2025-08-25T12:19:37-05:00 2024-12-31 994625061 CRI ADVISORS LLC 922 STATE STREET SUITE 100 BOWLING GREEN KY 42101 990 2024-01-01 611329659 BOWLING GREEN AREA ECONOMIC DEVELOPMENT AUTHORITY INC BOWL 2707813200 710 COLLEGE STREET BOWLING GREEN KY 42101 RON BUNCH PRESIDENT & CEO 2707813200 2025-08-15 1 1 SHELLY G COMPTON P00365983 2707820700 2025-08-15 2024 2025-03-06 01:10:19Z RON BUNCH 710 COLLEGE STREET BOWLING GREEN KY 42101 1172528 0 X WWW.BGCHAMBER.ORG X 1998 KY THE EDA WAS ORGANIZED TO PROVIDE RESOURCES WITH AN ECONOMIC DEVELOPMENT VISION TO SEEK AND ASSIST IN ESTABLISHING INDUSTRIAL PARKS BY OFFERING INCENTIVE PACKAGES AND CREATING A TEAM FOR ONGOING COMMUNITY DEVELOPMENT IN THE SOUTH CENTRAL KENTUCKY AREA. 16 16 0 0 0 0 187500 187500 764634 764634 86942 147844 81761 72550 1120837 1172528 0 0 0 0 0 0 0 0 0 1007745 1023981 1007745 1023981 113092 148547 8754370 8907856 6485 11424 8747885 8896432 THE EDA WAS ORGANIZED TO PROVIDE RESOURCES WITH AN ECONOMIC DEVELOPMENT VISION TO SEEK AND ASSIST IN ESTABLISHING INDUSTRIAL PARKS BY OFFERING INCENTIVE PACKAGES AND CREATING A TEAM FOR ONGOING COMMUNITY DEVELOPMENT IN THE SOUTH CENTRAL KENTUCKY AREA. 0 0 THE EDA RECRUITS NEW INDUSTRY TO BOWLING GREEN/WARREN COUNTY AND RETAIN EXISTING BUSINESSES. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 1 4 0 0 0 0 0 0 0 0 0 0 X 16 16 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X THE ORGANIZATION 2707813200 710 COLLEGE STREET BOWLING GREEN KY 42101 X RON BUNCH CEO 10.00 X X 0 0 0 BRAD HOWARD DIRECTOR 1.00 X 0 0 0 GREG BURRELL DIRECTOR 1.00 X 0 0 0 DANNY BERTOTTI DIRECTOR 1.00 X 0 0 0 KIM THOMAS DIRECTOR 1.00 X 0 0 0 ALEX DOWNING DIRECTOR 1.00 X 0 0 0 CLAY PENDLETON DIRECTOR 1.00 X 0 0 0 CHRIS HIGGINS DIRECTOR 1.00 X 0 0 0 MICHAEL MURPHY DIRECTOR 1.00 X 0 0 0 ALEX NOTTMEIER DIRECTOR 1.00 X 0 0 0 ANN PUCKETT DIRECTOR 1.00 X 0 0 0 TRAVIS KELLER DIRECTOR 1.00 X 0 0 0 GAINES PENN DIRECTOR 1.00 X 0 0 0 BRENT CHILDERS DIRECTOR 1.00 X 0 0 0 BRIAN MEFFORD DIRECTOR 1.00 X 0 0 0 TODD MATTHEWS CHAIR 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 187500 187500 RENTAL INCOME 532000 764634 764634 764634 147844 147844 MISCELLANEOUS REVENUE 531390 72550 72550 72550 1172528 72550 0 912478 535000 18450 28137 188171 57 157365 8573 PROPERTY TAXES 87440 MISCELLANEOUS 788 1023981 4693230 4527478 3047076 3532339 10404 5208 169620 169620 34044 30580 5467433 4824802 798901 642631 1095 0 8754370 8907856 6485 7339 0 4085 6485 11424 X 8701930 8851148 45955 45284 8747885 8896432 8754370 8907856 148547 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 257518 257518 5208441 4823328 385113 1474 1474 0 642631 DUE TO AFFLIATED ENTITY 4085 4085 X 1172528 0 1172528 0 1172528 1023981 0 1023981 0 1023981 PART X, LINE 2: UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, THE AUTHORITY IS EXEMPT FROM TAXES ON INCOME. THE AUTHORITY UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2024 AND 2023, THE AUTHORITY HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. TRUIST FKA BB&T BANK BANKING EDA DIRECTOR CLAY PENDLETON IS AN OFFICER WITH TRUIST FKA BB&T BANK. THE AUTHORITY HAS ARMS-LENGTH BANKING RELATIONSHIPS WITH THE BANK. 0 INDEPENDENCE BANK BANKING EDA DIRECTOR BRAD HOWARD IS AN OFFICER WITH INDEPENDENCE BANK. THE AUTHORITY HAS ARMS-LENGTH BANKING RELATIONSHIPS WITH THE BANK. 0 GERMAN AMERICAN BANK BANKING EDA DIRECTOR KIM THOMAS IS AN OFFICER WITH GERMAN AMERICAN BANK. THE AUTHORITY HAS ARMS-LENGTH BANKING RELATIONSHIPS WITH THE BANK. 0 0 FORM 990, PART VI, SECTION A, LINE 2 VARIOUS MEMBERS OF THE AUTHORITY ARE BANKING OFFICERS WITH FINANCIAL INSTITUTIONS WITHIN THE COMMUNITY. AS SUCH, IT CAN BE COMMONLY EXPECTED THAT THE FINANCIAL INSTITUTIONS HAVE PROFESSIONAL RELATIONSHIPS WITH BUSINESS OWNERS WHO ALSO SERVE AS BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 3 THE AUTHORITY CONTRACTS WITH THE BOWLING GREEN CHAMBER OF COMMERCE TO PROVIDE ALL ADMINISTRATIVE AND MANAGEMENT SERVICES. FORM 990, PART VI, SECTION B, LINE 11B PRELIMINARY DRAFT OF 990 IS REVIEWED BY ORGANIZATION PRIOR TO FILING WITH INTERNAL REVENUE SERVICE FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION DIRECTORS ARE REQUIRED TO SIGN CONFLICT OF INTEREST DISCLOSURES UPON BECOMING A DIRECTOR. IN ADDITION, EVERY DIRECTOR IS REQUIRED TO UPDATE DISCLOSURE ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATIONAL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST BOWLING GREEN AREA CHAMBER OF COMMERCE 710 COLLEGE STREET BOWLING GREEN KY 42102 610139152 PROVIDES MANAGEMENT, MARKETING AND CLERICAL SERVICES KY 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 BOWLING GREEN AREA CHAMBER OF COMMERCE M 535000 CASH AND RECEIVABLE