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Nonprofiteer
← NORTHWEST ARKANSAS ECONOMIC DEVELOPMENT DISTRICT INC

Form 990 for tax year 2022

Filed by NORTHWEST ARKANSAS ECONOMIC DEVELOPMENT DISTRICT INC.

Totals

Total revenue
$5,891,073
Total expenses
$4,997,311
Contributions and grants received
$5,062,255
Grants paid
$0
Program service revenue
$537,778
Investment income
$18,982
Other revenue
$272,058
Total assets, end of year
$5,054,420
Total liabilities, end of year
$880,259
Net assets or fund balances, end of year
$4,174,161
Program services expenses (Part IX)
$4,865,461
Management and general expenses
$131,850
Fundraising expenses
$0
Program service expenses (Part III)
$4,865,461

Program services were 97.4% 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.

  • 1e · Government grants (contributions)

    $4,591,419

  • 1f · All other contributions, gifts and grants

    $470,836

  • 1g · Noncash contributions included above

    $362,516

  • 2a · Program service revenue: PROGRAM ACTIVITIES

    total $537,778 · related or exempt $537,778

  • 3 · Investment income

    total $5,699 · excluded $5,699

  • 6a · Gross rents

    real property $45,327

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $45,327

  • 6d · Net rental income or loss

    total $45,327 · related or exempt $45,327

  • 7a · Gross sales of assets other than inventory

    other assets $13,806

  • 7b · Less cost or other basis and sales expenses

    other assets $523

  • 7c · Gain or loss

    other assets $13,283

  • 7d · Net gain or loss

    total $13,283 · related or exempt $13,283

  • 11a · Other revenue: OTHER REVENUES

    total $226,731 · related or exempt $226,731

  • 11e · Other revenue, total

    $226,731

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $118,200 · program services $59,100 · management and general $59,100

  • 7 · Other salaries and wages

    total $2,145,080 · program services $2,129,374 · management and general $15,706

  • 9 · Other employee benefits

    total $284,714 · program services $248,657 · management and general $36,057

  • 10 · Payroll taxes

    total $192,707 · program services $178,402 · management and general $14,305

  • 11b · Fees: legal

    total $18,571 · program services $18,571

  • 11c · Fees: accounting

    total $42,032 · program services $42,032

  • 11g · Fees: other

    total $51,799 · program services $51,799

  • 12 · Advertising and promotion

    total $20,272 · program services $19,470 · management and general $802

  • 16 · Occupancy

    total $132,856 · program services $132,271 · management and general $585

  • 17 · Travel

    total $11,201 · program services $10,406 · management and general $795

  • 19 · Conferences, conventions and meetings

    total $6,132 · program services $6,132

  • 20 · Interest

    total $1,837 · program services $1,837

  • 22 · Depreciation, depletion and amortization

    total $259,699 · program services $258,579 · management and general $1,120

  • 23 · Insurance

    total $166,231 · program services $166,231

  • 24a · Other expenses: SUPPORT SERVICES

    total $387,172 · program services $387,172

  • 24b · Other expenses: MISCELLANEOUS

    total $266,819 · program services $266,819

  • 24c · Other expenses: TRAINING

    total $251,039 · program services $250,577 · management and general $462

  • 24d · Other expenses: TRANSPORTATION

    total $190,376 · program services $189,971 · management and general $405

  • 24e · All other expenses

    total $450,574 · program services $448,061 · management and general $2,513

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,171,763 · end of year $2,599,604

  • 4 · Accounts receivable

    beginning of year $519,250 · end of year $797,472

  • 9 · Prepaid expenses and deferred charges

    beginning of year $83,769 · end of year $88,420

  • 10a · Land, buildings and equipment: cost or other basis

    $4,721,190

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,152,266

  • 10c · Land, buildings and equipment, net

    beginning of year $1,328,868 · end of year $1,568,924

  • 17 · Accounts payable and accrued expenses

    beginning of year $301,644 · end of year $348,531

  • 24 · Unsecured notes and loans payable

    beginning of year $17,801 · end of year $27,922

  • 25 · Other liabilities

    beginning of year $503,806 · end of year $503,806

  • 27 · Net assets without donor restrictions

    beginning of year $3,280,399 · end of year $4,174,161

Mission and programs · 2022

Mission

TO AFFORD LOCAL GOVERNMENTS AND CITIZENS A REGIONAL FORUM TO IDENTIFY ISSUES AND OPPORTUNITIES AND TO PROVIDE LEADERSHIP IN PLANNING AND IMPLEMENTING PROGRAMS TO IMPROVE THE QUALITY OF LIFE IN OUR DISTRICT.

Activities or mission (Part I)

IDENTIFY ECONOMIC DEVELOPMENT OPPORTUNITIES FOR THE DISTRICT'S CONSTITUENCY, OPERATE GOVERNMENTAL PROGRAMS THAT BENEFIT THE NORTHWEST ARKANSAS REGION, AND MANAGE PUBLIC GRANTS AND FUNDS.

  • NWAEDD PROVIDES A VARIETY OF SERVICE OFFERINGS, WITH THE TOP THREE BEING ITS TRANSPORTATION DIVISION THROUGH NORTH ARKANSAS TRANSPORTATION SERVICES (NATS), ITS WORKFORCE DIVISION FUNDED THROUGH THE WORKFORCE INNOVATION & OPPORTUNITY ACT (WIOA), AND ITS COMMUNITY DEVELOPMENT DIVISION. NATS PROVIDES A MYRIAD OF TRANSPORTATION SOLUTIONS TO ITS PASSENGERS SUCH AS DEMAND RESPONSE ROUTES, DEVIATED FIXED ROUTES, AND COMMUTER ROUTES. THE WIOA PROGRAM ACCOMMODATES ITS PARTICIPANTS THROUGH EDUCATIONAL & JOB SKILL TRAINING OPPORTUNITIES FOR DISADVANTAGED YOUTH, DISADVANTAGED ADULTS, AND DISLOCATED WORKERS THAT POSITIONS THEM TO ADVANCE THEIR CAREERS. THE COMMUNITY DEVELOPMENT DIVISION SEEKS OUT, APPLIES FOR, AND ADMINISTERS GRANTS ON BEHALF OF ITS MEMBER CITY & COUNTY GOVERNMENTS.

    Expenses $4,865,461 · Revenue $823,119

As filed on the 2022 return.

Listed in Part VII

  • FRANK WEAVER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • DOUG SPROUSE

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • BILL WITTY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JACKIE CRABTREE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MICKEY PENDERGRASS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HILLREY ADAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BARRY MOEHRING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PETER CHRISTIE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT HATHAWAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JERRY JACKSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RONDA GRIFFIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TIM MCKINNEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT BERRY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NANCY MARSH NIEMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN MASSEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHAWN LANE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAYTON LEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WARREN CAMPBELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAN LARSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NEAL GIBSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JIM HARNESS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHNNY HINCHEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WOODIE METHVIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH WOOD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEVE CLARK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DANIELLE PUGSLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRANDI HOLT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOE WILLIS

    EXECUTIVE DIRECTOR

    Total calculated
    $132,505
    From this org
    $118,200
    From related orgs
    $0
    Other
    $14,305
    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.

Provenance

Return type
form_990
Tax year
2022
Filed
22 August 2023
IRS schema version
2022v5.0
Source object
202342369349300009

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