Skip to content
Nonprofiteer
← NELSON COUNTY ECONOMIC DEVELOPMENT AGENCY INC

Form 990 for tax year 2024

Filed by NELSON COUNTY ECONOMIC DEVELOPMENT AGENCY INC.

Totals

Total revenue
$273,445
Total expenses
$217,784
Contributions and grants received
$200,739
Grants paid
$0
Program service revenue
$53,875
Investment income
$53
Other revenue
$18,778
Total assets, end of year
$242,488
Total liabilities, end of year
$11,621
Net assets or fund balances, end of year
$230,867
Program services expenses (Part IX)
$1,405
Management and general expenses
$216,379
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.6% 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)

    $200,739

  • 2a · Program service revenue: MAINSTREET PROGRAM

    total $53,875 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $53 · unrelated business $0 · excluded $53

  • 6a · Gross rents

    real property $18,778

  • 6c · Rental income or loss

    real property $18,778

  • 6d · Net rental income or loss

    total $18,778 · related or exempt $18,778

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $102,829 · program services $0 · management and general $102,829 · fundraising $0

  • 7 · Other salaries and wages

    total $19,461 · program services $0 · management and general $19,461 · fundraising $0

  • 9 · Other employee benefits

    total $18,894 · program services $0 · management and general $18,894 · fundraising $0

  • 10 · Payroll taxes

    total $3,204 · program services $0 · management and general $3,204 · fundraising $0

  • 12 · Advertising and promotion

    total $1,388 · program services $0 · management and general $1,388 · fundraising $0

  • 13 · Office expenses

    total $6,915 · program services $0 · management and general $6,915 · fundraising $0

  • 16 · Occupancy

    total $12,731 · program services $0 · management and general $12,731 · fundraising $0

  • 17 · Travel

    total $5,902 · program services $0 · management and general $5,902 · fundraising $0

  • 23 · Insurance

    total $4,552 · program services $0 · management and general $4,552 · fundraising $0

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $8,610 · program services $0 · management and general $8,610 · fundraising $0

  • 24b · Other expenses: INTERNET

    total $296 · program services $0 · management and general $296 · fundraising $0

  • 24c · Other expenses: TELEPHONE

    total $1,589 · program services $0 · management and general $1,589 · fundraising $0

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $2,415 · program services $0 · management and general $2,415 · fundraising $0

  • 24e · All other expenses

    total $28,998 · program services $1,405 · management and general $27,593 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $175,771 · end of year $211,430

  • 4 · Accounts receivable

    beginning of year $11,328 · end of year $30,866

  • 8 · Inventories for sale or use

    beginning of year $192 · end of year $192

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,596 · end of year $5,540

  • 25 · Other liabilities

    beginning of year $10,489 · end of year $6,081

  • 27 · Net assets without donor restrictions

    beginning of year $175,206 · end of year $230,867

Mission and programs · 2024

Mission

TO PROMOTE ECONOMIC DEVELOPMENT AND ATTRACT AND RETAIN INDUSTRIES.

  • EXPENSES OF THE ORGANIZATION ARE REPORTED ON PART IX PAGE 10. THE ORGANIZATION EXEPNSES ARE NECESSARY TO MAINTAIN CURRENT INDUSTRIAL BUSINESS AND CONTINUE TO ATTRACT INDUSTGRIES FOR THE ECONOMIC GROWTH AND EMPLOYMENT OF BARDSTOWN AND NELSON COUNTY.

As filed on the 2024 return.

Listed in Part VII

  • Kimberly Huston

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Dean Watts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dick Heaton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chad McCoy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Ballard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Downs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill McCloskey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jimmy Higdon

    DIRECTOR

    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
15 December 2025
IRS schema version
2024v5.2
Source object
202612129349301111

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.