Nonprofit · EIN 61-1105122
ECONOMIC DEVELOPMENT PROPERTIES INC
Tax-exempt · OWENSBORO, KY 42303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $23,045 | $34,405 | -$11,360 | $48,947 | $33,024 | $15,923 |
| June 30, 2024 | 990 | $31,949 | $21,417 | $10,532 | $40,334 | $13,051 | $27,283 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $23,045
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $817
- Accounting fees
- $3,700
- Occupancy
- $540
- Program services (functional)
- $29,577
- Management and general (functional)
- $4,828
Balance sheet and other
- Total assets, start of year
- $40,334
- Total assets, end of year
- $48,947
- Total liabilities, end of year
- $33,024
- Net assets, end of year
- $15,923
- Net assets without donor restrictions
- $15,923
- Gross receipts
- $23,045
- Employees
- 0
- 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 |
|---|---|---|---|
| JANIE MARKSBERRY | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| SCOTT MCCAIN | TREASURER Trustee or director, Officer | 1 | $0 |
| NATE PAGAN | PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NATE PAGAN | DIRECTOR Trustee or director | 1 | $0 |
| JANIE MARKSBERRY | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT MCCAIN | DIRECTOR Trustee or director | 1 | $0 |
| CLAUDE BACON | PRESIDENT/CEO Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 123 W 4TH ST STE 202, OWENSBORO, KY 42303-4159
- Principal officer (990 for 2024)
- NATE PAGAN, PO BOX 10003, OWENSBORO, KY 42302
- Signed the 990
- NATE PAGAN, PRESIDENT
- Phone
- (270) 926-4339
- Website
- WWW.OWENSBORO.COM
- Return prepared by
- JULIA H WIMAN CPA PLLC
Mission
TO ENCOURAGE DEVELOPMENT OF ECONOMIC GROWTH
Program accomplishments
- TO MANAGE PROPERTIES OWNED BY THE CITY, COUNTY AND INDUSTRIAL FOUNDATION.Expenses $29,577
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 61-1105122
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Exempt since
- 1960
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $48,947
- Income (IRS master file)
- $23,045
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $23,045 | $34,405 | $48,947 | IRS |
| 990 | June 2024 | $31,949 | $21,417 | $40,334 | IRS |
| 990 | June 2023 | $31,804 | $131,275 | $30,369 | IRS |
| 990 | June 2022 | $32,275 | $44,319 | $125,767 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 61-1105122).
Questions about ECONOMIC DEVELOPMENT PROPERTIES INC
- What is the EIN of ECONOMIC DEVELOPMENT PROPERTIES INC?
- The employer identification number (EIN) of ECONOMIC DEVELOPMENT PROPERTIES INC is 61-1105122.
- Is ECONOMIC DEVELOPMENT PROPERTIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1960.
- Which annual return does ECONOMIC DEVELOPMENT PROPERTIES INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ECONOMIC DEVELOPMENT PROPERTIES 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 ECONOMIC DEVELOPMENT PROPERTIES 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 ECONOMIC DEVELOPMENT PROPERTIES INC?
- The 990 for the year ended June 30, 2025 names NATE PAGAN.
- Who are the officers and directors of ECONOMIC DEVELOPMENT PROPERTIES INC?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does ECONOMIC DEVELOPMENT PROPERTIES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $23,045, expenses of $34,405 and total assets of $48,947 at year end.
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All nonprofits in OWENSBORO · Kentucky · Community improvement and capacity building