Form 990 for tax year 2024
Filed by TRI-COUNTY ECONOMIC DEVELOPMENT CHARITABLE CORPORATION.
Totals
- Total revenue
- $168,061
- Total expenses
- $1,127,562
- Contributions and grants received
- $129,174
- Grants paid
- $279,750
- Program service revenue
- $0
- Investment income
- $38,887
- Other revenue
- $0
- Total assets, end of year
- $1,667,929
- Total liabilities, end of year
- $400,201
- Net assets or fund balances, end of year
- $1,267,728
- Program services expenses (Part IX)
- $1,127,562
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,127,562
Program services were 100.0% 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.
-
1f · All other contributions, gifts and grants
$129,174
-
3 · Investment income
total $38,887 · related or exempt $38,887
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $279,750 · program services $279,750
-
5 · Compensation of officers, directors and key employees
total $257,349 · program services $257,349
-
7 · Other salaries and wages
total $336,749 · program services $336,749
-
8 · Pension plan contributions
total $24,348 · program services $24,348
-
9 · Other employee benefits
total $49,870 · program services $49,870
-
10 · Payroll taxes
total $39,732 · program services $39,732
-
11g · Fees: other
total $45,550 · program services $45,550
-
12 · Advertising and promotion
total $9,715 · program services $9,715
-
19 · Conferences, conventions and meetings
total $20,209 · program services $20,209
-
24a · Other expenses: SUBSCRIPTIONS
total $63,245 · program services $63,245
-
24b · Other expenses: PRINTED MATERIALS
total $895 · program services $895
-
24c · Other expenses: TELEPHONE
total $135 · program services $135
-
24d · Other expenses: AGENCY MEMBERSHIPS
total $15 · program services $15
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,080,363 · end of year $567,679
-
3 · Pledges and grants receivable
beginning of year $1,334,000 · end of year $750,250
-
7 · Other notes and loans receivable
end of year $350,000
-
17 · Accounts payable and accrued expenses
beginning of year $182,421 · end of year $289,701
-
19 · Deferred revenue
end of year $110,500
-
27 · Net assets without donor restrictions
beginning of year $87,523 · end of year $121,693
-
28 · Net assets with donor restrictions
beginning of year $2,144,419 · end of year $1,146,035
Mission and programs · 2024
Mission
THE MISISON OF THE TRI-COUNTY ECONOMIC DEVELOPMENT CHARITABLE CORPORATION IS TO PROVIDE PRIVATE-SECTOR LEADERSHIP AND RESOURCES TO THE TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION (TRI-ED) IN MARKETING AND PROMOTING THE THREE NORTHERN KENTUCKY COUNTIES ON A NATIONAL AND INTERNATIONAL BASIS, AS A LOCATION FOR NEW OR EXPANDING (1) MANUFACTURING PROJECTS (2) OFFICE PROJECTS, (3) WAREHOUSE/DISTRIBUTION PROJECTS, AND (4) LARGE COMMERCIAL AND SERVICE PROJECTS.
Activities or mission (Part I)
TO PROVIDE PRIVATE-SECTOR LEADERSHIP AND RESOURCES TO THE TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION (TRI-ED)
-
SUPPORT SERVICES RENDERED TO THE TRI-COUNTY ECONOMIC DEVELOPMENT CORPORTATION, WHICH PROVIDE BOONE, CAMPBELL, AND KENTON COUNTIES AND THE MUNICIPALITIES AND BUSINESS INTERESTS THEREIN WITH PROFESSIONAL ECONOMIC DEVELOPMENT SERVICES COMPRISED OF: ADDRESSING THE CURRENT AND FUTURE WORKFORCE NEEDS OF NORTHERN KENTUCKY, INDETIFY AND PREPARE SITES FOR SUBSEQUENT PRIVATE COMMERCIAL AND INDUSTRIAL DEVELOPMENT THAT EXCEEDS COMMUNITY EMPLOYMENT AND WAGE TARGETS, AND PROVIDE DATA, INSIGHTS, AND A FORUM TO COMMUNITY LEADERS THAT CONTRIBUTE TO PROSPERITY, GROWTH AND EQUITY IN THE REGION.
Expenses $1,127,562 · Grants $279,750
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Carey SandersCAREY SANDERS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ben BrandstetterBEN BRANDSTETTER
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kris KnochelmannKRIS KNOCHELMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Gary MooreGARY MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Steve PenderySTEVE PENDERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Normand DesmaraisNORMAND DESMARAIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Adrian HothemADRIAN HOTHEM
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jim DressmanJIM DRESSMAN
FORMER CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lee CrumeLEE CRUME
PRESIDENT & CEO
- Total calculated
- $395,767
- From this org
- $0
- From related orgs
- $380,540
- Other
- $15,227
- Hours/week
- 11 + 29 related
Schedule J breakdown matched by us
- Base
- $0 + $307,128 related
- Bonus
- $0 + $62,285 related
- Other
- $0 + $11,127 related
- Deferred
- $0 + $10,227 related
- Nontaxable benefits
- $0 + $5,000 related
- Filer's total
- $0 + $395,767 related
-
Christine RussellCHRISTINE RUSSELL
VP OF STRATEGY
- Total calculated
- $188,571
- From this org
- $0
- From related orgs
- $182,011
- Other
- $6,560
- Hours/week
- 34 + 6 related
Schedule J breakdown matched by us
- Base
- $0 + $164,000 related
- Bonus
- $0 + $14,760 related
- Other
- $0 + $3,251 related
- Deferred
- $0 + $6,560 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $188,571 related
-
Kimberly RossettiKIMBERLY ROSSETTI
VP OF ECONOMIC DEVELOPMENT
- Total calculated
- $158,965
- From this org
- $0
- From related orgs
- $150,865
- Other
- $8,100
- Hours/week
- 6 + 34 related
Schedule J breakdown matched by us
- Base
- $0 + $136,088 related
- Bonus
- $0 + $12,600 related
- Other
- $0 + $2,177 related
- Deferred
- $0 + $5,600 related
- Nontaxable benefits
- $0 + $2,500 related
- Filer's total
- $0 + $158,965 related
-
Cherly BeslCHERLY BESL
VP OF MARKETING & COMMUNICATIONS
- Total calculated
- $129,359
- From this org
- $0
- From related orgs
- $121,845
- Other
- $7,514
- Hours/week
- 12 + 28 related
-
David McAleeseDAVID MCALEESE
RESEARCH DIRECTOR
- Total calculated
- $112,919
- From this org
- $0
- From related orgs
- $108,639
- Other
- $4,280
- Hours/week
- 16 + 24 related
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
-
TO SUPPORT THE WORKFORCE INITIATIVE
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.
-
TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION
501(C)(6) · KY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202600779349300615
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