Form 990 for tax year 2023
Filed by GARLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $965,237
- Total expenses
- $647,481
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $818,689
- Investment income
- $879
- Other revenue
- $145,669
- Total assets, end of year
- $2,596,100
- Total liabilities, end of year
- $506,107
- Net assets or fund balances, end of year
- $2,089,993
- Program services expenses (Part IX)
- $207,611
- Management and general expenses
- $439,870
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $207,611
Program services were 32.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: PLEDGED CAMPAIGN
total $555,080 · related or exempt $555,080
-
2b · Program service revenue: FEES & CONTRACTS GOV AGENCIES
total $250,000 · related or exempt $250,000
-
2c · Program service revenue: OTHER INCOME
total $13,609 · related or exempt $13,609
-
3 · Investment income
total $879 · excluded $879
-
6a · Gross rents
real property $222,467
-
6b · Less rental expenses
real property $76,798
-
6c · Rental income or loss
real property $145,669
-
6d · Net rental income or loss
total $145,669 · excluded $145,669
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $13,500 · program services $13,500
-
12 · Advertising and promotion
total $45,728 · program services $45,728
-
13 · Office expenses
total $1,898 · program services $1,898
-
17 · Travel
total $8,108 · program services $8,108
-
22 · Depreciation, depletion and amortization
total $7,733 · program services $7,733
-
23 · Insurance
total $2,422 · program services $2,422
-
24a · Other expenses: CONTRACT SERVICES
total $439,870 · management and general $439,870
-
24b · Other expenses: UNCOLLECTIBLE PLEDGES
total $98,622 · program services $98,622
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $8,649 · program services $8,649
-
24d · Other expenses: STRATEGIC PLANNING PROG
total $6,627 · program services $6,627
-
24e · All other expenses
total $14,324 · program services $14,324
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $439,765 · end of year $548,171
-
3 · Pledges and grants receivable
beginning of year $10,399 · end of year $288,024
-
4 · Accounts receivable
beginning of year $15,920
-
9 · Prepaid expenses and deferred charges
beginning of year $7,541 · end of year $10,699
-
10a · Land, buildings and equipment: cost or other basis
$2,012,472
-
10b · Land, buildings and equipment: accumulated depreciation
$725,861
-
10c · Land, buildings and equipment, net
beginning of year $1,297,996 · end of year $1,286,611
-
15 · Other assets
beginning of year $498,441 · end of year $462,595
-
17 · Accounts payable and accrued expenses
beginning of year $3,155 · end of year $19,570
-
19 · Deferred revenue
beginning of year $11,100 · end of year $10,000
-
25 · Other liabilities
beginning of year $483,568 · end of year $476,537
-
27 · Net assets without donor restrictions
beginning of year $1,772,239 · end of year $2,089,993
Mission and programs · 2023
Mission
INDUSTRIAL/ECONOMIC DEVELOPMENT
-
ALL PROGRAM SERVICE EXPENSES APPLY TO ECONOMIC DEVELOPMENT OF GARLAND COUNTY, AR. ECONOMIC DEVELOPMENT AND MARKETING IS THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION.
Expenses $81,467
-
PROGRAM SERVICE EXPENSES APPLY TO ECONOMIC DEVELOPMENT OF GARLAND COUNTY,AR. ECONOMIC DEVELOPMENT AND MARKETING ARE THE PRIMARY EXEMPT PURPOSES OF THE ORGANIZATION.
Expenses $126,144
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bill AllisonBILL ALLISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Nancy AndersonDR NANCY ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steve ArrisonSTEVE ARRISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kellie AshlockKELLIE ASHLOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Karol BailesKAROL BAILES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Franklin BassFRANKLIN BASS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Crystal BohannanCRYSTAL BOHANNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bill BurroughBILL BURROUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Alan ClarkALAN CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bruce CozartBRUCE COZART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Scott DewsSCOTT DEWS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
Coreena FetterhoffCOREENA FETTERHOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Betsy GarrettBETSY GARRETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Todd GreenTODD GREEN
PAST CHAIRMA
- Total calculated
- $0
- Hours/week
- 2
-
Brian HillBRIAN HILL
SENIOR COUNC
- Total calculated
- $0
- Hours/week
- 2
-
Kelly HaleKELLY HALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Neal HarringtonNEAL HARRINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rory HerndonRORY HERNDON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gene HigginbothGENE HIGGINBOTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr John HoganDR JOHN HOGAN
PAST CHAIRMA
- Total calculated
- $0
- Hours/week
- 2
-
Marshunda JonesMARSHUNDA JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Karen KitchensKAREN KITCHENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chuck LauniusCHUCK LAUNIUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeff LofgrenJEFF LOFGREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dan MessersmithDAN MESSERSMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James MontgomeryJAMES MONTGOMERY
SENIOR COUNC
- Total calculated
- $0
- Hours/week
- 2
-
Darryl MahoneyDARRYL MAHONEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Pat McCabePAT MCCABE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mac McClanahanMAC MCCLANAHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rick McClureRICK MCCLURE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Richard McGrewRICHARD MCGREW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matt McKeeMATT MCKEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dwayne PrattDWAYNE PRATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Paul RiserPAUL RISER
SENIOR COUNC
- Total calculated
- $0
- Hours/week
- 2
-
Allison RamseyALLISON RAMSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Doug RossDOUG ROSS
CHAIR DESIGN
- Total calculated
- $0
- Hours/week
- 4
-
Kevin SextonKEVIN SEXTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Vince SignorelliVINCE SIGNORELLI
VICE-CHAIRMA
- Total calculated
- $0
- Hours/week
- 4
-
Bryan SmithBRYAN SMITH
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Bryan SmithBRYAN SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Keith SmithKEITH SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Scott SmithSCOTT SMITH
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Forrest SpicherFORREST SPICHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Jerry ThomasDR JERRY THOMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chad TilleryCHAD TILLERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matt TwyfordMATT TWYFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ben VanwagnerBEN VANWAGNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Todd WoerpelTODD WOERPEL
SENIOR COUNC
- Total calculated
- $0
- Hours/week
- 2
-
Stacy WalleySTACY WALLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Les WarrenLES WARREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gary TroutmanGARY TROUTMAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202443189349302879
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