Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
Minority Economic Development Initiative of Western Kentucky Inc.
990EZ • Fiscal year 2020 • EIN 26-3734194
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.03x
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
9th percentile
Higher net margin than 9% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
24th percentile
Faster asset growth than 24% of similar nonprofits.
Revenue Growth
47th percentile
Faster revenue growth than 47% of similar nonprofits.
Balance Sheet
Assets
Down$163,658
Down $87,454 (-35%) from 2017
Net Assets
Down-$4,490
Down $71,966 (-107%) from 2017
Liabilities
Down$168,148
Down $15,488 (-8.4%) from 2017
Revenue And Expenses
Revenue
Down$53,174
Down $38,348 (-42%) from 2017
Expenses
Up$93,177
Up $1,823 (+2.0%) from 2017
Net Income
Down-$40,003
Down $40,171 (-23911%) from 2017
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2019 to Jun 30, 2020
- Signed
- May 14, 2021
- Return Version
- 2019v5.0
- Gross Receipts
- $53,174
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. | - | $93,177 |
| 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
- 2021-05-14
Preparer
- Firm
- Duguid Gentry & Associates Psc
- Address
- 4443 CANTON PIKE ST, HOPKINSVILLE, KY 42240-2365
- Preparer
- Walter Cummings CPA
- Phone
- 2708866355
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses promotions 726 bank charges 213 dues & subscriptions 846 travel 468 meals 1,585 event expense 4,149 insurance 865 bad debts micro loans 581 repairs 213 mileage 375 software 625 miscellaneous 26,403 total 37,049”
Form 990-ez, Part I, Line 20
“-990”
Form 990-ez, Part II, Line 24
“Accounts receivable 15,918 13,695 total 15,918 13,695”
Form 990-ez, Part II, Line 26
“Micro loans 169,100 167,293 payroll liabilities 529 855”
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 Appendix163 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 | 190214 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 149963 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 52762 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -40003 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 42400 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 206132 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 163658 |
| IRS990EZ/GrossReceiptsAmt | 0 | 53174 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 412 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 36503 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -4490 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 36503 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -4490 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 2746 |
| 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 | 15918 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 13695 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -990 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 37049 |
| 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 | 1903 |
| 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 | 93177 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 9079 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 169629 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 168148 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 93177 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 93177 |
| IRS990EZ/TotalRevenueAmt | 0 | 53174 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 52762 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 98311 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 69181 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 85979 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 77696 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 383929 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 412 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 3043 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 5802 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 5543 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 5639 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 20439 |
| 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 | 404368 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 53174 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 101354 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 74983 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 91522 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 83335 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 404368 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 53174 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 101354 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 74983 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 91522 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 83335 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 404368 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES PROMOTIONS 726 BANK CHARGES 213 DUES & SUBSCRIPTIONS 846 TRAVEL 468 MEALS 1,585 EVENT EXPENSE 4,149 INSURANCE 865 BAD DEBTS MICRO LOANS 581 REPAIRS 213 MILEAGE 375 SOFTWARE 625 MISCELLANEOUS 26,403 TOTAL 37,049 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | -990 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS RECEIVABLE 15,918 13,695 TOTAL 15,918 13,695 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | MICRO LOANS 169,100 167,293 PAYROLL LIABILITIES 529 855 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE MISSION OF MEDI IS TO PROVIDE EDUCATIONAL OPPORTUNITIES TO SMALL AND MINORITY ENTREPRENEURS AND FOSTER AN ENVIRONMENT CONDUCIVE TO SUCCESS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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 I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | WALTER CUMMINGS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-05-14 |
| 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/PreparerFirmGrp/PreparerFirmEIN | 0 | 611104110 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DUGUID GENTRY & ASSOCIATES PSC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 4443 CANTON PIKE ST |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | HOPKINSVILLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | KY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 422402365 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2708866355 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2021-05-17 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | WALTER CUMMINGS CPA |
| ReturnHeader/ReturnTs | 0 | 2021-05-17T14:20:04-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-06-30 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $163,658
- Liabilities
- $168,148
- Net assets
- -$4,490
- Revenue
- $53,174
- Expenses
- $93,177
- Net income
- -$40,003