Greenup-Boyd Riverport Authority

Organization Overview

Greenup-Boyd Riverport Authority is located in Greenup, KY. The organization was established in 2004. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenup-Boyd Riverport Authority 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, Greenup-Boyd Riverport Authority generated $314.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $282.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. 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 PURPOSE OF THE AUTHORITY SHALL BE TO ESTABLISH, MAINTAIN, OPERATE, AND EXPAND NECESSARY AND PROPER RIVERPORT AND RIVER NAVIGATION FACILITIES, AND TO ACQUIRE AND DEVELOP PROPERTY, OR RIGHTS THEREIN WITHIN THE ECONOMIC EVIRONS, THE HOME COUNTY, OR ANY COUNTY ADJACENT THERETO, OF THE RIVERPORT OR PROPOSED RIVERPORT TO ATTRACT DIRECTLY OR INDIRECTLY RIVER-ORIENTED INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PURPOSE OF THE AUTHORITY SHALL BE TO ESTABLISH, MAINTAIN, OPERATE, AND EXPAND NECESSARY AND PROPER RIVERPORT AND RIVER NAVIGATION FACILITIES, AND TO ACQUIRE AND DEVELOP PROPERTY, OR RIGHTS THEREIN WITHIN THE ECONOMIC EVIRONS, THE HOME COUNTY, OR ANY COUNTY ADJACENT THERETO,OF THE RIVERPORT OR PROPOSED RIVERPORT TO ATTRACT DIRECTLY OR INDIRECTLY RIVER-ORIENTED INDUSTRY.


THE PURPOSE OF THE AUTHORITY SHALL BE TO ESTABLISH, MAINTAIN, OPERATE, AND EXPAND NECESSARY AND PROPER RIVERPORT AND RIVER NAVIGATION FACILITIES, AND TO ACQUIRE AND DEVELOP PROPERTY, OR RIGHTS THEREIN WITHIN THE ECONOMIC EVIRONS, THE HOME COUNTY, OR ANY COUNTY ADJACENT THERETO,OF THE RIVERPORT OR PROPOSED RIVERPORT TO ATTRACT DIRECTLY OR INDIRECTLY RIVER-ORIENTED INDUSTRY.


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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$312,421
Investment income $1,941
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 $314,362

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