Nonprofit · EIN 61-1097619
SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC
Tax-exempt · SOMERSET, KY 42501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,440,740 | $2,426,653 | $1,014,087 | $32,616,890 | $6,716,135 | $25,900,755 |
| June 30, 2024 | 990 | $2,561,251 | $2,247,390 | $313,861 | $30,344,227 | $5,457,559 | $24,886,668 |
| June 30, 2023 | 990 | $2,403,223 | $1,994,387 | $408,836 | $28,639,191 | $4,066,384 | $24,572,807 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,486,885
- of which government grants
- $1,380,513
- Program service revenue
- $1,474,542
- Investment income
- $360,163
- Net rental income
- $114,701
- Other revenue
- $119,150
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $876,986
- Salaries, compensation and benefits (total)
- $1,130,101
- Professional fundraising fees
- $0
- Occupancy
- $38,389
- Depreciation
- $364,612
- Program services (functional)
- $1,906,954
- Management and general (functional)
- $519,699
Balance sheet and other
- Total assets, start of year
- $30,344,227
- Total assets, end of year
- $32,616,890
- Total liabilities, end of year
- $6,716,135
- Net assets, end of year
- $25,900,755
- Land, buildings and equipment
- $4,214,039
- Net assets without donor restrictions
- $25,900,755
- Gross receipts
- $3,440,740
- Employees
- 11
- Year formed
- 1986
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRETT TRAVER | EXECUTIVE DI Highest-paid employee | 40 | $183,250 | $33,225 |
| BOB BURGESS | DIRECTOR OF Highest-paid employee | 40 | $140,917 | $24,086 |
| DARRYL MCGAHA | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| TIM BARNES | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| DAVID BLAKEMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| BRUCE CARPENTER | TREASURER Trustee or director | 2 | $0 | $0 |
| COREY CRAIG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHARLENE HARRIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JENNIFER LINDON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| COLBY KIRK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEITH GABBARD | DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| STEVE ALLEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRITTANY COX | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AMANDA CLARK | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRETT TRAVER | EXECUTIVE DI Highest-paid employee | 40 | $180,653 | $32,700 |
| BOB BURGESS | DIRECTOR OF Highest-paid employee | 40 | $133,900 | $23,052 |
| CAROL WRIGHT | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| TIM BARNES | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| DAVID BLAKEMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| BRUCE CARPENTER | TREASURER Trustee or director | 2 | $0 | $0 |
| COREY CRAIG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHARLENE HARRIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JENNIFER LINDON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DARRYL MCGAHA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| VIRGINIA FLANAGAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEVE ALLEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DARYL SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AMANDA CLARK | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRETT TRAVER | EXECUTIVE DI Highest-paid employee | 40 | $171,053 | $31,200 |
| BOB BURGESS | DIRECTOR OF Highest-paid employee | 40 | $130,000 | $21,722 |
| CAROL WRIGHT | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| TIM BARNES | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| DAVID BLAKEMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| BRUCE CARPENTER | TREASURER Trustee or director | 2 | $0 | $0 |
| COREY CRAIG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHARLENE HARRIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIM GIBBS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JENNIFER LINDON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DARRYL MCGAHA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| VIRGINIA FLANAGAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STEVE ALLEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DARYL SMITH | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2292 S HIGHWAY 27 STE 340, SOMERSET, KY 42501-2905
- Principal officer (990 for 2024)
- BRETT TRAVER, 2292 S HWY 27, SOMERSET, KY 42502
- Signed the 990
- BRETT TRAVER, EXECUTIVE DIRECTOR
- Phone
- (606) 677-6100
- Website
- SKEDCORP.COM
- Return prepared by
- EVANS HARVILLE ATWELL & CO CPAS PLLC
Mission
TO FACILITATE THE ECONOMIC GROWTH AND DEVELOPMENT OF THE SOUTHERN KENTUCKY REGION.
Program accomplishments
- ADMINISTERS LOAN PROGRAMS TO QUALIFIED BUSINESSES FOR NEW AND EXPANDING INDUSTRY IN THE SERVICE AREA.Expenses $1,906,954
- ADMINISTERS LOAN PROGRAMS TO QUALIFIED BUSINESSES FOR NEW AND EXPANDING
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1097619
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S32Z)
- Assets (IRS master file)
- $32,616,890
- Income (IRS master file)
- $3,440,740
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,440,740 | $2,426,653 | $32,616,890 | IRS |
| 990 | June 2024 | $2,561,251 | $2,247,390 | $30,344,227 | XML |
| 990 | June 2023 | $2,403,223 | $1,994,387 | $28,639,191 | XML |
| 990 | June 2022 | $3,726,346 | $2,381,766 | $28,123,081 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-1097619).
Questions about SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC
- What is the EIN of SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC is 61-1097619.
- Is SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC?
- The 990 for the year ended June 30, 2025 names BRETT TRAVER.
- Who are the officers and directors of SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 2 received compensation from the organization, the highest $183,250 (BRETT TRAVER, EXECUTIVE DI).
- How much revenue does SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,440,740, expenses of $2,426,653 and total assets of $32,616,890 at year end.
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All nonprofits in SOMERSET · Kentucky · Community improvement and capacity building