Overview
What is Kentucky Nonprofit Network Inc?
Kentucky Nonprofit Network Inc, headquartered in Lexington, Kentucky, is a nonprofit organization committed to serving and strengthening the nonprofit sector within the state. Their mission is to advance and support Kentucky's nonprofit organizations, aiming to enhance the quality of life for all Kentuckians. They provide high-quality, affordable educational opportunities to nonprofit executives, board members, staff, and volunteers through events like the annual Kentucky Nonprofit Leadership Forum and various seminars, workshops, webinars, and technical assistance activities. These resources focus on nonprofit management best practices and capacity building, enabling nonprofit leaders to develop professionally and organizationally. With a strong presence and a team of five dedicated individuals, Kentucky Nonprofit Network Inc serves as a unified voice for the nonprofit sector, advocating for policies that support the capacity of nonprofits to address their communities' needs.
Official website here: www.kynonprofits.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98%, Four-Star out of Four Star rating
The Kentucky Nonprofit Network Inc has achieved an impressive score of 98%, reflecting its strong accountability and finance practices. This high rating is based solely on a single beacon score, demonstrating the organization’s commitment to transparent financial management and effective governance. With a Four-Star rating, they are recognized for their excellence in nonprofit management.
The organization boasts a fully independent board of directors, which ensures unbiased oversight with 100% of its members being independent. Additionally, the nonprofit has demonstrated diligence in governance practices by having a well-documented conflict of interest policy, whistleblower policy, and strategies for document retention. Their efforts in maintaining clear records and transparency are evident, contributing to their strong financial health.
While the program expense ratio of 68.65% indicates a significant portion of expenses directed towards their programs, the organization has room for improvement in maximizing program spending. Nonetheless, the Kentucky Nonprofit Network Inc exemplifies a responsible and well-managed nonprofit, offering assurance to donors and stakeholders alike regarding its fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Nonprofit Network Inc legitimate?
Kentucky Nonprofit Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Nonprofit Network 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: $117,115
Professional Fundraising Fees: $0
Other Salaries and Wages: $99,036
For more financial information, click here
Official website here: www.kynonprofits.org
What is the mission statement of Kentucky Nonprofit Network Inc?
Kentucky Nonprofit Network Inc's mission is to support and strengthen Kentucky's nonprofit organizations, aiming to enhance their capacity to improve the quality of life in the community. They achieve this through providing affordable educational opportunities and technical assistance, sharing best practices in nonprofit management, advocating for the sector on issues affecting nonprofits' ability to address community needs, and offering member benefits to charitable organizations. The organization's goal is to create a robust, connected nonprofit community across Kentucky and enhance the capabilities of these vital organizations for the betterment of all Kentuckians.
Official website here: www.kynonprofits.org
Who is the CEO of Kentucky Nonprofit Network Inc?
Danielle Clore is the Executive Director of Kentucky Nonprofit Network Inc.
Official website here: www.kynonprofits.org
What is the revenue of Kentucky Nonprofit Network Inc?
Kentucky Nonprofit Network Inc's revenue in 2022 was $488,508.
Official website here: www.kynonprofits.org
Who are the executives of Kentucky Nonprofit Network Inc and what are their salaries?
The average compensation at Kentucky Nonprofit Network Inc during 2022 was $43,230. There are 5 employees and 37 volunteers at Kentucky Nonprofit Network Inc.
Here are 11 key members and their salaries:
- Compensation: $117,115
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- Other: $18,167
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- Other: $0
Official website here: www.kynonprofits.org
Where can I find the form 990 for Kentucky Nonprofit Network Inc?
Kentucky Nonprofit Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kynonprofits.org
Learn more at the official website: www.kynonprofits.org
Mission Statement of Kentucky Nonprofit Network Inc
Kentucky Nonprofit Network, Inc. is dedicated to serving, strengthening, and advancing the nonprofit organizations in Kentucky that work towards improving the quality of life in their community. The organization achieves this mission by providing affordable educational opportunities and technical assistance, resources on nonprofit management best practices, a unified voice for the sector on issues affecting the capacity of nonprofits to address their communities' needs, and member benefits for charitable organizations. The ultimate goal of Kentucky Nonprofit Network, Inc. is to create a strong, vibrant, and connected nonprofit community across the Commonwealth, thereby building the capacity of these vital organizations that strive to enhance the lives of all Kentuckians.
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Impact
July, 2024
Kentucky Nonprofit Network Inc serves, strengthens, and advances Kentucky's nonprofit organizations through quality and affordable educational opportunities and technical assistance. By providing access to high-quality educational resources and organizing events like the Kentucky Leadership Forum, KNN equips nonprofit executives, board members, staff, and volunteers with the latest tools and information to enhance their professional and organizational development. This ultimately helps build the capacity of these vital organizations to improve the quality of life for all Kentuckians.
This information is meant to be a general summary of Kentucky Nonprofit Network 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: $324
- Program Service Revenue: $214,473
- Gross Receipts: $488,508
Assets and Liabilities:
- Total Assets: $282,869
- Total Liabilities: $102,999
- Net Assets: $179,870
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP AND OUTREAC
Revenue
$206,418
EDUCATION
Revenue
$7,705
KENTUCKY GIVES DAY
Revenue
$350
Organization Details
Founding Year
2012
Phone
(859) 963-3203Principal Officer
Danielle Clore
Main Address
PO BOX 24362, LEXINGTON, KY, 40524
Website
www.kynonprofits.orgNTEE Category
Code: B90 - Education
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