Mission
TO PROVIDE ECONOMIC DEVELOPMENT TO SOUTHEASTERN KENTUCKY.
Public Charity
THE CENTER FOR RURAL DEVELOPMENT INC
THE CENTER FOR RURAL DEVELOPMENT INC, of SOMERSET, KY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $9.9M in revenue, $10.6M in expenses, $60.9M in total assets.
EIN: 611291304
SOMERSET, KY
Economic Development
NTEE: S30
Latest filing: 2025
Total Revenue$9.9M
Total Expenses$10.6M
Total Assets$60.9M
Grant Records0
Filing Years2021–2025
Where $100 goes at The Center for Rural Development Inc
How The Center for Rural Development Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$75
Programs
the work itself
$25
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 $75 for programs
$75
The center facilitates regional and national rural development in public safety, arts and culture, leadership, and technology
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
TREASURER
Bob Mitchell
BOARD MEMBER
Dr Allison Cherry
BOARD MEMBER
Dr Jay Morgan
BOARD MEMBER
Dr Laura Stephenson
BOARD MEMBER
Dr Reed Adkins
BOARD MEMBER
Jc Egnew
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $9.9M | $10.6M | $60.9M |
| 2024 | $9.4M | $9.1M | $53.4M |
| 2023 | $8.3M | $9.0M | $53.1M |
| 2022 | $7.7M | $6.9M | $52.7M |
| 2021 | $10.7M | $6.2M | $52.1M |
Between 2021 and 2025, reported annual revenue declined from $10.7M to $9.9M (-8%), with total assets most recently reported at $60.9M.
Interactive year-over-year charts and full filing details available with membership.