NAWBO Louisville Foundation Inc Aka NAWBO Kentucky Foundation

Nonprofit profile at a glance

EIN
800633173
IRS 990-EZ coverage
2011–2022
Forms available
Form 990-EZ 2022
Location
Louisville, KY, USA
Phone
5026250248
Rating
55
Verdict
MIXED
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$33,507
Expenses
$46,391
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Patty Breeze (President)

People named in this filing

  • Heather Beeler (Secretary)
  • Margaret Jolly (Treasurer)
  • Sarah Waskey (Board Member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The vision of the Foundation is to be the leading women's organization for developing educational and outreach programs for students of business and entrepreneurs. The purpose of the Foundation is to support economic development and diversity/inclusion in Kentuckiana through educational and outreach efforts for current and future entrepreneurs and women business owners. The objectives of the Foundation are as follows: To provide scholarships/awards to entrepreneurs and students; To provide outreach programs to emerging entrepreneurs and business owners; To provide business educational opportunities for the general public; To encourage, support and educate those who own and operate businesses; and To collaborate with other 501(c)(3) organizations that complement the Foundation.

What it reported doing in 2022

GROW Survive which is a seven-month program designed to assist current and future women business owners in the areas of goal setting, branding, finance and funding, strategic planning, marketing, sales & social media. There are also Mastermind Groups made up of female entrepreneurs that meet regularly to address ongoing business challenges and opportunities. Annually, there is an EPIC Awards Banquet with an educational speaker where entrepreneurs are recognized for their accomplishments

Operating model

Revenue model
Earned-program. 89% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 40
  • Transparency & Controls: 82
  • Sustainability: 15
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 43.7%; rating input score 44
  • Program expense ratio: 31.6%; rating input score 32

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -38.5%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -0.4% per year; rating input score 0; 51st percentile among comparable filings
  • Revenue growth: -0.2% per year; rating input score 0; 55th percentile among comparable filings
  • Asset growth: 5% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 43.7% of revenue deployed · 31.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $15K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 12 filing years from 2011 to 2022
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 32/100.
  • High — Sustainability: Operating margin scored 17/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.