Civic Intelligence

Webster County Economic Development

990 • Fiscal year 2018 • EIN 61-1155497

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 03, 2018

Organization ProfileN/A
PO Box 296Dixon, KY 42409

(270) 639-5042

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

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

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

9th percentile

0.00x

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

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

1st percentile

-163%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

24th percentile

-5.1%

Faster asset growth than 24% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

97th percentile

66%

Faster revenue growth than 97% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets9th percentile

Assets

Down

$3,254,009

Down $175,811 (-5.1%) from 2017

Net Assets

Down

$3,254,009

Down $175,811 (-5.1%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin1st percentile

Revenue

Up

$107,769

Up $42,730 (+66%) from 2017

Expenses

Down

$283,580

Down $11,593 (-3.9%) from 2017

Net Income

Up

-$175,811

Up $54,323 (+24%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,402,101Liabilities 2011: $0Net Assets 2011: $1,402,1012011Assets 2012: $1,407,764Liabilities 2012: $0Net Assets 2012: $1,407,7642012Assets 2013: $3,897,157Liabilities 2013: $0Net Assets 2013: $3,897,1572013Assets 2014: $3,898,556Liabilities 2014: $0Net Assets 2014: $3,898,5562014Assets 2015: $3,675,558Liabilities 2015: $0Net Assets 2015: $3,675,5582015Assets 2016: $3,659,954Liabilities 2016: $0Net Assets 2016: $3,659,9542016Assets 2017: $3,429,820Liabilities 2017: $0Net Assets 2017: $3,429,8202017Assets 2018: $3,254,009Liabilities 2018: $0Net Assets 2018: $3,254,0092018Assets 2019: $3,076,820Liabilities 2019: $0Net Assets 2019: $3,076,8202019Assets 2020: $3,132,817Liabilities 2020: $0Net Assets 2020: $3,132,8172020Assets 2021: $3,184,157Liabilities 2021: $0Net Assets 2021: $3,184,1572021Assets 2022: $117,236Liabilities 2022: $0Net Assets 2022: $117,2362022Assets 2023: $62,585Liabilities 2023: $0Net Assets 2023: $62,5852023Assets 2024: $62,176Liabilities 2024: $0Net Assets 2024: $62,1762024

Highlighted filing

2018

Assets$3,254,009
Liabilities$0
Net Assets$3,254,009
Open 2018 Filing

Operations Trend

Revenue Growth97th percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2011: $35,645Expenses 2011: $37,730Net Income 2011: -$2,0852011Revenue 2012: $33,094Expenses 2012: $27,431Net Income 2012: $5,6632012Revenue 2013: $2,700,308Expenses 2013: $210,915Net Income 2013: $2,489,3932013Revenue 2014: $66,996Expenses 2014: $65,597Net Income 2014: $1,3992014Revenue 2015: $125,384Expenses 2015: $348,382Net Income 2015: -$222,9982015Revenue 2016: $73,870Expenses 2016: $89,474Net Income 2016: -$15,6042016Revenue 2017: $65,039Expenses 2017: $295,173Net Income 2017: -$230,1342017Revenue 2018: $107,769Expenses 2018: $283,580Net Income 2018: -$175,8112018Revenue 2019: $88,214Expenses 2019: $265,403Net Income 2019: -$177,1892019Revenue 2020: $62,041Expenses 2020: $6,044Net Income 2020: $55,9972020Revenue 2021: $55,145Expenses 2021: $3,805Net Income 2021: $51,3402021Revenue 2022: $22,798Expenses 2022: $3,089,719Net Income 2022: -$3,066,9212022Revenue 2023: $424Expenses 2023: $55,075Net Income 2023: -$54,6512023Revenue 2024: $404Expenses 2024: $813Net Income 2024: -$4092024

Highlighted filing

2018

Revenue$107,769
Expenses$283,580
Net Income-$175,811
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 3, 2018
Return Version
2017v2.3
Gross Receipts
$107,769
Mission and Program Overview

Mission

To promote economic development in webster county by creating opportunities in conjunction with other organizations to obtain grants and provide seed money to new and existing businesses under state mandated guidelines for such monies.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,942,235$1,859,384▼ $82,851
Other Notes and Loans Receivable, Net$1,487,584$1,394,624▼ $92,960
Cash and Non-Interest-Bearing Accounts$1$1→ $0
Total Assets$3,429,820$3,254,009▼ $175,811
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,399,080$3,165,412▼ $233,668
Unrestricted Net Assets$30,740$88,597▲ $57,857
Total Net Assets Fund Balance$3,429,820$3,254,009▼ $175,811
Total Liabilities and Net Assets / Fund Balance$3,429,820$3,254,009▼ $175,811
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Steven WhitsellChairman
Michael FarrisOfficer
Shellie K UtleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,500
Investment Income
$102,200
Other Revenue
$4,069
Change in Net Assets
$-175,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$275,000
Other Expenses$8,580
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$275,000--$275,000
Insurance-$5,340-$5,340
Occupancy$1,729--$1,729
Fees for Services Accounting-$490-$490
Other Expenses$250--$250
Office Expenses$56--$56
Fees for Services Legal$15--$15
Total Functional Expenses$277,750$5,830$0$283,580
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kentucky State TreasurerFrankfort, KY-Kids to College Comm$250,000
KyndleHenderson, KYGovRegional Economic Gr$25,000
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Shellie K UtleyBoard MemberTax Return PrepNo$490
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Shares in the corporation shall be sold to individuals or businesses at the rate of 50.00 (fifty dollars) per share. An individual business or other corporation shall be entitled to own only one share in this corporation and thus will be entitled to but one vote in the management of affairs of the corporation. The business and affairs of the corporation shal be managed by its board of directors. The director must have a vested interest in webster county kentucky and shareholders of the corporation.”

Form 990, Page 6, Part VI, Line 7B

“All business matters undertaken by the corporation shall be approved at any meeting that a quorum is present. A quorum is a majority of the active or currently seated directors, vacancies are not counted.”

Form 990, Page 6, Part VI, Line 11B

“The executive director and finance committee review the form 990 for completeness and accuracy.”

Form 990, Page 6, Part VI, Line 19

“The webster county economic development corporation will make its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Webster County Economic Development
EIN
61-1155497
Phone
2706395042
Address
PO BOX 296, DIXON, KY 42409

Signing Officer

Name
Shellie K Utley
Title
Treasurer
Phone
2706395042
Signed
2018-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Whitsell
Formed
1986
Legal Domicile
Ky
Voting Board Members
15
Independent Board Members
15
Employees
0

Preparer

Firm
Berry Kington & Utley Psc
Address
2822 N MAIN ST, MADISONVILLE, KY 42431-9484
Preparer
Shellie K Utley CPA
Phone
2708213355
Supplemental Narrative

Additional Explanations

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

“To promote economic development in webster county by creating opportunities in conjunction with other organizations to obtain grants and provide seed money to new and existing businesses under state mandated guidelines for such monies.”

Raw XML Appendix284 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/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SEE SCHEDULE O
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BooksInCareOfDetail/PersonNm0SHELLIE K UTLEY
IRS990/BooksInCareOfDetail/PhoneNum02706395042
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 296
IRS990/BooksInCareOfDetail/USAddress/CityNm0DIXON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd042409
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt01
IRS990/CashNonInterestBearingGrp/EOYAmt01
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0275000
IRS990/CYInvestmentIncomeAmt0102200
IRS990/CYOtherExpensesAmt08580
IRS990/CYOtherRevenueAmt04069
IRS990/CYProgramServiceRevenueAmt01500
IRS990/CYRevenuesLessExpensesAmt0-175811
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0283580
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0107769
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0PART IX LINE 25 COLUMN B NOTHING REPORTED AS PER INSTRUCTIONS. NO DETAIL REQUIRED ON LINE 4A. MEMBERSHIP DUES ARE BILLED TO MEMBERS IN THE FALL FOR THE UPCOMING YEAR. PURPOSE TO ALLOW CURRENT MEMBERS OF LOCAL BUSINESS ENTERPRISES TO HAVE A VENUE TO SEEK NEW AND EXPANDING BUSINESS OPPORTUNITIES FOR THE LOCAL COMMUNITY.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0490
IRS990/FeesForServicesAccountingGrp/TotalAmt0490
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt015
IRS990/FeesForServicesLegalGrp/TotalAmt015
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0STEVEN WHITSELL
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHAEL FARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm2SHELLIE K UTLEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0275000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0275000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0107769
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt015
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt05340
IRS990/InsuranceGrp/TotalAmt05340
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0102200
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0102200
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0KY
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SEE SCHEDULE O
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03429820
IRS990/NetAssetsOrFundBalancesEOYAmt03254009
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt01729
IRS990/OccupancyGrp/TotalAmt01729
IRS990/OfficeExpensesGrp/ProgramServicesAmt056
IRS990/OfficeExpensesGrp/TotalAmt056
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc1ADVERTISING
IRS990/OtherExpensesGrp/ProgramServicesAmt0700
IRS990/OtherExpensesGrp/ProgramServicesAmt1250
IRS990/OtherExpensesGrp/TotalAmt0700
IRS990/OtherExpensesGrp/TotalAmt1250
IRS990/OtherRevenueMiscGrp/Desc0REIMBURSEMENT
IRS990/OtherRevenueMiscGrp/Desc1MISC REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03527
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1542
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03527
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1542
IRS990/OtherRevenueTotalAmt04069
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01487584
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01394624
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0STEVEN WHITSELL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FACTORY SITE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01500
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO PROMOTE ECONOMIC DEVELOPMENT IN WEBSTER COUNTY BY CREATING OPPORTUNITIES IN CONJUNCTION WITH OTHER ORGANIZATIONS TO OBTAIN GRANTS AND PROVIDE SEED MONEY TO NEW AND EXISTING BUSINESSES UNDER STATE MANDATED GUIDELINES FOR SUCH MONIES.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt015
IRS990/PYGrantsAndSimilarPaidAmt0275000
IRS990/PYInvestmentIncomeAmt049034
IRS990/PYOtherExpensesAmt020173
IRS990/PYOtherRevenueAmt0990
IRS990/PYProgramServiceRevenueAmt015000
IRS990/PYRevenuesLessExpensesAmt0-230134
IRS990/PYTotalExpensesAmt0295173
IRS990/PYTotalRevenueAmt065039
IRS990/ReconcilationRevenueExpnssAmt0-175811
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01942235
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01859384
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
IRS990ScheduleI/RecipientTable/CashGrantAmt1250000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0REGIONAL ECONOMIC GR
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1KIDS TO COLLEGE COMM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0KYNDLE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1KENTUCKY STATE TREASURER
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0136 2ND ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1501 HIGH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HENDERSON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1FRANKFORT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1KY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd042420
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd140601
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0SHELLIE K UTLEY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0490
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0TAX RETURN PREP
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROMOTE ECONOMIC DEVELOPMENT IN WEBSTER COUNTY BY CREATING OPPORTUNITIES IN CONJUNCTION WITH OTHER ORGANIZATIONS TO OBTAIN GRANTS AND PROVIDE SEED MONEY TO NEW AND EXISTING BUSINESSES UNDER STATE MANDATED GUIDELINES FOR SUCH MONIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SHARES IN THE CORPORATION SHALL BE SOLD TO INDIVIDUALS OR BUSINESSES AT THE RATE OF 50.00 (FIFTY DOLLARS) PER SHARE. AN INDIVIDUAL BUSINESS OR OTHER CORPORATION SHALL BE ENTITLED TO OWN ONLY ONE SHARE IN THIS CORPORATION AND THUS WILL BE ENTITLED TO BUT ONE VOTE IN THE MANAGEMENT OF AFFAIRS OF THE CORPORATION. THE BUSINESS AND AFFAIRS OF THE CORPORATION SHAL BE MANAGED BY ITS BOARD OF DIRECTORS. THE DIRECTOR MUST HAVE A VESTED INTEREST IN WEBSTER COUNTY KENTUCKY AND SHAREHOLDERS OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BUSINESS MATTERS UNDERTAKEN BY THE CORPORATION SHALL BE APPROVED AT ANY MEETING THAT A QUORUM IS PRESENT. A QUORUM IS A MAJORITY OF THE ACTIVE OR CURRENTLY SEATED DIRECTORS, VACANCIES ARE NOT COUNTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR AND FINANCE COMMITTEE REVIEW THE FORM 990 FOR COMPLETENESS AND ACCURACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE WEBSTER COUNTY ECONOMIC DEVELOPMENT CORPORATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03399080
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03165412
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03429820
IRS990/TotalAssetsEOYAmt03254009
IRS990/TotalAssetsGrp/BOYAmt03429820
IRS990/TotalAssetsGrp/EOYAmt03254009
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05830
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0277750
IRS990/TotalFunctionalExpensesGrp/TotalAmt0283580
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03429820
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03254009
IRS990/TotalProgramServiceRevenueAmt01500
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0107769
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0107769
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03429820
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03254009
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt030740
IRS990/UnrestrictedNetAssetsGrp/EOYAmt088597
IRS990/USAddress/AddressLine1Txt0PO BOX 296
IRS990/USAddress/CityNm0DIXON
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd042409
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SHELLIE K UTLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02706395042
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEBSTER COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0WEBS
ReturnHeader/Filer/EIN0611155497
ReturnHeader/Filer/PhoneNum02706395042
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 296
ReturnHeader/Filer/USAddress/CityNm0DIXON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd042409
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C40F91D41072E5AC59435C623E526D9F7E595788
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06BE3FBFDB29AD99E8DD12A2A7DB39912DF281DE9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.100.53.18
ReturnHeader/FilingSecurityInformation/IPDt02018-11-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm010:49:38
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611330161
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERRY KINGTON & UTLEY PSC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02822 N MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISONVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0424319484
ReturnHeader/PreparerPersonGrp/PhoneNum02708213355
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELLIE K UTLEY CPA
ReturnHeader/ReturnTs02018-11-12T10:49:38-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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
$3,254,009
Liabilities
$0
Net assets
$3,254,009
Revenue
$107,769
Expenses
$283,580
Net income
-$175,811
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.00$0.06$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.02$3.09$3.07
2021Detailed filing. Detailed filing data is available for this year.$3.18$0.00$3.18$0.06$0.00$0.05
2020Detailed filing. Detailed filing data is available for this year.$3.13$0.00$3.13$0.06$0.01$0.06
2019Detailed filing. Detailed filing data is available for this year.$3.08$0.00$3.08$0.09$0.27$0.18
2018Detailed filing. Detailed filing data is available for this year.$3.25$0.00$3.25$0.11$0.28$0.18
2017Detailed filing. Detailed filing data is available for this year.$3.43$0.00$3.43$0.07$0.30$0.23
2016Detailed filing. Detailed filing data is available for this year.$3.66$0.00$3.66$0.07$0.09$0.02
2015Detailed filing. Detailed filing data is available for this year.$3.68$0.00$3.68$0.13$0.35$0.22
2014Detailed filing. Detailed filing data is available for this year.$3.90$0.00$3.90$0.07$0.07$0.00
2013Summary only. Only limited summary data is available for this year.$3.90$0.00$3.90$2.70$0.21$2.49
2012Summary only. Only limited summary data is available for this year.$1.41$0.00$1.41$0.03$0.03$0.01
2011Summary only. Only limited summary data is available for this year.$1.40$0.00$1.40$0.04$0.04$0.00