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Filing year 2023

THE GHEENS FOUNDATION INC

Louisville, Kentucky·EIN 61-6031406·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$14.9M
Total assets
$158.8M
Total expenses
$8.1M
Reported officers
7

Executive compensation

Form 990-PF · Part VIII · 7 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide.

President/treasurer
Board President
Above 90th percentile
$302k
$330k
Trustee/chair/ceo
Unclassified
$89k
$97k
Trustee/investment Committee Chair
Board Chair
Median to 75th percentile
$32k
$35k
Trustee/audit Committee Chair
Board Chair
Median to 75th percentile
$32k
$35k
Trustee/secretary/comp Committee Chair
Board Chair
Median to 75th percentile
$28k
$31k
Trustee
Board Member
75th to 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers in Kentucky
$24k
$26k
Trustee
Board Member
75th to 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers in Kentucky
$24k
$26k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at THE GHEENS FOUNDATION INC equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
4%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$6.5M

Itemized grants

163

Median grant

$25k

RecipientLocationPurposeAmount
VOLUNTEERS OF AMERICA MID-STATES INCLOUISVILLE, KYCOMMUNITY CARE CAMPUS AND UNITY HOUSE$400k
SIMMONS COLLEGE OF KENTUCKY INCLOUISVILLE, KYMISSION DELIVERY SUPPORT$250k
HOME OF THE INNOCENTSLOUISVILLE, KYCAMPAIGN TO RENOVATE THE CURRENT FACILITIES$250k
BAYOU COMMUNITY FOUNDATIONHOURNA, LAMISSION DELIVERY SUPPORT$200k
LOUISVILLE WATERFRONT DEVELOPMENT CORPORATIONLOUISVILLE, KYPLAYWORKS AT WATERFRONT PARK$200k
RITA JUNE FOUNDATION INCLOUISVILLE, KYTHE CONSTRUCTION OF THREE LOUISVILLE BEZOS ACADEMIES$175k
NEW DIRECTIONS HOUSING CORPORATIONLOUISVILLE, KYMISSION DELIVERY SUPPORT$150k
RIVER HERITAGE CONSESRVANCY INCJEFFERSONVILLE, INORIGIN PARK$150k
LOUISVILLE FREE PUBLIC LIBRARYLOUISVILLE, KYONE LIBRARY, ONE LOUISVILLE$124k
FUND FOR THE ARTSLOUISVILLE, KYMISSION DELIVERY SUPPORT$100k
AMERICANA COMMUNITY CENTER INCLOUISVILLE, KYAMERICANA YOUTH AND FAMILY EDUCATION PROGRAM$100k
GREATER LOUISVILLE FOUNDATION INCLOUISVILLE, KYLIVE IN LOU$100k
JEFFERSON COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INCLOUISVILLE, KYJEFFERSON RISING CAPITAL CAMPAIGN$100k
LOUISVILLE CENTRAL COMMUNITY CENTERS INCLOUISVILLE, KYKIDS ARTS ACADEMY & COMPLETION OF GRAND LYRIC THEATER$100k
GOODWILL INDUSTRIES OF KENTUCKYLOUISVILLE, KYWEST LOUISVILLE OPPORTUNITY CAMPUS CAPITAL CAMPAIGN$100k
THE HOUSING PARTNERSHIP INCLOUISVILLE, KYBEYOND 9TH: REVITALIZING WEST LOUISVILLE THROUGH STRATEGIC HOMEOWNERSHIP$100k
NEIGHBORHOOD HOUSELOUISVILLE, KYMISSION DELIVERY SUPPORT$80k
FAMILY AND CHILDREN'S PLACELOUISVILLE, KYMISSION DELIVERY SUPPORT$75k
GIRL SCOUTS OF KENTUCKIANA INCLOUISVILLE, KYGIRL SCOUT LEADERSHIP EXPERIENCE$75k
KENTUCKIANAWORKS FOUNDATION INCLOUISVILLE, KYGREATER LOUISVILLE ALIGNMENT NETWORK$75k
ST JOHN CENTER INCLOUISVILLE, KYTRAUMA-INFORMED DESIGN & SUPPORTIVE SERVICES FOR SHEEHAN LANDING$75k
LOUISVILLE METRO POLICE FOUNDATION INCLOUISVILLE, KYWELLNESS CENTER FOR METRO LOUISVILLE FIRST RESPONDERS$75k
CENTER FOR NONPROFIT EXCELLENCELOUISVILLE, KYMISSION DELIVERY SUPPORT; NOT-FOR-PROFIT ACCELERATION PILOT PROGRAM$55k
FAMILY SCHOLAR HOUSE INCLOUISVILLE, KYCAPITAL, PROGRAM AND MISSION SUPPORT$50k
ACADEMY OF MUSIC PRODUCTION EDUCATION AND DEVELOPMENTLOUISVILLE, KYMISSION DELIVERY SUPPORT$50k
Compare this foundation's grantees

Up 12%
from 2022

From $270k in 2022 to $302k in 2023.

$270k
2022
$302k
2023
In today's dollarsEst.
Up 7% in real terms$308k to $330k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board President pay rose 12% from 2022 to 2023, while revenue rose 74%.

$270k in 2022 to $302k in 2023.
  • Board Chair pay held roughly steady from 2022 to 2023.
  • Board Member pay held roughly steady from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE GHEENS FOUNDATION INC

What does the Board President of THE GHEENS FOUNDATION INC earn?

In 2023, the Board President of THE GHEENS FOUNDATION INC received $301,966 in total compensation. This pay is in the top 10% for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board President pay at THE GHEENS FOUNDATION INC compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide, the 2023 pay of the Board President at THE GHEENS FOUNDATION INC falls in the top 10%. In 2023, the highest total compensation at THE GHEENS FOUNDATION INC equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are THE GHEENS FOUNDATION INC's revenue and expenses?

In 2023, THE GHEENS FOUNDATION INC reported $14.9M in total revenue and $8.1M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.