Form 990 for tax year 2024
Filed by KENTUCKY INDUSTRIAL DEVELOPMENT COUNCIL INC.
Totals
- Total revenue
- $269,003
- Total expenses
- $282,337
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $257,110
- Investment income
- $11,893
- Other revenue
- $0
- Total assets, end of year
- $405,139
- Total liabilities, end of year
- $24,028
- Net assets or fund balances, end of year
- $381,111
- Program services expenses (Part IX)
- $277,305
- Management and general expenses
- $5,032
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $277,305
Program services were 98.2% 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.
-
2a · Program service revenue: KIED REGISRATION & SPONSO
total $22,110 · related or exempt $22,110
-
2b · Program service revenue: KY CABINET FOR ECON DEVEL
total $34,000 · related or exempt $34,000
-
2c · Program service revenue: PDI INITIATIVE REVENUE
total $201,000 · related or exempt $201,000
-
3 · Investment income
total $11,893 · related or exempt $11,893
-
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
-
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 $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $2,657 · management and general $2,657
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: KCED PROGRAM EXPENSE
total $187,625 · program services $187,625
-
24b · Other expenses: PDI DIRECT EXPENSES
total $80,000 · program services $80,000
-
24c · Other expenses: Speaker Fees
total $4,013 · program services $4,013
-
24d · Other expenses: MISC EXPENSES
total $3,212 · program services $3,157 · management and general $55
-
24e · All other expenses
total $4,830 · program services $2,510 · management and general $2,320
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $220,960 · end of year $221,918
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $500
-
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
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $168,613 · end of year $182,721
-
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 $1 · end of year $0
-
17 · Accounts payable and accrued expenses
end of year $24,028
-
27 · Net assets without donor restrictions
beginning of year $215,174 · end of year $289,811
-
28 · Net assets with donor restrictions
beginning of year $174,400 · end of year $91,300
Mission and programs · 2024
Mission
DEVELOPMENT AND EDUCATIONAL OPPORTUNITIES TO PROMOTE INDUSTRIAL AND ECONOMIC DEVELOPMENT IN KENTUCKY.
-
ASSISTING COMMUNITIES IN IDENTIFYING SITES FOR ECONOMIC DEVELOPMENT
Expenses $277,305
As filed on the 2024 return.
Listed in Part VII
-
Daryl SmithDARYL SMITH
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Stephen TaylorSTEPHEN TAYLOR
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Terri BradshawTERRI BRADSHAW
SEC-TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jody LassiterJODY LASSITER
IMMEDIATE PAST
- Total calculated
- $0
- Hours/week
- 1
-
Bob HammondBOB HAMMOND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kim HustonKIM HUSTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Richie SandersRICHIE SANDERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Debbie GrayDEBBIE GRAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gina GreathouseGINA GREATHOUSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Bruce CarpenterBRUCE CARPENTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202511339349305946
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