Civic Intelligence

Arkansas Economic Developers And

990 • Fiscal year 2017 • EIN 20-3420562

Jan 01, 2017 to Dec 31, 2017 • Filed on May 31, 2018

1200 West Capitol AvenueLittle Rock, AR 72201

(501) 372-2222

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.08x

Higher debt load relative to assets than 71% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

75th percentile

0.07x

Higher debt load relative to revenue than 75% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

88th percentile

25%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

86th percentile

35%

Faster asset growth than 86% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

71st percentile

12%

Faster revenue growth than 71% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$201,247

Up $52,095 (+35%) from 2016

Net Assets

Up

$185,327

Up $36,175 (+24%) from 2016

Liabilities

Up

$15,920

Up $15,920 from 2016

Revenue

Up

$217,151

Up $22,575 (+12%) from 2016

Expenses

Down

$163,351

Down $4,593 (-2.7%) from 2016

Net Income

Up

$53,800

Up $27,168 (+102%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $16,854Liabilities 2011: $02011Assets 2012: $8,499Liabilities 2012: $02012Assets 2013: $34,011Liabilities 2013: $02013Assets 2014: $20,971Liabilities 2014: $02014Assets 2015: $113,972Liabilities 2015: $21,608Net Assets 2015: $92,3642015Assets 2016: $149,152Liabilities 2016: $0Net Assets 2016: $149,1522016Assets 2017: $201,247Liabilities 2017: $15,920Net Assets 2017: $185,3272017Assets 2018: $268,258Liabilities 2018: $32,550Net Assets 2018: $235,7082018Assets 2019: $341,970Liabilities 2019: $37,395Net Assets 2019: $304,5752019Assets 2020: $325,100Liabilities 2020: $25,035Net Assets 2020: $300,0652020Assets 2021: $395,303Liabilities 2021: $24,124Net Assets 2021: $371,1792021Assets 2022: $405,551Liabilities 2022: $5,423Net Assets 2022: $400,1282022Assets 2023: $432,313Liabilities 2023: $5,423Net Assets 2023: $426,8902023Assets 2024: $525,772Liabilities 2024: $5,423Net Assets 2024: $520,3492024

Highlighted filing

2017

Assets$201,247
Liabilities$15,920
Net Assets$185,327

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $129,865Expenses 2011: $117,900Net Income 2011: $11,9652011Revenue 2012: $129,682Expenses 2012: $126,072Net Income 2012: $3,6102012Revenue 2013: $99,875Expenses 2013: $74,363Net Income 2013: $25,5122013Revenue 2014: $83,160Expenses 2014: $96,200Net Income 2014: -$13,0402014Revenue 2015: $107,234Expenses 2015: $175,936Net Income 2015: -$68,7022015Revenue 2016: $194,576Expenses 2016: $167,944Net Income 2016: $26,6322016Revenue 2017: $217,151Expenses 2017: $163,351Net Income 2017: $53,8002017Revenue 2018: $207,326Expenses 2018: $157,291Net Income 2018: $50,0352018Revenue 2019: $223,517Expenses 2019: $154,304Net Income 2019: $69,2132019Revenue 2020: $148,825Expenses 2020: $153,335Net Income 2020: -$4,5102020Revenue 2021: $257,476Expenses 2021: $186,362Net Income 2021: $71,1142021Revenue 2022: $294,211Expenses 2022: $265,262Net Income 2022: $28,9492022Revenue 2023: $258,602Expenses 2023: $231,840Net Income 2023: $26,7622023Revenue 2024: $264,199Expenses 2024: $170,740Net Income 2024: $93,4592024

Highlighted filing

2017

Revenue$217,151
Expenses$163,351
Net Income$53,800
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 31, 2018
Return Version
2017v2.2
Gross Receipts
$217,151
Mission and Program Overview

Mission

Education and professional development of the members of the organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$149,152$201,247▲ $52,095
Total Assets$149,152$201,247▲ $52,095
Liabilities
Other Liabilities$0$15,920▲ $15,920
Total Liabilities$0$15,920▲ $15,920
Net Assets / Fund Balance
Unrestricted Net Assets$149,152$185,327▲ $36,175
Total Net Assets Fund Balance$149,152$185,327▲ $36,175
Total Liabilities and Net Assets / Fund Balance$149,152$201,247▲ $52,095
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joe BaileyImmediate Past President
Sue McgowanPresident
Mike Harvey1st Vice President
Tim Allen2nd Vice President
Brad LacyBoard Member
Cammie HambriceBoard Member
Chris CliftonBoard Member
Crystal JohnsonBoard Member
Jd LoweryBoard Member
Jeff PipkinBoard Member
Nita McdanielBoard Member
Perry WebbBoard Member
Raymond BurnsBoard Member
Travis StephensBoard Member
Ivey OwenEx-officio Board Member
Mike PrestonEx-officio Board Member
Randy ZookEx-officio Board Member
Shelley ShortExecutive Secretary
Katherine HolmstromSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$161,671
Program Service Revenue
$50,580
Investment Income
$0
Other Revenue
$4,900
All Other Contributions
$79,957
Change in Net Assets
$53,800
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$64,486
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$98,865--$98,865
Occupancy$39,996--$39,996
Fees for Services Legal-$7,545-$7,545
Fees for Services Accounting-$6,586-$6,586
Conferences and Meetings$5,764--$5,764
Office Expenses-$2,592-$2,592
Advertising$1,003--$1,003
Other Expenses-$1,000-$1,000
Total Functional Expenses$145,628$17,723$0$163,351
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Memberships and Sponsorships$15,920
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization is comprised of members and the membership meets annually.

Form 990, Part VI, Section A, Line 7A

The board is elected annually by the membership at the annual membership meeting. The by-laws of the organization give the elected board the authority to govern the organization.

Form 990, Part VI, Section A, Line 7B

The by-laws are approved by the membership and any changes to the by-laws require a majority approval by the full membership. The by-laws cannot be changed or modified by the board.

Form 990, Part VI, Section B, Line 11B

A draft copy of the form 990 will be reviewed by the executive secretary and the board officers and members prior to filing with the irs.

Form 990, Part VI, Section B, Line 12

Effective on may 21, 2018, the organization adopted a records retention policy, a whistleblower policy, and a conflict of interest policy.

Form 990, Part VI, Section C, Line 19

Forms 990 and any other required documents are available at the organization's office and will be made available upon request. Additionally, the 990 will be available on various websites such as guidestar after filing with the irs.

Filing and Contact Details

Filer

Filer Name
Arkansas Economic Developers and
EIN
20-3420562
Phone
5013722222
Address
1200 WEST CAPITOL AVENUE, LITTLE ROCK, AR 72201

Signing Officer

Name
Sue Mcgowan
Title
President
Phone
5013722222
Signed
2018-05-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sue Mcgowan
Formed
2004
Legal Domicile
Ar
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Beall Barclay & Company Plc
Address
P O BOX 10148, FORT SMITH, AR 72917-0148
Preparer
Deana a Infield
Phone
4794845740
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Prior year accrual to cash adjustment -17,625.

Raw XML Appendix399 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt050580
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt050580
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0130525
IRS990/PYContributionsGrantsAmt0119161
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt037419
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt075415
IRS990/PYRevenuesLessExpensesAmt026632
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0167944
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0194576
IRS990/ReconcilationRevenueExpnssAmt053800
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015920
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID MEMBERSHIPS AND SPONSORSHIPS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt015920
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS COMPRISED OF MEMBERS AND THE MEMBERSHIP MEETS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD IS ELECTED ANNUALLY BY THE MEMBERSHIP AT THE ANNUAL MEMBERSHIP MEETING. THE BY-LAWS OF THE ORGANIZATION GIVE THE ELECTED BOARD THE AUTHORITY TO GOVERN THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BY-LAWS ARE APPROVED BY THE MEMBERSHIP AND ANY CHANGES TO THE BY-LAWS REQUIRE A MAJORITY APPROVAL BY THE FULL MEMBERSHIP. THE BY-LAWS CANNOT BE CHANGED OR MODIFIED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT COPY OF THE FORM 990 WILL BE REVIEWED BY THE EXECUTIVE SECRETARY AND THE BOARD OFFICERS AND MEMBERS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EFFECTIVE ON MAY 21, 2018, THE ORGANIZATION ADOPTED A RECORDS RETENTION POLICY, A WHISTLEBLOWER POLICY, AND A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORMS 990 AND ANY OTHER REQUIRED DOCUMENTS ARE AVAILABLE AT THE ORGANIZATION'S OFFICE AND WILL BE MADE AVAILABLE UPON REQUEST. ADDITIONALLY, THE 990 WILL BE AVAILABLE ON VARIOUS WEBSITES SUCH AS GUIDESTAR AFTER FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PRIOR YEAR ACCRUAL TO CASH ADJUSTMENT -17,625.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AR
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0149152
IRS990/TotalAssetsEOYAmt0201247
IRS990/TotalAssetsGrp/BOYAmt0149152
IRS990/TotalAssetsGrp/EOYAmt0201247
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0161671
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017723
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0145628
IRS990/TotalFunctionalExpensesGrp/TotalAmt0163351
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt015920
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt015920
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0149152
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0185327
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0145628
IRS990/TotalProgramServiceRevenueAmt050580
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04900
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt050580
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0217151
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0149152
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0201247
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0149152
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0185327
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01200 WEST CAPITOL AVENUE
IRS990/USAddress/CityNm0LITTLE ROCK
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072201
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.AEDCE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SUE MCGOWAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05013722222
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARKANSAS ECONOMIC DEVELOPERS AND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CHAMBER EXECUTIVES
ReturnHeader/Filer/BusinessNameControlTxt0ARKA
ReturnHeader/Filer/EIN0203420562
ReturnHeader/Filer/PhoneNum05013722222
ReturnHeader/Filer/USAddress/AddressLine1Txt01200 WEST CAPITOL AVENUE
ReturnHeader/Filer/USAddress/CityNm0LITTLE ROCK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072201
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId01BD36E7E08A044663D18878163C6E53607386902
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01BD36E7E08A044663D18878163C6E53607386902
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.248.194.80
ReturnHeader/FilingSecurityInformation/IPDt02018-05-31
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm000:00:08
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0710355269
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BEALL BARCLAY & COMPANY PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 10148
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT SMITH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0729170148
ReturnHeader/PreparerPersonGrp/PhoneNum04794845740
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEANA A INFIELD
ReturnHeader/ReturnTs02018-06-04T10:24:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.26$0.05$5.20$2.64$1.71$0.93
2023Detailed filing. Detailed filing data is available for this year.$4.32$0.05$4.27$2.59$2.32$0.27
2022Detailed filing. Detailed filing data is available for this year.$4.06$0.05$4.00$2.94$2.65$0.29
2021Detailed filing. Detailed filing data is available for this year.$3.95$0.24$3.71$2.57$1.86$0.71
2020Detailed filing. Detailed filing data is available for this year.$3.25$0.25$3.00$1.49$1.53$0.05
2019Detailed filing. Detailed filing data is available for this year.$3.42$0.37$3.05$2.24$1.54$0.69
2018Detailed filing. Detailed filing data is available for this year.$2.68$0.33$2.36$2.07$1.57$0.50
2017Detailed filing. Detailed filing data is available for this year.$2.01$0.16$1.85$2.17$1.63$0.54
2016Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.49$1.95$1.68$0.27
2015Detailed filing. Detailed filing data is available for this year.$1.14$0.22$0.92$1.07$1.76$0.69
2014Summary only. Only limited summary data is available for this year.$0.21$0.00$0.83$0.96$0.13
2013Summary only. Only limited summary data is available for this year.$0.34$0.00$1.00$0.74$0.26
2012Summary only. Only limited summary data is available for this year.$0.08$0.00$1.30$1.26$0.04
2011Summary only. Only limited summary data is available for this year.$0.17$0.00$1.30$1.18$0.12