Tri-County Economic Development Corporation
Build a world-class economy in northern Kentucky through the expansion of existing businesses and the creation and attraction of high quality, primary industry employers.
Tri-County Economic Development Corporation at a glance
In short: Tri-County Economic Development Corporation gave $493K across 6 grants in 2025 (avg $82K), mostly in Kentucky. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $492,500
- +130.9% vs 2024
- Grants made (2025)
- 6
- +200.0% vs 2024
- Average grant
- $82,083
- -23.0% vs 2024
- Median grant
- $56,250
- Total assets
- $14,430,781
- -25.6% vs 2024
- Primary geography
- Kentucky (86% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Tri-County Economic Development Corporation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Northern KY Area Development District ($250K). Together the top 6 received $493K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 11 grants of 17 (65%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Tri-County Economic Development Corporation gives
- Giving grew 816% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $50K (2021) to $515K (2019). In 2025 it made 6 grants totaling $493K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northern KY Area Development District Florence, KY | Business Development | $250,000 |
| Blue North KY Covington, KY | Business Development | $100,000 |
| Northern Kentucky Port Authority Covington, KY | Business Development | $62,500 |
| Redi Cincinnati Cincinnati, OH | Economic Development | $50,000 |
| Adopt-a-Class Cincinnati, OH | Business Development | $20,000 |
| Northern Kentucky Regional Alliance Covington, KY | Business Development | $10,000 |
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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 | $14,430,781 | $5,521,200 | $3,239,326 | $492,500 | 6 | $846,854 |
| 2024 | $19,403,177 | $3,868,470 | $2,730,865 | $213,333 | 2 | $656,623 |
| 2023 | $22,520,353 | $3,967,048 | $2,368,189 | $154,793 | 3 | $132,960 |
| 2022 | $3,479,036 | $3,157,156 | $2,381,999 | $53,750 | 3 | $326,806 |
| 2021 | $3,178,931 | $1,412,054 | $2,028,753 | $49,688 | 3 | $-4,359 |
| 2020 | $3,382,807 | $2,157,929 | $2,361,433 | $93,750 | 3 | $-20,253 |
| 2019 | $3,891,359 | $3,570,200 | $3,167,488 | $515,274 | 7 | $16,269 |
About Tri-County Economic Development Corporation
Based on IRS filings
Tri-County Economic Development Corporation is a public charity focused on Community and economic development, based in Covington, KY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $14.4M in total assets. In 2025, it awarded 6 grants totaling $493K. Net investment income was $847K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Tri-County Economic Development Corporation is led by Lee A. Crume, President & CEO since 2025 (on filings since 2019); 6 of 27 officers listed in 2025 are compensated.
Officers on the 2025 filing
Lee A. Crume
President & CEO
President → President & CEO, 2025
On filings since 2019
29 hrs/week
$180K (2020) → $381K (2025)
Carey Sanders
Chair
Treasurer → Vice Chair, 2024
Vice Chair → Chair, 2025
On filings since 2021
1 hr/week
No compensation reported
David McAleese
Research Director
New on the 2025 filing
24 hrs/week
$109K (2025)
Fernando Figueroa
Director
On filings since 2019
1 hr/week
No compensation reported
Garren Colvin
Director
On filings since 2019
1 hr/week
No compensation reported
Gary Moore
Director
On filings since 2019
1 hr/week
No compensation reported
Kimm Lauterbach
Director
On filings since 2019
1 hr/week
No compensation reported
Kris Knochelmann
Director
On filings since 2019
1 hr/week
No compensation reported
Steve Pendery
Director
On filings since 2019
1 hr/week
No compensation reported
Jim Henning
Director
On filings since 2022
1 hr/week
No compensation reported
Tara Halpin
Director
On filings since 2022
1 hr/week
No compensation reported
Joseph Chillo
Director
On filings since 2023
1 hr/week
No compensation reported
Richard Elwell
Director
On filings since 2023
1 hr/week
No compensation reported
Cady Short-Thompson
Director
On filings since 2024
1 hr/week
No compensation reported
Anna Wright
Director
New on the 2025 filing
1 hr/week
No compensation reported
Brian Carr
Director
New on the 2025 filing
1 hr/week
No compensation reported
Dan Ruh
Director
New on the 2025 filing
1 hr/week
No compensation reported
Julie Metzger Aubuchon
Director
New on the 2025 filing
1 hr/week
No compensation reported
Philippe Garnier
Director
New on the 2025 filing
1 hr/week
No compensation reported
Christine Russell
Vice President of Strategy
On filings since 2021
6 hrs/week
$142K (2021) → $182K (2025)
Kimberly Rossetti
Vice President of Economic
On filings since 2021
34 hrs/week
$117K (2021) → $151K (2025)
Angela Mulberry
Vice President of Business Retention
Employee → Vice President of Business Retention, 2025
On filings since 2023
40 hrs/week
$109K (2023) → $113K (2025)
Chery Besl
Vice President of Marketing & Cummincations
Employee → Vice President of Marketing & Cummincations, 2025
On filings since 2023
28 hrs/week
$118K (2023) → $122K (2025)
James Dressman
Past Chairman
Vice Chair → Chairman, 2024
Chairman → Past Chairman, 2025
On filings since 2019
1 hr/week
No compensation reported
Adrian Hothem
Treasurer
Director → Treasurer, 2025
On filings since 2020
1 hr/week
No compensation reported
Normand Desmarais
Secretary
Director → Secretary, 2024
On filings since 2020
1 hr/week
No compensation reported
Ben Brandstetter
Vice Chair
Secretary → Treasurer, 2024
Treasurer → Vice Chair, 2025
On filings since 2021
1 hr/week
No compensation reported
Former officers (25)
- Former: James Parsons (2019–2024) — Director
- Former: Rhonda Whitaker (2019–2024) — Director
- Former: Robert A. Heil (2019–2024) — Director
- Former: John Mocker (2022–2024) — Director
- Former: Joseph Meyer (2024) — Director
- Former: Thomas Banta (2019–2023) — Director
- Former: Tom Guidugli (2022–2023) — Director
- Former: Ashish Vaidya (2019–2022) — Director
- Former: Candace McGraw (2019–2022) — Director
- Former: Colin Beynon (2019–2022) — Director
- Former: John Hengelbrok (2019–2022) — Director
- Former: John Hawkins (2019–2021) — Director
- Former: Karen Finan (2019–2021) — Director
- Former: Johnna Reeder Kleymer (2021) — Director
- Former: Jude Hehman (2021) — Director
- Former: Lewis Diaz (2021) — Director
- Former: Aaron Bludworth (2019–2020) — Secretary
- Former: Daniel Tobergte (2019–2020) — Former President
- Former: Greg Meyers (2019–2020) — Director
- Former: Kimberly Halbauer (2019–2020) — Treasurer
- Former: Robert Barach (2019–2020) — Employee
- Former: Andrew Hawking (2019) — Director
- Former: Charles L. Session (2019) — Director
- Former: Jane Garvey (2019) — Director
- Former: Wade Williams (2019) — Employee
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 $381K, to Lee a Crume (President & CEO). 6 officers or directors reported compensation on that filing.
Frequently asked questions about Tri-County Economic Development Corporation
How much does Tri-County Economic Development Corporation give each year?
Tri-County Economic Development Corporation gave $493K across 6 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $213K across 2 grants.
What is Tri-County Economic Development Corporation's typical grant size?
Tri-County Economic Development Corporation's median grant in 2025 was $56,250, and its average grant was $82,083, across 6 grants on its 2025 IRS Form 990.
Where does Tri-County Economic Development Corporation give grants?
Tri-County Economic Development Corporation gives mostly in Kentucky: 86% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest state was Ohio (14%). The most frequent recipient cities were Covington, KY (3 grants) and Cincinnati, OH (2 grants).
Does Tri-County Economic Development Corporation give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Tri-County Economic Development Corporation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Business Development" (5 grants).
Who are Tri-County Economic Development Corporation's largest grantees?
Tri-County Economic Development Corporation's largest 2025 grantees include Northern KY Area Development District ($250,000), Blue North KY ($100,000) and Northern Kentucky Port Authority ($62,500), according to its 2025 IRS Form 990. Together they received 84% of its itemized 2025 grant dollars.
How large is Tri-County Economic Development Corporation?
Tri-County Economic Development Corporation reported $14.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $5.5M.
What is Tri-County Economic Development Corporation?
Tri-County Economic Development Corporation is a public charity focused on Community and economic development, based in Covington, KY. It holds $14.4M in total assets as of 2025.
What is Tri-County Economic Development Corporation's EIN?
Tri-County Economic Development Corporation's EIN (Employer Identification Number) is 61-1125577. 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
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS February 28, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS January 13, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS December 20, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS December 9, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS February 28, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 2, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS April 11, 2026)
- IRS filings on file for fiscal years 2019–2025
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