Nonprofit · EIN 61-1126724
MOREHEAD ROWAN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY INC
Tax-exempt · MOREHEAD, KY 40351
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,095,352 | $2,259,389 | $835,963 | $3,208,369 | $178,351 | $3,030,018 |
| June 30, 2024 | 990 | $600,054 | $101,154 | $498,900 | $3,828,974 | $1,634,919 | $2,194,055 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $813,778
- of which government grants
- $813,778
- Program service revenue
- $0
- Investment income
- $2,534
- Other revenue
- $2,279,040
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $7,388
- Accounting fees
- $5,300
- Program services (functional)
- $2,246,676
- Management and general (functional)
- $12,713
Balance sheet and other
- Total assets, start of year
- $3,828,974
- Total assets, end of year
- $3,208,369
- Total liabilities, end of year
- $178,351
- Net assets, end of year
- $3,030,018
- Net assets without donor restrictions
- $3,030,018
- Gross receipts
- $3,095,352
- Employees
- 0
- Year formed
- 1990
- 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 |
|---|---|---|---|
| PAUL GOODPASTER | DIRECTOR Trustee or director | – | $0 |
| MIKE KNUDSON | DIRECTOR Trustee or director | – | $0 |
| DONALD LLOYD | DIRECTOR Trustee or director | – | $0 |
| JASON SLONE | DIRECTOR Trustee or director | – | $0 |
| JENNIFER ANDERSON | OFFICER Officer | – | $0 |
| MICHAEL ROWE | OFFICER Officer | – | $0 |
| SHANA SAVARD-HOGGE | OFFICER Officer | – | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY FANNIN | DIRECTOR Trustee or director | – | $0 |
| TRENT HAMILTON | DIRECTOR Trustee or director | – | $0 |
| JASON SLONE | DIRECTOR Trustee or director | – | $0 |
| BEN CAUDILL | SECRETARY Officer | – | $0 |
| PAUL GOODPASTER | CHAIRMAN Officer | – | $0 |
| BOB NEFF | VICE CHAIRMA Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 150 E 1ST ST, MOREHEAD, KY 40351-1702
- Mailing address (990-N for 2018)
- 100 Lake Park Dr, Morehead KY 40351
- Principal officer (990 for 2024)
- JASON SLONE, 150 E 1ST ST, MOREHEAD, KY 40351
- Principal officer (990-N for 2018)
- Bob Helton, 100 Lake Park Dr, Morehead KY 40351
- Signed the 990
- JASON SLONE, DIRECTOR
- Phone
- (606) 784-5874
- Return prepared by
- DONNA HENDRIX CPA PSC
Mission
THE AUTHORITY SERVES THE CITY OF MOREHEAD AND ROWAN COUNTY. THE GOAL IS TO
Program accomplishments
- THE AUTHORITY SERVES THE CITY OF MOREHEAD AND ROWAN COUNTY. THE GOAL IS TO PROMOTE AND MAINTAIN INDUSTRY.Expenses $2,246,676
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
- 61-1126724
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,208,369
- Income (IRS master file)
- $3,095,352
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,095,352 | $2,259,389 | $3,208,369 | XML |
| 990 | June 2024 | $600,054 | $101,154 | $3,828,974 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-N for 2018 Officer: Bob Helton | June 30, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 61-1126724).
Questions about MOREHEAD ROWAN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY INC
- What is the EIN of MOREHEAD ROWAN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY INC?
- The employer identification number (EIN) of MOREHEAD ROWAN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY INC is 61-1126724.
- Is MOREHEAD ROWAN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to MOREHEAD ROWAN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MOREHEAD ROWAN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 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 MOREHEAD ROWAN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 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 MOREHEAD ROWAN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 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 MOREHEAD ROWAN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY INC?
- The 990 for the year ended June 30, 2025 names JASON SLONE.
- Who are the officers and directors of MOREHEAD ROWAN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does MOREHEAD ROWAN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,095,352, expenses of $2,259,389 and total assets of $3,208,369 at year end.
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