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Henderson County Economic Development Cor

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

EIN: 822574175 ✦ Henderson, KY ✦ Designated as a 501(c)(6)

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Overview

What is Henderson County Economic Development Cor?

Henderson County Economic Development Corporation, with its headquarters at 207 N Elm Street P.O. Box 874, Henderson, KY 42419, is a dedicated nonprofit organization committed to fostering business growth and success in Northwest Kentucky. Their primary focus spans across three key areas: supporting existing industries, promoting workforce development, and attracting new industries. Their significant achievement includes facilitating Pratt Industries' $500 million investment in a paper mill and box factory, which will generate 321 well-paying jobs in the region, marking the largest investment in more than two decades. With a team of four individuals, the organization plays a crucial role in boosting the local economy by encouraging business expansion and job creation.


Official website here: www.hendersonkyedc.com

Is Henderson County Economic Development Cor legitimate?

Henderson County Economic Development Cor is a legitimate nonprofit organization registered as a 501(c)(6) entity. Henderson County Economic Development Cor 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: $189,569
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,701

For more financial information, click here


Official website here: www.hendersonkyedc.com

What is the mission statement of Henderson County Economic Development Cor?

The Henderson County Economic Development Corporation is dedicated to aiding businesses in succeeding and expanding in their operations. This encompasses supporting existing industries, fostering workforce development, and attracting new industries through targeted sectors. Their mission is to catalyze growth in the business sector, thereby creating opportunities and boosting the local economy.

One of their significant achievements includes facilitating the establishment of Pratt Industries, a paper mill and box factory, which broke ground in Henderson, Kentucky. This project, valued at $500 million, will generate 321 well-paying jobs across two facilities, marking the largest investment in the region in over two decades. This venture underscores the corporation's role in attracting substantial investments, creating employment opportunities, and stimulating economic growth in the region.


Official website here: www.hendersonkyedc.com

Who is the CEO of Henderson County Economic Development Cor?

Melissa Vanderpool is the Executive Director of Henderson County Economic Development Cor.


Official website here: www.hendersonkyedc.com

What is the revenue of Henderson County Economic Development Cor?

Henderson County Economic Development Cor's revenue in 2022 was $539,320.


Official website here: www.hendersonkyedc.com

Who are the executives of Henderson County Economic Development Cor and what are their salaries?

The average compensation at Henderson County Economic Development Cor during 2022 was $48,568. There are 4 employees and 12 volunteers at Henderson County Economic Development Cor.


Here are 15 key members and their salaries:


Melissa Vanderpool (Executive Director)
  • Compensation: $85,425
  • Related: $0
  • Other: $0
Whitney Risley (Dir Existing Industry Workfor)
  • Compensation: $71,038
  • Related: $0
  • Other: $0
Stephanie Lucas (Bookkeeper Admin Asst)
  • Compensation: $51,302
  • Related: $0
  • Other: $0
Jason Warren (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Beckert (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Hawkes (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lindsay Locasto (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Pritchett (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Jozwiak (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Johnston (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Mcindoo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Krampe (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Schneider (Co Judge Exec Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Austin (Mayor Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslye Krampe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hendersonkyedc.com

Where can I find the form 990 for Henderson County Economic Development Cor?

Henderson County Economic Development Cor's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hendersonkyedc.com

Learn more at the official website: www.hendersonkyedc.com

Mission Statement of Henderson County Economic Development Cor

Henderson County Economic Development Corporation, in its mission, is dedicated to fostering the success and growth of businesses in Northwest Kentucky. This encompasses supporting existing industries, focusing on workforce development, and strategically targeting sectors to attract new industries to the region. The organization's primary goal is to create an environment that encourages business expansion and job creation, ultimately contributing to the overall economic development of the area.

One of the notable accomplishments of Henderson County Economic Development Corporation is the groundbreaking of Pratt Industries' $500 million paper mill and box factory in Henderson, Kentucky. This significant investment is set to generate 321 well-paying jobs across two facilities, marking the largest investment in the region in over two and a half decades. This achievement underscores the organization's commitment to attracting high-value industries and creating sustainable employment opportunities in the region.

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Impact




October, 2024

Henderson County Economic Development Corporation plays a vital role in fostering business success and growth in Northwest Kentucky. Its commitment extends to supporting existing industries and enhancing workforce development while targeting sectors suitable for attracting new industries to the region. One of its major accomplishments is facilitating the groundbreaking of Pratt Industries' $500 million paper mill and box factory in Henderson, an investment that will generate 321 well-paying jobs across two facilities. This project marks the largest investment in the region in over 25 years, underscoring the organization’s significant impact on economic revitalization and community improvement within the area.




This information is meant to be a general summary of Henderson County Economic Development Cor. 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
$539,320 (2022)
Expenses
$434,560 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $108
  • Program Service Revenue: $70,812
  • Gross Receipts: $539,320

Assets and Liabilities:

  • Total Assets: $246,303
  • Total Liabilities: $6,736
  • Net Assets: $239,567

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Programs

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

HENDERSON REGIONAL IND

Revenue

$70,812

Organization Details

Founding Year

2017

Principal Officer

Melissa Vanderpool

Main Address

207 N ELM STREET P O BOX 874, HENDERSON, KY, 424190874

NTEE Category

Code: S41 - Community improvement

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