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Nonprofit · EIN 47-4252207

KENTUCKY CLASSIC ARTS AT CENTRE SQUARE INC

Tax-exempt · LEBANON, KY 40033

Financials

$389K$325K2023$530K$380K2024
Revenue Expenses · by fiscal year end
Financials of KENTUCKY CLASSIC ARTS AT CENTRE SQUARE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$530,266$379,825$150,441$502,907$5,398$497,509
December 31, 2023990$388,760$325,071$63,689$353,460$6,392$347,068
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$188,821
of which government grants
$10,847
Membership dues
$1,345
Program service revenue
$157,716
Investment income
$10,919
Net gain from sales of assets
-$2,134
Net income from sales of inventory
$172,810
Other revenue
$172,810

Expenses

Grants and similar amounts paid
$700
Compensation of officers, directors and key employees
$49,846
Other salaries and wages
$149,236
Salaries, compensation and benefits (total)
$219,027
Professional fundraising fees
$0
Occupancy
$20,013
Travel
$6,535
Depreciation
$17,117
Program services (functional)
$270,368
Management and general (functional)
$109,457

Balance sheet and other

Total assets, start of year
$353,460
Total assets, end of year
$502,907
Total liabilities, end of year
$5,398
Net assets, end of year
$497,509
Land, buildings and equipment
$148,034
Gross receipts
$625,340
Employees
22
Volunteers
100
Year formed
2015
State of legal domicile
KY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
WILL KNIGHTDIRECTOR
Trustee or director
1$0
LUCINDA EFFNERDIRECTOR
Trustee or director
1$0
DOUG REEDERDIRECTOR
Trustee or director
1$0
MICHELE RILEYDIRECTOR
Trustee or director
1$0
KATHY HAWTHORNEPRESIDENT
Officer
2$0
KATE PALAGITREASURER
Officer
12$0
PATI MCCANNSECRETARY
Officer
1$0
LYNN D FARRISVICE PRESIDENT
Officer
1$0
ROBIN HUMPHRESSEXECUTIVE DIRECTOR
Officer
25$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
ROBIN HUMPHRESSEXECUTIVE DIRECTOR
Officer
25$45,056
KATE PALAGITREASURER
Officer
12$7,620
LYNN D FARRISDIRECTOR
Trustee or director
0$0
PATI MCCANNDIRECTOR
Trustee or director
0$0
CYNDI MATTINGLYSECRETARY
Officer
1$0
JOSEPH STEWARTPRESIDENT
Officer
2$0
ROGER COBBVICE PRESIDENT
Officer
0$0

Address and contacts

Address (IRS master file)
237 N SPALDING AVE, LEBANON, KY 40033-1518
In care of
% KATE PALAAGI
Signed the 990
KATE PALAAGI, TREASURER
Phone
(270) 699-2787
Return prepared by
RICK L DOWNS CPA PSC

Mission

PROVIDE CULTURAL EVENTS FOR THE COMMUNITY.

990 for the year ended December 31, 2024

Program accomplishments

  • HELD 25 PROGRAMS DURING 2024 WITH MORE THAN 8,000 ATTENDEES.
    Expenses $270,368 · revenue $157,716

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-4252207
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2016
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$502,907
Income (IRS master file)
$625,340

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$530,266$379,825$502,907XML
990December 2023$388,760$325,071$353,460XML
990December 2022$385,032$306,454$287,488IRS
990December 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-4252207).

Questions about KENTUCKY CLASSIC ARTS AT CENTRE SQUARE INC

What is the EIN of KENTUCKY CLASSIC ARTS AT CENTRE SQUARE INC?
The employer identification number (EIN) of KENTUCKY CLASSIC ARTS AT CENTRE SQUARE INC is 47-4252207.
Is KENTUCKY CLASSIC ARTS AT CENTRE SQUARE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to KENTUCKY CLASSIC ARTS AT CENTRE SQUARE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KENTUCKY CLASSIC ARTS AT CENTRE SQUARE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of KENTUCKY CLASSIC ARTS AT CENTRE SQUARE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KENTUCKY CLASSIC ARTS AT CENTRE SQUARE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of KENTUCKY CLASSIC ARTS AT CENTRE SQUARE INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does KENTUCKY CLASSIC ARTS AT CENTRE SQUARE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $530,266, expenses of $379,825 and total assets of $502,907 at year end.

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