Morehead-Rowan County Ecomomic Development Council Inc

Organization Overview

Morehead-Rowan County Ecomomic Development Council Inc is located in Morehead, KY. The organization was established in 1992. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morehead-Rowan County Ecomomic Development Council 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 06/2022, Morehead-Rowan County Ecomomic Development Council Inc generated $187.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $121.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE ECONOMIC GROWTH AND DEVELOPMENT IN ROWAN COUNTY

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTE ECONOMIC GROWTH AND DEVELOPMENT IN ROWAN COUNTY


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Board, Officers & Key Employees

Name (title)Compensation
Donald Lloyd
Vice Chairma
$0
Russ Ward
Chairman
$0
Laura White-Brown
Secretary
$0
Joy Brown
Director
$0
Jason Slone
Director
$0
Joseph Morgan
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $185,250
All other contributions, gifts, grants, and similar amounts not included above$210
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$185,460
Total Program Service Revenue$0
Investment income $2,449
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $187,909

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