Civic Intelligence

Knox Regional Development Alliance Inc.

990 • Fiscal year 2019 • EIN 20-8105293

Jan 01, 2019 to Dec 31, 2019 • Filed on Jan 24, 2020

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

40th percentile

0.01x

Higher debt load relative to assets than 40% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

42nd percentile

0.01x

Higher debt load relative to revenue than 42% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

87th percentile

38%

Higher net margin than 87% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

94th percentile

$150,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 34.3% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

84th percentile

34%

Faster asset growth than 84% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

47th percentile

2.5%

Faster revenue growth than 47% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$674,829

Up $170,897 (+34%) from 2018

Net Assets

Up

$668,908

Up $164,976 (+33%) from 2018

Liabilities

Up

$5,921

Up $5,921 from 2018

Revenue

Up

$437,840

Up $10,680 (+2.5%) from 2018

Expenses

Down

$272,864

Down $56,827 (-17%) from 2018

Net Income

Up

$164,976

Up $67,507 (+69%) from 2018

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

2019

Assets$674,829
Liabilities$5,921
Net Assets$668,908

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

2019

Revenue$437,840
Expenses$272,864
Net Income$164,976
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jan 24, 2020
Return Version
2019v5.0
Gross Receipts
$437,840
Mission and Program Overview

Mission

Community education and economic development

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$503,932$668,908▲ $164,976
Cash and Non-Interest-Bearing Accounts$502,492$522,085▲ $19,593
Savings and Temporary Cash Investments-$152,121-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$503,932$674,829▲ $170,897
Other Assets Total$1,440$623▼ $817
Liabilities
Other Liabilities$0$5,921▲ $5,921
Total Liabilities$0$5,921▲ $5,921
Net Assets / Fund Balance
Total Net Assets Fund Balance$503,932$668,908▲ $164,976
Total Liabilities and Net Assets / Fund Balance$503,932$674,829▲ $170,897
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jim IacoccaPresident/CEOFT$150,000$150,000

Board Members and Trustees

NameTitle
Ray SpringsteenBoard Chairman
John TindallBoard Vice Chairman
Allison WilloughbyDirector
Ben LarueDirector
Bill BarronDirector
Brad RichardsonDirector
Brian KerrDirector
Carl CorneliusDirector
Carl SwopeDirector
Chris OrdwayDirector
Darin LogsdonDirector
Dennis JohnsonDirector
Don WiseDirector
Gerry LynnDirector
Harry BerryDirector
Jeff GregoryDirector
Jerry SummersDirector
Jim FugitteDirector
Jj DuvallDirector
Joe StewartDirector
Joseph K CrossDirector
Ken DozerDirector
Luke SchmidtDirector
Pam OgdenDirector
Steven BullardDirector
Marilyn FordSecretary
Keith JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$433,422
Program Service Revenue
$0
Investment Income
$4,418
Other Revenue
$0
All Other Contributions
$343,422
Change in Net Assets
$164,976
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$202,341
Other Expenses$70,523
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$150,000--$150,000
Advertising$20,174$20,174-$40,348
Other Salaries and Wages$37,500--$37,500
Payroll Taxes$13,333--$13,333
Fees for Services Accounting$7,200--$7,200
Occupancy$6,707--$6,707
Travel$5,803--$5,803
Insurance$3,969--$3,969
Other Employee Benefits$1,508--$1,508
Office Expenses$1,134--$1,134
All Other Expenses$136--$136
Other Expenses$100$1,130-$100
Total Functional Expenses$251,560$21,304$0$272,864
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$5,921
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
2020-01-24
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
0

Preparer

Firm
Sca Cpas and Advisors Pllc
Address
2901 RING ROAD, ELIZABETHTOWN, KY 42701
Preparer
Sarah Durham
Phone
2707696371
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
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/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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/GovernmentGrantsAmt090000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0437840
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt026
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt03969
IRS990/InsuranceGrp/TotalAmt03969
IRS990/InvestmentIncomeGrp/ExclusionAmt04418
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04418
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
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/NetAssetsOrFundBalancesBOYAmt0503932
IRS990/NetAssetsOrFundBalancesEOYAmt0668908
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt06707
IRS990/OccupancyGrp/TotalAmt06707
IRS990/OfficeExpensesGrp/ProgramServicesAmt01134
IRS990/OfficeExpensesGrp/TotalAmt01134
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01440
IRS990/OtherAssetsTotalGrp/EOYAmt0623
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01508
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01508
IRS990/OtherExpensesGrp/Desc0TELEPHONE
IRS990/OtherExpensesGrp/Desc1DUES
IRS990/OtherExpensesGrp/Desc2EQUIPMENT RENTAL AND MA
IRS990/OtherExpensesGrp/Desc3POSTAGE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01130
IRS990/OtherExpensesGrp/ProgramServicesAmt03444
IRS990/OtherExpensesGrp/ProgramServicesAmt1552
IRS990/OtherExpensesGrp/ProgramServicesAmt2100
IRS990/OtherExpensesGrp/TotalAmt03444
IRS990/OtherExpensesGrp/TotalAmt11130
IRS990/OtherExpensesGrp/TotalAmt2552
IRS990/OtherExpensesGrp/TotalAmt3100
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt05921
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt037500
IRS990/OtherSalariesAndWagesGrp/TotalAmt037500
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt013333
IRS990/PayrollTaxesGrp/TotalAmt013333
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JIM IACOCCA
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0424378
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02782
IRS990/PYOtherExpensesAmt096937
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt097469
IRS990/PYSalariesCompEmpBnftPaidAmt0232754
IRS990/PYTotalExpensesAmt0329691
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0427160
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0164976
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0437840
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0503932
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0668908
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0152121
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/CurrentTaxYearAmt0433422
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0424378
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0446236
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0405645
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt048300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01757981
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04418
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02782
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt044
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0306
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07557
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.81290
IRS990ScheduleA/PublicSupportPY170Pct00.80450

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2019Detailed filing. Detailed filing data is available for this year.$6.75$0.06$6.69$4.38$2.73$1.65
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $500k-$1M nonprofits