Purchase Area Development District Inc

Organization Overview

Purchase Area Development District Inc is located in Mayfield, KY. The organization was established in 1981. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Purchase Area Development District Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Purchase Area Development District Inc 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 06/2022, Purchase Area Development District Inc generated $14.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $13.6m during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Purchase Area Development District Inc has awarded 105 individual grants totaling $15,517,013. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PURCHASE AREA DEVELOPMENT DISTRICT (PADD) OFFERS A DIVERSE COLLECTION OF SERVICES, TOUCHING EVERY ASPECT OF LIFE IN THE PURCHASE REGION. LOCATED IN THE FAR-WEST KENTUCKY, PADD SERVICES INCLUDE PROGRAMS FOR HUMAN SUPPORT, COMMUNITY INFRASTRUCTURE PLANNING, ECONOMIC DEVELOPMENT, AND SPECIAL PROJECTS THE BLENDING OF THESE OFFERINGS PROVIDES A WELL-ROUNDED APPROACH TO MEETING THE CURRENT AND FUTURE NEEDS OF OUR REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PURCHASE AREA DEVELOPMENT DISTRICT (THE "DISTRICT") SUPPORTS ECONOMIC DEVELOPMENT, GIVES TECHNICAL ASSISTANCE AND HELPS IN ADMINISTERING SERVICES AND PROGRAMS IN THE DESIGNATED EIGHT COUNTY JACKSON PURCHASE AREA OF KENTUCKY.


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Board, Officers & Key Employees

Name (title)Compensation
Todd Cooper
Secretary
$0
Kenny Wilson
Chairman
$0
Arthur Boykin
Treasurer
$0
Rita Dotson
Vice Chair
$0
Cathy Pigg
Director
$0
Justin Puckett
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $14,109,252
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $2,099,771
Total Revenue from Contributions, Gifts, Grants & Similar$14,109,252
Total Program Service Revenue$42,888
Investment income $117,062
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 $14,269,202

Grants Awarded

Over the last fiscal year, Purchase Area Development District Inc has awarded $1,960,173 in support to 13 organizations.

Grant RecipientAmount

PADUCAH-MCCRACKEN COUNTY SENIOR CITIZENS

Org PageRecipient Profile

Paducah, KY

PURPOSE: TO ASSIST IN PROVIDING A VARIETY OF SERVICES AND PROGRAMS FOR THE ELDERLY.

$461,921

MURRAY-CALLOWAY COUNTY SENIOR CITIZENS

Org PageRecipient Profile

Murray, KY

PURPOSE: TO ASSIST IN PROVIDING A VARIETY OF SERVICES AND PROGRAMS FOR THE ELDERLY.

$332,681

MAYFIELD-GRAVES COUNTY SENIOR CITIZENS

Org PageRecipient Profile

Mayfield, KY

PURPOSE: TO ASSIST IN PROVIDING A VARIETY OF SERVICES AND PROGRAMS FOR THE ELDERLY.

$302,421

WEST KENTUCKY ALLIED SERVICES INC

Org PageRecipient Profile

Mayfield, KY

PURPOSE: TO ASSIST IN PROVIDING A VARIETY OF SERVICES AND PROGRAMS FOR THE ELDERLY.

$188,644

SENIOR CITIZENS OF FULTON COUNTY

Org PageRecipient Profile

Hickman, KY

PURPOSE: TO ASSIST IN PROVIDING A VARIETY OF SERVICES AND PROGRAMS FOR THE ELDERLY.

$162,489

HELP AT HOME

PURPOSE: TO ASSIST IN PROVIDING A VARIETY OF SERVICES AND PROGRAMS FOR THE ELDERLY.

$152,956
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Purchase Area Development District Inc has recieved totaling $299,574.

Awarding OrganizationAmount
Feeding Kentucky Inc

Frankfort, KY

PURPOSE: ASSISTANCE FOR MEMBER FOOD BANKS US

$229,574
Aarp Foundation

Washington, DC

PURPOSE: DONATION TO SUPPORT DISASTER RELIEF

$50,000
Cahec Foundation

Raleigh, NC

PURPOSE: DISASTER RELIEF ASSISTANCE

$20,000
View Grant Recipient Profile

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