Civic Intelligence

Knox Regional Development Alliance Inc.

990 • Fiscal year 2018 • EIN 20-8105293

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

PO Box 1621Elizabethtown, KY 42701

(270) 351-8800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

79th percentile

23%

Higher net margin than 79% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

94th percentile

$150,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 35.1% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

80th percentile

24%

Faster asset growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

32nd percentile

-4.3%

Faster revenue growth than 32% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$503,932

Up $96,713 (+24%) from 2017

Net Assets

Up

$503,932

Up $97,469 (+24%) from 2017

Liabilities

Down

$0

Down $756 (-100%) from 2017

Revenue

Down

$427,160

Down $19,083 (-4.3%) from 2017

Expenses

Up

$329,691

Up $124,174 (+60%) from 2017

Net Income

Down

$97,469

Down $143,257 (-60%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2010: $97,124Net Assets 2010: $97,1242010Assets 2011: $102,015Liabilities 2011: $02011Assets 2012: $97,144Net Assets 2012: $97,1442012Assets 2013: $87,461Liabilities 2013: $02013Assets 2014: $81,632Liabilities 2014: $02014Assets 2015: $52,223Liabilities 2015: $0Net Assets 2015: $52,2232015Assets 2016: $165,737Liabilities 2016: $0Net Assets 2016: $165,7372016Assets 2017: $407,219Liabilities 2017: $756Net Assets 2017: $406,4632017Assets 2018: $503,932Liabilities 2018: $0Net Assets 2018: $503,9322018Assets 2019: $674,829Liabilities 2019: $5,921Net Assets 2019: $668,9082019Assets 2020: $780,468Liabilities 2020: $8,793Net Assets 2020: $771,6752020Assets 2021: $850,250Liabilities 2021: $9,506Net Assets 2021: $840,7442021Assets 2022: $865,885Liabilities 2022: $2,750Net Assets 2022: $863,1352022Assets 2023: $876,022Liabilities 2023: $2,750Net Assets 2023: $873,2722023

Highlighted filing

2018

Assets$503,932
Liabilities$0
Net Assets$503,932

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2010: $60,832Expenses 2010: $64,941Net Income 2010: -$4,1092010Revenue 2011: $70,794Expenses 2011: $65,903Net Income 2011: $4,8912011Revenue 2012: $59,862Expenses 2012: $64,733Net Income 2012: -$4,8712012Revenue 2013: $54,336Expenses 2013: $64,019Net Income 2013: -$9,6832013Revenue 2014: $61,159Expenses 2014: $66,988Net Income 2014: -$5,8292014Revenue 2015: $48,606Expenses 2015: $78,015Net Income 2015: -$29,4092015Revenue 2016: $405,689Expenses 2016: $292,175Net Income 2016: $113,5142016Revenue 2017: $446,243Expenses 2017: $205,517Net Income 2017: $240,7262017Revenue 2018: $427,160Expenses 2018: $329,691Net Income 2018: $97,4692018Revenue 2019: $437,840Expenses 2019: $272,864Net Income 2019: $164,9762019Revenue 2020: $444,700Expenses 2020: $341,933Net Income 2020: $102,7672020Revenue 2021: $403,999Expenses 2021: $334,930Net Income 2021: $69,0692021Revenue 2022: $359,738Expenses 2022: $337,347Net Income 2022: $22,3912022Revenue 2023: $349,328Expenses 2023: $339,191Net Income 2023: $10,1372023

Highlighted filing

2018

Revenue$427,160
Expenses$329,691
Net Income$97,469
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$427,160
Mission and Program Overview

Mission

Community education and economic development

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$406,463$503,932▲ $97,469
Cash and Non-Interest-Bearing Accounts$406,979$502,492▲ $95,513
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$407,219$503,932▲ $96,713
Other Assets Total$240$1,440▲ $1,200
Liabilities
Other Liabilities$756$0▼ $756
Total Liabilities$756$0▼ $756
Net Assets / Fund Balance
Total Net Assets Fund Balance$406,463$503,932▲ $97,469
Total Liabilities and Net Assets / Fund Balance$407,219$503,932▲ $96,713
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jim IacoccaPresident/CEOFT$150,000$150,000
Bill BarronDirectorFT$72,000$72,000

Board Members and Trustees

NameTitle
Ray SpringsteenBoard Chairman
John TindallBoard Vice Chairman
Allison WilloughbyDirector
Blaine HedgesDirector
Blake ProffittDirector
Brad RichardsonDirector
Brian KerrDirector
Carl CorneliusDirector
Carl SwopeDirector
Chris OrdwayDirector
Dennis JohnsonDirector
Don WiseDirector
Edna BergerDirector
Gerry LynnDirector
Harry BarryDirector
Jim FugitteDirector
Joseph K CrossDirector
Joseph MarkhamDirector
Ken DozerDirector
Leigh Ann LuskDirector
Luke SchmidtDirector
Marilyn FordDirector
Mike WeaverDirector
Terry BennettCounsel
Beth AverySecretary
Keith JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$424,378
Program Service Revenue
$0
Investment Income
$2,782
Other Revenue
$0
All Other Contributions
$332,378
Change in Net Assets
$97,469
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$232,754
Other Expenses$96,937
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$222,000--$222,000
Advertising$21,557$21,557-$43,114
Fees for Services Other-$16,666-$16,666
Payroll Taxes$10,225--$10,225
Travel$9,929--$9,929
Fees for Services Accounting$8,050--$8,050
Occupancy$5,756--$5,756
Insurance$3,820--$3,820
Office Expenses$938--$938
Other Salaries and Wages$529--$529
Other Expenses$473$490-$473
All Other Expenses$307--$307
Total Functional Expenses$290,978$38,713$0$329,691
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 was circulated to the board for review via secure email. Questions and comments were sought from the board before submitting the return electronically. Form 990 was presented to the board for review.

Form 990, Part VI, Section B, Line 12C

Annually all board members are advised of their duty to disclose the existence of actual or possible financial relationships which may represent a conflict of interest to any of the organization's activities.

Form 990, Part VI, Section B, Line 15A

The executive committee of the board of directors is responsible for setting compensation for all employees and contractors after considering all relevant facts and circumstances in connection with the position. Any voting member of the committee who received compensation is precluded from participation in the discussion and decision.

Form 990, Part VI, Section C, Line 19

Furnished as requested. No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Knox Regional Development Alliance Inc
EIN
20-8105293
Phone
2703518800
Address
PO BOX 1621, ELIZABETHTOWN, KY 42701

Signing Officer

Name
Keith Johnson
Title
Treasurer
Phone
2703518800
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Iacocca
Formed
1990
Legal Domicile
Ky
Voting Board Members
28
Independent Board Members
26
Employees
2
Volunteers
26

Preparer

Firm
Stiles Carter and Associates Psc
Address
2901 RING ROAD, ELIZABETHTOWN, KY 42701
Preparer
Sarah Durham
Phone
2707696371
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01990
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt028
IRS990/GovernmentGrantsAmt092000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0427160
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt026
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt03820
IRS990/InsuranceGrp/TotalAmt03820
IRS990/InvestmentIncomeGrp/ExclusionAmt02782
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02782
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0KY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0COMMUNITY EDUCATION AND ECONOMIC DEVELOPMENT
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0406463
IRS990/NetAssetsOrFundBalancesEOYAmt0503932
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt05756
IRS990/OccupancyGrp/TotalAmt05756
IRS990/OfficeExpensesGrp/ProgramServicesAmt0938
IRS990/OfficeExpensesGrp/TotalAmt0938
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0240
IRS990/OtherAssetsTotalGrp/EOYAmt01440
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TELEPHONE
IRS990/OtherExpensesGrp/Desc1EQUIPMENT RENTAL AND MA
IRS990/OtherExpensesGrp/Desc2DUES
IRS990/OtherExpensesGrp/Desc3MISC
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0490
IRS990/OtherExpensesGrp/ProgramServicesAmt04065
IRS990/OtherExpensesGrp/ProgramServicesAmt13329
IRS990/OtherExpensesGrp/ProgramServicesAmt2473
IRS990/OtherExpensesGrp/TotalAmt04065
IRS990/OtherExpensesGrp/TotalAmt13329
IRS990/OtherExpensesGrp/TotalAmt2490
IRS990/OtherExpensesGrp/TotalAmt3473
IRS990/OtherLiabilitiesGrp/BOYAmt0756
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0529
IRS990/OtherSalariesAndWagesGrp/TotalAmt0529
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt010225
IRS990/PayrollTaxesGrp/TotalAmt010225
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JIM IACOCCA
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0446236
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07
IRS990/PYOtherExpensesAmt094044
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0240726
IRS990/PYSalariesCompEmpBnftPaidAmt099095
IRS990/PYTotalExpensesAmt0205517
IRS990/PYTotalProfFndrsngExpnsAmt012378
IRS990/PYTotalRevenueAmt0446243
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt097469
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0427160
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0406463
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0503932
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0TO SUPPORT AND REINFORCE MILITARY ACTIVITIES AT FORT KNOX, KY, TO RETAIN, SUPPORT, AND INCREASE MISSIONS AT FORT KNOX AS A MEANS OF ECONOMIC DEVELOPMENT, AND SUPPORT OF AND EDUCATION ON VETERAN PROGRAMS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc001. QUALIFIES FOR PUBLIC CHARITY STATUS MULTIPLE REASONS
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0424378
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0446236
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0405645
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt048300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt060600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01385159
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02782
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt07
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt044
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0306
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0559
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03698
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.80450
IRS990ScheduleA/PublicSupportPY170Pct00.71980
IRS990ScheduleA/PublicSupportTotal170Amt01117375
IRS990ScheduleA/SubstantialContributorsTotAmt0267784
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$8.76$0.03$8.73$3.49$3.39$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.66$0.03$8.63$3.60$3.37$0.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.50$0.10$8.41$4.04$3.35$0.69
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.80$0.09$7.72$4.45$3.42$1.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.75$0.06$6.69$4.38$2.73$1.65
2018Detailed filing. Detailed filing data is available for this year.$5.04$0.00$5.04$4.27$3.30$0.97
2017Summary only. Only limited summary data is available for this year.$4.07$0.01$4.06$4.46$2.06$2.41
2016Summary only. Only limited summary data is available for this year.$1.66$0.00$1.66$4.06$2.92$1.14
2015Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.49$0.78$0.29
2014Summary only. Only limited summary data is available for this year.$0.82$0.00$0.61$0.67$0.06
2013Summary only. Only limited summary data is available for this year.$0.87$0.00$0.54$0.64$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.97$0.60$0.65$0.05
2011Summary only. Only limited summary data is available for this year.$1.02$0.00$0.71$0.66$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.97$0.61$0.65$0.04