Nonprofit · EIN 83-2547630
TRI-COUNTY ECONOMIC DEVELOPMENT CHARITABLE CORPORATION
Tax-exempt · COVINGTON, KY 41011
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $168,061 | $1,127,562 | -$959,501 | $1,667,929 | $400,201 | $1,267,728 |
| June 30, 2024 | 990 | $254,784 | $814,363 | -$559,579 | $2,414,363 | $182,421 | $2,231,942 |
| June 30, 2023 | 990 | $1,176,302 | $564,965 | $611,337 | $2,926,916 | $133,192 | $2,793,724 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $129,174
- Program service revenue
- $0
- Investment income
- $38,887
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $279,750
- Compensation of officers, directors and key employees
- $257,349
- Other salaries and wages
- $336,749
- Salaries, compensation and benefits (total)
- $708,048
- Professional fundraising fees
- $0
- Program services (functional)
- $1,127,562
Balance sheet and other
- Total assets, start of year
- $2,414,363
- Total assets, end of year
- $1,667,929
- Total liabilities, end of year
- $400,201
- Net assets, end of year
- $1,267,728
- Net assets without donor restrictions
- $121,693
- Net assets with donor restrictions
- $1,146,035
- Gross receipts
- $168,061
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2018
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LEE CRUME | PRESIDENT & CEO Officer | 11 | $0 | $380,540 | $15,227 |
| CHRISTINE RUSSELL | VP OF STRATEGY Key employee | 34 | $0 | $182,011 | $6,560 |
| KIMBERLY ROSSETTI | VP OF ECONOMIC DEVELOPMENT Key employee | 6 | $0 | $150,865 | $8,100 |
| CHERLY BESL | VP OF MARKETING & COMMUNICATIONS Highest-paid employee | 12 | $0 | $121,845 | $7,514 |
| DAVID MCALEESE | RESEARCH DIRECTOR Highest-paid employee | 16 | $0 | $108,639 | $4,280 |
| CAREY SANDERS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BEN BRANDSTETTER | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KRIS KNOCHELMANN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GARY MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVE PENDERY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NORMAND DESMARAIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ADRIAN HOTHEM | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM DRESSMAN | FORMER CHAIR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LEE CRUME | PRESIDENT Officer | 11 | $0 | $328,468 | $10,222 |
| CHRISTINE RUSSELL | EMPLOYEE Highest-paid employee | 34 | $0 | $173,249 | $6,300 |
| KIMBERLY ROSSETTI | EMPLOYEE Highest-paid employee | 6 | $0 | $141,665 | $7,150 |
| CHERLY BESL | EMPLOYEE Highest-paid employee | 12 | $0 | $118,115 | $8,124 |
| JIM DRESSMAN | VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| CAREY SANDERS | CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| BEN BRANDSTETTER | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| KRIS KNOCHELMANN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GARY MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVE PENDERY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NORMAND DESMARAIS | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LEE CRUME | PRESIDENT Officer | 3 | $0 | $328,468 | $10,222 |
| CHRISTINE RUSSELL | EMPLOYEE Highest-paid employee | 40 | $0 | $173,249 | $6,300 |
| CHERYL BESL | EMPLOYEE Highest-paid employee | 8 | $0 | $118,115 | $8,124 |
| TOM BANTA | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| JIM DRESSMAN | VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| CAREY SANDERS | CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| BEN BRANDSTETTER | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| KRIS KNOCHELMANN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GARY MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVE PENDERY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NORMAND DESMARAIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 209 GREENUP ST STE 400, COVINGTON, KY 41011-1756
- In care of
- % KAREN A FINAN
- Mailing address (990-N for 2020)
- 300 BUTTERMILK PIKE NO 332, FT MITCHELL KY 41017
- Principal officer (990 for 2024)
- LEE CRUME, 209 GREENUP STREET 400, COVINGTON, KY 41011
- Principal officer (990-N for 2020)
- LEE CRUME, 300 BUTTERMILK PIKE NO 332, FT MITCHELL KY 41017
- Signed the 990
- LEE CRUME, PRESIDENT
- Phone
- (859) 344-0040
- Return prepared by
- RUDLER PSC
Mission
THE MISISON OF THE TRI-COUNTY ECONOMIC DEVELOPMENT CHARITABLE CORPORATION IS TO PROVIDE PRIVATE-SECTOR LEADERSHIP AND RESOURCES TO THE TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION (TRI-ED) IN MARKETING AND PROMOTING THE THREE NORTHERN KENTUCKY COUNTIES ON A NATIONAL AND INTERNATIONAL BASIS, AS A LOCATION FOR NEW OR EXPANDING (1) MANUFACTURING PROJECTS (2) OFFICE PROJECTS, (3) WAREHOUSE/DISTRIBUTION PROJECTS, AND (4) LARGE COMMERCIAL AND SERVICE PROJECTS.
Program accomplishments
- SUPPORT SERVICES RENDERED TO THE TRI-COUNTY ECONOMIC DEVELOPMENT CORPORTATION, WHICH PROVIDE BOONE, CAMPBELL, AND KENTON COUNTIES AND THE MUNICIPALITIES AND BUSINESS INTERESTS THEREIN WITH PROFESSIONAL ECONOMIC DEVELOPMENT SERVICES COMPRISED OF: ADDRESSING THE CURRENT AND FUTURE WORKFORCE NEEDS OF NORTHERN KENTUCKY, INDETIFY AND PREPARE SITES FOR SUBSEQUENT PRIVATE COMMERCIAL AND INDUSTRIAL DEVELOPMENT THAT EXCEEDS COMMUNITY EMPLOYMENT AND WAGE TARGETS, AND PROVIDE DATA, INSIGHTS, AND A FORUM TO COMMUNITY LEADERS THAT CONTRIBUTE TO PROSPERITY, GROWTH AND EQUITY IN THE REGION.Expenses $1,127,562 · grants $279,750
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
- 83-2547630
- 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
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S12)
- Assets (IRS master file)
- $1,667,929
- Income (IRS master file)
- $168,061
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $168,061 | $1,127,562 | $1,667,929 | XML |
| 990 | June 2024 | $254,784 | $814,363 | $2,414,363 | XML |
| 990 | June 2023 | $1,176,302 | $564,965 | $2,926,916 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990-N for 2020 Officer: LEE CRUME | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | June 2019 | – | – | – | 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 83-2547630).
Questions about TRI-COUNTY ECONOMIC DEVELOPMENT CHARITABLE CORPORATION
- What is the EIN of TRI-COUNTY ECONOMIC DEVELOPMENT CHARITABLE CORPORATION?
- The employer identification number (EIN) of TRI-COUNTY ECONOMIC DEVELOPMENT CHARITABLE CORPORATION is 83-2547630.
- Is TRI-COUNTY ECONOMIC DEVELOPMENT CHARITABLE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to TRI-COUNTY ECONOMIC DEVELOPMENT CHARITABLE CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRI-COUNTY ECONOMIC DEVELOPMENT CHARITABLE 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 TRI-COUNTY ECONOMIC DEVELOPMENT CHARITABLE 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 TRI-COUNTY ECONOMIC DEVELOPMENT CHARITABLE 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 TRI-COUNTY ECONOMIC DEVELOPMENT CHARITABLE CORPORATION?
- The 990 for the year ended June 30, 2025 names LEE CRUME.
- Who are the officers and directors of TRI-COUNTY ECONOMIC DEVELOPMENT CHARITABLE CORPORATION?
- The 990 for the year ended June 30, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does TRI-COUNTY ECONOMIC DEVELOPMENT CHARITABLE CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $168,061, expenses of $1,127,562 and total assets of $1,667,929 at year end.
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