philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Hickman County Economic Development Authority INC

Tax-deductible

Mayfield, KY501(c)(3)Community Development EIN 26-0783689Revenue $80K in FY2023

On file with the IRS1801 Byrd Rd, 42066-7801 · Mayfield, KYTax-exempt since Dec 2009Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Econ dev in Hickman co KY

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
85 mo
of spending, in cash
Looks good: 85.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$80K
Spent
$31K
To programs
88%
Net assets
$226K

From the FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Dec 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $28K Management & general 12% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Rick Canty
Chairman
$0Pt VII · Sec A
Daniel Kimbell
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Kory Naranjo
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hickman County Economic Development Authority INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Hickman County Economic Development Authority INC is a community improvement nonprofit based in Mayfield, KY.

Questions for Hickman County Economic Development Authority INC

Tap to ask. Hickman County Economic Development Authority INC sees how many people are interested.

Your first name shows with your question. Hickman County Economic Development Authority INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $28K · in their own filed words · FY2022
01

The economic development authority acquired and improved six local residential properties throughout the year.

$28Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$80K
Ln 12
Investment incomeLn 3$78K
Gifts and grantsLn 1h$2K
Money outPt IX
$31K
Ln 25
Programscol B$28K
Managementcol C$4K
Owns and owesPt X
$226K
net assets · Ln 32
Cash and savingsLn 1–2$223K
Total assetsLn 16$226K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Government grantsLn 1e$2K
Investment incomeLn 3$78K
Gains on assetsLn 7$76K
Total revenueLn 12$80K
Assets in detailPt X, end of year
CashLn 1$223K
Cash and savings togetherLn 1–2$223K
Total assetsLn 16$226K
LiabilitiesLn 26$0
Net assetsLn 32$226K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$89K$223K
Total assetsLn 16$177K$226K
LiabilitiesLn 26$0$0
Net assetsLn 32$177K$226K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Office expensesLn 13$35$35
OccupancyLn 16$2K$2K
Depreciation, depletion and amortizationLn 22$228$228
InsuranceLn 23$707$707
Other expenses (24a–d)Ln 24$24K$24K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$31K$28K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $80K$31K$49K$226K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $79,976 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $23,340$1,950
I-9 Program service revenue$0
I-10 Investment incomePrior year $490$78,026
I-11 Other revenue$0
I-12 Total revenuePrior year $23,830$79,976
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$31,335
I-18 Total expenses$31,335
I-19 Revenue less expensesPrior year $23,830$48,641
Part VI · Governance 6 of 6 board members independent, 5 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $79,976 across 5 lines filed
VIII-1e Government grants$1,950
VIII-1h Total contributions, gifts and grants$1,950
VIII-3 Investment incomeRelated to mission $2,449$2,449
VIII-7 Net gain or loss on sales of assetsRelated to mission $75,577$75,577
VIII-12 Total revenueRelated to mission $78,026 · Unrelated business $0 · Excluded from tax $0$79,976
Part IX · Statement of functional expenses $31,335 across 7 lines filed
IX-11c Accounting feesManagement $1,175$1,175
IX-13 Office expensesManagement $35$35
IX-16 OccupancyManagement $1,803$1,803
IX-22 Depreciation, depletion and amortizationPrograms $228$228
IX-23 InsuranceManagement $707$707
IX-24 Other expenses (24a–d)Programs $24,483$24,483
IX-24e All other expensesPrograms $2,904$2,904
IX-25 Total functional expensesPrograms $27,615 · Management $3,720 · Fundraising $0$31,335
Part X · Balance sheet $225,826 assets, 6 lines filed
Asset lines not itemized here account for $2,735; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $89,298$222,591
X-14 Intangible assetsStart of year $2,500$500
X-16 Total assetsStart of year $177,185$225,826
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $177,185$225,826
X-33 Total liabilities and net assetsStart of year $177,185$225,826
Part XI · Reconciliation of net assets $225,826 net assets at year end
XI-1 Total revenue$79,976
XI-2 Total expenses$31,335
XI-3 Revenue less expenses$48,641
XI-4 Net assets at start of year$177,185
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$225,826

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.