Nonprofit · EIN 61-1264426
MADISONVILLE-HOPKINS COUNTY DEVELOPMENT CORPORATION
Tax-exempt · MADISONVILLE, KY 42431
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $644,231 | $511,650 | $132,581 | $3,720,024 | $5,996 | $3,714,028 |
| June 30, 2024 | 990 | $641,745 | $547,767 | $93,978 | $3,584,394 | $2,947 | $3,581,447 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $507,761
- Membership dues
- $15,261
- Program service revenue
- $45,705
- Investment income
- $84,143
- Net gain from sales of assets
- $29,000
- Other revenue
- $6,622
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $107,381
- Salaries, compensation and benefits (total)
- $132,927
- Professional fundraising fees
- $0
- Legal fees
- $2,366
- Accounting fees
- $33,172
- Occupancy
- $75,000
- Depreciation
- $65,149
- Program services (functional)
- $333,284
- Management and general (functional)
- $178,366
Balance sheet and other
- Total assets, start of year
- $3,584,394
- Total assets, end of year
- $3,720,024
- Total liabilities, end of year
- $5,996
- Net assets, end of year
- $3,714,028
- Land, buildings and equipment
- $975,121
- Net assets without donor restrictions
- $3,714,028
- Gross receipts
- $644,231
- Employees
- 3
- Year formed
- 1994
- 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 |
|---|---|---|---|
| WADE WILLIAMS | PRESIDENT Officer | 40 | $26,833 |
| BRAD BALDWIN | DIRECTOR Trustee or director | 2 | $0 |
| ALISA COLEMAN | DIRECTOR Trustee or director | 2 | $0 |
| JOE COLLINS | DIRECTOR Trustee or director | 2 | $0 |
| KEVIN COTTON | DIRECTOR Trustee or director | 2 | $0 |
| ALAN DOCKREY | DIRECTOR Trustee or director | 2 | $0 |
| STEPHEN DURHAM | DIRECTOR Trustee or director | 2 | $0 |
| JOE EVANS | DIRECTOR Trustee or director | 2 | $0 |
| TODD GRUESBECK | DIRECTOR Trustee or director | 2 | $0 |
| JASON HAWKINS | DIRECTOR Trustee or director | 2 | $0 |
| BRITTANEY JOHNSON | TREASURER Trustee or director | 2 | $0 |
| CYNTHIA KELLEY | CHAIRMAN Trustee or director | 2 | $0 |
| JUSTIN LAMB | DIRECTOR Trustee or director | 2 | $0 |
| BRICE LITTLEPAGE | DIRECTOR Trustee or director | 2 | $0 |
| TONY MOORE | DIRECTOR Trustee or director | 2 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONNIE NOEL | DIRECTOR Trustee or director | 2 | $0 |
| MAURICIO PORRAS | DIRECTOR Trustee or director | 2 | $0 |
| AMY SMITH | DIRECTOR Trustee or director | 2 | $0 |
| PHILIP SMITH | DIRECTOR Trustee or director | 2 | $0 |
| KAREN SOLISE | DIRECTOR Trustee or director | 2 | $0 |
| FRANK STEVENSON | DIRECTOR Trustee or director | 2 | $0 |
| JASON VINCENT | DIRECTOR Trustee or director | 2 | $0 |
| JACK WHITFIELD | DIRECTOR Trustee or director | 2 | $0 |
| BILL YOUNG | DIRECTOR Trustee or director | 2 | $0 |
| MATT ZOELLNER | VICE CHAIRMA Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 26 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDY BACHMAN | DIRECTOR Trustee or director | 2 | $0 |
| BRAD BALDWIN | DIRECTOR Trustee or director | 2 | $0 |
| ALISA COLEMAN | DIRECTOR Trustee or director | 2 | $0 |
| JOE COLLINS | DIRECTOR Trustee or director | 2 | $0 |
| KEVIN COTTON | DIRECTOR Trustee or director | 2 | $0 |
| STEVE COX | TREASURER Trustee or director | 2 | $0 |
| ALAN DOCKREY | DIRECTOR Trustee or director | 2 | $0 |
| JASON HAWKINS | CHAIRMAN Trustee or director | 2 | $0 |
| MARVIN HIGHTOWER | DIRECTOR Trustee or director | 2 | $0 |
| ALBERT JACKSON | DIRECTOR Trustee or director | 2 | $0 |
| BRITTANEY JOHNSON | DIRECTOR Trustee or director | 2 | $0 |
| CYNTHIA KELLEY | VICE CHAIRMA Trustee or director | 2 | $0 |
| BRICE LITTLEPAGE | DIRECTOR Trustee or director | 2 | $0 |
| SKIP MCGAW | DIRECTOR Trustee or director | 2 | $0 |
| LISA MILLER | DIRECTOR Trustee or director | 2 | $0 |
| TONY MOORE | DIRECTOR Trustee or director | 2 | $0 |
| CELESTE MOSCA | DIRECTOR Trustee or director | 2 | $0 |
| RONNIE NOEL | DIRECTOR Trustee or director | 2 | $0 |
| JENNY SEWELL | DIRECTOR Trustee or director | 2 | $0 |
| DEAN SHEETS | DIRECTOR Trustee or director | 2 | $0 |
| FRANK STEVENSON | DIRECTOR Trustee or director | 2 | $0 |
| JASON VINCENT | DIRECTOR Trustee or director | 2 | $0 |
| JACK WHITFIELD | DIRECTOR Trustee or director | 2 | $0 |
| BILL YOUNG | DIRECTOR Trustee or director | 2 | $0 |
| MATT ZOELLNER | DIRECTOR Trustee or director | 2 | $0 |
| BILL RUDD | PRESIDENT Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 745, MADISONVILLE, KY 42431-0015
- Principal officer (990 for 2024)
- WADE WILLIAMS, PO BOX 745, MADISONVILLE, KY 42431
- Signed the 990
- WADE WILLIAMS, PRESIDENT
- Phone
- (270) 821-1939
- Website
- WWW.WESTCENTRALKY.COM
- Return prepared by
- ALFORD NANCE & JONES LLP
Mission
TO MAINTAIN, ENHANCE, IMPROVE, AND ENLARGE THE EMPLOYMENT BASE OF MADISONVILLE AND HOPKINS COUNTY, KENTUCKY.
Program accomplishments
- TO MAINTAIN, ENHANCE, IMPROVE, AND ENLARGE THE EMPLOYMENT BASE OF THE CITIZENS AND RESIDENTS OF MADISONVILLE AND HOPKINS COUNTY.Expenses $208,944 · revenue $41,322
- TO PROMOTE INDUSTRIAL FACILITIES AND LAND TO PROSPECTIVE INDUSTRIES.Expenses $23,058
- MAKER SPACE - THE INVESTMENT WILL FACILITATE AN ENTREPRENEURIAL ECOSYSTEM IN THE REGION THAT WILL FOCUS ON TRANSFORMING DISPLACED COAL WORKERS AND SPOUSES OF DISPLACED WORKERS INTO ENTREPRENEURS IN HOPKINS AND MUHLENBERG COUNTIES.Expenses $101,282 · revenue $11,005
- FUNDRAISING - FUNDRAISING EVENT HELD TO GENERATE FUNDS FOR THE CONTINUED OPERATION OF THE MAKER SPACE AS WELL AS AN OPPORTUNITY FOR SMALL BUSINESS OWNERS TO SHOWCASE THEIR PRODUCTS FOR A SUBSTANTIAL AUDIENCE IN THE REGION.
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
- 61-1264426
- 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
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $3,720,024
- Income (IRS master file)
- $644,231
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $644,231 | $511,650 | $3,720,024 | IRS |
| 990 | June 2024 | $641,745 | $547,767 | $3,584,394 | XML |
| 990 | June 2023 | $566,749 | $521,324 | $3,489,675 | IRS |
| 990 | June 2022 | $590,768 | $716,564 | $3,449,649 | 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 61-1264426).
Questions about MADISONVILLE-HOPKINS COUNTY DEVELOPMENT CORPORATION
- What is the EIN of MADISONVILLE-HOPKINS COUNTY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MADISONVILLE-HOPKINS COUNTY DEVELOPMENT CORPORATION is 61-1264426.
- Is MADISONVILLE-HOPKINS COUNTY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to MADISONVILLE-HOPKINS COUNTY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MADISONVILLE-HOPKINS COUNTY DEVELOPMENT CORPORATION 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 MADISONVILLE-HOPKINS COUNTY DEVELOPMENT CORPORATION 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 MADISONVILLE-HOPKINS COUNTY DEVELOPMENT CORPORATION 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 MADISONVILLE-HOPKINS COUNTY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names WADE WILLIAMS.
- Who are the officers and directors of MADISONVILLE-HOPKINS COUNTY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 25 people; 1 received compensation from the organization, the highest $26,833 (WADE WILLIAMS, PRESIDENT).
- How much revenue does MADISONVILLE-HOPKINS COUNTY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $644,231, expenses of $511,650 and total assets of $3,720,024 at year end.
Other nonprofits in MADISONVILLE
- WEST KENTUCKY FILM COMMISSION INC EIN 33-1849237 · last filed 990-EZ for 2026
- CRIMESTOPPERS OF HOPKINS COUNTY INC EIN 61-1219532 · last filed 990-N for 2025
- MID-WEST KENTUCKY SOCIETY FOR HUMAN RESOURCE MANAGEMENT EIN 26-0238602 · last filed 990-N for 2024
- WEST CENTRAL DENTAL SOCIETY EIN 90-0709572 · last filed 990-N for 2025
- HOPKINS COUNTY REGIONAL CHAMBER OF COMMERCE FOUNDATION EIN 86-3964292 · last filed 990-N for 2025
- FRIENDS OF THE HOPKINS COUNTY MADISONVILLE PUBLIC LIBRARY ING EIN 31-1023417 · last filed 990-N for 2025
- MINORITY ECONOMIC COUNCIL INC EIN 27-4979116 · last filed 990-N for 2025
- MATCHEM COMMUNITY REVITALIZATION CORP EIN 92-3260040 · last filed 990-N for 2024
All nonprofits in MADISONVILLE · Kentucky · Community improvement and capacity building