Tri-County Economic Development Corporation logo

Tri-County Economic Development Corporation

Public charity · Grantmaker Covington, KY EIN: 61-1125577 Website
Community and economic developmentEconomic development

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

Community and economic developmentEconomic development
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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2025 grant dollars across all 6 itemized grants.

States

Cities

CovingtonCincinnatiFt MitchellNewportFlorenceFrankfortHighland HeightsLexingtonVilla Hills

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K7 grants2019 3 grants2020 3 grants2021 3 grants2022 3 grants2023 2 grants2024 6 grants2025

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

Northern KY Area Development District: $250KNorthern KY Area DevelopmentDistrict$250KBlue North KY: $100KBlue North KY$100KNorthern Kentucky Port Authority: $63KNorthern Kentucky PortAuthority$63KRedi Cincinnati: $50KRedi Cincinnati$50KAdopt-a-Class: $20KAdopt-a-Class$20KNorthern Kentucky Regional Alliance: $10KNorthern Kentucky RegionalAlliance$10K

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

11<$50K2$50–100K3$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 11 grants of 17 (65%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Northern KY Area Development District Florence, KYBusiness Development$250,000
Blue North KY Covington, KYBusiness Development$100,000
Northern Kentucky Port Authority Covington, KYBusiness Development$62,500
Redi Cincinnati Cincinnati, OHEconomic Development$50,000
Adopt-a-Class Cincinnati, OHBusiness Development$20,000
Northern Kentucky Regional Alliance Covington, KYBusiness Development$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$2M$4M$6M$8M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
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

  1. Updated Form 990 for fiscal year 2019 (received by the IRS February 28, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS January 13, 2021)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS December 20, 2021)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS December 9, 2022)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS February 28, 2024)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS May 2, 2025)
  7. Updated Form 990 for fiscal year 2025 (received by the IRS April 11, 2026)
  8. 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

Lee a Crume — President & CEO: $381KLee a CrumePresident & CEO$381KChristine Russell — Vice President of Strategy: $182KChristine RussellVice President of Strategy$182KKimberly Rossetti — Vice President of Economic: $151KKimberly RossettiVice President of Economic$151KChery Besl — VP of Marketing & Cummincations: $122KChery BeslVP of Marketing & Cummincations$122KAngela Mulberry — VP of Business Retention: $113KAngela MulberryVP of Business Retention$113KDavid McAleese — Research Director: $109KDavid McAleeseResearch Director$109K

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.

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