The Hortense B Perry Foundation

Nonprofit profile at a glance

EIN
611251540
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-PF 2020
Location
Louisville, KY, USA
Phone
5026375372
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$241,617
Expenses
$282,239
Assets
$1,356,084
Liabilities
$934,357

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • CHRISTIE MCCRAVY (PRESIDENT)
  • MARY STODDARD (VICE-PRESIDENT)
  • CARLA CURRY (IMMEDIATE PAST PRESIDENT)

People named in this filing

  • CHRISTIE MCCRAVY (PRESIDENT)
  • MARY STODDARD (VICE-PRESIDENT)
  • VIRENDA CUNNINGHAM-LESTER (SECRETARY)

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

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the hortense b. Perry foundation, inc. Is committed to providing resources and services within the community with a focus on education, health, leadership development, economic empowerment, and the visual and performing arts. Our top priorities are: education, health, and economic empowerment.

What it reported doing in 2024

The hbp foundation presents scholarships to area high seniors each year. In 2023, we presented 18 scholarships for a total of $45,750 to area seniors. Scholarships in 2024 totaled more than $53,000.another major program of the foundation is the salute to women entrepreneurs and emergent leaders. This program celebrates area women who have made obtained substantial personal achievements and made significant impact in the community. Another major project involves working with middle school youth under our leaf (leadership, engagement, achievement and future) program. This program focuses on empowering middle school students to be confident, embrace their strengths and talents, understand the importance of community service, and embrace public speaking.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 94
  • Accountability: 70
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.4%; rating input score 99
  • Program expense ratio: 85.1%; rating input score 85
  • Fundraising efficiency: $43.95 raised per $1 spent on fundraising; rating input score 74; 74th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th 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: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -16.8%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 4.8; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.69; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 24.1% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 0.5% per year; rating input score 100; 26th percentile among comparable filings
  • Asset growth: 5.2% per year; rating input score 100; 48th percentile among comparable filings

Details

  • Where the money goes: 99.4% of revenue deployed · 85.1% of spending went to programs
  • Governance: 23 of 23 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $240K in reported program spending
  • Leadership: top reported pay $0 · 23 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Operating margin scored 16/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.