Civic Intelligence

Southeast Kentucky Economic Development Corporation Inc.

990 • Fiscal year 2014 • EIN 61-1097619

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 15, 2014

Organization ProfileSOUTHEASTKENTUCKY.COM
2292 South Highway 2742502

(606) 677-6100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

39th percentile

0.17x

Higher debt load relative to assets than 39% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

91st percentile

3.66x

Higher debt load relative to revenue than 91% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

5th percentile

-36%

Higher net margin than 5% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

21st percentile

$144,950

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

20th percentile

-2.2%

Faster asset growth than 20% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$25,598,046

Down $588,694 (-2.2%) from 2013

Net Assets

Down

$21,334,338

Down $415,059 (-1.9%) from 2013

Liabilities

Down

$4,263,708

Down $173,635 (-3.9%) from 2013

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin5th percentile

Revenue

$1,166,397

No earlier filing loaded for comparison.

Expenses

Down

$1,581,456

Down $57,577 (-3.5%) from 2013

Net Income

-$415,059

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $25,289,014Liabilities 2011: $4,289,079Net Assets 2011: $20,999,9352011Assets 2012: $25,912,052Liabilities 2012: $4,510,445Net Assets 2012: $21,401,6072012Assets 2013: $26,186,740Liabilities 2013: $4,437,343Net Assets 2013: $21,749,3972013Assets 2014: $25,598,046Liabilities 2014: $4,263,708Net Assets 2014: $21,334,3382014Assets 2015: $24,619,937Liabilities 2015: $3,868,251Net Assets 2015: $20,751,6862015Assets 2016: $24,485,200Liabilities 2016: $3,496,060Net Assets 2016: $20,989,1402016Assets 2017: $24,402,501Liabilities 2017: $3,196,809Net Assets 2017: $21,205,6922017Assets 2018: $23,989,118Liabilities 2018: $2,704,293Net Assets 2018: $21,284,8252018Assets 2019: $23,300,793Liabilities 2019: $2,078,403Net Assets 2019: $21,222,3902019Assets 2020: $24,214,233Liabilities 2020: $2,761,766Net Assets 2020: $21,452,4672020Assets 2021: $25,814,472Liabilities 2021: $2,995,081Net Assets 2021: $22,819,3912021Assets 2022: $28,123,081Liabilities 2022: $3,959,110Net Assets 2022: $24,163,9712022Assets 2023: $28,639,191Liabilities 2023: $4,066,384Net Assets 2023: $24,572,8072023Assets 2024: $30,344,227Liabilities 2024: $5,457,559Net Assets 2024: $24,886,6682024Assets 2025: $32,616,890Liabilities 2025: $6,716,135Net Assets 2025: $25,900,7552025

Highlighted filing

2014

Assets$25,598,046
Liabilities$4,263,708
Net Assets$21,334,338
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2011: $1,527,4722011Expenses 2012: $1,565,8562012Expenses 2013: $1,639,0332013Revenue 2014: $1,166,397Expenses 2014: $1,581,456Net Income 2014: -$415,0592014Revenue 2015: $1,060,200Expenses 2015: $1,642,852Net Income 2015: -$582,6522015Revenue 2016: $1,893,047Expenses 2016: $1,655,593Net Income 2016: $237,4542016Revenue 2017: $2,077,750Expenses 2017: $1,861,198Net Income 2017: $216,5522017Revenue 2018: $1,794,249Expenses 2018: $1,715,116Net Income 2018: $79,1332018Revenue 2019: $1,655,461Expenses 2019: $1,717,896Net Income 2019: -$62,4352019Revenue 2020: $2,793,965Expenses 2020: $2,563,888Net Income 2020: $230,0772020Revenue 2021: $3,649,042Expenses 2021: $2,282,118Net Income 2021: $1,366,9242021Revenue 2022: $3,726,346Expenses 2022: $2,381,766Net Income 2022: $1,344,5802022Revenue 2023: $2,403,223Expenses 2023: $1,994,387Net Income 2023: $408,8362023Revenue 2024: $2,561,251Expenses 2024: $2,247,390Net Income 2024: $313,8612024Revenue 2025: $3,440,740Expenses 2025: $2,426,653Net Income 2025: $1,014,0872025

Highlighted filing

2014

Revenue$1,166,397
Expenses$1,581,456
Net Income-$415,059
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 15, 2014
Return Version
2013v3.1
Gross Receipts
$1,166,397
Mission and Program Overview

Mission

To facilitate the economic growth and development of the southern kentucky region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,166,911$9,765,613▼ $401,298
Other Notes and Loans Receivable, Net$9,773,603$7,497,079▼ $2,276,524
Cash and Non-Interest-Bearing Accounts$5,247,769$7,419,702▲ $2,171,933
Prepaid Expenses and Deferred Charges$35,873$44,295▲ $8,422
Accounts Receivable$25,144$18,495▼ $6,649
Total Assets$26,186,740$25,598,046▼ $588,694
Other Assets Total$937,440$852,862▼ $84,578
Liabilities
Other Liabilities$4,281,498$4,151,567▼ $129,931
Deferred Revenue$152,853$100,213▼ $52,640
Accounts Payable and Accrued Expenses$2,992$11,928▲ $8,936
Total Liabilities$4,437,343$4,263,708▼ $173,635
Net Assets / Fund Balance
Unrestricted Net Assets$21,749,397$21,334,338▼ $415,059
Total Net Assets Fund Balance$21,749,397$21,334,338▼ $415,059
Total Liabilities and Net Assets / Fund Balance$26,186,740$25,598,046▼ $588,694

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,668,943$3,801,191$13,470,134
Equipment$16,670$1,153,928$1,170,598
Other Land Buildings-$181,207$181,207
Land$80,000-$80,000
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleBaseTotal
Greg JonesInterim Dire$144,950$144,950
Frank Rhodus-$59,108$59,108

Board Members and Trustees

NameTitle
Tim BarnesPresident
Charlene HarrisDirector
Daryl SmithDirector
Dr Jo MarshallDirector
Mike HayesDirector
Rodney HitchDirector
Shirley GiffordDirector
Virginia FlanaganDirector
David BlakemanPast Directo
Ben SamsSecretary
Corey CraigTreasurer
Darryl McgahaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$142,558
Program Service Revenue
$766,098
Investment Income
$5,559
Other Revenue
$252,182
All Other Contributions
$1,000
Change in Net Assets
$-415,059

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,166,397
Total Revenue per Audited Statements
$1,166,397
Total Revenue per Form 990
$1,166,397
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$941,515
Salaries, Compensation, and Employee Benefits$639,941
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$463,320--$463,320
Other Salaries and Wages$228,966$68,393-$297,359
Current Officers, Directors, Trustees, and Key Employees$102,029$102,029-$204,058
Other Employee Benefits$80,328$15,300-$95,628
All Other Expenses$20,132$30,821-$50,953
Conferences and Meetings$37,736$6,659-$44,395
Payroll Taxes$30,027$12,869-$42,896
Interest$30,375--$30,375
Occupancy$13,032$12,029-$25,061
Other Expenses$23,713$8,607-$23,713
Office Expenses$8,757$9,874-$18,631
Insurance$4,897$4,704-$9,601
Total Functional Expenses$1,310,171$271,285$0$1,581,456

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,581,456
Total Expenses per Audited Statements$1,581,456
Total Expenses per Form 990$1,581,456
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable$4,108,638
Accrued Paid Days Off$31,168
Accrued Interest$11,761
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

EIN
61-1097619
Phone
6066776100

Signing Officer

Name
Frank Rhodus
Title
CFO
Phone
6066776100
Signed
2014-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
Ky
Voting Board Members
12
Independent Board Members
12
Employees
12

Preparer

Preparer
Jon R Harville CPA
Phone
6066795090
Supplemental Narrative

Additional Explanations

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

“Administers loan programs to qualified businesses for new and expanding”

Raw XML AppendixShowing 400 of 432 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02992
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt011928
IRS990/AccountsReceivableGrp/BOYAmt025144
IRS990/AccountsReceivableGrp/EOYAmt018495
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO FACILITATE THE ECONOMIC GROWTH AND DEVELOPMENT OF THE SOUTHERN KENTUCKY REGION.
IRS990/AllOtherContributionsAmt01000
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt030821
IRS990/AllOtherExpensesGrp/ProgramServicesAmt020132
IRS990/AllOtherExpensesGrp/TotalAmt050953
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0CORPORATION
IRS990/BooksInCareOfDetail/PhoneNum06066776100
IRS990/BooksInCareOfDetail/USAddress/AddressLine102292 S HWY 27
IRS990/BooksInCareOfDetail/USAddress/City0SOMERSET
IRS990/BooksInCareOfDetail/USAddress/State0KY
IRS990/BooksInCareOfDetail/USAddress/ZIPCode042501
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt05247769
IRS990/CashNonInterestBearingGrp/EOYAmt07419702
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0102029
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0102029
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0204058
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt06659
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt037736
IRS990/ConferencesMeetingsGrp/TotalAmt044395
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0142558
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt05559
IRS990/CYOtherExpensesAmt0941515
IRS990/CYOtherRevenueAmt0252182
IRS990/CYProgramServiceRevenueAmt0766098
IRS990/CYRevenuesLessExpensesAmt0-415059
IRS990/CYSalariesCompEmpBnftPaidAmt0639941
IRS990/CYTotalExpensesAmt01581456
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01166397
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0152853
IRS990/DeferredRevenueGrp/EOYAmt0100213
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0463320
IRS990/DepreciationDepletionGrp/TotalAmt0463320
IRS990/Desc0ADMINISTERS LOAN PROGRAMS TO QUALIFIED BUSINESSES FOR NEW AND EXPANDING INDUSTRY IN THE SERVICE AREA.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt012
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01310171
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/PersonNm0CHARLENE HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm1DARRYL MCGAHA
IRS990/Form990PartVIISectionAGrp/PersonNm2TIM BARNES
IRS990/Form990PartVIISectionAGrp/PersonNm3RODNEY HITCH
IRS990/Form990PartVIISectionAGrp/PersonNm4VIRGINIA FLANAGAN
IRS990/Form990PartVIISectionAGrp/PersonNm5DR JO MARSHALL
IRS990/Form990PartVIISectionAGrp/PersonNm6SHIRLEY GIFFORD
IRS990/Form990PartVIISectionAGrp/PersonNm7BEN SAMS
IRS990/Form990PartVIISectionAGrp/PersonNm8DARYL SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm9COREY CRAIG
IRS990/Form990PartVIISectionAGrp/PersonNm10MIKE HAYES
IRS990/Form990PartVIISectionAGrp/PersonNm11DAVID BLAKEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm12GREG JONES
IRS990/Form990PartVIISectionAGrp/PersonNm13FRANK RHODUS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12144950
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1359108
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11PAST DIRECTO
IRS990/Form990PartVIISectionAGrp/TitleTxt12INTERIM DIRE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt0141558
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01166397
IRS990/GrossRentsGrp/RealAmt0246176
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04704
IRS990/InsuranceGrp/ProgramServicesAmt04897
IRS990/InsuranceGrp/TotalAmt09601
IRS990/InterestGrp/ProgramServicesAmt030375
IRS990/InterestGrp/TotalAmt030375
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt05559
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05559
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05136326
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010166911
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09765613
IRS990/LandBldgEquipCostOrOtherBssAmt014901939
IRS990/LegalDomicileStateCd0KY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO FACILITATE THE ECONOMIC GROWTH AND DEVELOPMENT OF THE SOUTHERN KENTUCKY REGION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt021749397
IRS990/NetAssetsOrFundBalancesEOYAmt021334338
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0246176
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0246176
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt012029
IRS990/OccupancyGrp/ProgramServicesAmt013032
IRS990/OccupancyGrp/TotalAmt025061
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09874
IRS990/OfficeExpensesGrp/ProgramServicesAmt08757
IRS990/OfficeExpensesGrp/TotalAmt018631
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0937440
IRS990/OtherAssetsTotalGrp/EOYAmt0852862
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015300
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt080328
IRS990/OtherEmployeeBenefitsGrp/TotalAmt095628
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSSES
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc2ENTERPRISE CENTER
IRS990/OtherExpensesGrp/Desc3TECHNOLOGY BUILDING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08607
IRS990/OtherExpensesGrp/ProgramServicesAmt0177367
IRS990/OtherExpensesGrp/ProgramServicesAmt152870
IRS990/OtherExpensesGrp/ProgramServicesAmt236622
IRS990/OtherExpensesGrp/ProgramServicesAmt323713
IRS990/OtherExpensesGrp/TotalAmt0177367
IRS990/OtherExpensesGrp/TotalAmt161477
IRS990/OtherExpensesGrp/TotalAmt236622
IRS990/OtherExpensesGrp/TotalAmt323713
IRS990/OtherLiabilitiesGrp/BOYAmt04281498
IRS990/OtherLiabilitiesGrp/EOYAmt04151567
IRS990/OtherRevenueMiscGrp/Desc0MISC INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt06006
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06006
IRS990/OtherRevenueTotalAmt06006
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt068393
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0228966
IRS990/OtherSalariesAndWagesGrp/TotalAmt0297359
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt09773603
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt07497079
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012869
IRS990/PayrollTaxesGrp/ProgramServicesAmt030027
IRS990/PayrollTaxesGrp/TotalAmt042896
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt035873
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044295
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SOMERSET RAIL PARK INCOME
IRS990/ProgramServiceRevenueGrp/Desc2SBA 504 PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/Desc3BAD DEBT RECOVERY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0528666
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1120825
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt278098
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt338509
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0528666
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1120825
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt278098
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt338509
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ADMINISTERS LOAN PROGRAMS TO QUALIFIED BUSINESSES FOR NEW AND EXPANDING
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0900022
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt012465
IRS990/PYOtherExpensesAmt0826089
IRS990/PYOtherRevenueAmt0246046
IRS990/PYProgramServiceRevenueAmt0828290
IRS990/PYRevenuesLessExpensesAmt0347790
IRS990/PYSalariesCompEmpBnftPaidAmt0812944
IRS990/PYTotalExpensesAmt01639033
IRS990/PYTotalRevenueAmt01986823
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-415059
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0246176
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0914662
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01688962
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0912171
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01688962
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01168000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06372757
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0251735
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt031823
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt029163
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt031823
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt044104
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0388648
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01017833
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94250
IRS990ScheduleA/PublicSupportPY170Pct00.96590
IRS990ScheduleA/PublicSupportTotal170Amt06372757
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0914662
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01688962
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0912171
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01688962
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01168000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06372757
IRS990ScheduleA/TotalSupportAmt06761405
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt09668943
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03801191
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013470134
IRS990ScheduleD/EquipmentGrp/BookValueAmt016670
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01153928
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01170598
IRS990ScheduleD/ExpensesSubtotalAmt01581456
IRS990ScheduleD/LandGrp/BookValueAmt080000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt080000
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0181207
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0181207
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04108638
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt131168
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt211761
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAID DAYS OFF
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST
IRS990ScheduleD/RevenueSubtotalAmt01166397
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09765613
IRS990ScheduleD/TotalExpensesPerForm990Amt01581456
IRS990ScheduleD/TotalLiabilityAmt04151567
IRS990ScheduleD/TotalRevenuePerForm990Amt01166397
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01166397
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01581456
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ADMINISTERS LOAN PROGRAMS TO QUALIFIED BUSINESSES FOR NEW AND EXPANDING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
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/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt026186740
IRS990/TotalAssetsEOYAmt025598046
IRS990/TotalAssetsGrp/BOYAmt026186740
IRS990/TotalAssetsGrp/EOYAmt025598046
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0142558
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0271285
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01310171
IRS990/TotalFunctionalExpensesGrp/TotalAmt01581456
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04437343
IRS990/TotalLiabilitiesEOYAmt04263708
IRS990/TotalLiabilitiesGrp/BOYAmt04437343
IRS990/TotalLiabilitiesGrp/EOYAmt04263708
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt021749397
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt021334338
IRS990/TotalProgramServiceExpensesAmt01310171
IRS990/TotalProgramServiceRevenueAmt0766098
IRS990/TotalReportableCompFromOrgAmt0204058
IRS990/TotalRevenueGrp/ExclusionAmt06006
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01017833
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01166397
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt026186740
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt025598046
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt021749397
IRS990/UnrestrictedNetAssetsGrp/EOYAmt021334338
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,598,046
Liabilities
$4,263,708
Net assets
$21,334,338
Revenue
$1,166,397
Expenses
$1,581,456
Net income
-$415,059
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.6$6.72$25.9$3.44$2.43$1.01
2024Detailed filing. Detailed filing data is available for this year.$30.3$5.46$24.9$2.56$2.25$0.31
2023Detailed filing. Detailed filing data is available for this year.$28.6$4.07$24.6$2.40$1.99$0.41
2022Detailed filing. Detailed filing data is available for this year.$28.1$3.96$24.2$3.73$2.38$1.34
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.8$3.00$22.8$3.65$2.28$1.37
2020Detailed filing. Detailed filing data is available for this year.$24.2$2.76$21.5$2.79$2.56$0.23
2019Detailed filing. Detailed filing data is available for this year.$23.3$2.08$21.2$1.66$1.72$0.06
2018Detailed filing. Detailed filing data is available for this year.$24.0$2.70$21.3$1.79$1.72$0.08
2017Detailed filing. Detailed filing data is available for this year.$24.4$3.20$21.2$2.08$1.86$0.22
2016Detailed filing. Detailed filing data is available for this year.$24.5$3.50$21.0$1.89$1.66$0.24
2015Detailed filing. Detailed filing data is available for this year.$24.6$3.87$20.8$1.06$1.64$0.58
2014Detailed filing. Detailed filing data is available for this year.$25.6$4.26$21.3$1.17$1.58$0.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.2$4.44$21.7$1.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.9$4.51$21.4$1.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.3$4.29$21.0$1.53