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The Hortense B Perry Foundation

Tax-deductible

Louisville, KY501(c)(3)Foundations & Grantmakers EIN 61-1251540Revenue $242K in FY2024

On file with the IRShortensebperry.com3107 S Crums Ln, 40216-4416 · Louisville, KYTax-exempt since Jan 1994Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Hortense B. Perry Foundation, INC. Is committed to providing resources and services within the community with a focus on education, health, leadership development, economic empowerment, and the visual and performing arts. Our top priorities are:education, health, and economic empowerment.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 100 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
3 of 5
filings with a surplus
Average surplus $37K a year · 18% 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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$934K
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$242K
+15% vs prior year
Spent
$282K
To programs
85%
Net assets
$422K
By yearFY2020–FY2024
Revenue
$242K
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$48K
FY2021$201K
FY2022$319K
FY2023$210K
FY2024$242K
Expenses
$282K
FY2024▲ +50%
Tap a bar for its year
Expenses by fiscal year
FY2020$54K
FY2021$102K
FY2022$209K
FY2023$188K
FY2024$282K
Net assets
$422K
FY2024▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$331K
FY2022$440K
FY2023$462K
FY2024$422K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1994.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $240K Management & general 14% · $38K Fundraising 1% · $4K

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

23 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Mary Stoddard
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Carla Curry
Immediate Past President
$0Pt VII · Sec A
Elizabeth Dixon
Assistant Treasurer
$0Pt VII · Sec A
Gloria Farris
Board Member
$0Pt VII · Sec A
Lynetta Crawford
Board Member
$0Pt VII · Sec A
See The Hortense B Perry Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides community resources and services in education, health, leadership, economic empowerment, and arts.

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Provided by the organization

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1 program · $240K · in their own filed words · FY2024
01

The HBP foundation presents scholarships to area high seniors each year. In 2023, we presented 18 scholarships for a total of $45,750 to area seniors. Scholarships in 2024 totaled more than $53,000.ANOTHER major program of the foundation is the salute to women entrepreneurs and emergent leaders.

$240Kprogram 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
Hortense B Perry TrustFY2025$8K
Total grants receivedfrom 1 funder$8K
Grants paid · 5 grants · $219K · 2020–2024
Unitemized GrantFY2024$50,800
Unitemized GrantFY2023$45,750
Unitemized GrantFY2022$41,500
Unitemized GrantFY2021$38,000
High School GraduatesFY2020$43,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$242K
Ln 12
Gifts and grantsLn 1h$163K
Fees for servicesLn 2g$85K
Investment incomeLn 3$8K
Money outPt IX
$282K
Ln 25
Programscol B$240K
Managementcol C$38K
Fundraisingcol D$4K
Owns and owesPt X
$422K
net assets · Ln 32
Cash and savingsLn 1–2$132K
Total assetsLn 16$1.4M
LiabilitiesLn 26$934K
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$163K
Noncash giftsLn 1g$8K
Fundraising eventsLn 1c$82K
Fees for servicesLn 2g$85K
Investment incomeLn 3$8K
Total revenueLn 12$242K
Assets in detailPt X, end of year
CashLn 1$132K
Cash and savings togetherLn 1–2$132K
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$6K
Total assetsLn 16$1.4M
LiabilitiesLn 26$934K
Net assetsLn 32$422K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
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 FY24End FY24
Cash and savingsLn 1–2$143K$132K
Land, buildings, equipmentLn 10c$1.6M$1.2M
Total assetsLn 16$1.8M$1.4M
LiabilitiesLn 26$1.3M$934K
Net assetsLn 32$462K$422K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$51K$51K
Accounting feesLn 11c$18K$18K
Professional fundraising feesLn 11e$4K$4K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$11K$5K$6K
OccupancyLn 16$89K$89K
InterestLn 20$58K$58K
Depreciation, depletion and amortizationLn 22$32K$32K
Other expenses (24a–d)Ln 24$8K$6K$2K
Total functional expensesLn 25$282K$240K$38K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $242K$282K−$41K$422K 990 PDF
FY2023 $210K$188K$22K$462K 990 PDF
FY2022 $319K$209K$110K$440K 990 PDF
FY2021 $201K$102K$99K$331K 990 PDF
FY2020 $48K$54K−$5K$0 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $241,617 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $170,340$162,536
I-9 Program service revenuePrior year $21,012$85,363
I-10 Investment incomePrior year $40,205$8,089
I-11 Other revenuePrior year −$21,589−$14,371
I-12 Total revenuePrior year $209,968$241,617
I-13 Grants and similar amounts paidPrior year $64,180$50,800
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$3,698
I-17 Other expensesPrior year $123,789$227,741
I-18 Total expensesPrior year $187,969$282,239
I-19 Revenue less expensesPrior year $21,999−$40,622
Part VI · Governance 23 of 23 board members independent, 5 to look at
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $241,617 across 11 lines filed
VIII-1b Membership dues$14,091
VIII-1c Fundraising events$82,124
VIII-1f All other contributions, gifts and grants$66,321
VIII-1g Noncash contributions (included above)$8,321
VIII-1h Total contributions, gifts and grants$162,536
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $85,363$85,363
VIII-3 Investment incomeExcluded from tax $8,089$8,089
VIII-6 Net rental income or lossRelated to mission $17,168$17,168
VIII-8 Net income from fundraising eventsExcluded from tax −$40,902−$40,902
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,363$9,363
VIII-12 Total revenueRelated to mission $111,894 · Unrelated business $0 · Excluded from tax −$32,813$241,617
Part IX · Statement of functional expenses $282,239 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $50,800$50,800
IX-11c Accounting feesManagement $17,500$17,500
IX-11e Professional fundraising feesFundraising $3,698$3,698
IX-11g Other fees for servicesManagement $1,800$1,800
IX-12 Advertising and promotionManagement $11,051$11,051
IX-13 Office expensesPrograms $4,626 · Management $6,034$10,660
IX-16 OccupancyPrograms $88,683$88,683
IX-20 InterestPrograms $57,946$57,946
IX-22 Depreciation, depletion and amortizationPrograms $31,702$31,702
IX-24 Other expenses (24a–d)Programs $6,302 · Management $2,097$8,399
IX-25 Total functional expensesPrograms $240,059 · Management $38,482 · Fundraising $3,698$282,239
Part X · Balance sheet $1,356,084 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $143,488$132,395
X-10c Land, buildings and equipment, netStart of year $1,598,861$1,217,605
X-15 Other assetsStart of year $15,060$6,084
X-16 Total assetsStart of year $1,757,409$1,356,084
X-26 Total liabilitiesStart of year $1,295,060$934,357
X-27 Net assets without donor restrictionsStart of year $462,349$421,727
X-32 Total net assets or fund balancesStart of year $462,349$421,727
X-33 Total liabilities and net assetsStart of year $1,757,409$1,356,084
Part XI · Reconciliation of net assets $421,727 net assets at year end
XI-1 Total revenue$241,617
XI-2 Total expenses$282,239
XI-3 Revenue less expenses−$40,622
XI-4 Net assets at start of year$462,349
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$421,727

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

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