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Crittenden County Economic Development Corp FY2021 filing

Not tax-deductible

Marion, KY501(c)(6)Community Development EIN 61-1292104Revenue $7K in FY2021Latest return filed Jan 26, 2026

On file with the IRSthinkrural.comMarion, KYTax-exempt since Apr 2016

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To provide new job growth, expand existing employment opportunities and enhance workforce education and skills.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
1 of 4
filings with a surplus
Average deficit $34K a year · 62% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$181K
54% of total assets
Fine: liabilities are 54% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7K
-87% vs prior year
Spent
$151K
To programs
0%
Net assets
$153K
By yearFY2020–FY2025
Revenue
$7K
FY2021▼ -87%
Tap a bar for its year
Revenue by fiscal year
FY2020$59K
FY2021$7K
FY2022$45K
FY2025$112K
Expenses
$151K
FY2021▲ +73%
Tap a bar for its year
Expenses by fiscal year
FY2020$87K
FY2021$151K
FY2022$56K
FY2025$66K
Net assets
$153K
FY2021▼ -48%
Tap a bar for its year
Net assets by fiscal year
FY2020$295K
FY2021$153K
FY2022$141K
FY2025$214K

From the FY2021 Form 990 (year ending June 2021) · 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. Exemption reinstated (2014-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Apr 2016.

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Shawn Bright
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Jared Byford
Ex-Officio D
$0Pt VII · Sec A
Timothy Capps
Vice Chairma
$0Pt VII · Sec A
Vince Clark
Ex-Officio D
$0Pt VII · Sec A
Chris Cook
Chairman
$0Pt VII · Sec A
Mike Davenport
Ex-Officio D
$0Pt VII · Sec A
$0Pt VII · Sec A
See Crittenden County Economic Development Corp 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

Creates jobs, expands employment, and improves workforce education and skills.

Questions for Crittenden County Economic Development Corp

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1 program · in their own filed words · FY2020
01

To provide for new job growth, expand existing employment opportunities and enhance workforce educaton and skills.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $80K · 2020–2020
Commonwealth of KentuckyFY2020$80,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$7K
Ln 12
Gifts and grantsLn 1h$48K
Fees for servicesLn 2g$2K
Money outPt IX
$151K
Ln 25
Owns and owesPt X
$153K
net assets · Ln 32
Cash and savingsLn 1–2$10K
Total assetsLn 16$334K
LiabilitiesLn 26$181K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48K
Fees for servicesLn 2g$2K
Gains on assetsLn 7−$43K
Total revenueLn 12$7K
Assets in detailPt X, end of year
CashLn 1$10K
Cash and savings togetherLn 1–2$10K
Land, buildings, equipmentLn 10c$324K
Total assetsLn 16$334K
LiabilitiesLn 26$181K
Net assetsLn 32$153K
OperationsPt I, VI
EmployeesI 51
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 FY21End FY21
Cash and savingsLn 1–2$12K$10K
Land, buildings, equipmentLn 10c$484K$324K
Total assetsLn 16$496K$334K
LiabilitiesLn 26$200K$181K
Net assetsLn 32$295K$153K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$92K
Other salaries and wagesLn 7$5K
Payroll taxesLn 10$521
Accounting feesLn 11c$1K
Office expensesLn 13$2K
OccupancyLn 16$11K
InterestLn 20$4K
Depreciation, depletion and amortizationLn 22$17K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$16K
Total functional expensesLn 25$151K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jan 26, 2026 $112K$66K$46K$214K 990 PDF
FY2024 Not on file
FY2023 Not on file
FY2022Filed with the IRS Nov 2, 2022 $45K$56K−$11K$141K 990 PDF
FY2021 ViewingFiled with the IRS Nov 5, 2021 $7K$151K−$144K$153K 990 PDF
FY2020Filed with the IRS Apr 23, 2021 $59K$87K−$29K$295K 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 $7,453 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $52,747$48,050
I-9 Program service revenuePrior year $2,534$2,500
I-10 Investment incomePrior year $37−$43,347
I-11 Other revenuePrior year $3,469$250
I-12 Total revenuePrior year $58,787$7,453
I-13 Grants and similar amounts paid$91,801
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $9,855$5,516
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $77,537$53,870
I-18 Total expensesPrior year $87,392$151,187
I-19 Revenue less expensesPrior year −$28,605−$143,734
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $7,453 across 6 lines filed
VIII-1b Membership dues$48,050
VIII-1h Total contributions, gifts and grants$48,050
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,500$2,500
VIII-6 Net rental income or lossExcluded from tax $250$250
VIII-7 Net gain or loss on sales of assetsRelated to mission −$43,347−$43,347
VIII-12 Total revenueRelated to mission −$40,847 · Excluded from tax $250$7,453
Part IX · Statement of functional expenses $151,187 across 10 lines filed
IX-1 Grants to domestic organizations$91,801
IX-7 Other salaries and wages$4,995
IX-10 Payroll taxes$521
IX-11c Accounting fees$1,330
IX-13 Office expenses$1,939
IX-16 Occupancy$10,527
IX-20 Interest$4,286
IX-22 Depreciation, depletion and amortization$16,753
IX-23 Insurance$3,285
IX-24 Other expenses (24a–d)$15,750
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$151,187
Part X · Balance sheet $333,911 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $12,134$10,403
X-10c Land, buildings and equipment, netStart of year $483,593$323,508
X-16 Total assetsStart of year $495,727$333,911
X-23 Secured mortgages and notes payableStart of year $200,007$180,750
X-25 Other liabilitiesStart of year $329$418
X-26 Total liabilitiesStart of year $200,336$181,168
X-27 Net assets without donor restrictionsStart of year $295,391$152,743
X-32 Total net assets or fund balancesStart of year $295,391$152,743
X-33 Total liabilities and net assetsStart of year $495,727$333,911
Part XI · Reconciliation of net assets $152,743 net assets at year end
XI-1 Total revenue$7,453
XI-2 Total expenses$151,187
XI-3 Revenue less expenses−$143,734
XI-4 Net assets at start of year$295,391
XI-9 Other changes in net assets$1,086
XI-10 Net assets at end of year$152,743

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

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