Form 990 for tax year 2022

Totals

Total revenue

$2,222,532

Total expenses

$3,873,711

Contributions and grants received

$1,846,681

Grants paid

$0

Program service revenue

$374,032

Investment income

$1,819

Other revenue

$0

Total assets, end of year

$856,512

Total liabilities, end of year

$494,862

Net assets or fund balances, end of year

$361,650

Program services expenses (Part IX)

— not reported

Management and general expenses

— not reported

Fundraising expenses

— not reported

Program service expenses (Part III)

$3,873,711

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.

Mission and programs · 2022

• IN 2015, THE COUNCILS THREE-YEAR PLAN WAS UNVEILED WITH THE FOLLOWING GOALS:(1) LEAD THE TRANSITION TO A BEST-OF-CLASS, DEMAND-DRIVEN WORKFORCE MODEL TO INCREASE THE SUPPLY OF APPROPRIATELY SKILLED LABOR. THE COUNCIL WILL PROVIDE ADMINISTRATIVE SUPPORT, RESEARCH, PROMOTION AND STATE LOBBYING FOR THE ON-GOING EFFORTS OF THE EDUCATIONAL EXCELLENCE WORK GROUP. (2) INVEST IN PHYSICAL INFRASTRUCTURE THAT WILL ENABLE SUSTAINABLE LONG-TERM GROWTH AND IMPROVE COMPETIVENESS. THE COUNCIL WILL PARTNER WITH THE NORTHWEST ARKANSAS REGIONAL PLANNING COMMISSION TO INITIATE A MULTI-YEAR EFFORT TO PLAN FOR FUTURE INFRASTURE NEEDS. THE COMMITTEE HAS ACTIVELY BEEN WORKING TO ADD A LOW COST AIRLINE TO XNA IN ORDER TO ADD AFFORDABLE AND ADDITIONAL FLIGHT AVAILABILITY TO THE NORTHWEST ARKANSAS AREA. (3) ENHANCE THE PROACTIVE REGIONAL APPROACH TO ECONOMIC DEVELOPMENT IN NORTHWEST ARKANSAS TO GROW AND ATTRACT TARGETED, CAREER LADDER-JOB OPPORTUNITIES. THE COUNCIL WILL CONTINUE TO PARTNER WITH GROUPS TO ENHANCE THE ENTERPRENEURSHIP CAPACITY OF THE REGION. AS WELL AS SUPPORT THE EMPLOYER RETENSION AND EXPANSION PARTNERSHIP WITH THE LOCAL CHAMBERS OF COMMERCE. (4) CHAMPION PLACEMAKING AND PROVIDE LEADERSHIP, COLLABORATIVE CAPACITY, AND RESOURCE ALIGNMENT TO ENSURE THE REGION REMAINS A VIBRANT, ATTRACTIVE COMMUNITY FOR BUSINESSES AND PEOPLE FOR DECADES TO COME.

  Expenses $3,873,711 · Revenue $374,032

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2022

Filed

14 November 2023

IRS schema version

2022v5.0

Source object

202343199349319519

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