Duncan Tavern Trust FY2024 filing

Tax-deductible

Louisville, KY501(c)(3)Since 1966EIN 61-6039934Revenue $43K in FY2024

On file with the IRSPo Box 34290, 40232-4290 · Louisville, KYTax-exempt since Oct 1966Publicly supported — 509(a)(2)

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This is a permanent Trust to receive, handle, and invest funds contributed to, or for, the benefit of Duncan Tavern historic center, a national historical site. The Trust document stipulates how much income is to be distributed to the historical site.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$2K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
4 of 6
filings with a surplus
Average surplus $37K a year · 67% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$43K
+177% vs prior year
Spent
$19K
To programs
86%
Net assets
$596K
By yearFY2020–FY2025
Revenue
$43K
FY2024▲ +177%
Tap a bar for its year
Revenue by fiscal year
FY2020$12K
FY2021$20K
FY2022$23K
FY2023$15K
FY2024$43K
FY2025$218K
Expenses
$19K
FY2024▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$17K
FY2021$16K
FY2022$12K
FY2023$23K
FY2024$19K
FY2025$22K
Net assets
$596K
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$644K
FY2021$570K
FY2022$581K
FY2023$573K
FY2024$596K
FY2025$791K

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 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 Oct 1966.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $17K Management & general 14% · $3K

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

1 person listed on the 990; $2K paid to officers and key staff.

Part VII, Section A · reportable compensation
$1,794Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Stock Yards Bank & Trust$1,794$1,340$782$70
Kentucky Bank Trust Department———$698

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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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

Manages and invests funds for the benefit of a national historic site.

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Provided by the organization

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1 program · $17K · in their own filed words · FY2024
01

The trust was able to provide over $16,000 for the benefit of duncan tavern historic center, located on high street in paris, ky. Duncan tavern is a national historic site. The board of directors of duncan tavern determines how the funds will be used.

$17Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $37K · 2023–2024
Duncan Tavern Historic CenterKY · FY2024$16,612
Duncan Tavern Historic CenterKY · FY2023$20,598

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$43K
Ln 12
Investment incomeLn 3$39K
Gifts and grantsLn 1h$4K
Money outPt IX
$19K
Ln 25
Programscol B$17K
Managementcol C$3K
Owns and owesPt X
$596K
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$596K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Investment incomeLn 3$39K
Gains on assetsLn 7$18K
Total revenueLn 12$43K
Assets in detailPt X, end of year
SavingsLn 2$28K
Cash and savings togetherLn 1–2$28K
InvestmentsLn 11–13$569K
Total assetsLn 16$596K
LiabilitiesLn 26$0
Net assetsLn 32$596K
OperationsPt I, VI
EmployeesI 50
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$4K$28K
InvestmentsLn 11–13$545K$569K
Total assetsLn 16$573K$596K
LiabilitiesLn 26$0$0
Net assetsLn 32$573K$596K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$17K$17K
Pay of current officers, directors and key staffLn 5$2K$2K
Accounting feesLn 11c$900$900
Other expenses (24a–d)Ln 24$102$102
Total functional expensesLn 25$19K$17K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $218K$22K$196K$791K 990 PDF
FY2024 Viewing $43K$19K$23K$596K 990 PDF
FY2023 $15K$23K−$7K$573K 990 PDF
FY2022 $23K$12K$11K$581K 990 PDF
FY2021 $20K$16K$4K$570K 990 PDF
FY2020 $12K$17K−$5K$644K 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 $42,811 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,432$4,308
I-9 Program service revenue$0
I-10 Investment incomePrior year $11,010$38,503
I-11 Other revenue$0
I-12 Total revenuePrior year $15,442$42,811
I-13 Grants and similar amounts paidPrior year $20,598$16,612
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,340$1,794
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,003$1,002
I-18 Total expensesPrior year $22,941$19,408
I-19 Revenue less expensesPrior year −$7,499$23,403
Part VI · Governance 0 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
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 $42,811 across 5 lines filed
VIII-1f All other contributions, gifts and grants$4,308
VIII-1h Total contributions, gifts and grants$4,308
VIII-3 Investment incomeExcluded from tax $20,390$20,390
VIII-7 Net gain or loss on sales of assetsExcluded from tax $18,113$18,113
VIII-12 Total revenueExcluded from tax $38,503$42,811
Part IX · Statement of functional expenses $19,408 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $16,612$16,612
IX-5 Pay of current officers, directors and key staffManagement $1,794$1,794
IX-11c Accounting feesManagement $900$900
IX-24 Other expenses (24a–d)Management $102$102
IX-25 Total functional expensesPrograms $16,612 · Management $2,796 · Fundraising $0$19,408
Part X · Balance sheet $596,306 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $4,407$27,503
X-11 Publicly traded securitiesStart of year $545,020$568,803
X-16 Total assetsStart of year $573,339$596,306
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $573,339$596,306
X-33 Total liabilities and net assetsStart of year $573,339$596,306
Part XI · Reconciliation of net assets $596,306 net assets at year end
XI-1 Total revenue$42,811
XI-2 Total expenses$19,408
XI-3 Revenue less expenses$23,403
XI-4 Net assets at start of year$573,339
XI-9 Other changes in net assets−$436
XI-10 Net assets at end of year$596,306

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

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