Honey Branch Industrial Development Authority Inc

Organization Overview

Honey Branch Industrial Development Authority Inc is located in Prestonsburg, KY. The organization was established in 2001. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Honey Branch Industrial Development Authority 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 06/2021, Honey Branch Industrial Development Authority Inc generated $27.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $187.6k during the year ending 06/2021. 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

ECONOMIC DEVELOPMENT TO BRING BUSINESS AND INDUSTRY IN ORDER TO INCREASE JOBS AND COMMERCE

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAINTENANCE, MARKETING & LEASE OF EAST KENTUCKY BUSINESS PARK IN ORDER TO LURE MORE JOBS AND COMMERCE TO REGION


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Board, Officers & Key Employees

Name (title)Compensation
Mike Duncan
Chairman
$0
Paul Patton
Vice Chairman
$0
Kathy Walker
Secretary/treasurer
$0
James Booth
Director
$0
Ab Conley
Director
$0
David Ellis
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$25,818
Investment income $1,614
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 $27,432

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