One East Kentucky Corporation

Organization Overview

One East Kentucky Corporation is located in Paintsville, KY. The organization was established in 2016. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, One East Kentucky Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One East Kentucky Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, One East Kentucky Corporation generated $468.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $692.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE EXCLUSIVE MISSION OF ONE EAST KENTUCKY IS TO RECRUIT INDUSTRY AND INVESTMENT JOBSTO EASTERN KENTUCKY THROUGH THE IMPLEMENTATION OF A 5-YEAR ECONOMIC DEVELOPMENT STRATEGY. ONE EAST KENTUCKY IS A 9-COUNTY REGIONAL ORGANIZATION COMPRISED OF PRIVATE BUSINESSES AND LOCAL CHAMBERS OF COMMERCE.ONE EAST KENTUCKY IS A 501(C)3 NON-PROFIT, PRIVATELY FUNDED REGIONAL ECONOMIC DEVELOPMENT ORGANIZATION. THE NINE COUNTY AREA INCLUDES: FLOYD, KNOTT, JOHNSON, LAWRENCE, LETCHER, MAGOFFIN, MARTIN, PERRY AND PIKE. WE ARE GOVERNED BY A 13-MEMBER BOARD OF DIRECTORS ELECTED BY INVESTORS OF THE ORGANIZATION.ONE EAST KENTUCKY CHAMPIONS THE ECONOMY, MARKETS THE REGION FOR ATTRACTION OF NEW COMPANIES, AND ADVOCATES FOR ECONOMIC DEVELOPMENT ON A COLLECTIVE, REGIONAL LEVEL. THE ORGANIZATION BEGAN AS A PARTNERSHIP OF FIVE CHAMBERS OF COMMERCE HAZARD/PERRY COUNTY CHAMBER OF COMMERCE, FLOYD COUNTY CHAMBER OF COMMERCE, LETCHER COUNTY CHAMBER OF COMMERCE, PAINTSVILLE/JOHNSON COUNTY CHAMBER OF COMMERCE AND SOUTHEAST

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE EXCLUSIVE MISSION OF ONE EAST KENTUCKY IS TO RECRUIT INDUSTRY AND INVESTMENT JOBSTO EASTERN KENTUCKY THROUGH THE IMPLEMENTATION OF A 5-YEAR ECONOMIC DEVELOPMENT STRATEGY. ONE EAST KENTUCKY IS A 9-COUNTY REGIONAL ORGANIZATION COMPRISED OF PRIVATE BUSINESSES AND LOCAL CHAMBERS OF COMMERCE.ONE EAST KENTUCKY IS A 501(C)3 NON-PROFIT, PRIVATELY FUNDED REGIONAL ECONOMIC DEVELOPMENT ORGANIZATION. THE NINE COUNTY AREA INCLUDES: FLOYD, KNOTT, JOHNSON, LAWRENCE, LETCHER, MAGOFFIN, MARTIN, PERRY AND PIKE. WE ARE GOVERNED BY A 13-MEMBER BOARD OF DIRECTORS ELECTED BY INVESTORS OF THE ORGANIZATION.ONE EAST KENTUCKY CHAMPIONS THE ECONOMY, MARKETS THE REGION FOR ATTRACTION OF NEW COMPANIES, AND ADVOCATES FOR ECONOMIC DEVELOPMENT ON A COLLECTIVE, REGIONAL LEVEL. THE ORGANIZATION BEGAN AS A PARTNERSHIP OF FIVE CHAMBERS OF COMMERCE HAZARD/PERRY COUNTY CHAMBER OF COMMERCE, FLOYD COUNTY CHAMBER OF COMMERCE, LETCHER COUNTY CHAMBER OF COMMERCE, PAINTSVILLE/JOHNSON COUNTY CHAMBER OF COMMERCE AND SOUTHEAST KENTUCKY CHAMBER OF COMMERCE. EVENTUALLY, THIS LEAD TO THE CREATION OF A PRIVATE ORGANIZATION FUNDED BY THE PRIVATE BUSINESSES AND PARTNERS IN THESE NINE COUNTIES.THESE PARTNERS RECOGNIZED THE OPPORTUNITY TO BETTER SERVE PROSPECTIVE BUSINESSES THROUGH REGIONAL SERVICE PROGRAMS AND MARKETING. THROUGH ONE EAST KENTUCKY, WE ARE PROUD TO COORDINATE EFFORTS FOR A GREATER IMPACT ON THE ECONOMIC GROWTH OF OUR REGION. ONE EAST KENTUCKY WORKS CLOSELY WITH THE KENTUCKY CABINET FOR ECONOMIC DEVELOPMENT, SHAPING OUR APPALACHIAN REGION (SOAR), SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT, AEP KENTUCKY POWER AND MANY OTHER ORGANIZATIONS TO SECURE NEW PROJECTS FOR OUR COMMUNITIES. SOAR'S INDUSTRIAL DEVELOPMENT STRATEGY IS ANSWERED THROUGH THE IMPLEMENTATION OF PROGRAMS AT ONE EAST KENTUCKY FOR OUR NINE COUNTIES.


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Board, Officers & Key Employees

Name (title)Compensation
Chuck Sexton
CEO
$177,917
Colby Kirk
President & CEO
$0
W Allen Gillum
Director
$0
Paul Patton
Director
$0
Mark Gooch
Secretary/treas
$0
Bill Grigsby
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$376,701
Government grants $91,554
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$468,255
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $468,288

Grants Recieved

Over the last fiscal year, we have identified 1 grants that One East Kentucky Corporation has recieved totaling $10,000.

Awarding OrganizationAmount
Foundation For Appalachian Kentucky Inc

Hazard, KY

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$10,000
View Grant Recipient Profile

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