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The Center For Rural Development Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 611291304 ✦ Somerset, KY ✦ Designated as a 501(c)(3)

Overview

What is The Center For Rural Development Inc?

The Center for Rural Development Inc, based in Somerset, Kentucky, is a nonprofit organization situated at 2292 S HIGHWAY 27 STE 300. Its primary mission is to foster economic development in southeastern Kentucky, encompassing various sectors such as public safety, arts and culture, leadership, and technology. The center plays a significant role in facilitating both regional and national rural development initiatives, contributing to the overall development of the community. With a workforce of 33 dedicated individuals, The Center for Rural Development Inc is committed to driving positive change in the region.


Official website here: www.centertech.com

Is The Center For Rural Development Inc legitimate?

The Center For Rural Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Center For Rural Development Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,430,057

For more financial information, click here


Official website here: www.centertech.com

What is the mission statement of The Center For Rural Development Inc?

The Center for Rural Development Inc's mission is centered around promoting economic development in Southeastern Kentucky. This organization actively facilitates rural development in various sectors such as public safety, arts and culture, leadership, and technology at both regional and national levels. The primary goal is to stimulate economic growth and improve the living standards in this region.


Official website here: www.centertech.com

Who is the CEO of The Center For Rural Development Inc?

Lonnie Lawson is the Chairman of The Center For Rural Development Inc. The CEO's salary of The Center For Rural Development Inc is $164,275 and their total compensation is $191,190.


Official website here: www.centertech.com

What is the revenue of The Center For Rural Development Inc?

The Center For Rural Development Inc's revenue in 2022 was $7,680,890.


Official website here: www.centertech.com

Who are the executives of The Center For Rural Development Inc and what are their salaries?

The average compensation at The Center For Rural Development Inc during 2022 was $43,335. There are 33 employees and 12 volunteers at The Center For Rural Development Inc.

Here are 13 key members and their salaries (The Center For Rural Development Inc's CEO's salary is $164,275 and their total compensation is $191,190):

    Lonnie Lawson (Pres. Ceo)
  • Compensation: $164,275
  • Related: $0
  • Other: $26,915

    • Richard Taylor (Executive Vp)
  • Compensation: $147,115
  • Related: $0
  • Other: $36,206

    • Robert M Duncan (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jean M Dorton (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerry A Rickett (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Merrick (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Jay Morgan (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clay Parker Davis (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Kelley (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Robinson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Nancy Cox (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Mitchell (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Lacey (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.centertech.com

    Where can I find the form 990 for The Center For Rural Development Inc?

    The The Center For Rural Development Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.centertech.com

    Learn more at the official website: www.centertech.com

    Mission Statement of The Center For Rural Development Inc

    The Center for Rural Development Inc is committed to promoting economic development in southeastern Kentucky. This mission is carried out through various initiatives, including public safety, arts and culture, leadership, and technology. The organization serves as a facilitator for both regional and national rural development efforts, aiming to drive progress and improvement in these key areas. By focusing on these sectors, The Center for Rural Development Inc seeks to contribute to a more prosperous and vibrant rural community.

    Impact

    This information is meant to be a general summary of The Center For Rural Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Center for Rural Development Inc plays a crucial role in providing economic development to Southeastern Kentucky. Its activities are focused on facilitating regional and national rural development in areas such as public safety, arts and culture, leadership, and technology. Through its initiatives, the center contributes significantly to community improvement in Somerset, Kentucky, and beyond, making a tangible impact on the region's economic growth and overall well-being.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $68,627
  • Program Service Revenue: $837,638
  • Gross Receipts: $7,767,890

    • Assets and Liabilities:
  • Total Assets: $52,726,644
  • Total Liabilities: $1,706,028
  • Net Assets: $51,020,616
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM SERVICE REVENUE

    Revenue

    $837,638

    Organization Details

    Founding Year

    1995

    Principal Officer

    Lonnie Lawson

    Main Address

    2292 S HIGHWAY 27 STE 300, SOMERSET, KY, 42501

    NTEE Category

    Code: S30 - Community improvement

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