Civic Intelligence

Bell Co Economic Development Fdtn Inc

990 • Fiscal year 2021 • EIN 61-1101518

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 11, 2022

Organization ProfileN/A
PO Box 185Middlesboro, KY 40965-0788

(606) 248-9537

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Net Margin

9th percentile

-25%

Higher net margin than 9% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Asset Growth

25th percentile

-0.8%

Faster asset growth than 25% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

11th percentile

-33%

Faster revenue growth than 11% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets26th percentile

Assets

Down

$2,131,551

Down $18,147 (-0.8%) from 2020

Net Assets

Down

$2,131,551

Down $18,147 (-0.8%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin9th percentile

Revenue

Down

$72,049

Down $34,735 (-33%) from 2020

Expenses

Down

$90,196

Down $83,722 (-48%) from 2020

Net Income

Up

-$18,147

Up $48,987 (+73%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,368,392Liabilities 2010: $0Net Assets 2010: $2,368,3922010Assets 2011: $2,355,699Liabilities 2011: $0Net Assets 2011: $2,355,6992011Assets 2012: $2,431,619Liabilities 2012: $0Net Assets 2012: $2,431,6192012Assets 2013: $2,322,934Liabilities 2013: $0Net Assets 2013: $2,322,9342013Assets 2014: $2,241,986Liabilities 2014: $0Net Assets 2014: $2,241,9862014Assets 2015: $2,185,188Liabilities 2015: $0Net Assets 2015: $2,185,1882015Assets 2016: $2,146,992Liabilities 2016: $0Net Assets 2016: $2,146,9922016Assets 2017: $2,151,195Liabilities 2017: $0Net Assets 2017: $2,151,1952017Assets 2018: $2,134,988Liabilities 2018: $0Net Assets 2018: $2,134,9882018Assets 2019: $2,216,832Liabilities 2019: $0Net Assets 2019: $2,216,8322019Assets 2020: $2,149,698Liabilities 2020: $0Net Assets 2020: $2,149,6982020Assets 2021: $2,131,551Liabilities 2021: $0Net Assets 2021: $2,131,5512021Assets 2022: $2,275,191Liabilities 2022: $0Net Assets 2022: $2,275,1912022Assets 2023: $1,532,476Liabilities 2023: $0Net Assets 2023: $1,532,4762023Assets 2024: $1,478,659Liabilities 2024: $0Net Assets 2024: $1,478,6592024

Highlighted filing

2021

Assets$2,131,551
Liabilities$0
Net Assets$2,131,551
Open 2021 Filing

Operations Trend

Revenue Growth11th percentile

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

$500K$0-$500K-$1.0MRevenue 2010: $114,260Expenses 2010: $38,080Net Income 2010: $76,1802010Expenses 2011: $49,3832011Revenue 2012: $126,553Expenses 2012: $50,633Net Income 2012: $75,9202012Revenue 2013: $2,239Expenses 2013: $110,924Net Income 2013: -$108,6852013Revenue 2014: $12,695Expenses 2014: $93,643Net Income 2014: -$80,9482014Revenue 2015: $176,426Expenses 2015: $233,224Net Income 2015: -$56,7982015Revenue 2016: $311,918Expenses 2016: $350,114Net Income 2016: -$38,1962016Revenue 2017: $199,556Expenses 2017: $195,353Net Income 2017: $4,2032017Revenue 2018: $113,468Expenses 2018: $139,145Net Income 2018: -$25,6772018Revenue 2019: $226,854Expenses 2019: $145,010Net Income 2019: $81,8442019Revenue 2020: $106,784Expenses 2020: $173,918Net Income 2020: -$67,1342020Revenue 2021: $72,049Expenses 2021: $90,196Net Income 2021: -$18,1472021Revenue 2022: $259,303Expenses 2022: $115,663Net Income 2022: $143,6402022Revenue 2023: -$632,573Expenses 2023: $110,142Net Income 2023: -$742,7152023Revenue 2024: $33,722Expenses 2024: $87,539Net Income 2024: -$53,8172024

Highlighted filing

2021

Revenue$72,049
Expenses$90,196
Net Income-$18,147
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 11, 2022
Return Version
2020v4.1
Gross Receipts
$72,049
Mission and Program Overview

Mission

To promote business and economic development in bell county kentucky with the goal of having new corporations establish facilities within bell county.

To promote business and economic development in bell county kentucky.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,149,698$2,131,551▼ $18,147
Land, Buildings, and Equipment, Net$1,920,077$1,920,077→ $0
Savings and Temporary Cash Investments$229,621$211,474▼ $18,147
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,149,698$2,131,551▼ $18,147
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,149,698$2,131,551▼ $18,147
Total Liabilities and Net Assets / Fund Balance$2,149,698$2,131,551▼ $18,147

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,920,077--
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
Larry GrandeyImmediate Past President
Dr Vic AdamsPresident
Ron GilleyVice President
Boone BowlingBoard Member
Daniel FamerBoard Member
Jay SteeleBoard Member
Jennifer SchneiderBoard Member
Jonathon EvansBoard Member
Ken JonesBoard Member
Michael SchneiderBoard Member
Pat BinghamBoard Member
Ed HarrisExecutive Director
Paul BryantTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$69,550
Investment Income
$974
Other Revenue
$1,525
Change in Net Assets
$-18,147
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$90,196
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$24,000--$24,000
Fees for Services Legal-$2,438-$2,438
Insurance$789--$789
Fees for Services Accounting-$750-$750
Other Expenses$560--$560
Total Functional Expenses$87,008$3,188$0$90,196
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The completed 990 return is presented to the board at its monthly meeting and reviewed before filing.”

Form 990, Part VI, Section C, Line 19

“The organization makes its documents available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Bell Co Economic Development Fdtn Inc
EIN
61-1101518
Phone
6062489537
Address
PO BOX 185, MIDDLESBORO, KY 40965-0788

Signing Officer

Name
Paul Bryant
Title
Treasurer
Phone
6062489537
Signed
2022-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Bryant
Formed
1986
Legal Domicile
Ky
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Jones Nale & Mattingly Plc
Address
401 WEST MAIN STREET SUITE 1100, LOUISVILLE, KY 40202
Preparer
Brandon Mayes
Phone
5025830248
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting: program service expenses 24,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,000.”

Financial Statement Notes

PART X, LINE 2:

“Bell county economic development foundation, inc., qualifies as a tax exempt organization under section 501(c)(4) of the internal revenue code and, accordingly, no provision for federal and state income taxes has been made in these statements. The foundation's accounting policy provides that a tax expense/benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. The foundation has no uncertain tax positions resulting in an accrual of tax expense or benefit. The foundation's federal return of organization exempt from income tax is subject to possible examination by the taxing authorities until the expiration of the related statutes of limitations on the return, which is generally three years.”

Raw XML Appendix362 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BELL COUNTY ECONOMIC DEVELOPMENT FOUNDATION, INC., QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN MADE IN THESE STATEMENTS. THE FOUNDATION'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. THE FOUNDATION'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX IS SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES UNTIL THE EXPIRATION OF THE RELATED STATUTES OF LIMITATIONS ON THE RETURN, WHICH IS GENERALLY THREE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01920077
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMPLETED 990 RETURN IS PRESENTED TO THE BOARD AT ITS MONTHLY MEETING AND REVIEWED BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONSULTING: PROGRAM SERVICE EXPENSES 24,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02149698
IRS990/TotalAssetsEOYAmt02131551
IRS990/TotalAssetsGrp/BOYAmt02149698
IRS990/TotalAssetsGrp/EOYAmt02131551
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03188
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt087008
IRS990/TotalFunctionalExpensesGrp/TotalAmt090196
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02149698
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02131551
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt087008
IRS990/TotalProgramServiceRevenueAmt069550
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0974
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt071075
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt072049
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02149698
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02131551
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 185
IRS990/USAddress/CityNm0MIDDLESBORO
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd0409650788
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL BRYANT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06062489537
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BELL CO ECONOMIC DEVELOPMENT FDTN INC
ReturnHeader/Filer/BusinessNameControlTxt0BELL
ReturnHeader/Filer/EIN0611101518
ReturnHeader/Filer/PhoneNum06062489537
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 185
ReturnHeader/Filer/USAddress/CityNm0MIDDLESBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd0409650788
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0610420207
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JONES NALE & MATTINGLY PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0401 WEST MAIN STREET SUITE 1100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOUISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040202
ReturnHeader/PreparerPersonGrp/PhoneNum05025830248
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRANDON MAYES
ReturnHeader/ReturnTs02022-02-15T08:29:26-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PAUL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BRYANT
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,131,551
Liabilities
$0
Net assets
$2,131,551
Revenue
$72,049
Expenses
$90,196
Net income
-$18,147
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.03$0.09$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$0.63$0.11$0.74
2022Detailed filing. Detailed filing data is available for this year.$2.28$0.00$2.28$0.26$0.12$0.14
2021Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$0.07$0.09$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.15$0.00$2.15$0.11$0.17$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$0.23$0.15$0.08
2018Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$0.11$0.14$0.03
2017Detailed filing. Detailed filing data is available for this year.$2.15$0.00$2.15$0.20$0.20$0.00
2016Summary only. Only limited summary data is available for this year.$2.15$0.00$2.15$0.31$0.35$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.19$0.00$2.19$0.18$0.23$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$0.01$0.09$0.08
2013Detailed filing. Detailed filing data is available for this year.$2.32$0.00$2.32$0.00$0.11$0.11
2012Summary only. Only limited summary data is available for this year.$2.43$0.00$2.43$0.13$0.05$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$0.00$2.36$0.05
2010Summary only. Only limited summary data is available for this year.$2.37$0.00$2.37$0.11$0.04$0.08