Tri-County Economic Development Foundation
- Assets
- $0.0
- Revenue
- $14.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Ft Mitchell, KY
- Founding
- 03/1996
- Data as of
- 06/2019
- EIN
- 61-1293229
Organization Overview
Tri-County Economic Development Foundation is located in Ft Mitchell, KY. The organization was established in 1996. 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. Tri-County Economic Development Foundation 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 06/2019, Tri-County Economic Development Foundation generated $14.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (44.1%) each year. All expenses for the organization totaled $583.2k during the year ending 06/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE TRI-COUNTY ECONOMIC DEVELOPMENT FOUNDATION IS TO PROVIDE PRIVATE-SECTOR LEADERSHIP AND RESOURCES TO THE TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION (TRI-ED) IN MARKETING AND PROMOTING THE THREE NORTHERN KENTUCKY COUNTIES ON A NATIONAL AND INTERNATIONAL BASIS, AS A LOCATION FOR NEW OR EXPANDING (1) MANUFACTURING PROJECTS, (2) OFFICE PROJECTS, (3) WAREHOUSE/DISTRIBUTION PROJECTS AND (4) LARGE COMMERCIAL AND SERVICE PROJECTS. TRI-ED PROVIDES DIRECT ASSISTANCE TO LOCAL INDUSTRIES TO ASSIST WITH RETENTION AND EXPANSION NEEDS. TRI-ED WORKS WITH THE LOCAL COMMUNITIES TO DEVELOP THE RESOURCES AND INFRASTRUCTURE TO SUPPORT ITS ECONOMIC DEVELOPMENT PROGRAM. TRI-ED ALSO PLAYS A SUPPORTIVE ROLE FOR OTHER PUBLIC AGENCIES AND PRIVATE DEVELOPMENT COMPANIES HAVING A COMMON MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT SERVICES RENDERED TO THE TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION, WHICH PROVIDES BOONE, CAMPBELL, AND KENTON COUNTIES AND THE MUNICIPALITIES AND BUSINESS INTERESTS THEREIN WITH PROFESSIONAL ECONOMIC DEVELOPMENT SERVICES COMPRISED OF MARKETING, ATTRACTION, BUSINESS RETENTION AND EXPANSION AND ENTRPRENEURIAL SUPPORT ON A REGIONAL, COOPERATIVE AND UNIFIED BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Prewitt Chair Elect | OfficerTrustee | 1 | $0 |
Jane Garvey Chair | OfficerTrustee | 1 | $0 |
Lee Crume President | Officer | 40 | $0 |
Chris Bell Director | Trustee | 1 | $0 |
Richard Colvin Director | Trustee | 1 | $0 |
Adam Davey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,107 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,107 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $14,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $531,239 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,266 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,017 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,502 |
| Total functional expenses | $583,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tri-County Economic Development Foundation has recieved totaling $31,250.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $31,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Impact Community Action Columbus, OH | $17,964,278 | $51,062,093 |
Akron Summit Community Action Agency Akron, OH | $9,053,133 | $31,825,266 |
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Hocking-Athens Perry Community Action Glouster, OH | $22,374,760 | $30,742,269 |
Indianapolis Foundation Inc Indianapolis, IN | $352,748,809 | $43,731,535 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Jumpstart Inc Cleveland, OH | $82,356,707 | $21,511,113 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |