Form 990 for tax year 2023
Filed by HENDERSON COUNTY ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $395,090
- Total expenses
- $351,339
- Contributions and grants received
- $393,650
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $1,440
- Other revenue
- $0
- Total assets, end of year
- $342,220
- Total liabilities, end of year
- $7,284
- Net assets or fund balances, end of year
- $334,936
- Program services expenses (Part IX)
- $15,419
- Management and general expenses
- $335,920
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $15,419
Program services were 4.4% 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.
-
1a · Federated campaigns
$367,150
-
1f · All other contributions, gifts and grants
$26,500
-
2a · Program service revenue: HENDERSON REGIONAL IND
-
3 · Investment income
total $1,440 · related or exempt $1,440
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $219,469 · management and general $219,469
-
9 · Other employee benefits
total $13,055 · management and general $13,055
-
10 · Payroll taxes
total $18,071 · management and general $18,071
-
11c · Fees: accounting
total $1,975 · management and general $1,975
-
13 · Office expenses
total $8,460 · management and general $8,460
-
14 · Information technology
total $7,471 · management and general $7,471
-
16 · Occupancy
total $21,881 · management and general $21,881
-
17 · Travel
total $3,367 · management and general $3,367
-
19 · Conferences, conventions and meetings
total $14,041 · management and general $14,041
-
22 · Depreciation, depletion and amortization
total $3,484 · management and general $3,484
-
23 · Insurance
total $4,589 · management and general $4,589
-
24a · Other expenses: 51400 MISC
total $668 · management and general $668
-
24b · Other expenses: 50800 DUES AND SUBS
total $17,552 · management and general $17,552
-
24c · Other expenses: 50850 GIFTS
total $1,837 · management and general $1,837
-
24e · All other expenses
total $15,419 · program services $15,419
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $273,075 · end of year $326,264
-
3 · Pledges and grants receivable
beginning of year $13,000 · end of year $3,500
-
10a · Land, buildings and equipment: cost or other basis
$32,801
-
10b · Land, buildings and equipment: accumulated depreciation
$20,345
-
10c · Land, buildings and equipment, net
beginning of year $12,321 · end of year $12,456
-
17 · Accounts payable and accrued expenses
beginning of year $7,211 · end of year $7,284
-
31 · Retained earnings, endowment or other funds
beginning of year $291,185 · end of year $334,936
Mission and programs · 2023
Mission
COMMITTED TO HELPING BUSINESS SUCCEED AND GROW IN NORTHWEST KY INCLUDING EXISTING INDUSTRIES, WORKFORCE DEVELOPMENT AND TARGETED SECTORS TO BRING IN NEW INDUSTRIES
-
COMMUNICATIONS:CONTINUED TALENT ATTRACTION EFFORTSMARKET TO SITE SELECTORS AND OTHER TARGET AUDIENCES
Expenses $8,323
-
COMMUNITY AND WORKFORCE DEVELOPMENT:JAGOE HOME DEVELOPMENT - OVER 30 HOUSES UNDER CONSTRUCTION TO MEET HOUSING NEEDSGROUND BREAKING HENDERSON DISTILLING CO.MANUFACTURING ACADEMY - HOSTED TOURS FOR 60 MIDDLE SCHOOL STUDENTS, 100 HIGH SCHOOL STUDENTS AND MORE THAN 100 GUIDANCE COUNSELORS AND ADMINISTRATORS
Expenses $4,560
-
Site Development:Built largest build ready pad in the state of KentuckyGroundbreaking at Henderson County Mine
Expenses $2,290
-
2 existing industries expanded:Hydro Aluminum - $85 Million capital investment and 31 full-time jobsPittsburg Tank and Tower Group - $5 million investment and 10 full time jobs
Expenses $246
As filed on the 2023 return.
Listed in Part VII
-
MELISSA VANDERPOOL
EXECUTIVE DIRECTOR
- Total calculated
- $91,241
- From this org
- $85,880
- From related orgs
- $0
- Other
- $5,361
- Hours/week
- 40
-
WHITNEY RISLEY
DIR EXISTING INDUSTRY
- Total calculated
- $73,647
- From this org
- $70,948
- From related orgs
- $0
- Other
- $2,699
- Hours/week
- 40
-
KATE MCINDOO
DIR COMMUNICATIONS
- Total calculated
- $47,158
- From this org
- $44,981
- From related orgs
- $0
- Other
- $2,177
- Hours/week
- 40
-
STEPHANIE L LUCAS
BOOKKEEPER
- Total calculated
- $19,691
- From this org
- $19,691
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
KATE GREALISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
BRAD BICKETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
BRAD STATON
MAYOR
- Total calculated
- $0
- Hours/week
- 0
-
CLAY GILLHAM
EX-OFFICIO CHAMBER OF COMMERC
- Total calculated
- $0
- Hours/week
- 0
-
LINDA WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
BRAD SCHNEIDER
CO JUDGE EXEC DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
TONY KRAMPE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
BRIAN HAWKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
BOB MCINDOO
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0
-
JASON WARREN
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
MATT HUNSAKER
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
BEN JOHNSTON
CHAIR ELECT
- 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
- 2023
- Filed
- 8 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521329349301842
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