Civic Intelligence

Industrial Development Board of Mayfield-Graves County Inc

990 • Fiscal year 2023 • EIN 61-6042028

Oct 01, 2022 to Sep 30, 2023 • Filed on Jan 10, 2024

Organization ProfileN/A
201 East College StMayfield, KY 42066

(270) 247-0626

Siviq Scores

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

Liabilities / Assets

87th percentile

0.34x

Higher debt load relative to assets than 87% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

100th percentile

25.63x

Higher debt load relative to revenue than 100% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

1st percentile

-3645%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

5th percentile

-54%

Faster asset growth than 5% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$190,485

Down $221,731 (-54%) from 2022

Net Assets

Down

$124,953

Down $93,208 (-43%) from 2022

Liabilities

Down

$65,532

Down $128,523 (-66%) from 2022

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$2,557

Down $111,053 (-98%) from 2022

Expenses

Up

$95,765

Up $94,091 (+5621%) from 2022

Net Income

Down

-$93,208

Down $205,144 (-183%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$800K$600K$400K$200K$0Assets 2011: $612,381Liabilities 2011: $439,036Net Assets 2011: $173,3452011Assets 2012: $612,381Liabilities 2012: $436,400Net Assets 2012: $175,9812012Assets 2013: $612,381Liabilities 2013: $438,444Net Assets 2013: $173,9372013Assets 2014: $585,440Liabilities 2014: $415,655Net Assets 2014: $169,7852014Assets 2015: $549,239Liabilities 2015: $414,389Net Assets 2015: $134,8502015Assets 2016: $549,239Liabilities 2016: $412,590Net Assets 2016: $136,6492016Assets 2017: $549,239Liabilities 2017: $411,901Net Assets 2017: $137,3382017Assets 2018: $549,239Liabilities 2018: $409,433Net Assets 2018: $139,8062018Assets 2019: $505,301Liabilities 2019: $408,165Net Assets 2019: $97,1362019Assets 2020: $697,234Liabilities 2020: $600,118Net Assets 2020: $97,1162020Assets 2021: $473,570Liabilities 2021: $367,345Net Assets 2021: $106,2252021Assets 2022: $412,216Liabilities 2022: $194,055Net Assets 2022: $218,1612022Assets 2023: $190,485Liabilities 2023: $65,532Net Assets 2023: $124,9532023Assets 2024: $190,486Liabilities 2024: $63,887Net Assets 2024: $126,5992024Assets 2025: $190,486Liabilities 2025: $61,565Net Assets 2025: $128,9212025

Highlighted filing

2023

Assets$190,485
Liabilities$65,532
Net Assets$124,953
Open 2023 Filing

Operations Trend

Revenue Growth1st percentile

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

$200K$100K$0-$100KRevenue 2011: $0Expenses 2011: $36,554Net Income 2011: -$36,5542011Expenses 2012: $1,8232012Revenue 2013: $0Expenses 2013: $2,044Net Income 2013: -$2,0442013Revenue 2014: -$2,240Expenses 2014: $1,912Net Income 2014: -$4,1522014Revenue 2015: $3,382Expenses 2015: $38,317Net Income 2015: -$34,9352015Revenue 2016: $3,432Expenses 2016: $1,633Net Income 2016: $1,7992016Revenue 2017: $3,239Expenses 2017: $2,550Net Income 2017: $6892017Revenue 2018: $3,501Expenses 2018: $1,033Net Income 2018: $2,4682018Revenue 2019: $2,570Expenses 2019: $45,240Net Income 2019: -$42,6702019Revenue 2020: $1,570Expenses 2020: $1,590Net Income 2020: -$202020Revenue 2021: $9,909Expenses 2021: $800Net Income 2021: $9,1092021Revenue 2022: $113,610Expenses 2022: $1,674Net Income 2022: $111,9362022Revenue 2023: $2,557Expenses 2023: $95,765Net Income 2023: -$93,2082023Revenue 2024: $3,161Expenses 2024: $1,515Net Income 2024: $1,6462024Revenue 2025: $2,337Expenses 2025: $15Net Income 2025: $2,3222025

Highlighted filing

2023

Revenue$2,557
Expenses$95,765
Net Income-$93,208
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Jan 10, 2024
Return Version
2022v5.0
Gross Receipts
$2,557
Mission and Program Overview

Mission

Promote economic development in mayfield and graves county ky

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$412,217$190,486▼ $221,731
Rtn Earn Endowment Incm Other Fnds$218,161$124,953▼ $93,208
Cash and Non-Interest-Bearing Accounts$-1$-1→ $0
Total Assets$412,216$190,485▼ $221,731
Liabilities
Other Liabilities$194,055$65,532▼ $128,523
Total Liabilities$194,055$65,532▼ $128,523
Net Assets / Fund Balance
Total Net Assets Fund Balance$218,161$124,953▼ $93,208
Total Liabilities and Net Assets / Fund Balance$412,216$190,485▼ $221,731

Asset Categories

AssetBook ValueDepreciationBasis
Land$190,486-$190,486
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Brad DamePresident
Allison MorrisDirector
Brent ShultzDirector
Dave AndersonDirector
Gracie CavinDirector
Jeremy BuchananDirector
Jeremy CreasonDirector
Jesse PerryDirector
John AndersonDirector
KATHY O'NANDirector
Matt ScogginsDirector
Richard HeathDirector
Shea WeaksDirector
Tanya RoseDirector
Trevor BonnstetterDirector
Tyler GoodmanDirector
Ward MorganDirector
Sally HopkinsSecretary/tr
Ricky BinkleyVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,557
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-93,208
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$95,765
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---$95,015
Fees for Services Accounting---$750
Total Functional Expenses$0$0$0$95,765
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
Ldc Land Development$65,532
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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, Page 6, Part VI, Line 6

“Organized with members who are individual investors”

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

“No review was or will be conducted”

Form 990, Page 6, Part VI, Line 19

“The organization keeps a copy of its governing documents and financial statements on file at its cpa firm, which are available to the public upon request during the tax year.”

Filing and Contact Details

Filer

Filer Name
Industrial Development Board of
EIN
61-6042028
Phone
2702470626
Address
201 EAST COLLEGE ST, MAYFIELD, KY 42066

Signing Officer

Name
Brad Dame
Title
President
Phone
2702470626
Signed
2024-01-10

Organization Details

Principal Officer
Brad Dame
Formed
1968
Legal Domicile
Ky
Voting Board Members
19
Independent Board Members
19
Employees
0

Preparer

Firm
Fox & Company Cpas Inc
Address
907 PARIS RD, MAYFIELD, KY 42066
Preparer
Johanna P Turner
Phone
2702476087
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Fees/dues 15 0 0 repairs & maintenance 250 0 0 loss on sale of land 94,750 0 0 total 95,015 0 0”

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt16VICE-PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZED WITH MEMBERS WHO ARE INDIVIDUAL INVESTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION KEEPS A COPY OF ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ON FILE AT ITS CPA FIRM, WHICH ARE AVAILABLE TO THE PUBLIC UPON REQUEST DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FEES/DUES 15 0 0 REPAIRS & MAINTENANCE 250 0 0 LOSS ON SALE OF LAND 94,750 0 0 TOTAL 95,015 0 0
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IRS990/TotalLiabilitiesBOYAmt0194055
IRS990/TotalLiabilitiesEOYAmt065532
IRS990/TotalLiabilitiesGrp/BOYAmt0194055
IRS990/TotalLiabilitiesGrp/EOYAmt065532
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0218161
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0124953
IRS990/TotalProgramServiceRevenueAmt02557
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02557
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02557
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0412216
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0190485
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0201 EAST COLLEGE STREET
IRS990/USAddress/CityNm0MAYFIELD
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd042066
IRS990/VotingMembersGoverningBodyCnt019
IRS990/VotingMembersIndependentCnt019
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRAD DAME
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02702470626
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDUSTRIAL DEVELOPMENT BOARD OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MAYFIELD-GRAVES COUNTY INC
ReturnHeader/Filer/BusinessNameControlTxt0INDU
ReturnHeader/Filer/EIN0616042028
ReturnHeader/Filer/PhoneNum02702470626
ReturnHeader/Filer/USAddress/AddressLine1Txt0201 EAST COLLEGE ST
ReturnHeader/Filer/USAddress/CityNm0MAYFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd042066
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611291560
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FOX & COMPANY CPAS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0907 PARIS RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MAYFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd042066
ReturnHeader/PreparerPersonGrp/PhoneNum02702476087
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHANNA P TURNER
ReturnHeader/ReturnTs02024-02-15T14:18:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRAD
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ReturnHeader/TaxPeriodBeginDt02022-10-01
ReturnHeader/TaxPeriodEndDt02023-09-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$190,485
Liabilities
$65,532
Net assets
$124,953
Revenue
$2,557
Expenses
$95,765
Net income
-$93,208
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.90$0.62$1.29$0.02$0.00$0.02
2024Detailed filing. Detailed filing data is available for this year.$1.90$0.64$1.27$0.03$0.02$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.90$0.66$1.25$0.03$0.96$0.93
2022Detailed filing. Detailed filing data is available for this year.$4.12$1.94$2.18$1.14$0.02$1.12
2021Detailed filing. Detailed filing data is available for this year.$4.74$3.67$1.06$0.10$0.01$0.09
2020Detailed filing. Detailed filing data is available for this year.$6.97$6.00$0.97$0.02$0.02$0.00
2019Detailed filing. Detailed filing data is available for this year.$5.05$4.08$0.97$0.03$0.45$0.43
2018Detailed filing. Detailed filing data is available for this year.$5.49$4.09$1.40$0.04$0.01$0.02
2017Detailed filing. Detailed filing data is available for this year.$5.49$4.12$1.37$0.03$0.03$0.01
2016Detailed filing. Detailed filing data is available for this year.$5.49$4.13$1.37$0.03$0.02$0.02
2015Detailed filing. Detailed filing data is available for this year.$5.49$4.14$1.35$0.03$0.38$0.35
2014Detailed filing. Detailed filing data is available for this year.$5.85$4.16$1.70$0.02$0.02$0.04
2013Summary only. Only limited summary data is available for this year.$6.12$4.38$1.74$0.00$0.02$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.12$4.36$1.76$0.02
2011Summary only. Only limited summary data is available for this year.$6.12$4.39$1.73$0.00$0.37$0.37