Nonprofit · EIN 61-1125577
TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · COVINGTON, KY 41011
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,521,200 | $3,239,326 | $2,281,874 | $14,430,781 | $5,897,662 | $8,533,119 |
| June 30, 2024 | 990 | $3,868,470 | $2,730,865 | $1,137,605 | $19,403,177 | $12,900,352 | $6,502,825 |
| June 30, 2023 | 990 | $3,967,048 | $2,368,189 | $1,598,859 | $22,520,353 | $17,447,782 | $5,072,571 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,674,346
- Program service revenue
- $0
- Investment income
- $846,854
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $497,500
- Compensation of officers, directors and key employees
- $388,863
- Other salaries and wages
- $822,313
- Salaries, compensation and benefits (total)
- $1,474,746
- Professional fundraising fees
- $0
- Occupancy
- $94,927
- Travel
- $246
- Depreciation
- $23,744
Balance sheet and other
- Total assets, start of year
- $19,403,177
- Total assets, end of year
- $14,430,781
- Total liabilities, end of year
- $5,897,662
- Net assets, end of year
- $8,533,119
- Land, buildings and equipment
- $295,250
- Net assets without donor restrictions
- $8,148,245
- Net assets with donor restrictions
- $384,874
- Gross receipts
- $5,521,200
- Employees
- 18
- Volunteers
- 0
- Year formed
- 1987
- 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 |
|---|---|---|---|---|
| LEE A CRUME | PRESIDENT & CEO Officer | 29 | $380,540 | $15,227 |
| CHRISTINE RUSSELL | VICE PRESIDENT OF STRATEGY Key employee | 6 | $182,011 | $6,560 |
| KIMBERLY ROSSETTI | VICE PRESIDENT OF ECONOMIC Key employee | 34 | $150,865 | $8,100 |
| CHERY BESL | VP OF MARKETING & CUMMINCATIONS Highest-paid employee | 28 | $121,845 | $7,514 |
| ANGELA MULBERRY | VP OF BUSINESS RETENTION Highest-paid employee | 40 | $113,477 | $4,160 |
| DAVID MCALEESE | RESEARCH DIRECTOR Highest-paid employee | 24 | $108,639 | $4,280 |
| ANNA WRIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARY MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE PENDERY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRIS KNOCHELMANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES DRESSMAN | PAST CHAIRMAN Trustee or director | 1 | $0 | $0 |
| JULIE METZGER AUBUCHON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN CARR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CADY SHORT-THOMPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FERNANDO FIGUEROA | DIRECTOR Trustee or director | 1 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIMM LAUTERBACH | DIRECTOR Trustee or director | 1 | $0 |
| GARREN COLVIN | DIRECTOR Trustee or director | 1 | $0 |
| PHILIPPE GARNIER | DIRECTOR Trustee or director | 1 | $0 |
| NORMAND DESMARAIS | SECRETARY Trustee or director, Officer | 1 | $0 |
| ADRIAN HOTHEM | TREASURER Trustee or director, Officer | 1 | $0 |
| BEN BRANDSTETTER | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| CAREY SANDERS | CHAIR Trustee or director, Officer | 1 | $0 |
| TARA HALPIN | DIRECTOR Trustee or director | 1 | $0 |
| JIM HENNING | DIRECTOR Trustee or director | 1 | $0 |
| DAN RUH | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH CHILLO | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD ELWELL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LEE A CRUME | PRESIDENT Officer | 29 | $328,468 | $10,222 |
| CHRISTINE RUSSELL | VICE PRESIDENT OF STRATEGY Officer | 6 | $173,249 | $6,300 |
| KIMBERLY ROSSETTI | VICE PRESIDENT OF ECONOMIC Officer | 34 | $141,665 | $7,150 |
| CHERY BESL | EMPLOYEE Highest-paid employee | 28 | $118,115 | $4,645 |
| ANGELA MULBERRY | EMPLOYEE Highest-paid employee | 40 | $108,652 | $4,000 |
| ROBERT A HEIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARY MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE PENDERY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRIS KNOCHELMANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES DRESSMAN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| RHONDA WHITAKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES PARSONS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CADY SHORT-THOMPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FERNANDO FIGUEROA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIMM LAUTERBACH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARREN COLVIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSEPH MEYER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NORMAND DESMARAIS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ADRIAN HOTHEM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BEN BRANDSTETTER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CAREY SANDERS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TARA HALPIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM HENNING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN MOCKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSEPH CHILLO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD ELWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LEE A CRUME | PRESIDENT Officer | 40 | $328,468 | $10,222 |
| CHRISTINE RUSSELL | VICE PRESIDENT OF STRATEGY Officer | 3 | $173,249 | $6,300 |
| KIMBERLY ROSSETTI | VICE PRESIDENT OF ECONOMIC Officer | 40 | $141,665 | $7,150 |
| CHERYL BESL | EMPLOYEE Highest-paid employee | 32 | $118,115 | $8,124 |
| ANGELA MULBERRY | EMPLOYEE Highest-paid employee | 40 | $108,652 | $4,000 |
| ROBERT A HEIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARY MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE PENDERY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRIS KNOCHELMANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES DRESSMAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RHONDA WHITAKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES PARSONS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS BANTA | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| FERNANDO FIGUEROA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIMM LAUTERBACH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARREN COLVIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NORMAND DESMARAIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADRIAN HOTHEM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BEN BRANDSTETTER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CAREY SANDERS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TOM GUIDUGLI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TARA HALPIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM HENNING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN MOCKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSEPH CHILLO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD ELWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 209 GREENUP ST STE 400, COVINGTON, KY 41011-1756
- Principal officer (990 for 2024)
- LEE CRUME, 209 GREENUP STREET 400, COVINGTON, KY 41011
- Signed the 990
- LEE CRUME, PRESIDENT
- Phone
- (859) 344-0040
- Website
- WWW.NORTHERNKENTUCKYUSA.COM
- Return prepared by
- RUDLER PSC
Mission
BUILD A WORLD-CLASS ECONOMY IN NORTHERN KENTUCKY THROUGH THE EXPANSION OF EXISTING BUSINESSES AND THE CREATION AND ATTRACTION OF HIGH QUALITY, PRIMARY INDUSTRY EMPLOYERS.
Program accomplishments
- PROVISION OF ECONOMIC DEVELOPMENT SERVICES TO BOONE, CAMPBELL AND KENTON COUNTIES AND THE MUNICIPALITIES AND BUSINESS INTERESTS THEREIN COMPRISED OF MARKETING, ATTRACTION, BUSINESS RETENSION & EXPANSION AND ENTREPRENEURIAL SUPPORT ON A REGIONAL, COOPERATIVE AND UNIFIED BASIS.
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
- 61-1125577
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1988
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $14,430,781
- Income (IRS master file)
- $5,521,200
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,521,200 | $3,239,326 | $14,430,781 | XML |
| 990 | June 2024 | $3,868,470 | $2,730,865 | $19,403,177 | IRS |
| 990 | June 2023 | $3,967,048 | $2,368,189 | $22,520,353 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 61-1125577).
Questions about TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION is 61-1125577.
- Is TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1988.
- Are donations to TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION 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 TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION 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 TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION 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 TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names LEE CRUME.
- Who are the officers and directors of TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 27 people; 6 received compensation from the organization, the highest $380,540 (LEE A CRUME, PRESIDENT & CEO).
- How much revenue does TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,521,200, expenses of $3,239,326 and total assets of $14,430,781 at year end.
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