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Nonprofit · EIN 88-2562759

MAYFIELD GRAVES LTRG INC

Tax-exempt · MAYFIELD, KY 42066

Financials

$5.9M$3.7M2023$1.1M$4.5M2024
Revenue Expenses · by fiscal year end
Financials of MAYFIELD GRAVES LTRG INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,148,226$4,523,848-$3,375,622$1,530,506$65,651$1,464,855
December 31, 2023990$5,948,223$3,717,361$2,230,862$4,944,364$103,887$4,840,477
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,072,439
of which government grants
-$800,000
Program service revenue
$75,787
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$470,325
Salaries, compensation and benefits (total)
$516,584
Professional fundraising fees
$0
Accounting fees
$3,414
Occupancy
$33,242
Travel
$1,966
Depreciation
$126,534
Program services (functional)
$4,110,545
Management and general (functional)
$413,303

Balance sheet and other

Total assets, start of year
$4,944,364
Total assets, end of year
$1,530,506
Total liabilities, end of year
$65,651
Net assets, end of year
$1,464,855
Land, buildings and equipment
$192,006
Net assets with donor restrictions
$1,464,855
Gross receipts
$1,148,226
Employees
11
Year formed
2022
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MATTHEW ALLENDIRECTOR
Trustee or director
5$0
AMY CHICOINEDIRECTOR
Trustee or director
40$0
CHRISTOPHER AVALLONEDIRECTOR
Trustee or director
40$0
ALBERT CHANDLEROFFICER
Officer
10$0
KARASTIN HANCOCKPRESIDENT
Officer
10$0
THOMAS BRIGHTTREASURER
Officer
5$0
KRISTIN KINGSECRETARY
Officer
5$0
DON BARGEROFFICER
Officer
5$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
KRISTIN KINGDIRECTOR
Trustee or director
10$0
KARASTIN HANCOCKDIRECTOR
Trustee or director
10$0
RYAN DRANEDIRECTOR
Trustee or director
40$0
ALBERT CHANDLERCHAIRMAN
Officer
10$0
HUNTER B SHUECRAFTTREASURER
Officer
10$0

Address and contacts

Address (IRS master file)
1365 LUISA LN, MAYFIELD, KY 42066-1150
In care of
% KARASTIN HANCOCK
Signed the 990
KARASTIN HANCOCK, DIRECTOR
Return prepared by
Sheila M Whitaker CPA

Mission

THE LTRG EXISTS TO ADDRESS THE NEEDS OF THE COMMUNITY IN RESPONSE TO DAMAGE SUSTAINED FROM NATURAL DISASTERS. THE MAYFIELD GRAVES COUNTY LTRG PROVIDES COORDINATED MANAGEMENT OF RECOVERY EFFORTS AND ADVOCATES FOR ONGOING RESOURCES AND PREPAREDNESS WITH COMMUNITY AGENCIES

990 for the year ended December 31, 2024

Program accomplishments

  • SURVIVORS RECEIVING ASSISTANCE FROM THE DECEMBER 2021 TORNADO WERE 1,860 HOUSEHOLDS.
    Expenses $4,110,545

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
88-2562759
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,530,506
Income (IRS master file)
$1,148,226

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,148,226$4,523,848$1,530,506XML
990December 2023$5,948,223$3,717,361$4,944,364XML
990December 2022$2,910,727$301,112$2,773,321IRS

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 88-2562759).

Questions about MAYFIELD GRAVES LTRG INC

What is the EIN of MAYFIELD GRAVES LTRG INC?
The employer identification number (EIN) of MAYFIELD GRAVES LTRG INC is 88-2562759.
Is MAYFIELD GRAVES LTRG INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to MAYFIELD GRAVES LTRG INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAYFIELD GRAVES LTRG 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 MAYFIELD GRAVES LTRG INC 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 MAYFIELD GRAVES LTRG INC 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 MAYFIELD GRAVES LTRG INC?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does MAYFIELD GRAVES LTRG INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,148,226, expenses of $4,523,848 and total assets of $1,530,506 at year end.

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