Canopy Certified INC FY2022 filing

Tax-deductible

Louisville, KY501(c)(3)Since 2018Community DevelopmentEIN 83-0965241Revenue $461K in FY2022

On file with the IRScanopyky.org1500 Lytle St, 40203-1072 · Louisville, KYTax-exempt since Jul 2019Publicly supported — 509(a)(2)

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Making kentucky first in good business. Growing kentucky businesses to positively impact people, our planet, and our future.

501(c)(3) charity; gifts are tax-deductible.
38¢ 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
1 of 6
filings with a surplus
Average deficit $6K a year · 2% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
38%
of spending
Concern: 38% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $87K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$105K
294% of total assets
Concern: liabilities are 294% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$461K
+18% vs prior year
Spent
$499K
To programs
38%
Net assets
−$70K
By yearFY2020–FY2025
Revenue
$461K
FY2022▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$382K
FY2021$392K
FY2022$461K
FY2023$371K
FY2024$344K
FY2025$455K
Expenses
$499K
FY2022▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$480K
FY2021$395K
FY2022$499K
FY2023$409K
FY2024$354K
FY2025$308K
Net assets
−$70K
FY2022▼ -117%
Tap a bar for its year
Net assets by fiscal year
FY2020−$60K
FY2021−$32K
FY2022−$70K
FY2023−$46K
FY2024−$46K
FY2025$101K

From the FY2022 Form 990 · see the original

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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 Jul 2019.

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

Where the money goes

38 cents of each dollar spent went to programs.

Program services 38% · $191K Management & general 38% · $188K Fundraising 24% · $120K

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

18 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Founder/CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
See Canopy Certified INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promoting Kentucky as a top state for successful businesses.

Questions for Canopy Certified INC

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Provided by the organization

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2 programs · $191K · in their own filed words · FY2022
01

The canopy certified program provides a way for businesses to distinguish themselves in the marketplace. The certification guides kentucky businesses towards achieving measurable social and environmental good, operating with the highest ethical standards, and taking care of all stakeholders along the way.

$140Kprogram expense
02

Canopy produces live events, podcasts and videos, and workshops to educate business owners, employees and consumers about responsibile business practices. The approach is intented to generate awareness around the good business movement and cross-pollinate ideas between the non-profit, government, and for-profit communities.

$51Kprogram 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 · FY2024
See all 7 funders →
Grants paid · 1 grant · $44K · 2021–2021

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$461K
Ln 12
Gifts and grantsLn 1h$414K
Fees for servicesLn 2g$39K
Other incomeLn 4–11$8K
Money outPt IX
$499K
Ln 25
Programscol B$191K
Managementcol C$188K
Fundraisingcol D$120K
Owns and owesPt X
−$70K
net assets · Ln 32
Cash and savingsLn 1–2$36K
Total assetsLn 16$36K
LiabilitiesLn 26$105K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$414K
Government grantsLn 1e$21K
Fees for servicesLn 2g$39K
Other incomeLn 4–11$8K
Total revenueLn 12$461K
Assets in detailPt X, end of year
CashLn 1$36K
Cash and savings togetherLn 1–2$36K
Total assetsLn 16$36K
LiabilitiesLn 26$105K
Net assetsLn 32−$70K
OperationsPt I, VI
EmployeesI 55
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$55K$36K
Total assetsLn 16$73K$36K
LiabilitiesLn 26$105K$105K
Net assetsLn 32−$32K−$70K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$295K$66K$141K$89K
Other employee benefitsLn 9$6K$1K$3K$2K
Payroll taxesLn 10$72K$17K$33K$22K
Legal feesLn 11b$2K$2K
Advertising and promotionLn 12$10K$3K$546$7K
Office expensesLn 13$1K$1K
Information technologyLn 14$84K$81K$2K
TravelLn 17$324$324
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$26K$22K$3K$1K
Total functional expensesLn 25$499K$191K$188K$120K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $455K$308K$147K$101K 990 PDF
FY2024 $344K$354K−$10K−$46K 990 PDF
FY2023 $371K$409K−$38K−$46K 990 PDF
FY2022 Viewing $461K$499K−$37K−$70K 990 PDF
FY2021 $392K$395K−$3K−$32K 990 PDF
FY2020 $382K$480K−$97K−$60K 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 FY2022 990 (6 parts)
Part I · Summary $461,161 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $383,656$414,103
I-9 Program service revenuePrior year $5,203$38,632
I-10 Investment incomePrior year $3$0
I-11 Other revenuePrior year $3,341$8,426
I-12 Total revenuePrior year $392,203$461,161
I-13 Grants and similar amounts paidPrior year $44,400$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $241,751$373,639
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $109,273$124,995
I-18 Total expensesPrior year $395,424$498,634
I-19 Revenue less expensesPrior year −$3,221−$37,473
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $461,161 across 6 lines filed
VIII-1e Government grants$20,721
VIII-1f All other contributions, gifts and grants$393,382
VIII-1h Total contributions, gifts and grants$414,103
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $38,632$38,632
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,426$8,426
VIII-12 Total revenueRelated to mission $47,058 · Unrelated business $0 · Excluded from tax $0$461,161
Part IX · Statement of functional expenses $498,634 across 10 lines filed
IX-7 Other salaries and wagesPrograms $65,644 · Management $141,236 · Fundraising $88,594$295,474
IX-9 Other employee benefitsPrograms $1,423 · Management $2,749 · Fundraising $1,772$5,944
IX-10 Payroll taxesPrograms $17,290 · Management $33,398 · Fundraising $21,533$72,221
IX-11b Legal feesManagement $1,789$1,789
IX-12 Advertising and promotionPrograms $2,853 · Management $546 · Fundraising $6,663$10,062
IX-13 Office expensesManagement $1,078$1,078
IX-14 Information technologyPrograms $81,483 · Management $2,343$83,826
IX-17 TravelPrograms $324$324
IX-23 InsuranceManagement $1,807$1,807
IX-24 Other expenses (24a–d)Programs $21,563 · Management $3,427 · Fundraising $1,119$26,109
IX-25 Total functional expensesPrograms $190,580 · Management $188,373 · Fundraising $119,681$498,634
Part X · Balance sheet $35,802 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $55,484$35,802
X-16 Total assetsStart of year $73,166$35,802
X-17 Accounts payable and accrued expensesStart of year $5,274$5,383
X-24 Unsecured notes and loans payableStart of year $100,000$100,000
X-26 Total liabilitiesStart of year $105,274$105,383
X-27 Net assets without donor restrictionsStart of year −$32,108−$69,581
X-32 Total net assets or fund balancesStart of year −$32,108−$69,581
X-33 Total liabilities and net assetsStart of year $73,166$35,802
Part XI · Reconciliation of net assets −$69,581 net assets at year end
XI-1 Total revenue$461,161
XI-2 Total expenses$498,634
XI-3 Revenue less expenses−$37,473
XI-4 Net assets at start of year−$32,108
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$69,581

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

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