Bowling Green Area Economic Development Authority Inc

Organization Overview

Bowling Green Area Economic Development Authority Inc is located in Bowling Green, KY. The organization was established in 1999. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Bowling Green Area Economic Development Authority 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 12/2023, Bowling Green Area Economic Development Authority Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE EDA WAS ORGANIZED TO PROVIDE RESOURCES WITH AN ECONOMIC DEVELOPMENT VISION TO SEEK AND ASSIST IN ESTABLISHING INDUSTRIAL PARKS BY OFFERING INCENTIVE PACKAGES AND CREATING A TEAM FOR ONGOING COMMUNITY DEVELOPMENT IN THE SOUTH CENTRAL KENTUCKY AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE EDA RECRUITS NEW INDUSTRY TO BOWLING GREEN/WARREN COUNTY AND RETAIN EXISTING BUSINESSES.


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Board, Officers & Key Employees

Name (title)Compensation
Ron Bunch
CEO
$0
Brad Howard
Director
$0
Greg Burrell
Director
$0
Alex Bertotti
Director
$0
John Dix
Chair Elect
$0
Kim Thomas
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $187,500
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$187,500
Total Program Service Revenue$764,634
Investment income $86,942
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 $1,120,837

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