Overview
What is Louisville Third Century Inc?
Louisville Third Century Inc, established over three decades ago, is a distinguished nonprofit organization based in Louisville, Kentucky. Known for its large-scale, free-to-the-public festivals and concerts, Louisville Third Century Inc has a lesser-known role in supporting various nonprofits, city agencies, and schools through grants from its Catalyst Fund. This funding has been instrumental in numerous projects over the years. The organization's mission is to act as a catalyst for other nonprofits, addressing civic, cultural, and educational issues in Louisville to enhance its overall quality of life. Despite the challenges posed by the COVID-19 pandemic, Louisville Third Century Inc has continued its mission, providing significant financial support and in-kind services to various events and initiatives in the city.
Is Louisville Third Century Inc legitimate?
Louisville Third Century Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisville Third Century 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $147,660
For more financial information, click here
What is the mission statement of Louisville Third Century Inc?
Louisville Third Century Inc serves as a catalyst for various non-profit organizations by providing funds or services to address civic, cultural, and educational issues impacting the quality of life. Their mission is centered around supporting the community by underwriting projects and offering financial assistance to numerous non-profits, city agencies, and educational institutions. The organization is best known for organizing large-scale, free-to-the-public events and concerts, but their lesser-known role involves funding various initiatives. Despite facing challenges in 2022, Louisville Third Century Inc continued to support other organizations and was the largest cash sponsor of city-sponsored festival events that year. The organization also provided in-kind services to several community events, demonstrating its commitment to the betterment of the community.
Who is the CEO of Louisville Third Century Inc?
Lawrence W Jones is the President of Louisville Third Century Inc.
What is the revenue of Louisville Third Century Inc?
Louisville Third Century Inc's revenue in 2022 was $335,846.
Who are the executives of Louisville Third Century Inc and what are their salaries?
The average compensation at Louisville Third Century Inc during 2022 was $49,220. There are 3 employees and 10 volunteers at Louisville Third Century Inc.
Here are 7 key members and their salaries:
- Compensation: $82,054
- Related: $0
- Other: $0
- Compensation: $71,154
- Related: $0
- Other: $0
- Compensation: $40,001
- Related: $0
- Other: $0
- Compensation: $12,200
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Louisville Third Century Inc?
Louisville Third Century Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Louisville Third Century Inc
Louisville Third Century Inc, a nonprofit organization with a rich history spanning over three decades, serves as a catalyst for other non-profit organizations. Its mission is centered around providing funds or services to address civic, cultural, and educational issues impacting the quality of life within its community. The organization takes a proactive approach, aiming to drive positive change by supporting various initiatives and institutions.
Louisville Third Century Inc is particularly renowned for its large-scale events and concerts, which are free for the public. However, its lesser-known role is in funding numerous non-profits, city agencies, and schools through its in-house Catalyst Fund. The organization's philosophy is that the events it organizes serve as a means to an end, rather than being the end itself. This approach has seen it support over 50 organizations throughout its existence.
In a year marked by challenges, Louisville Third Century Inc demonstrated its resilience and commitment to its mission. Despite facing financial hurdles due to the pandemic, the organization continued to support its community. It was the largest cash sponsor of city-sponsored events in 2022 and dedicated numerous hours in in-kind service to Metropolitan Louisville's WorldFest and Light Up Louisville. Through these efforts, Louisville Third Century Inc continues to contribute significantly to the civic, cultural, and educational landscape of its community.
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Impact
October, 2024
Louisville Third Century Inc significantly enhances the quality of life in the Greater Louisville area through its multifaceted approach to civic, cultural, and educational issues. Acting as a catalyst, it provides vital funding and services to over 50 local nonprofits, city agencies, K-12 schools, and universities, thereby addressing critical community needs.
One of its hallmark contributions is the organization of large-scale, free festivals that draw more than 250,000 attendees annually, including the highly regarded WorldFest, recognized as the Midsouth's largest multicultural festival. This event serves as a powerful platform not only for entertainment but also for cultural exchange, showcasing performances from diverse artists and featuring culinary delights from around the world. Furthermore, WorldFest hosts a naturalization ceremony that celebrates new American citizens, reinforcing community bonds and inclusivity.
In addition to WorldFest, Louisville Third Century plays a pivotal role in the city's holiday celebrations, particularly through its sponsorship of Light Up Louisville. This 30-day event fosters family-oriented activities that unite residents in seasonal cheer and tradition. The organization’s recent initiatives focus on rejuvenating local churches and synagogues, creating unique holiday experiences that emphasize community engagement.
Through these efforts, Louisville Third Century Inc not only generates substantial economic impact but also strengthens social ties within the community. Even amidst challenges, such as those posed by the pandemic, the organization demonstrated resilience and a steadfast commitment to supporting Louisville's cultural landscape, embodying a philosophy that prioritizes impactful projects over organizational recognition.
This information is meant to be a general summary of Louisville Third Century 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.
- Gross Receipts: $3,089,430
Assets and Liabilities:
- Total Assets: $212,020
- Total Liabilities: $45,636
- Net Assets: $166,384
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Organization Details
Founding Year
1988
Phone
(502) 561-3440Principal Officer
Lawrence W Jones
Main Address
101 N 7TH STREET, LOUISVILLE, KY, 40202
NTEE Category
Code: N52Z - Recreation
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