Skip to the page content
Your donations
Passes our checks

One East Kentucky Corporation

EIN 47-4557366 · Paintsville, KY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong90 out of 100GovernanceWeak26 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

The exclusive mission of ONE EAST KENTUCKY is to Recruit Industry and Investment JOBSto Eastern Kentucky through the implementation of a 5-Year Economic Development Strategy. ONE EAST KENTUCKY is a 9-County Regional Organization comprised of Private Businesses and local Chambers of Commerce.One East Kentucky is a 501(c)3 non-profit, privately funded regional economic development organization. The nine county area includes: Floyd, Knott, Johnson, Lawrence, Letcher, Magoffin, Martin, Perry and Pike. We are governed by a 13-member board of directors elected by investors of the organization.One East Kentucky champions the economy, markets the region for attraction of new companies, and advocates for economic development on a collective, regional level. The organization began as a partnership of five chambers of commerce Hazard/Perry County Chamber of Commerce, Floyd County Chamber of Commerce, Letcher County Chamber of Commerce, Paintsville/Johnson County Chamber of Commerce and Southeast

Income
$638,724
Spending
$516,981
Spent on programs
100%
Reserves
15.5 months of spending
Largest source of income
donations and private grants, 72%
Employees
4
Highest pay
$143,690, president & ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 90 out of 100. Higher than 75% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 15.5 months of spending.

  • Debt

    20 of 20

    It owes 6% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 19% of income.

  • Income trend

    5 of 15

    Income fell 18% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 26 out of 100. Higher than 3% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    5 of 25

    0 of 19 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $516,981 spent. The exclusive mission of ONE EAST KENTUCKY is to Recruit Industry and Investment JOBSto Eastern Kentucky through the implementation of a 5-Year Economic Development Strategy. ONE EAST KENTUCKY is a 9-County Regional Organization comprised of Private Businesses and local Chambers of Commerce.One East Kentucky is a 501(c)3 non-profit, privately funded regional economic development organization. The nine county area includes: Floyd, Knott, Johnson, Lawrence, Letcher, Magoffin, Martin, Perry and Pike. We are governed by a 13-member board of directors elected by investors of the organization.One East Kentucky champions the economy, markets the region for attraction of new companies, and advocates for economic development on a collective, regional level. The organization began as a partnership of five chambers of commerce Hazard/Perry County Chamber of Commerce, Floyd County Chamber of Commerce, Letcher County Chamber of Commerce, Paintsville/Johnson County Chamber of Commerce and Southeast Kentucky Chamber of Commerce. Eventually, this lead to the creation of a private organization funded by the private businesses and partners in these nine counties.These partners recognized the opportunity to better serve prospective businesses through regional service programs and marketing. Through One East Kentucky, we are proud to coordinate efforts for a greater impact on the economic growth of our region. One East Kentucky works closely with the Kentucky Cabinet for Economic Development, Shaping Our Appalachian Region (SOAR), Southeast Kentucky Economic Development, AEP Kentucky Power and many other organizations to secure new projects for our communities. SOAR's Industrial Development strategy is answered through the implementation of programs at One East Kentucky for our nine counties.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 2016.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.