Kentucky Highlands Investment Corp
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.
Kentucky Highlands Investment Corp at a glance
In short: Kentucky Highlands Investment Corp gave $89K across 1 grant in 2025 (avg $89K), mostly in Kentucky. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $88,679
- -54.5% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $88,679
- -54.5% vs 2024
- Median grant
- $88,679
- Total assets
- $136,639,479
- +0.3% vs 2024
- Primary geography
- Kentucky (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Kentucky Highlands Investment Corp funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Kentucky Highlands Real Estate Corporation ($89K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 4 (75%).
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $63K (2020) to $235K (2021). In 2025 it made 1 grant totaling $89K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Kentucky Highlands Real Estate Corporation London, KY | Pass-through grant from jp morgan chase foundation to provide funds for remodeling and improvements to real property located in khic's service area. | $88,679 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $136,639,479 | $8,186,145 | $6,765,518 | $88,679 | 1 | $331,332 |
| 2024 | $136,294,056 | $20,341,978 | $6,595,495 | $194,913 | 1 | $355,265 |
| 2023 | $134,631,395 | $8,002,017 | $6,425,860 | $190,453 | 1 | $133,086 |
| 2022 | $130,461,604 | $9,285,837 | $6,369,098 | — | — | $54,127 |
| 2021 | $130,606,277 | $7,224,218 | $6,011,598 | $234,500 | 1 | $-844,121 |
| 2020 | $98,197,417 | $6,725,781 | $5,178,714 | $62,774 | 1 | $127,283 |
| 2019 | $95,275,266 | $7,385,417 | $5,658,702 | $167,940 | 1 | $-322,576 |
About Kentucky Highlands Investment Corp
Based on IRS filings
Kentucky Highlands Investment Corp is a public charity focused on Economically disadvantaged people, based in London, KY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $136.6M in total assets. In 2025, it awarded 1 grant totaling $89K. Net investment income was $331K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Kentucky Highlands Investment Corp is led by Jerry Rickett, President & CEO on every filing since 2019; 20 of 21 officers listed in 2025 are compensated.
Officers on the 2025 filing
Jerry Rickett
President & CEO
On filings since 2019
40 hrs/week
$449K (2019) → $504K (2025)
Bill Bertram
Director
On filings since 2019
1 hr/week
$4K (2019) → $5K (2025)
Clarence Bo Green
Director
On filings since 2019
1 hr/week
$4K (2019) → $4K (2025)
Gayle House
Director
On filings since 2019
1 hr/week
$3K (2019) → $5K (2025)
Greene Keith
Director
On filings since 2019
1 hr/week
$4K (2019) → $5K (2025)
Jane Carter
Director
On filings since 2019
1 hr/week
$4K (2019) → $5K (2025)
Jennifer Jones
Director
On filings since 2019
10 hrs/week
$3K (2019) → $2K (2025)
Lonnie Riley
Director
On filings since 2019
1 hr/week
$4K (2019) → $4K (2025)
Richard Foley
Director
On filings since 2019
1 hr/week
$4K (2019) → $5K (2025)
Samuel Brown
Director
On filings since 2019
1 hr/week
$1K (2019) → $5K (2025)
Serena Stratton
Director
On filings since 2019
1 hr/week
$3K (2019) → $4K (2025)
William Singleton
Director
On filings since 2019
1 hr/week
$12K (2019) → $13K (2025)
William Smith
Director
On filings since 2019
1 hr/week
$4K (2019) → $4K (2025)
Paula Little
Director
On filings since 2023
1 hr/week
$3K (2023) → $5K (2025)
Amy Ellis
Director
On filings since 2024
1 hr/week
$4K (2025)
Shane Gabbard
Director
New on the 2025 filing
1 hr/week
$3K (2025)
Brenda McDaniel
Executive Vice President & CFO
On filings since 2019
40 hrs/week
$384K (2019) → $476K (2025)
Edgar Davis
Business Development Special
On filings since 2019
40 hrs/week
$142K (2019) → $177K (2025)
Mark Bolinger
Vice President of Business
On filings since 2019
40 hrs/week
$204K (2019) → $284K (2025)
Ruby Adams
Secretary
On filings since 2019
40 hrs/week
$53K (2019) → $66K (2025)
Ray Moncrief
Former Officer
New on the 2025 filing
40 hrs/week
No compensation reported
Former officers (7)
- Former: Mary Purkey (2019–2023) — Director
- Former: Michael Hayes (2019–2023) — Special Projects Coordinator
- Former: Melissa Conn (2019–2022) — Investment Analyst
- Former: Robert Druin (2019–2022) — Director
- Former: Robert Fentress (2019–2022) — Director
- Former: Cindy Bowles (2019–2021) — Controller
- Former: L. Ray Moncrief (2019–2020) — Former Vice President & COO
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 $504K, to Jerry Rickett (President/CEO). 20 officers or directors reported compensation on that filing.
Frequently asked questions about Kentucky Highlands Investment Corp
How much does Kentucky Highlands Investment Corp give each year?
Kentucky Highlands Investment Corp gave $89K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $195K across 1 grant.
How large is Kentucky Highlands Investment Corp?
Kentucky Highlands Investment Corp reported $136.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $8.2M.
What is Kentucky Highlands Investment Corp?
Kentucky Highlands Investment Corp is a public charity focused on Economically disadvantaged people, based in London, KY. It holds $136.6M in total assets as of 2025.
Where does Kentucky Highlands Investment Corp operate?
Kentucky Highlands Investment Corp has awarded grants in Kentucky, Tennessee.
What is Kentucky Highlands Investment Corp's EIN?
Kentucky Highlands Investment Corp's EIN (Employer Identification Number) is 61-0673339. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS February 10, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS February 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS February 2, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS February 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS February 12, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS February 14, 2026)
- IRS filings on file for fiscal years 2019–2025
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