Public Charity

SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC

SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC, of SOMERSET, KY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $3.4M in revenue, $2.4M in expenses, $32.6M in total assets. 3 publicly reported grants to this organization, totaling roughly $775K, appear in IRS filings.

EIN: 611097619 SOMERSET, KY Rural Economic Development NTEE: S32 Latest filing: 2025
Total Revenue$3.4M
Total Expenses$2.4M
Total Assets$32.6M
Grant Records3
Funding Total$775K
Filing Years2021–2025

Mission

TO FACILITATE THE ECONOMIC GROWTH AND DEVELOPMENT OF THE SOUTHERN KENTUCKY REGION.

Where $100 goes at Southeast Kentucky Economic Development Corporation Inc

How Southeast Kentucky Economic Development Corporation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$83 Programs the work itself
$17 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $83 for programs

$42
Administers loan programs to qualified businesses for new and expanding industry in the service area
50% of program spending
$41
Administers loan programs to qualified businesses for new and expanding
About 50% (cost not reported)
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Amanda Clark
DIRECTOR OF Bob Burgess
EXECUTIVE DI Brett Traver
DIRECTOR Brittany Cox
TREASURER Bruce Carpenter
DIRECTOR Charlene Harris

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$654,620 2 grants
Economic Development
$120,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $3.4M $2.4M $32.6M
2024 $2.6M $2.2M $30.3M
2023 $2.4M $2.0M $28.6M
2022 $3.7M $2.4M $28.1M
2021 $3.6M $2.3M $25.8M

Between 2021 and 2025, reported annual revenue declined from $3.6M to $3.4M (-6%), with total assets most recently reported at $32.6M.

Interactive year-over-year charts and full filing details available with membership.

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