Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
Minority Economic Development Initiative of Western Kentucky Inc.
990EZ • Fiscal year 2017 • EIN 26-3734194
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.73x
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
42nd percentile
Higher net margin than 42% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$251,112
No earlier filing loaded for comparison.
Net Assets
$67,476
No earlier filing loaded for comparison.
Liabilities
$183,636
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$91,522
No earlier filing loaded for comparison.
Expenses
$91,354
No earlier filing loaded for comparison.
Net Income
$168
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2016 to Jun 30, 2017
- Signed
- Nov 15, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $91,522
Mission and Program Overview
Mission
The mission of medi is to provide educational opportunities to small and minority entrepreneurs and foster an environment conducive to success.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| MEDI USED FUNDS TO ACHEIVE PROGRAM SERVICES INCLUDING: ENTREPRENEURIAL TRAINING, LOAN ASSISTANCE, BUSINESS PLAN DEVELOPMENT, NEW JOB CREATION. | - | $91,354 |
| MEDI USED FUNDS TO ACHEIVE PROGRAM SERVICES INCLUDING: ENTREPRENEURIAL TRAINING, LOAN ASSISTANCE, BUSINESS PLAN DEVELOPMENT, NEW JOB CREATION. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| NORRIS KENNEDY | Chairperson | - | $0 | - | - |
| SARA SHEPHERD | Secretary | - | $0 | - | - |
| WALTER CUMMINGS | Treasurer | - | $0 | - | - |
| JODY HART | Director | - | $0 | - | - |
| TOM BELL | Director | - | $0 | - | - |
| STEVE TRIBBLE | Director | - | $0 | - | - |
| CARTER HENDRICKS | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Minority Economic Development
- EIN
- 26-3734194
- Address
- 521 WEBER STREET, HOPKINSVILLE, KY 42240
Signing Officer
- Name
- Walter Cummings
- Title
- Treasurer
- Signed
- 2017-11-15
Preparer
- Preparer
- Walter G Cummings CPA
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses promotions 705 bank charges 441 travel 3,035 meals 2,638 conferences & seminars 820 medi banquet 6,237 insurance 1,123 total 14,999”
Form 990-ez, Part II, Line 24
“Accounts receivable 153,875 153,790 total 153,875 153,790”
Form 990-ez, Part II, Line 26
“Micro loans 215,457 183,357 payroll liabilities 1,604 279”
Form 990-ez, Part III
“The mission of medi is to provide educational opportunities to small and minority entrepreneurs and foster an environment conducive to success.”
Form 990-ez, Part III, Line 31
“Medi used funds to acheive program services including: entrepreneurial training, loan assistance, business plan development, new job creation.”
Raw XML Appendix156 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | CHRISTIAN COUNTY TREASURER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2708874103 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 521 WEBER STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | HOPKINSVILLE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | KY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 42240 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 130494 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 97322 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 85979 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 168 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 49871 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 284369 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 251112 |
| IRS990EZ/GrossReceiptsAmt | 0 | 91522 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 5053 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 67308 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 67476 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 67308 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 67476 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 6546 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | NORRIS KENNEDY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | SARA SHEPHERD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | WALTER CUMMINGS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JODY HART |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | TOM BELL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | STEVE TRIBBLE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | CARTER HENDRICKS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CHAIRPERSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 153875 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 153790 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 14999 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE MISSION OF MEDI IS TO PROVIDE EDUCATIONAL OPPORTUNITIES TO SMALL AND MINORITY ENTREPRENEURS AND FOSTER AN ENVIRONMENT CONDUCIVE TO SUCCESS. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 2571 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 490 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | MEDI USED FUNDS TO ACHEIVE PROGRAM SERVICES INCLUDING: ENTREPRENEURIAL TRAINING, LOAN ASSISTANCE, BUSINESS PLAN DEVELOPMENT, NEW JOB CREATION. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | MEDI USED FUNDS TO ACHEIVE PROGRAM SERVICES INCLUDING: ENTREPRENEURIAL TRAINING, LOAN ASSISTANCE, BUSINESS PLAN DEVELOPMENT, NEW JOB CREATION. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 91354 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 17367 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 217061 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 183636 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 91354 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 91354 |
| IRS990EZ/TotalRevenueAmt | 0 | 91522 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 85979 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 77696 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 103502 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 69662 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 146800 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 483639 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 5543 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 5639 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 7325 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 17379 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 3525 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 39411 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 523050 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 91522 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 83335 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 110827 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 87041 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 150325 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 523050 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 91522 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 83335 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 110827 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 87041 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 150325 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 523050 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES PROMOTIONS 705 BANK CHARGES 441 TRAVEL 3,035 MEALS 2,638 CONFERENCES & SEMINARS 820 MEDI BANQUET 6,237 INSURANCE 1,123 TOTAL 14,999 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS RECEIVABLE 153,875 153,790 TOTAL 153,875 153,790 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MICRO LOANS 215,457 183,357 PAYROLL LIABILITIES 1,604 279 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE MISSION OF MEDI IS TO PROVIDE EDUCATIONAL OPPORTUNITIES TO SMALL AND MINORITY ENTREPRENEURS AND FOSTER AN ENVIRONMENT CONDUCIVE TO SUCCESS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | MEDI USED FUNDS TO ACHEIVE PROGRAM SERVICES INCLUDING: ENTREPRENEURIAL TRAINING, LOAN ASSISTANCE, BUSINESS PLAN DEVELOPMENT, NEW JOB CREATION. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2018-03-14 21:41:22Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | WALTER CUMMINGS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MINORITY ECONOMIC DEVELOPMENT |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | INITIATIVE OF WESTERN KY INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MINO |
| ReturnHeader/Filer/EIN | 0 | 263734194 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 521 WEBER STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | HOPKINSVILLE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | KY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 42240 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 74E2F59BAD8C7455383966CBD4B3F2E29783587C |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 74E2F59BAD8C7455383966CBD4B3F2E29783587C |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2017-11-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | WALTER G CUMMINGS CPA |
| ReturnHeader/ReturnTs | 0 | 2017-11-15T20:03:43-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-06-30 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $251,112
- Liabilities
- $183,636
- Net assets
- $67,476
- Revenue
- $91,522
- Expenses
- $91,354
- Net income
- $168