464 Chenault Rd
Frankfort KY 40601
Contact Information
Address 464 Chenault Rd
Frankfort, KY 40601
Phone (502) 8488743
Fax 502 6955051
Contact Name Harper Smith
Web and Social Media
Through the Leadership Institute for School Principals, a cohort of principals come together to participate in workshops at the Kentucky Chamber in Frankfort and at the Center for Creative Leadership in North Carolina.
At A Glance
IRS Ruling Year 1997
Other ways to donate, support, or volunteer If you'd like to support a selected elementary, middle or high school principal (public or private) in your area by helping us send him/her through executive level leadership training, you may mail a donation to Leadership Institute for School Principals, 464 Chenault Rd., Frankfort, KY,  40601. Want to support a specific principal or region of the state? Call us to make a donation at 502-848-8743. 
Financial Summary
Revenue vs Expenses - All Years
Expense Breakdown - Recent Year
Background Statement Much like the CEO of a business, a school principal is responsible for everything that happens in his or her building. But principals' most important work is making sure students achieve at the highest possible levels - giving them the best foundation for success later in life. That means teachers and other team members in a school building must be focused on the same goal … and that requires strong leadership from the top. Research has shown that effective leaders have a positive impact on student and school performance, but Kentucky's principals have limited opportunities to receive the high-end training that is of such great value to leaders in the business community. That is why the Kentucky Chamber Foundation started the Leadership Institute for School Principals - offering school leaders executive-level leadership training unmatched anywhere in the state. The Leadership Institute for School Principals delivers cutting-edge training to help Kentucky principals: Build a high-performance cultureInfluence others to ensure student successExplore how knowledge of individual strengths and developmental needs can produce positive outcomes for students, schools and communitiesPractice new behaviors for positive results And thanks to donations from individuals, businesses and communities, the program is free for participants.
Impact Statement The Kentucky Chamber Foundation's primary program, The Leadership Institute for School Principals, has raised more than $2 million over the last 5 years to send more than 200 new Kentucky school principals through executive level leadership training at no cost to them.
Needs Statement More than 100 principals find themselves in this new role in Kentucky schools each year many from proven classroom success, but limited training in management and leadership.
Service Categories
Secondary Organization Category Education / Elementary & Secondary Schools
Geographic Areas Served
Impact Questions
GoalsHelpWhat is the organization aiming to accomplish? This is the organization's ultimate goal for intended impact. The Kentucky Chamber Foundation's Leadership Institute for School Principals aims to provide executive level leadership training to more than 100 Kentucky school principals annually with the ultimate goal of improving school culture and student success in both public and private Kentucky K-12 schools.
StrategiesHelpWhat are the organization's strategies for its stated long-term goals? The Kentucky Chamber Foundation engaged the highly regarded Center for Creative Leadership to provide year-long leadership training for school principals, including a 360 review, a personal coach and three, two-day in person group sessions.
CapabilitiesHelpWhat are the organization’s capabilities for doing this? What resources, capacities, and connections support its progress towards long-term goals? The Center for Creative Leadership was selected from a list of nationally recognized executive training institutes by Kentucky business leaders for its ability to provide high-level training specifically crafted for educators.
IndicatorsHelpHow will the organization know if it is making progress? What are the key qualitative and quantitative indicators against which the organization assesses its progress toward its intended impact? The Kentucky Chamber Foundation reviewed both subjective (participant evaluations) and data driven (Kentucky education indicators) for impact during the first three years of the program and will continue to measure impact moving forward.
ProgressHelpWhat has and hasn’t been accomplished so far? Research showed an improvement in 4th grade reading and math scores after three years at schools with participating principals, as well as improved high school graduation rates. Impact was not yet seen in middle schools with participating principals, a student population that is traditionally harder to affect. Given additional funding, the Leadership Institute board of directors hopes to evaluate changing school culture using a more in depth method.
Board Chair
Board Chair Ms. Diedre Lyons
Company Affiliation Alltech
Term Oct 2015 to Sept 2016
Board Members
Mr. Dave AdkissonKentucky Chamber of CommerceVoting
Mr. Malcolm BryantMalcolm Bryant CorporationVoting
Mr. Rusty CheuvrontBrown FormanVoting
Ms. Paula HansonDean DortonVoting
Mr. Joel HopperBrenntag Mid-South, Inc.Voting
Ms. Elizabeth McCoyPlanters BankVoting
Mr. Greg PauleyKentucky PowerVoting
Board Demographics - Ethnicity. Add number
Asian American/Pacific Islander 0
Caucasian 8
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 5
Female 3
Unspecified 0
Board Term Lengths 1
Board Term Limits 0
Board Meeting Attendance % 100%
Written Board Selection Criteria? Yes
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 100%
Number of Full Board Meetings Annually 4
CEO/Executive Director
Executive Director Mr. Dave Adkisson
Term Start Mar 2005
Experience Dave Adkisson has more than 20 years of chamber experience, focusing on education improvement, economic development and workforce policy.
Full Time Staff 1
Part Time Staff 0
Volunteers 0
Contractors 1
Retention Rate 100%
Management Reports to Board? Yes
Staff Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 1
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Staff Demographics - Gender
Male 1
Female 0
Unspecified 0
Formal Evaluations
CEO Formal Evaluation Yes
CEO/Executive Formal Evaluation Frequency Annually
Senior Management Formal Evaluation N/A
Senior Management Formal Evaluation Frequency N/A
NonManagement Formal Evaluation N/A
Non Management Formal Evaluation Frequency N/A
CEO Comments The Kentucky Chamber Foundation is staffed by a Kentucky Chamber of Commerce employee, thus he follows Kentucky Chamber policies, including nondiscrimination outlined in the Personnel Handbook already attached.
Description The primary program of The Kentucky Chamber Foundation, the Leadership Institute for School Principals provides executive level leadership to selected Kentucky school principals at no cost to the participants, a $9,000 professional development opportunity. 
Budget 468000
Category Education, General/Other Elementary & Secondary Education
Plans & Policies
Organization has a Fundraising Plan? No
Organization has a Strategic Plan? No
Management Succession Plan? No
Organization Policy and Procedures Yes
Nondiscrimination Policy Yes
Whistleblower Policy Yes
Document Destruction Policy Yes
Government Licenses
Is your organization licensed by the Government? No
Revenue vs Expenses - All Years
Expense Breakdown - Recent Year
Fiscal Year
Fiscal Year Start Oct 01, 2015
Fiscal Year End Sept 30, 2016
Projected Revenue $677,900.00
Projected Expenses $572,000.00
Spending Policy Income Only
Detailed Financials
Revenue and ExpensesHelpFinancial data for prior years is entered by foundation staff based on the documents submitted by nonprofit organizations.Foundation staff members enter this information to assure consistency in the presentation of financial data across all organizations.
Fiscal Year201520142013
Total Revenue$348,460$247,716$364,977
Total Expenses$388,670$534,138$590,511
Revenue Less Expenses($40,210)($286,422)($225,534)
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available). Revenue from foundations and corporations may be included in individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
Government Contributions$0$0$0
Individual Contributions$336,693$247,401$364,800
Investment Income, Net of Losses$526$315$177
Membership Dues--$0$0
Special Events--$0$0
Revenue In-Kind--$0$0
Expense Allocation
Fiscal Year201520142013
Program Expense$388,670$534,138$525,943
Administration Expense--$0$64,568
Fundraising Expense--$0$0
Payments to Affiliates------
Total Revenue/Total Expenses0.900.460.62
Program Expense/Total Expenses100%100%89%
Fundraising Expense/Contributed Revenue------
Assets and Liabilities
Fiscal Year201520142013
Total Assets$360,065$484,217$703,301
Current Assets$355,388$484,217$703,301
Long-Term Liabilities$101,095$122,502$123,858
Current Liabilities$10,795$73,330$4,636
Total Net Assets$248,175$288,385$574,807
Capital Campaign
Currently in a Capital Campaign? No
State Registration Yes
CEO Comments The Kentucky Chamber Foundation is part of a combined financial audit of the Kentucky Chamber of Commerce annually, but is not currently audited independently.
Address 464 Chenault Rd
Frankfort, KY 40601
Primary Phone 502 8488743
Contact Email
CEO/Executive Director Mr. Dave Adkisson
Board Chair Ms. Diedre Lyons
Board Chair Company Affiliation Alltech