Union County Industrial Development Authority INC FY2020 filing

Not tax-deductible

Morganfield, KY501(c)(6)Since 2007Community Development EIN 45-3807481Revenue $51K in FY2020Latest return filed May 13, 2026

On file with the IRSucfirst.orgMorganfield, KYTax-exempt since Apr 2013

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To aid in the acquisition, retention, and Development of land for Industrial and commercial purposes in kentucky, to aid in the Development and promotion of Industrial sites, parks and subdivisions for accomodating Industrial and commercial needs; to promote and stimulate the acquisition, retention and Development of land for Industrial and commercial and commercial purposes in kentucky by other local Development organizations both public and private.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-3807481) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average deficit $40K a year · 79% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
89% of spending went to programs.
Pt IX · Ln 25 · col B
448.4 mo
of spending, in cash
448.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$51K
Spent
$93K
To programs
89%
Net assets
$6.3M
By yearFY2020–FY2025
Revenue
$51K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$51K
FY2021$52K
FY2022$52K
FY2023$41K
FY2024$45K
FY2025$64K
Expenses
$93K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$93K
FY2021$35K
FY2022$384K
FY2023$6K
FY2024$8K
FY2025$19K
Net assets
$6.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.3M
FY2021$6.3M
FY2022$6.0M
FY2023$6.0M
FY2024$6.1M
FY2025$6.1M

From the FY2020 Form 990 (year ending June 2020) · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2010-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Apr 2013.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $82K Management & general 11% · $11K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Sec/Treasure
$0Pt VII · Sec A
Vice-Chairma
$0Pt VII · Sec A
See Union County Industrial Development Authority INC executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops and promotes land for industrial and commercial use in Kentucky.

Questions for Union County Industrial Development Authority INC

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1 program · $82K · in their own filed words · FY2019
01

Provide financing to industries and businesses for development of real property in kentucky or expansion of plant facilities for new and expanding industries or commercial businesses in kentucky.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-3807481) · Dispute this line
$82Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$51K
Ln 12
Fees for servicesLn 2g$48K
Investment incomeLn 3$2K
Money outPt IX
$93K
Ln 25
Programscol B$82K
Managementcol C$11K
Owns and owesPt X
$6.3M
net assets · Ln 32
Cash and savingsLn 1–2$3.5M
Total assetsLn 16$6.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$48K
Investment incomeLn 3$2K
Total revenueLn 12$51K
Assets in detailPt X, end of year
CashLn 1$3.5M
Cash and savings togetherLn 1–2$3.5M
Notes and loans receivableLn 7$2.2M
Land, buildings, equipmentLn 10c$656K
Total assetsLn 16$6.3M
LiabilitiesLn 26$0
Net assetsLn 32$6.3M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.4M$3.5M
Land, buildings, equipmentLn 10c$670K$656K
Total assetsLn 16$6.3M$6.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$6.3M$6.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$13$13
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$30K$30K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$458$458
OccupancyLn 16$19K$19K
Depreciation, depletion and amortizationLn 22$15K$15K
Other expenses (24a–d)Ln 24$19K$19K
Total functional expensesLn 25$93K$82K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 13, 2026 $64K$19K$45K$6.1M 990 PDF
FY2024Filed with the IRS Feb 12, 2025 $45K$8K$37K$6.1M 990 PDF
FY2023Filed with the IRS May 15, 2024 $41K$6K$35K$6.0M 990 PDF
FY2022Filed with the IRS May 15, 2023 $52K$384K−$332K$6.0M 990 PDF
FY2021Filed with the IRS May 16, 2022 $52K$35K$17K$6.3M 990 PDF
FY2020 ViewingFiled with the IRS May 17, 2021 $51K$93K−$42K$6.3M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $50,605 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $126,662$48,118
I-10 Investment incomePrior year −$1,385,109$2,487
I-11 Other revenuePrior year $2,395$0
I-12 Total revenuePrior year −$1,256,052$50,605
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 expensesPrior year $117,415$92,973
I-18 Total expensesPrior year $117,415$92,973
I-19 Revenue less expensesPrior year −$1,373,467−$42,368
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $50,605 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $48,118$48,118
VIII-3 Investment incomeRelated to mission $2,487$2,487
VIII-12 Total revenueRelated to mission $50,605$50,605
Part IX · Statement of functional expenses $92,973 across 8 lines filed
IX-11b Legal feesManagement $13$13
IX-11c Accounting feesManagement $5,950$5,950
IX-11g Other fees for servicesPrograms $30,310$30,310
IX-12 Advertising and promotionManagement $4,226$4,226
IX-13 Office expensesManagement $458$458
IX-16 OccupancyPrograms $18,511$18,511
IX-22 Depreciation, depletion and amortizationPrograms $14,684$14,684
IX-24 Other expenses (24a–d)Programs $18,821$18,821
IX-25 Total functional expensesPrograms $82,326 · Management $10,647 · Fundraising $0$92,973
Part X · Balance sheet $6,306,173 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $3,401,818$3,474,134
X-7 Notes and loans receivableStart of year $2,276,470$2,176,470
X-10c Land, buildings and equipment, netStart of year $670,253$655,569
X-16 Total assetsStart of year $6,348,541$6,306,173
X-26 Total liabilitiesStart of year $0$0
X-31 Retained earnings or endowmentStart of year $6,348,541$6,306,173
X-32 Total net assets or fund balancesStart of year $6,348,541$6,306,173
X-33 Total liabilities and net assetsStart of year $6,348,541$6,306,173
Part XI · Reconciliation of net assets $6,306,173 net assets at year end
XI-1 Total revenue$50,605
XI-2 Total expenses$92,973
XI-3 Revenue less expenses−$42,368
XI-4 Net assets at start of year$6,348,541
XI-10 Net assets at end of year$6,306,173

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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