City Of Pikeville Exposition Center Corporation
- Assets
- $2.1m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 189
- Location
- Pikeville, KY
- Founding
- 04/2017
- Data as of
- 06/2023
- EIN
- 81-4316682
Organization Overview
City Of Pikeville Exposition Center Corporation is located in Pikeville, KY. The organization was established in 2017. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2023, City Of Pikeville Exposition Center Corporation employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Of Pikeville Exposition Center Corporation 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, City Of Pikeville Exposition Center Corporation generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $7.2m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION SHALL AID THE CITY OF PIKEVILLE AND ITS CITIZENS BY ALLEVIATING THE FINANCIAL BURDEN AND OBLIGATION OF OPERATING AND MANAGING THE EXPOSITION CENTER AND TO AID IN THE PROMOTION OF THE PUBLIC WELFARE, TOURISM, ECONOMIC DEVELOPMENT AND PROVIDING QUALITY ENTERTAINMENT, RESOURCES AND MEETING SPACES FOR THE PUBLIC USE; TO ACT AS A RESOURCE TO INDIVIDUALS, CORPORATIONS, AND GOVERNMENTAL INSTITUTIONS; TO ASSIST IN PROVIDING EDUCATIONAL RESOURCES; TO FOSTER AMATEUR SPORTS COMPETITIONS AND TO PURSUE ANY OTHER LAWFUL PURPOSE OR PURPOSES PERMITTED TO A CORPORATION ORGANIZED UNDER THE KENTUCKY NON-PROFIT, NON-STOCK CORPORATIONS ACT AND TO BE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (OR CORRESPONDING PROVISION OF ANY FUTURE UNTIED STATES INTERNAL REVENUE CODE).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION SHALL AID THE CITY OF PIKEVILLE AND ITS CITIZENS BY ALLEVIATING THE FINANCIAL BURDEN AND OBLIGATION OF OPERATING AND MANAGING THE EXPOSITION CENTER AND TO AID IN THE PROMOTION OF THE PUBLIC WELFARE, TOURISM, ECONOMIC DEVELOPMENT AND PROVIDING QUALITY ENTERTAINMENT, RESOURCES AND MEETING SPACES FOR THE PUBLIC USE; TO ACT AS A RESOURCE TO INDIVIDUALS, CORPORATIONS, AND GOVERNMENTAL INSTITUTIONS; TO ASSIST IN PROVIDING EDUCATIONAL RESOURCES; TO FOSTER AMATEUR SPORTS COMPETITIONS AND TO PURSUE ANY OTHER LAWFUL PURPOSE OR PURPOSES PERMITTED TO A CORPORATION ORGANIZED UNDER THE KENTUCKY NON-PROFIT, NON-STOCK CORPORATIONS ACT AND TO BE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (OR VISION OF ANY FUTURE UNTIED STATES INTERNAL REVENUE CODE).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Bowles General Mana | 40 | $121,027 | |
Robbi Bentley Secretary | OfficerTrustee | $0 | |
James A Carter Chairman | Trustee | $0 | |
Cammy Dotson Treasurer | OfficerTrustee | $0 | |
Reggie Hickman CEO | Trustee | $0 | |
Larry Miller General Mana | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,782,071 |
| 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 | $1,782,071 |
| Total Program Service Revenue | $3,874,114 |
| Investment income | $47,379 |
| 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 | $1,152,561 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,075,919 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $121,027 |
| Other salaries and wages | $2,015,722 |
| 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 | $0 |
| Advertising and promotion | $491,694 |
| Office expenses | $247,527 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,851 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,008 |
| Insurance | $118,094 |
| All other expenses | $529,858 |
| Total functional expenses | $7,172,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,447,560 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $107,303 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $130,617 |
| Prepaid expenses and deferred charges | $39,363 |
| Net Land, buildings, and equipment | $332,516 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,527 |
| Total assets | $2,085,886 |
| Accounts payable and accrued expenses | $1,442,999 |
| Grants payable | $0 |
| Deferred revenue | $145,365 |
| 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 | $5,253 |
| Other liabilities | $28,527 |
| Total liabilities | $1,622,144 |
| Net assets without donor restrictions | $463,742 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,085,886 |