Kentucky River Area Development District INC FY2021 filing

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Kradd serves as a regional forum, networking with appropriate groups to improve the quality of life for the citizens of the region. The agency provides professional assistance, leadership, and planning to regional communities.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$92K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $296K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7.8M
134% of total assets
Concern: liabilities are 134% of assets; over 80%.
Pt X · Ln 26
Independent board members
40
of 40 voting members
Looks good: 40 of 40 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.8M
+7% vs prior year
Spent
$5.2M
To programs
86%
Net assets
−$2.0M
By yearFY2020–FY2025
Revenue
$4.8M
FY2021▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.5M
FY2021$4.8M
FY2022$5.6M
FY2023$6.0M
FY2024$20.4M
FY2025$25.7M
Expenses
$5.2M
FY2021▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.9M
FY2021$5.2M
FY2022$5.4M
FY2023$6.3M
FY2024$19.9M
FY2025$23.6M
Net assets
−$2.0M
FY2021▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.7M
FY2021−$2.0M
FY2022−$1.8M
FY2023−$2.0M
FY2024−$1.5M
FY2025$500K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1989.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $4.4M Management & general 14% · $735K

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

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Who runs it and what they're paid

41 people listed on the 990; $92K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$92,342Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Parliamentarian
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michelle Allen$102,931$101,125$96,462$91,125$92,342$86,611

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 Kentucky River Area Development District 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 15aYes

Programs and updates

Improves regional quality of life through professional assistance, leadership, and community planning.

Questions for Kentucky River Area Development District INC

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3 programs · $3.7M · in their own filed words · FY2020
01

Our aging programs provide many types of activities and services to the elderly population of the kentucky river region. Some of the services provided are homecare services, including home delivered meals, senior center activities, including congregate meals, nutrition, health education, adult day care, health insurance assistance, and…

$2.4Mprogram expense
02

Participant directed services (PDS) is a program that allows medicaid clients to have more control over their in-home services. PDS medicaid recipients can choose their own employees, home making, and personal care. It is kradd's duty to design a plan of care, make sure services are being provided, and pay medicaid recipient's employees.

$777Kprogram expense
03

Joint funding administration (jfa) is a program that funds economic development. Kradd administers various PROJECTS/GRANTS throughout the region to fund infrastructure, construction, and maintenance.

$482Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 30 grants · $2.0M · 2019–2024
Individual RecipientFY2024$71,702
Individual RecipientFY2024$64,756
Breathitt Co Senior Citizens CenterFY2024$21,775
Appalachian Research & DefenseFY2024$5,025
Individual RecipientFY2023$229,424
Individual RecipientFY2023$172,063
Breathitt Co Senior Citizens CenterFY2023$30,000
Appalachian Research & DefenseFY2023$5,025
Individual RecipientFY2022$173,354
Individual RecipientFY2022$120,102
Individual RecipientFY2022$93,701
Breathitt Co Senior Citizens CenterFY2022$36,702
Appalachian Research & DefenseFY2022$5,025
Individual RecipientFY2021$120,786
Individual RecipientFY2021$95,321
Individual RecipientFY2021$67,945
Breathitt Co Senior Citizens CenterFY2021$18,394
Appalachian Research & DefenseFY2021$5,025
See all 30 grants →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $2.2M federal money spent
Special Programs for the Aging, Title III, Part C, Nutrition ServicesDepartment of Health and Human Services · ALN 93.045 · Through State(chfs/Dail)$602K
Appalachian Area DevelopmentAppalachian Regional Commission · ALN 23.002 · Direct$290K
Special Programs for the Aging, Title III, Part B, Grants for Supportive Services and Senior CentersDepartment of Health and Human Services · ALN 93.044 · Through State(chfs/Dail)$251K
Senior Community Service Employment ProgramDepartment of Labor · ALN 17.235 · Through State(chfs/Dail)$246K
Special Programs for the Aging, Title Vii, Chapter 3, Programs for Prevention of Elder Abuse, Neglect, and ExploitationDepartment of Health and Human Services · ALN 93.041 · Through State(chfs/Dail)$153K

Plus 13 smaller programs.

The auditor reported no findings.

Year ending Jun 2024 · $3.5M federal money spent
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through State(chfs/Dail)$831K
Special Programs for the Aging, Title III, Part C, Nutrition ServicesDepartment of Health and Human Services · ALN 93.045 · Through State(chfs/Dail)$826K
Special Programs for the Aging, Title III, Part B, Grants for Supportive Services and Senior CentersDepartment of Health and Human Services · ALN 93.044 · Through State(chfs/Dail)$469K
Senior Community Service Employment ProgramDepartment of Labor · ALN 17.235 · Through State(chfs/Dail)$296K
Enhanced Mobility of Seniors and Individuals with DisabilitiesDepartment of Transportation · ALN 20.513 · Through State(department of Transportation)$252K

Plus 15 smaller programs.

The auditor reported: a material weakness in money controls.

Year ending Jun 2023 · $2.2M federal money spent
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through State(chfs/Dail)$723K
Special Programs for the Aging_title III, Part C_nutrition ServicesDepartment of Health and Human Services · ALN 93.045 · Through State(chfs/Dail)$400K
Senior Community Service Employment ProgramDepartment of Labor · ALN 17.235 · Through State(chfs/Dail)$224K
Special Programs for the Aging_title III, Part B_grants for Supportive Services and Senior CentersDepartment of Health and Human Services · ALN 93.044 · Through State(chfs/Dail)$209K
Appalachian Local Development District AssistanceAppalachian Regional Commission · ALN 23.009 · Direct$149K

Plus 11 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $1.7M federal money spent
Special Programs for the Aging_title III, Part C_nutrition ServicesDepartment of Health and Human Services · ALN 93.045 · Through State (cfhs/Dail)$385K
Senior Community Service Employment ProgramDepartment of Labor · ALN 17.235 · Through State (cfhs/Dail)$260K
Special Programs for the Aging_title III, Part B_grants for Supportive Services and Senior CentersDepartment of Health and Human Services · ALN 93.044 · Through State (cfhs/Dail)$231K
Economic Adjustment AssistanceDepartment of Commerce · ALN 11.307 · Through State (dlg)$214K
Brownfields Assessment and Cleanup Cooperative AgreementsEnvironmental Protection Agency · ALN 66.818 · Direct$159K

Plus 13 smaller programs.

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.8M
Ln 12
Gifts and grantsLn 1h$2.9M
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$3K
Money outPt IX
$5.2M
Ln 25
Programscol B$4.4M
Managementcol C$735K
Owns and owesPt X
−$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$5.9M
LiabilitiesLn 26$7.8M
PeoplePt VI, VII
41
listed · VII A
PaidVII A1
Voting boardVI 1a40
IndependentVI 1b40
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.9M
Government grantsLn 1e$2.9M
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$3K
Total revenueLn 12$4.8M
Assets in detailPt X, end of year
CashLn 1$64K
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$2.2M
Pledges and grants receivableLn 3$574K
Prepaid expenses and deferred chargesLn 9$1.3M
Land, buildings, equipmentLn 10c$1.7M
Other assetsLn 15$120K
Total assetsLn 16$5.9M
LiabilitiesLn 26$7.8M
Net assetsLn 32−$2.0M
OperationsPt I, VI
EmployeesI 5117
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.9M$2.2M
Land, buildings, equipmentLn 10c$1.9M$1.7M
Total assetsLn 16$5.7M$5.9M
LiabilitiesLn 26$7.4M$7.8M
Net assetsLn 32−$1.7M−$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$605K$605K
Pay of current officers, directors and key staffLn 5$119K$105K$14K
Other salaries and wagesLn 7$1.6M$1.4M$197K
Pension plan contributionsLn 8$572K$518K$54K
Other employee benefitsLn 9$581K$526K$55K
Payroll taxesLn 10$131K$119K$12K
Accounting feesLn 11c$23K$23K
Other fees for servicesLn 11g$92K$73K$19K
Office expensesLn 13$187K$73K$114K
Information technologyLn 14$39K$22K$18K
OccupancyLn 16$77K$35K$42K
TravelLn 17$42K$35K$7K
InterestLn 20$43K$43K
Depreciation, depletion and amortizationLn 22$105K$105K
InsuranceLn 23$43K$43K
Other expenses (24a–d)Ln 24$829K$829K
All other expensesLn 24e$104K$73K$32K
Total functional expensesLn 25$5.2M$4.4M$735K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Dec 17, 2025 $25.7M$23.6M$2.0M$500K 990 PDF
FY2024Filed with the IRS May 14, 2025 $20.4M$19.9M$577K−$1.5M 990 PDF
FY2023Filed with the IRS Apr 23, 2024 $6.0M$6.3M−$288K−$2.0M 990 PDF
FY2022Filed with the IRS May 15, 2023 $5.6M$5.4M$154K−$1.8M 990 PDF
FY2021 ViewingFiled with the IRS May 9, 2022 $4.8M$5.2M−$322K−$2.0M 990 PDF
FY2020Filed with the IRS Feb 13, 2021 $4.5M$4.9M−$388K−$1.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $4,838,342 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,499,223$2,900,264
I-9 Program service revenuePrior year $2,012,774$1,934,774
I-10 Investment incomePrior year $4,240$3,304
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,516,237$4,838,342
I-13 Grants and similar amounts paidPrior year $921,934$605,225
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,914,704$2,971,080
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,068,040$1,584,374
I-18 Total expensesPrior year $4,904,678$5,160,679
I-19 Revenue less expensesPrior year −$388,441−$322,337
Part VI · Governance 40 of 40 board members independent, no flags
VI-1a Voting members of the governing body40
VI-1b Independent voting members40
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,838,342 across 5 lines filed
VIII-1e Government grants$2,900,264
VIII-1h Total contributions, gifts and grants$2,900,264
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,934,774$1,934,774
VIII-3 Investment incomeExcluded from tax $3,304$3,304
VIII-12 Total revenueRelated to mission $1,934,774 · Unrelated business $0 · Excluded from tax $3,304$4,838,342
Part IX · Statement of functional expenses $5,160,679 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $605,225$605,225
IX-5 Pay of current officers, directors and key staffPrograms $104,874 · Management $13,927$118,801
IX-7 Other salaries and wagesPrograms $1,371,397 · Management $196,502$1,567,899
IX-8 Pension plan contributionsPrograms $518,034 · Management $54,052$572,086
IX-9 Other employee benefitsPrograms $526,016 · Management $54,885$580,901
IX-10 Payroll taxesPrograms $118,979 · Management $12,414$131,393
IX-11c Accounting feesManagement $23,000$23,000
IX-11g Other fees for servicesPrograms $72,723 · Management $19,229$91,952
IX-13 Office expensesPrograms $72,598 · Management $114,340$186,938
IX-14 Information technologyPrograms $21,727 · Management $17,668$39,395
IX-16 OccupancyPrograms $34,865 · Management $42,417$77,282
IX-17 TravelPrograms $34,614 · Management $7,282$41,896
IX-20 InterestPrograms $43,139$43,139
IX-22 Depreciation, depletion and amortizationManagement $104,834$104,834
IX-23 InsuranceManagement $42,542$42,542
IX-24 Other expenses (24a–d)Programs $829,129$829,129
IX-24e All other expensesPrograms $72,508 · Management $31,759$104,267
IX-25 Total functional expensesPrograms $4,425,828 · Management $734,851 · Fundraising $0$5,160,679
Part X · Balance sheet $5,857,667 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $64,352$64,340
X-2 Savings and temporary cash investmentsStart of year $1,801,503$2,176,947
X-3 Pledges and grants receivableStart of year $652,936$574,363
X-9 Prepaid expenses and deferred chargesStart of year $1,161,288$1,268,049
X-10c Land, buildings and equipment, netStart of year $1,922,279$1,653,971
X-15 Other assetsStart of year $119,997$119,997
X-16 Total assetsStart of year $5,722,355$5,857,667
X-17 Accounts payable and accrued expensesStart of year $305,434$328,648
X-19 Deferred revenueStart of year $96,507$90,367
X-23 Secured mortgages and notes payableStart of year $1,436,792$1,416,651
X-25 Other liabilitiesStart of year $5,551,816$6,001,281
X-26 Total liabilitiesStart of year $7,390,549$7,836,947
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year −$1,668,194−$1,979,280
X-32 Total net assets or fund balancesStart of year −$1,668,194−$1,979,280
X-33 Total liabilities and net assetsStart of year $5,722,355$5,857,667
Part XI · Reconciliation of net assets −$1,979,280 net assets at year end
XI-1 Total revenue$4,838,342
XI-2 Total expenses$5,160,679
XI-3 Revenue less expenses−$322,337
XI-4 Net assets at start of year−$1,668,194
XI-8 Prior period adjustments$11,251
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,979,280

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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