Totals
- Total revenue
- $477,063
- Total expenses
- $389,609
- Contributions and grants received
- $475,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $2,063
- Other revenue
- $0
- Total assets, end of year
- $620,095
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $620,095
- Program services expenses (Part IX)
- $47,637
- Management and general expenses
- $341,972
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $47,637
Program services were 12.2% 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)
$440,000
-
1f · All other contributions, gifts and grants
$35,000
-
3 · Investment income
total $2,063 · excluded $2,063
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $275,992 · management and general $275,992
-
9 · Other employee benefits
total $30,893 · management and general $30,893
-
10 · Payroll taxes
total $19,816 · management and general $19,816
-
11b · Fees: legal
total $649 · management and general $649
-
11c · Fees: accounting
total $11,159 · management and general $11,159
-
11g · Fees: other
total $8,560 · program services $8,560
-
12 · Advertising and promotion
total $12,877 · program services $12,877
-
13 · Office expenses
total $646 · management and general $646
-
14 · Information technology
total $1,940 · management and general $1,940
-
17 · Travel
total $3,446 · program services $3,446
-
19 · Conferences, conventions and meetings
total $8,740 · program services $7,863 · management and general $877
-
24a · Other expenses: MEMBERSHIP FEES
total $7,969 · program services $7,969
-
24b · Other expenses: TRAINING
total $4,371 · program services $4,371
-
24c · Other expenses: PROJECTS
total $1,710 · program services $1,710
-
24d · Other expenses: BUSINESS EXPENSES OTHER
total $714 · program services $714
-
24e · All other expenses
total $127 · program services $127
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $532,641 · end of year $318,032
-
2 · Savings and temporary cash investments
end of year $302,063
-
10a · Land, buildings and equipment: cost or other basis
$35,920
-
10b · Land, buildings and equipment: accumulated depreciation
$35,920
-
27 · Net assets without donor restrictions
beginning of year $532,641 · end of year $620,095
Mission and programs · 2023
Mission
THE KENT ECONOMIC PARTNERSHIP (KEP) IS A NON-PROFIT ORGANIZATION CREATED TO SUPPORT AND EXPAND BUSINESS INTERESTS THROUGHOUT CENTRAL DELAWARE.
-
USING BUSINESS ATTRACTION AND RETENTION PROGRAMS THE KEP EFFORTS PROMOTE BETTER EMPLOYMENT OPPORTUNITIES FOR CENTRAL DELAWARE RESIDENTS BY BEING A PREMIER ECONOMIC ENGINE.
Expenses $47,637
-
SUPPORT AND EXPAND BUSINESS INTERESTS THROUGHOUT CENTRAL DELAWARE.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Linda ParkowskiLINDA PARKOWSKI
EXECUTIVE DI
- Total calculated
- $183,157
- From this org
- $183,157
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $183,157
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $183,157
-
Norman BarlowNORMAN BARLOW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shane BreakieSHANE BREAKIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shelly CecchettSHELLY CECCHETT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mayor Robin ChristiansenMAYOR ROBIN CHRISTIANSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ken DeckerKEN DECKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gerald EspositoGERALD ESPOSITO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tabitha GottTABITHA GOTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert MacleishROBERT MACLEISH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joanne MastenJOANNE MASTEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Denis McGlynnDENIS MCGLYNN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gregg MooreGREGG MOORE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dennis SpenceDENNIS SPENCE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chuck SpiegelmanCHUCK SPIEGELMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dina VendettiDINA VENDETTI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Richard WilkinsRICHARD WILKINS
BOARD MEMBER
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401349349302090
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