Kentucky Golf Foundation
Kentucky Golf Foundation maintains strong assets and low liabilities with no reported officer compensation.
EIN: 20661784 · Louisville, KY · NTEE: A50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $809K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.4M |
| Transparency Score | 85/100 |
Is Kentucky Golf Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kentucky Golf Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kentucky Golf Foundation
Kentucky Golf Foundation (EIN: 20661784) is a nonprofit organization based in Louisville, KY, classified under NTEE code A50. The organization reported total revenue of $1.9M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kentucky Golf Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kentucky Golf Foundation is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $909K |
| Total Expenses | $809K |
| Surplus / Deficit | +$101K |
| Total Assets | $1.5M |
| Total Liabilities | $49K |
| Net Assets | $1.4M |
| Operating Margin | 11.1% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 22.0 months |
Financial Health Grade: A
In 2023, Kentucky Golf Foundation reported a surplus of $101K with revenue exceeding expenses, holds 22.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kentucky Golf Foundation's revenue has grown at a compound annual growth rate (CAGR) of 16.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.4% | +24.7% | +5.3% |
| 2022 | -19.1% | +14.4% | +4.9% |
| 2021 | +81.2% | +35.5% | -0.8% |
| 2020 | -18.6% | -19.9% | +2.7% |
| 2019 | -24.2% | -13.8% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kentucky Golf Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Kentucky Golf Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $101K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive leadership or that compensation is categorized differently, which is a positive indicator for donor confidence and efficient use of funds relative to its size and revenue of nearly $1 million in 2023.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kentucky Golf Foundation's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided summary data, making precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Kentucky Golf Foundation:
- Strong and growing asset base, reaching $1,483,282 in 2023.
- Very low and decreasing liabilities, at $48,631 in 2023, indicating excellent financial management.
- Consistent reporting of 0% officer compensation, suggesting high efficiency in executive leadership costs.
- Positive net income in most recent periods, such as $100,836 in 2023 ($909,398 revenue - $808,562 expenses).
- Consistent financial stability and growth over the past decade.
Frequently Asked Questions about Kentucky Golf Foundation
Is Kentucky Golf Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kentucky Golf Foundation (EIN: 20661784) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Kentucky Golf Foundation spend its money?
Kentucky Golf Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kentucky Golf Foundation tax-deductible?
Kentucky Golf Foundation is registered as a tax-exempt nonprofit (EIN: 20661784). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kentucky Golf Foundation CEO make?
Kentucky Golf Foundation's highest-compensated officer earns $1 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kentucky Golf Foundation's spending goes to programs?
Kentucky Golf Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kentucky Golf Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kentucky Golf Foundation is above average for NTEE category A50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kentucky Golf Foundation located?
Kentucky Golf Foundation is headquartered in Louisville, Kentucky and files with the IRS under EIN 20661784. It is classified under NTEE code A50.
How many years of IRS 990 filings does Kentucky Golf Foundation have?
Kentucky Golf Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.9M in total revenue.
Is Kentucky Golf Foundation a good charity?
Based on available data, the Kentucky Golf Foundation appears to be a good charity. It demonstrates strong financial health with growing assets ($1,483,282 in 2023) and very low liabilities ($48,631 in 2023). The consistent reporting of 0% officer compensation is also a significant positive indicator of efficient resource allocation.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth and stability. Revenue has fluctuated but generally trended upwards, reaching $909,398 in 2023 from $313,454 in 2015. Assets have steadily increased from $1,305,996 in 2015 to $1,483,282 in 2023, while liabilities have significantly decreased from $464,679 in 2015 to $48,631 in 2023, indicating improved financial management.
What is the organization's approach to executive compensation?
The Kentucky Golf Foundation consistently reports 0% officer compensation in its IRS 990 filings. This suggests that its executive leadership may be entirely volunteer-based or compensated through other means not categorized as 'officer compensation' in the summary data, which is a strong positive for donor trust and resource efficiency.
Filing History
IRS 990 filing history for Kentucky Golf Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kentucky Golf Foundation's revenue has grown by 553.5%, moving from $139K to $909K. Total assets decreased by 4.4% over the same period, from $1.6M to $1.5M. Total functional expenses rose by 353.8%, from $178K to $809K. In its most recent filing year (2023), Kentucky Golf Foundation reported a surplus of $101K, with revenue exceeding expenses. The organization holds $49K in liabilities against $1.5M in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $909K | $809K | $1.5M | $49K | — | View 990 |
| 2022 | $682K | $648K | $1.4M | $75K | — | View 990 |
| 2021 | $842K | $566K | $1.3M | $42K | — | View 990 |
| 2020 | $465K | $418K | $1.4M | $329K | — | View 990 |
| 2019 | $571K | $522K | $1.3M | $346K | — | View 990 |
| 2018 | $753K | $605K | $1.3M | $377K | — | View 990 |
| 2017 | $418K | $453K | $1.2M | $399K | — | View 990 |
| 2016 | $413K | $455K | $1.2M | $443K | — | View 990 |
| 2015 | $313K | $382K | $1.3M | $465K | — | View 990 |
| 2014 | $574K | $398K | $1.4M | $454K | — | View 990 |
| 2013 | $226K | $279K | $1.4M | $685K | — | View 990 |
| 2012 | $160K | $170K | $1.5M | $715K | — | View 990 |
| 2011 | $139K | $178K | $1.6M | $754K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $909K, expenses of $809K, and assets of $1.5M (revenue +33.4% year-over-year).
- 2022: Revenue of $682K, expenses of $648K, and assets of $1.4M (revenue -19.1% year-over-year).
- 2021: Revenue of $842K, expenses of $566K, and assets of $1.3M (revenue +81.2% year-over-year).
- 2020: Revenue of $465K, expenses of $418K, and assets of $1.4M (revenue -18.6% year-over-year).
- 2019: Revenue of $571K, expenses of $522K, and assets of $1.3M (revenue -24.2% year-over-year).
- 2018: Revenue of $753K, expenses of $605K, and assets of $1.3M (revenue +80.3% year-over-year).
- 2017: Revenue of $418K, expenses of $453K, and assets of $1.2M (revenue +1.2% year-over-year).
- 2016: Revenue of $413K, expenses of $455K, and assets of $1.2M (revenue +31.7% year-over-year).
- 2015: Revenue of $313K, expenses of $382K, and assets of $1.3M (revenue -45.4% year-over-year).
- 2014: Revenue of $574K, expenses of $398K, and assets of $1.4M (revenue +153.5% year-over-year).
- 2013: Revenue of $226K, expenses of $279K, and assets of $1.4M (revenue +41.7% year-over-year).
- 2012: Revenue of $160K, expenses of $170K, and assets of $1.5M (revenue +14.9% year-over-year).
- 2011: Revenue of $139K, expenses of $178K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kentucky Golf Foundation:
Data Sources and Methodology
This transparency report for Kentucky Golf Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.