2014-02-12T21:00:03-06:00 2013-09-30 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2012-10-01 611284992 KENTUCKY CHAMBER FOUNDATION INC KENT 5026954700 464 Chenault Road Frankfort KY 40601 DAVID ADKISSON 2014-01-14 true Rachel Spurlock P00520729 5023263996 2012 2015-11-30 17:44:51Z DAVID ADKISSON 464 Chenault Road Frankfort KY 40601 364977 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 4 0 1538417 364800 0 0 914 177 0 0 1539331 364977 0 0 0 0 157774 86225 26158 0 0 724813 504286 908745 590511 630586 -225534 936585 703301 136244 128494 800341 574807 X THE KENTUCKY CHAMBER FOUNDATION IS AN ORGANIZATION DEDICATED TO ADVANCING KENTUCKY IN EDUCATION, HEALTH AND WELLNESS, ENERGY, GOVERNMENT EFFICIENCY AND GLOBAL COMPETITIVENESS. false false 525943 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) 525943 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 false true 62 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 1.00 1.00 X X 0 0 0 DAVID C ADKISSON 1.00 38.00 X X 0 357672 59637 PAULA HANSON 1.00 1.00 X X 0 0 0 ELIZABETH MCCOY 1.00 1.00 X 0 0 0 GREG PAULEY 1.00 1.00 X 0 0 0 0 357672 59637 0 false true false CENTER FOR CREATIVE LEADERSHIP ONE LEADERSHIP PLACE GREENSBORO NC 27438 LEADERSHIP PROGRAM SERVICES 269065 1 364800 364800 0 0 0 0 0 0 0 0 0 0 177 177 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 364977 0 0 177 0 0 0 0 0 0 77858 77858 0 3801 3801 4566 4566 0 0 0 0 0 0 313738 313738 0 0 20700 20700 5581 5581 0 0 0 95569 95569 0 2927 2927 0 0 0 0 ADMINISTRATION FEES 64568 64568 MISC EXP 1203 1203 0 0 0 0 590511 525943 64568 0 0 366250 290806 543285 397335 0 0 0 0 27050 15160 0 0 0 0 0 0 0 0 0 0 936585 703301 5454 4636 0 0 0 130790 123858 136244 128494 X -13546 21363 813887 553444 800341 574807 936585 703301 -225534 0 X false true X true false X 45000 1250 567500 1538417 364800 2516967 0 0 45000 1250 567500 1538417 364800 2516967 311294 2205673 324 94 325 914 177 1834 0 0 0 0 0 0 2518801 0 0.87560 0.86600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 DUE TO KENTUCKY CHAMBER OF COMMERCE 123858 123858 X 364977 0 0 364977 0 0 364977 590511 0 0 590511 0 0 590511 FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 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, 2008. 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, 2013 AND 2012. false true false false false false false DAVID C ADKISSON 0 300446 0 35725 0 21501 0 51600 0 8037 0 417309 0 0 METHODS USED TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR SCHEDULE J, PART I, LINE 3 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 COMEPNSATION FOR THE CEO: COMPENSATION COMMITTEE, INDEPENDENT COMPANSATION COMSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND SPPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. Supplemental nonqualified retirement plan Schedule J, Part I, Line 4b 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 $36,900 OF DEFERRED COMPENSATION FOR THE PRESIDENT/CEO DURING THE YEAR ENDED SEPTEMBER 30, 2013. PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUED) FORM 990, PART III, LINE 4A 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. Documentation of meetings held by committees of governing body Form 990, Part VI, Section A, Line 8b THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b A COPY OF THE ORGANIZATIONS 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 FEBRUARY 11, 2014. A HARD COPY OF THE FORM 990 (INCLUDING SUPPLEMENTAL SCHEDULES) WAS THEN PRESENTED DURING THE FULL BOARD MEETING ON FEBRUARY 12, 2014, PRIOR TO ITS FILING WITH THE IRS. Conflict of interest policy Form 990, Part VI, Section B, Line 12c 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. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a 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. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 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. Other Expenses Form 990, Part IX, Line 11g PROFESSIONAL SERVICES - TOTAL EXPENSE: 313738, PROGRAM SERVICE EXPENSE: 313738, MANAGEMENT AND GENERAL EXPENSES: , FUNDRAISING EXPENSES: ; KENTUCKY CHAMBER OF COMMERCE INC 464 CHENAULT ROAD FRANKFORT KY 40601 MEMBERSHIP ORGANIZATION KY 501(C)(6) N/A NA false false false false false false false false false false false true true false true true true false false false