Nonprofit · EIN 61-1338845
HONEY BRANCH INDUSTRIAL DEVELOPMENT AUTHORITY INC
Tax-exempt · PRESTONSBURG, KY 41653
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,852,338 | $433,101 | $1,419,237 | $4,457,592 | $585,219 | $3,872,373 |
| June 30, 2024 | 990 | $1,410 | $218,947 | -$217,537 | $3,064,389 | $611,253 | $2,453,136 |
| June 30, 2023 | 990 | $51,567 | $262,466 | -$210,899 | $3,287,232 | $627,132 | $2,660,100 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,590,523
- of which government grants
- $1,580,523
- Program service revenue
- $0
- Investment income
- $1,438
- Other revenue
- $260,377
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,750
- Occupancy
- $22,240
- Depreciation
- $72,605
- Program services (functional)
- $117,984
- Management and general (functional)
- $315,117
Balance sheet and other
- Total assets, start of year
- $3,064,389
- Total assets, end of year
- $4,457,592
- Total liabilities, end of year
- $585,219
- Net assets, end of year
- $3,872,373
- Land, buildings and equipment
- $3,781,288
- Net assets without donor restrictions
- $3,138,091
- Net assets with donor restrictions
- $734,282
- Gross receipts
- $1,852,338
- Employees
- 0
- Year formed
- 1997
- 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 |
|---|---|---|---|
| MIKE DUNCAN | CHAIRMAN Trustee or director, Officer | – | $0 |
| KATHY WALKER | SECRETARY/TR Trustee or director, Officer | – | $0 |
| JAMES BOOTH | DIRECTOR Trustee or director | – | $0 |
| AB CONLEY | DIRECTOR Trustee or director | – | $0 |
| KATHY WALKER | CHAIRMAN (2/ Trustee or director, Officer | – | $0 |
| DAVID ELLIS | DIRECTOR Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE DUNCAN | CHAIRMAN Trustee or director, Officer | – | $0 |
| PAUL PATTON | VICE CHAIRMA Trustee or director, Officer | – | $0 |
| KATHY WALKER | SECRETARY/TR Trustee or director, Officer | – | $0 |
| JAMES BOOTH | DIRECTOR Trustee or director | – | $0 |
| AB CONLEY | DIRECTOR Trustee or director | – | $0 |
| DAVID ELLIS | DIRECTOR Trustee or director | – | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE DUNCAN | CHAIRMAN Trustee or director, Officer | – | $0 |
| PAUL PATTON | VICE CHAIRMA Trustee or director, Officer | – | $0 |
| KATHY WALKER | SECRETARY/TR Trustee or director, Officer | – | $0 |
| JAMES BOOTH | DIRECTOR Trustee or director | – | $0 |
| AB CONLEY | DIRECTOR Trustee or director | – | $0 |
| DAVID ELLIS | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 110 RESOURCE CT, PRESTONSBURG, KY 41653-8074
- In care of
- % BIG SANDY ADD
- Principal officer (990 for 2024)
- KATHY WALKER, 110 RESOURCE CT, PRESTONSBURG, KY 41653
- Signed the 990
- KATHY WALKER, CHAIRMAN (2/16/26)
- Phone
- (606) 886-2374
- Return prepared by
- KELLEY GALLOWAY SMITH GOOLSBY PSC
Mission
BSRIDA ACTS AS AN REGIONAL DEVELOPMENT ORGANIZATION INVOLVED IN THE ACQUISITION AND DEVELOPMENT OF INDUSTRIAL SITES, PARKS, AND SUBDIVISIONS FOR ECONOMIC DEVELOPMENT PURPOSES RESULTING IN JOB CREATION AND IMPROVED ECONOMIC BASE OF THE BIG SANDY REGION COMPRISED OF FLOYD, JOHNSON, MAGOFFIN, MARTIN & PIKE COUNTIES IN KENTUCKY
Program accomplishments
- MAINTENANCE, MARKETING & LEASE OF EAST KENTUCKY BUSINESS PARK IN ORDER TO LURE MORE JOBS AND COMMERCE TO REGIONExpenses $117,984
- MAINTENANCE, MARKETING & LEASE OF EAST KENTUCKY BUSINESS PARK IN ORDER TO LURE MORE JOBS AND COMMERCE TO 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
- 61-1338845
- 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
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $4,457,592
- Income (IRS master file)
- $1,852,338
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,852,338 | $433,101 | $4,457,592 | IRS |
| 990 | June 2024 | $1,410 | $218,947 | $3,064,389 | IRS |
| 990 | June 2023 | $51,567 | $262,466 | $3,287,232 | XML |
| 990 | June 2022 | $115,329 | $209,370 | $3,519,674 | IRS |
| 990 | June 2021 | – | – | – | 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 61-1338845).
Questions about HONEY BRANCH INDUSTRIAL DEVELOPMENT AUTHORITY INC
- What is the EIN of HONEY BRANCH INDUSTRIAL DEVELOPMENT AUTHORITY INC?
- The employer identification number (EIN) of HONEY BRANCH INDUSTRIAL DEVELOPMENT AUTHORITY INC is 61-1338845.
- Is HONEY BRANCH INDUSTRIAL DEVELOPMENT AUTHORITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to HONEY BRANCH INDUSTRIAL DEVELOPMENT AUTHORITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HONEY BRANCH 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 HONEY BRANCH 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 HONEY BRANCH 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 HONEY BRANCH INDUSTRIAL DEVELOPMENT AUTHORITY INC?
- The 990 for the year ended June 30, 2025 names KATHY WALKER.
- Who are the officers and directors of HONEY BRANCH INDUSTRIAL DEVELOPMENT AUTHORITY INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does HONEY BRANCH INDUSTRIAL DEVELOPMENT AUTHORITY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,852,338, expenses of $433,101 and total assets of $4,457,592 at year end.
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