Civic Intelligence

El Dorado Development Corporation

EIN 23-7413915 • 501(c)6 • El Dorado, AR

Profile

To promote and facilitate economic development in el dorado and union county, arkansas.

P O Box 10836El Dorado, AR 71730

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

27th percentile

0.00x

Higher debt load relative to assets than 27% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

35th percentile

0.01x

Higher debt load relative to revenue than 35% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2022

Net Margin

99th percentile

79%

Higher net margin than 99% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

49th percentile

3.4%

Faster asset growth than 49% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2022

Revenue Growth

4th percentile

-32%

Faster revenue growth than 4% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2022

Assets

Up

$888,629

Up $57,170 (+6.9%) from 2020

Liabilities

Down

$685

Down $3,898 (-85%) from 2020

Net Assets

Up

$887,944

Up $61,068 (+7.4%) from 2020

Revenue

Down

$101,113

Down $120,593 (-54%) from 2020

Expenses

Up

$20,894

Up $4,832 (+30%) from 2020

Net Income

Down

$80,219

Down $125,425 (-61%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2010: $374,350Liabilities 2010: $0Net Assets 2010: $374,3502010Assets 2011: $382,645Liabilities 2011: $0Net Assets 2011: $382,6452011Assets 2012: $389,964Liabilities 2012: $0Net Assets 2012: $389,9642012Assets 2013: $400,610Liabilities 2013: $0Net Assets 2013: $400,6102013Assets 2016: $566,168Liabilities 2016: $885Net Assets 2016: $565,2832016Assets 2020: $831,459Liabilities 2020: $4,583Net Assets 2020: $826,8762020Assets 2022: $888,629Liabilities 2022: $685Net Assets 2022: $887,9442022

Highlighted filing

2022

Assets$888,629
Liabilities$685
Net Assets$887,944

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2010: $21,127Expenses 2010: $20,656Net Income 2010: $4712010Revenue 2011: $20,417Expenses 2011: $12,122Net Income 2011: $8,2952011Revenue 2012: $20,406Expenses 2012: $13,087Net Income 2012: $7,3192012Revenue 2013: $23,004Expenses 2013: $12,358Net Income 2013: $10,6462013Revenue 2016: $162,877Expenses 2016: $7,986Net Income 2016: $154,8912016Revenue 2020: $221,706Expenses 2020: $16,062Net Income 2020: $205,6442020Revenue 2022: $101,113Expenses 2022: $20,894Net Income 2022: $80,2192022

Highlighted filing

2022

Revenue$101,113
Expenses$20,894
Net Income$80,219

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$101,113
Mission and Program Overview

Mission

To promote and facilitate economic development in el dorado and union county, arkansas.

Promote and facilitate economic development in el dorado and union county, arkansas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$521,038$598,347▲ $77,309
Savings and Temporary Cash Investments$188,314$188,451▲ $137
Land, Buildings, and Equipment, Net$101,831$101,831→ $0
Total Assets$811,183$888,629▲ $77,446
Liabilities
Accounts Payable and Accrued Expenses$3,458$685▼ $2,773
Total Liabilities$3,458$685▼ $2,773
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$807,725$887,944▲ $80,219
Total Net Assets Fund Balance$807,725$887,944▲ $80,219
Total Liabilities and Net Assets / Fund Balance$811,183$888,629▲ $77,446

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$101,831$3,600$105,431
Compensation and Service Providers

Board Members and Trustees

NameTitle
Terry NormanBoard Member/chair
Chris HegiBoard Member
David SkinnerBoard Member
Don HaleBoard Member
Floyd M Thomas JrBoard Member
Jeff TeagueBoard Member
Jim MooreBoard Member
John Lowery JrBoard Member
John MilamBoard Member
Matthew J ShepherdBoard Member
Rob RobertsonBoard Member
Robert ReynoldsBoard Member
Scott FifeBoard Member
Bill LutherEx-officio
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$101,032
Other Revenue
$81
Change in Net Assets
$80,219
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,333
Other Expenses$7,561
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$13,333
Other Expenses---$4,550
Insurance---$1,684
Fees for Services Accounting---$685
Fees for Services Legal---$642
Total Functional Expenses$0$0$0$20,894
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
Management duties delegated
No

Governance Explanations

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

Form 990 is made available to each board member for his/her review prior to it being mailed to the irs.

Form 990, Part VI, Section C, Line 19

All organizational documents and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
El Dorado Development Corporation
EIN
23-7413915
Phone
8708636113
Address
P O BOX 10836, EL DORADO, AR 71730

Signing Officer

Name
Terry Norman
Title
Chairman
Phone
8708636113
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Norman
Formed
1956
Legal Domicile
Ar
Voting Board Members
13
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
EMRICH & SCROGGINS LLP CPA'S
Address
920 NORTH JEFFERSON, EL DORADO, AR 71730
Preparer
Stacy D Scroggins CPA
Phone
8708626510
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0920 NORTH JEFFERSON
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-13
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ReturnHeader/ReturnTs02023-11-15T12:19:34-06:00
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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