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← ELIZABETHTOWN-HARDIN COUNTY INDUSTRIAL FOUNDATION INC

Form 990 for tax year 2023

Filed by ELIZABETHTOWN-HARDIN COUNTY INDUSTRIAL FOUNDATION INC.

Totals

Total revenue
$1,208,567
Total expenses
$534,821
Contributions and grants received
$51,472
Grants paid
$100,000
Program service revenue
$697,357
Investment income
$417,274
Other revenue
$42,464
Total assets, end of year
$14,848,091
Total liabilities, end of year
$2,399,990
Net assets or fund balances, end of year
$12,448,101
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$534,821

Program services were 0.0% 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)

    $51,472

  • 2a · Program service revenue: LAND SALES

    total $697,357 · related or exempt $697,357

  • 3 · Investment income

    total $417,274 · related or exempt $417,274

  • 11a · Other revenue: LAND MANAGEMENT

    total $62,971 · related or exempt $62,971

  • 11b · Other revenue: LAND RENTAL

    total $2,250 · related or exempt $2,250

  • 11c · Other revenue: CHANGE IN FAIR VALUE OF INV.

    total -$22,757 · related or exempt -$22,757

  • 11e · Other revenue, total

    $42,464

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000

  • 5 · Compensation of officers, directors and key employees

    total $228,237

  • 7 · Other salaries and wages

    total $18,316

  • 8 · Pension plan contributions

    total $5,983

  • 9 · Other employee benefits

    total $18,297

  • 10 · Payroll taxes

    total $18,621

  • 11b · Fees: legal

    total $9,148

  • 11c · Fees: accounting

    total $5,155

  • 11g · Fees: other

    total $40

  • 12 · Advertising and promotion

    total $41,886

  • 13 · Office expenses

    total $10,411

  • 16 · Occupancy

    total $18,191

  • 17 · Travel

    total $5,721

  • 19 · Conferences, conventions and meetings

    total $3,364

  • 22 · Depreciation, depletion and amortization

    total $23,398

  • 23 · Insurance

    total $16,525

  • 24a · Other expenses: TELEPHONE

    total $5,120

  • 24b · Other expenses: MAINTENANCE

    total $3,552

  • 24c · Other expenses: PROPERTY TAXES

    total $2,856

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,111,918 · end of year $1,005,805

  • 2 · Savings and temporary cash investments

    beginning of year $9,318,012 · end of year $9,062,276

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,458 · end of year $7,702

  • 10a · Land, buildings and equipment: cost or other basis

    $306,309

  • 10b · Land, buildings and equipment: accumulated depreciation

    $179,688

  • 10c · Land, buildings and equipment, net

    beginning of year $81,055 · end of year $126,621

  • 15 · Other assets

    beginning of year $3,047,494 · end of year $4,645,687

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,454 · end of year $5,452

  • 25 · Other liabilities

    beginning of year $1,794,128 · end of year $2,394,538

  • 27 · Net assets without donor restrictions

    beginning of year $11,774,355 · end of year $12,448,101

Mission and programs · 2023

Mission

SALE OF LAND TO CREATE JOBS FOR THE REGION

  • SALE OF LAND TO CREATE JOBS FOR THE REGION

    Expenses $534,821

  • EXPENSES RELATED TO LAND DEVELOPMENT.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard A Games

    PRESIDENT &

    Total calculated
    $140,570
    From this org
    $140,570
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Andrew C Games

    VICE PRESIDE

    Total calculated
    $87,667
    From this org
    $87,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sue French

    DIRECTOR

    Total calculated
    $0

  • Jeff Gregory

    DIRECTOR

    Total calculated
    $0

  • Matthew Hess

    BOARD CHAIRM

    Total calculated
    $0

  • Juston Pate

    DIRECTOR

    Total calculated
    $0

  • Heidi Patterson

    VICE CHAIRMA

    Total calculated
    $0

  • Greg Pawley

    SECRETARY/TR

    Total calculated
    $0

  • Ed Poppe

    DIRECTOR

    Total calculated
    $0

  • Jennifer Swope

    DIRECTOR

    Total calculated
    $0

  • Keith Taul

    DIRECTOR

    Total calculated
    $0

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2024
IRS schema version
2023v5.0
Source object
202401219349301905

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