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
12 people listed on the 990; $217K paid to officers and key staff (Part VII, Section 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
Your first name shows with your question. G P E D C INC answers here, for everyone.
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, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 61-1181577) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $645K | $655K |
| Land, buildings, equipmentLn 10c | $46K | $19K |
| Total assetsLn 16 | $6.3M | $6.2M |
| LiabilitiesLn 26 | $3.6M | $3.3M |
| Net assetsLn 32 | $2.7M | $2.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $217K | |||
| Pay of disqualified personsLn 6 | $91K | |||
| Other employee benefitsLn 9 | $46K | |||
| Payroll taxesLn 10 | $20K | |||
| Legal feesLn 11b | $340 | |||
| Office expensesLn 13 | $18K | |||
| OccupancyLn 16 | $113K | |||
| TravelLn 17 | $25K | |||
| InterestLn 20 | $40K | |||
| Depreciation, depletion and amortizationLn 22 | $27K | |||
| InsuranceLn 23 | $9K | |||
| Other expenses (24a–d)Ln 24 | $135K | |||
| Total functional expensesLn 25 | $741K |
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 |
| FY2022 ViewingFiled 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 |
| FY2020Filed with the IRS May 10, 2021 | $969K | $916K | $53K | $3.6M | 990 PDF |
Schedules filed Part IV
See the full FY2022 990
Part I · Summary $1,028,258 revenue, 12 lines filed
Part VI · Governance 11 of 12 board members independent, 4 to look at
Part VIII · Statement of revenue $1,028,258 across 4 lines filed
Part IX · Statement of functional expenses $741,446 across 12 lines filed
Part X · Balance sheet $6,224,910 assets, 13 lines filed
Part XI · Reconciliation of net assets $2,940,635 net assets at year end
Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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