Civic Intelligence

Henderson County Economic Development Cor

EIN 82-2574175 • 501(c)6 • Henderson, KY

Profile

Committed to helping business succeed and grow in northwest ky including existing industries, workforce development and targeted sectors to bring in new industries

207 N Elm Street P O Box 874Henderson, KY 42419-0874

hendersonkyedc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.02x

Higher debt load relative to assets than 63% of similar nonprofits.

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

Liabilities / Revenue

62nd percentile

0.02x

Higher debt load relative to revenue than 62% of similar nonprofits.

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

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

82nd percentile

21%

Faster asset growth than 82% of similar nonprofits.

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

Revenue Growth

25th percentile

-17%

Faster revenue growth than 25% of similar nonprofits.

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

Assets

Up

$342,220

Up $43,824 (+15%) from 2023

Liabilities

Up

$7,284

Up $73 (+1.0%) from 2023

Net Assets

Up

$334,936

Up $43,751 (+15%) from 2023

Revenue

Down

$395,090

Down $51,008 (-11%) from 2023

Expenses

Down

$351,339

Down $43,141 (-11%) from 2023

Net Income

Down

$43,751

Down $7,867 (-15%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2017: $1Liabilities 2017: $02017Assets 2018: $1Liabilities 2018: $02018Assets 2020: $381,626Liabilities 2020: $6,238Net Assets 2020: $375,3882020Assets 2021: $173,920Liabilities 2021: $39,113Net Assets 2021: $134,8072021Assets 2022: $246,303Liabilities 2022: $6,736Net Assets 2022: $239,5672022Assets 2023: $298,396Liabilities 2023: $7,211Net Assets 2023: $291,1852023Assets 2024: $342,220Liabilities 2024: $7,284Net Assets 2024: $334,9362024

Highlighted filing

2024

Assets$342,220
Liabilities$7,284
Net Assets$334,936

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2020: $252,059Expenses 2020: $155,652Net Income 2020: $96,4072020Revenue 2021: $407,777Expenses 2021: $663,987Net Income 2021: -$256,2102021Revenue 2022: $539,320Expenses 2022: $434,560Net Income 2022: $104,7602022Revenue 2023: $446,098Expenses 2023: $394,480Net Income 2023: $51,6182023Revenue 2024: $395,090Expenses 2024: $351,339Net Income 2024: $43,7512024

Highlighted filing

2024

Revenue$395,090
Expenses$351,339
Net Income$43,751

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$395,090
Mission and Program Overview

Mission

Committed to helping business succeed and grow in northwest ky including existing industries, workforce development and targeted sectors to bring in new industries

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$291,185$334,936▲ $43,751
Savings and Temporary Cash Investments$273,075$326,264▲ $53,189
Land, Buildings, and Equipment, Net$12,321$12,456▲ $135
Pledges and Grants Receivable$13,000$3,500▼ $9,500
Total Assets$298,396$342,220▲ $43,824
Liabilities
Accounts Payable and Accrued Expenses$7,211$7,284▲ $73
Total Liabilities$7,211$7,284▲ $73
Net Assets / Fund Balance
Total Net Assets Fund Balance$291,185$334,936▲ $43,751
Total Liabilities and Net Assets / Fund Balance$298,396$342,220▲ $43,824

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,502$17,299$20,801
Leasehold Improvements$8,954$3,046$12,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melissa VanderpoolExecutive DirectorFT$85,880$5,361$91,241
Whitney RisleyDirector Existing IndustryFT$70,948$2,699$73,647
Kate McindooDirector CommunicationsFT$44,981$2,177$47,158
Stephanie L LucasBookkeeperPT$19,691-$19,691

Board Members and Trustees

NameTitle
Ben JohnstonChair Elect
Bob McindooChairman
Jason WarrenImmediate Past Chair
Brad SchneiderCo Judge Exec Director
Brad BickettDirector
Brian HawkesDirector
Kate GrealishDirector
Linda WhiteDirector
Tony KrampeDirector
Clay GillhamEx-officio Chamber of Commerc
Brad StatonMayor
Matt HunsakerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$393,650
Program Service Revenue
$0
Investment Income
$1,440
Other Revenue
$0
All Other Contributions
$26,500
Change in Net Assets
$43,751
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$250,595
Other Expenses$100,744
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$219,469-$219,469
Occupancy-$21,881-$21,881
Payroll Taxes-$18,071-$18,071
All Other Expenses$15,419--$15,419
Conferences and Meetings-$14,041-$14,041
Other Employee Benefits-$13,055-$13,055
Office Expenses-$8,460-$8,460
Information Technology-$7,471-$7,471
Insurance-$4,589-$4,589
Depreciation Depletion-$3,484-$3,484
Travel-$3,367-$3,367
Fees for Services Accounting-$1,975-$1,975
Other Expenses-$1,837-$1,837
Total Functional Expenses$15,419$335,920$0$351,339
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
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

Governing body will review at their next board meeting.

Conflict of interest policy compliance Part VI line 12C

A conflict of interest form has been presented and reviewed and made a part of the bylaws

CEO executive director top management comp Part VI line 15A

Compensation of executive director is comparable to others in the same type of position in the area

Other officer or key employee compensation Part VI line 15B

Compensation of key employees is comparable to others in the same type of position in the area

Governing documents etc available to public Part VI line 19

Documents are made available in the office of the corporation

Filing and Contact Details

Filer

Filer Name
Henderson County Economic Development Cor
EIN
82-2574175
Address
207 N ELM STREET P O BOX 874, HENDERSON, KY 42419-0874

Signing Officer

Name
Melissa Vanderpool
Title
Executive Direc
Phone
2708549455
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Vanderpool
Formed
2017
Legal Domicile
Ky
Voting Board Members
12
Independent Board Members
12
Employees
4
Volunteers
12

Preparer

Firm
Fuller Tax & Accounting Service
Address
313 Third Street, Henderson, KY 42420
Preparer
Mary Fuller
Phone
2708263037
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IRS990/PrincipalOfficerNm0MELISSA VANDERPOOL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0310000
IRS990/ProgramServiceRevenueGrp/Desc0HENDERSON REGIONAL IND
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY AND WORKFORCE DEVELOPMENT:JAGOE HOME DEVELOPMENT - OVER 30 HOUSES UNDER CONSTRUCTION TO MEET HOUSING NEEDSGROUND BREAKING HENDERSON DISTILLING CO.MANUFACTURING ACADEMY - HOSTED TOURS FOR 60 MIDDLE SCHOOL STUDENTS, 100 HIGH SCHOOL STUDENTS AND MORE THAN 100 GUIDANCE COUNSELORS AND ADMINISTRATORS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04560
IRS990/ProgSrvcAccomActy3Grp/Desc0Site Development:Built largest build ready pad in the state of KentuckyGroundbreaking at Henderson County Mine
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02290
IRS990/ProgSrvcAccomActyOtherGrp/Desc02 existing industries expanded:Hydro Aluminum - $85 Million capital investment and 31 full-time jobsPittsburg Tank and Tower Group - $5 million investment and 10 full time jobs
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0246
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/ReconcilationRevenueExpnssAmt043751
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0291185
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0334936
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0273075
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0326264
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0393650
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0445750
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0468690
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0407630
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0138117
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01853837
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01440
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0147
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0108
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0147
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt085
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01927
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01440
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0147
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0108
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0147
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt085
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01927
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99900
IRS990ScheduleA/PublicSupportPY509Pct00.99970
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt0113857
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt0113857
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0393650
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0445750
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0468690
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0407630
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0251974
IRS990ScheduleA/Total509Grp/TotalAmt01967694
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0395090
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0445897
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0468798
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0407777
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0252059
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01969621
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt03502
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017299
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020801
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08954
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03046
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt012000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012456
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNING BODY WILL REVIEW AT THEIR NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A CONFLICT OF INTEREST FORM HAS BEEN PRESENTED AND REVIEWED AND MADE A PART OF THE BYLAWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF EXECUTIVE DIRECTOR IS COMPARABLE TO OTHERS IN THE SAME TYPE OF POSITION IN THE AREA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION OF KEY EMPLOYEES IS COMPARABLE TO OTHERS IN THE SAME TYPE OF POSITION IN THE AREA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE IN THE OFFICE OF THE CORPORATION
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0298396
IRS990/TotalAssetsEOYAmt0342220
IRS990/TotalAssetsGrp/BOYAmt0298396
IRS990/TotalAssetsGrp/EOYAmt0342220
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0393650
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0335920
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt015419
IRS990/TotalFunctionalExpensesGrp/TotalAmt0351339
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07211
IRS990/TotalLiabilitiesEOYAmt07284
IRS990/TotalLiabilitiesGrp/BOYAmt07211
IRS990/TotalLiabilitiesGrp/EOYAmt07284
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0291185
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0334936
IRS990/TotalOtherCompensationAmt010237
IRS990/TotalOtherProgSrvcExpenseAmt0246
IRS990/TotalProgramServiceExpensesAmt015419
IRS990/TotalReportableCompFromOrgAmt0221500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01440
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0395090
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0298396
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0342220
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt03367
IRS990/TravelGrp/TotalAmt03367
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X

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