Central Region Innovation and Commercialization Center Inc
Economic development, support entrepreneurial ecosystem building and business development within the central region of Kentucky.
Central Region Innovation and Commercialization Center Inc at a glance
- Total assets
- $154,281
- +66.8% vs 2024
- Revenue (2025)
- $457,941
- +54.2% vs 2024
- Expenses (2025)
- $412,434
- +9.6% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Central Region Innovation and Commercialization Center Inc funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2022 it made 4 grants totaling $35K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Southern Kentucky Bowling Green, KY | Tornado Relief | $12,341 |
| Mayfield-Graves County Tornado Relief Funds Fancy Farm, KY | Tornado Relief | $7,500 |
| Muhlenberg County Long-Term Disaster Recovery Comm Central City, KY | Tornado Relief | $7,500 |
| Hopkins County Long Term Recovery Group - CFWKY Dawson Springs, KY | Tornado Relief | $7,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2025 | $154,281 | $457,941 | $412,434 | — | — |
| 2024 | $92,518 | $297,039 | $376,202 | — | — |
| 2023 | $166,679 | $450,611 | $397,662 | — | — |
| 2022 | $97,349 | $367,467 | $383,631 | $34,841 | 4 |
| 2021 | $113,555 | $190,768 | $259,255 | — | — |
| 2019 | $225,496 | $97,221 | $100,148 | — | — |
About Central Region Innovation and Commercialization Center Inc
Based on IRS filings
Central Region Innovation and Commercialization Center Inc is a public charity focused on Community Improvement & Capacity Building, based in Bowling Green, KY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $154K in total assets.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Central Region Innovation and Commercialization Center Inc is led by William J. Hook, Executive Director on every filing since 2019; 3 of 8 officers listed in 2025 are compensated.
Officers on the 2025 filing
William J. Hook
Executive Director
On filings since 2019
40 hrs/week
$37K (2019) → $38K (2025)
Blaine Ferrell
President
On filings since 2019
1 hr/week
No compensation reported
Lois Hall
Accountant
On filings since 2021
10 hrs/week
$2K (2021) → $955 (2025)
Henry B. Steen
Program Manager
New on the 2025 filing
1 hr/week
$53K (2025)
D. Gaines Penn
Secretary
On filings since 2019
1 hr/week
No compensation reported
Jeremy Jacobs
Board Member
On filings since 2019
1 hr/week
No compensation reported
Richard Callahan
Treasurer
On filings since 2019
1 hr/week
No compensation reported
John Higgins
Board Member
On filings since 2021
1 hr/week
No compensation reported
Former officers (2)
- Former: Ann Mead (2021–2023) — Board Member
- Former: Buddy Steen (2022–2023) — Executive in Residence
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $53K, to Henry B Steen (Program Manager). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Central Region Innovation and Commercialization Center Inc
How large is Central Region Innovation and Commercialization Center Inc?
Central Region Innovation and Commercialization Center Inc reported $154K in total assets on its 2025 IRS Form 990. Its revenue that year was $458K.
What is Central Region Innovation and Commercialization Center Inc?
Central Region Innovation and Commercialization Center Inc is a public charity focused on Community Improvement & Capacity Building, based in Bowling Green, KY. It holds $154K in total assets as of 2025.
Where does Central Region Innovation and Commercialization Center Inc operate?
Central Region Innovation and Commercialization Center Inc has awarded grants in Kentucky.
What is Central Region Innovation and Commercialization Center Inc's EIN?
Central Region Innovation and Commercialization Center Inc's EIN (Employer Identification Number) is 37-1441604. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS March 10, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2021–2024
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