CANOPY CERTIFIED INC

Louisville, KY | Jefferson County
Economic Development
CANOPY CERTIFIED INC
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

CANOPY CERTIFIED INC
83-0965241
1500 LYTLE ST
Louisville, KY 40203
Jefferson County
(502) 907-3268

info@canopyky.org
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Mission Statement info

CANOPY RECOGNIZES THE CHANGING LANDSCAPE IN BUSINESS; EMPLOYEES WANT PURPOSE, CONSUMERS ARE PAYING ATTENTION TO WHO THEY BUY FROM, HEALTHY COMMUNITIES ARE GOOD FOR BUSINESS, AND A HEALTHY ENVIRONMENT IS GOOD FOR BUSINESS. CANOPY'S MISSION IS TO GROW KENTUCKY BUSINESSES TO POSITIVELY IMPACT PEOPLE, OUR PLANET, AND OUR FUTURE. THROUGH EDUCATION, CERTIFICATION, AND CONNECTION, WE HELP KENTUCKY BUSINESSES PARTICIPATE AND SUCCEED WITHIN THE GOOD BUSINESS MOVEMENT. CANOPY REPRESENTS AN INNOVATIVE SOLUTION THAT ORIENTS BUSINESSES TOWARD SOCIAL AND ENVIRONMENTAL "GOOD". DATA SHOWS THAT IMPACT-DRIVEN BUSINESSES ALSO EXCEL IN TRADITIONAL BUSINESS METRICS, SUCH AS REVENUE, PROFITABILITY, EMPLOYEE RETENTION, AND CONSUMER ATTRACTION. CANOPY GUIDES KENTUCKY BUSINESSES TOWARDS ACHIEVING MEASURABLE SOCIAL AND ENVIRONMENTAL GOOD, OPERATING WITH THE HIGHEST ETHICAL STANDARDS, AND TAKING CARE OF ALL STAKEHOLDERS ALONG THE WAY.

CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
  • Opportunity Zone
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
2018
Total Employees info
6
Total Volunteers info
23
Nonprofit Classification (NTEE Code) info
S01

S - Community Improvement, Capacity Building

Alliances & Advocacy

Organizations whose activities focus on influencing public policy within the Community Improvement, Capacity Building major group area. Includes a variety of activities from public education and influencing public opinion to lobbying national and state legislatures.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813319
Other Social Advocacy Organizations
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • General Public
  • Job Seekers
  • LGBTQ Individuals
  • Minority Individuals
  • Minority-Owned Businesses
  • Native Americans
  • Nonprofits
  • People in Recovery
  • Small Businesses
  • Veterans
  • Women
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
  • People Living Below Poverty Level

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
NA
Percent LMI Served info
as reported by the nonprofit
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Programs & Services info
Canopy Certified Scholarships for small businesses and entrepeneurs
As a resource for findCRA, Canopy will deliver educational content to diverse stakeholders, including entrepreneurs, small business owners, and those representing or serving historically marginalized communities, with a focus on enrollment in the Canopy Certified Program. As part of this funding partnership, scholarship Funds will also be made available for companies recruited at these events, including Access fees and Certification fees.
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • LGBTQ Individuals
  • Minority-Owned Businesses
  • Native Americans
  • Small Businesses
  • Veterans
  • Women-Owned Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
  • People Living Below Poverty Level
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$461.2K
Revenue
$461.2K
Assets
$35.8K

IRS Business Master File Details info

As of March 2024
Exempt Ruling Date info
2019-07
Deductibility Status info
Deductible
Last Tax Filing info
2022
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)

IRS Publication 78 Details info

As of March 2024
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2022-12
XML
990
Tax period ending in
2021-12
E-File
990
XML
990
Tax period ending in
2020-12
E-File
990
XML
990
Tax period ending in
2019-12
PDF
990
E-File
990
XML
990
Tax period ending in
2018-12
PDF
990-EZ

Nonprofit Location

Physical Address info
1500 LYTLE ST
Louisville, KY 40203
Jefferson County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
31140
MSA/MD info
21
State info
111
County info
0002.02
Tract info
Low
Income Level info
Core-Based Statistical Area info
31140 - Louisville/Jefferson County, KY-IN
Combined Statistical Area info
350 - Louisville/Jefferson County--Elizabethtown--Bardstown, KY-IN
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 30.41%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info
  • KY - All Counties
  • KY - Jefferson County

Market Data

Census Tract County
0002.02 Jefferson County
Population
Total Population 1,141 779,232
Total Households 263 327,211
Income
Median Family Income (Census*) $30,511 $66,296
Median Family Income (2023 FFIEC est.) $89,300 $89,300
Tract Income Percentage 39.32% N/A
Below Poverty Level 28.9% 14.1%
Unemployment Level 22.6% 5.1%
Housing
Total Housing Units 537 356,155
Total Owner-Occupied Units 19.2% 61.8%
Total Renter-Occupied Units 29.8% 38.2%
Total Vacant Units 51.0% 7.2%
* Census tract income based on 2020 American Community Survey data as reported in the 2023 FFIEC Census Flat File; County income based on 2022 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

13
Total Voting Members
in Governing Body info
13
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Scott Koloms
(502) 907-3268
Principal Officer info
Scott Koloms
findCRA Profile Owner
Ben Smock
Director of Development
bensmock@canopyky.org
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-12.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.