Overview
What is City Of Pikeville Exposition Center Corporation?
City of Pikeville Exposition Center Corporation is a nonprofit organization headquartered at 126 Main Street, Pikeville, Kentucky. Its primary mission is to alleviate the financial burden of operating and managing the city's exposition center, while promoting public welfare, tourism, and economic development. The corporation provides quality entertainment, resources, and meeting spaces for the public use, acts as a resource for individuals, corporations, and governmental institutions, assists in providing educational resources, and fosters amateur sports competitions. Their purpose is to be exempt from federal income tax under Section 501(C)(3) of the Internal Revenue Code, which allows them to pursue any other lawful purpose as a nonprofit organization. With a team of 119 employees, they serve their community and contribute to its growth and wellbeing.
Official website here: www.eastkyexpo.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 73%, Two-Star out of Four Star rating.
The City Of Pikeville Exposition Center Corporation has received a Two-Star rating, reflecting a moderate level of accountability and financial health. The charity demonstrates strong governance with 100% independent board members and a solid audit of its financial statements. However, there are significant concerns related to the absence of a whistleblower policy and a document retention and destruction policy, which could impact transparency.
Financially, the organization has a high program expense ratio, indicating that a substantial portion of its expenses is directed toward its programs. However, the liabilities to assets ratio is concerning at 77.76%, suggesting potential financial instability. Although the organization has performed well in certain areas, the missing policies and high liabilities indicate that there are improvements needed for better governance and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is City Of Pikeville Exposition Center Corporation legitimate?
City Of Pikeville Exposition Center Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Of Pikeville Exposition Center Corporation 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: $105,839
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,501,857
For more financial information, click here
Official website here: www.eastkyexpo.com
What is the mission statement of City Of Pikeville Exposition Center Corporation?
The City of Pikeville Exposition Center Corporation serves a vital role in assisting its community by alleviating the financial burden of operating and managing an exposition center. Its mission is to promote public welfare, tourism, and economic development by providing quality entertainment, resources, and meeting spaces for the public. The corporation acts as a resource for individuals, corporations, and governmental institutions, offering educational resources and fostering amateur sports competitions. It also pursues any lawful purpose permitted to a corporation, aiming to be exempt from federal income tax under relevant tax codes.
Official website here: www.eastkyexpo.com
Who is the CEO of City Of Pikeville Exposition Center Corporation?
Paul Bowles is the General Mana of City Of Pikeville Exposition Center Corporation. The CEO's salary of City Of Pikeville Exposition Center Corporation is $0 and their total compensation is $0.
Official website here: www.eastkyexpo.com
What is the revenue of City Of Pikeville Exposition Center Corporation?
City Of Pikeville Exposition Center Corporation's revenue in 2022 was $4,939,974.
Official website here: www.eastkyexpo.com
Who are the executives of City Of Pikeville Exposition Center Corporation and what are their salaries?
The average compensation at City Of Pikeville Exposition Center Corporation during 2022 was $13,510. There are 119 employees at City Of Pikeville Exposition Center Corporation.
Here are 5 key members and their salaries (City Of Pikeville Exposition Center Corporation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $105,839
- 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.eastkyexpo.com
Where can I find the form 990 for City Of Pikeville Exposition Center Corporation?
City Of Pikeville Exposition Center Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eastkyexpo.com
Learn more at the official website: www.eastkyexpo.com
Mission Statement of City Of Pikeville Exposition Center Corporation
The City of Pikeville Exposition Center Corporation is a non-profit organization that is committed to assisting its community by alleviating the financial burden and obligation of operating and managing the Exposition Center. This corporation aims to promote public welfare, tourism, economic development, and provide quality entertainment, resources, and meeting spaces for the public use. It acts as a resource to individuals, corporations, and governmental institutions, and assists in providing educational resources. Furthermore, the corporation fosters amateur sports competitions and pursues any other lawful purpose or purposes permitted to a corporation organized under the Kentucky Non-Profit, Non-Stock Corporations Act. The organization is exempt from federal income tax under Section 501(C)(3) of the Internal Revenue Code of 1986, as amended (or corresponding provision of any future United States Internal Revenue Code).
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Impact
July, 2024
The City of Pikeville Exposition Center Corporation plays a vital role in supporting the city of Pikeville and its residents by managing and operating the exposition center. This not only alleviates the financial burden on the city but also contributes to the promotion of public welfare, tourism, and economic development. By providing quality entertainment, resources, and meeting spaces for public use, the corporation serves as a valuable resource for individuals, corporations, and governmental institutions. Additionally, its efforts in fostering amateur sports competitions and offering educational resources further enhance its impact on the community.
This information is meant to be a general summary of City Of Pikeville Exposition Center Corporation. 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: $4,932
- Program Service Revenue: $2,574,737
- Gross Receipts: $5,408,408
Assets and Liabilities:
- Total Assets: $1,321,608
- Total Liabilities: $761,207
- Net Assets: $560,401
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BILLED SERVICES
Revenue
$1,274,444
ADVERTISING & SPONSORSHIP
Revenue
$584,448
TICKET SALES
Revenue
$355,320
FACILITIES RENTAL
Revenue
$345,056
MISCELLANEOUS
Revenue
$15,469
Organization Details
Founding Year
2016
Phone
(606) 444-5502Principal Officer
Paul Bowles
Main Address
126 MAIN STREET, PIKEVILLE, KY, 41501
Website
www.eastkyexpo.comNTEE Category
Code: W20 - Public benefit
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