2024-05-16T02:17:47-04:00 2023-06-30 990 2022-07-01 310999046 KENTUCKY CENTER FOR THE ARTS FOUNDATION INC % KIMBERLY BAKER KENT 5025620100 501 W MAIN ST LOUISVILLE KY 402022919 Dawn Driskell Vice President of Finance 2024-05-16 Dawn Driskell XXX-XX-XXXX 2022 2023-04-26 12:10:37Z KENTUCKY PERFORMING ARTS FOUNDATION INC KIMBERLY BAKER 501 W MAIN ST LOUISVILLE KY 402022919 9828026 false X www.kentuckyperformingarts.org X 1980 KY Solicitation and receipt of gifts grants and contributions from individuals groups corporations and other sources public and private to finance the capital operating and programming costs of The Kentucky Center for the Arts Corporation. 16 16 0 16 0 16 834632 886277 497704 497704 977558 1914258 54 670 2309948 3298909 1498946 2160756 0 0 0 0 0 0 0 587584 794835 2086530 2955591 223418 343318 27350513 29629027 3538579 5242358 23811934 24386669 Solicitation and receipt of gifts grants and contributions from individuals groups corporations and other sources public and private to finance the capital operating and programming costs of The Kentucky Center for the Arts Corporation. false false 1637882 1637882 337059 Operating support for The Kentucky Center for the Arts Corporation. 416086 148860 397704 Lease agreement with The Kentucky Center for the Arts Corporation for the operation of the Brown Theatre theatrical venue. 315790 315790 267046 Support for education program - Kentucky Governor's School for the Arts - 512 students attended a 3-week in-person intensive arts education program. Students also participated in related workshops throughout the year. 190517 58224 151467 2560275 true true false true false false false true false true true false false true true false true false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 0 0 true 0 false false false false false false false 0 false false false false false false false X 16 16 false false false false false false false true true false false true true true true true true false false false KY X Dawn Driskell 5025620100 501 W MAIN ST LOUISVILLE KY 402022919 X Todd Lowe Board Chairman 0.44 0.00 X X 0 0 0 Kimberly Baker Vice Chair 0.58 0.00 X X 0 0 0 Eileen Saunders Secretary 0.27 0.00 X X 0 0 0 Carolle Jones Clay Board Member 0.17 0.00 X 0 0 0 Tim Galbraith Board Member 0.27 0.00 X 0 0 0 Ankur Gopal Board Member 0.05 0.00 X 0 0 0 Doug Owen Board Member 0.13 0.00 X 0 0 0 Chase Sanders Board Member 0.10 0.00 X 0 0 0 Diane Tobin Board Member 0.10 0.00 X 0 0 0 Ruth Trautwein Board Member 0.21 0.00 X 0 0 0 Lisa Zangari Board Member 0.17 0.00 X 0 0 0 Cindy Zipperle Treasurer 0.25 0.00 X X 0 0 0 Charles Moyer Board Member 0.21 0.00 X 0 0 0 Leah Huddleston Secretary 0.05 0.00 X X 0 0 0 Lillian Hunt Board Member 0.12 0.00 X 0 0 0 Brad Keller Board Member 0.07 0.00 X 0 0 0 Rolf Provan Board Member 0.05 0.00 X 0 0 0 Chris Kipper Board Member 0.17 0.00 X 0 0 0 0 0 0 0 false false false 0 49760 0 0 0 836517 0 886277 Parking Garage 100000 100000 0 0 Brown Theatre 397704 397704 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 497704 555301 115467 0 439834 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7888074 0 6529117 0 1358957 0 1358957 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Proceeds on class action lawsuit 670 670 0 0 0 0 0 0 0 0 0 0 0 0 0 0 670 3298909 613841 0 439834 2160756 2160756 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4274 0 4274 0 23775 0 23775 0 18000 18000 0 0 0 0 58858 0 58858 0 0 0 0 0 0 0 0 0 4156 0 4156 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1870 0 1870 0 120981 116901 4080 0 0 0 0 0 268532 194610 73922 0 63604 59974 3630 0 Allowance for Uncollectible Accounts Adjustments 200016 0 200016 0 Strategic Planning Expenses 20022 0 20022 0 Repairs & Maintenance 10034 10034 0 0 Miscellaneous Filing Fees 713 0 713 0 0 0 0 0 2955591 2560275 395316 0 0 0 0 0 796141 124278 829306 771004 0 0 520160 221223 0 0 0 0 1976325 1724055 0 0 17659 18410 7234022 1860008 3496572 5374014 15170000 16851693 0 0 0 0 0 0 4544350 4544350 27350513 29629027 89210 373101 367307 544802 843900 609193 0 0 0 0 0 0 2084253 3562724 150000 150000 3909 2538 3538579 5242358 X 18298103 18674180 5513831 5712489 23811934 24386669 27350513 29629027 343318 231417 0 0 0 0 X false true X true false X 1206951 1137550 855404 834632 886277 4920814 0 0 0 0 0 0 0 0 0 0 0 0 1206951 1137550 855404 834632 886277 4920814 367730 4553084 2001401 1222361 1403132 1475262 2392998 8495154 0 0 0 0 0 0 0 0 44483 54 670 45207 13461175 0.3382 0.3476 X Part II - Line 10 | Year:, Amount:, Description:| 2018, 0, | 2019, 0| 2020, 44483debt forgiveness| 2021, 54proceeds from class action lawsuit related to securities held| 2022, 670proceeds from class action lawsuit related to securities held| RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false 0 false 0 false 0 false 0 false 0 false 0 true 18000 18000 false false Part II | PartandLinenumber:,Explanation:| Part2SectionBLine1i,An unrelated organization is paid a monthly stipend to monitor and inform of legislation budget issues affecting THe Kentucky Center for the Arts Corporation.| 0 4544350 0 0 X X X false 23811934 886277 4790768 -2160756 -2746751 -194803 24386669 27137627 1332390 -2614439 -1498946 -389707 -154991 23811934 22352145 1353108 5242994 -1319404 -300411 -190804 27137627 22893475 3285254 44693 -3177838 -350526 -342913 22352145 22955034 1704655 702111 -1859963 -363060 -245302 22893475 0.77 0.1 0.13 false false 860000 860000 2919077 -955409 1963668 1469281 -904599 564682 1985664 1985664 5374014 Artwork Collection 4544350 4544350 Interest Rate Swap Liability 2538 2538 3511362 231418 231418 3279944 18965 18965 3298909 2936627 0 2936627 18964 18964 2955591 Part III, line 4 The Kentucky Center for the Arts Foundation Inc. owns a diverse array of contemporary art which is on permanent display throughout The Kentucky Center for the Arts and includes works by artists such as John Chamberlain Malcolm Morley Alexander Calder Jean DuBuffet Louise Nevelson and John Miro. Part V, line 4 The Kentucky Center for the Arts Foundation Inc. uses its endowment funds to make grants to the Kentucky Center for the Arts Corporation to support the organization's operating programming and capital costs. true Kentucky Center for the Arts Corporation 501 West Main Street Louisville KY 40202 610973376 501(c)(3) 2160756 0 Operating education and program support. 1 0 Part I Line 2 The Kentucky Center for the Arts Foundation Inc. "Foundation" supports the operating programming and capital costs of The Kentucky Center for the Arts Corporation "Corporation". The Foundation budgets annual grants from endowment funds per the spending policy of the Foundation. The budget is approved by the Foundation Board of Directors. The Executive Committees of the Corporation and the Foundation meet jointly once a quarter. The Board of Directors of the Corporation and the Foundation meet jointly twice a year. Directors of both organizations participate in strategic planning periodically. Part VI, Line 11b Form 990 is prepared by the Vice President of Finance. It is reviewed by the organization's CPA firm and the Treasurer of The Kentucky Center for the Arts Foundation Inc. for approval. It is then distributed to board members. Part VI, Line 12c All Directors are required to sign a conflict of interest statement to disclose any conflicts. All documents are reviewed by the Governance Committee. All disclosures are noted in the minutes of the board meeting. Part VI, Line 19 Documents are maintained at 501 West Main Street Louisville Kentucky 40202 and are available upon request. Part III, Line 4d | Description:, Expense Amount:, Grants Amount:, Revenue Amount:| Support for education program - ArtsReach and underserved youth., $58224, $58224, $36000| Artwork expenses, $59974, $0, $0| Parking garage repairs & maintenance and depreciation., $54319, $0, $115467| Government relations to monitor legislative and budget issues that may affect The Kentucky Center for the Arts Corporation., $18000, $0, $0|