Kentucky Trucking Association Inc
- Assets
- $535.1k
- Revenue
- $307.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Frankfort, KY
- Founding
- 07/1945
- Data as of
- 12/2021
- EIN
- 61-0287470
Organization Overview
Kentucky Trucking Association Inc is located in Frankfort, KY. The organization was established in 1945. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Kentucky Trucking Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Trucking Association 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 12/2021, Kentucky Trucking Association Inc generated $307.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $249.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE TRUCKING INDUSTRY BY EDUCATING GOVERNMENTAL ENTITIES, THE GENERAL PUBLIC, CUSTOMERS, AND RELATED INDUSTRY GROUPS THROUGH ADVOCACY, CAREER DEVELOPMENT, AND THE SUPPORT OF VALUE-ADDED PROGRAMS ENHANCING INDUSTRY SAFETY AND PRODUCTIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KENTUCKY TRUCKING ASSOCIATION PROVIDED MEMBER COMPANY SERVICES RELATED TO TRAINING, INFORMATION, SAFETY REGULATIONS, ETC.; MORE THAN 1,500 EMPLOYEES AND MANAGEMENT BENEFITED.
KENTUCKY TRUCKING ASSOCIATION MADE AVAILABLE REGULATORY SUPPLIES AND SERVICES FOR MEMBER COMPANIES; 282 MEMBER COMPANIES BENEFITED.
KENTUCKY TRUCKING ASSOCIATION PROVIDED MANAGEMENT CONFERENCES, GOLF OUTINGS, AND MEETINGS; 282 MEMBER COMPANIES BENEFITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Taylor President/ceo | Officer | 40 | $89,896 |
Shad Daubard Chairman | OfficerTrustee | 1.5 | $0 |
Todd Felty Vice Chairman | OfficerTrustee | 1.5 | $0 |
Dewell Gossett Treasurer | OfficerTrustee | 1.5 | $0 |
William Hill Board Member | Trustee | 0.5 | $0 |
Barry Cannon Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,590 |
| Related organizations | $0 |
| Government grants | $40,435 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $161,041 |
| Total Program Service Revenue | $142,800 |
| Investment income | $6,930 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,413 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,841 |
| Net Income from Fundraising Events | -$25,402 |
| Net Income from Gaming Activities | -$2,000 |
| Net Income from Sales of Inventory | $1,230 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $307,378 |
| 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. | $92,593 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,748 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,280 |
| Fees for services: Accounting | $22,632 |
| Fees for services: Lobbying | $10,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $732 |
| Office expenses | $4,288 |
| Information technology | $8,535 |
| Royalties | $0 |
| Occupancy | $15,404 |
| Travel | $3,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,130 |
| Interest | $3,418 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,812 |
| Insurance | $5,781 |
| All other expenses | $611 |
| Total functional expenses | $249,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,422 |
| Savings and temporary cash investments | $256,058 |
| 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 | $0 |
| Net Land, buildings, and equipment | $197,607 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $535,087 |
| Accounts payable and accrued expenses | $0 |
| 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 | $64,783 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,807 |
| Total liabilities | $68,590 |
| Net assets without donor restrictions | $466,497 |
| 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 | $535,087 |
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