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

G P E D C INC FY2020 filing

Not tax-deductible

Paducah, KY501(c)(6)Since 1990Mutual / membership EIN 61-1181577Revenue $969K in FY2020Latest return filed Jul 8, 2026

On file with the IRSgpedc.comPaducah, KYTax-exempt since Feb 1992

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $100 a year.

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

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$149K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

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 5
filings with a surplus
Average surplus $264K a year · 20% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$149K
to officers and key staff · 16% of spending
Pay to officers and key staff is 16% of spending.
Part VII, Section A
Cash reserves
8.3 mo
of spending, in cash
8.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$6.1M
63% of total assets
Liabilities are 63% of assets.
Pt X · Ln 26
Independent board members
11
of 12 voting members
11 of 12 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$969K
Spent
$916K
Net assets
$3.6M
By yearFY2020–FY2025
Revenue
$969K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$969K
FY2021$988K
FY2022$1.0M
FY2023$2.7M
FY2025$1.0M
Expenses
$916K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$916K
FY2021$1.9M
FY2022$741K
FY2023$973K
FY2025$823K
Net assets
$3.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.6M
FY2021$2.7M
FY2022$2.9M
FY2023$4.7M
FY2025$1.0M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Visit site Follow Claim
You’re viewing the FY2020 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 Feb 1992.

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

Who runs it and what they're paid

13 people listed on the 990; $149K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Bruce Wilcox
President and CEO
$148,771Pt VII · Sec A
Greg Grissom
Director
$0Pt VII · Sec A
Nora Rikel
Asst Secretary
$0Pt VII · Sec A
Mardie Herndon
Past Chair
$0Pt VII · Sec A
Cory Hicks
Director
$0Pt VII · Sec A
Jp Kelly
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chris Roty
Director
$0Pt VII · Sec A

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

NameFY2022FY2021FY2020
Bruce Wilcox$217,085$200,942$148,771

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 G P E D C 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 markets industrial properties to create jobs and investment in the Paducah area.

Questions for G P E D C INC

Tap to ask. G P E D C INC sees how many people are interested.

Your first name shows with your question. G P E D C INC answers here, for everyone.

1 program · in their own filed words · FY2019
01

Promote economic growth and development in the paducah, ky area by developing and marketing real and personal property for this purpose

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 61-1181577) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Baptist Healthcare System INCFY2024$20K
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$969K
Ln 12
Gifts and grantsLn 1h$969K
Money outPt IX
$916K
Ln 25
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$633K
Total assetsLn 16$9.7M
LiabilitiesLn 26$6.1M
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$969K
Total revenueLn 12$969K
Assets in detailPt X, end of year
CashLn 1$633K
Cash and savings togetherLn 1–2$633K
Accounts receivableLn 4$71K
Prepaid expenses and deferred chargesLn 9$18K
Land, buildings, equipmentLn 10c$71K
Other assetsLn 15$8.9M
Total assetsLn 16$9.7M
LiabilitiesLn 26$6.1M
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$696K$633K
Land, buildings, equipmentLn 10c$114K$71K
Total assetsLn 16$10.0M$9.7M
LiabilitiesLn 26$6.5M$6.1M
Net assetsLn 32$3.5M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$149K
Other salaries and wagesLn 7$156K
Other employee benefitsLn 9$44K
Legal feesLn 11b$19K
Other fees for servicesLn 11g$78K
Office expensesLn 13$21K
OccupancyLn 16$190K
InterestLn 20$104K
Depreciation, depletion and amortizationLn 22$42K
Other expenses (24a–d)Ln 24$113K
Total functional expensesLn 25$916K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 8, 2026 $1.0M$823K$179K$1.0M 990 PDF
FY2024 Not on file
FY2023Filed with the IRS May 14, 2024 $2.7M$973K$1.7M$4.7M 990 PDF
FY2022Filed with the IRS May 15, 2023 $1.0M$741K$287K$2.9M 990 PDF
FY2021Filed with the IRS May 16, 2022 $988K$1.9M−$921K$2.7M 990 PDF
FY2020 ViewingFiled with the IRS May 10, 2021 $969K$916K$53K$3.6M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $969,168 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,458,303$969,168
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,458,303$969,168
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $338,771$349,234
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $532,877$566,471
I-18 Total expensesPrior year $871,648$915,705
I-19 Revenue less expensesPrior year $586,655$53,463
Part VI · Governance 11 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $969,168 across 3 lines filed
VIII-1f All other contributions, gifts and grants$969,168
VIII-1h Total contributions, gifts and grants$969,168
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$969,168
Part IX · Statement of functional expenses $915,705 across 10 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)$148,946
IX-7 Other salaries and wages$156,385
IX-9 Other employee benefits$43,903
IX-11b Legal fees$18,933
IX-11g Other fees for services$77,771
IX-13 Office expenses$21,429
IX-16 Occupancy$189,847
IX-20 Interest$103,992
IX-22 Depreciation, depletion and amortization$41,630
IX-24 Other expenses (24a–d)$112,869
IX-25 Total functional expenses$915,705
Part X · Balance sheet $9,689,111 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $695,765$633,319
X-4 Accounts receivableStart of year $111,354$71,057
X-9 Prepaid expenses and deferred chargesStart of year $15,320$17,629
X-10c Land, buildings and equipment, netStart of year $113,747$71,096
X-15 Other assetsStart of year $9,062,134$8,896,010
X-16 Total assetsStart of year $9,998,320$9,689,111
X-17 Accounts payable and accrued expensesStart of year $23,091$43,693
X-19 Deferred revenueStart of year $5,250$5,400
X-23 Secured mortgages and notes payableStart of year $6,448,427$6,065,003
X-26 Total liabilitiesStart of year $6,476,768$6,114,096
X-27 Net assets without donor restrictionsStart of year $3,521,552$3,575,015
X-32 Total net assets or fund balancesStart of year $3,521,552$3,575,015
X-33 Total liabilities and net assetsStart of year $9,998,320$9,689,111
Part XI · Reconciliation of net assets $3,575,015 net assets at year end
XI-1 Total revenue$969,168
XI-2 Total expenses$915,705
XI-3 Revenue less expenses$53,463
XI-4 Net assets at start of year$3,521,552
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,575,015

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

Similar organizations you could support · Compare with another nonprofit

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

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. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home 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, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.