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Nonprofiteer
← ARK-TEX REGIONAL DEVELOPMENT CO INC

Form 990 for tax year 2022

Filed by ARK-TEX REGIONAL DEVELOPMENT CO INC.

Totals

Total revenue
$70,808
Total expenses
$73,320
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$70,416
Investment income
$392
Other revenue
$0
Total assets, end of year
$91,450
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$91,450
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: CHARGES FOR SERVICES

    total $70,416 · related or exempt $70,416

  • 3 · Investment income

    total $392 · excluded $392

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $30,896

  • 9 · Other employee benefits

    total $16,005

  • 11c · Fees: accounting

    total $675

  • 11g · Fees: other

    total $3,834

  • 13 · Office expenses

    total $637

  • 14 · Information technology

    total $1,489

  • 16 · Occupancy

    total $1,016

  • 17 · Travel

    total $1,756

  • 19 · Conferences, conventions and meetings

    total $2,311

  • 24a · Other expenses: INDIRECT COST ALLOCATIO

    total $8,407

  • 24b · Other expenses: UNDERWRITING

    total $3,046

  • 24c · Other expenses: MISCELLANEOUS

    total $2,645

  • 24d · Other expenses: CONTRACTS

    total $603

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $91,263

  • 4 · Accounts receivable

    end of year $187

  • 15 · Other assets

    beginning of year $99,586 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,624

  • 27 · Net assets without donor restrictions

    beginning of year $93,962 · end of year $91,450

Mission and programs · 2022

Mission

THE ARK TEX REGIONAL DEVELOPMENT COMPANY IS ORGANIZED FOR THE PRIMARY PURPOSE AND OBJECTIVE OF FURTHERING THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE MEMBER COUNTIES AND THEIR ENVIRONS BY PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS. THE PRINCIPAL OBJECTIVES OF THE CORPORATION SHALL BE TO BENEFIT THE COMMUNITY BY FOSTERING THE INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF THE AREA.

  • TO FURTHER THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF ITS MEMBER COUNTIES BY PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS IN THE AREA, THROUGH THE PROVISION OF SBA 504 LOANS.

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

Listed in Part VII

  • Michael Malone

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Denis Washington

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Pam Bonds

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lori Yates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Shirk Until 9823

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Freddie Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ld Williamson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Brown 9923-Present

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Brown Until 9823

    EXECUTIVE DIRECTOR (CEO)

    Total calculated
    $136,038
    From this org
    $0
    From related orgs
    $118,572
    Other
    $17,466
    Hours/week
    40

  • Mary Beth Rudel

    EXECUTIVE DIRECTOR

    Total calculated
    $99,785
    From this org
    $0
    From related orgs
    $83,882
    Other
    $15,903
    Hours/week
    40

  • Melinda Tickle

    FINANCE MANAGER

    Total calculated
    $91,751
    From this org
    $0
    From related orgs
    $74,844
    Other
    $16,907
    Hours/week
    40

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
12 August 2024
IRS schema version
2022v5.0
Source object
202442279349301759

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