Overview
What is Kentucky Historical Society Foundation Inc?
Kentucky Historical Society Foundation Inc is a dedicated organization, based in Frankfort, Kentucky, that primarily supports its partner, the Kentucky Historical Society. Over the years, their collaborative efforts have resulted in significant accomplishments, such as building the Thomas D. Clark Center for Kentucky History, acquiring notable historical artifacts, expanding the Historical Markers Program across the state, and initiating various educational programs. Notably, the HistoryMobile and HistorySmarts programs have garnered national recognition, engaging over 4,500 middle and high school students annually. The foundation also assists in making the society's collections more accessible to the public and fosters critical thinking skills in students by involving them in the historical process. Through its support, the foundation contributes to raising awareness of local history resources, preserving heritage, and instilling a sense of Kentucky's identity.
Official website here: www.history.ky
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98%, Four-Star out of Four Star rating.
The Kentucky Historical Society Foundation Inc has achieved an impressive score of 98%, reflecting its strong performance in accountability and finance. The rating is based solely on accountability metrics, demonstrating the organization's commitment to transparency and responsible management of resources. The foundation's board composition, featuring 100% independent members, indicates a robust governance structure aimed at minimizing conflicts of interest.
In terms of financial management, the organization shows no material diversion of assets and maintains an excellent liabilities to assets ratio of 0.01%. Additionally, a significant portion of its expenses, approximately 68.04%, is allocated toward program services, which underscores its focus on fulfilling its mission. The foundation also adheres to best practices by having a comprehensive conflict of interest policy, a whistleblower policy, and a clear document retention and destruction policy.
While the foundation demonstrates strong operational practices, there is always room for improvement. The reliance on a single beacon score may limit a more nuanced understanding of its overall performance. Nevertheless, the Kentucky Historical Society Foundation Inc remains a highly rated organization in the nonprofit sector, showcasing dedication to its objectives and sound financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Historical Society Foundation Inc legitimate?
Kentucky Historical Society Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Historical Society 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $147,638
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Official website here: www.history.ky
What is the mission statement of Kentucky Historical Society Foundation Inc?
The Kentucky Historical Society Foundation's mission is primarily to assist and support the Kentucky Historical Society (KHS). The core objective of KHS is to educate and engage the public through Kentucky's history, with the aim of addressing the challenges of the future. Since its establishment in 1836, KHS has been entrusted with preserving the Commonwealth's legacy. Over time, KHS has evolved this commitment, now also encompassing helping the public recognize the value of history and using it to tackle the ongoing educational, workforce development, social, and sustainability issues we face today.
Official website here: www.history.ky
What is the revenue of Kentucky Historical Society Foundation Inc?
Kentucky Historical Society Foundation Inc's revenue in 2024 was $683,585.
Official website here: www.history.ky
Who are the executives of Kentucky Historical Society Foundation Inc and what are their salaries?
The average compensation at Kentucky Historical Society Foundation Inc during 2024 was $73,819. There are 2 employees and 17 volunteers at Kentucky Historical Society Foundation Inc.
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Official website here: www.history.ky
Where can I find the form 990 for Kentucky Historical Society Foundation Inc?
Kentucky Historical Society Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.history.ky
Learn more at the official website: www.history.ky
Mission Statement of Kentucky Historical Society Foundation Inc
The Kentucky Historical Society Foundation (KHSF) exists primarily to aid and strengthen the Kentucky Historical Society (KHS). The mission of KHS, as entrusted by the Commonwealth since 1836, is to educate and engage the public through Kentucky's rich history. This commitment extends beyond preserving the past; it also aims to help the public recognize the value of history in confronting the challenges of the present and future. By reimagining this legacy, KHS works to deepen public understanding of the role history plays in addressing educational, workforce development, social, and sustainability issues that persist today.
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Impact
July, 2024
Kentucky Historical Society Foundation Inc, in partnership with the Kentucky Historical Society, has made a significant impact on preserving and promoting the history of Kentucky. Through various initiatives such as the Thomas D. Clark Center for Kentucky History, the acquisition of historical treasures, statewide historical markers programs, and educational programs like HistoryMobile and HistorySmarts, they have engaged the public and educated thousands of middle and high school students annually. By making Kentucky's history more accessible, fostering critical thinking skills, and raising awareness of local history resources, they are preserving the state's heritage and instilling a sense of pride and identity among Kentuckians. The foundation's efforts contribute to the cultural richness and education of the state, making a lasting impact on the community.
This information is meant to be a general summary of Kentucky Historical Society 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 2024.
- Investment Income: $105,281
- Program Service Revenue: $17,615
- Gross Receipts: $2,362,259
Assets and Liabilities:
- Total Assets: $6,363,716
- Total Liabilities: $58,721
- Net Assets: $6,304,995
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP REVENUE
Revenue
$17,395
SUBSCRIPTIONS
Revenue
$220
Organization Details
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