Southeast Kentucky Economic Development Corporation Inc

Community Development · Somerset, Kentucky

2292 S Highway 27 Ste 340, Somerset, KY 42501-2905

EIN: 611097619· Founded: Sep 1986· 40 years active· Filing Year: 2023

Annual Revenue

$2.4M

Total Expenses

$2.0M

Total Assets

$28.6M

Program Spending

54%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

Not reported

All officers, directors, and key employees combined

Other Salaries & Wages

$753K

Total Payroll

$753K

38% of total expenses

Where the Money Goes

54%

Programs: 54%

Payroll: 38%

Other overhead: 46%

Program Revenue$1.1M (45%)

Total Expenses$2.0M (83%)

Payroll$753K (38%)

Overhead (non-program)46%

Trust Score Breakdown

Program Spending Ratio

54% of expenses go to programs

40%

Revenue & Stability

$2.4M annual revenue

15%

Executive Compensation

Not reported

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$28.6M in assets

10%

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Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.