Kentucky Industrial Development Council Inc
- Assets
- $262.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, KY
- Founding
- 12/1989
- Data as of
- 12/2021
- EIN
- 61-1161213
Organization Overview
Kentucky Industrial Development Council Inc is located in Frankfort, KY. The organization was established in 1989. According to its NTEE Classification (S31) the organization is classified as: Urban & Community 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. Kentucky Industrial 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 12/2021, Kentucky Industrial Development Council Inc generated $158.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.2% each year . All expenses for the organization totaled $116.8k 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
ASSISTING COMMUNITIES IN IDENTIFYING SITES FOR ECONOMIC DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jody Lassiter Immediate Past | 1 | $0 | |
Daryl Smith Chairman | 1 | $0 | |
Kim Huston Board Member | 1 | $0 | |
Matthew Tacket Executive Dir. | 10 | $0 | |
Stephen Taylor Vice-Chair | 1 | $0 | |
Debbie Gray Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $148,970 |
| Membership dues | $0 |
| Investment income | $9,583 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $158,553 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,639 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $114,136 |
| Total expenses | $116,775 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,833 |
| Other assets | $0 |
| Total assets | $262,533 |
| Total liabilities | $20,000 |
| Net assets or fund balances | $242,533 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kentucky Industrial Development Council Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Nisource Charitable Foundation Columbus, OH PURPOSE: CORPORATE DONATION | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Americans For Prosperity Arlington, VA | $36,122,323 | $113,776,550 |
Cincinnati Center City Development Corporation Cincinnati, OH | $365,563,062 | $43,403,938 |
Gateway Economic Development Corporation Of Greater Cleveland Cleveland, OH | $401,423,840 | $30,122,951 |
Capitol South Community Urban Redevelopment Corporation Columbus, OH | $40,052,734 | $27,422,003 |
The Center Of Workforce Innovations Inc Valparaiso, IN | $2,958,255 | $14,608,336 |
Community Action Of South Eastern West Virginia Bluefield, WV | $9,324,400 | $12,779,130 |
Cintrifuse Cincinnati, OH | $9,097,086 | $17,758,065 |
Walnut Hills Redevelopment Foundation Inc Cincinnati, OH | $7,399,538 | $1,025,062 |
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
Carter Street Corporation Chattanooga, TN | $16,714,346 | $6,596,539 |
Venture Richmond Inc Richmond, VA | $7,025,585 | $5,575,003 |