Nonprofits›The Center For Kentucky Rural Economic Development Inc
Community Improvement & Capacity Building
The Center For Kentucky Rural Economic Development Inc
SOMERSET, KY
Total revenue
$9.9M
Total expenses
$10.6M
Net assets
$49.9M
Grants received
—
EIN
611291304
Tax year
2024
Mission
To provide economic development to southeastern kentucky.
Financials
FY 2024
Revenue
Contributions & grants$7.1M
Program service revenue$1.0M
Investment income$87K
Other revenue$1.7M
Total revenue$9.9M
Expenses
Grants paid—
Salaries & benefits$2.7M
Fundraising—
Other expenses$7.9M
Total expenses$10.6M
Total assets$60.9M
Net assets$49.9M
People
14 listed
NameRoleCompensation
BOB MITCHELL
TREASURER
Board
—
2 hrs/wk
DR REED ADKINS
BOARD MEMBER
Board
—
2 hrs/wk
DR JAY MORGAN
BOARD MEMBER
Board
—
2 hrs/wk
JC EGNEW
BOARD MEMBER
Board
—
2 hrs/wk
MARK HANEY
CHAIRMAN
Board
—
2 hrs/wk
JEAN M DORTON
BOARD MEMBER
Board
—
2 hrs/wk
TIM ROBINSON
BOARD MEMBER
Board
—
2 hrs/wk
DR ALLISON CHERRY
BOARD MEMBER
Board
—
2 hrs/wk
DR LAURA STEPHENSON
BOARD MEMBER
Board
—
2 hrs/wk
JERRY A RICKETT
VICE CHAIR
Board
—
2 hrs/wk
SAM BROWN
SECRETARY
Board
—
2 hrs/wk
LONNIE LAWSON
PRES. CEO
Staff
$174K
50 hrs/wk
RICHARD TAYLOR
EXECUTIVE VP
Staff
$155K
50 hrs/wk
ZACHARY AUSMUS
BROADBAND MA
Staff
$125K
50 hrs/wk
Details
EIN611291304
NTEE codeS30
Subsection03
Ruling date1996-03
Formed1995
Employees42
Volunteers10