2016-02-22T12:00:10-06:00 2015-09-30 350921680 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2014-10-01 611284992 Kentucky Chamber Foundation Inc KENT 5026954700 464 Chenault Road Frankfort KY 40601 David Adkisson President, CEO 2016-01-26 true Rachel Spurlock P00520729 5023263996 2014 2016-08-17 19:52:53Z David Adkisson 464 Chenault Road Frankfort KY 40601 348460 false X N/A X 1995 KY The Kentucky Chamber Foundation is a 501(c)(3) organization dedicated to advancing Kentucky in education, health and wellness, energy, government efficiency and global competitiveness. 5 4 0 5 0 0 247401 336693 0 0 315 526 0 11241 247716 348460 0 0 0 0 90080 42347 0 0 0 444058 346323 534138 388670 -286422 -40210 484217 360065 195832 111890 288385 248175 The Kentucky Chamber Foundation is an organization dedicated to advancing Kentucky in education, health and wellness, energy, government efficiency and global competitiveness. false false 388670 11241 THE KENTUCKY CHAMBER FOUNDATION (KCF) WAS CREATED BY THE KENTUCKY CHAMBER OF COMMERCE (KCC) TO FURTHER ITS MISSION OF CREATING AND SUPPORTING A COMPETITIVE BUSINESS CLIMATE IN KENTUCKY. KCF HAS COMMITTED TO DEVELOPING PROGRAMS AND SERVICES IN LINE WITH THE KCC'S NEW AGENDA FOR KENTUCKY PROJECT THROUGH ITS NEW AGENDA CAMPAIGN. (CONTINUED IN SCHEDULE O) 388670 true true false false false false false false false false false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 3 0 true 0 false false false false false false false false false false X 5 4 false false false false false false false true false false false true true true true true true true false false KY X Patrick Merchak 5026954700 464 Chenault Road Frankfort KY 40601 Dan Bork Chairman 1.00 X X 0 0 0 David C Adkisson Secretary 1.00 38.00 X X 0 385381 62678 Paula Hanson Treasurer 1.00 1.00 X X 0 0 0 Elizabeth McCoy Member 1.00 1.00 X 0 0 0 Greg Pauley Member 1.00 1.00 X 0 0 0 0 385381 62678 0 false true false CENTER FOR CREATIVE LEADERSHIP ONE LEADERSHIP PLACE GREENSBORO NC 27438 LEADERSHIP PROGRAM SERVICES 293272 1 336693 336693 0 0 0 0 0 526 526 0 0 0 0 Miscellaneous Income 900099 11241 11241 0 0 0 0 11241 348460 11241 0 526 X 40472 40472 720 720 1155 1155 222617 222617 0 0 307 307 6571 6571 75967 75967 2956 2956 Administration Fees 37573 37573 332 332 0 0 388670 388670 0 0 164742 146723 309825 208665 0 0 9650 4677 0 0 0 0 0 0 0 0 484217 360065 73330 10795 0 122502 101095 195832 111890 X 16168 95663 272217 152512 288385 248175 484217 360065 -40210 0 X false true X true false X 567500 1538417 364800 247401 336693 3054811 567500 1538417 364800 247401 336693 3054811 254353 2800458 325 914 177 315 526 2257 0 0 0 0 11241 11241 3068309 0.9127 0.8906 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISCELLANEOUS, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 11241.0, COLUMN F - 11241.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Due to Kentucky Chamber of Commerce 101095 101095 X 348460 0 0 348460 0 0 348460 388670 0 0 388670 0 0 388670 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote KCF has been granted exemption from federal and state income taxes under Section 501(c)(3) of the Code. KCF had no unrelated business income, and as such, had no income tax expense. The Chamber would recognize a tax position as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. The Chamber is no longer subject to examination by taxing authorities for years before September 30, 2012. The Chamber does not expect the total amount of unrecognized tax benefits to significantly change over the next 12 months. The Chamber recognizes interest and penalties related to income tax matters in income tax expense. The Chamber did not have any amounts accrued for interest and penalties at September 30, 2015 and 2014. false true false false false false false David C Adkisson Secretary 0 328933 0 35125 0 21323 0 53550 0 9128 0 448059 0 0 Schedule J, Part I, Line 3 METHODS USED TO ESTABLISH THE COMPENSATION COMPENSATION FOR THE ORGANIZATION'S CEO IS PAID BY THE KENTUCKY CHAMBER OF COMMERCE, INC. (KCC), A RELATED TAX-EXEMPT ORGANIZATION. KCC UTILIZES THE FOLLOWING METHODS TO DETERMINE COMPENSATION FOR THE CEO: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Effective October 1, 2010, the Kentucky Chamber of Commerce (Chamber), a related tax-exempt organization, established a deferred compensation plan for the purpose of inducing service or encouraging the continued service of certain employees. The chamber recorded $40,000 of deferred compensation for the President/CEO during the year ended September 30, 2015. Form 990, Part III, Line 4a PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUED) KCF'S PROGRAM INITIATIVES INCLUDE: - LEADERSHIP INSTITUTE FOR SCHOOL PRINCIPALS: SCHOOL PRINCIPALS ATTEND THE KENTUCKY CHAMBER FOUNDATION'S LEADERSHIP INSTITUTE FOR SCHOOL PRINCIPALS. PARTICIPANTS WERE SELECTED BY AN ADVISORY BOARD MADE UP OF BUSINESS LEADERS AND SCHOOL SUPERINTENDENTS. THE PROGRAM OFFERS PUBLIC AND PRIVATE SCHOOL PRINCIPALS AN OPPORTUNITY TO RECEIVE POWERFUL LEADERSHIP TRAINING FROM THE NATIONALLY ACCLAIMED CENTER FOR CREATIVE LEADERSHIP (CCL), A TOP-RANKED GLOBAL PROVIDER OF EXECUTIVE EDUCATION FOUNDED IN 1970. ITS EDUCATION AND NONPROFIT SECTION WAS ESTABLISHED IN 1988. NUMEROUS KENTUCKY CORPORATIONS USE CCL TO PROVIDE TRAINING FOR THEIR EXECUTIVES. - TASK FORCE ON POSTSECONDARY EDUCATION - ANNUAL PROGRESS UPDATE: THIS ANNUAL WRITTEN UPDATE IS PROVIDED TO THE PUBLIC ON KENTUCKY'S PUBLIC UNIVERSITIES' PROGRESS ACHIEVING A 20-YEAR IMPROVEMENT PLAN SET FORTH BY KENTUCKY POLICYMAKERS. Form 990, Part VI, Line 15 PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS/KEY EMPLOYEES THE FOUNDATION DOES NOT HAVE ANY OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES; THEREFORE, THIS QUESTION HAS BEEN ANSWERED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body The organization does not have committees with authority to act on behalf of the governing body. Form 990, Part VI, Line 11b Review of form 990 by governing body A copy of the organization's final form 990 (including supplemental schedules), as ultimately filed with the IRS, was provided to each voting member of the Foundation's governing body electronically prior to its filing with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy The Kentucky Chamber Foundation annually surveys its board of directors and other key persons to determine potential conflicts of interest. A questionnaire is distributed annually that includes a list of key persons and a detailed description of what might constitute a conflict of interest with the organization. The response to the questionnaires are reviewed by the board of directors. On matters where the conflict applies, the board member holding the conflict will be prevented from deliberating and voting on decisions of the transaction or arrangement. Form 990, Part VI, Line 15a Process to establish compensation of top management official Compensation for the organization's officers is paid by Kentucky Chamber of Commerce, Inc. (KCC), a related tax-exempt organization. The CEO's performance and compensation are reviewed at least once each year by KCC's performance review and compensation committee (established in the chamber's bylaws) using comparable chamber of commerce and state association executive compensation data. The performance review and compensation committee reports its review process to KCC's executive committee. The CEO reports to the committee on his/her process for review of other executive salaries. The committee reports its review process to the executive committee. The reports for the above are included in the executive committee minutes which are distributed to the full board of directors at the regular meeting. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to IRC Section 6104. These documents are not available to the public at this time. Form 990, Part IX, Line 11g Other Fees Leadership Program Teachers - Total Expense: 32135, Program Service Expense: 32135, Management and General Expenses: , Fundraising Expenses: ; Professional Services - Total Expense: 190482, Program Service Expense: 190482, Management and General Expenses: , Fundraising Expenses: ; KENTUCKY CHAMBER OF COMMERCE INC 464 CHENAULT ROAD FRANKFORT KY 40601 610405718 MEMBERSHIP ORGANIZATION KY 501(c)(6 NA false false false false false false false false false false false true true false true true true false false false