Totals
- Total revenue
- $39,655
- Total expenses
- $282,992
- Contributions and grants received
- $39,655
- Grants paid
- $1,475
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $398,793
- Total liabilities, end of year
- $292,664
- Net assets or fund balances, end of year
- $106,129
- Program services expenses (Part IX)
- $58,695
- Management and general expenses
- $196,260
- Fundraising expenses
- $28,037
- Program service expenses (Part III)
- $58,695
Program services were 20.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$14,629
-
1f · All other contributions, gifts and grants
$25,026
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,475 · program services $1,475
-
7 · Other salaries and wages
total $184,020 · program services $36,804 · management and general $128,814 · fundraising $18,402
-
10 · Payroll taxes
total $22,690 · program services $4,538 · management and general $15,883 · fundraising $2,269
-
11c · Fees: accounting
total $13,000 · program services $2,600 · management and general $9,100 · fundraising $1,300
-
12 · Advertising and promotion
total $675 · program services $135 · management and general $472 · fundraising $68
-
13 · Office expenses
total $11,364 · program services $2,273 · management and general $7,955 · fundraising $1,136
-
17 · Travel
total $17,033 · program services $3,407 · management and general $11,923 · fundraising $1,703
-
20 · Interest
total $8,751 · program services $1,750 · management and general $6,126 · fundraising $875
-
22 · Depreciation, depletion and amortization
total $1,145 · program services $1,145
-
23 · Insurance
total $793 · program services $159 · management and general $555 · fundraising $79
-
24a · Other expenses: LICENSES
total $5,672 · program services $1,134 · management and general $3,971 · fundraising $567
-
24b · Other expenses: VOLUNTEER TRAINING
total $4,647 · program services $929 · management and general $3,253 · fundraising $465
-
24c · Other expenses: DUES & MEMBERSHIPS
total $4,549 · program services $910 · management and general $3,184 · fundraising $455
-
24d · Other expenses: PROPERTY EXPENSE
total $4,424 · program services $885 · management and general $3,097 · fundraising $442
-
24e · All other expenses
total $2,754 · program services $551 · management and general $1,927 · fundraising $276
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $48,586 · end of year $7,539
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $2,500
-
10a · Land, buildings and equipment: cost or other basis
$389,899
-
10b · Land, buildings and equipment: accumulated depreciation
$1,145
-
10c · Land, buildings and equipment, net
beginning of year $376,161 · end of year $388,754
-
19 · Deferred revenue
beginning of year $0 · end of year $907
-
25 · Other liabilities
beginning of year $75,282 · end of year $291,757
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $349,465 · end of year $106,129
Mission and programs · 2024
Mission
EMBRACING OUR PAST, EMPOWERING OUR PEOPLE, AND UNLOCKING OUR FUTURE BY DEVELOPING A TOURISM INDUSTRY CLUSTER, AND REVITALIZING OUR COMMUNITIES IN THE COALFIELDS OF EASTERN KENTUCKY
-
HOSTED 4 PUBLIC MEETINGS IN VARIOUS LOCATIONS IN LETCHER COUNTY TO SHARE OUR PROJECTS, BOOST COMMUNITY MORALE, AND SOLICIT FEEDBACK ON OUR WORK FURTHERING TOURISM AND ECONOMIC DEVELOPMENT.
Expenses $19,549 · Grants $475
-
ESTABLISHED FACADE IMPROVEMENT GRANT IN PARTNERSHIP WITH THE CITY OF WHITESBURG TO PROVIDE PROPERTY AND/OR BUSINESS OWNERS UP TO $1,000 TO SPRUCE UP THE OUTSIDE OF THEIR BUILDING OR STOREFRONT.
Expenses $20,073 · Grants $1,000
-
PARTNERED WITH ONE EAST KENTUCKY, REGIONAL ECONOMIC DEVELOPMENT OFFICE, TO ESTABLISH TWO "DOWNTOWN STRATEGIES" PLANS IN WHITESBURG AND IN JENKINS. THESE ARE DOWNTOWN REVITALIZATION PLANS.
Expenses $19,073
As filed on the 2024 return.
Listed in Part VII
-
Charles W Matthews JrCHARLES W MATTHEWS JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eli MatthewsELI MATTHEWS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Isaac MatthewsISAAC MATTHEWS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Jeffery JusticeJEFFERY JUSTICE
EXECUTIVE DIRECTOR
- Total calculated
- $70,300
- From this org
- $70,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Ina M MatthewsINA M MATTHEWS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Donna J ChildersDONNA J CHILDERS
SECRETARY & TRASURER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533189349302733
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