Civic Intelligence

Tri-County Economic Development Charitable Corporation

990EZ • Fiscal year 2020 • EIN 83-2547630

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 18, 2020

300 Buttermilk Pike No 332Lakeside Park, KY 41017

(877) 829-5500

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

66th percentile

17%

Higher net margin than 66% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

100th percentile

972500%

Faster asset growth than 100% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Assets

Up

$9,726

Up $9,725 (+972500%) from 2019

Net Assets

$9,726

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$57,000

Up $57,000 from 2019

Expenses

Up

$47,274

Up $47,274 from 2019

Net Income

Up

$9,726

Up $9,726 from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2019: $1Liabilities 2019: $02019Assets 2020: $9,726Liabilities 2020: $0Net Assets 2020: $9,7262020Assets 2022: $2,175,472Liabilities 2022: $0Net Assets 2022: $2,175,4722022Assets 2023: $2,926,916Liabilities 2023: $133,192Net Assets 2023: $2,793,7242023Assets 2024: $2,414,363Liabilities 2024: $182,421Net Assets 2024: $2,231,9422024Assets 2025: $1,667,929Liabilities 2025: $400,201Net Assets 2025: $1,267,7282025

Highlighted filing

2020

Assets$9,726
Liabilities$0
Net Assets$9,726

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $57,000Expenses 2020: $47,274Net Income 2020: $9,7262020Revenue 2022: $2,155,761Expenses 2022: $15Net Income 2022: $2,155,7462022Revenue 2023: $1,176,302Expenses 2023: $564,965Net Income 2023: $611,3372023Revenue 2024: $254,784Expenses 2024: $814,363Net Income 2024: -$559,5792024Revenue 2025: $168,061Expenses 2025: $1,127,562Net Income 2025: -$959,5012025

Highlighted filing

2020

Revenue$57,000
Expenses$47,274
Net Income$9,726
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 18, 2020
Return Version
2019v5.1
Gross Receipts
$57,000
Mission and Program Overview

Mission

The misison of the tri-county economic development charitable corporation is to provide private-sector leadership and resources to the tri-county economic development corporation (tri-ed) in marketing and promoting the three northern kentucky counties on a national and international basis, as a location for new or expanding (1) manufacturing projects (2) office projects, (3) warehouse/distribution projects, and (4) large commercial and service projects.

The mission of the tri-county economic development charitable corporation is to provide private-sector leadership and resources to the tri-county economic development corporation (tri-ed) in marketing and promoting the three northern kentucky counties on a national and international basis, as a location for new or expanding (1) manufacturing projects, (2) office projects, (3) warehouse/distribution projects and (4) large commercial and service projects. Tri-ed provides direct assistance to local industries to assist with retention and expansion needs. Tri-ed works with the local communities to develop the resources and infrastructure to support its economic development program. Tri-ed also plays a supportive role for other public agencies and private development companies having a common mission.

Program Services

DescriptionGrantsExpenses
SUPPORT SERVICES RENDERED TO THE TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION, WHICH PROVIDES BOONE, CAMPBELL, AND KENTON COUNTIES AND THE MUNICIPALITIES AND BUSINESS INTERESTS THEREIN WITH PROFESSIONAL ECONOMIC DEVELOPMENT SERVICES COMPRISED OF MARKETING, ATTRACTION, BUSINESS RETENTION AND EXPANSION AND ENTRPRENEURIAL SUPPORT ON A REGIONAL, COOPERATIVE AND UNIFIED BASIS.$57,000$47,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GARY W MOOREDirector-$0--
AARON BLUDWORTHDirector-$0--
STEVE PENDERYDirector-$0--
KIMBERLY HALBAUERDirector-$0--
ROBERT A HEILDirector-$0--
KRIS KNOCHELMANNDirector-$0--
CANDACE MCGRAWDirector-$0--
LEE CRUMEPresident-$0--
Filing and Contact Details

Filer

Filer Name
Tri-county Economic Development
EIN
83-2547630
Phone
8778295500
Address
300 BUTTERMILK PIKE NO 332, LAKESIDE PARK, KY 41017

Signing Officer

Name
Lee Crume
Title
Officer
Phone
8593440040
Signed
2020-11-18
Discuss with paid preparer
Yes

Preparer

Firm
Rudler Psc
Address
SUITE 200 1881 DIXIE HIGHWAY, FORT WRIGHT, KY 41011
Preparer
David W Neuhaus CPA
Phone
8593311717
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Payments to Affiliates

Affiliate name: tri-county economic development corporation. Affiliate address: 300 buttermilk pike, suite332 lakeside park, ky 41017. Purpose of payment: restaurant relief. Amount of payment: 47,000.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: other expenses-ez . Amount: 274.

Raw XML Appendix167 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0GARY W MOORE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
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IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF THE TRI-COUNTY ECONOMIC DEVELOPMENT CHARITABLE CORPORATION IS TO PROVIDE PRIVATE-SECTOR LEADERSHIP AND RESOURCES TO THE TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION (TRI-ED) IN MARKETING AND PROMOTING THE THREE NORTHERN KENTUCKY COUNTIES ON A NATIONAL AND INTERNATIONAL BASIS, AS A LOCATION FOR NEW OR EXPANDING (1) MANUFACTURING PROJECTS, (2) OFFICE PROJECTS, (3) WAREHOUSE/DISTRIBUTION PROJECTS AND (4) LARGE COMMERCIAL AND SERVICE PROJECTS. TRI-ED PROVIDES DIRECT ASSISTANCE TO LOCAL INDUSTRIES TO ASSIST WITH RETENTION AND EXPANSION NEEDS. TRI-ED WORKS WITH THE LOCAL COMMUNITIES TO DEVELOP THE RESOURCES AND INFRASTRUCTURE TO SUPPORT ITS ECONOMIC DEVELOPMENT PROGRAM. TRI-ED ALSO PLAYS A SUPPORTIVE ROLE FOR OTHER PUBLIC AGENCIES AND PRIVATE DEVELOPMENT COMPANIES HAVING A COMMON MISSION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SUPPORT SERVICES RENDERED TO THE TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION, WHICH PROVIDES BOONE, CAMPBELL, AND KENTON COUNTIES AND THE MUNICIPALITIES AND BUSINESS INTERESTS THEREIN WITH PROFESSIONAL ECONOMIC DEVELOPMENT SERVICES COMPRISED OF MARKETING, ATTRACTION, BUSINESS RETENTION AND EXPANSION AND ENTRPRENEURIAL SUPPORT ON A REGIONAL, COOPERATIVE AND UNIFIED BASIS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AFFILIATE NAME: TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION. AFFILIATE ADDRESS: 300 BUTTERMILK PIKE, SUITE332 LAKESIDE PARK, KY 41017. PURPOSE OF PAYMENT: RESTAURANT RELIEF. AMOUNT OF PAYMENT: 47,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: OTHER EXPENSES-EZ . AMOUNT: 274.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - PAYMENTS TO AFFILIATES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02021-04-22 16:20:28Z
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID W NEUHAUS CPA
ReturnHeader/ReturnTs02020-12-17T14:15:46-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • <$500k nonprofits