Hancock County Industrial Foundation Inc
- Assets
- $94.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hawesville, KY
- Founding
- 08/1987
- Data as of
- 12/2021
- EIN
- 61-1107463
Organization Overview
Hancock County Industrial Foundation Inc is located in Hawesville, KY. The organization was established in 1987. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hancock 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 12/2021, Hancock County Industrial Foundation Inc generated $58.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $63.7k 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 PURPOSE OF THE FOUNDATION IS TO PROVIDE THEGROWTH OF INDUSTRY AND JOBS IN HANCOCK COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Baker Executivedir | 40 | $56,000 | |
Allen Kennedy V-President | 0 | $0 | |
Joe Aldridge Treasurer | 4 | $0 | |
Jason Curry President | 4 | $0 | |
Eli C Gregory Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,550 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $208 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $58,758 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $56,000 |
| Professional fees and other payments to independent contractors | $1,800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,872 |
| Total expenses | $63,672 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,428 |
| Other assets | $0 |
| Total assets | $94,428 |
| Total liabilities | $0 |
| Net assets or fund balances | $94,428 |
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