Form 990 for tax year 2022
Filed by KENTUCKY ASSOCIATION FOR ECONOMIC DEVELOPMENT.
Totals
- Total revenue
- $1,883,550
- Total expenses
- $1,190,069
- Contributions and grants received
- $1,567,562
- Grants paid
- $0
- Program service revenue
- $296,687
- Investment income
- $19,301
- Other revenue
- $0
- Total assets, end of year
- $3,478,711
- Total liabilities, end of year
- $253,856
- Net assets or fund balances, end of year
- $3,224,855
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
1b · Membership dues
$70,062
-
1f · All other contributions, gifts and grants
$1,497,500
-
2a · Program service revenue: Corporate Sponsors
total $161,000 · related or exempt $161,000
-
2b · Program service revenue: Event Registrations
total $51,170 · related or exempt $51,170
-
2c · Program service revenue: Event Sponsorships
total $50,300 · related or exempt $50,300
-
2d · Program service revenue: Kentucky United
total $34,217 · related or exempt $34,217
-
3 · Investment income
total $19,301 · excluded $19,301
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $45,418
-
7 · Other salaries and wages
total $86,206
-
9 · Other employee benefits
total $30,425
-
10 · Payroll taxes
total $10,972
-
11c · Fees: accounting
total $12,977
-
11f · Fees: investment management
total $5,633
-
11g · Fees: other
total $9,827
-
12 · Advertising and promotion
total $16,318
-
13 · Office expenses
total $20,163
-
14 · Information technology
total $6,794
-
16 · Occupancy
total $15,600
-
17 · Travel
total $11,462
-
23 · Insurance
total $2,240
-
24a · Other expenses: Restricted Member Suppo
total $576,051
-
24b · Other expenses: Event Expenses
total $119,094
-
24c · Other expenses: Economic Development An
total $97,860
-
24d · Other expenses: Legislative Affairs
total $54,608
-
24e · All other expenses
total $68,421
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,181,588 · end of year $2,891,934
-
4 · Accounts receivable
beginning of year $132,358 · end of year $220,725
-
9 · Prepaid expenses and deferred charges
beginning of year $2,720 · end of year $8,420
-
11 · Investments: publicly traded securities
beginning of year $417,846 · end of year $354,897
-
15 · Other assets
beginning of year $2,643 · end of year $2,735
-
17 · Accounts payable and accrued expenses
beginning of year $3,224 · end of year $4,006
-
19 · Deferred revenue
beginning of year $127,312 · end of year $229,550
-
25 · Other liabilities
beginning of year $0 · end of year $20,300
-
27 · Net assets without donor restrictions
beginning of year $1,021,889 · end of year $766,042
-
28 · Net assets with donor restrictions
beginning of year $1,584,730 · end of year $2,458,813
Mission and programs · 2022
Mission
Our purpose is to educate, advocate and connect with our members on issues that are important to the economic development in the Commonwealth of Kentucky.
-
KENTUCKY UNITED IS AN EXCLUSIVE MARKETING PROGRAM AVAILABLE TO THE MEMBERS OF KAED.
-
KAED PROVIDES AN ATMOSPHERE WHERE PROFESSIONALS CAN WORK TOGETHER TO SOLVE PROBLEMS, SHARE IDEAS AND BUILD A NETWORK.
-
KAED HOSTS VARIOUS EVENTS AND CONFERENCES FOR THE BENEFIT OF ITS MEMBERS.
-
OPERATING AND PERSONNEL EXPENSES THAT ARE NOT ALLOCATED TO SPECIFIC PROGRAMS.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jodi AshbyuJODI ASHBYU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ray HagermanRAY HAGERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gina GreathouseGINA GREATHOUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tom WestTOM WEST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rick GamesRICK GAMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kimberly RossettiKIMBERLY ROSSETTI
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Amanda DavenportAMANDA DAVENPORT
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Brittany JohnsonBRITTANY JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Danny IsaacsDANNY ISAACS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Amanda ClarkAMANDA CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bob HeltonBOB HELTON
EXECUTIVE
- Total calculated
- $0
- Hours/week
- 2
-
Rodney HitchRODNEY HITCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brett TraverBRETT TRAVER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Haley S McCoyHALEY S MCCOY
PRESIDENT / CEO
- Total calculated
- $45,418
- From this org
- $45,418
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Matthew TackettMATTHEW TACKETT
FORMER PRESIDENT / CEO
- Total calculated
- $37,386
- From this org
- $37,386
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $37,386
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $37,386
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
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
- 13 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303119349301820
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