Canopy Certified INC FY2023 filing

Tax-deductible

Louisville, KY501(c)(3)Since 2018Community DevelopmentEIN 83-0965241Revenue $371K in FY2023

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.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
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
$110K
172% of total assets
Concern: liabilities are 172% of assets; over 80%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$371K
-19% vs prior year
Spent
$409K
To programs
67%
Net assets
−$46K
By yearFY2020–FY2025
Revenue
$371K
FY2023▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2020$382K
FY2021$392K
FY2022$461K
FY2023$371K
FY2024$344K
FY2025$455K
Expenses
$409K
FY2023▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$480K
FY2021$395K
FY2022$499K
FY2023$409K
FY2024$354K
FY2025$308K
Net assets
−$46K
FY2023▲ +34%
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 FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

67 cents of each dollar spent went to programs.

Program services 67% · $272K Management & general 15% · $60K Fundraising 19% · $77K

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

16 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director Emeritus
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$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 · $272K · in their own filed words · FY2023
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.

$144Kprogram 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.

$128Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$371K
Ln 12
Gifts and grantsLn 1h$292K
Fees for servicesLn 2g$61K
Other incomeLn 4–11$19K
Money outPt IX
$409K
Ln 25
Programscol B$272K
Managementcol C$60K
Fundraisingcol D$77K
Owns and owesPt X
−$46K
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$64K
LiabilitiesLn 26$110K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$292K
Government grantsLn 1e$25K
Fundraising eventsLn 1c$10K
Fees for servicesLn 2g$61K
Other incomeLn 4–11$19K
Total revenueLn 12$371K
Assets in detailPt X, end of year
CashLn 1$54K
Cash and savings togetherLn 1–2$54K
Total assetsLn 16$64K
LiabilitiesLn 26$110K
Net assetsLn 32−$46K
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 FY23End FY23
Cash and savingsLn 1–2$36K$54K
Total assetsLn 16$36K$64K
LiabilitiesLn 26$105K$110K
Net assetsLn 32−$70K−$46K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$248K$169K$23K$57K
Other employee benefitsLn 9$11K$6K$1K$4K
Payroll taxesLn 10$47K$31K$4K$11K
Legal feesLn 11b$2K$2K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$19K$14K$882$4K
Office expensesLn 13$2K$2K
Information technologyLn 14$6K$2K$4K
TravelLn 17$567$567
InterestLn 20$6K$6K
Other expenses (24a–d)Ln 24$66K$50K$16K
All other expensesLn 24e$893$893
Total functional expensesLn 25$409K$272K$60K$77K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $455K$308K$147K$101K 990 PDF
FY2024 $344K$354K−$10K−$46K 990 PDF
FY2023 Viewing $371K$409K−$38K−$46K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $371,313 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $414,103$292,183
I-9 Program service revenuePrior year $38,632$60,620
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $8,426$18,510
I-12 Total revenuePrior year $461,161$371,313
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $373,639$306,418
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $124,995$102,842
I-18 Total expensesPrior year $498,634$409,260
I-19 Revenue less expensesPrior year −$37,473−$37,947
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $371,313 across 8 lines filed
VIII-1c Fundraising events$9,660
VIII-1e Government grants$25,000
VIII-1f All other contributions, gifts and grants$257,523
VIII-1h Total contributions, gifts and grants$292,183
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $60,620$60,620
VIII-8 Net income from fundraising eventsExcluded from tax −$1,490−$1,490
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $20,000$20,000
VIII-12 Total revenueRelated to mission $80,620 · Unrelated business $0 · Excluded from tax −$1,490$371,313
Part IX · Statement of functional expenses $409,260 across 12 lines filed
IX-7 Other salaries and wagesPrograms $168,921 · Management $22,800 · Fundraising $56,687$248,408
IX-9 Other employee benefitsPrograms $6,114 · Management $1,009 · Fundraising $3,720$10,843
IX-10 Payroll taxesPrograms $31,327 · Management $4,390 · Fundraising $11,450$47,167
IX-11b Legal feesManagement $2,004$2,004
IX-11g Other fees for servicesManagement $1,651$1,651
IX-12 Advertising and promotionPrograms $13,853 · Management $882 · Fundraising $4,056$18,791
IX-13 Office expensesManagement $2,010$2,010
IX-14 Information technologyPrograms $1,987 · Management $3,663$5,650
IX-17 TravelPrograms $567$567
IX-20 InterestManagement $5,564$5,564
IX-24 Other expenses (24a–d)Programs $49,664 · Management $16,048$65,712
IX-24e All other expensesFundraising $893$893
IX-25 Total functional expensesPrograms $272,433 · Management $60,021 · Fundraising $76,806$409,260
Part X · Balance sheet $63,865 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $35,802$53,865
X-4 Accounts receivableStart of year $0$10,000
X-16 Total assetsStart of year $35,802$63,865
X-17 Accounts payable and accrued expensesStart of year $5,383$9,594
X-24 Unsecured notes and loans payableStart of year $100,000$100,000
X-26 Total liabilitiesStart of year $105,383$109,594
X-27 Net assets without donor restrictionsStart of year −$69,581−$45,729
X-32 Total net assets or fund balancesStart of year −$69,581−$45,729
X-33 Total liabilities and net assetsStart of year $35,802$63,865
Part XI · Reconciliation of net assets −$45,729 net assets at year end
XI-1 Total revenue$371,313
XI-2 Total expenses$409,260
XI-3 Revenue less expenses−$37,947
XI-4 Net assets at start of year−$69,581
XI-8 Prior period adjustments$61,799
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$45,729

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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