Greater Louisville Foundation
Meets Standards
Standards For Charity Accountability
Governance
-
Board Oversight
-
Board Size
-
Board Meetings
-
Board Compensation
-
Conflict of Interest
Measuring Effectiveness
-
Effectiveness Policy
-
Effectiveness Report
Finances
-
Program Expenses
-
Fundraising Expenses
-
Accumulating Funds
-
Audit Report
-
Detailed Expense Breakdown
-
Accurate Expense Reporting
-
Budget Plan
Fundraising & Info
-
Truthful Materials
-
Annual Report
-
Website Disclosures
-
Donor Privacy
-
Cause Marketing Disclosures
-
Complaints
Greater Louisville Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
To
accelerate economic growth, job creation, and business competitiveness in the
Greater Louisville area.
Year, State Incorporated:
1987, KY
Greater Louisville Foundation was formed to identify, mobilize, and fund programs to address Louisville’s greatest challenges regarding business growth and increased economic prosperity for all citizens in the Greater Louisville region. Today, the foundation supports key community initiatives as identified through the strategic planning process of Greater Louisville Inc. Currently, the foundation funds Live in Lou and GLI’s Workforce and Education Initiatives.
For the year ended December 31, 2023, Greater Louisville Foundation's program expenses were:
| Program services | $239,475 |
| Total Program Expenses | $239,475 |
Chief Executive
Sarah Davasher-Wisdom, President & CEO, Greater Louisville Inc.
Chair of the Board
Mr. Rocki Rockingham
Chair's Profession / Business Affiliation
Chief HR Officer, GE Appliances
Board Size
13
Paid Staff Size
30
Method(s) Used:
Telephone appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Grant proposals, Internet, Cause-related marketing (affinity credit cards, consumer product sales, etc.), Membership appeals, Appeals via Social Media (Facebook, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Greater Louisville Foundation's IRS Form 990 for the year ended December 31, 2023.
Source of Funds
| Contributions, gifts, grants | $288,345 |
| Investment income | $48 |
| Total Income | $288,393 |
Programs: 97% Fundraising: 0% Administrative: 3%
| Total Income | $288,393 |
| Total expenses: | $247,493 |
| Program expenses | $239,475 |
| Fundraising expenses | $0 |
| Administrative expenses | $8,018 |
| Other expenses | $0 |
| Income in Excess of Expenses | $40,900 |
| Beginning Net Assets | $75,166 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $116,066 |
| Total Liabilities | $541,115 |
| Total Assets | $657,181 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
-
Meets Standards
-
Standards Not Met
-
Did Not Disclose
-
Review in Progress
-
Unable to Verify
Report completed by:
BBB serving Greater Kentucky and South Central Indiana