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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Kentucky Highlands Investment Corp.

Kentucky Highlands Investment Corp.

Fiscal year ending 2024. Filed on February 12, 2025.

PO Box 1738
London, Kentucky 40743

Kentucky Highlands Investment Corp. (EIN: 61-0673339) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Kentucky Highlands Investment Corp., a 501(c)(4) civic league or social welfare organization, reported compensation for 4 out of 25 total employees. Among the employees shown here, the average compensation is $385,113. The highest compensated employee at Kentucky Highlands Investment Corp. is Jerry Rickett with fiscal year 2024 compensation of $557,519.

Revenue, expenses, and employee compensation

Revenue

$20,341,978

Expenses

$6,595,495

Employee compensation

$3,858,224
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jerry Rickett
President and Chief Executive Officer
$557,519
$482,715 No related comp$74,804
Brenda McDaniel
EXEC VICE President/Cfo
$534,521
$458,267 No related comp$76,254
Mark Bolinger
Vice President, Business
$335,311
$269,540 No related comp$65,771
Ruby Adams
Secretary
$113,099
$63,299 No related comp$49,800

Benchmark Employee Compensation

Non-Employee Board Members

William Singleton
Director
$12,700
$12,700 No related compNo other comp
Greene Keith
Director
$4,450
$4,450 No related compNo other comp
Serena Stratton
Director
$4,450
$4,450 No related compNo other comp
Richard Foley
Director
$4,450
$4,450 No related compNo other comp
Samuel Brown
Director
$4,000
$4,000 No related compNo other comp
Bill Bertram
Director
$4,000
$4,000 No related compNo other comp
Jane Carter
Director
$4,000
$4,000 No related compNo other comp
Clarence Bo Green
Director
$3,750
$3,750 No related compNo other comp
William Smith
Director
$3,650
$3,650 No related compNo other comp
Lonnie Riley
Director
$3,550
$3,550 No related compNo other comp
Gayle House
Director
$2,950
$2,950 No related compNo other comp
Paula Little
Director
$2,600
$2,600 No related compNo other comp

Mission Statement

KHIC'S PURPOSE IS TO PLAN, PROMOTE, INITIATE, AND COORDINATE COMMUNITY, ECONOMIC, AND SOCIAL DEVELOPMENT EFFORTS. KHIC HAS USED A VENTURE CAPITAL APPROACH YIELDING NOTABLE POSITIVE RESULTS. IT HAS A STRONG BASE OF CAPITAL WITH A PORTFOLIO THAT ALLOWS IT TO BE SELF-SUSTAINING, A DEDICATED AND EXPERIENCED STAFF, A COMMITTED AND SUPPORTIVE BOARD OF DIRECTORS, AND A CLEAR DEFINITION OF ITS MISSION AND METHOD. KHIC'S STRATEGY IS TO DEVELOP AN ENVIRONMENT WHERE ENTREPRENEURSHIP WILL THRIVE. IT DOES SO BY PROVIDING BOTH FINANCIAL SUPPORT AND MANAGEMENT ASSISTANCE TO NEW AND EXISTING BUSINESSES. IT ALSO SEEKS TO INTRODUCE AND DEVELOP ENTREPRENEURIAL TALENT BOTH FROM WITHIN THE REGION AND FROM AREAS OUTSIDE THE REGION.

Revisions to this organization profile

February 12, 2025:
2024 Kentucky Highlands Investment Corp. 990 filed
February 13, 2024:
2023 Kentucky Highlands Investment Corp. 990 filed
February 15, 2023:
2022 Kentucky Highlands Investment Corp. 990 filed

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