Paducah-Area Community Reuse Organization
- Assets
- $1.8m
- Revenue
- $102.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Paducah, KY
- Founding
- 12/1998
- Data as of
- 06/2023
- 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 06/2023, Paducah-Area Community Reuse Organization generated $102.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $498.1k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Paducah-Area Community Reuse Organization has awarded 24 individual grants totaling $2,052,897. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Wiles Executive Director | 40 | $0 | |
Richie Galloway Vice-Chairman | 1 | $0 | |
Kevin O'neill Director | 1 | $0 | |
Terry Simmons Director | 1 | $0 | |
John Summers Treasurer | 1 | $0 | |
Eddie Jones Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $65,226 |
| Interest on Savings | $28,224 |
| 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 | $8,654 |
| Total Revenue | $102,104 |
| 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 | $94,889 |
| Total operating and administrative expenses | $117,104 |
| Contributions, gifts, grants paid | $381,000 |
| Total expenses and disbursements | $498,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,694,497 |
| Net Accounts receivable | $107 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $60,245 |
| 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 | $1,754,849 |
| Accounts payable and accrued expenses | $3,998 |
| 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 | $3,998 |
Grants Awarded
Over the last fiscal year, Paducah-Area Community Reuse Organization has awarded $381,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MCCRACKEN COUNTY FISCAL COURT PURPOSE: THE AMOUNT IS TO PURCHASE LAND AT THE TRIPLE RAIL SITE IN MCCRACKEN COUNTY. THE LAND IS NEEDED TO ACCOMMODATE A LARGE ECONOMIC DEVELOPMENT CLIENT. | $331,195 |
MCCRACKEN COUNTY FISCAL COURT PURPOSE: THE AMOUNT IS TO PURCHASE EQUIPMENT FOR PADUCAH-MCCRACKEN RIVERPORT TO HELP MEET EXISTING CUSTOMER DEMAND AND EXPAND SERVICES. | $49,805 |