Civic Intelligence

Marion County Industrial Foundation

EIN 61-0733728 • 501(c)3 • Lebanon, KY

Profile

Industrial development in lebanon and marion county, kentucky

223 North Spalding AvenueLebanon, KY 40033

www.marioncountyky.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.15x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

3.21x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

56th percentile

7.4%

Higher net margin than 56% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

36th percentile

0.1%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-45%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$8,275,667

Up $4,916 (+0.1%) from 2023

Liabilities

Down

$1,265,413

Down $24,212 (-1.9%) from 2023

Net Assets

Up

$7,010,254

Up $29,128 (+0.4%) from 2023

Revenue

Down

$393,952

Down $321,757 (-45%) from 2023

Expenses

Down

$364,824

Down $354,071 (-49%) from 2023

Net Income

Up

$29,128

Up $32,314 (+1014%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2011: $7,034,990Liabilities 2011: $2,897,847Net Assets 2011: $4,137,1432011Assets 2012: $7,459,683Liabilities 2012: $2,871,803Net Assets 2012: $4,587,8802012Assets 2013: $7,464,947Liabilities 2013: $2,851,235Net Assets 2013: $4,613,7112013Assets 2014: $7,641,986Liabilities 2014: $2,817,740Net Assets 2014: $4,824,2462014Assets 2015: $7,519,391Liabilities 2015: $2,270,569Net Assets 2015: $5,248,8222015Assets 2016: $7,576,826Liabilities 2016: $2,226,413Net Assets 2016: $5,350,4132016Assets 2017: $7,775,947Liabilities 2017: $2,178,940Net Assets 2017: $5,597,0072017Assets 2018: $7,201,152Liabilities 2018: $1,629,406Net Assets 2018: $5,571,7462018Assets 2020: $8,091,088Liabilities 2020: $1,461,097Net Assets 2020: $6,629,9912020Assets 2021: $7,976,362Liabilities 2021: $1,438,299Net Assets 2021: $6,538,0632021Assets 2022: $8,394,911Liabilities 2022: $1,393,829Net Assets 2022: $7,001,0822022Assets 2023: $8,270,751Liabilities 2023: $1,289,625Net Assets 2023: $6,981,1262023Assets 2024: $8,275,667Liabilities 2024: $1,265,413Net Assets 2024: $7,010,2542024

Highlighted filing

2024

Assets$8,275,667
Liabilities$1,265,413
Net Assets$7,010,254

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,532,384Expenses 2011: $1,569,240Net Income 2011: -$36,8562011Revenue 2012: $857,151Expenses 2012: $906,414Net Income 2012: -$49,2632012Revenue 2013: $508,743Expenses 2013: $482,912Net Income 2013: $25,8312013Revenue 2014: $667,781Expenses 2014: $457,246Net Income 2014: $210,5352014Revenue 2015: $794,353Expenses 2015: $369,777Net Income 2015: $424,5762015Revenue 2016: $462,729Expenses 2016: $361,138Net Income 2016: $101,5912016Revenue 2017: $567,959Expenses 2017: $321,365Net Income 2017: $246,5942017Revenue 2018: $261,887Expenses 2018: $287,148Net Income 2018: -$25,2612018Revenue 2020: $382,180Expenses 2020: $268,476Net Income 2020: $113,7042020Revenue 2021: $237,307Expenses 2021: $329,236Net Income 2021: -$91,9292021Revenue 2022: $726,204Expenses 2022: $263,185Net Income 2022: $463,0192022Revenue 2023: $715,709Expenses 2023: $718,895Net Income 2023: -$3,1862023Revenue 2024: $393,952Expenses 2024: $364,824Net Income 2024: $29,1282024

Highlighted filing

2024

Revenue$393,952
Expenses$364,824
Net Income$29,128

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.28$1.27$7.01$0.39$0.36$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.27$1.29$6.98$0.72$0.72$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.39$1.39$7.00$0.73$0.26$0.46
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.98$1.44$6.54$0.24$0.33$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.09$1.46$6.63$0.38$0.27$0.11
2018Summary only. Only limited summary data is available for this year.$7.20$1.63$5.57$0.26$0.29$0.03
2017Summary only. Only limited summary data is available for this year.$7.78$2.18$5.60$0.57$0.32$0.25
2016Summary only. Only limited summary data is available for this year.$7.58$2.23$5.35$0.46$0.36$0.10
2015Summary only. Only limited summary data is available for this year.$7.52$2.27$5.25$0.79$0.37$0.42
2014Summary only. Only limited summary data is available for this year.$7.64$2.82$4.82$0.67$0.46$0.21
2013Summary only. Only limited summary data is available for this year.$7.46$2.85$4.61$0.51$0.48$0.03
2012Summary only. Only limited summary data is available for this year.$7.46$2.87$4.59$0.86$0.91$0.05
2011Summary only. Only limited summary data is available for this year.$7.03$2.90$4.14$1.53$1.57$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 10, 2025
Return Version
2024v5.0
Gross Receipts
$773,089
Mission and Program Overview

Mission

Industrial development in lebanon and marion county, kentucky

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$5,401,580$6,148,890▲ $747,310
Savings and Temporary Cash Investments$900,000$900,000→ $0
Cash and Non-Interest-Bearing Accounts$482,494$451,457▼ $31,037
Land, Buildings, and Equipment, Net$7,632$5,960▼ $1,672
Total Assets$8,270,751$8,275,667▲ $4,916
Other Assets Total$1,479,045$769,360▼ $709,685
Liabilities
Unsecured Notes Loans Payable$1,284,770$1,248,770▼ $36,000
Accounts Payable and Accrued Expenses$4,855$16,643▲ $11,788
Total Liabilities$1,289,625$1,265,413▼ $24,212
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,379,738$6,118,552▲ $738,814
Net Assets With Donor Restrictions$1,601,388$891,702▼ $709,686
Total Net Assets Fund Balance$6,981,126$7,010,254▲ $29,128
Total Liabilities and Net Assets / Fund Balance$8,270,751$8,275,667▲ $4,916

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,960$89,656$95,616
Other Assets Org$13,819--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$333,000
Program Service Revenue
$0
Investment Income
$45,714
Other Revenue
$15,238
Change in Net Assets
$29,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$200,075
Other Expenses$164,749
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$110,575--$110,575
Other Salaries and Wages$60,000--$60,000
Interest$35,297--$35,297
Occupancy$28,810--$28,810
Fees for Services Legal$28,690--$28,690
Office Expenses$13,591--$13,591
Payroll Taxes$13,551--$13,551
Travel$10,986--$10,986
Other Employee Benefits$10,832--$10,832
Pension Plan Contributions$5,117--$5,117
Fees for Services Accounting$4,266--$4,266
Depreciation Depletion$3,226--$3,226
Insurance$3,026--$3,026
Advertising$2,266--$2,266
Other Expenses$1,906--$1,906
Total Functional Expenses$364,824$0$0$364,824
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The president of the board, bobby miles, receives a copy of the 990 and 990-t. After his reveiw and approval, the returns are distributed to the remainder of the board members for their review.

Form 990, Page 6, Part VI, Line 19

The foundation makes any and all documents required to be made available, made available upon request during normal business hours at their main office.

Filing and Contact Details

Filer

Filer Name
Marion County Industrial Foundation
EIN
61-0733728
Phone
2706926002
Address
223 NORTH SPALDING AVENUE, LEBANON, KY 40033

Signing Officer

Name
Bobby Miles
Title
President
Phone
2706926002
Signed
2025-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bobby Miles
Formed
1973
Legal Domicile
Ky
Voting Board Members
13
Independent Board Members
13
Employees
2

Preparer

Firm
White and Company Psc
Address
219 S PROCTOR KNOTT AVENUE, LEBANON, KY 40033-1219
Preparer
Charles M White
Phone
2706922102
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Industrial development in lebanon and marion county, kentucky. See pdf attached for list of accomplishments.

Raw XML Appendix392 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.

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IRS990/PYContributionsGrantsAmt0255500
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt041157
IRS990/PYOtherExpensesAmt0519222
IRS990/PYOtherRevenueAmt0419052
IRS990/PYRevenuesLessExpensesAmt0-3186
IRS990/PYSalariesCompEmpBnftPaidAmt0199673
IRS990/PYTotalExpensesAmt0718895
IRS990/PYTotalRevenueAmt0715709
IRS990/ReconcilationRevenueExpnssAmt029128
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0900000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0900000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 950,000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0333000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0255500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0608689
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0196357
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0334550
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01728096
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt045714
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt041157
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt032209
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt041273
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt044057
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0204410
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0102171
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0394375
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0950000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01344375
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52740
IRS990ScheduleA/PublicSupportPY170Pct00.61330
IRS990ScheduleA/PublicSupportTotal170Amt01728096
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0333000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0255500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0608689
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0196357
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0334550
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01728096
IRS990ScheduleA/TotalSupportAmt03276881
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt05960
IRS990ScheduleD/EquipmentGrp/DepreciationAmt089656
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt095616
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0755541
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt113819
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH IN BANK-TEMPORARILY RESTRICTED
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NOTES RECEIVABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05960
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0769360
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INDUSTRIAL DEVELOPMENT IN LEBANON AND MARION COUNTY, KENTUCKY. SEE PDF ATTACHED FOR LIST OF ACCOMPLISHMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT OF THE BOARD, BOBBY MILES, RECEIVES A COPY OF THE 990 AND 990-T. AFTER HIS REVEIW AND APPROVAL, THE RETURNS ARE DISTRIBUTED TO THE REMAINDER OF THE BOARD MEMBERS FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION MAKES ANY AND ALL DOCUMENTS REQUIRED TO BE MADE AVAILABLE, MADE AVAILABLE UPON REQUEST DURING NORMAL BUSINESS HOURS AT THEIR MAIN OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08270751
IRS990/TotalAssetsEOYAmt08275667
IRS990/TotalAssetsGrp/BOYAmt08270751
IRS990/TotalAssetsGrp/EOYAmt08275667
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0333000
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0364824
IRS990/TotalFunctionalExpensesGrp/TotalAmt0364824
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01289625
IRS990/TotalLiabilitiesEOYAmt01265413
IRS990/TotalLiabilitiesGrp/BOYAmt01289625
IRS990/TotalLiabilitiesGrp/EOYAmt01265413
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06981126
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07010254
IRS990/TotalOtherProgSrvcExpenseAmt0328263
IRS990/TotalProgramServiceExpensesAmt0364824
IRS990/TotalRevenueGrp/ExclusionAmt060952
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0393952
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08270751
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08275667
IRS990/TravelGrp/ProgramServicesAmt010986
IRS990/TravelGrp/TotalAmt010986
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01284770
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01248770
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 850
IRS990/USAddress/CityNm0LEBANON
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040033
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.MARIONCOUNTYKY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BOBBY MILES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02706926002
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARION COUNTY INDUSTRIAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MARI
ReturnHeader/Filer/EIN0610733728
ReturnHeader/Filer/PhoneNum02706926002
ReturnHeader/Filer/USAddress/AddressLine1Txt0223 NORTH SPALDING AVENUE
ReturnHeader/Filer/USAddress/CityNm0LEBANON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040033
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611113462
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHITE AND COMPANY PSC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0219 S PROCTOR KNOTT AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LEBANON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0400331219
ReturnHeader/PreparerPersonGrp/PhoneNum02706922102
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES M WHITE
ReturnHeader/ReturnTs02025-07-15T07:48:04-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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