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 2024 • EIN 26-3734194
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.92x
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
18th percentile
Higher net margin than 18% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
30th percentile
Faster asset growth than 30% of similar nonprofits.
Revenue Growth
59th percentile
Faster revenue growth than 59% of similar nonprofits.
Balance Sheet
Assets
Down$149,415
Down $21,240 (-12%) from 2023
Net Assets
Down$11,838
Down $14,614 (-55%) from 2023
Liabilities
Down$137,577
Down $6,626 (-4.6%) from 2023
Revenue And Expenses
Revenue
Up$67,691
Up $6,118 (+9.9%) from 2023
Expenses
Up$82,305
Up $17,141 (+26%) from 2023
Net Income
Down-$14,614
Down $11,023 (-307%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- May 15, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $67,691
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. | - | $82,305 |
| 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 | - | - |
| REGINALD DAVIS | Director | - | $0 | - | - |
| DEREK POOR | Director | - | $0 | - | - |
| THERESA WHITE | Director | - | $0 | - | - |
| CHESTER CRUMP | Director | - | $0 | - | - |
| TERRANCE CRUMP | Director | - | $0 | - | - |
| JIMMY LANCASTER | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Minority Economic Development
- EIN
- 26-3734194
- Address
- 1101 S MAIN ST, HOPKINSVILLE, KY 42240
Signing Officer
- Name
- Walter Cummings
- Title
- Treasurer
- Signed
- 2025-05-15
Preparer
- Firm
- Dga 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 bank charges 421 dues & subscriptions 2,214 software expense 1,683 travel 1,639 meals 339 event expense 23,758 conferences 354 insurance 558 total 30,966”
Form 990-ez, Part II, Line 24
“Accounts receivable 2,708 30,996 total 2,708 30,996”
Form 990-ez, Part II, Line 26
“Micro loans 144,203 137,577”
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 Appendix160 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 | 167947 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 118419 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 49250 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -14614 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 44588 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 170655 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 149415 |
| IRS990EZ/GrossReceiptsAmt | 0 | 67691 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 198 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 26452 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 11838 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 26452 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 11838 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 5421 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 2.00 |
| 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 | WALTER CUMMINGS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | REGINALD DAVIS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | DEREK POOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | THERESA WHITE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | CHESTER CRUMP |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | TERRANCE CRUMP |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | JIMMY LANCASTER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| 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 | 2708 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 30996 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 30966 |
| 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 | 1330 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 18243 |
| 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 | 82305 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 144203 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 137577 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 82305 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 82305 |
| IRS990EZ/TotalRevenueAmt | 0 | 67691 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 49250 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 58007 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 53182 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 52762 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 213201 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 198 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 636 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 431 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 412 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 1677 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt | 0 | 18243 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt | 0 | 2930 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt | 0 | 21173 |
| 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 | 236051 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 67691 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 61573 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 53613 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 53174 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 236051 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 67691 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 61573 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 53613 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 53174 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 236051 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES BANK CHARGES 421 DUES & SUBSCRIPTIONS 2,214 SOFTWARE EXPENSE 1,683 TRAVEL 1,639 MEALS 339 EVENT EXPENSE 23,758 CONFERENCES 354 INSURANCE 558 TOTAL 30,966 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS RECEIVABLE 2,708 30,996 TOTAL 2,708 30,996 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MICRO LOANS 144,203 137,577 |
| 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 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | WALTER CUMMINGS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-15 |
| 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 | 1101 S MAIN ST |
| 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 | DGA 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 | 2025-05-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | WALTER CUMMINGS CPA |
| ReturnHeader/ReturnTs | 0 | 2025-05-15T10:16:56-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-06-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $149,415
- Liabilities
- $137,577
- Net assets
- $11,838
- Revenue
- $67,691
- Expenses
- $82,305
- Net income
- -$14,614