Overview
What is Ballard County Economic & Industrial Development?
Ballard County Economic & Industrial Development is a nonprofit organization situated in Kevil, Kentucky, specifically at 297 Kentucky Avenue. Their primary mission is to support local businesses and propel the growth of new businesses and industries in Ballard County and its surrounding western Kentucky region. This mission aims to bring stability and well-paying jobs to the area by both retaining existing businesses and attracting new ones. To accomplish this, the organization offers flexible and reasonably priced office space rentals to contractors working at the GE Geothermal Power Plant. With a small team of two dedicated individuals, Ballard County Economic & Industrial Development plays a vital role in fostering the local economic development of the region.
Is Ballard County Economic & Industrial Development legitimate?
Ballard County Economic & Industrial Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ballard County Economic & Industrial Development 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: $40,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,950
For more financial information, click here
What is the mission statement of Ballard County Economic & Industrial Development?
Ballard County Economic & Industrial Development works to support local businesses and facilitate the establishment of new businesses and industry in the region of Ballard County and its surrounding areas in Western Kentucky. Their mission is centered around bringing growth and stability to the area by retaining and attracting well-paying and rewarding jobs. The organization offers reasonable and flexible rental rates for office space to contractors working at the GESEOUS Defusion Plant, providing temporary workspace solutions.
Who is the CEO of Ballard County Economic & Industrial Development?
Unavailable
What is the revenue of Ballard County Economic & Industrial Development?
Ballard County Economic & Industrial Development's revenue in 2022 was $149,797.
Who are the executives of Ballard County Economic & Industrial Development and what are their salaries?
The average compensation at Ballard County Economic & Industrial Development during 2022 was $40,100. There are 2 employees at Ballard County Economic & Industrial Development.
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Where can I find the form 990 for Ballard County Economic & Industrial Development?
Ballard County Economic & Industrial Development's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ballard County Economic & Industrial Development
Ballard County Economic & Industrial Development is committed to supporting local businesses and fostering the growth of new businesses and industries in Ballard County and its surrounding western Kentucky area. Their mission is twofold: to promote stability and growth in the region by retaining existing well-paying and rewarding jobs, and to attract new businesses to the area. This organization serves as a catalyst for economic development, aiming to enhance the local economy and improve the livelihoods of its residents. To accomplish this, Ballard County Economic & Industrial Development provides reasonably priced and flexible office space rental for contractors working at the GESEOUS Defusion Plant, thereby supporting the growth of the region's industry.
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Impact
October, 2024
Ballard County Economic & Industrial Development plays a crucial role in fostering economic growth and stability in Ballard County and the surrounding areas of Western Kentucky. By supporting local businesses and attracting new industries, the organization focuses on creating well-paying and rewarding job opportunities. Their efforts not only contribute to the retention of existing businesses but also encourage the establishment of new enterprises, ensuring a vibrant and diverse economic landscape.
One of their key initiatives includes offering secure and reasonably-priced rental office space for contractors working at the nearby Gesous Defusion Plant. This flexible leasing arrangement accommodates the varying job terms of contractors, making it easier for them to operate and contribute to the local economy.
Overall, their commitment to community improvement is evident in their strategic efforts to enhance the economic vitality of the region, thereby providing residents with better job prospects and a higher quality of life.
This information is meant to be a general summary of Ballard County Economic & Industrial Development. 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: $1,653
- Program Service Revenue: $17,086
- Gross Receipts: $149,797
Assets and Liabilities:
- Total Assets: $2,191,581
- Total Liabilities: $102,027
- Net Assets: $2,089,554
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER INCOME - CONSULT
Revenue
$17,086
Organization Details
Founding Year
2018
Main Address
297 KENTUCKY AVE, KEVIL, KY, 42053
NTEE Category
Code: S32 - Community improvement
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