Lake Cumberland Development Council Inc

Organization Overview

Lake Cumberland Development Council Inc is located in Russell Springs, KY. The organization was established in 1984. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Cumberland Development Council Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2024, Lake Cumberland Development Council Inc generated $153.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $152.2k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE FACILITIES FOR LOCAL GOVERNMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES ASSOCIATED WITH PROVIDING OFFICE SPACE TO LOCAL GOVERNMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Lawson
Chairman
$0
Waylon Wright
Executive
$0
Curtis Hardwick
Director
$0
Randy Dial
Director
$0
John Frank
Director
$0
Jimmie Greene
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$149,868
Investment income $724
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,360
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $152,952

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