Minority Economic Development Initiative Of Western Kentucky Inc, Medi-Wk in Hopkinsville, Kentucky (KY)

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Minority Economic Development Initiative Of Western Kentucky Inc, Medi-Wk
Employer Identification Number (EIN)263734194
Name of OrganizationMinority Economic Development Initiative Of Western Kentucky Inc
Secondary NameMedi-Wk
Address521 Weber St, Hopkinsville, KY 42240-2323
SubsectionCharitable Organization, Educational Organization
Ruling Date12/2009
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$147,268
Amount of Income$87,041
Form 990 Revenue Amount$87,041
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


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Amount of income in 2014: $87,041 (it was $149,023 in 2012)
This organization: 

 $87,041
Other organizations performing similar types of work: 

 $135,279

Assets in 2014: $147,268 (it was $72,931 in 2012)
Minority Economic Development Initiative Of Western Kentucky Inc, Medi-Wk: 

 $147,268
Other organizations performing similar types of work: 

 $114,906

Expenses in 2012: $123,975
This organization: 

 $123,975
Other organizations performing similar types of work: 

 $121,073

Income to expenses ratio in 2012: 0.7
Minority Economic Development Initiative Of Western Kentucky Inc, Medi-Wk: 

 0.7
Other organizations performing similar types of work: 

 1.4

Number of employees in 2012: 2
This organization: 

 2
Other organizations performing similar types of work: 

 1

Grants share in income in 2012: 99.0%
Minority Economic Development Initiative Of Western Kentucky Inc, Medi-Wk: 

 99.0%
Other organizations performing similar types of work: 

 8.8%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$149,023
Contributions, Gifts, Grants and Other Similar Amounts$147,478
Program Service Revenue$415
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,130
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$123,975
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$69,812
Payroll taxes$5,341
Professional fundraising services$0
Other$48,822
Balance Sheet (for 2012)
Total assets$72,931
Total liabilities$1,923
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$1,923
Total net assets or fund balances$71,008
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$318,697
Gifts, grants, contributions, and membership fees received$287,043
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$31,654
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1West River Foundation For Economic And Community DevelopmentPO BOX 605, Sturgis, SD 57785-0605SD2000-10$1,093,865
2The Center For Kentucky Rural Economic Development Inc2292 S Highway 27 Ste 300, Somerset, KY 42501-2905KY1996-03$5,651,161
3Southern & Eastern Kentucky Tourism Development Association Inc2292 S, Somerset, KY 42501KY2002-05$463,223
4Lexenomics Group2620 Braden Way, Lexington, KY 40509-8571KY2014-01$387,036
5South Bank Partners Inc425 York St, Newport, KY 41071-1639KY1998-08$316,211
6Xleratehealth Non-Profit Inc201 East Jefferson Street, Louisville, KY 40202-1246KY2014-07$146,000
7Minority Economic Development Initiative Of Western Kentucky Inc, Medi-Wk521 Weber St, Hopkinsville, KY 42240-2323KY2009-12$87,041
8Taylorsville Main St 501 C, Taylorsville Main Street 501cPo Box 506, Taylorsville, KY 40071KY2010-10$12,915
9Third St Developement Corp Inc304 S 4th St, Danville, KY 40422-2081KY2004-04$10,050
10Buffalo Trace Area Development District IncPo Box 460, Maysville, KY 41056KY1997-02$0
11Burnside Tourist And Recreation CommissionPO BOX 8, Burnside, KY 42519-0008KY2007-02$0
12Downtown Beattyville Alliance IncorporatedPo Box 307, Beattyville, KY 41311KY2007-03$0
13East Kentucky Community Action Partnership IncPo Box 490, Barbourville, KY 40906KY2012-05$0
14East Kentucky Leadership Foundation IncPO BOX 783, Hindman, KY 41822-0783KY2010-11$0
15Elliott County Heritage & Tourism Council IncPo Box 653, Sandy Hook, KY 41171KY2014-05$0
16Harlan County Industries Inc112 Railroad St, Harlan, KY 40831-2361KY1998-04$0
17Harlan County Outdoor Recreation Board Authority Inc201 S Main St, Harlan, KY 40831-2111KY2010-01$0
18Hopewell Community Development Corporation9609 Hudson Ln, Louisville, KY 40291-1158KY2008-12$0
19Kyndle Industrial Foundation Inc145 N Main Street - Suite 500, Henderson, KY 42420-3155KY2015-03$0
20Limestone Economic Development IncP O Box 614, Maysville, KY 41056-0614KY2000-02$0
Number of organizations performing similar types of work
Alaska23
Alabama64
Arkansas29
Arizona41
California299
Colorado47
Connecticut39
District of Columbia35
Delaware8
Florida134
Georgia71
Hawaii27
Iowa63
Idaho15
Illinois108
Indiana79
Kansas46
Kentucky50
Louisiana73
Massachusetts46
Maryland54
Maine37
Michigan101
Minnesota55
Missouri99
Mississippi38
Montana36
North Carolina125
North Dakota13
Nebraska37
New Hampshire25
New Jersey61
New Mexico41
Nevada16
New York213
Ohio149
Oklahoma39
Oregon51
Pennsylvania173
Rhode Island6
South Carolina63
South Dakota34
Tennessee56
Texas168
Utah17
Virginia62
Vermont16
Washington47
Wisconsin61
West Virginia39
Wyoming14
International10
Total3,253

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