Cabbage Patch Settlement House INC EIN 61-0458359

Cabbage Patch Settlement House INC FY2020 filing

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Empowers at-risk children and families to reach their full potential for self-sufficiency. For fiscal year 2020 it reported $2.6M in revenue, $2.5M in expenses, and $25.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Louisville, KY
Website
www.cabbagepatch.org
Filings
6 on file (2020–2020)
Revenue
$2.6MFY2020
Expenses
$2.5M
Net assets
$25.0M
People
38
Filings
6
Updates
0
More identity details & actions ⌄
EIN  61-0458359 Public charity (501(c)(3)) Louisville, KY
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 8/25/26 · see original: IRS
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Size
$1–10M
What they do
Empowers at-risk children and families to reach their full potential for self-sufficiency.
Leadership
Tracy Holladay · Former Executive Director · $139K
Money in and out
$2.6M revenue, $2.5M expenses
Bottom line
76% program efficiency
Where the money goes · FY2020
Total revenue
$2.6M
Pt VIII · Ln 12
Total expenses
$2.5M
Pt IX · Ln 25
Net assets
$25.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $71K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.17 Fundraising $0.07
Program efficiency
76%
of spending reaches programs
Operating runway
64.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$2.6M
FY2020
Expenses
$2.5M
FY2020
Total assets
$25.4M
FY2020
Total liabilities
$436K
FY2020
Total revenue
$2.6M
Pt VIII · Ln 12
Total expenses
$2.5M
Pt IX · Ln 25
Net assets
$25.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$71K
Total assetsPt X · Ln 16$25.4M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 336
Independent voting membersPt I · Ln 436
Mission & Programs · Part III

Where the work happens

3 program services account for $1.9M of program spending, described in the organization's own filed words · FY2019.
01

Recreational/Youth Development Program

This program focuses on school-aged at risk children. After-school and summer activities are designed to help young people make positive choices and avoid the inner-city pitfalls of gangs, violence, drug and alcohol abuse, teen pregnancy and dropping out of school.

$966Kprogram expense
02

Educational Opportunities

Well-qualified teachers, interns and many volunteers work daily with dozens of students. The primary goal of this program is to help students academically achieve their highest potential level. Many of our participants come from homes where education attainment levels are low.

$567Kprogram expense
03

Family Services & Counseling Program

This program offers at-risk families the opportunity to discover long-term solutions to difficult problems. Programs are designed to be pro-active, preventive and educational. Our goals are to guide families toward self-sufficiency and make profound differences in their quality of life.

$389Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCabbage Patch Settlement House INC
EINHdr · item D61-0458359
Principal addressHdr · item CLouisville, KY
WebsiteHdr · item Jwww.cabbagepatch.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P28Z)
Ruling yearIRS BMFDec 1944

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a36
Independent voting membersPt VI · Ln 1b36
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Former Executive Director
$139,001Pt VII · Sec A
Current Executive Director
$41,667Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Corey Miller’s $148K as Executive Director is at the 72nd percentile of top reported officer pay among 3864 $1–10M human services 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.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Corey Miller$148,493$118,691$41,667
Rev Dr Corey Miller$143,327$131,859$125,511
Tracy Holladay$139,001
Jennifer Scott$100,802
Chris Glasser$57,846

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$2.1M · 82%
Investment income$262K · 10%
Other revenue$197K · 8%
Program service revenue$16K · 1%
Contributions & grants82%$2.1M
Investment income10%$262K
Other revenue8%$197K
Program service revenue1%$16K
Total revenueLn 12$2.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.17 Fundraising $0.07
Program services76%$1.9M
Management & general17%$418K
Fundraising7%$173K
Total functional expensesLn 25$2.5M

Balance Sheet

Part X · end of year
CashLn 1$553K
Total assetsLn 16$25.4M
Total liabilitiesLn 26$436K
Total net assetsLn 32$25.0M
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $13.0M · Operating expenses (Pt IX) $2.5M · Less non-cash grants $79K · Cash operating expenses/yr $2.4M
64.3 months
Where the money goes
Program services
Program services $1.9M · Total expenses $2.5M
76%
Management & General
Management & general $418K · Total expenses $2.5M
17%
Fundraising
Fundraising $173K · Total expenses $2.5M
7%
Cost to raise $1
Fundraising expense $173K · Solicited contributions $2.1M
$0.08 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $2.1M · Total revenue $2.6M
82%
Government reliance
Government grants — · Total revenue $2.6M
Earned-income share
Program service revenue $16K · Total revenue $2.6M
0.6%
Investment reliance
Investment income $262K · Total revenue $2.6M
+10%
Program self-sufficiency
Program service revenue $16K · Total expenses $2.5M
0.6%
Growth & trend
Revenue growth (YoY)
This year $2.6M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $25.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.6M · Expenses $2.5M
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $25.4M
Net-asset ratio
Net assets $25.0M · Total assets $25.4M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $12.3M · Other securities (Pt X, ln 12) $153K · Total assets (Pt X, ln 16) $25.4M
49%
People & payroll
Highest Reported Total Compensation
Individual Corey Miller · Reported title CURRENT EXECUTIVE DIRECTOR · Highest reported compensation $42K · Total expenses $2.5M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.6M · Total expenses $2.5M
65%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 17%
Fundraising cost ratio 8%
Investment management fee ratio 0.4%
Accounting fee ratio 0.6%

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.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$217K
Grants paid · 28 grants · $823K · 2019–2024
Unitemized GrantFY2024$113,865
Unitemized GrantFY2024$28,834
Unitemized GrantFY2024$10,418
Unitemized GrantFY2024$4,500
Unitemized GrantFY2024$2,337
Unitemized GrantFY2023$106,484
Unitemized GrantFY2023$11,017
Unitemized GrantFY2023$9,960
Unitemized GrantFY2023$2,515
Unitemized GrantFY2023$850
Unitemized GrantFY2022$135,331
Unitemized GrantFY2022$10,091
Unitemized GrantFY2022$6,025
Unitemized GrantFY2022$2,914
Unitemized GrantFY2021$81,159
Unitemized GrantFY2021$11,308
Unitemized GrantFY2021$5,330
Unitemized GrantFY2021$2,303
See all 28 grants →

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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)$4.3M revenue · ⤓ 990 PDF
FY2024$3.2M revenue · ⤓ 990 PDF
FY2023$2.4M revenue · ⤓ 990 PDF
FY2022$3.9M revenue · ⤓ 990 PDF
FY2021$3.1M revenue · ⤓ 990 PDF
FY2020$2.6M 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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