Nonprofit · EIN 61-1284992
KENTUCKY CHAMBER FOUNDATION INC
Tax-exempt · FRANKFORT, KY 40601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $2,345,732 | $2,363,331 | -$17,599 | $1,260,923 | $263,277 | $997,646 |
| September 30, 2024 | 990 | $2,586,553 | $2,785,598 | -$199,045 | $1,333,239 | $312,016 | $1,021,223 |
| September 30, 2023 | 990 | $2,364,449 | $2,519,130 | -$154,681 | $1,373,660 | $162,440 | $1,211,220 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $1,800,686
- Program service revenue
- $502,957
- Investment income
- $42,089
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $1,319,840
- Salaries, compensation and benefits (total)
- $1,577,834
- Professional fundraising fees
- $0
- Occupancy
- $8,944
- Travel
- $177,619
- Program services (functional)
- $2,141,763
- Management and general (functional)
- $221,568
Balance sheet and other
- Total assets, start of year
- $1,333,239
- Total assets, end of year
- $1,260,923
- Total liabilities, end of year
- $263,277
- Net assets, end of year
- $997,646
- Publicly traded securities
- $7,379
- Net assets without donor restrictions
- -$19,740
- Net assets with donor restrictions
- $1,017,386
- Gross receipts
- $2,345,732
- Employees
- 0
- Volunteers
- 49
- Year formed
- 1995
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ASHLI WATTS | PRESIDENT / CEO & SECRETARY Trustee or director, Officer | 1 | $0 | $558,764 | $28,962 |
| CONDRAD DANIELS | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KIMBERLY HALBAUER | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILLIAM SUMMERS V | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANNE-TYLER MORGAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CANDACE MCGRAW | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HOLLIE SPADE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JONATHAN COPLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KELLEY WORKMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN SUTPHIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIM BAKER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIM SWEAZY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LES FUGATE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MEGAN ATKINS THOBEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELEIGHA MILBY | DIRECTOR Trustee or director | 1 | $0 |
| PAIGE FRANKLIN | DIRECTOR Trustee or director | 1 | $0 |
| RAY DANIELS | DIRECTOR Trustee or director | 1 | $0 |
| RICH MADDUX | DIRECTOR Trustee or director | 1 | $0 |
| SHARNIKA GLENN | DIRECTOR Trustee or director | 1 | $0 |
| STEVEN RUDOLF | DIRECTOR Trustee or director | 1 | $0 |
| TALLEY RUSSELL | DIRECTOR Trustee or director | 1 | $0 |
| THERESA RENO-WEBER | DIRECTOR Trustee or director | 1 | $0 |
| YAJAIRA AICH WEST | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ASHLI WATTS | PRESIDENT/CEO & SECRETARY Trustee or director, Officer | 1 | $0 | $523,058 | $28,027 |
| CANDACE MCGRAW | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CONDRAD DANIELS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KIMBERLY HALBAUER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| AMANDA HUDDLESTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANNE-TYLER MORGAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES MADDUX | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HOLLIE SPADE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JONATHAN COPLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN SUTPHIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LES FUGATE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAIGE FRANKLIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RAY DANIELS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHARNIKA GLENN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM SUMMERS V | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| YAJAIRA AICH WEST | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ASHLI WATTS | PRESIDENT/CEO & SECRETARY Trustee or director, Officer | 1 | $0 | $398,712 | $30,198 |
| CANDACE MCGRAW | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CONRAD DANIELS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ELIZABETH MCCOY | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANNE-TYLER MORGAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DIERDRE LYONS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HOLLIE SPADE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN SUTPHIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIMBERLY HALBAUER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LES FUGATE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARK GUILFOYLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAIGE MANKOVICH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PATTIE DALE TYE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAULA HANSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TALLEY RUSSELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM SUMMERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WINSTON GRIFFIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 464 CHENAULT RD, FRANKFORT, KY 40601-9260
- Principal officer (990 for 2024)
- ASHLI WATTS, 464 CHENAULT ROAD, FRANKFORT, KY 40601
- Signed the 990
- ASHLI WATTS, CEO
- Phone
- (502) 695-4700
- Website
- WWW.KYCHAMBER.COM
- Return prepared by
- FORVIS MAZARS LLP
Mission
THE KENTUCKY CHAMBER FOUNDATION'S PURPOSE IS TO UNLOCK THE POWER OF BUSINESS, ACCELERATE SOLUTIONS, AND BUILD OPPORTUNITY IN KENTUCKY.
Program accomplishments
- 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.Expenses $2,141,763 · revenue $502,957
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 61-1284992
- 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
- 1997
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $1,260,923
- Income (IRS master file)
- $2,345,732
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $2,345,732 | $2,363,331 | $1,260,923 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $2,586,553 | $2,785,598 | $1,333,239 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $2,364,449 | $2,519,130 | $1,373,660 | XML |
| 990 | September 2022 | $4,479,219 | $3,792,460 | $1,547,412 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 61-1284992).
Questions about KENTUCKY CHAMBER FOUNDATION INC
- What is the EIN of KENTUCKY CHAMBER FOUNDATION INC?
- The employer identification number (EIN) of KENTUCKY CHAMBER FOUNDATION INC is 61-1284992.
- Is KENTUCKY CHAMBER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to KENTUCKY CHAMBER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KENTUCKY CHAMBER FOUNDATION 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 CHAMBER FOUNDATION INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KENTUCKY CHAMBER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of KENTUCKY CHAMBER FOUNDATION INC?
- The 990 for the year ended September 30, 2025 names ASHLI WATTS.
- Who are the officers and directors of KENTUCKY CHAMBER FOUNDATION INC?
- The 990 for the year ended September 30, 2025 lists 24 people; 0 received compensation from the organization.
- How much revenue does KENTUCKY CHAMBER FOUNDATION INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $2,345,732, expenses of $2,363,331 and total assets of $1,260,923 at year end.
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All nonprofits in FRANKFORT · Kentucky · Community improvement and capacity building