 325777 125 125 500 500 11564 11564 EQUIPMENT 1149 1149 EVENTS 501 501 339616 339616 0 0 0 131303 0 40000 451001 15048 0 435953 0 607256 0 0 186442 0 186442 X 0 420814 0 420814 0 607256 420814 0 X X 0 1 X 1 0 X X X 1 BLUE GRASS COMMUNITY FOUNDATION INC 616053466 7 1 325777 0 1 325777 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 451001 15048 435953 435953 X PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. AS SUCH, THE ORGANIZATION IS GENERALLY EXEMPT FROM INCOME TAXES. HOWEVER, THE ORGANIZATION IS REQUIRED TO FILE FEDERAL FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX WHICH IS AN INFORMATIONAL RETURN ONLY. 1 UNIVERSITY OF KENTUCKY RESEARCH FOUNDATION PO BOX 931113 CLEVELAND OH 44193 616033693 501(C)(3) 239245 0 TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION CITY OF SHARPSBURG PO BOX 128 SHARPSBURG KY 40374 GOVERNMENT 24530 0 TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION INTERNATIONAL BOOK PROJECT 1440 DELAWARE AVENUE LEXINGTON KY 40505 616039627 501(C)(3) 6582 0 TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION GATEWAY REGIONAL ARTS CENTER 101 E MAIN ST MT STERLING KY 40353 611224757 501(C)(3) 6400 0 TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 4 0 PART I, LINE 2: ALL RECIPIENTS OF COMPETITIVE GRANTS ARE REQUIRED TO SUBMIT A GRANT REPORT AT THE END OF THE GRANT PERIOD, TYPICALLY ONE YEAR. GRANTEES ARE ASKED TO EVALUATE THE SUCCESS OF THEIR PROJECT. IF THE GRANT HAS BEEN INSTRUMENTAL IN ATTRACTING ADDITIONAL SUPPORT, TO PROVIDE INCOME AND EXPENSE INFORMATION INCLUDING WHETHER ALL GRANT DOLLARS WERE SPENT, FUTURE SUSTAINABILITY OF THE PROJECT, AND IF THERE WAS ANY VARIANCE IN THE PROJECT OR IN SPENDING. STAFF MEMBERS READ GRANT REPORTS, FILL OUT A GRANT REVIEW REPORT FORM, AND ATTACH THIS TO THE GRANT RECORD. GRANT COMMITTEES REVIEW A SUMMARY OF THE PREVIOUS YEAR'S GRANT REPORTS BEFORE CONSIDERING FUNDING TO THE SAME AGENCIES. AGENCIES THAT DO NOT SUBMIT GRANT REPORTS ARE NOT ELIGIBLE TO RECEIVE FUNDING FROM COMPETITIVE GRANTS. 0 0 0 0 0 0 0 0 0 LISA ADKINS CHAIR 0 234516 0 0 0 0 0 23452 0 640 0 258608 0 0 BRIAN DINEEN TREASURER 0 146234 0 0 0 0 0 15687 0 6761 0 168682 0 0 X 1 132399 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINAL FORM 990 AND SUPPLEMENTAL SCHEDULES ARE REVIEWED IN DETAIL BY THE BOARD. BOARD MEMBERS ARE INFORMED THAT A PASSWORD-PROTECTED COPY IS AVAILABLE FOR REVIEW ON THE FOUNDATION'S WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE UPDATED AND REVIEWED ANNUALLY. ANY CONFLICTS ARE NOTED AT THAT TIME AS WELL AS CREATION OF A PLAN FOR MONITORING THE CONFLICT IF A CONFLICT IS DETERMINED. PERSONS INVOLVED IN THE TRANSACTION INVOLVING A CONFLICT ARE PROHIBITED FROM PARTICIPATION IN THE DELIBERATIONS AND DECISIONS OF SUCH TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 FOR THE YEAR ENDED 6/30/23, THERE WAS NO EXECUTIVE DIRECTOR FOR THE FOUNDATION. STAFF FOR THE FOUNDATION WAS HIRED IN SEPTEMBER OF 2023. FORM 990, PART VI, SECTION C, LINE 19 MOST RECENT AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE WEBSITE OF THE BLUE GRASS COMMUNITY FOUNDATION, INC. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE FOR INSPECTION UPON REQUEST. FORM 990, PART XII, LINE 2C THE OVERSIGHT OF THE AUDIT AND PROCESS USED TO SELECT AN INDEPENDENT ACCOUNTANT DID NOT CHANGE DURING THE YEAR. BLUE GRASS COMMUNITY FOUNDATION INC 499 EAST HIGH STREET SUITE 112 LEXINGTON KY 40507 616053466 TO SUPPORT BGCF'S MISSION KY 501(C)(3) LINE 7 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0