Nonprofit · EIN 37-1441604
CENTRAL REGION INNOVATION AND COMMERCIALIZATION CENTER INC
Tax-exempt · BOWLING GREEN, KY 42101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $457,941 | $412,434 | $45,507 | $154,281 | $42,825 | $111,456 |
| June 30, 2024 | 990 | $297,039 | $376,202 | -$79,163 | $92,518 | $28,885 | $63,633 |
| June 30, 2023 | 990 | $450,611 | $397,662 | $52,949 | $166,679 | $23,903 | $142,776 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $457,561
- of which government grants
- $429,161
- Program service revenue
- $380
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $85,689
- Other salaries and wages
- $144,713
- Salaries, compensation and benefits (total)
- $232,898
- Professional fundraising fees
- $0
- Program services (functional)
- $412,434
Balance sheet and other
- Total assets, start of year
- $92,518
- Total assets, end of year
- $154,281
- Total liabilities, end of year
- $42,825
- Net assets, end of year
- $111,456
- Gross receipts
- $457,941
- Employees
- 2
- Volunteers
- 41
- Year formed
- 2002
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HENRY B STEEN | PROGRAM MANAGER Trustee or director, Officer | 1 | $52,736 | $16,161 |
| WILLIAM J HOOK | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $38,232 | $11,908 |
| LOIS HALL | ACCOUNTANT Officer | 10 | $955 | $0 |
| BLAINE FERRELL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| D GAINES PENN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD CALLAHAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JEREMY JACOBS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN HIGGINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM J HOOK | EXECUTIVE DIRECTOR Officer | 40 | $36,906 | $11,112 |
| LOIS HALL | ACCOUNTANT Officer | 10 | $1,709 | $0 |
| BLAINE FERRELL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| D GAINES PENN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD CALLAHAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JEREMY JACOBS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN HIGGINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BUDDY STEEN | EXECUTIVE IN RESIDENCE Highest-paid employee | 40 | $97,927 | $29,222 |
| WILLIAM J HOOK | EXECUTIVE DIRECTOR Officer | 40 | $36,917 | $11,165 |
| LOIS HALL | ACCOUNTANT Officer | 10 | $1,170 | $0 |
| BLAINE FERRELL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| D GAINES PENN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD CALLAHAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JEREMY JACOBS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN HIGGINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANN MEAD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2413 NASHVILLE RD STE B8, BOWLING GREEN, KY 42101-4135
- In care of
- % LOIS HALL
- Principal officer (990 for 2024)
- WILLIAM J HOOK, 2413 Nashville Road B8, Bowling Green, KY 42101
- Signed the 990
- WILLIAM J HOOK, EXECUTIVE DIRECTOR
- Phone
- (270) 901-3490
- Website
- HTTPS://CENTRALREGIONICC.COM
- Return prepared by
- Forvis Mazars LLP
Mission
ECONOMIC DEVELOPMENT, SUPPORT ENTREPRENEURIAL ECOSYSTEM BUILDING AND BUSINESS DEVELOPMENT WITHIN THE CENTRAL REGION OF KENTUCKY.
Program accomplishments
- The CRICC assisted entrepreneurs, startup companies, existing businesses and communities by providing the following services at no charge: 1. Supporting entrepreneurs and startups through direct assistance, founder coaching/mentoring, referrals, strategic introductions, and business development programming. 2. Building the regional innovation ecosystem through partnerships, events, peer groups, and public-facing programs that connect entrepreneurs, business leaders, universities, investors, technical talent, and community organizations. 3. Expanding capital access and investor visibility by helping companies prepare for funding conversations, strengthening investor relationships, and increasing the visibility of investable startups in Bowling Green and the surrounding region. In Fiscal Year 24/25, The CRICC conducted 613 meetings with startups, 200+ meetings with strategic partners, hosted 68 events, and welcomed 2,870 event attendees. Client companies reported 11 new businesses created and 67 new jobs created. CRICC clients also attracted $2.01 million in private startup capital investment during the fiscal year. The CRICC's direct support for entrepreneurs included founder coaching, business referrals, strategic introductions, program development, and ecosystem navigation. The CRICC also connected 211 entrepreneurs to subject-matter experts, peer groups, business development resources, public-private partners, and other support organizations.Expenses $412,434 · revenue $380
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 37-1441604
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $154,281
- Income (IRS master file)
- $457,941
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $457,941 | $412,434 | $154,281 | IRS |
| 990 | June 2024 | $297,039 | $376,202 | $92,518 | IRS |
| 990 | June 2023 | $450,611 | $397,662 | $166,679 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-1441604).
Questions about CENTRAL REGION INNOVATION AND COMMERCIALIZATION CENTER INC
- What is the EIN of CENTRAL REGION INNOVATION AND COMMERCIALIZATION CENTER INC?
- The employer identification number (EIN) of CENTRAL REGION INNOVATION AND COMMERCIALIZATION CENTER INC is 37-1441604.
- Is CENTRAL REGION INNOVATION AND COMMERCIALIZATION CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to CENTRAL REGION INNOVATION AND COMMERCIALIZATION CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTRAL REGION INNOVATION AND COMMERCIALIZATION CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CENTRAL REGION INNOVATION AND COMMERCIALIZATION CENTER INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTRAL REGION INNOVATION AND COMMERCIALIZATION CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CENTRAL REGION INNOVATION AND COMMERCIALIZATION CENTER INC?
- The 990 for the year ended June 30, 2025 names WILLIAM J HOOK.
- Who are the officers and directors of CENTRAL REGION INNOVATION AND COMMERCIALIZATION CENTER INC?
- The 990 for the year ended June 30, 2025 lists 8 people; 3 received compensation from the organization, the highest $52,736 (HENRY B STEEN, PROGRAM MANAGER).
- How much revenue does CENTRAL REGION INNOVATION AND COMMERCIALIZATION CENTER INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $457,941, expenses of $412,434 and total assets of $154,281 at year end.
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