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FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION

Company Details

Name: FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION
Legal type: Kentucky Corporation
Status: Active
Standing: Good
Profit or Non-Profit: Non-profit
File Date: 26 Aug 1981 (44 years ago)
Organization Date: 26 Aug 1981 (44 years ago)
Last Annual Report: 18 Apr 2024 (a year ago)
Organization Number: 0159310
Industry: Real Estate
Number of Employees: Small (0-19)
ZIP code: 40507
City: Lexington
Primary County: Fayette County
Principal Office: 148 DEWEESE ST, LEXINGTON, KY 40507
Place of Formation: KENTUCKY

Registered Agent

Name Role
MMLK, INC. Registered Agent

Director

Name Role
Larry Forester Director
Norman P Franklin Director
Porter G Peeples, Sr Director
Latasha A White Director
HAROLD GREENE, JR. Director
STANLEY ROSE Director
MAE CLEVELAND Director
PORTER G. PEEPLES Director
ROBERT A. BAGGAGE, JR. Director

President

Name Role
Porter G Peeples, Sr President

Vice President

Name Role
Norman P Franklin Vice President

Incorporator

Name Role
HAROLD GREENE, JR. Incorporator
MAE CLEVELAND Incorporator
STANLEY ROSE Incorporator
TOMMY BELL Incorporator
A. C. STAGG, JR. Incorporator

Filings

Name File Date
Annual Report 2024-04-18
Annual Report 2023-04-12
Annual Report 2022-03-28
Annual Report 2021-06-11
Annual Report 2020-06-24
Annual Report 2019-04-26
Annual Report 2018-04-23
Annual Report 2017-05-04
Annual Report 2016-03-29
Annual Report 2015-04-21

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
61-1057380 Corporation Unconditional Exemption 148 DEWEESE ST, LEXINGTON, KY, 40507-1921 1986-02
In Care of Name -
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Agricultural Organization, Board of Trade, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Burial Association, Credit Union, Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes 509(a)(2)
Tax Period 2023-06
Asset 5,000,000 to 9,999,999
Income 500,000 to 999,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Jun
Asset Amount 7349398
Income Amount 670898
Form 990 Revenue Amount 670898
National Taxonomy of Exempt Entities -
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Copies of Returns (990, 990-EZ, 990-PF, 990-T)

Organization Name FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION
EIN 61-1057380
Tax Period 202206
Filing Type E
Return Type 990
File View File
Organization Name FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION
EIN 61-1057380
Tax Period 202006
Filing Type E
Return Type 990
File View File
Organization Name FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION
EIN 61-1057380
Tax Period 201906
Filing Type P
Return Type 990
File View File
Organization Name FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION
EIN 61-1057380
Tax Period 201806
Filing Type P
Return Type 990
File View File
Organization Name FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION
EIN 61-1057380
Tax Period 201706
Filing Type P
Return Type 990
File View File
Organization Name FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION
EIN 61-1057380
Tax Period 201706
Filing Type P
Return Type 990T
File View File
Organization Name FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION
EIN 61-1057380
Tax Period 201706
Filing Type P
Return Type 990T
File View File
Organization Name FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION
EIN 61-1057380
Tax Period 201606
Filing Type P
Return Type 990
File View File
Organization Name FAYETTE COUNTY LOCAL DEVELOPMENT CORPORATION
EIN 61-1057380
Tax Period 201606
Filing Type P
Return Type 990T
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
8078108602 2021-03-24 0457 PPS 148 Deweese St, Lexington, KY, 40507-1921
Loan Status Date 2021-11-09
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 10682
Loan Approval Amount (current) 10682
Undisbursed Amount 0
Franchise Name -
Lender Location ID 282649
Servicing Lender Name Forcht Bank, National Association
Servicing Lender Address 2404 Sir Barton Way, LEXINGTON, KY, 40509-2267
Rural or Urban Indicator U
Hubzone Y
LMI N
Business Age Description Existing or more than 2 years old
Project Address Lexington, FAYETTE, KY, 40507-1921
Project Congressional District KY-06
Number of Employees 1
NAICS code 531110
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Non-Profit Organization
Originating Lender ID 282649
Originating Lender Name Forcht Bank, National Association
Originating Lender Address LEXINGTON, KY
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 10744.31
Forgiveness Paid Date 2021-10-22

Sources: Kentucky Secretary of State