Elizabethtown-Hardin County Industrial Foundation Inc
- Assets
- $13.6m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 3
- Location
- Elizabethtown, KY
- Founding
- 12/1976
- Data as of
- 12/2022
- EIN
- 23-7397903
Organization Overview
Elizabethtown-Hardin County Industrial Foundation Inc is located in Elizabethtown, KY. The organization was established in 1976. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Elizabethtown-Hardin County Industrial Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elizabethtown-Hardin County Industrial Foundation Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Elizabethtown-Hardin County Industrial Foundation Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 46.0% each year . All expenses for the organization totaled $650.4k during the year ending 12/2022. While expenses have increased by 15.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SALE OF LAND TO CREATE JOBS FOR THE REGION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE OF LAND TO CREATE JOBS FOR THE REGION
EXPENSES RELATED TO LAND DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard A Games President & | Officer | 40 | $190,375 |
Andrew C Games Vice Preside | Officer | 40 | $80,000 |
Mike Bell Director | Trustee | $0 | |
Harry Berry Director | Trustee | $0 | |
Mike Bowers Director | Trustee | $0 | |
Sue French Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,560 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,612 |
| Total Program Service Revenue | $3,471,174 |
| Investment income | $878 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,693,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $270,375 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,375 |
| Pension plan accruals and contributions | $5,753 |
| Other employee benefits | $16,722 |
| Payroll taxes | $19,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,754 |
| Fees for services: Accounting | $5,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,209 |
| Office expenses | $10,425 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,259 |
| Travel | $5,571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,737 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,573 |
| Insurance | $12,545 |
| All other expenses | $0 |
| Total functional expenses | $650,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,111,918 |
| Savings and temporary cash investments | $9,318,012 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,458 |
| Net Land, buildings, and equipment | $81,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,047,494 |
| Total assets | $13,576,937 |
| Accounts payable and accrued expenses | $8,454 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,794,128 |
| Total liabilities | $1,802,582 |
| Net assets without donor restrictions | $11,774,355 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,576,937 |