Fayette County Bar Foundation INC

Tax-deductible

Lexington, KY501(c)(3)Foundations & GrantmakersEIN 20-4761072Revenue $95K in FY2024

On file with the IRSfcbf.net110 W Vine St 415, 40507-1658 · Lexington, KYTax-exempt since Jul 2006Publicly supported — 509(a)(2)

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Solicitation of contributions to be distributed to tax exempt organizations for law related projects, activities, and education

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $147 a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$95K
+143% vs prior year
Spent
$74K
To programs
80%
Net assets
$999K
By yearFY2020–FY2024
Revenue
$95K
FY2024▲ +143%
Tap a bar for its year
Revenue by fiscal year
FY2020$41K
FY2021$79K
FY2021$85K
FY2022$45K
FY2023$39K
FY2024$95K
Expenses
$74K
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$49K
FY2021$50K
FY2021$51K
FY2022$61K
FY2023$65K
FY2024$74K
Net assets
$999K
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$955K
FY2021$984K
FY2021$1.0M
FY2022$1.0M
FY2023$977K
FY2024$999K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $59K Management & general 20% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Fayette County Bar Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fund law-related projects, activities, and education by collecting donations for tax-exempt groups.

Questions for Fayette County Bar Foundation INC

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Provided by the organization

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1 program · $59K · in their own filed words · FY2024
01

Solicitation of contributions to be distributed to tax exempt organizations for law related projects, activities, and education

$59Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 13 grants · $85K · 2020–2024
Maxwell Street Legal ClinicKY · FY2024$6,000
Casa of Lexington INCKY · FY2024$6,000
Casa of Lexington INCKY · FY2023$7,000
Maxwell Street Legal ClinicKY · FY2022$8,000
Casa of Lexington INCKY · FY2020$6,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$95K
Ln 12
Investment incomeLn 3$79K
Gifts and grantsLn 1h$15K
Other incomeLn 4–11$2K
Money outPt IX
$74K
Ln 25
Programscol B$59K
Managementcol C$15K
Owns and owesPt X
$999K
net assets · Ln 32
Cash and savingsLn 1–2$15K
Total assetsLn 16$999K
LiabilitiesLn 26$0
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15K
Investment incomeLn 3$79K
Other incomeLn 4–11$2K
Gains on assetsLn 7$49K
Total revenueLn 12$95K
Assets in detailPt X, end of year
CashLn 1$15K
Cash and savings togetherLn 1–2$15K
InvestmentsLn 11–13$983K
Total assetsLn 16$999K
LiabilitiesLn 26$0
Net assetsLn 32$999K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$18K$15K
InvestmentsLn 11–13$960K$983K
Total assetsLn 16$977K$999K
LiabilitiesLn 26$0$0
Net assetsLn 32$977K$999K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$58K$58K
Information technologyLn 14$1K$1K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$14K$14K
Total functional expensesLn 25$74K$59K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $95K$74K$21K$999K 990 PDF
FY2023 $39K$65K−$26K$977K 990 PDF
FY2022 $45K$61K−$15K$1.0M 990 PDF
FY2021 $79K$50K$29K$984K 990 PDF
FY2020 $41K$49K−$8K$955K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $95,452 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $14,988$14,652
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $15,052$79,165
I-11 Other revenuePrior year $9,211$1,635
I-12 Total revenuePrior year $39,251$95,452
I-13 Grants and similar amounts paidPrior year $50,000$58,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,843$16,203
I-18 Total expensesPrior year $64,843$74,203
I-19 Revenue less expensesPrior year −$25,592$21,249
Part VI · Governance 25 of 25 board members independent, 3 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $95,452 across 6 lines filed
VIII-1f All other contributions, gifts and grants$14,652
VIII-1h Total contributions, gifts and grants$14,652
VIII-3 Investment incomeExcluded from tax $30,646$30,646
VIII-7 Net gain or loss on sales of assetsRelated to mission $48,519$48,519
VIII-8 Net income from fundraising eventsExcluded from tax $1,635$1,635
VIII-12 Total revenueRelated to mission $48,519 · Unrelated business $0 · Excluded from tax $32,281$95,452
Part IX · Statement of functional expenses $74,203 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $58,000$58,000
IX-14 Information technologyPrograms $1,422$1,422
IX-23 InsuranceManagement $1,132$1,132
IX-24 Other expenses (24a–d)Management $13,649$13,649
IX-25 Total functional expensesPrograms $59,422 · Management $14,781 · Fundraising $0$74,203
Part X · Balance sheet $998,682 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $17,520$15,331
X-11 Publicly traded securitiesStart of year $959,913$983,351
X-16 Total assetsStart of year $977,433$998,682
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $977,433$998,682
X-32 Total net assets or fund balancesStart of year $977,433$998,682
X-33 Total liabilities and net assetsStart of year $977,433$998,682
Part XI · Reconciliation of net assets $998,682 net assets at year end
XI-1 Total revenue$95,452
XI-2 Total expenses$74,203
XI-3 Revenue less expenses$21,249
XI-4 Net assets at start of year$977,433
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$998,682

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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