Civic Intelligence

Nelson County Economic Development Agency Inc

990 • Fiscal year 2019 • EIN 61-1332010

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 16, 2019

One Court SquareBardstown, KY 40004

(502) 348-6402

Siviq Scores

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

Liabilities / Assets

48th percentile

0.00x

Higher debt load relative to assets than 48% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.00x

Higher debt load relative to revenue than 47% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

33rd percentile

-4.0%

Higher net margin than 33% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

Down

$187,645

Down $13,569 (-6.7%) from 2018

Net Assets

Down

$187,129

Down $13,544 (-6.7%) from 2018

Liabilities

Down

$516

Down $25 (-4.6%) from 2018

Revenue

Up

$340,922

Up $16,085 (+5.0%) from 2018

Expenses

Up

$354,466

Up $38,429 (+12%) from 2018

Net Income

Down

-$13,544

Down $22,344 (-254%) from 2018

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2012: $168,877Liabilities 2012: $301Net Assets 2012: $168,5762012Assets 2013: $176,619Liabilities 2013: $988Net Assets 2013: $175,6312013Assets 2014: $158,415Liabilities 2014: $273Net Assets 2014: $158,1422014Assets 2015: $169,434Liabilities 2015: $287Net Assets 2015: $169,1472015Assets 2016: $194,873Liabilities 2016: $969Net Assets 2016: $193,9042016Assets 2017: $192,730Liabilities 2017: $857Net Assets 2017: $191,8732017Assets 2018: $201,214Liabilities 2018: $541Net Assets 2018: $200,6732018Assets 2019: $187,645Liabilities 2019: $516Net Assets 2019: $187,1292019Assets 2020: $127,434Liabilities 2020: $2,155Net Assets 2020: $125,2792020Assets 2021: $188,272Liabilities 2021: $12,984Net Assets 2021: $175,2882021Assets 2022: $140,061Liabilities 2022: $12,249Net Assets 2022: $127,8122022Assets 2023: $118,021Liabilities 2023: $28,536Net Assets 2023: $89,4852023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2019

Assets$187,645
Liabilities$516
Net Assets$187,129

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $247,048Expenses 2012: $230,572Net Income 2012: $16,4762012Revenue 2013: $258,349Expenses 2013: $251,294Net Income 2013: $7,0552013Revenue 2014: $245,185Expenses 2014: $262,674Net Income 2014: -$17,4892014Revenue 2015: $322,185Expenses 2015: $311,180Net Income 2015: $11,0052015Revenue 2016: $295,347Expenses 2016: $270,590Net Income 2016: $24,7572016Revenue 2017: $253,127Expenses 2017: $294,106Net Income 2017: -$40,9792017Revenue 2018: $324,837Expenses 2018: $316,037Net Income 2018: $8,8002018Revenue 2019: $340,922Expenses 2019: $354,466Net Income 2019: -$13,5442019Revenue 2020: $246,199Expenses 2020: $241,951Net Income 2020: $4,2482020Revenue 2021: $310,713Expenses 2021: $304,734Net Income 2021: $5,9792021Revenue 2022: $435,039Expenses 2022: $443,730Net Income 2022: -$8,6912022Revenue 2023: $531,276Expenses 2023: $569,603Net Income 2023: -$38,3272023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2019

Revenue$340,922
Expenses$354,466
Net Income-$13,544
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 16, 2019
Return Version
2018v3.1
Gross Receipts
$340,922
Mission and Program Overview

Mission

The organization, in conjunction with the city of bardstown and nelson county, kentucky, works to attract and retain industries in the community. All new and existing industries are served.

To promote economic development and attract and retain industries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$199,554$187,645▼ $11,909
Total Assets$201,214$187,645▼ $13,569
Other Assets Total$1,660$0▼ $1,660
Liabilities
Other Liabilities$541$516▼ $25
Total Liabilities$541$516▼ $25
Net Assets / Fund Balance
Unrestricted Net Assets$200,673$187,129▼ $13,544
Total Net Assets Fund Balance$200,673$187,129▼ $13,544
Total Liabilities and Net Assets / Fund Balance$201,214$187,645▼ $13,569
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kimberly HustonPresidentFT$106,757$8,003$114,760

Board Members and Trustees

NameTitle
Bill MccloskeyDirector
Chad MccoyDirector
Dean WattsDirector
Dick HeatonDirector
Jimmy HigdonDirector
John BallardDirector
John DownsDirector
Raffo WimsettDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$228,233
Program Service Revenue
$94,294
Investment Income
$106
Other Revenue
$18,289
All Other Contributions
$228,233
Change in Net Assets
$-13,544
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$186,500
Salaries, Compensation, and Employee Benefits$167,966
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$106,294$8,805-$115,099
Current Officers, Directors, Trustees, and Key Employees-$106,757-$106,757
Other Salaries and Wages-$40,000-$40,000
Office Expenses$9,066$6,094-$15,160
Occupancy-$12,731-$12,731
Payroll Taxes-$10,036-$10,036
Travel-$9,816-$9,816
Other Employee Benefits-$7,970-$7,970
Insurance$3,355$3,703-$7,058
Pension Plan Contributions-$3,203-$3,203
Other Expenses$717$1,720-$2,437
All Other Expenses-$1,274-$1,274
Fees for Services Accounting-$1,176-$1,176
Total Functional Expenses$119,832$234,634$0$354,466
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$516
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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 board is provided a copy of form 990 & reviews before filing.

Form 990, Part VI, Section B, Line 15

Governing board reviews and approves.

Form 990, Part VI, Section C, Line 19

The policies are maintained at the office and opened for public inspection.

Filing and Contact Details

Filer

Filer Name
Nelson County Economic Development
EIN
61-1332010
Phone
5023486402
Address
ONE COURT SQUARE, BARDSTOWN, KY 40004

Signing Officer

Name
Kimberly M Huston
Title
President
Phone
5023486402
Signed
2019-12-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly M Huston
Formed
1998
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
0

Preparer

Firm
SMITH & COMPANY CPA'S PLLC
Address
207 NORTH THIRD STREET, BARDSTOWN, KY 40004
Preparer
James E Clark CPA
Phone
5023487576
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING BOARD REVIEWS AND APPROVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE POLICIES ARE MAINTAINED AT THE OFFICE AND OPENED FOR PUBLIC INSPECTION.
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IRS990/TravelGrp/TotalAmt09816
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0200673
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0187129
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0ONE COURT SQUARE
IRS990/USAddress/CityNm0BARDSTOWN
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040004
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.NCEDA.NET
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KIMBERLY M HUSTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05023486402
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-12-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NELSON COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0AGENCY INC
ReturnHeader/Filer/BusinessNameControlTxt0NELS
ReturnHeader/Filer/EIN0611332010
ReturnHeader/Filer/PhoneNum05023486402
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE COURT SQUARE
ReturnHeader/Filer/USAddress/CityNm0BARDSTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040004
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId046158BB28FFC4D6B93C3303168E294D4027BCE8B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId046158BB28FFC4D6B93C3303168E294D4027BCE8B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.254.207.206
ReturnHeader/FilingSecurityInformation/IPDt02019-12-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm010:29:56
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611310568
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH & COMPANY CPA'S PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0207 NORTH THIRD STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BARDSTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040004
ReturnHeader/PreparerPersonGrp/PhoneNum05023487576
ReturnHeader/PreparerPersonGrp/PreparationDt02019-12-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES E CLARK CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-12-19T09:58:31-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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