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TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION

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Public IRS 990 nonprofit record

TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION

EIN 61-1125577 · Homeowners & Tenants Associations (L50)

What they do

BUILD A WORLD-CLASS ECONOMY IN NORTHERN KENTUCKY THROUGH THE EXPANSION of EXISTING BUSINESSES and THE CREATION and ATTRACTION of HIGH QUALITY, PRIMARY INDUSTRY EMPLOYERS.

Before you give

Should I give to this charity?

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We do not have enough spending detail

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Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$58.67spent for every $100 of revenueRevenue covered expenses this year.
$4.45in assets for every $1 spent this yearSome assets cannot be spent right away.
84.7%of its money came from giftsOther money may come from services or investments.

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  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $395,767 for LEE A CRUME (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$5,521,200
Expenses$3,239,326
Annual surplus $2,281,874 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$5,521,200
Expenses$3,239,326
Assets$14,430,781
Income$5,521,200
Contributions$4,674,346
Grants given$1,701,264
Average grant$53,165
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
LEE A CRUMEPRESIDENT & CEO · 29 hrs/week $395,767Base $380,540 · Other $15,227
CHRISTINE RUSSELLVICE PRESIDENT OF STRATEGY · 6 hrs/week $188,571Base $182,011 · Other $6,560
KIMBERLY ROSSETTIVICE PRESIDENT OF ECONOMIC · 34 hrs/week $158,965Base $150,865 · Other $8,100
CHERY BESLVP OF MARKETING & CUMMINCATIONS · 28 hrs/week $129,359Base $121,845 · Other $7,514
ANGELA MULBERRYVP OF BUSINESS RETENTION · 40 hrs/week $117,637Base $113,477 · Other $4,160
DAVID MCALEESERESEARCH DIRECTOR · 24 hrs/week $112,919Base $108,639 · Other $4,280

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

LEE A CRUMEPRESIDENT & CEO

CHRISTINE RUSSELLVICE PRESIDENT OF STRATEGY

KIMBERLY ROSSETTIVICE PRESIDENT OF ECONOMIC

CHERY BESLVP OF MARKETING & CUMMINCATIONS

ANGELA MULBERRYVP OF BUSINESS RETENTION

DAVID MCALEESERESEARCH DIRECTOR

TARA HALPINDIRECTOR

ADRIAN HOTHEMTREASURER

STEVE PENDERYDIRECTOR

RICHARD ELWELLDIRECTOR

PHILIPPE GARNIERDIRECTOR

NORMAND DESMARAISSECRETARY

KRIS KNOCHELMANNDIRECTOR

KIMM LAUTERBACHDIRECTOR

JULIE METZGER AUBUCHONDIRECTOR

JOSEPH CHILLODIRECTOR

JIM HENNINGDIRECTOR

JAMES DRESSMANPAST CHAIRMAN

GARY MOOREDIRECTOR

GARREN COLVINDIRECTOR

FERNANDO FIGUEROADIRECTOR

DAN RUHDIRECTOR

CAREY SANDERSCHAIR

CADY SHORT-THOMPSONDIRECTOR

BRIAN CARRDIRECTOR

BEN BRANDSTETTERVICE CHAIR

ANNA WRIGHTDIRECTOR

About this charity

Recognized since
January 1988
Location
209 GREENUP ST STE 400, COVINGTON, KY 41011-1756
County
Kenton
In care of
LEE CRUME
Primary officer
LEE CRUME, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
RUDLER PSC
NTEE classification
Homeowners & Tenants Associations (L50)
IRS tax category
Homeowners & Tenants Associations
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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