2025-08-05T16:25:08+00:00 2024-09-30 440160260 Forvis Mazars LLP 312 Walnut Street Suite 3000 Cincinnati OH 45202 990 2023-10-01 611284992 Kentucky Chamber Foundation Inc KENT 5026954700 464 Chenault Road Frankfort KY 40601 ASHLI WATTS CEO 5026954700 2025-08-05 true true Aaron Hershberger P00961884 5136218300 2025-07-02 2023 2025-03-06 01:10:19Z ASHLI WATTS 464 Chenault Road Frankfort KY 40601 2586553 false X WWW.KYCHAMBER.COM X 1995 KY The Kentucky Chamber Foundation's purpose is to unlock the power of business, accelerate solutions, and build opportunity in Kentucky. 17 16 0 48 0 0 1692790 1940339 671659 629456 0 16758 0 0 2364449 2586553 2930 2150 0 0 1515000 1663490 0 0 0 1001200 1119958 2519130 2785598 -154681 -199045 1373660 1333239 162440 312016 1211220 1021223 The Kentucky Chamber Foundation's purpose is to unlock the power of business, accelerate solutions, and build opportunity in Kentucky. false false 2609291 2150 629456 THE KENTUCKY CHAMBER FOUNDATION WAS CREATED BY THE KENTUCKY CHAMBER OF COMMERCE TO FURTHER ITS MISSION OF CREATING AND SUPPORTING A COMPETITIVE BUSINESS CLIMATE IN KENTUCKY. THE CHAMBER FOUNDATION HAS COMMITTED TO DEVELOPING PROGRAMS AND SERVICES IN LINE WITH THE KENTUCKY CHAMBER'S VISION FOR KENTUCKY. DURING FY24, KENTUCKY CHAMBER FOUNDATION'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 $17,700 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. 2609291 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 4 0 true 0 false false false false false false false false false false false false X 17 16 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 523058 28027 CANDACE MCGRAW PAST CHAIR 1.0 0.0 X X 0 0 0 CONDRAD DANIELS CHAIR 1.0 0.0 X X 0 0 0 KIMBERLY HALBAUER TREASURER 1.0 1.0 X X 0 0 0 AMANDA HUDDLESTON DIRECTOR 1.0 0.0 X 0 0 0 ANNE-TYLER MORGAN DIRECTOR 1.0 0.0 X 0 0 0 CHARLES MADDUX DIRECTOR 1.0 0.0 X 0 0 0 HOLLIE SPADE DIRECTOR 1.0 0.0 X 0 0 0 JONATHAN COPLEY DIRECTOR 1.0 0.0 X 0 0 0 KEVIN SMITH DIRECTOR 1.0 0.0 X 0 0 0 KEVIN SUTPHIN DIRECTOR 1.0 0.0 X 0 0 0 LES FUGATE DIRECTOR 1.0 0.0 X 0 0 0 PAIGE FRANKLIN DIRECTOR 1.0 0.0 X 0 0 0 RAY DANIELS DIRECTOR 1.0 0.0 X 0 0 0 SHARNIKA GLENN DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM SUMMERS V DIRECTOR 1.0 0.0 X 0 0 0 YAJAIRA AICH WEST DIRECTOR 1.0 0.0 X 0 0 0 0 523058 28027 0 false true false 0 0 0 0 0 0 1940339 0 1940339 Kentucky State Contracts 900099 601918 601918 0 0 Seminar Revenue 900099 24650 24650 0 0 Miscellaneous Revenue 900099 2888 2888 0 0 0 0 0 0 0 0 0 0 0 0 0 0 629456 16758 0 0 16758 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 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 2586553 629456 0 16758 2150 2150 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1395267 1395267 0 0 0 0 0 0 166580 166580 0 0 101643 101643 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 61512 61512 0 0 21219 19331 1888 0 28352 27102 1250 0 0 0 0 0 0 0 0 0 34806 34806 0 0 152534 152444 90 0 0 0 0 0 61996 61893 103 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Consulting & Contract Labor 554077 547202 6875 0 Admin Fees 166101 0 166101 0 All Other Expenses 27206 27206 0 0 Due & Subscriptions 12155 12155 0 0 0 0 0 0 2785598 2609291 176307 0 0 0 1305350 1126789 11060 15880 52940 45963 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4310 144607 0 0 0 0 0 0 1373660 1333239 162440 280094 0 0 0 31922 0 0 0 0 0 0 0 0 0 0 0 0 162440 312016 X -104945 -75713 1316165 1096936 0 0 0 0 0 0 1211220 1021223 1373660 1333239 -199045 9048 0 0 0 0 X false true X true false X 1170781 1369897 3704136 1692790 1940339 9877943 0 0 0 0 0 0 0 0 0 0 0 0 1170781 1369897 3704136 1692790 1940339 9877943 2735396 7142547 0 0 0 0 16758 16758 0 0 0 0 0 0 0 0 0 0 0 0 9894701 3342952 0.7219 0.6952 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2595601 9048 0 0 0 9048 2586553 0 0 0 2586553 2785598 0 0 0 0 0 2785598 0 0 0 2785598 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 428746 0 89775 0 4537 0 17014 0 11013 0 551085 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. KENTUCKY CHAMBER WORKFORCE CENTER LLC 464 CHENAULT ROAD FRANKFORT KY 40601 833027271 EDUCATION AND WORKFORCE INITIATIVES KY 1220950 246225 KENTUCKY CHAMBER FOUNDATION INC LEADERSHIP INSTITUTE FOR SCHOOL PRINCIPALS LLC 464 CHENAULT ROAD FRANKFORT KY 40601 833632138 LEADERSHIP TRAINING KY 592500 0 KENTUCKY CHAMBER FOUNDATION INC KENTUCKY CHAMBER OF COMMERCE INC 464 CHENAULT ROAD FRANKFORT KY 40601 610405718 MEMBERSHIP ORGANIZATION KY 501(c)(6) NA true KENTUCKY CHAMBER ADVOCACY COMMITTEE INC 464 CHENAULT ROAD FRANKFORT KY 40601 825223980 ECONOMIC WELFARE INITIATIVES KY 501(c)(4) KENTUCKY CHAMBER OF COMMERCE INC true CHAMBER BUSINESS SOLUTIONS 464 CHENAULT ROAD FRANKFORT KY 40601 832294974 BUSINESS SUPPORT SERVICES KY KENTUCKY CHAMBER OF COMMERCE C Corporation 0 0 true CHAMBER BUSINESS SOLUTIONS TRUST 464 CHENAULT ROAD FRANKFORT KY 40601 EMPLOYEE WELFARE BENEFIT PLAN KY KENTUCKY CHAMBER OF COMMERCE Trust 0 0 false false false false false false false false false false false true true false true true true false false false KENTUCKY CHAMBER OF COMMERCE P 1759333 BOOK VALUE