Overview
What is The Kentucky Bar Foundation Inc?
The Kentucky Bar Foundation Inc, situated in Frankfort, Kentucky, serves as a crucial philanthropic entity. Its primary mission is to foster public comprehension of the judicial system and the legal profession. They achieve this by engaging in programs and strategic partnerships that cater to individuals in need. Financially, they support legal service initiatives across Kentucky, contributing significantly to these vital initiatives. The organization's purpose is also to promote the administration of justice and educate the public about the critical role of the judicial system and the legal profession in society.
Official website here: www.kybarfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Kentucky Bar Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This rating signifies that the organization is effectively managing its resources, ensuring transparency and responsible financial practices. With an overall score calculated entirely from its accountability and finance metrics, the foundation has established itself as a leader in these areas.
Strengths highlighted in the data include a fully independent board, with all eight members being independent, which enhances governance and decision-making. The organization also scores exceptionally well in financial oversight, evidenced by its robust audit and oversight committee. Furthermore, it maintains a high program expense ratio of 88.33%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs.
While the data does not explicitly indicate any limitations, the foundation's focus on accountability and finance, rather than programmatic impact or community feedback, suggests that potential donors might want to seek additional information about its specific programs and their effectiveness. Overall, the Kentucky Bar Foundation Inc stands out for its financial integrity and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Kentucky Bar Foundation Inc legitimate?
The Kentucky Bar Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Kentucky Bar Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $111,488
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,184
For more financial information, click here
Official website here: www.kybarfoundation.org
What is the mission statement of The Kentucky Bar Foundation Inc?
The Kentucky Bar Foundation's mission is centered around promoting justice and educating the public about the judicial system and the legal profession's role in society. Through various programs and philanthropic partnerships, the foundation aims to enhance the public's understanding of these vital institutions. Furthermore, the foundation provides financial aid to legal service programs in Kentucky, demonstrating its commitment to assisting those in need.
Official website here: www.kybarfoundation.org
Who is the CEO of The Kentucky Bar Foundation Inc?
Guion L Johnstone is the Executive Dir. of The Kentucky Bar Foundation Inc.
Official website here: www.kybarfoundation.org
What is the revenue of The Kentucky Bar Foundation Inc?
The Kentucky Bar Foundation Inc's revenue in 2022 was $1,475,124.
Official website here: www.kybarfoundation.org
Who are the executives of The Kentucky Bar Foundation Inc and what are their salaries?
There 40 volunteers at The Kentucky Bar Foundation Inc.
Here are 44 key members and their salaries:
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Official website here: www.kybarfoundation.org
Where can I find the form 990 for The Kentucky Bar Foundation Inc?
The Kentucky Bar Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kybarfoundation.org
Learn more at the official website: www.kybarfoundation.org
Mission Statement of The Kentucky Bar Foundation Inc
The Kentucky Bar Foundation, a notable organization, is committed to advancing public comprehension of the judicial system and the legal profession. It achieves this mission through various programs and strategic philanthropic collaborations, primarily by offering financial aid to legal service initiatives within the state of Kentucky. The primary objective of this nonprofit is to foster the administration of justice and enlighten the public about the significance of the judicial system and the legal profession in society.
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Impact
October, 2024
The Kentucky Bar Foundation Inc plays a significant role in enhancing public understanding of the judicial system and the legal profession. Through targeted programs and philanthropic partnerships, it provides essential financial support for legal service initiatives across Kentucky. This support is crucial for helping individuals and communities in need, ensuring they have access to legal resources and education.
By promoting the administration of justice, the Foundation actively engages the public in discussions about the judicial system's role and its importance in society. Its commitment to legal education fosters an informed citizenry, empowering people with the knowledge necessary to navigate legal challenges. In doing so, The Kentucky Bar Foundation Inc not only improves access to justice but also cultivates a greater appreciation for the legal profession's contributions to a fair and just society.
This information is meant to be a general summary of The Kentucky Bar Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $373,791
- Gross Receipts: $1,480,226
Assets and Liabilities:
- Total Assets: $8,361,690
- Total Liabilities: $491,998
- Net Assets: $7,869,692
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Organization Details
Founding Year
1958
Phone
(502) 564-3795Principal Officer
Guion L Johnstone
Main Address
514 W Main St, Frankfort, KY, 40601
Website
www.kybarfoundation.orgNTEE Category
Code: I03 - Crime
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