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KENTUCKY HIGHLANDS INVESTMENT CORP

EIN: 61-0673339London, KYZIP: 407431738
501(c)(4)

Mission

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.

Financials

YearRevenueExpensesAssets
2023$20.3M$0$136.3M
2022$8M$0$134.6M

Compensation

2023

JERRY RICKETT
President/ceo
chief executive officer
$345,050
$115,050
$22,615
$557,519
BRENDA MCDANIEL
Exec. Vice President/cfo
chief executive officer
$341,726
$105,759
$10,782
$534,521
MARK BOLINGER
Vice President of Business
vice president
$213,750
$54,719
$1,071
$335,311
RUBY ADAMS
Secretary
secretary (operational)
$0
$0
$0
$113,099
WILLIAM SINGLETON
Director
board member
$0
$0
$0
$12,700
RICHARD FOLEY
Director
board member
$0
$0
$0
$4,450
GREENE KEITH
Director
board member
$0
$0
$0
$4,450
SERENA STRATTON
Director
board member
$0
$0
$0
$4,450
BILL BERTRAM
Director
board member
$0
$0
$0
$4,000
SAMUEL BROWN
Director
board member
$0
$0
$0
$4,000
JANE CARTER
Director
board member
$0
$0
$0
$4,000
CLARENCE BO GREEN
Director
board member
$0
$0
$0
$3,750
WILLIAM SMITH
Director
board member
$0
$0
$0
$3,650
LONNIE RILEY
Director
board member
$0
$0
$0
$3,550
GAYLE HOUSE
Director
board member
$0
$0
$0
$2,950
PAULA LITTLE
Director
board member
$0
$0
$0
$2,600
JENNIFER JONES
Director
board member
$0
$0
$0
$1,950
AMY ELLIS
Director
board member
$0
$0
$0
$0

2022

JERRY RICKETT
President/CEO
chief executive officer
$345,050
$109,464
$19,259
$542,766
BRENDA MCDANIEL
Exec. Vice President/CFO
chief executive officer
$325,453
$99,964
$7,852
$503,682
MARK BOLINGER
Vice President of Business
vice president
$197,917
$51,535
$1,071
$311,730
MICHAEL HAYES
Special Projects COOrdinat
highest compensated employee
$160,042
$28,601
$4,209
$245,789
EDGAR DAVIS
Business Development Speci
highest compensated employee
$130,690
$27,205
$1,685
$206,822
RUBY ADAMS
Secretary
secretary (operational)
$0
$0
$0
$95,460
WILLIAM SINGLETON
Director
board member
$0
$0
$0
$12,000
BILL BERTRAM
Director
board member
$0
$0
$0
$3,850
SERENA STRATTON
Director
board member
$0
$0
$0
$3,850
LONNIE RILEY
Director
board member
$0
$0
$0
$3,850
MARY PURKEY
Director
board member
$0
$0
$0
$3,850
GREENE KEITH
Director
board member
$0
$0
$0
$3,850
JANE CARTER
Director
board member
$0
$0
$0
$3,850
SAMUEL BROWN
Director
board member
$0
$0
$0
$3,500
WILLIAM SMITH
Director
board member
$0
$0
$0
$3,500
RICHARD FOLEY
Director
board member
$0
$0
$0
$3,500
PAULA LITTLE
Director
board member
$0
$0
$0
$3,150
CLARENCE BO GREEN
Director
board member
$0
$0
$0
$3,150
JENNIFER JONES
Director
board member
$0
$0
$0
$3,150

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Learn more

Data from IRS Form 990 filings (2022-2023).