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Kentucky Center For Agriculture And Rural Development Inc

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

EIN: 611390010 ✦ Elizabethtown, KY ✦ Designated as a 501(c)(3)

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Overview

What is Kentucky Center For Agriculture And Rural Development Inc?

The Kentucky Center for Agriculture and Rural Development Inc, located at 411 Ring Road, Elizabethtown, KY 42701, is a dedicated nonprofit organization with a mission to stimulate agricultural and rural development in Kentucky. They accomplish this by offering leadership, educational, technical, and financial resources. Their primary goal is to enhance the economic conditions of rural Kentucky by fostering the development of new businesses and improving existing agricultural enterprises. With a team of 11 dedicated individuals, they strive to contribute to the growth and prosperity of Kentucky's rural communities.


Official website here: www.kcard.info

What are the reviews and ratings of this charity?

Charity Navigator Rating: 88%, Three-Star out of Four Star rating.

The Kentucky Center for Agriculture and Rural Development Inc has earned a solid score of 88%, which reflects a strong emphasis on accountability and finance. The organization has a fully independent board, demonstrating a commitment to good governance, and it has received high marks for its financial oversight, with all relevant financial statements being audited and properly managed.

Strengths include a very favorable program expense ratio of 84.52%, indicating that a significant majority of their funds are directed towards their programs. The organization also scores well in terms of financial stability, with a low liabilities-to-assets ratio of 2.47%. However, the absence of certain policies, specifically a conflict of interest policy and a whistleblower policy, has impacted their score in those areas, suggesting potential areas for improvement in governance practices.


This AI summary has been generated from information found on Charity Navigator.

Is Kentucky Center For Agriculture And Rural Development Inc legitimate?

Kentucky Center For Agriculture And Rural Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Center For Agriculture And Rural Development 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $91,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $609,520

For more financial information, click here


Official website here: www.kcard.info

What is the mission statement of Kentucky Center For Agriculture And Rural Development Inc?

The Kentucky Center for Agriculture and Rural Development Inc. is dedicated to fostering agricultural and rural business growth in Kentucky. They achieve this by offering leadership, educational, technical, and financial resources, aiming to enhance the economic conditions of rural areas. Additionally, they promote the development of new businesses and the improvement of existing agricultural enterprises in the state, thereby contributing to the overall prosperity of rural Kentucky.


Official website here: www.kcard.info

Who is the CEO of Kentucky Center For Agriculture And Rural Development Inc?

Eddie Melton is the President of Kentucky Center For Agriculture And Rural Development Inc.


Official website here: www.kcard.info

What is the revenue of Kentucky Center For Agriculture And Rural Development Inc?

Kentucky Center For Agriculture And Rural Development Inc's revenue in 2022 was $1,289,222.


Official website here: www.kcard.info

Who are the executives of Kentucky Center For Agriculture And Rural Development Inc and what are their salaries?

The average compensation at Kentucky Center For Agriculture And Rural Development Inc during 2022 was $63,756. There are 11 employees and 11 volunteers at Kentucky Center For Agriculture And Rural Development Inc.


Here are 13 key members and their salaries:


Eddie Melton (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joanna Hinton (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Hughes (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne White (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mac Stone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Barnett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashley Macy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Perry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eston Glover (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenny Mattingly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joanna Hinton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Medley (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aleta Botts (Executive Di)
  • Compensation: $142,690
  • Related: $0
  • Other: $0


Official website here: www.kcard.info

Where can I find the form 990 for Kentucky Center For Agriculture And Rural Development Inc?

Kentucky Center For Agriculture And Rural Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.kcard.info

Learn more at the official website: www.kcard.info

Mission Statement of Kentucky Center For Agriculture And Rural Development Inc

The Kentucky Center for Agriculture and Rural Development Inc is dedicated to promoting agricultural and rural business development in the state of Kentucky. This nonprofit organization achieves its mission by offering a multitude of resources to facilitate growth. These resources include leadership, educational, technical, and financial assistance. By providing these tools, the Kentucky Center for Agriculture and Rural Development Inc aims to improve the economic conditions of rural Kentucky. Additionally, the nonprofit actively works towards the development of new businesses and the enhancement of existing agricultural enterprises in the region. This commitment to agricultural and rural business development is crucial in driving economic growth and sustainability in the area.

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Impact




July, 2024

Kentucky Center For Agriculture And Rural Development Inc's impact is significant in facilitating agricultural and rural business development in Kentucky. By providing leadership, educational, technical, and financial resources, the organization plays a crucial role in improving the economic conditions of rural Kentucky. Through promoting the development of new businesses and enhancing existing agribusinesses, the center contributes to the growth and sustainability of the agricultural sector in the state. Its efforts ultimately lead to job creation, economic prosperity, and enhanced food production in rural Kentucky.




This information is meant to be a general summary of Kentucky Center For Agriculture And Rural Development 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.

Revenue
$1,289,222 (2022)
Expenses
$1,266,446 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $113
  • Program Service Revenue: $93,245
  • Gross Receipts: $1,289,222

Assets and Liabilities:

  • Total Assets: $383,102
  • Total Liabilities: $9,493
  • Net Assets: $373,609

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONTRACT SERVICES

Revenue

$93,245

Organization Details

Founding Year

2001

Principal Officer

Eddie Melton

Main Address

411 RING ROAD, ELIZABETHTOWN, KY, 42701

NTEE Category

Code: K20 - Food

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