Form 990 for tax year 2022
Filed by ECONOMIC DEVELOPMENT ALLIANCE OF JEFFERSON COUNTY ARKANSAS.
Totals
- Total revenue
- $1,234,298
- Total expenses
- $1,105,733
- Contributions and grants received
- $153,235
- Grants paid
- $0
- Program service revenue
- $834,564
- Investment income
- $246,499
- Other revenue
- $0
- Total assets, end of year
- $8,168,235
- Total liabilities, end of year
- $200,064
- Net assets or fund balances, end of year
- $7,968,171
- Program services expenses (Part IX)
- $493,269
- Management and general expenses
- $612,464
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $493,269
Program services were 44.6% 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.
-
1b · Membership dues
$153,235
-
2a · Program service revenue: MANAGEMENT FEE REVENUE
total $624,204 · related or exempt $624,204
-
2b · Program service revenue: LEASING INCOME
total $93,082 · related or exempt $93,082
-
2c · Program service revenue: BUSINESS EXPO
total $35,329 · related or exempt $35,329
-
2d · Program service revenue: COMMUNITY EVENTS
total $31,024 · related or exempt $31,024
-
2e · Program service revenue: ANNUAL MEETING
total $26,210 · related or exempt $26,210
-
2f · All other program service revenue
total $24,715 · related or exempt $24,715
-
3 · Investment income
total $6,631 · excluded $6,631
-
7a · Gross sales of assets other than inventory
other assets $280,943
-
7b · Less cost or other basis and sales expenses
other assets $41,075
-
7c · Gain or loss
other assets $239,868
-
7d · Net gain or loss
total $239,868 · excluded $239,868
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $262,870 · program services $127,916 · management and general $134,954
-
7 · Other salaries and wages
total $269,177 · program services $130,067 · management and general $139,110
-
9 · Other employee benefits
total $26,393 · program services $19,135 · management and general $7,258
-
10 · Payroll taxes
total $31,716 · program services $14,442 · management and general $17,274
-
11c · Fees: accounting
total $86,472 · management and general $86,472
-
11g · Fees: other
total $14,119 · management and general $14,119
-
12 · Advertising and promotion
total $104,995 · program services $102,456 · management and general $2,539
-
13 · Office expenses
total $17,550 · program services $3,353 · management and general $14,197
-
16 · Occupancy
total $47,670 · program services $10,816 · management and general $36,854
-
17 · Travel
total $15,210 · program services $270 · management and general $14,940
-
19 · Conferences, conventions and meetings
total $10,964 · program services $10,964
-
22 · Depreciation, depletion and amortization
total $45,990 · program services $15,207 · management and general $30,783
-
23 · Insurance
total $56,724 · program services $1,951 · management and general $54,773
-
24a · Other expenses: BAD DEBT
total $37,184 · management and general $37,184
-
24b · Other expenses: COMMUNITY EVENTS
total $25,186 · program services $25,186
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $20,929 · management and general $20,929
-
24d · Other expenses: BUSINESS EXPO
total $14,497 · program services $14,497
-
24e · All other expenses
total $18,087 · program services $17,009 · management and general $1,078
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,993,760 · end of year $2,306,000
-
2 · Savings and temporary cash investments
beginning of year $1,225,508 · end of year $1,129,810
-
4 · Accounts receivable
beginning of year $91,369 · end of year $67,762
-
9 · Prepaid expenses and deferred charges
beginning of year $22,453 · end of year $15,033
-
10a · Land, buildings and equipment: cost or other basis
$1,465,112
-
10b · Land, buildings and equipment: accumulated depreciation
$969,665
-
10c · Land, buildings and equipment, net
beginning of year $524,695 · end of year $495,447
-
13 · Investments: program-related
beginning of year $4,195,258 · end of year $4,154,183
-
17 · Accounts payable and accrued expenses
beginning of year $94,295 · end of year $117,815
-
19 · Deferred revenue
beginning of year $119,144 · end of year $82,249
-
27 · Net assets without donor restrictions
beginning of year $7,839,604 · end of year $7,968,171
Mission and programs · 2022
Mission
COMMUNITY DEVELOPMENT/GROWTH
Activities or mission (Part I)
THE ECONOMIC DEVELOPMENT ALLIANCE OF JEFFERSON COUNTY, ARKANSAS WAS ESTABLISHED TO ENHANCE THE QUALITY OF LIFE, IMPROVE COMMUNITY DEVELOPMENT, SUPPORT ECONOMIC GROWTH, RETAIN, EXPAND, ATTRACT OR CREATE WEALTH, JOBS AND INCREASED ECONOMIC ACTIVITY WITHIN THE COUNTY.
-
TO ENHANCE THE QUALITY OF LIFE, IMPROVE COMMUNITY DEVELOPMENT, SUPPORT ECONOMIC GROWTH, RETAIN, EXPAND, ATTRACT OR CREATE WEALTH, JOBS AND INCREASED ECONOMIC ACTIVITY WITHIN THE COUNTY.
Expenses $493,269 · Revenue $834,564
As filed on the 2022 return.
Listed in Part VII
-
DAVID BECK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
MARC OUDIN JR
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0
-
TIM DEJARNETTE
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0
-
LAURENCE B ALEXANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
DUKE FAKOURI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
BECKY SIMPSON
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
FORD TROTTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
BRYAN ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
CHAD PITILLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
JOHN LAWSON
EX-OFFICIO DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
JEFF VANDERPOOL
EX-OFFICIO DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
ALLISON JH THOMPSON
PRESIDENT/CEO
- Total calculated
- $262,870
- From this org
- $241,467
- From related orgs
- $0
- Other
- $21,403
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $241,467
- Bonus
- $0
- Other
- $0
- Deferred
- $14,367
- Nontaxable benefits
- $7,036
- Filer's total
- $262,870
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
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
- 9 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303189349312650
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