Civic Intelligence

Southeast Kentucky Economic Development Corporation Inc.

990 • Fiscal year 2018 • EIN 61-1097619

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 19, 2018

Organization ProfileSOUTHEASTKENTUCKY.COM
2292 South Highway 27Somerset, KY 42501

(606) 677-6100

Siviq Scores

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

Liabilities / Assets

38th percentile

0.11x

Higher debt load relative to assets than 38% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

84th percentile

1.51x

Higher debt load relative to revenue than 84% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

55th percentile

4.4%

Higher net margin than 55% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

45th percentile

$159,629

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

33rd percentile

-1.7%

Faster asset growth than 33% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

16th percentile

-14%

Faster revenue growth than 16% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets38th percentile

Assets

Down

$23,989,118

Down $413,383 (-1.7%) from 2017

Net Assets

Up

$21,284,825

Up $79,133 (+0.4%) from 2017

Liabilities

Down

$2,704,293

Down $492,516 (-15%) from 2017

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin55th percentile

Revenue

Down

$1,794,249

Down $283,501 (-14%) from 2017

Expenses

Down

$1,715,116

Down $146,082 (-7.8%) from 2017

Net Income

Down

$79,133

Down $137,419 (-63%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth33rd 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

2018

Assets$23,989,118
Liabilities$2,704,293
Net Assets$21,284,825
Open 2018 Filing

Operations Trend

Revenue Growth16th percentile

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

2018

Revenue$1,794,249
Expenses$1,715,116
Net Income$79,133
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 19, 2018
Return Version
2017v2.3
Gross Receipts
$1,794,249
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,175,642$8,362,137▲ $3,186,495
Land, Buildings, and Equipment, Net$8,410,987$7,949,006▼ $461,981
Other Notes and Loans Receivable, Net$8,007,877$7,023,332▼ $984,545
Savings and Temporary Cash Investments$2,000,000--
Prepaid Expenses and Deferred Charges$164,262$162,039▼ $2,223
Accounts Receivable$23,759$4,290▼ $19,469
Total Assets$24,402,501$23,989,118▼ $413,383
Other Assets Total$619,974$488,314▼ $131,660
Liabilities
Other Liabilities$3,161,254$2,634,266▼ $526,988
Accounts Payable and Accrued Expenses$13,522$54,180▲ $40,658
Deferred Revenue$22,033$15,847▼ $6,186
Total Liabilities$3,196,809$2,704,293▼ $492,516
Net Assets / Fund Balance
Unrestricted Net Assets$21,205,692$21,284,825▲ $79,133
Total Net Assets Fund Balance$21,205,692$21,284,825▲ $79,133
Total Liabilities and Net Assets / Fund Balance$24,402,501$23,989,118▼ $413,383

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,839,809$5,630,325$13,470,134
Equipment$8,760$1,161,838$1,170,598
Other Land Buildings$20,437$194,364$214,801
Land$80,000-$80,000
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brett TraverExecutive DiFT$133,117$26,512$159,629
Brett TraverExecutive Director-$133,117$26,512$159,629

Board Members and Trustees

NameTitle
Corey CraigPresident
Carol WrightDirector
Charlene HarrisDirector
Darryl McgahaDirector
Daryl SmithDirector
Dr Jo MarshallDirector
Tim BarnesDirector
Tim GibbsDirector
Virginia FlanaganDirector
David BlakemanSecretary
Shirley GiffordTreasurer
Ben SamsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$679,583
Program Service Revenue
$680,479
Investment Income
$37,434
Other Revenue
$396,753
Change in Net Assets
$79,133

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,794,249
Total Revenue per Audited Statements
$1,794,249
Total Revenue per Form 990
$1,794,249
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,004,491
Salaries, Compensation, and Employee Benefits$710,625
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$423,795$126,588-$550,383
Depreciation Depletion$461,980--$461,980
Other Employee Benefits$92,448$17,609-$110,057
All Other Expenses$68,831$33,984-$102,815
Payroll Taxes$35,129$15,056-$50,185
Other Expenses$38,517--$38,517
Occupancy$11,886$10,971-$22,857
Interest$15,316--$15,316
Conferences and Meetings$12,408$2,190-$14,598
Insurance$6,875$6,606-$13,481
Office Expenses$5,102$5,754-$10,856
Total Functional Expenses$1,496,358$218,758$0$1,715,116

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,715,116
Total Expenses per Audited Statements$1,715,116
Total Expenses per Form 990$1,715,116
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$2,588,258
Accrued Paid Days Off$37,544
Accrued Interest$8,464
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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

Filer Name
Southeast Kentucky Economic
EIN
61-1097619
Phone
6066776100
Address
2292 SOUTH HIGHWAY 27, SOMERSET, KY 42501

Signing Officer

Name
Brett Traver
Title
Executive Director
Phone
6066776100
Signed
2018-12-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brett Traver
Formed
1986
Legal Domicile
Ky
Voting Board Members
12
Independent Board Members
12
Employees
9

Preparer

Firm
Evans Harville Atwell & Co Cpas Pllc
Address
PO BOX 1309, SOMERSET, KY 42502-1309
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 458 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/BOYAmt013522
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt054180
IRS990/AccountsReceivableGrp/BOYAmt023759
IRS990/AccountsReceivableGrp/EOYAmt04290
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO FACILITATE THE ECONOMIC GROWTH AND DEVELOPMENT OF THE SOUTHERN KENTUCKY REGION.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt033984
IRS990/AllOtherExpensesGrp/ProgramServicesAmt068831
IRS990/AllOtherExpensesGrp/TotalAmt0102815
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0CORPORATION
IRS990/BooksInCareOfDetail/PhoneNum06066776100
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02292 S HWY 27
IRS990/BooksInCareOfDetail/USAddress/CityNm0SOMERSET
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd042501
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt05175642
IRS990/CashNonInterestBearingGrp/EOYAmt08362137
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt02190
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt012408
IRS990/ConferencesMeetingsGrp/TotalAmt014598
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0679583
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt037434
IRS990/CYOtherExpensesAmt01004491
IRS990/CYOtherRevenueAmt0396753
IRS990/CYProgramServiceRevenueAmt0680479
IRS990/CYRevenuesLessExpensesAmt079133
IRS990/CYSalariesCompEmpBnftPaidAmt0710625
IRS990/CYTotalExpensesAmt01715116
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01794249
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt022033
IRS990/DeferredRevenueGrp/EOYAmt015847
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0461980
IRS990/DepreciationDepletionGrp/TotalAmt0461980
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/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01496358
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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/OtherCompensationAmt1226512
IRS990/Form990PartVIISectionAGrp/PersonNm0VIRGINIA FLANAGAN
IRS990/Form990PartVIISectionAGrp/PersonNm1DR JO MARSHALL
IRS990/Form990PartVIISectionAGrp/PersonNm2CHARLENE HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm3DARYL SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm4TIM BARNES
IRS990/Form990PartVIISectionAGrp/PersonNm5DARRYL MCGAHA
IRS990/Form990PartVIISectionAGrp/PersonNm6TIM GIBBS
IRS990/Form990PartVIISectionAGrp/PersonNm7CAROL WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm8COREY CRAIG
IRS990/Form990PartVIISectionAGrp/PersonNm9DAVID BLAKEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm10SHIRLEY GIFFORD
IRS990/Form990PartVIISectionAGrp/PersonNm11BEN SAMS
IRS990/Form990PartVIISectionAGrp/PersonNm12BRETT TRAVER
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/ReportableCompFromOrgAmt12133117
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/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt0679583
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01794249
IRS990/GrossRentsGrp/RealAmt0322408
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt06606
IRS990/InsuranceGrp/ProgramServicesAmt06875
IRS990/InsuranceGrp/TotalAmt013481
IRS990/InterestGrp/ProgramServicesAmt015316
IRS990/InterestGrp/TotalAmt015316
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt037434
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt037434
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06986527
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08410987
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07949006
IRS990/LandBldgEquipCostOrOtherBssAmt014935533
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/NetAssetsOrFundBalancesBOYAmt021205692
IRS990/NetAssetsOrFundBalancesEOYAmt021284825
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0322408
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0322408
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt010971
IRS990/OccupancyGrp/ProgramServicesAmt011886
IRS990/OccupancyGrp/TotalAmt022857
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05754
IRS990/OfficeExpensesGrp/ProgramServicesAmt05102
IRS990/OfficeExpensesGrp/TotalAmt010856
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0619974
IRS990/OtherAssetsTotalGrp/EOYAmt0488314
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt017609
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt092448
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0110057
IRS990/OtherExpensesGrp/Desc0CONTRACTUAL
IRS990/OtherExpensesGrp/Desc1ENTERPRISE CENTER
IRS990/OtherExpensesGrp/Desc2TECHNOLOGY BUILDING
IRS990/OtherExpensesGrp/Desc3SOMERSET RAIL PARK
IRS990/OtherExpensesGrp/ProgramServicesAmt0224031
IRS990/OtherExpensesGrp/ProgramServicesAmt155345
IRS990/OtherExpensesGrp/ProgramServicesAmt244695
IRS990/OtherExpensesGrp/ProgramServicesAmt338517
IRS990/OtherExpensesGrp/TotalAmt0224031
IRS990/OtherExpensesGrp/TotalAmt155345
IRS990/OtherExpensesGrp/TotalAmt244695
IRS990/OtherExpensesGrp/TotalAmt338517
IRS990/OtherLiabilitiesGrp/BOYAmt03161254
IRS990/OtherLiabilitiesGrp/EOYAmt02634266
IRS990/OtherRevenueMiscGrp/Desc0MISC INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt074345
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt074345
IRS990/OtherRevenueTotalAmt074345
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0126588
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0423795
IRS990/OtherSalariesAndWagesGrp/TotalAmt0550383
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt08007877
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt07023332
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015056
IRS990/PayrollTaxesGrp/ProgramServicesAmt035129
IRS990/PayrollTaxesGrp/TotalAmt050185
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0164262
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0162039
IRS990/PrincipalOfficerNm0BRETT TRAVER
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/RelatedOrExemptFuncIncomeAmt0410903
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1157345
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt287788
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt324443
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0410903
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1157345
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt287788
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt324443
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ADMINISTERS LOAN PROGRAMS TO QUALIFIED BUSINESSES FOR NEW AND EXPANDING
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01051284
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt013653
IRS990/PYOtherExpensesAmt01185659
IRS990/PYOtherRevenueAmt0382549
IRS990/PYProgramServiceRevenueAmt0630264
IRS990/PYRevenuesLessExpensesAmt0216552
IRS990/PYSalariesCompEmpBnftPaidAmt0675539
IRS990/PYTotalExpensesAmt01861198
IRS990/PYTotalRevenueAmt02077750
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt079133
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0322408
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02000000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0679583
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01051284
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0915132
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0763324
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0914662
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04323985
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0296876
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0251735
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0548611
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01040321
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87270
IRS990ScheduleA/PublicSupportPY170Pct00.90050
IRS990ScheduleA/PublicSupportTotal170Amt04323985
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0679583
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01051284
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0915132
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0763324
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0914662
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04323985
IRS990ScheduleA/TotalSupportAmt04954871
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt073345
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt08930
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt082275
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt07839809
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05630325
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013470134
IRS990ScheduleD/EquipmentGrp/BookValueAmt08760
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01161838
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01170598
IRS990ScheduleD/ExpensesSubtotalAmt01715116
IRS990ScheduleD/LandGrp/BookValueAmt080000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt080000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt020437
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0194364
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0214801
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02588258
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt137544
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt28464
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAID DAYS OFF
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST
IRS990ScheduleD/RevenueSubtotalAmt01794249
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07949006
IRS990ScheduleD/TotalExpensesPerForm990Amt01715116
IRS990ScheduleD/TotalLiabilityAmt02634266
IRS990ScheduleD/TotalRevenuePerForm990Amt01794249
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01794249
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01715116
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0133117
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt026512
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRETT TRAVER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0159629
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
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/TotalAssetsBOYAmt024402501
IRS990/TotalAssetsEOYAmt023989118
IRS990/TotalAssetsGrp/BOYAmt024402501
IRS990/TotalAssetsGrp/EOYAmt023989118
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0679583
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0218758
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01496358
IRS990/TotalFunctionalExpensesGrp/TotalAmt01715116
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03196809
IRS990/TotalLiabilitiesEOYAmt02704293
IRS990/TotalLiabilitiesGrp/BOYAmt03196809
IRS990/TotalLiabilitiesGrp/EOYAmt02704293
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt021205692
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt021284825
IRS990/TotalOtherCompensationAmt026512

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,989,118
Liabilities
$2,704,293
Net assets
$21,284,825
Revenue
$1,794,249
Expenses
$1,715,116
Net income
$79,133
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $10M-$25M nonprofits