NonprofitsSoutheast Kentucky Economic Development Corporation Inc

Community Improvement

Southeast Kentucky Economic Development Corporation Inc

SOMERSET, KY

Total revenue

$3.4M

Total expenses

$2.4M

Net assets

$25.9M

Grants received

$420K

2 grants

EIN

611097619

Tax year

2024

Mission

To facilitate the economic growth and development of the southern kentucky region.

Programs

1 program

Administers loan programs to qualified businesses for new and expanding

Financials

FY 2024

Revenue

Contributions & grants$1.5M
Program service revenue$1.5M
Investment income$360K
Other revenue$119K
Total revenue$3.4M

Expenses

Grants paid
Salaries & benefits$1.1M
Fundraising
Other expenses$1.3M
Total expenses$2.4M
Total assets$32.6M
Net assets$25.9M

People

14 listed

NameRoleCompensation

DAVID BLAKEMAN

SECRETARY

Board

2 hrs/wk

BRUCE CARPENTER

TREASURER

Board

2 hrs/wk

COREY CRAIG

DIRECTOR

Board

2 hrs/wk

CHARLENE HARRIS

DIRECTOR

Board

2 hrs/wk

JENNIFER LINDON

DIRECTOR

Board

2 hrs/wk

DARRYL MCGAHA

PRESIDENT

Board

2 hrs/wk

KEITH GABBARD

DIRECTOR

Board

2 hrs/wk

STEVE ALLEN

DIRECTOR

Board

2 hrs/wk

BRITTANY COX

DIRECTOR

Board

2 hrs/wk

AMANDA CLARK

DIRECTOR

Board

2 hrs/wk

COLBY KIRK

DIRECTOR

Board

2 hrs/wk

TIM BARNES

VICE PRESIDE

Board

2 hrs/wk

BRETT TRAVER

EXECUTIVE DI

Staff

$183K

40 hrs/wk

BOB BURGESS

DIRECTOR OF

Staff

$141K

40 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
$300K
1 grant(s) for varying purposes
2023
$120K
EMERGENCY BUSINESS ASSISTANCE GRANT
2020

Funded by

$420K from 2 funders · 2 grants · 2020–2023

The Winston-Salem Foundation

$300K · 1 grant · 2023

Appalachian Community Capital

$120K · 1 grant · 2020

Details

EIN611097619
NTEE codeS32Z
Subsection03
Ruling date1986-09
Formed1986
Employees11
SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC — Mission, Financials & Grants Received | Grantivo