Form 990 for tax year 2023
Filed by KENTUCKY ASSOCIATION FOR ECONOMIC DEVELOPMENT.
Totals
- Total revenue
- $537,116
- Total expenses
- $1,080,149
- Contributions and grants received
- $30,000
- Grants paid
- $0
- Program service revenue
- $483,700
- Investment income
- $23,416
- Other revenue
- $0
- Total assets, end of year
- $2,864,991
- Total liabilities, end of year
- $150,161
- Net assets or fund balances, end of year
- $2,714,830
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
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.
-
1f · All other contributions, gifts and grants
$30,000
-
2a · Program service revenue: CORPORATE SPONSORS
total $217,000 · related or exempt $217,000
-
2b · Program service revenue: EVENT REGISTRATIONS
total $109,212 · related or exempt $109,212
-
2c · Program service revenue: EVENT SPONSORSHIPS
total $69,575 · related or exempt $69,575
-
2d · Program service revenue: KENTUCKY UNITED
total $13,200 · related or exempt $13,200
-
2e · Program service revenue: Membership Dues & Assessments
total $74,713 · related or exempt $74,713
-
3 · Investment income
total $23,416 · excluded $23,416
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUS REVENUE
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $153,682
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $29,100
-
10 · Payroll taxes
total $14,146
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $13,105
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $5,490
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $13,671
-
13 · Office expenses
total $12,523
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $16,900
-
17 · Travel
total $15,932
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $203,648
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $588
-
23 · Insurance
total $908
-
24a · Other expenses: RESTRICTED-MEMBER SUPPORT EXP
total $432,086
-
24b · Other expenses: KY UNITED EXPENSES
total $50,162
-
24c · Other expenses: LEGISLATIVE AFFAIRS
total $49,969
-
24d · Other expenses: GRANT EXPENSES
total $35,634
-
24e · All other expenses
total $32,605
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,891,934 · end of year $2,437,383
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $220,725 · end of year $28,532
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $8,420 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$2,940
-
10b · Land, buildings and equipment: accumulated depreciation
$588
-
10c · Land, buildings and equipment, net
end of year $2,352
-
11 · Investments: publicly traded securities
beginning of year $354,897 · end of year $396,724
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,735 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $4,006 · end of year $144,713
-
19 · Deferred revenue
beginning of year $229,550
-
25 · Other liabilities
beginning of year $20,300 · end of year $5,448
-
27 · Net assets without donor restrictions
beginning of year $766,042 · end of year $711,237
-
28 · Net assets with donor restrictions
beginning of year $2,458,813 · end of year $2,003,593
Mission and programs · 2023
Mission
OUR PURPOSE IS TO EDUCATE, ADVOCATE AND CONNECT WITH OUR MEMBERS ON ISSUES THAT ARE IMPORTANT TO THE ECONOMIC DEVELOPMENT IN THE COMMONWEALTH OF KENTUCKY.
-
KENTUCKY UNITED IS AN EXCLUSIVE MARKETING PROGRAM AVAILABLE TO THE MEMBERS OF KAED.
-
KAED PROVIDES AN ATMOSPHERE WHERE PROFESSIONALS CAN WORK TOGETHER TO SOLVE PROBLEMS, SHARE IDEAS AND BUILD A NETWORK.
-
KAED HOSTS VARIOUS EVENTS AND CONFERENCES FOR THE BENEFIT OF ITS MEMBERS.
As filed on the 2023 return.
Listed in Part VII
-
Amanda DavenportAMANDA DAVENPORT
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Kimberly RossettiKIMBERLY ROSSETTI
CHAIR-ELECT
- Total calculated
- $0
- Hours/week
- 2
-
Ray HagermanRAY HAGERMAN
SEC/TREAS
- Total calculated
- $0
- Hours/week
- 2
-
Brett TraverBRETT TRAVER
IMMED PAST CHAI
- Total calculated
- $0
- Hours/week
- 2
-
Amanda ClarkAMANDA CLARK
Director
- Total calculated
- $0
- Hours/week
- 2
-
Gina GreathouseGINA GREATHOUSE
Director
- Total calculated
- $0
- Hours/week
- 2
-
Carter HendricksCARTER HENDRICKS
Director
- Total calculated
- $0
- Hours/week
- 2
-
Rodney HitchRODNEY HITCH
Director
- Total calculated
- $0
- Hours/week
- 2
-
Danny IsaacsDANNY ISAACS
Director
- Total calculated
- $0
- Hours/week
- 2
-
Brittaney JohnsonBRITTANEY JOHNSON
Director
- Total calculated
- $0
- Hours/week
- 2
-
Colby KirkCOLBY KIRK
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jason SloneJASON SLONE
Director
- Total calculated
- $0
- Hours/week
- 2
-
Tom WestTOM WEST
Director
- Total calculated
- $0
- Hours/week
- 2
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
- 2023
- Filed
- 8 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421299349300232
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