Nonprofit · EIN 61-1291304
THE CENTER FOR KENTUCKY RURAL ECONOMIC DEVELOPMENT INC
Tax-exempt · SOMERSET, KY 42501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,890,455 | $10,550,812 | -$660,357 | $60,865,607 | $10,948,868 | $49,916,739 |
| June 30, 2024 | 990 | $9,400,255 | $9,098,378 | $301,877 | $53,411,405 | $2,834,309 | $50,577,096 |
| June 30, 2023 | 990 | $8,257,213 | $9,002,610 | -$745,397 | $53,128,428 | $2,853,209 | $50,275,219 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $7,060,972
- of which government grants
- $6,970,314
- Program service revenue
- $1,036,389
- Investment income
- $87,212
- Net rental income
- $162,568
- Other revenue
- $1,705,882
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $2,046,931
- Salaries, compensation and benefits (total)
- $2,669,953
- Professional fundraising fees
- $0
- Occupancy
- $40,023
- Travel
- $117,822
- Depreciation
- $1,857,271
- Program services (functional)
- $8,118,155
- Management and general (functional)
- $2,432,657
Balance sheet and other
- Total assets, start of year
- $53,411,405
- Total assets, end of year
- $60,865,607
- Total liabilities, end of year
- $10,948,868
- Net assets, end of year
- $49,916,739
- Land, buildings and equipment
- $45,627,161
- Net assets without donor restrictions
- $49,916,739
- Gross receipts
- $9,890,455
- Employees
- 42
- Volunteers
- 10
- Year formed
- 1995
- 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 |
|---|---|---|---|---|
| LONNIE LAWSON | PRES. CEO Highest-paid employee | 50 | $174,353 | $29,730 |
| RICHARD TAYLOR | EXECUTIVE VP Highest-paid employee | 50 | $155,000 | $41,085 |
| ZACHARY AUSMUS | BROADBAND MA Highest-paid employee | 50 | $125,000 | $12,352 |
| MARK HANEY | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JERRY A RICKETT | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SAM BROWN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| BOB MITCHELL | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DR REED ADKINS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DR JAY MORGAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JC EGNEW | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DR LAURA STEPHENSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JEAN M DORTON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TIM ROBINSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DR ALLISON CHERRY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LONNIE LAWSON | PRES. CEO Officer | 50 | $176,045 | $29,263 |
| RICHARD TAYLOR | EXECUTIVE VP Officer | 50 | $155,000 | $39,774 |
| DR JAY MORGAN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JERRY A RICKETT | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| STEVE MERRICK | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JEAN M DORTON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DR REED ADKINS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SAM BROWN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JC EGNEW | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MARK HANEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TIM ROBINSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BOB MITCHELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LONNIE LAWSON | PRES. CEO Officer | 50 | $176,846 | $28,573 |
| RICHARD TAYLOR | EXECUTIVE VP Officer | 50 | $151,667 | $37,625 |
| DR JAY MORGAN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| JERRY A RICKETT | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| STEVE MERRICK | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JEAN M DORTON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DR REED ADKINS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DR NANCY COX | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JC EGNEW | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KAREN KELLEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TIM ROBINSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BOB MITCHELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2292 S HIGHWAY 27 STE 300, SOMERSET, KY 42501-2905
- In care of
- % LONNIE LAWSON
- Principal officer (990 for 2024)
- LONNIE LAWSON, 2292 S HWY 27, SOMERSET, KY 42501
- Signed the 990
- LONNIE LAWSON, PRES. CEO
- Phone
- (606) 677-6000
- Website
- WWW.CENTERTECH.COM
- Return prepared by
- EVANS HARVILLE ATWELL & CO CPAS PLLC
Mission
TO PROVIDE ECONOMIC DEVELOPMENT TO SOUTHEASTERN KENTUCKY.
Program accomplishments
- THE CENTER FACILITATES REGIONAL AND NATIONAL RURAL DEVELOPMENT IN PUBLIC SAFETY, ARTS AND CULTURE, LEADERSHIP, AND TECHNOLOGY.Expenses $8,118,155
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
- 61-1291304
- 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
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $60,865,607
- Income (IRS master file)
- $9,890,455
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,890,455 | $10,550,812 | $60,865,607 | XML |
| 990 | June 2024 | $9,400,255 | $9,098,378 | $53,411,405 | XML |
| 990 | June 2023 | $8,257,213 | $9,002,610 | $53,128,428 | XML |
| 990 | June 2022 | $7,680,890 | $6,901,640 | $52,726,644 | 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 61-1291304).
Questions about THE CENTER FOR KENTUCKY RURAL ECONOMIC DEVELOPMENT INC
- What is the EIN of THE CENTER FOR KENTUCKY RURAL ECONOMIC DEVELOPMENT INC?
- The employer identification number (EIN) of THE CENTER FOR KENTUCKY RURAL ECONOMIC DEVELOPMENT INC is 61-1291304.
- Is THE CENTER FOR KENTUCKY RURAL ECONOMIC DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to THE CENTER FOR KENTUCKY RURAL ECONOMIC DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE CENTER FOR KENTUCKY RURAL ECONOMIC DEVELOPMENT 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 THE CENTER FOR KENTUCKY RURAL ECONOMIC DEVELOPMENT 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 THE CENTER FOR KENTUCKY RURAL ECONOMIC DEVELOPMENT 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 THE CENTER FOR KENTUCKY RURAL ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 names LONNIE LAWSON.
- Who are the officers and directors of THE CENTER FOR KENTUCKY RURAL ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 3 received compensation from the organization, the highest $174,353 (LONNIE LAWSON, PRES. CEO).
- How much revenue does THE CENTER FOR KENTUCKY RURAL ECONOMIC DEVELOPMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,890,455, expenses of $10,550,812 and total assets of $60,865,607 at year end.
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