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.
Key facts about Tri-County Economic Development Corporation
In short: Tri-County Economic Development Corporation gave $493K across 6 grants in 2025 (avg $82K), mostly in Kentucky. Source: 2025 IRS Form 990.
- EIN
- 61-1125577
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $492,500
- Grants made (2025)
- 6
- Average grant
- $82,083
- Median grant
- $56,250
- Total assets
- $14,430,781
- Primary geography
- Kentucky (86% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$14.4M
-25.6% YoY
Annual Giving
$493K
+130.9% YoY
Grant Count
6
+200.0% YoY
Avg Grant Size
$82K
-23.0% YoY
How Tri-County Economic Development Corporation gives
- Giving grew 816% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
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
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
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.
Grant Insights
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%).
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $14,430,781 | $19,403,177 | $22,520,353 |
| Revenue | $5,521,200 | $3,868,470 | $3,967,048 |
| Expenses | $3,239,326 | $2,730,865 | $2,368,189 |
| Net Investment Income | $846,854 | $656,623 | $132,960 |
Data update history
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
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.
Here's the math on researching Tri-County Economic Development Corporation by hand.
Explore Open Grants
Browse active grant opportunities in Tri-County Economic Development Corporation's focus areas in our free grants database
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More Funders in Kentucky
Tri-County Economic Development Corporation down — hundreds of funders to go?