Form 990 for tax year 2023
Filed by KNOX DEVELOPMENT PARTNERSHIP INC.
Totals
- Total revenue
- $1,551,339
- Total expenses
- $22,368
- Contributions and grants received
- $1,525,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $23,086
- Other revenue
- $3,253
- Total assets, end of year
- $2,002,248
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,002,248
- Program services expenses (Part IX)
- $21,426
- Management and general expenses
- $942
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $21,426
Program services were 95.8% 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
$1,525,000
-
3 · Investment income
total $22,620 · excluded $22,620
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $24,400
-
6b · Less rental expenses
real property $21,147
-
6c · Rental income or loss
real property $3,253
-
6d · Net rental income or loss
total $3,253 · excluded $3,253
-
7a · Gross sales of assets other than inventory
other assets $290,466
-
7b · Less cost or other basis and sales expenses
other assets $290,000
-
7c · Gain or loss
other assets $466
-
7d · Net gain or loss
total $466 · excluded $466
-
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 $2,625 · program services $2,625
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $201 · program services $201
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $884 · management and general $884
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $58 · management and general $58
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $11,600 · program services $11,600
-
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: Knox Co Commercial Study - ADF
total $7,000 · program services $7,000
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $26,313 · end of year $24,176
-
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 $0
-
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
-
10a · Land, buildings and equipment: cost or other basis
$941,632
-
10c · Land, buildings and equipment, net
beginning of year $447,071 · end of year $941,632
-
11 · Investments: publicly traded securities
end of year $0
-
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
end of year $1,036,440
-
17 · Accounts payable and accrued expenses
beginning of year $107
-
27 · Net assets without donor restrictions
beginning of year $473,277 · end of year $2,002,248
Mission and programs · 2023
Mission
Knox Development Partnership partners with key community members including Knox County Foundation, Ariel Foundation and Area Development Foundation to further economic development in Knox County through key investments in real estate and other projects.
-
Maintenance and management of downtown Mount Vernon retail properties to encourage a diverse mix of establishments to encourage commerce and tourism in the area.
Expenses $21,426
As filed on the 2023 return.
Listed in Part VII
-
Marsha Rinehart
Chairman
- Total calculated
- $0
- Hours/week
- 5
-
Jeffrey Scott
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Jeffrey Gottke
Secretary
- Total calculated
- $0
- Hours/week
- 5
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501c(3) · Public Foundation · OH · controlled entity
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Property Management · OH
-
Real Estate Acquisition & Holding · OH · assets $600,000
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 26 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432709349300208
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