Overview
What is B-Tadd Development Foundation Inc?
B-Tadd Development Foundation Inc is a nonprofit organization situated in Maysville, Kentucky, specifically at PO Box 273. Their primary mission is to aid publicly supported nonprofit organizations, local governments, and special districts within the five-county Buffalo Trace area (Mason, Lewis, Bracken, Fleming, and Robertson counties). They accomplish this mission by offering low-interest loans and grants to assist these entities in their property development endeavors. This nonprofit contributes significantly to the local communities by providing financial support, fostering growth, and promoting sustainable development. During the recent fiscal year ending June 30, 2022, two loans were issued as part of their initiatives.
Is B-Tadd Development Foundation Inc legitimate?
B-Tadd Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. B-Tadd Development Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of B-Tadd Development Foundation Inc?
The B-Tadd Development Foundation Inc's mission is centered around providing financial assistance to nonprofits, local governments, and special districts. Specifically, they offer low-interest loans and grants to help these entities support their local communities. By doing so, the organization aims to contribute to the development of real and personal property within the five-county Buffalo Trace area. During the current fiscal year, ending June 30, 2022, the foundation provided two loans. In essence, the foundation's mission is to support the growth and development of publicly backed organizations in their local communities through financial aid.
Who is the CEO of B-Tadd Development Foundation Inc?
Jesse Melcher is the Treasurer/Se of B-Tadd Development Foundation Inc.
What is the revenue of B-Tadd Development Foundation Inc?
B-Tadd Development Foundation Inc's revenue in 2022 was $9,547.
Who are the executives of B-Tadd Development Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for B-Tadd Development Foundation Inc?
B-Tadd Development Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of B-Tadd Development Foundation Inc
B-Tadd Development Foundation Inc, as a mission-driven organization, focuses on providing financial aid to nonprofits, local governments, and special districts within the five-county Buffalo Trace area. Their primary objective is to offer low-interest loans and grants to support these entities in their efforts to develop both real and personal property. By doing so, the foundation aims to bolster the local communities they serve, promoting sustainable growth and development. During the recent fiscal year ending in June 2022, the foundation provided two loans to eligible organizations, demonstrating their commitment to their mission.
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Impact
October, 2024
B-Tadd Development Foundation Inc significantly impacts local communities by facilitating the development of real and personal property through financial support. By providing low-interest loans and grants, the foundation empowers local governments and special districts in the five-county Buffalo Trace area (Mason, Lewis, Bracken, Fleming, and Robertson Counties) to undertake projects that enhance community infrastructure and services.
In the recent fiscal year ending June 30, 2022, the foundation facilitated two loans, illustrating its active role in financing initiatives that may be otherwise underfunded. This financial assistance not only bolsters the local economy but also fosters improvements in community facilities, thereby contributing to the overall well-being and growth of the region. The foundation plays a crucial role in supporting publicly funded organizations, demonstrating a commitment to community improvement and development in the area.
This information is meant to be a general summary of B-Tadd Development Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9,547
- Gross Receipts: $9,547
Assets and Liabilities:
- Total Assets: $695,460
- Total Liabilities: $0
- Net Assets: $695,460
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Organization Details
Founding Year
1977
Phone
(606) 759-0241Principal Officer
Jesse Melcher
Main Address
PO BOX 273, MAYSVILLE, KY, 41056
NTEE Category
Code: S31 - Community improvement
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