Muhlenberg Industrial Development Corporation is located in Greenville, KY. The organization was established in 1966. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Muhlenberg Industrial Development Corporation 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, Muhlenberg Industrial Development Corporation generated $52.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (50.1%) each year. All expenses for the organization totaled $11.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE CORPORATION PROMOTES NEW INDUSTRY AND PROMOTES EXPANSION OF EXISTING INDUSTRY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tommy Caskey Vice President | 2 | $0 | |
Peggy Williams President | 2 | $0 | |
L Wayne Cisney Treasurer | 2 | $0 | |
Mike Mercer Secretary | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $52 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $52 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $10,450 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $632 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $0 |
Total expenses | $11,082 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $128,223 |
Other assets | $0 |
Total assets | $335,173 |
Total liabilities | $0 |
Net assets or fund balances | $335,173 |
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