Liabilities / Assets
54th percentile
Higher debt load relative to assets than 54% of similar nonprofits.
EIN 61-0733728 • 501(c)3 • Lebanon, KY
Profile
Industrial development in lebanon and marion county, kentucky
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
54th percentile
Higher debt load relative to assets than 54% of similar nonprofits.
Liabilities / Revenue
93rd percentile
Higher debt load relative to revenue than 93% of similar nonprofits.
Net Margin
56th percentile
Higher net margin than 56% of similar nonprofits.
Top Officer Pay
23rd percentile
Higher top officer pay than 23% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
36th percentile
Faster asset growth than 36% of similar nonprofits.
Revenue Growth
6th percentile
Faster revenue growth than 6% of similar nonprofits.
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
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
Industrial development in lebanon and marion county, kentucky
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $5,960 | $89,656 | $95,616 |
| Other Assets Org | $13,819 | - | - |
| Name | Title |
|---|---|
| Bobby Miles | President |
| Christina Mcray | Director |
| David Daugherty | Director |
| Denise Thomas | Director |
| Dr David George | Director |
| Gary Crenshaw | Director |
| Janet Sheckles | Director |
| Jimmy Higdon | Director |
| Joe Spalding | Director |
| Josh Evans | Director |
| Meilssa Newcomb | Director |
| William P Thompson | Director |
| George Spragens | Secretary/tr |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“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.”
“The foundation makes any and all documents required to be made available, made available upon request during normal business hours at their main office.”
“Industrial development in lebanon and marion county, kentucky. See pdf attached for list of accomplishments.”
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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| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.52740 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.61330 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 1728096 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 333000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 255500 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 608689 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 196357 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 334550 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 1728096 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 3276881 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
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| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 89656 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 95616 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 755541 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 13819 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | CASH IN BANK-TEMPORARILY RESTRICTED |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | NOTES RECEIVABLE |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 5960 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 769360 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | INDUSTRIAL DEVELOPMENT IN LEBANON AND MARION COUNTY, KENTUCKY. SEE PDF ATTACHED FOR LIST OF ACCOMPLISHMENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE 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/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 8270751 |
| IRS990/TotalAssetsEOYAmt | 0 | 8275667 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 8270751 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 8275667 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 333000 |
| IRS990/TotalEmployeeCnt | 0 | 2 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 364824 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 364824 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 1289625 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 1265413 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 1289625 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 1265413 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 6981126 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 7010254 |
| IRS990/TotalOtherProgSrvcExpenseAmt | 0 | 328263 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 364824 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 60952 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 393952 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 8270751 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 8275667 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 10986 |
| IRS990/TravelGrp/TotalAmt | 0 | 10986 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt | 0 | 1284770 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 1248770 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | P O BOX 850 |
| IRS990/USAddress/CityNm | 0 | LEBANON |
| IRS990/USAddress/StateAbbreviationCd | 0 | KY |
| IRS990/USAddress/ZIPCd | 0 | 40033 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 13 |
| IRS990/VotingMembersIndependentCnt | 0 | 13 |
| IRS990/WebsiteAddressTxt | 0 | WWW.MARIONCOUNTYKY.COM |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BOBBY MILES |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2706926002 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-07-10 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MARION COUNTY INDUSTRIAL FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MARI |
| ReturnHeader/Filer/EIN | 0 | 610733728 |
| ReturnHeader/Filer/PhoneNum | 0 | 2706926002 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 223 NORTH SPALDING AVENUE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LEBANON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | KY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 40033 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 611113462 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | WHITE AND COMPANY PSC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 219 S PROCTOR KNOTT AVENUE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LEBANON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | KY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 400331219 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2706922102 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-07-10 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CHARLES M WHITE |
| ReturnHeader/ReturnTs | 0 | 2025-07-15T07:48:04-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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