Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Minority Economic Development Initiative of Western Kentucky Inc.
990EZ • Fiscal year 2023 • EIN 26-3734194
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.84x
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
32nd percentile
Higher net margin than 32% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
38th percentile
Faster asset growth than 38% of similar nonprofits.
Revenue Growth
61st percentile
Faster revenue growth than 61% of similar nonprofits.
Balance Sheet
Assets
Down$170,655
Down $8,718 (-4.9%) from 2022
Net Assets
Down$26,452
Down $3,591 (-12%) from 2022
Liabilities
Down$144,203
Down $5,127 (-3.4%) from 2022
Revenue And Expenses
Revenue
Up$61,573
Up $7,960 (+15%) from 2022
Expenses
Up$65,164
Up $13,494 (+26%) from 2022
Net Income
Down-$3,591
Down $5,534 (-285%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- May 14, 2024
- Return Version
- 2022v5.0
- Gross Receipts
- $61,573
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. | - | $65,164 |
| 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 |
|---|---|---|---|---|---|
| WALTER CUMMINGS | Treasurer | - | $0 | - | - |
| KATE RUSSELL | Chairperson | - | $0 | - | - |
| WENDEL LYNCH | Director | - | $0 | - | - |
| STEVE TRIBBLE | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Minority Economic Development
- EIN
- 26-3734194
- Address
- 1101 S MAIN ST STE 101, HOPKINSVILLE, KY 42240
Signing Officer
- Name
- Walter Cummings
- Title
- Treasurer
- Signed
- 2024-05-14
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 marketing public relations 1,585 bank charges 5 dues & subscriptions 632 software expense 979 office equipment 1,224 meals 1,946 event expense 7,143 conferences 862 insurance 502 miscellaneous 156 bad debts 2,821 total 17,855”
Form 990-ez, Part II, Line 24
“Accounts receivable 11,988 2,708 total 11,988 2,708”
Form 990-ez, Part II, Line 26
“Micro loans 149,330 144,203”
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 Appendix149 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 | 167385 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 167947 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 58007 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -3591 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 42005 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 179373 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 170655 |
| IRS990EZ/GrossReceiptsAmt | 0 | 61573 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 636 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 30043 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 26452 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 30043 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 26452 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 3977 |
| 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/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | WALTER CUMMINGS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | KATE RUSSELL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | WENDEL LYNCH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | STEVE TRIBBLE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | CHAIRPERSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 11988 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 2708 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 17855 |
| 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 | 1327 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 2930 |
| 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 | 65164 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 149330 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 144203 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 65164 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 65164 |
| IRS990EZ/TotalRevenueAmt | 0 | 61573 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 58007 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 53182 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 52762 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 98311 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 262262 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 636 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 431 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 412 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 3043 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 4522 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt | 0 | 2930 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt | 0 | 2930 |
| 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 | 269714 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 61573 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 53613 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 53174 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 101354 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 269714 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 61573 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 53613 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 53174 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 101354 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 269714 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES MARKETING PUBLIC RELATIONS 1,585 BANK CHARGES 5 DUES & SUBSCRIPTIONS 632 SOFTWARE EXPENSE 979 OFFICE EQUIPMENT 1,224 MEALS 1,946 EVENT EXPENSE 7,143 CONFERENCES 862 INSURANCE 502 MISCELLANEOUS 156 BAD DEBTS 2,821 TOTAL 17,855 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS RECEIVABLE 11,988 2,708 TOTAL 11,988 2,708 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MICRO LOANS 149,330 144,203 |
| 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 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | WALTER CUMMINGS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-05-14 |
| 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 | 1101 S MAIN ST STE 101 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | HOPKINSVILLE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | KY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 42240 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| 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 | 2024-05-14 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | WALTER CUMMINGS CPA |
| ReturnHeader/ReturnTs | 0 | 2024-05-15T17:57:25-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | WALTER |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | CUMMINGS |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-06-30 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $170,655
- Liabilities
- $144,203
- Net assets
- $26,452
- Revenue
- $61,573
- Expenses
- $65,164
- Net income
- -$3,591