The Keep Foundation INC FY2022 filing

Tax-deductible

Lexington, KY501(c)(3)Since 2011EducationEIN 45-3121642Revenue $239K in FY2022

On file with the IRS2560 Richmond Rd Ste 200, 40509-1544 · Lexington, KYTax-exempt since Jun 2014Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

Educating the public about the importance of the horse industry to kentucky and providing non-profit equine organizations with funding for horse shows.

501(c)(3) charity; gifts are tax-deductible.
22¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $20K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
22%
of spending
Concern: 22% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $75K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$239K
+9% vs prior year
Spent
$252K
To programs
22%
Net assets
$55K
By yearFY2020–FY2025
Revenue
$239K
FY2022▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$122K
FY2021$219K
FY2022$239K
FY2023$162K
FY2024$255K
FY2025$286K
Expenses
$252K
FY2022▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$197K
FY2022$252K
FY2023$173K
FY2024$206K
FY2025$234K
Net assets
$55K
FY2022▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020$46K
FY2021$68K
FY2022$55K
FY2023$43K
FY2024$93K
FY2025$145K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2014.

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

Where the money goes

22 cents of each dollar spent went to programs.

Program services 22% · $55K Management & general 78% · $197K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Elisabeth Jensen’s $45K as Director is at the 35th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See The Keep Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Educates about the horse industry's importance and funds equine organizations' horse shows.

Provided by the organization

Know this organization? Claim it to add your story

2 programs · $55K · in their own filed words · FY2022
01

Through the keep grassroots funding program non-profit, kentucky-affiliated horse clubs and organization qualify for grant money for horse shows to purchase items such as class sponsorship and ribbons and trophies.

$47Kprogram expense
02

To achieve its mission, the foundation is spreading the word to each of the 120 counties in kentucky by providing education units, speeches, presentations and by participating in equine events throughout the state.

$7Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$75K
Grants paid · 1 grant · $32K · 2022–2022
The Race for Education INCKY · FY2022$32,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$239K
Ln 12
Gifts and grantsLn 1h$167K
Other incomeLn 4–11$73K
Money outPt IX
$252K
Ln 25
Programscol B$55K
Managementcol C$197K
Owns and owesPt X
$55K
net assets · Ln 32
Cash and savingsLn 1–2$57K
Total assetsLn 16$57K
LiabilitiesLn 26$2K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$167K
Other incomeLn 4–11$73K
Total revenueLn 12$239K
Assets in detailPt X, end of year
CashLn 1$57K
Cash and savings togetherLn 1–2$57K
Total assetsLn 16$57K
LiabilitiesLn 26$2K
Net assetsLn 32$55K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$76K$57K
Total assetsLn 16$76K$57K
LiabilitiesLn 26$8K$2K
Net assetsLn 32$68K$55K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$32K$32K
Other salaries and wagesLn 7$153K$153K
Other employee benefitsLn 9$19K$19K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$17K$3K$14K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$440$440
OccupancyLn 16$6K$6K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$200$200
Other expenses (24a–d)Ln 24$16K$15K$150
Total functional expensesLn 25$252K$55K$197K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $286K$234K$52K$145K 990 PDF
FY2024 $255K$206K$49K$93K 990 PDF
FY2023 $162K$173K−$11K$43K 990 PDF
FY2022 Viewing $239K$252K−$13K$55K 990 PDF
FY2021 $219K$197K$22K$68K 990 PDF
FY2020 $122K$46K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2022 990 (6 parts)
Part I · Summary $239,233 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $177,255$166,512
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $41,820$72,721
I-12 Total revenuePrior year $219,075$239,233
I-13 Grants and similar amounts paidPrior year $1,000$32,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $111,172$171,816
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $84,624$48,550
I-18 Total expensesPrior year $196,796$252,366
I-19 Revenue less expensesPrior year $22,279−$13,133
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $239,233 across 5 lines filed
VIII-1d Related organizations$60,000
VIII-1f All other contributions, gifts and grants$106,512
VIII-1h Total contributions, gifts and grants$166,512
VIII-8 Net income from fundraising eventsExcluded from tax $72,721$72,721
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $72,721$239,233
Part IX · Statement of functional expenses $252,366 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $32,000$32,000
IX-7 Other salaries and wagesManagement $153,271$153,271
IX-9 Other employee benefitsManagement $18,545$18,545
IX-11c Accounting feesManagement $1,138$1,138
IX-11g Other fees for servicesPrograms $3,000 · Management $13,769$16,769
IX-12 Advertising and promotionManagement $3,513$3,513
IX-13 Office expensesManagement $440$440
IX-16 OccupancyManagement $6,462$6,462
IX-17 TravelPrograms $4,466$4,466
IX-19 Conferences, conventions and meetingsManagement $200$200
IX-24 Other expenses (24a–d)Programs $15,412 · Management $150$15,562
IX-25 Total functional expensesPrograms $54,878 · Management $197,488 · Fundraising $0$252,366
Part X · Balance sheet $56,957 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $76,043$56,957
X-16 Total assetsStart of year $76,043$56,957
X-25 Other liabilitiesStart of year $8,249$2,296
X-26 Total liabilitiesStart of year $8,249$2,296
X-32 Total net assets or fund balancesStart of year $67,794$54,661
X-33 Total liabilities and net assetsStart of year $76,043$56,957
Part XI · Reconciliation of net assets $54,661 net assets at year end
XI-1 Total revenue$239,233
XI-2 Total expenses$252,366
XI-3 Revenue less expenses−$13,133
XI-4 Net assets at start of year$67,794
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$54,661

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.