Caesars Foundation of Floyd County Inc

Nonprofit profile at a glance

EIN
352086312
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
New Albany, IN, USA
Phone
8129454332
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$9,063,691
Expenses
$3,129,628
Assets
$50,398,423
Liabilities
$3,497,354

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • MAYOR JEFF GAHAN (VICE PRESIDENT)
  • DR AL KNABLE (PRESIDENT)
  • TYLER BLISS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • TYLER BLISS (EXECUTIVE DIRECTOR): $138,883 total reported compensation
  • ROSE SCHILMILLER (PROGRAM DIRECTOR): $104,734 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide grants to support non profit organizations, schools, and government agencies in new albany and floyd county, Indiana; to provide scholarships for post secondary education to deserving students who live within the county and who desire to pursue a higher education; and to provide loans to small businesses.

What it reported doing in 2025

Grants and scholarships paid to organizations and students within floyd county.

Operating model

Revenue model
Donor-supported. 70% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 91% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 88
  • Accountability: 79
  • Sustainability: 83
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.5%; rating input score 95
  • Program expense ratio: 89%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 11th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 94.8%; rating input score 95; 35th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 65.5%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 16.1; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 7.8%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: -2.2% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: 4.1% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 5.5% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: 94.5% of revenue deployed · 89% of spending went to programs
  • Governance: 7 of 7 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.8M in reported program spending
  • Leadership: top reported pay $139K · 9 people listed
  • Highest-paid contractors: 1 contractor listed · $153K reported
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 67 filed money-flow records
  • Related organizations: 65 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.