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Filing year 2023

KENTUCKY HIGHLANDS INVESTMENT CORP

London, Kentucky·EIN 61-0673339·4
Total revenue
$20.3M
Total assets
$136.3M
Total expenses
$6.6M
Reported officers
18
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.

Executive compensation, broken down

Form 990 · Schedule J · 17 reported individuals · Filing year 2023

Base salaryBonusOther compensationBenefits
Base salaryBonusOther compensationBenefitsExecutive compensation
$558k
$609k
Exec. Vice President/cfo
$535k
$584k
Vice President of Business
vice president
$335k
$366k
Secretary
secretary (operational)
$113k
$124k
Director
board member
$13k
$14k
Director
board member
$4k
$5k
Director
board member
$4k
$5k
Director
board member
$4k
$5k
Director
board member
$4k
$4k
Director
board member
$4k
$4k
Director
board member
$4k
$4k
Director
board member
$4k
$4k
Director
board member
$4k
$4k
Director
board member
$4k
$4k
Director
board member
$3k
$3k
Director
board member
$3k
$3k
Director
board member
$2k
$2k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Up 3%
from 2022

From $543k in 2022 to $558k in 2023.

$543k
2022
$558k
2023
In today's dollarsEst.
Down 2% in real terms$619k to $609k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

KENTUCKY HIGHLANDS INVESTMENT CORP reported revenue and expenses across 2 filing years.

RevenueExpenses
$8M
$6.4M
2022
$20.3M
$6.6M
2023
Total revenue and total expenses from IRS Form 990 filings.
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