Civic Intelligence

Bowling Green Area Economic Development Authority Inc

990 • Fiscal year 2020 • EIN 61-1329659

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 09, 2021

Organization ProfileWWW.BGCHAMBER.ORG
710 College StreetBowling Green, KY 42101

(270) 781-3200

Siviq Scores

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

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

13th percentile

0.04x

Higher debt load relative to revenue than 13% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Net Margin

96th percentile

49%

Higher net margin than 96% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

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

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

61%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$8,078,721

Up $873,693 (+12%) from 2019

Net Assets

Up

$8,012,738

Up $864,887 (+12%) from 2019

Liabilities

Up

$65,983

Up $8,806 (+15%) from 2019

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin96th percentile

Revenue

Up

$1,757,752

Up $663,726 (+61%) from 2019

Expenses

Down

$892,865

Down $48,950 (-5.2%) from 2019

Net Income

Up

$864,887

Up $712,676 (+468%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$10M$5.0M$0Assets 2011: $7,542,391Liabilities 2011: $1,041,499Net Assets 2011: $6,500,8922011Assets 2012: $7,473,656Liabilities 2012: $706,315Net Assets 2012: $6,767,3412012Assets 2013: $7,426,159Liabilities 2013: $655,621Net Assets 2013: $6,770,5382013Assets 2014: $7,792,900Liabilities 2014: $1,026,516Net Assets 2014: $6,766,3842014Assets 2015: $7,845,348Liabilities 2015: $865,993Net Assets 2015: $6,979,3552015Assets 2016: $7,741,677Liabilities 2016: $646,774Net Assets 2016: $7,094,9032016Assets 2017: $7,619,234Liabilities 2017: $623,833Net Assets 2017: $6,995,4012017Assets 2018: $7,001,794Liabilities 2018: $6,153Net Assets 2018: $6,995,6412018Assets 2019: $7,205,028Liabilities 2019: $57,177Net Assets 2019: $7,147,8512019Assets 2020: $8,078,721Liabilities 2020: $65,983Net Assets 2020: $8,012,7382020Assets 2021: $8,997,168Liabilities 2021: $63,812Net Assets 2021: $8,933,3562021Assets 2022: $8,693,334Liabilities 2022: $58,541Net Assets 2022: $8,634,7932022Assets 2023: $8,754,370Liabilities 2023: $6,485Net Assets 2023: $8,747,8852023Assets 2024: $8,907,856Liabilities 2024: $11,424Net Assets 2024: $8,896,4322024

Highlighted filing

2020

Assets$8,078,721
Liabilities$65,983
Net Assets$8,012,738
Open 2020 Filing

Operations Trend

Revenue Growth97th percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $1,017,7592011Expenses 2012: $975,1322012Revenue 2013: $998,800Expenses 2013: $995,603Net Income 2013: $3,1972013Revenue 2014: $891,363Expenses 2014: $895,517Net Income 2014: -$4,1542014Revenue 2015: $3,836,532Expenses 2015: $3,623,561Net Income 2015: $212,9712015Revenue 2016: $1,946,884Expenses 2016: $1,831,336Net Income 2016: $115,5482016Revenue 2017: $869,354Expenses 2017: $968,856Net Income 2017: -$99,5022017Revenue 2018: $897,139Expenses 2018: $896,899Net Income 2018: $2402018Revenue 2019: $1,094,026Expenses 2019: $941,815Net Income 2019: $152,2112019Revenue 2020: $1,757,752Expenses 2020: $892,865Net Income 2020: $864,8872020Revenue 2021: $1,757,615Expenses 2021: $836,997Net Income 2021: $920,6182021Revenue 2022: $707,153Expenses 2022: $1,005,716Net Income 2022: -$298,5632022Revenue 2023: $1,120,837Expenses 2023: $1,007,745Net Income 2023: $113,0922023Revenue 2024: $1,172,528Expenses 2024: $1,023,981Net Income 2024: $148,5472024

Highlighted filing

2020

Revenue$1,757,752
Expenses$892,865
Net Income$864,887
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 9, 2021
Return Version
2020v4.1
Gross Receipts
$4,759,774
Mission and Program Overview

Mission

The eda was organized to provide resources with an economic development vision to seek and assist in establishing industrial parks by offering incentive packages and creating a team for ongoing community development in the south central kentucky area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,944,683$2,844,930▲ $900,247
Other Notes and Loans Receivable, Net-$2,135,794-
Cash and Non-Interest-Bearing Accounts$777,152$1,587,398▲ $810,246
Land, Buildings, and Equipment, Net$1,243,227$1,045,716▼ $197,511
Inventories for Sale or Use$3,207,743$336,221▼ $2,871,522
Accounts Receivable$497$95,230▲ $94,733
Prepaid Expenses and Deferred Charges$31,726$33,432▲ $1,706
Total Assets$7,205,028$8,078,721▲ $873,693
Liabilities
Deferred Revenue-$55,808-
Accounts Payable and Accrued Expenses$57,177$10,175▼ $47,002
Total Liabilities$57,177$65,983▲ $8,806
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,147,851$8,000,021▲ $852,170
Net Assets With Donor Restrictions-$12,717-
Total Net Assets Fund Balance$7,147,851$8,012,738▲ $864,887
Total Liabilities and Net Assets / Fund Balance$7,205,028$8,078,721▲ $873,693

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$787,707$4,224,975$5,012,682
Land$257,518-$257,518
Equipment$491$983$1,474
Compensation and Service Providers
Top Officer Pay11th percentile

Board Members and Trustees

NameTitle
Eric WalkerChair
Steve DavisChair-elect
Ron BunchPresident/CEO
Alex NottmeierDirector
Ann PuckettDirector
Bill GreerDirector
Brad HowardDirector
Brent ChildersDirector
Craig MccormickDirector
Doug GormanDirector
Gary DillardDirector
Greg BurrellDirector
Kim ThomasDirector
Michael MurphyDirector
Rick WilsonDirector
Rodney RogersDirector
Chris ThornSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$182,500
Program Service Revenue
$670,674
Investment Income
$903,577
Other Revenue
$1,001
Change in Net Assets
$864,887

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,705,778
Revenue Not Reported on Financial Statements
$-2,948,026
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-2,948,026
Total Revenue per Audited Statements
$4,705,778
Total Revenue per Form 990
$1,757,752
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$892,865
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 Management---$493,760
Advertising---$169,783
Depreciation Depletion---$143,514
Fees for Services Legal---$34,470
Fees for Services Accounting---$16,993
Fees for Services Other---$10,645
Insurance---$9,326
Other Expenses---$1,144
Total Functional Expenses$0$0$0$892,865

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,840,891
Expenses Not Reported on Form 990$2,948,026
Expenses per Audited Statements$892,865
Total Expenses per Form 990$892,865
Expenses Not Reported on Financial Statements$0
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
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Various members of the authority are banking officers with financial institutions within the community. As such, it can be commonly expected that the financial institutions have professional relationships with business owners who also serve as board members.”

Form 990, Part VI, Section A, Line 3

“The authority contracts with the bowling green chamber of commerce to provide all administrative and management services.”

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

“Preliminary draft of 990 is reviewed by organization prior to filing with internal revenue service”

Form 990, Part VI, Section B, Line 12C

“Organization directors are required to sign conflict of interest disclosures upon becoming a director. In addition, every director is required to update disclosure annually.”

Form 990, Part VI, Section C, Line 19

“Organizational documents are made available upon request”

Filing and Contact Details

Filer

Filer Name
Bowling Green Area Economic
EIN
61-1329659
Phone
2707813200
Address
710 COLLEGE STREET, BOWLING GREEN, KY 42101

Signing Officer

Name
Ron Bunch
Title
President & CEO
Phone
2707813200
Signed
2021-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ron Bunch
Formed
1998
Legal Domicile
Ky
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
0

Preparer

Firm
Carr Riggs & Ingram
Address
922 STATE STREET SUITE 100, BOWLING GREEN, KY 42101
Preparer
Mills L White Jr
Phone
2707820700
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Under section 501(c)(6) of the internal revenue code, the authority is exempt from taxes on income. The authority utilizes the accounting requirements associated with uncertainty in income taxes using the provisions of financial accounting standards board (fasb) asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of december 31, 2020 and 2019, the authority has no uncertain tax provisions that qualify for recognition or disclosure in the financial statements.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“COST OF LAND SALES”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“COST OF LAND SALES”

Raw XML AppendixShowing 400 of 444 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/LandBldgEquipBasisNetGrp/BOYAmt01243227
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01045716
IRS990/LandBldgEquipCostOrOtherBssAmt05271674
IRS990/LegalDomicileStateCd0KY
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt03002022
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE EDA WAS ORGANIZED TO PROVIDE RESOURCES WITH AN ECONOMIC DEVELOPMENT VISION TO SEEK AND ASSIST IN ESTABLISHING INDUSTRIAL PARKS BY OFFERING INCENTIVE PACKAGES AND CREATING A TEAM FOR ONGOING COMMUNITY DEVELOPMENT IN THE SOUTH CENTRAL KENTUCKY AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07147851
IRS990/NetAssetsOrFundBalancesEOYAmt08012738
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0871474
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0871474
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07147851
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08000021
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SPECULATIVE BUILDING EX
IRS990/OtherExpensesGrp/Desc1PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt07379
IRS990/OtherExpensesGrp/TotalAmt15851
IRS990/OtherExpensesGrp/TotalAmt21144
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01001
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01001
IRS990/OtherRevenueTotalAmt01001
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02135794
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031726
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt033432
IRS990/PrincipalOfficerNm0RON BUNCH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0670674
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0670674
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0187500
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0234876
IRS990/PYOtherExpensesAmt0941815
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0671650
IRS990/PYRevenuesLessExpensesAmt0152211
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0941815
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01094026
IRS990/ReconcilationRevenueExpnssAmt0864887
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01944683
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02844930
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0787707
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04224975
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05012682
IRS990ScheduleD/EquipmentGrp/BookValueAmt0491
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0983
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01474
IRS990ScheduleD/ExpensesNotReportedAmt02948026
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0892865
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0257518
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0257518
IRS990ScheduleD/OtherExpensesIncludedAmt02948026
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-2948026
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-2948026
IRS990ScheduleD/RevenueSubtotalAmt04705778
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, THE AUTHORITY IS EXEMPT FROM TAXES ON INCOME. THE AUTHORITY UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2020 AND 2019, THE AUTHORITY HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF LAND SALES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF LAND SALES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01045716
IRS990ScheduleD/TotalExpensesPerForm990Amt0892865
IRS990ScheduleD/TotalRevenuePerForm990Amt01757752
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04705778
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03840891
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0TRUIST FKA BB&T BANK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1INDEPENDENCE BANK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2GERMAN AMERICAN BANK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt3CHASE BANK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BANKING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1BANKING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2BANKING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3BANKING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd30
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd40
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EDA DIRECTOR RICK WILSON IS AN OFFICER WITH TRUIST FKA BB&T BANK. THE AUTHORITY HAS ARMS-LENGTH BANKING RELATIONSHIPS WITH THE BANK.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1EDA DIRECTOR BRAD HOWARD IS AN OFFICER WITH INDEPENDENCE BANK. THE AUTHORITY HAS ARMS-LENGTH BANKING RELATIONSHIPS WITH THE BANK.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2EDA DIRECTOR KIM THOMAS IS AN OFFICER WITH GERMAN AMERICAN BANK. THE AUTHORITY HAS ARMS-LENGTH BANKING RELATIONSHIPS WITH THE BANK.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3EDA DIRECTOR CRAIG MCCORMICK IS AN OFFICER WITH CHASE BANK. THE AUTHORITY HAS ARMS-LENGTH BANKING RELATIONSHIPS WITH THE BANK.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VARIOUS MEMBERS OF THE AUTHORITY ARE BANKING OFFICERS WITH FINANCIAL INSTITUTIONS WITHIN THE COMMUNITY. AS SUCH, IT CAN BE COMMONLY EXPECTED THAT THE FINANCIAL INSTITUTIONS HAVE PROFESSIONAL RELATIONSHIPS WITH BUSINESS OWNERS WHO ALSO SERVE AS BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE AUTHORITY CONTRACTS WITH THE BOWLING GREEN CHAMBER OF COMMERCE TO PROVIDE ALL ADMINISTRATIVE AND MANAGEMENT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRELIMINARY DRAFT OF 990 IS REVIEWED BY ORGANIZATION PRIOR TO FILING WITH INTERNAL REVENUE SERVICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION DIRECTORS ARE REQUIRED TO SIGN CONFLICT OF INTEREST DISCLOSURES UPON BECOMING A DIRECTOR. IN ADDITION, EVERY DIRECTOR IS REQUIRED TO UPDATE DISCLOSURE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ORGANIZATIONAL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07205028
IRS990/TotalAssetsEOYAmt08078721
IRS990/TotalAssetsGrp/BOYAmt07205028
IRS990/TotalAssetsGrp/EOYAmt08078721
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0182500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0892865
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt057177
IRS990/TotalLiabilitiesEOYAmt065983
IRS990/TotalLiabilitiesGrp/BOYAmt057177
IRS990/TotalLiabilitiesGrp/EOYAmt065983
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07147851
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08012738
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0670674
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01574251
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01001
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01757752
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07205028
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08078721
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,078,721
Liabilities
$65,983
Net assets
$8,012,738
Revenue
$1,757,752
Expenses
$892,865
Net income
$864,887
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.91$0.01$8.90$1.17$1.02$0.15
2023Detailed filing. Detailed filing data is available for this year.$8.75$0.01$8.75$1.12$1.01$0.11
2022Detailed filing. Detailed filing data is available for this year.$8.69$0.06$8.63$0.71$1.01$0.30
2021Detailed filing. Detailed filing data is available for this year.$9.00$0.06$8.93$1.76$0.84$0.92
2020Detailed filing. Detailed filing data is available for this year.$8.08$0.07$8.01$1.76$0.89$0.86
2019Detailed filing. Detailed filing data is available for this year.$7.21$0.06$7.15$1.09$0.94$0.15
2018Detailed filing. Detailed filing data is available for this year.$7.00$0.01$7.00$0.90$0.90$0.00
2017Detailed filing. Detailed filing data is available for this year.$7.62$0.62$7.00$0.87$0.97$0.10
2016Summary only. Only limited summary data is available for this year.$7.74$0.65$7.09$1.95$1.83$0.12
2015Summary only. Only limited summary data is available for this year.$7.85$0.87$6.98$3.84$3.62$0.21
2014Detailed filing. Detailed filing data is available for this year.$7.79$1.03$6.77$0.89$0.90$0.00
2013Detailed filing. Detailed filing data is available for this year.$7.43$0.66$6.77$1.00$1.00$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.47$0.71$6.77$0.98
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.54$1.04$6.50$1.02