Kentucky Financial Empowerment Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 843265189 ✦ Frankfort, KY ✦ Designated as a 501(c)(3)

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Overview

What is Kentucky Financial Empowerment Foundation?

The Kentucky Financial Empowerment Foundation is a nonprofit organization situated in Frankfort, Kentucky. Its primary mission is to promote financial literacy and empowerment, catering to a diverse group of individuals. This includes K-12 students, veterans, low-income Kentuckians, and the elderly. The foundation aims to assist local school boards in acquiring financial literacy software or presenters to facilitate these lessons. With a team of three dedicated professionals, the foundation strives to make financial education accessible and beneficial for its target audience.


Official website here: www.kyfec.org

Is Kentucky Financial Empowerment Foundation legitimate?

Kentucky Financial Empowerment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Financial Empowerment Foundation 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: $61,417
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,055

For more financial information, click here


Official website here: www.kyfec.org

What is the mission statement of Kentucky Financial Empowerment Foundation?

The Kentucky Financial Empowerment Foundation was established with a mission to provide financial literacy and empowerment instruction and services to a diverse group of individuals. This includes K-12 students, veterans, low-income Kentuckians, and aging Kentuckians. The organization aims to assist local school boards in obtaining financial literacy software or presenters, furthering its commitment to financial education. Its main goal is to empower individuals with the necessary financial skills and knowledge to make informed decisions and improve their financial well-being.


Official website here: www.kyfec.org

Who is the CEO of Kentucky Financial Empowerment Foundation?

Jennifer Inman is the Former Executive Director of Kentucky Financial Empowerment Foundation.


Official website here: www.kyfec.org

What is the revenue of Kentucky Financial Empowerment Foundation?

Kentucky Financial Empowerment Foundation's revenue in 2022 was $197,726.


Official website here: www.kyfec.org

Who are the executives of Kentucky Financial Empowerment Foundation and what are their salaries?

The average compensation at Kentucky Financial Empowerment Foundation during 2022 was $22,157. There are 3 employees at Kentucky Financial Empowerment Foundation.


Here are 13 key members and their salaries:


Matthew T Frey (Former Executive Director)
  • Compensation: $22,667
  • Related: $0
  • Other: $0
Abdullah Al-Bahrani (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allison Ball (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Painter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Beth Hargis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Laurel Martin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted King (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Sandlin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
April Perry (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Burse (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Wheeler (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amanda Geiger (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Inman (Executive Director)
  • Compensation: $38,750
  • Related: $0
  • Other: $0


Official website here: www.kyfec.org

Where can I find the form 990 for Kentucky Financial Empowerment Foundation?

Kentucky Financial Empowerment Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.kyfec.org

Learn more at the official website: www.kyfec.org

Mission Statement of Kentucky Financial Empowerment Foundation

The Kentucky Financial Empowerment Foundation, established with a mission in mind, is dedicated to providing financial literacy and empowerment instruction and services to a diverse group of individuals. This nonprofit organization extends its reach to K-12 students, veterans, low-income Kentuckians, and the aging population within the community. By offering financial literacy programs, workshops, and resources, the Kentucky Financial Empowerment Foundation aims to equip these individuals with the necessary skills and knowledge to manage their finances effectively and make informed decisions about their financial future. The organization also assists local school boards in obtaining financial literacy software or presenters, further reinforcing its commitment to financial education.

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Impact




October, 2024

Kentucky Financial Empowerment Foundation plays a crucial role in enhancing financial literacy and empowerment across diverse communities. By focusing on K-12 students, veterans, low-income residents, and aging populations, it addresses key financial knowledge gaps that can impede individual and community growth.

The foundation provides essential instruction and services that equip individuals with the tools they need to make informed financial decisions. This includes assisting local school boards in obtaining financial literacy software and engaging presenters who can deliver effective financial education programs. Through these efforts, the foundation contributes to a more financially literate society, promoting economic stability and empowering individuals to improve their financial well-being.




This information is meant to be a general summary of Kentucky Financial Empowerment Foundation. 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.

Revenue
$197,726 (2022)
Expenses
$122,664 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $197,726

Assets and Liabilities:

  • Total Assets: $441,859
  • Total Liabilities: $0
  • Net Assets: $441,859

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Organization Details

Founding Year

2019

Principal Officer

Jennifer Inman

Main Address

1050 US-127 APT 100, FRANKFORT, KY, 40601

NTEE Category

Code: B01 - Education

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