Overview
What is One East Kentucky Corporation One East Kentucky?
One East Kentucky Corporation, often referred to as One East Kentucky, is a 501(c)3 non-profit organization based in Paintsville, Kentucky. Established as a partnership between five local chambers of commerce, it aims to recruit industries and investments, fostering job creation in Eastern Kentucky. The nine-county region covered includes Floyd, Knott, Johnson, Lawrence, Letcher, Magoffin, Martin, Perry, and Pike. Governed by a 13-member board elected by investors, One East Kentucky advocates for collective economic development, markets the region to attract new businesses, and works closely with various organizations to secure projects for the communities. With a mission to promote job growth, the organization implements a five-year economic development strategy, collaboratively serving its regional partners.
Official website here: www.oneeastky.com/oek
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
One East Kentucky Corporation has received a low score of 54%, indicating significant concerns regarding its accountability and financial management. The charity has no independent board members, which raises questions about governance and oversight. Additionally, the organization lacks essential policies such as a conflict of interest policy and a whistleblower policy, which are critical for maintaining transparency and ethical operations.
Despite these governance issues, One East Kentucky shows a high program expense ratio of 99.77%, suggesting that almost all of its expenses are directed towards its programs. However, the absence of financial statements and a missing tax form on the nonprofit's website detracts from its accountability and public trust. The organization’s material diversion of assets is rated at a concerning 10 out of 10 points, further emphasizing the need for improved financial oversight.
In summary, while One East Kentucky appears to effectively channel its resources towards its programs, the lack of independent governance and missing key policies significantly undermine its credibility and overall rating. Stakeholders should consider these factors carefully when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is One East Kentucky Corporation One East Kentucky legitimate?
One East Kentucky Corporation One East Kentucky is a legitimate nonprofit organization registered as a 501(c)(3) entity. One East Kentucky Corporation One East Kentucky 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $75,233
Professional Fundraising Fees: $0
Other Salaries and Wages: $165,895
For more financial information, click here
Official website here: www.oneeastky.com/oek
What is the mission statement of One East Kentucky Corporation One East Kentucky?
One East Kentucky Corporation, often referred to as ONE EAST KENTUCKY, is a 9-county regional organization with a mission to drive economic development in the region. This non-profit, privately funded entity, comprised of local chambers of commerce and private businesses, is dedicated to recruiting industries and investment, aiming to create job opportunities. Their strategy involves implementing a 5-year economic development plan. The organization serves as an advocate for economic development on a collective, regional level, marketing the region to attract new companies and championing the local economy. It is governed by a 13-member board of directors elected by the organization's investors. ONE EAST KENTUCKY began as a partnership of five chambers of commerce and has since expanded its influence in the economic development sector.
Official website here: www.oneeastky.com/oek
Who is the CEO of One East Kentucky Corporation One East Kentucky?
Colby Kirk is the President of One East Kentucky Corporation One East Kentucky. The CEO's salary of One East Kentucky Corporation One East Kentucky is $22,500 and their total compensation is $22,500.
Official website here: www.oneeastky.com/oek
What is the revenue of One East Kentucky Corporation One East Kentucky?
One East Kentucky Corporation One East Kentucky's revenue in 2022 was $1,026,242.
Official website here: www.oneeastky.com/oek
Who are the executives of One East Kentucky Corporation One East Kentucky and what are their salaries?
The average compensation at One East Kentucky Corporation One East Kentucky during 2022 was $60,282. There are 4 employees at One East Kentucky Corporation One East Kentucky.
Here are 15 key members and their salaries (One East Kentucky Corporation One East Kentucky's CEO's salary is $22,500 and their total compensation is $22,500):
- Compensation: $52,733
- Related: $0
- Other: $0
- Compensation: $22,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.oneeastky.com/oek
Where can I find the form 990 for One East Kentucky Corporation One East Kentucky?
One East Kentucky Corporation One East Kentucky's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oneeastky.com/oek
Learn more at the official website: www.oneeastky.com/oek
Mission Statement of One East Kentucky Corporation One East Kentucky
One East Kentucky, a 501(c)3 non-profit organization, is dedicated to the mission of recruiting industries and investments to create job opportunities in Eastern Kentucky. Comprised of private businesses and local chambers of commerce, this regional organization covers nine counties: Floyd, Knott, Johnson, Lawrence, Letcher, Magoffin, Martin, Perry, and Pike. Governed by a 13-member board of directors elected by the organization's investors, One East Kentucky champions the economy, promotes the region as an attractive location for new companies, and advocates for collective, regional-level economic development. The organization began as a partnership of five chambers of commerce and has since grown into a prominent force in Eastern Kentucky's economic landscape.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
One East Kentucky Corporation has significantly impacted Eastern Kentucky by actively recruiting industry and investment to the region through the implementation of a 5-Year Economic Development Strategy. As a regional organization comprising private businesses and local Chambers of Commerce across nine counties, it serves as a champion for the economy, markets the region to attract new companies, and advocates for economic development on a collective, regional level.
By working closely with key organizations like the Kentucky Cabinet for Economic Development, Shaping Our Appalachian Region (SOAR), Southeast Kentucky Economic Development, and AEP Kentucky Power, One East Kentucky plays a vital role in securing new projects for the communities in its nine-county area. Through collaborative efforts and innovative programs, One East Kentucky has significantly contributed to the economic growth and overall development of Eastern Kentucky.
The organization's dedication to regional service programs and effective marketing strategies has led to a greater impact on attracting investment and fostering job creation in the region. With a clear mission and strong partnerships, One East Kentucky continues to play a crucial role in promoting economic development and community improvement in Eastern Kentucky.
This information is meant to be a general summary of One East Kentucky Corporation One East Kentucky. 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.
- Gross Receipts: $1,026,242
Assets and Liabilities:
- Total Assets: $745,258
- Total Liabilities: $18,149
- Net Assets: $727,109
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2015
Phone
(606) 886-7333Principal Officer
Colby Kirk
Main Address
513 THIRD STR BLDG A 100, PAINTSVILLE, KY, 41240
Website
www.oneeastky.com/oekNTEE Category
Code: S20 - Community improvement
If you are a representative of One East Kentucky Corporation One East Kentucky and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.