Beargrass Conservancy INC EIN 83-2399430

Beargrass Conservancy INC FY2023 filing

EIN  83-2399430 Public charity (501(c)(3)) Louisville, KY
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Verified accurate 9/14/26 · see original filing: IRS
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Size
$1–10M
What they do
Promotes safety, trust, and civility to foster dialogue and community well-being.
Leadership
C Edward Glasscock · Director
Money in and out
$581K revenue, $834K expenses
Bottom line
78% program efficiency

Promotes safety, trust, and civility to foster dialogue and community well-being. For fiscal year 2023 it reported $581K in revenue, $834K in expenses, and $49K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$581K
Pt VIII · Ln 12
Total expenses
$834K
Pt IX · Ln 25
Net assets
$49K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$254K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.22
Program efficiency
78%
of spending reaches programs
Operating runway
1.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-44%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$581K
FY2023▼ -13%
Expenses
$834K
FY2023▲ +94%
Total assets
$529K
FY2023▲ +14%
Total liabilities
$480K
FY2023▲ +97%
Total revenue
$581K
Pt VIII · Ln 12
Total expenses
$834K
Pt IX · Ln 25
Net assets
$49K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$254K
Total assetsPt X · Ln 16$529K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

2 program services account for $654K of program spending, described in the organization's own filed words · FY2022.
01

The goal of the salon is to provide security, maintenance and host art centric performances for the betterment of the neighborhood.

$653Kprogram expense
02

Funding to support student financial aid and scholarships, thus enabling those students who are both capable AND/OR have financial need to receive a college education. These include merit scholarships awarded to students in the eastern kentucky university honors program, as well as scholarships for students who have demonstrated…

$250program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBeargrass Conservancy INC
EINHdr · item D83-2399430
Principal addressHdr · item CLouisville, KY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFFeb 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$372K · 64%
Program service revenue$208K · 36%
Contributions & grants64%$372K
Program service revenue36%$208K
— government grantsLn 1e$100K
Total revenueLn 12$581K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.22
Program services78%$654K
Management & general22%$181K
Total functional expensesLn 25$834K

Balance Sheet

Part X · end of year
CashLn 1$91K
Total assetsLn 16$529K
Total liabilitiesLn 26$480K
Total net assetsLn 32$49K
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $91K · Operating expenses/yr $834K
1.3 months
Where the money goes
Program services
Program services $654K · Total expenses $834K
78%
Management & General
Management & general $181K · Total expenses $834K
22%
Fundraising
Fundraising $0 · Total expenses $834K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $304K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $372K · Total revenue $581K
64%
Government reliance
Government grants $100K · Total revenue $581K
17%
Earned-income share
Program service revenue $208K · Total revenue $581K
36%
Investment reliance
Investment income $0 · Total revenue $581K
0%
Program self-sufficiency
Program service revenue $208K · Total expenses $834K
25%
Growth & trend
Revenue growth (YoY)
This year $581K · Prior year $664K
-13%
Net-asset trend (YoY)
End of year $49K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $581K · Expenses $834K
-44%
Liabilities-to-Assets
Total liabilities — · Total assets $529K
Net-asset ratio
Net assets $49K · Total assets $529K
9%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $529K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual C Edward Glasscock · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $834K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $138K · Total expenses $834K
17%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 22%
Fundraising cost ratio 0%
Revenue growth -13%
Legal fee ratio 0%
Accounting fee ratio 0%

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 · FY2024
Grants paid · 1 grant · $10K · 2021–2021

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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)$1.7M revenue · ⤓ 990 PDF
FY2024$1.1M revenue · ⤓ 990 PDF
FY2023$581K revenue · viewing · ⤓ 990 PDF
FY2022$664K revenue · ⤓ 990 PDF
FY2021$168K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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