Marion County Industrial Foundation Inc

Organization Overview

Marion County Industrial Foundation Inc is located in Lebanon, KY. The organization was established in 1996. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Marion 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. Marion County Industrial Foundation 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 12/2021, Marion County Industrial Foundation Inc generated $237.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $329.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

INDUSTRIAL DEVELOPMENT IN LEBANON AND MARION COUNTY, KENTUCKY

Describe the Organization's Program Activity:

INDUSTRIAL DEVELOPMENT IN LEBANON AND MARION COUNTY, KENTUCKY. SEE PDF ATTACHED FOR LIST OF ACCOMPLISHMENTS.


INDUSTRIAL DEVELOPMENT IN LEBANON AND MARION COUNTY, KENTUCKY. SEE PDF ATTACHED FOR LIST OF ACCOMPLISHMENTS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $196,357
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$196,357
Total Program Service Revenue$0
Investment income $41,273
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$4,225
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 $237,307

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