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Whitaker Foundation INC EIN 30-0262001 Form 990 (PDF) Claim this org

Whitaker Foundation INC FY2020 filing

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A private foundation based in Lexington, KY. It reported about $556K in revenue for 2020. For fiscal year 2020 it reported $556K in revenue, $986K in expenses, and $19.5M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Lexington, KY
Filings
6 on file (2020–2020)
Revenue
$556KFY2020
Expenses
$986K
Net assets
$19.5M
People
0
Filings
6
Updates
0
More identity details & actions ⌄
EIN  30-0262001 Private foundation / grantmaker Lexington, KY
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
A private foundation based in Lexington, KY. It reported about $556K in revenue for 2020.
Money in and out
$556K revenue, $986K expenses
Bottom line
—
Grants paid & assets · FY2020
Total revenue
$556K
Pt VIII · Ln 12
Total expenses
$986K
Pt IX · Ln 25
Net assets
$19.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$429K
Total assets
19.5M
deployed as grants and operations
Grants paid
924K
in FY2020
Grants made
29grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 29 grants · $971K · 2025–2025
Lexington Rescue Mission INCKY · FY2025$205,000
Leadership Kentucky Foundation INCKY · FY2025$200,000
Alice Lloyd CollegeKY · FY2025$115,000
Morehead State UniversityFY2025$90,000
Housing Development Alliance INCKY · FY2025$70,000
Stamping Ground Church of GodFY2025$65,000
New BeginningsFY2025$25,000
Dv8 Kitchen Vocational Training Foundation INCFY2025$25,000
Maple St Church of GodFY2025$20,000
Berea Baptist ChurchFY2025$15,000
University of the Cumberlands INCKY · FY2025$10,000
Sleep in Heavenly Peace INCID · FY2025$10,000
New Opportunity School for Women INCKY · FY2025$10,000
Galilean Children's HomeFY2025$10,000
Elkhorn City First Church of GodFY2025$10,000
Christian Student FellowshipFY2025$10,000
Believing in Forever INCKY · FY2025$10,000
Appalachian Arts Alliance INCKY · FY2025$10,000
See all 29 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV13
Average grantPart XV$33K
Median grantPart XV$10K
Largest grantPart XV$205K
Top cause focusNTEEHuman Services (14%)

Summary of the Filing

Part I · fiscal year 2020 · Form 990-PF
Revenue
$556K
FY2020
Expenses
$986K
FY2020
Total assets
$19.5M
FY2020
Total liabilities
$0
FY2020
Total revenue
$556K
Pt VIII · Ln 12
Total expenses
$986K
Pt IX · Ln 25
Net assets
$19.5M
Pt X · Ln 32
Total assetsPt II$19.5M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWhitaker Foundation INC
EINHdr · item D30-0262001
Principal addressHdr · item CLexington, KY
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFSep 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Whitaker Foundation INC executive salaries →

Statement of Revenue

Part VIII
Investment income100%$556K
Total revenueLn 12$556K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.94 Operating & administrative $0.06
Grants & contributions paid94%$924K
Operating & administrative6%$62K
Total functional expensesLn 25$986K

Balance Sheet

Part X · end of year
CashLn 1$814K
Total assetsLn 16$19.5M
Total liabilitiesLn 26$0
Total net assetsLn 32$19.5M
Months of cash on handcomputed9.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $19.5M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $556K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $556K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $556K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $19.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $556K · Expenses $986K
-77%
Liabilities-to-Assets
Total liabilities — · Total assets $19.5M
—
Net-asset ratio
Net assets $19.5M · Total assets $19.5M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $986K
No individual compensation reported on this filing
Personnel share
not reported

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown. Peer cohort: .

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$854K revenue · ⤓ 990 PDF
FY2024$2.0M revenue · ⤓ 990 PDF
FY2023$807K revenue · ⤓ 990 PDF
FY2022$811K revenue · ⤓ 990 PDF
FY2021$1.0M revenue · ⤓ 990 PDF
FY2020$556K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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