Paducah-Area Community Reuse Organization
- Assets
- $2.2m
- Revenue
- $299.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Paducah, KY
- Founding
- 12/1998
- Data as of
- 06/2022
- EIN
- 61-1331125
Organization Overview
Paducah-Area Community Reuse Organization is located in Paducah, KY. The organization was established in 1998. 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. Paducah-Area Community Reuse Organization 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 06/2022, Paducah-Area Community Reuse Organization generated $299.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $391.7k during the year ending 06/2022. While expenses have increased by 15.0% per year over the past 6 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.
Since 2018, Paducah-Area Community Reuse Organization has awarded 22 individual grants totaling $1,671,897. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Neal Director | 1 | $0 | |
Greg Wiles Executive Director | 40 | $0 | |
Richie Galloway Vice-Chairman | 1 | $0 | |
Kevin O'neill Director | 1 | $0 | |
Betsy Flynn Director | 1 | $0 | |
Dr David Silverstein Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $260,141 |
| Interest on Savings | $10,702 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28,904 |
| Total Revenue | $299,747 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $115,246 |
| Total operating and administrative expenses | $139,666 |
| Contributions, gifts, grants paid | $252,075 |
| Total expenses and disbursements | $391,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,776,945 |
| Net Accounts receivable | $420 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $374,310 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,151,675 |
| Accounts payable and accrued expenses | $4,824 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,824 |
Grants Awarded
Over the last fiscal year, Paducah-Area Community Reuse Organization has awarded $252,075 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BALLARD COUNTY FISCAL COURT PURPOSE: THE AMOUNT IS TO ASSIST WITH BALLARD INDUSTRIAL DEVELOPMENT AUTHORITY FUNCTION. | $100,000 |
MARSHALL COUNTY FISCAL COURT PURPOSE: THE AMOUNT IS AN ADDITIONAL AMOUNT GIVEN TO GO ALONG WITH THE PREVIOUS NOTED PROJECT TO LOWER THE BURDEN ON OTHER LOCAL DONATING ENTITIES. | $100,000 |
MARSHALL COUNTY FISCAL COURT PURPOSE: THE AMOUNT IS TO PURCHASE A BUILDING IN SOUTHWEST ONE INDUSTRIAL PARK, SPECIFICALLY A PAD READY SITE AS WELL AS AN ALUMINUM BOX CULVERT CROSSING. | $52,075 |
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 |