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GRAVES COUNTY ECONOMIC DEVELOPMENT, INC.

Company Details

Name: GRAVES COUNTY ECONOMIC DEVELOPMENT, INC.
Legal type: Kentucky Corporation
Status: Active
Standing: Good
Profit or Non-Profit: Non-profit
File Date: 12 Oct 1981 (44 years ago)
Organization Date: 12 Oct 1981 (44 years ago)
Last Annual Report: 13 Feb 2025 (2 months ago)
Organization Number: 0160685
Industry: Business Services
Number of Employees: Small (0-19)
ZIP code: 42066
City: Mayfield
Primary County: Graves County
Principal Office: 201 EAST COLLEGE ST., MAYFIELD, KY 42066
Place of Formation: KENTUCKY

Director

Name Role
Katie McCord Director
Stephen Powell Director
Justin Suiter Director
Gavin Williams Director
JAMES H. TANKERSLEY Director
CECIL ANDERSON Director
W. C. JONES Director
JOHN D. MANSCILL Director
Tanya Rose Director
Matt Scoggins Director

Incorporator

Name Role
JAMES H. TANKERSLEY Incorporator

Registered Agent

Name Role
JASON LEMLE Registered Agent

President

Name Role
Ricky Binkley President

Secretary

Name Role
Matt Scoggins Secretary

Vice President

Name Role
Sally Hopkins Vice President

Former Company Names

Name Action
GRAVES GROWTH ALLIANCE, INC. Old Name
MAYFIELD-GRAVES COUNTY DEVELOPMENT CORPORATION Old Name

Filings

Name File Date
Annual Report 2025-02-13
Annual Report 2024-03-15
Annual Report 2023-04-20
Annual Report 2022-03-08
Registered Agent name/address change 2021-03-25
Annual Report 2021-03-25
Annual Report 2020-03-18
Annual Report 2019-08-09
Annual Report 2018-04-09
Annual Report 2017-05-05

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
31-1027582 Corporation Unconditional Exemption 201 E COLLEGE ST, MAYFIELD, KY, 42066-2728 1982-03
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 receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
Tax Period 2023-06
Asset 100,000 to 499,999
Income 25,000 to 99,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Jun
Asset Amount 472627
Income Amount 81057
Form 990 Revenue Amount 81057
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 GRAVES COUNTY ECONOMIC DEVELOPMENT INC
EIN 31-1027582
Tax Period 202306
Filing Type E
Return Type 990EZ
File View File
Organization Name GRAVES COUNTY ECONOMIC DEVELOPMENT INC
EIN 31-1027582
Tax Period 202006
Filing Type E
Return Type 990
File View File
Organization Name GRAVES COUNTY ECONOMIC DEVELOPMENT INC
EIN 31-1027582
Tax Period 201906
Filing Type E
Return Type 990
File View File
Organization Name GRAVES COUNTY ECONOMIC DEVELOPMENT INC
EIN 31-1027582
Tax Period 201806
Filing Type E
Return Type 990
File View File
Organization Name GRAVES COUNTY ECONOMIC DEVELOPMENT INC
EIN 31-1027582
Tax Period 201706
Filing Type E
Return Type 990
File View File
Organization Name GRAVES COUNTY ECONOMIC DEVELOPMENT INC
EIN 31-1027582
Tax Period 201606
Filing Type E
Return Type 990
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
8757538604 2021-03-25 0457 PPS 201 E College St, Mayfield, KY, 42066-2728
Loan Status Date 2021-12-16
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 40200.39
Loan Approval Amount (current) 40200.39
Undisbursed Amount 0
Franchise Name -
Lender Location ID 26808
Servicing Lender Name Community Financial Services Bank
Servicing Lender Address 221 W 5th St, BENTON, KY, 42025-1135
Rural or Urban Indicator R
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Mayfield, GRAVES, KY, 42066-2728
Project Congressional District KY-01
Number of Employees 3
NAICS code 926110
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 26808
Originating Lender Name Community Financial Services Bank
Originating Lender Address BENTON, KY
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 40458.11
Forgiveness Paid Date 2021-11-16

Financial Incentive

Program Program Status Average Hourly Wage Project Cost Incentive Amount Initial Jobs New Jobs Date of Action Approval Type
EDB - Economic Development Bonds Active - $3,247,500 $1,623,750 - - 2024-02-29 Final
EDB - Economic Development Bonds Inactive - $6,700,000 $890,670 - - 2023-08-31 Final
EDB - Economic Development Bonds Inactive - $230,000 $115,000 - - 2022-03-31 Final

Sources: Kentucky Secretary of State