Civic Intelligence

Prestonsburg Economic Development Foundation

990 • Fiscal year 2025 • EIN 61-1326954

Jan 01, 2025 to Dec 31, 2025 • Filed on Feb 09, 2026

Organization ProfileN/A
382 Maple AvenuePrestonsburg, KY 41653

(606) 434-9478

Siviq Scores

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

Liabilities / Assets

41st percentile

0.00x

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

2025 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

42nd percentile

0.00x

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

2025 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2025

Net Margin

8th percentile

-29%

Higher net margin than 8% of similar nonprofits.

2025 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2025 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2025

Asset Growth

32nd percentile

-1.2%

Faster asset growth than 32% of similar nonprofits.

2025 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

65th percentile

11%

Faster revenue growth than 65% of similar nonprofits.

2025 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$653,218

Down $8,065 (-1.2%) from 2024

Net Assets

Down

$653,218

Down $8,065 (-1.2%) from 2024

Liabilities

Flat

$0

Flat from 2024

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin8th percentile

Revenue

Up

$27,364

Up $2,636 (+11%) from 2024

Expenses

Up

$35,429

Up $16,826 (+90%) from 2024

Net Income

Down

-$8,065

Down $14,190 (-232%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$1.5M$1.0M$500K$0Assets 2011: $758,645Liabilities 2011: $0Net Assets 2011: $758,6452011Assets 2012: $756,043Liabilities 2012: $0Net Assets 2012: $756,0432012Assets 2013: $758,885Liabilities 2013: $0Net Assets 2013: $758,8852013Assets 2014: $760,821Liabilities 2014: $0Net Assets 2014: $760,8212014Assets 2015: $1,109,212Liabilities 2015: $350,000Net Assets 2015: $759,2122015Assets 2016: $1,086,783Liabilities 2016: $350,000Net Assets 2016: $736,7832016Assets 2017: $1,074,020Liabilities 2017: $350,000Net Assets 2017: $724,0202017Assets 2018: $1,057,823Liabilities 2018: $350,000Net Assets 2018: $707,8232018Assets 2019: $1,042,092Liabilities 2019: $350,000Net Assets 2019: $692,0922019Assets 2020: $1,045,992Liabilities 2020: $350,000Net Assets 2020: $695,9922020Assets 2021: $1,035,295Liabilities 2021: $350,000Net Assets 2021: $685,2952021Assets 2022: $1,015,375Liabilities 2022: $338,843Net Assets 2022: $676,5322022Assets 2023: $999,496Liabilities 2023: $344,338Net Assets 2023: $655,1582023Assets 2024: $661,283Liabilities 2024: $0Net Assets 2024: $661,2832024Assets 2025: $653,218Liabilities 2025: $0Net Assets 2025: $653,2182025

Highlighted filing

2025

Assets$653,218
Liabilities$0
Net Assets$653,218
Open 2025 Filing

Operations Trend

Revenue Growth65th percentile

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

$50K$0-$50K-$100KRevenue 2011: -$32,083Expenses 2011: $42,247Net Income 2011: -$74,3302011Revenue 2012: $16,272Expenses 2012: $18,874Net Income 2012: -$2,6022012Revenue 2013: $15,273Expenses 2013: $12,431Net Income 2013: $2,8422013Revenue 2014: $16,536Expenses 2014: $14,600Net Income 2014: $1,9362014Revenue 2015: $16,563Expenses 2015: $18,172Net Income 2015: -$1,6092015Revenue 2016: $13,722Expenses 2016: $36,151Net Income 2016: -$22,4292016Revenue 2017: $14,214Expenses 2017: $26,977Net Income 2017: -$12,7632017Revenue 2018: $14,160Expenses 2018: $30,357Net Income 2018: -$16,1972018Revenue 2019: $14,663Expenses 2019: $30,394Net Income 2019: -$15,7312019Revenue 2020: $24,602Expenses 2020: $20,701Net Income 2020: $3,9012020Revenue 2021: $15,543Expenses 2021: $26,240Net Income 2021: -$10,6972021Revenue 2022: $17,297Expenses 2022: $26,060Net Income 2022: -$8,7632022Revenue 2023: $17,288Expenses 2023: $38,662Net Income 2023: -$21,3742023Revenue 2024: $24,728Expenses 2024: $18,603Net Income 2024: $6,1252024Revenue 2025: $27,364Expenses 2025: $35,429Net Income 2025: -$8,0652025

Highlighted filing

2025

Revenue$27,364
Expenses$35,429
Net Income-$8,065
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Feb 9, 2026
Return Version
2025v4.0
Gross Receipts
$27,364
Mission and Program Overview

Mission

The organizations primary mission is to perform industrial development that will improve the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$661,283$653,218▼ $8,065
Land, Buildings, and Equipment, Net$359,649$359,649→ $0
Cash and Non-Interest-Bearing Accounts$301,634$293,569▼ $8,065
Total Assets$661,283$653,218▼ $8,065
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$661,283$653,218▼ $8,065
Total Liabilities and Net Assets / Fund Balance$661,283$653,218▼ $8,065

Asset Categories

AssetBook ValueDepreciationBasis
Land$359,649-$359,649
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Thomas NairnPresident
Beau SpurlockDirector
Burl W SurlockDirector
David EllisDirector
Edward R NairnDirector
Estill L CarterDirector
Greg WilsonDirector
Josh TurnerDirector
Lloyd StapletonDirector
Paul P HughesDirector
Robert R Allen IiSecretarytreasuer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$13,365
Other Revenue
$13,999
Change in Net Assets
$-8,065
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$35,429
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-$26,463-$26,463
Fees for Services Accounting-$1,000-$1,000
Office Expenses-$950-$950
Other Expenses-$850-$850
Total Functional Expenses$0$35,429$0$35,429
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“Copy of return was provided for review by governing body.”

Conflict of interest policy compliance Part VI line 12C

“Board has adopted a conflict of interest policy and availible upon request.”

CEO executive director top management comp Part VI line 15A

“No compensation is provided to anyone including the board and director.”

Other officer or key employee compensation Part VI line 15B

“No compensation is provided to anyone including the board and officers.”

Governing documents etc available to public Part VI line 19

“AVAILBLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Prestonsburg Economic Development
EIN
61-1326954
In Care Of
% ROBERT R ALLEN II
Phone
6064349478
Address
382 MAPLE AVENUE, Prestonsburg, KY 41653
Doing Business As
Foundation

Signing Officer

Name
Robert R Allen Ii
Title
Sectreas
Phone
8593028539
Signed
2026-02-09
Discuss with paid preparer
Yes

Organization Details

Formed
2004
Legal Domicile
Ky
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
David L Garrett CPA PSC
Address
P O Box 952, Allen, KY 41601
Preparer
David L Garrett CPA
Phone
6068740829
Supplemental Narrative

Additional Explanations

Other or change in accounting method Part XII line 1

“No documents, poloicies, and ect are regularly published. Upon request copies of governing documents and financials are available.”

List of other fees for services expenses Part IX line 11G

“ENGINEERING FEES.”

List of other expenses Part IX line 24E

“VARIOUS OTHER EXPENSES”

Raw XML Appendix332 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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IRS990/Form990PartVIISectionAGrp/PersonNm3BEAU SPURLOCK
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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/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARYTREASUER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY OF RETURN WAS PROVIDED FOR REVIEW BY GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD HAS ADOPTED A CONFLICT OF INTEREST POLICY AND AVAILIBLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO COMPENSATION IS PROVIDED TO ANYONE INCLUDING THE BOARD AND DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO COMPENSATION IS PROVIDED TO ANYONE INCLUDING THE BOARD AND OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILBLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS, POLOICIES, AND ECT ARE REGULARLY PUBLISHED. UPON REQUEST COPIES OF GOVERNING DOCUMENTS AND FINANCIALS ARE AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ENGINEERING FEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7VARIOUS OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other or change in accounting method Part XII line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalAssetsEOYAmt0653218
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035429
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt035429
IRS990/TotalGrossUBIAmt027364
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0653218
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt027364
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt027364
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0661283
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0653218
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT R ALLEN II
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECTREAS
ReturnHeader/BusinessOfficerGrp/PhoneNum08593028539
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRESTONSBURG ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0PRES
ReturnHeader/Filer/EIN0611326954
ReturnHeader/Filer/InCareOfNm0% ROBERT R ALLEN II
ReturnHeader/Filer/PhoneNum06064349478
ReturnHeader/Filer/USAddress/AddressLine1Txt0382 MAPLE AVENUE
ReturnHeader/Filer/USAddress/CityNm0Prestonsburg
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd041653
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0462469017
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0David L Garrett CPA PSC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O Box 952
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Allen
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd041601
ReturnHeader/PreparerPersonGrp/PhoneNum06068740829
ReturnHeader/PreparerPersonGrp/PreparationDt02026-02-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID L GARRETT CPA
ReturnHeader/ReturnTs02026-02-12T17:32:29-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$653,218
Liabilities
$0
Net assets
$653,218
Revenue
$27,364
Expenses
$35,429
Net income
-$8,065
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.03$0.04$0.01
2024Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$0.02$0.02$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.00$0.34$0.66$0.02$0.04$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.02$0.34$0.68$0.02$0.03$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.04$0.35$0.69$0.02$0.03$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.05$0.35$0.70$0.02$0.02$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.04$0.35$0.69$0.01$0.03$0.02
2018Summary only. Only limited summary data is available for this year.$1.06$0.35$0.71$0.01$0.03$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.07$0.35$0.72$0.01$0.03$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.09$0.35$0.74$0.01$0.04$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.11$0.35$0.76$0.02$0.02$0.00
2014Summary only. Only limited summary data is available for this year.$0.76$0.00$0.76$0.02$0.01$0.00
2013Summary only. Only limited summary data is available for this year.$0.76$0.00$0.76$0.02$0.01$0.00
2012Summary only. Only limited summary data is available for this year.$0.76$0.00$0.76$0.02$0.02$0.00
2011Summary only. Only limited summary data is available for this year.$0.76$0.00$0.76$0.03$0.04$0.07