Leadership Kentucky Foundation Inc

What it reported doing in 2024

The core leadership Kentucky program began in 1985 and brings together a diverse group of people who possess a broad variety of leadership abilities, career accomplishments, and volunteer activities to gain insight into complex issues facing the state. Through a series of seven monthly, three day sessions, held in various locations in the state, our participants are educated about the commonwealth of Kentucky and its challenges. They meet and talk with Kentucky's current leaders, and through a systematic educational program, explore the state's opportunities, needs and resources. Kentucky's rich cultural heritage and its unique diversity are woven throughout the curriculum that features the state's economy, education, health and human services, law and justice, military, natural resources, arts, government, and tourism. In addition, leadership Kentucky provides a thought-provoking experience focusing on the attributes of leadership and what it means to be a leader. By visiting various regions of the commonwealth, class participants develop an enhanced view and a new meaning to the word community that spans the entire state.during 2022, lky led a class of 51 leaders from across the state to fulfill its mission. Leadership Kentucky's selected participants were required to pay tuition of 3,500 for 2022. For this investment, the participant and their sponsoring business or organization sees a return on that investment in expert speakers, books, program content, meals, transportation and venue admissions. Additional return on investment is seen through the class content as they learn firsthand the complex critical issues facing Kentucky and its citizens; their broadened circle of contacts and new alliances built across the state; they are educated, prepared and inspired to return to their respective communities and achieve an even higher level of civic participation in a united effort to make Kentucky a better place for all its citizens.

Financial Efficiency

• Mission deployment rate: 52.5%; rating input score 53
• Program expense ratio: 65.6%; rating input score 66
• Fundraising efficiency: $876.06 raised per $1 spent on fundraising; rating input score 97; 97th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.8%; rating input score 94; 24th percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• 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: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 26.7%; rating input score 82; 82nd percentile among comparable filings
• Total-asset coverage ratio: 3.71; rating input score 79; 79th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 66; 66th percentile among comparable filings
• Officer compensation ratio: 24.7%; rating input score 10; 10th percentile among comparable filings

Growth

• Program expense growth: 5.8% per year; rating input score 100; 46th percentile among comparable filings
• Revenue growth: 9.1% per year; rating input score 100; 63rd percentile among comparable filings
• Asset growth: 10.9% per year; rating input score 100; 61st percentile among comparable filings