EIN 61-1331125

Paducah Area Community Reuse Organization

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Paducah
Year formed
1998
Most recent tax filings
2024-06-01
NTEE code, primary
Description
Paducah Area Community Reuse Organization is a private foundation located in Paducah, KY. It funds local businesses that were forced to close or modify their operations due to covid-19 mandates. The purpose of the organization is to provide loans with interest to entrepreneurs who will create employment opportunities in the area affected by the closure of the Paducah gaseous diffusion plant. Last year, the organization made seven grants. Grantees include City Of Metropolis and others.
Total revenues
$482,835
2024
20202021202220232024$0$0.2m$0.4m
Total expenses
$457,423
2024
20202021202220232024$0$1m$2m
Total assets
$1,776,263
2024
20202021202220232024$1.5m$1.9m$2.3m
Num. employees
0
2024
2020202120222023202400.51

Program areas at Paducah Area Community Reuse Organization

Interest on loans to entrepreneurs providing employment in Area affected by closure of Paducah gaseous diffusion plant

Grants made by Paducah Area Community Reuse Organization

GranteeGrant descriptionAmount
Paducah Junior CollegeThe Grant Is To Partially Fund the Purchase of Two 12-volt Electrical Training Systems for A New Aviation Maintenance Technology Program.$50,000

Personnel at Paducah Area Community Reuse Organization

NameTitleCompensation
Greg WilesExecutive Director$0

Financials for Paducah Area Community Reuse Organization

RevenuesFYE 06/2024
Total grants, contributions, etc.$419,952
Investment income and dividends$62,487
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$396
Total revenues$482,835

Form 990s for Paducah Area Community Reuse Organization

Fiscal year endingDate received by IRSFormPDF link
2024-062024-11-12990PFView PDF
2023-062023-11-02990PFView PDF
2022-062022-09-27990PFView PDF
2021-062021-10-14990PFView PDF
2020-062021-06-10990PFView PDF
...and 10 more Form 990s

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Data update history
January 23, 2024
Posted financials
Added Form 990PF for fiscal year 2023
January 23, 2024
Updated personnel
Identified 5 new personnel
January 2, 2024
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2022
July 6, 2022
Posted financials
Added Form 990PF for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Community improvementEconomic development
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
Address
1114 Broadway St
Paducah, KY 42001
County
McCracken County, KY
Phone
(270) 575-6633
IRS details
EIN
61-1331125
Fiscal year end
June
Taxreturn type
Form 990-PF
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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