G P E D C INC: FY2021 Nonprofit Profile & Form 990 (EIN 61-1181577)

Revenue by fiscal year
FY2020	$969K
FY2021	$988K
FY2022	$1.0M
FY2023	$2.7M
FY2025	$1.0M

Expenses by fiscal year
FY2020	$916K
FY2021	$1.9M
FY2022	$741K
FY2023	$973K
FY2025	$823K

Net assets by fiscal year
FY2020	$3.6M
FY2021	$2.7M
FY2022	$2.9M
FY2023	$4.7M
FY2025	$1.0M

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; $201K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation

Bruce Wilcox

President and CEO

$200,942Pt 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

Brandi Harless

Director

$0Pt VII · Sec A

Chris Roty

Director

$0Pt VII · Sec A

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

Name	FY2022	FY2021	FY2020
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

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1 program · in their own filed words · FY2020

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, FY2020. 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 FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$988K

Ln 12

Gifts and grantsLn 1h$988K

Money outPt IX

$1.9M

Ln 25

Owns and owesPt X

$2.7M

net assets · Ln 32

Cash and savingsLn 1–2$645K

Total assetsLn 16$6.3M

LiabilitiesLn 26$3.6M

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$988K

Total revenueLn 12$988K

Assets in detailPt X, end of year

CashLn 1$645K

Cash and savings togetherLn 1–2$645K

Accounts receivableLn 4$127K

Prepaid expenses and deferred chargesLn 9$12K

Land, buildings, equipmentLn 10c$46K

Other assetsLn 15$5.4M

Total assetsLn 16$6.3M

LiabilitiesLn 26$3.6M

Net assetsLn 32$2.7M

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$633K	$645K
Land, buildings, equipmentLn 10c	$71K	$46K
Total assetsLn 16	$9.7M	$6.3M
LiabilitiesLn 26	$6.1M	$3.6M
Net assetsLn 32	$3.6M	$2.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of officers and key staff (Part IX, line 5)Ln 5	$201K
Other salaries and wagesLn 7	$172K
Other employee benefitsLn 9	$48K
Legal feesLn 11b	$634
Office expensesLn 13	$17K
OccupancyLn 16	$107K
TravelLn 17	$6K
InterestLn 20	$81K
Depreciation, depletion and amortizationLn 22	$40K
InsuranceLn 23	$10K
Other expenses (24a–d)Ln 24	$1.2M
Total functional expensesLn 25	$1.9M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
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
FY2021 ViewingFiled with the IRS May 16, 2022	$988K	$1.9M	−$921K	$2.7M	990 PDF
FY2020Filed with the IRS May 10, 2021	$969K	$916K	$53K	$3.6M	990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations

See the full FY2021 990

Part I · Summary $988,290 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $969,168$988,290

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 $969,168$988,290

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 $349,234$420,065

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $566,471$1,489,417

I-18 Total expensesPrior year $915,705$1,909,482

I-19 Revenue less expensesPrior year $53,463−$921,192

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 $988,290 across 3 lines filed

VIII-1f All other contributions, gifts and grants$988,290

VIII-1h Total contributions, gifts and grants$988,290

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$988,290

Part IX · Statement of functional expenses $1,909,482 across 11 lines filed

IX-5 Pay of officers and key staff (Part IX, line 5)$200,942

IX-7 Other salaries and wages$171,553

IX-9 Other employee benefits$47,570

IX-11b Legal fees$634

IX-13 Office expenses$17,398

IX-16 Occupancy$106,782

IX-17 Travel$6,225

IX-20 Interest$81,101

IX-22 Depreciation, depletion and amortization$39,674

IX-23 Insurance$10,167

IX-24 Other expenses (24a–d)$1,227,436

IX-25 Total functional expenses$1,909,482

Part X · Balance sheet $6,251,623 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $633,319$645,476

X-4 Accounts receivableStart of year $71,057$127,002

X-9 Prepaid expenses and deferred chargesStart of year $17,629$12,197

X-10c Land, buildings and equipment, netStart of year $71,096$46,073

X-15 Other assetsStart of year $8,896,010$5,420,875

X-16 Total assetsStart of year $9,689,111$6,251,623

X-17 Accounts payable and accrued expensesStart of year $43,693$24,546

X-19 Deferred revenueStart of year $5,400$5,250

X-23 Secured mortgages and notes payableStart of year $6,065,003$3,568,004

X-26 Total liabilitiesStart of year $6,114,096$3,597,800

X-27 Net assets without donor restrictionsStart of year $3,575,015$2,653,823

X-32 Total net assets or fund balancesStart of year $3,575,015$2,653,823

X-33 Total liabilities and net assetsStart of year $9,689,111$6,251,623

Part XI · Reconciliation of net assets $2,653,823 net assets at year end

XI-1 Total revenue$988,290

XI-2 Total expenses$1,909,482

XI-3 Revenue less expenses−$921,192

XI-4 Net assets at start of year$3,575,015

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$2,653,823

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

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G P E D C INC FY2021 filing

Before you give

Is it real?

Who runs it and what they're paid

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

Questions the 990 asks

Programs and updates

Questions for G P E D C INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV