Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1996.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
66 cents of each dollar spent went to programs.
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
13 people listed on the 990; $37K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2021 |
|---|---|---|---|
| Tommy Adkins | $36,770 | $34,529 | $30,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Lincoln Economic 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
Offers loans and economic development help to Lincoln County residents.
Questions for Lincoln Economic Development Authority INC
Your first name shows with your question. Lincoln Economic Development Authority INC answers here, for everyone.
The organizations purpose is to aid the citizens of Lincoln County West Virginia in developing economic opportunities. The county poverty rate and lack of opportunity creates a generational dependence on assistance. Breaking the cycle of poverty and dependence on government sources will take a concerted effort within the county.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $183K | $279K |
| Land, buildings, equipmentLn 10c | $478K | $580K |
| Total assetsLn 16 | $672K | $885K |
| LiabilitiesLn 26 | $76K | $207K |
| Net assetsLn 32 | $596K | $678K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $34K | $31K | $2K | $2K |
| Other salaries and wagesLn 7 | $32K | $13K | $17K | $2K |
| Pension plan contributionsLn 8 | $3K | $2K | $931 | $133 |
| Payroll taxesLn 10 | $5K | $3K | $2K | $266 |
| Legal feesLn 11b | $500 | $500 | $0 | $0 |
| Accounting feesLn 11c | $736 | $552 | $184 | $0 |
| Advertising and promotionLn 12 | $992 | $992 | $0 | $0 |
| Office expensesLn 13 | $7K | $5K | $1K | $341 |
| Information technologyLn 14 | $1K | $899 | $240 | $60 |
| OccupancyLn 16 | $8K | $6K | $2K | $387 |
| TravelLn 17 | $1K | $1K | $286 | $71 |
| InterestLn 20 | $534 | $0 | $534 | $0 |
| Depreciation, depletion and amortizationLn 22 | $2K | $0 | $2K | $0 |
| InsuranceLn 23 | $3K | $2K | $630 | $157 |
| Other expenses (24a–d)Ln 24 | $2K | $1K | $540 | $18 |
| Total functional expensesLn 25 | $100K | $66K | $29K | $5K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Nov 8, 2025 | $183K | $100K | $82K | $678K | 990 PDF |
| FY2024Filed with the IRS Nov 14, 2024 | $147K | $92K | $55K | $596K | 990 PDF |
| FY2023Filed with the IRS Nov 14, 2023 | $43K | $96K | −$53K | $541K | 990 PDF |
| FY2022Filed with the IRS Nov 14, 2022 | $44K | $84K | −$40K | $594K | 990 PDF |
| FY2021Filed with the IRS Nov 13, 2021 | $35K | $80K | −$45K | $634K | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $182,673 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, 2 to look at
Part VIII · Statement of revenue $182,673 across 5 lines filed
Part IX · Statement of functional expenses $100,322 across 15 lines filed
Part X · Balance sheet $884,876 assets, 17 lines filed
Part XI · Reconciliation of net assets $678,360 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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