Nonprofit · EIN 74-3242650
KENTUCKY ASSOCIATION FOR ECONOMIC DEVELOPMENT
Tax-exempt · FRANKFORT, KY 40601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $669,187 | $1,030,304 | -$361,117 | $2,552,407 | $188,611 | $2,363,796 |
| December 31, 2023 | 990 | $537,116 | $1,080,149 | -$543,033 | $2,864,991 | $150,161 | $2,714,830 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $20,000
- Program service revenue
- $550,659
- Investment income
- $98,528
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $183,047
- Salaries, compensation and benefits (total)
- $241,240
- Professional fundraising fees
- $0
- Accounting fees
- $17,950
- Occupancy
- $15,600
- Travel
- $7,160
- Depreciation
- $588
- Program services (functional)
- $563,171
- Management and general (functional)
- $467,133
Balance sheet and other
- Total assets, start of year
- $2,864,991
- Total assets, end of year
- $2,552,407
- Total liabilities, end of year
- $188,611
- Net assets, end of year
- $2,363,796
- Land, buildings and equipment
- $1,764
- Publicly traded securities
- $424,823
- Net assets without donor restrictions
- $909,313
- Net assets with donor restrictions
- $1,454,483
- Gross receipts
- $669,187
- Employees
- 3
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIMBERLY ROSSETTI | CHAIRPERSON Trustee or director | 2 | $0 |
| RAY HAGERMAN | CHAIR-ELECT Trustee or director, Officer | 2 | $0 |
| AMANDA CLARK | SEC/TREAS Trustee or director, Officer | 2 | $0 |
| AMANDA DAVENPORT | IMMED PAST CHAI Trustee or director | 2 | $0 |
| JIM MOORE | Director Trustee or director | 2 | $0 |
| ELIZEBETH GRIFFITH-MUDD | Director Trustee or director | 2 | $0 |
| ANDY GAMES | Director Trustee or director, Officer | 2 | $0 |
| RODNEY HITCH | Director Trustee or director | 2 | $0 |
| DANNY ISAACS | Director Trustee or director | 2 | $0 |
| BRITTANEY JOHNSON | Director Trustee or director | 2 | $0 |
| COLBY KIRK | Director Trustee or director | 2 | $0 |
| JASON SLONE | Director Trustee or director | 2 | $0 |
| TOM WEST | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMANDA DAVENPORT | CHAIRPERSON Trustee or director | 2 | $0 |
| KIMBERLY ROSSETTI | CHAIR-ELECT Trustee or director, Officer | 2 | $0 |
| RAY HAGERMAN | SEC/TREAS Trustee or director, Officer | 2 | $0 |
| BRETT TRAVER | IMMED PAST CHAI Trustee or director | 2 | $0 |
| AMANDA CLARK | Director Trustee or director | 2 | $0 |
| GINA GREATHOUSE | Director Trustee or director | 2 | $0 |
| CARTER HENDRICKS | Director Trustee or director, Officer | 2 | $0 |
| RODNEY HITCH | Director Trustee or director | 2 | $0 |
| DANNY ISAACS | Director Trustee or director | 2 | $0 |
| BRITTANEY JOHNSON | Director Trustee or director | 2 | $0 |
| COLBY KIRK | Director Trustee or director | 2 | $0 |
| JASON SLONE | Director Trustee or director | 2 | $0 |
| TOM WEST | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 101 BURCH CT, FRANKFORT, KY 40601-8353
- In care of
- % MICHAEL A MANGEOT
- Signed the 990
- AMANDA DAVENPORT, CHAIRPERSON
- Phone
- (502) 227-9653
- Website
- WWW.KAEDONLINE.ORG
- Return prepared by
- CHARLES T MITCHELL CO PLLC
Mission
OUR PURPOSE IS TO EDUCATE, ADVOCATE AND CONNECT WITH OUR MEMBERS ON ISSUES THAT ARE IMPORTANT TO THE ECONOMIC DEVELOPMENT IN THE COMMONWEALTH OF KENTUCKY.
Program accomplishments
- KENTUCKY UNITED IS AN EXCLUSIVE MARKETING PROGRAM AVAILABLE TO THE MEMBERS OF KAED.
- KAED PROVIDES AN ATMOSPHERE WHERE PROFESSIONALS CAN WORK TOGETHER TO SOLVE PROBLEMS, SHARE IDEAS AND BUILD A NETWORK.
- KAED HOSTS VARIOUS EVENTS AND CONFERENCES FOR THE BENEFIT OF ITS MEMBERS.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-3242650
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $2,552,407
- Income (IRS master file)
- $669,187
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $669,187 | $1,030,304 | $2,552,407 | IRS |
| 990 | December 2023 | $537,116 | $1,080,149 | $2,864,991 | XML |
| 990 | December 2022 | $1,883,550 | $1,190,069 | $3,478,711 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 74-3242650).
Questions about KENTUCKY ASSOCIATION FOR ECONOMIC DEVELOPMENT
- What is the EIN of KENTUCKY ASSOCIATION FOR ECONOMIC DEVELOPMENT?
- The employer identification number (EIN) of KENTUCKY ASSOCIATION FOR ECONOMIC DEVELOPMENT is 74-3242650.
- Is KENTUCKY ASSOCIATION FOR ECONOMIC DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2008.
- Are donations to KENTUCKY ASSOCIATION FOR ECONOMIC DEVELOPMENT tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KENTUCKY ASSOCIATION FOR ECONOMIC DEVELOPMENT 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 KENTUCKY ASSOCIATION FOR ECONOMIC DEVELOPMENT due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KENTUCKY ASSOCIATION FOR ECONOMIC DEVELOPMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of KENTUCKY ASSOCIATION FOR ECONOMIC DEVELOPMENT?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does KENTUCKY ASSOCIATION FOR ECONOMIC DEVELOPMENT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $669,187, expenses of $1,030,304 and total assets of $2,552,407 at year end.
Other nonprofits in FRANKFORT
- COMMUNITY ACTION KENTUCKY INC EIN 61-0865554 · last filed 990 for 2025
- KENTUCKY CHAMBER FOUNDATION INC EIN 61-1284992 · last filed 990 for 2025
- PHARMACEUTICAL MANAGEMENT SCIENCE ASSOCIATION EIN 52-1589882 · last filed 990 for 2025
- KENTUCKY TELECOM ASSOCIATION INC EIN 83-2958246 · last filed 990 for 2024
- COMMONWEALTH POLICY FOUNDATION EIN 45-4795626 · last filed 990 for 2025
- KENTUCKY INDUSTRIAL DEVELOPMENT COUNCIL INC EIN 61-1161213 · last filed 990 for 2024
- KENTUCKY SHRM COUNCIL INC EIN 61-1377958 · last filed 990-EZ for 2025
- KENTUCKY COAL COUNTY COALITION INC EIN 61-0997508 · last filed 990-EZ for 2025
All nonprofits in FRANKFORT · Kentucky · Community improvement and capacity building