Civic Intelligence

Southeast Kentucky Economic Development Corporation Inc.

990 • Fiscal year 2019 • EIN 61-1097619

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 15, 2019

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

36th percentile

0.09x

Higher debt load relative to assets than 36% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

1.26x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

25th percentile

-3.8%

Higher net margin than 25% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

45th percentile

$161,601

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

21st percentile

-2.9%

Faster asset growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

22nd percentile

-7.7%

Faster revenue growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets36th percentile

Assets

Down

$23,300,793

Down $688,325 (-2.9%) from 2018

Net Assets

Down

$21,222,390

Down $62,435 (-0.3%) from 2018

Liabilities

Down

$2,078,403

Down $625,890 (-23%) from 2018

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin25th percentile

Revenue

Down

$1,655,461

Down $138,788 (-7.7%) from 2018

Expenses

Up

$1,717,896

Up $2,780 (+0.2%) from 2018

Net Income

Down

-$62,435

Down $141,568 (-179%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth21st 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

2019

Assets$23,300,793
Liabilities$2,078,403
Net Assets$21,222,390
Open 2019 Filing

Operations Trend

Revenue Growth22nd 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

2019

Revenue$1,655,461
Expenses$1,717,896
Net Income-$62,435
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$1,655,461
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$7,023,332$9,115,956▲ $2,092,624
Land, Buildings, and Equipment, Net$7,949,006$7,487,693▼ $461,313
Cash and Non-Interest-Bearing Accounts$8,362,137$5,141,406▼ $3,220,731
Investments in Publicly Traded Securities-$1,000,000-
Prepaid Expenses and Deferred Charges$162,039$146,045▼ $15,994
Accounts Receivable$4,290$4,290→ $0
Total Assets$23,989,118$23,300,793▼ $688,325
Other Assets Total$488,314$405,403▼ $82,911
Liabilities
Other Liabilities$2,634,266$2,038,852▼ $595,414
Accounts Payable and Accrued Expenses$54,180$28,929▼ $25,251
Deferred Revenue$15,847$10,622▼ $5,225
Total Liabilities$2,704,293$2,078,403▼ $625,890
Net Assets / Fund Balance
Unrestricted Net Assets$21,284,825$21,222,390▼ $62,435
Total Net Assets Fund Balance$21,284,825$21,222,390▼ $62,435
Total Liabilities and Net Assets / Fund Balance$23,989,118$23,300,793▼ $688,325

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,382,525$6,087,609$13,470,134
Equipment$8,091$1,162,507$1,170,598
Other Land Buildings$17,077$197,724$214,801
Land$80,000-$80,000
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brett TraverExecutive DiFT$132,301$29,300$161,601
Brett TraverExecutive Director-$132,301$29,300$161,601

Board Members and Trustees

NameTitle
Corey CraigPresident
Bruce CarpenterDirector
Carol WrightDirector
Charlene HarrisDirector
Darryl McgahaDirector
Daryl SmithDirector
Jennifer LindonDirector
Scott RouschDirector
Tim GibbsDirector
Virginia FlanaganDirector
David BlakemanSecretary
Carol WrightTreasurer
Tim BarnesVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$481,043
Program Service Revenue
$731,676
Investment Income
$90,136
Other Revenue
$352,606
Change in Net Assets
$-62,435

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,655,461
Total Revenue per Audited Statements
$1,655,461
Total Revenue per Form 990
$1,655,461
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$924,799
Salaries, Compensation, and Employee Benefits$793,097
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$478,545$142,942-$621,487
Depreciation Depletion$461,313--$461,313
All Other Expenses$66,008$60,702-$126,710
Other Employee Benefits$101,820$19,394-$121,214
Payroll Taxes$35,277$15,119-$50,396
Other Expenses$43,772--$43,772
Conferences and Meetings$33,988$5,998-$39,986
Occupancy$12,608$11,639-$24,247
Interest$15,782--$15,782
Office Expenses$5,708$6,437-$12,145
Insurance$5,512$5,295-$10,807
Total Functional Expenses$1,450,370$267,526$0$1,717,896

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,717,896
Total Expenses per Audited Statements$1,717,896
Total Expenses per Form 990$1,717,896
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$1,976,087
Accrued Paid Days Off$54,349
Accrued Interest$8,416
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
2019-11-15
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
11

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 473 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/BOYAmt054180
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt028929
IRS990/AccountsReceivableGrp/BOYAmt04290
IRS990/AccountsReceivableGrp/EOYAmt04290
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO FACILITATE THE ECONOMIC GROWTH AND DEVELOPMENT OF THE SOUTHERN KENTUCKY REGION.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt060702
IRS990/AllOtherExpensesGrp/ProgramServicesAmt066008
IRS990/AllOtherExpensesGrp/TotalAmt0126710
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SOUTHEAST KENTUCKY ECONOMIC
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORPORATION INC
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/BOYAmt08362137
IRS990/CashNonInterestBearingGrp/EOYAmt05141406
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt05998
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt033988
IRS990/ConferencesMeetingsGrp/TotalAmt039986
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0481043
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt090136
IRS990/CYOtherExpensesAmt0924799
IRS990/CYOtherRevenueAmt0352606
IRS990/CYProgramServiceRevenueAmt0731676
IRS990/CYRevenuesLessExpensesAmt0-62435
IRS990/CYSalariesCompEmpBnftPaidAmt0793097
IRS990/CYTotalExpensesAmt01717896
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01655461
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt015847
IRS990/DeferredRevenueGrp/EOYAmt010622
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0461313
IRS990/DepreciationDepletionGrp/TotalAmt0461313
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/EmployeeCnt011
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01450370
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/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
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/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
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/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1329300
IRS990/Form990PartVIISectionAGrp/PersonNm0COREY CRAIG
IRS990/Form990PartVIISectionAGrp/PersonNm1DAVID BLAKEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm2CAROL WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm3TIM BARNES
IRS990/Form990PartVIISectionAGrp/PersonNm4VIRGINIA FLANAGAN
IRS990/Form990PartVIISectionAGrp/PersonNm5CHARLENE HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm6DARYL SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm7JENNIFER LINDON
IRS990/Form990PartVIISectionAGrp/PersonNm8DARRYL MCGAHA
IRS990/Form990PartVIISectionAGrp/PersonNm9TIM GIBBS
IRS990/Form990PartVIISectionAGrp/PersonNm10CAROL WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm11SCOTT ROUSCH
IRS990/Form990PartVIISectionAGrp/PersonNm12BRUCE CARPENTER
IRS990/Form990PartVIISectionAGrp/PersonNm13BRETT 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/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13132301
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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt0481043
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01655461
IRS990/GrossRentsGrp/RealAmt0306618
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt05295
IRS990/InsuranceGrp/ProgramServicesAmt05512
IRS990/InsuranceGrp/TotalAmt010807
IRS990/InterestGrp/ProgramServicesAmt015782
IRS990/InterestGrp/TotalAmt015782
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt090136
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt090136
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01000000
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07447840
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07949006
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07487693
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/NetAssetsOrFundBalancesBOYAmt021284825
IRS990/NetAssetsOrFundBalancesEOYAmt021222390
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0306618
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0306618
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt011639
IRS990/OccupancyGrp/ProgramServicesAmt012608
IRS990/OccupancyGrp/TotalAmt024247
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06437
IRS990/OfficeExpensesGrp/ProgramServicesAmt05708
IRS990/OfficeExpensesGrp/TotalAmt012145
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0488314
IRS990/OtherAssetsTotalGrp/EOYAmt0405403
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019394
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0101820
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0121214
IRS990/OtherExpensesGrp/Desc0CONTRACTUAL
IRS990/OtherExpensesGrp/Desc1ENTERPRISE CENTER
IRS990/OtherExpensesGrp/Desc2TECHNOLOGY BUILDING
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt071082
IRS990/OtherExpensesGrp/ProgramServicesAmt169203
IRS990/OtherExpensesGrp/ProgramServicesAmt249752
IRS990/OtherExpensesGrp/ProgramServicesAmt343772
IRS990/OtherExpensesGrp/TotalAmt071082
IRS990/OtherExpensesGrp/TotalAmt169203
IRS990/OtherExpensesGrp/TotalAmt249752
IRS990/OtherExpensesGrp/TotalAmt343772
IRS990/OtherLiabilitiesGrp/BOYAmt02634266
IRS990/OtherLiabilitiesGrp/EOYAmt02038852
IRS990/OtherRevenueMiscGrp/Desc0MISC INCOME
IRS990/OtherRevenueMiscGrp/Desc1LOAN FEE INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt026918
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt119070
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt026918
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt119070
IRS990/OtherRevenueTotalAmt045988
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0142942
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0478545
IRS990/OtherSalariesAndWagesGrp/TotalAmt0621487
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07023332
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09115956
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015119
IRS990/PayrollTaxesGrp/ProgramServicesAmt035277
IRS990/PayrollTaxesGrp/TotalAmt050396
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0162039
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0146045
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/RelatedOrExemptFuncIncomeAmt0469812
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1185800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt257635
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt318429
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0469812
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1185800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt257635
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt318429
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ADMINISTERS LOAN PROGRAMS TO QUALIFIED BUSINESSES FOR NEW AND EXPANDING
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0679583
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt037434
IRS990/PYOtherExpensesAmt01004491
IRS990/PYOtherRevenueAmt0396753
IRS990/PYProgramServiceRevenueAmt0680479
IRS990/PYRevenuesLessExpensesAmt079133
IRS990/PYSalariesCompEmpBnftPaidAmt0710625
IRS990/PYTotalExpensesAmt01715116
IRS990/PYTotalRevenueAmt01794249
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-62435
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0306618
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0481043
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0679583
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01051284
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0915132
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0763324
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03890366
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0296876
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0296876
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02214739
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91120
IRS990ScheduleA/PublicSupportPY170Pct00.87270
IRS990ScheduleA/PublicSupportTotal170Amt03890366
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0481043
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0679583
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01051284
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0915132
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0763324
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03890366
IRS990ScheduleA/TotalSupportAmt04269517
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt073345
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt08930
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt082275
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt07382525
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06087609
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013470134
IRS990ScheduleD/EquipmentGrp/BookValueAmt08091
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01162507
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01170598
IRS990ScheduleD/ExpensesSubtotalAmt01717896
IRS990ScheduleD/LandGrp/BookValueAmt080000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt080000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt017077
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0197724
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0214801
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01976087
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt154349
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt28416
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAID DAYS OFF
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST
IRS990ScheduleD/RevenueSubtotalAmt01655461
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07487693
IRS990ScheduleD/TotalExpensesPerForm990Amt01717896
IRS990ScheduleD/TotalLiabilityAmt02038852
IRS990ScheduleD/TotalRevenuePerForm990Amt01655461
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01655461
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01717896
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0132301
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt029300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRETT TRAVER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0161601
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt023989118
IRS990/TotalAssetsEOYAmt023300793
IRS990/TotalAssetsGrp/BOYAmt023989118

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,300,793
Liabilities
$2,078,403
Net assets
$21,222,390
Revenue
$1,655,461
Expenses
$1,717,896
Net income
-$62,435
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