2026-08-07T12:46:06+00:00 2025-09-30 440160260 FORVIS MAZARS LLP 312 WALNUT STREET SUITE 3000 CINCINNATI OH 45202 990 2024-10-01 611284992 KENTUCKY CHAMBER FOUNDATION INC KENT 5026954700 464 CHENAULT ROAD FRANKFORT KY 40601 ASHLI WATTS CEO 5026954700 2026-08-07 true true AARON HERSHBERGER P00961884 5136218300 2026-07-20 2024 2025-03-06 01:10:19Z ASHLI WATTS 464 CHENAULT ROAD FRANKFORT KY 40601 2345732 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. 24 23 0 49 0 0 1940339 1800686 629456 502957 16758 42089 0 0 2586553 2345732 2150 0 0 0 1663490 1577834 0 0 0 1119958 785497 2785598 2363331 -199045 -17599 1333239 1260923 312016 263277 1021223 997646 THE KENTUCKY CHAMBER FOUNDATION'S PURPOSE IS TO UNLOCK THE POWER OF BUSINESS, ACCELERATE SOLUTIONS, AND BUILD OPPORTUNITY IN KENTUCKY. false false 2141763 0 502957 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 FY25, 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 590 PRINCIPALS WITH DONATIONS OF MORE THAN $3.2 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. 2141763 true true false 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 false false true true true true false false true 7 0 true 0 false false false false false false false false false false false false X 24 23 false false false false false false false true false false false false true true true true true true true false 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 558764 28962 CONDRAD DANIELS PAST CHAIR 1.0 1.0 X X 0 0 0 KIMBERLY HALBAUER CHAIR 1.0 1.0 X X 0 0 0 WILLIAM SUMMERS V TREASURER 1.0 0.0 X X 0 0 0 ANNE-TYLER MORGAN DIRECTOR 1.0 0.0 X 0 0 0 CANDACE MCGRAW DIRECTOR 1.0 1.0 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 KELLEY WORKMAN 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 KIM BAKER DIRECTOR 1.0 0.0 X 0 0 0 KIM SWEAZY DIRECTOR 1.0 0.0 X 0 0 0 LES FUGATE DIRECTOR 1.0 1.0 X 0 0 0 MEGAN ATKINS THOBEN DIRECTOR 1.0 0.0 X 0 0 0 MELEIGHA MILBY DIRECTOR 1.0 0.0 X 0 0 0 PAIGE FRANKLIN DIRECTOR 1.0 1.0 X 0 0 0 RAY DANIELS DIRECTOR 1.0 1.0 X 0 0 0 RICH MADDUX DIRECTOR 1.0 0.0 X 0 0 0 SHARNIKA GLENN DIRECTOR 1.0 0.0 X 0 0 0 STEVEN RUDOLF DIRECTOR 1.0 0.0 X 0 0 0 TALLEY RUSSELL DIRECTOR 1.0 0.0 X 0 0 0 THERESA RENO-WEBER DIRECTOR 1.0 0.0 X 0 0 0 YAJAIRA AICH WEST DIRECTOR 1.0 0.0 X 0 0 0 0 558764 28962 0 false true false 0 1800686 0 1800686 KENTUCKY STATE CONTRACTS 900099 489287 489287 SEMINAR REVENUE 900099 13500 13500 MISCELLANEOUS REVENUE 900099 170 170 0 0 0 0 502957 42089 42089 0 0 0 0 0 0 0 0 0 2345732 502957 0 42089 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1319840 1319840 0 0 0 0 0 0 164218 164218 0 0 93776 93776 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 119338 119338 0 0 32595 32595 0 0 18615 13615 5000 0 1421 1421 0 0 0 0 0 0 8944 8944 0 0 177619 177619 0 0 0 0 0 0 77985 77678 307 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CONSULTING & CONTRACT LABOR 30225 30225 0 0 ADMIN FEES 216010 0 216010 0 ALL OTHER EXPENSES 70391 70140 251 0 DUES & SUBSCRIPTIONS 21476 21476 0 0 10878 10878 0 0 2363331 2141763 221568 0 0 0 1126789 1208286 15880 5050 45963 40208 0 0 0 0 0 0 0 0 0 0 0 0 0 0 144607 7379 0 0 0 0 0 0 1333239 1260923 280094 263277 0 0 31922 0 0 0 0 0 0 0 0 0 0 0 0 0 312016 263277 X -75713 -19740 1096936 1017386 0 0 0 0 0 0 1021223 997646 1333239 1260923 -17599 -5978 0 0 0 0 X false true true false X 1369897 3704136 1692790 1940339 1800686 10507848 0 0 0 0 0 0 0 0 0 0 0 0 1369897 3704136 1692790 1940339 1800686 10507848 2924082 7583766 0 0 0 16758 42089 58847 0 0 0 0 0 0 0 0 0 0 0 0 10566695 3243506 0.71770 0.72186 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2858254 -5978 518500 0 0 512522 2345732 0 0 0 2345732 2881831 518500 0 0 0 518500 2363331 0 0 0 2363331 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 456645 0 95925 0 6194 0 17310 0 11652 0 587726 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. 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