Form 990 for tax year 2022
Filed by ELIZABETHTOWN-HARDIN COUNTY INDUSTRIAL FOUNDATION INC.
Totals
- Total revenue
- $3,693,378
- Total expenses
- $650,432
- Contributions and grants received
- $190,612
- Grants paid
- $0
- Program service revenue
- $3,471,174
- Investment income
- $878
- Other revenue
- $30,714
- Total assets, end of year
- $13,576,937
- Total liabilities, end of year
- $1,802,582
- Net assets or fund balances, end of year
- $11,774,355
- 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.
-
1e · Government grants (contributions)
$51,560
-
1f · All other contributions, gifts and grants
$139,052
-
2a · Program service revenue: LAND SALES
total $3,471,174 · related or exempt $3,471,174
-
3 · Investment income
total $878 · related or exempt $878
-
11a · Other revenue: CHANGE IN FAIR VALUE OF INV.
total $22,757 · related or exempt $22,757
-
11b · Other revenue: LAND RENTAL
total $7,957 · related or exempt $7,957
-
11e · Other revenue, total
$30,714
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $270,375
-
7 · Other salaries and wages
total $16,375
-
8 · Pension plan contributions
total $5,753
-
9 · Other employee benefits
total $16,722
-
10 · Payroll taxes
total $19,079
-
11b · Fees: legal
total $15,754
-
11c · Fees: accounting
total $5,055
-
12 · Advertising and promotion
total $21,209
-
13 · Office expenses
total $10,425
-
16 · Occupancy
total $76,259
-
17 · Travel
total $5,571
-
19 · Conferences, conventions and meetings
total $2,737
-
22 · Depreciation, depletion and amortization
total $17,573
-
23 · Insurance
total $12,545
-
24a · Other expenses: DONATION TO ECTC
total $139,052
-
24b · Other expenses: PROPERTY TAXES
total $6,125
-
24c · Other expenses: TELEPHONE
total $5,688
-
24d · Other expenses: MAINTENANCE
total $4,135
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $18,947 · end of year $1,111,918
-
2 · Savings and temporary cash investments
beginning of year $3,195,208 · end of year $9,318,012
-
9 · Prepaid expenses and deferred charges
beginning of year $88,454 · end of year $18,458
-
10a · Land, buildings and equipment: cost or other basis
$237,345
-
10b · Land, buildings and equipment: accumulated depreciation
$156,290
-
10c · Land, buildings and equipment, net
beginning of year $98,628 · end of year $81,055
-
15 · Other assets
beginning of year $6,900,998 · end of year $3,047,494
-
17 · Accounts payable and accrued expenses
beginning of year $7,575 · end of year $8,454
-
25 · Other liabilities
beginning of year $1,563,251 · end of year $1,794,128
-
27 · Net assets without donor restrictions
beginning of year $8,731,409 · end of year $11,774,355
Mission and programs · 2022
Mission
SALE OF LAND TO CREATE JOBS FOR THE REGION
-
SALE OF LAND TO CREATE JOBS FOR THE REGION
-
EXPENSES RELATED TO LAND DEVELOPMENT.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
RICHARD A GAMES
PRESIDENT &
- Total calculated
- $190,375
- From this org
- $190,375
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $111,775
- Bonus
- $78,600
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $190,375
-
ANDREW C GAMES
VICE PRESIDE
- Total calculated
- $80,000
- From this org
- $80,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
MIKE BELL
DIRECTOR
- Total calculated
- $0
-
HARRY BERRY
DIRECTOR
- Total calculated
- $0
-
MIKE BOWERS
DIRECTOR
- Total calculated
- $0
-
SUE FRENCH
DIRECTOR
- Total calculated
- $0
-
JEFF GREGORY
DIRECTOR
- Total calculated
- $0
-
MATTHEW HESS
BOARD CHAIRM
- Total calculated
- $0
-
GREG JENKINS
DIRECTOR
- Total calculated
- $0
-
JUSTON PATE
DIRECTOR
- Total calculated
- $0
-
HEIDI PATTERSON
VICE CHAIRMA
- Total calculated
- $0
-
GREG PAWLEY
SECRETARY/TR
- Total calculated
- $0
-
ED POPPE
DIRECTOR
- Total calculated
- $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. 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
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
- 2022
- Filed
- 28 March 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301099349301905
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