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TRI-COUNTY ECONOMIC DEVELOPMENT FOUNDATION

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Public IRS 990 nonprofit record

TRI-COUNTY ECONOMIC DEVELOPMENT FOUNDATION

EIN 61-1293229

What they do

THE MISSION of THE TRI-COUNTY ECONOMIC DEVELOPMENT FOUNDATION is to PROVIDE PRIVATE-SECTOR LEADERSHIP and RESOURCES to THE TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION (TRI-ED) IN MARKETING and PROMOTING THE THREE NORTHERN KENTUCKY COUNTIES ON A NATIONAL and INTERNATIONAL BASIS, AS A LOCATION for NEW or EXPANDING (1) MANUFACTURING PROJECTS, (2) OFFICE PROJECTS, (3) WAREHOUSE/DISTRIBUTION PROJECTS and (4) LARGE COMMERCIAL and SERVICE PROJECTS. TRI-ED PROVIDES DIRECT ASSISTANCE to LOCAL INDUSTRIES to ASSIST WITH RETENTION and EXPANSION NEEDS. TRI-ED WORKS WITH THE LOCAL COMMUNITIES to DEVELOP THE RESOURCES and INFRASTRUCTURE to SUPPORT ITS ECONOMIC DEVELOPMENT PROGRAM. TRI-ED ALSO PLAYS A SUPPORTIVE ROLE for OTHER PUBLIC AGENCIES and PRIVATE DEVELOPMENT COMPANIES HAVING A COMMON MISSION.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

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 2018The report may be old. Ask for a newer one.

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

They name their leaders12 people are listed in the latest report.

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

Money made simple

39.24%of revenue went to mission work100.0% of expenses · Program services
$4,134.04spent for every $100 of revenueSpending was higher than revenue this year.
100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $569,082 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $62,097 for DANIEL TOBERGTE (IMMEDIATE PAST PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2018

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.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$144,423
Mission workProgram services$56,67739.24% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$87,74660.76% of revenueShown in gray on the chart
Total expenses$56,67739.24% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Money in and money out

Revenue$14,107
Expenses$583,189
Annual shortfall $569,082 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$56,677 · 9.7% of expenses
See all reported dollar amounts
Revenue$14,107
Expenses$583,189
Contributions$14,107
Mission work (program services)$56,677
Grants given$531,239
Average grant$531,239
People

Leadership and board

Tax year 2018

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

People reported as paid

Person and titleCompensation
DANIEL TOBERGTEIMMEDIATE PAST PRESIDENT · 40 hrs/week $62,097Base · Other $62,097

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 (12)

DANIEL TOBERGTEIMMEDIATE PAST PRESIDENT

ADAM DAVEYDIRECTOR

CHRIS BELLDIRECTOR

DAN KRUSEDIRECTOR

JANE GARVEYCHAIR

KEVIN WHELANDIRECTOR

LEE CRUMEPRESIDENT

MARK PALAZZODIRECTOR

MICHAEL HALLDIRECTOR

RICHARD COLVINDIRECTOR

SARAH GIOLANDODIRECTOR

THOMAS PREWITTCHAIR ELECT

About this charity

Location
300 BUTTERMILK PIKE SUITE 332, FT MITCHELL, KY 41017
County
Kenton
In care of
LEE CRUME
Primary officer
LEE CRUME, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2018
Tax period began
July 1, 2018
Return type
990
Tax preparer
RUDLER PSC
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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