Prestonsburg Economic Development Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 611326954 ✦ Prestonsburg, KY ✦ Designated as a 501(c)(4)

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Overview

What is Prestonsburg Economic Development Foundation?

The Prestonsburg Economic Development Foundation, situated in Prestonsburg, Kentucky, at 382 Maple Avenue, is a nonprofit organization primarily focused on industrial development. Their mission is to enhance the community by investing in land development projects, as evidenced by the $0.00 capitalized this year to improve an industrial site. The Foundation's activities contribute significantly to the local economy and community development.

Is Prestonsburg Economic Development Foundation legitimate?

Prestonsburg Economic Development Foundation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Prestonsburg Economic Development Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Prestonsburg Economic Development Foundation?

The Prestonsburg Economic Development Foundation's primary mission, as stated, is to engage in industrial development efforts aimed at enhancing the community. This organization is committed to investing in land development projects to improve the local industrial site, thereby contributing to the overall betterment of the community. While specific details about the nature of the improvements or the extent of the development are not provided, it is clear that the foundation's focus is on driving industrial growth to positively impact the community.

Who is the CEO of Prestonsburg Economic Development Foundation?

Robert R Allen Ii is the Chairman/President of Prestonsburg Economic Development Foundation.

What is the revenue of Prestonsburg Economic Development Foundation?

Prestonsburg Economic Development Foundation's revenue in 2022 was $17,297.

Who are the executives of Prestonsburg Economic Development Foundation and what are their salaries?


Here are 11 key members and their salaries:


Thomas Nairn (Chairman/President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert R Allen Ii (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul P Hughes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Ellis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward R Nairn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beau Spurlock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lloyd Stapleton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Estill L Carter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Wilson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Burl W Spurlock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Turner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Prestonsburg Economic Development Foundation?

Prestonsburg Economic Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Prestonsburg Economic Development Foundation

The Prestonsburg Economic Development Foundation, as its primary mission, focuses on promoting industrial development with the aim of improving the overall community. This organization is dedicated to investing in land development initiatives, such as the capitalization of $0.00 this year, to enhance the local industrial site. By fostering industrial growth, the Foundation aims to contribute positively to the community's well-being.

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Impact




October, 2024

The Prestonsburg Economic Development Foundation plays a crucial role in enhancing the local economy and community through targeted industrial development initiatives. By capitalizing on land development costs set at $0.00 this year, the foundation has effectively invested in improving industrial sites, signaling its commitment to attracting business investments and fostering economic growth in Prestonsburg, Kentucky. This strategic approach not only supports job creation but also promotes overall community improvement, making Prestonsburg a more attractive location for industries and a better place for residents to live and work.




This information is meant to be a general summary of Prestonsburg Economic Development Foundation. 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.

Revenue
$17,297 (2022)
Expenses
$26,060 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $29
  • Gross Receipts: $17,297

Assets and Liabilities:

  • Total Assets: $1,015,375
  • Total Liabilities: $338,843
  • Net Assets: $676,532

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Organization Details

Founding Year

2004

Principal Officer

Robert R Allen Ii

Main Address

382 MAPLE AVENUE, PRESTONSBURG, KY, 41653

NTEE Category

Code: S30 - Community improvement

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