2024-05-14T09:19:53-05:00 2023-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 101 SOUTH 5TH STREET STE 2100 LOUISVILLE KY 40202 990 2022-07-01 262417672 THE REAL ESTATE LEGACY FOUNDATION OF KENTUCKY INC REAL 5025854649 325 W MAIN STREET 1110 LOUISVILLE KY 40202 MATTHEW L BACON TREASURER 5025854649 2024-05-09 1 MATTHEW BACON 999009999 1 AMY DOSIK P00890743 8885871719 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MATTHEW L BACON 325 W MAIN STREET 1110 LOUISVILLE KY 40202 0 0 X HTTPS://WWW.CFLOUISVILLE.ORG X 2008 KY TO RECEIVE GIFTS OF REAL OR PERSONAL PROPERTY FOR CHARITABLE PURPOSES. 7 4 0 4 0 0 1509545 0 0 0 0 0 0 0 1509545 0 1559545 0 0 0 0 0 0 0 0 0 0 1559545 0 -50000 0 1200000 900000 0 0 1200000 900000 TO RECEIVE GIFTS OF REAL OR PERSONAL PROPERTY FOR CHARITABLE PURPOSES. 0 0 TO RECEIVE GIFTS OF REAL OR PERSONAL PROPERTY FOR CHARITABLE PURPOSES. 1 0 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 KY X X MATTHEW BACON 5025854649 325 WEST MAIN STREET SUITE 1110 LOUISVILLE KY 40202 RON GALLO PRESIDENT 0.10 49.90 X X 0 311423 9223 MATT BACON TREASURER 0.10 49.90 X X 0 199939 18779 HEATHER CASH DIRECTOR 0.10 49.90 X 0 136257 13866 KRIS SIRCHIO DIRECTOR 0.10 X 0 0 0 DAVID TACHAU CHAIR 0.10 6.00 X X 0 0 0 LIZ FUST VICE CHAIR 0.10 5.00 X X 0 0 0 DEBORAH WILLIAMS SECRETARY 0.10 6.00 X X 0 0 0 0 647619 41868 0 0 1 0 0 0 0 0 0 0 0 0 0 900000 1200000 900000 1200000 900000 0 0 X 1200000 900000 1200000 900000 1200000 900000 0 -300000 0 X X 0 1 X 1 0 X X X 1 COMMUNITY FOUNDATION OF LOUISVILLE INC 310997017 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 3596500 3596500 0.00000 0.00000 0.00000 900000 900000 900000 X PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUND IS TO HOLD GIFTS OF REAL ESTATE. ONCE THE REAL ESTATE IS SOLD, THE CASH WILL BE TRANSFERRED TO THE COMMUNITY FOUNDATION OF LOUISVILLE, INC. AND HELD IN ITS ENDOWMENT FUND. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (CODE). ADDITIONALLY, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE CONTEXT OF SECTION 509(A) OF THE CODE. WHEN APPLICABLE, THE FOUNDATION RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE "MORE-LIKELY-THAN-NOT" APPROACH AS DEFINED IN THE ASC. NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 RON GALLO PRESIDENT 0 311423 0 0 0 0 0 8536 0 687 0 320646 0 0 MATT BACON TREASURER 0 199939 0 0 0 0 0 5782 0 12997 0 218718 0 0 HEATHER CASH DIRECTOR 0 136257 0 0 0 0 0 4217 0 9649 0 150123 0 0 PART I, LINE 3 THE RELATED ORGANIZATION USES THE FOLLOWING TO ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: - HUMAN RESOURCES COMMITTEE - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR HUMAN RESOURCES COMMITTEE FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE RETURN IS REVIEWED FIRST BY INTERNAL MANAGEMENT. AFTER INTERNAL MANAGEMENT HAS REVIEWED THE RETURN AND ANY CHANGES ARE MADE A DRAFT IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW AND A COPY IS PROVIDED TO THE ENTIRE BOARD. ONCE THE COMMENTS FROM THE BOARD ARE REVIEWED THE FINAL DRAFT OF THE RETURN IS PREPARED AND SIGNED BY THE CFO. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES MAY NOT ENGAGE IN ACTIVITIES THAT MIGHT INTERFERE WITH THE DISCHARGE OF THEIR RESPONSIBILITY OR IN TRANSACTIONS THAT REASONABLY MIGHT AFFECT THE JUDGMENT EXERCISE ON BEHALF OF THE ORGANIZATION. IF THERE HAVE BEEN ANY CHANGES THAT MAY BE A POTENTIAL CONFLICT OF INTEREST, INDIVIDUALS SHOULD NOTIFY THE PRESIDENT & CEO. OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO READ AND SIGN A CONFLICT OF INTEREST DISCLOSURE FORM FROM TIME TO TIME WHICH THE ORGANIZATION WILL KEEP ON FILE. OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE EXPECTED AT ALL TIMES TO USE GOOD JUDGMENT AND TO ADHERE TO HIGH ETHICAL STANDARDS. IN DOING SO, THEY WILL CONDUCT THEIR AFFAIRS IN SUCH A MANNER AS TO AVOID ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST. THE ORGANIZATION BELIEVES THAT ITS OFFICERS, DIRECTORS AND KEY EMPLOYEES SHOULD NOT BE INHIBITED SOLELY BECAUSE OF POTENTIAL CONFLICTS OF INTEREST. IN FACT, THE ORGANIZATION BELIEVES THAT CONFLICTS OF INTEREST CAN BEST BE HANDLED THROUGH FULL DISCLOSURE OF SUCH INTERESTS, TOGETHER WITH NONINVOLVEMENT IN ANY VOTE WHERE SUCH A CONFLICT EXISTS. EACH OFFICER, DIRECTOR AND KEY EMPLOYEE IS REQUESTED TO PROVIDE ANNUALLY TO THE PRESIDENT OF CFL A LIST OF OFFICES AND DIRECTORSHIPS HE OR SHE HOLDS IN CHARITABLE AND BUSINESS ORGANIZATIONS, AND TO IDENTIFY HIS OR HER PLACE OF EMPLOYMENT OR PRINCIPAL BUSINESS ACTIVITY. OFFICERS, DIRECTORS AND KEY EMPLOYEES SHOULD DISCLOSE A CONFLICT OF INTEREST: - PRIOR TO VOTING ON OR OTHERWISE DISCHARGING HIS OR HER DUTIES. - PRIOR TO ENTERING INTO ANY CONTRACT WHICH COMES BEFORE THE BOARD OR ANY COMMITTEE; - AS SOON AS POSSIBLE AFTER THE INDIVIDUAL LEARNS OF A CONFLICT OF INTEREST IN ANY OTHER CONTEXT. DISCLOSURES SHOULD BE MADE TO THE BOARD CHAIR, PRESIDENT OF CFL, OR IN THE CASE OF A COMMITTEE, TO THE CHAIRPERSON OF THAT COMMITTEE. THE MINUTES OF THE MEETING SHOULD REFLECT THAT APPROPRIATE DISCLOSURE WAS MADE, AND THAT THE INTERESTED PARTY ABSTAINED FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES CURRENTLY; HOWEVER, THEY FOLLOW THE POLICIES AND PROCEDURES FOR DETERMINING COMPENSATION AS ESTABLISHED BY THE COMMUNITY FOUNDATION OF LOUISVILLE, INC. THE COMMUNITY FOUNDATION OF LOUISVILLE, INC. HAS A HUMAN RESOURCES COMMITTEE THAT ANNUALLY REVIEWS INDUSTRY SURVEY INFORMATION TO DETERMINE A FAIR AND REASONABLE COMPENSATION FOR THE OFFICERS AND KEY EMPLOYEES. THE PRESIDENT'S AND OFFICERS' COMPENSATION IS THEN APPROVED BY THE HUMAN RESOURCES COMMITTEE. COMPENSATION FOR ALL EMPLOYEES IS APPROVED BY THE HUMAN RESOURCES COMMITTEE AND BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PAGE 12, PART XII LINE 2C THE REAL ESTATE LEGACY FOUNDATION OF KENTUCKY, INC. IS AUDITED AS PART OF THE COMMUNITY FOUNDATION OF LOUISVILLE, INC. COMBINED GROUP. THE REAL ESTATE LEGACY FOUNDATION OF KENTUCKY, INC. IS INCLUDED IN THE COMMUNITY FOUNDATION OF LOUISVILLE, INC. AND AFFILIATES COMBINED FINANCIAL STATEMENTS. THE COMMUNITY FOUNDATION OF LOUISVILLE, INC. HAS AN AUDIT/FINANCE COMMITTEE THAT OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT AUDITOR FOR THE COMBINED GROUP. THE COMMUNITY FOUNDATION OF LOUISVILLE DEPOSITORY 325 W MAIN STREET SUITE 1110 LOUISVILLE KY 40202 311140889 FACILITATE INDIVIDUAL DONORS' CHARITABLE GIVING KY 501(C)(3) 7 COMMUNITY FOUNDATION OF LOUISVILLE INC 0 THE COMMUNITY FOUNDATION OF LOUISVILLE CORPORATE DEPOSITORY 325 W MAIN STREET SUITE 1110 LOUISVILLE KY 40202 611100993 FACILITATE INDIVIDUAL DONORS' CHARITABLE GIVING KY 501(C)(3) 7 COMMUNITY FOUNDATION OF LOUISVILLE INC 0 FELIX E MARTIN JR FOUNDATION INC 325 W MAIN STREET SUITE 1110 LOUISVILLE KY 40202 262193468 TYPE I SUPPORTING ORGANIZATION - MAINTAIN AND RECEIVE CONTRIBUTIONS KY 501(C)(3) 11 TYPE I COMMUNITY FOUNDATION OF LOUISVILLE INC 0 THE COMMUNITY FOUNDATION OF LOUISVILLE INC 325 W MAIN STREET SUITE 1110 LOUISVILLE KY 40202 310997017 FACILITATE INDIVIDUAL DONORS' CHARITABLE GIVING KY 501(C)(3) 7 N/A 0 LOUISVILLE PRESERVATION FUND INC 323 W BROADWAY SUITE 700 LOUISVILLE KY 40202 462871014 TYPE I SUPPORTING ORGANIZATION - MAINTAIN AND RECEIVE CONTRIBUTIONS KY 501(C)(3) 11 TYPE I COMMUNITY FOUNDATION OF LOUISVILLE INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0