Civic Intelligence

Harrison Regional Chamber of Commerce

990 • Fiscal year 2014 • EIN 71-0082597

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 20, 2015

621 E RushHarrison, AR 72601

(870) 741-2659

Siviq Scores

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

Liabilities / Assets

66th percentile

0.05x

Higher debt load relative to assets than 66% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

59th percentile

0.01x

Higher debt load relative to revenue than 59% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

42nd percentile

0.2%

Higher net margin than 42% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

48th percentile

1.9%

Faster asset growth than 48% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

22nd percentile

-13%

Faster revenue growth than 22% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Flat

$69,303

Flat from 2014

Net Assets

Flat

$65,940

Flat from 2014

Liabilities

Flat

$3,363

Flat from 2014

Revenue

Flat

$250,612

Flat from 2014

Expenses

Flat

$250,175

Flat from 2014

Net Income

Flat

$437

Flat from 2014

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $41,318Liabilities 2011: $2,191Net Assets 2011: $39,1272011Assets 2012: $46,996Liabilities 2012: $284Net Assets 2012: $46,7122012Assets 2013: $68,034Liabilities 2013: $2,531Net Assets 2013: $65,5032013Assets 2014: $69,303Liabilities 2014: $3,363Net Assets 2014: $65,9402014Assets 2014: $69,303Liabilities 2014: $3,363Net Assets 2014: $65,9402014Assets 2015: $77,296Liabilities 2015: $2,912Net Assets 2015: $74,3842015Assets 2016: $97,117Liabilities 2016: $3,821Net Assets 2016: $93,2962016Assets 2017: $77,650Liabilities 2017: $4,963Net Assets 2017: $72,6872017Assets 2018: $69,809Liabilities 2018: $2,710Net Assets 2018: $67,0992018Assets 2019: $67,390Liabilities 2019: $7,065Net Assets 2019: $60,3252019Assets 2020: $89,681Liabilities 2020: $5,349Net Assets 2020: $84,3322020Assets 2021: $120,190Liabilities 2021: $7,638Net Assets 2021: $112,5522021Assets 2022: $173,081Liabilities 2022: $9,570Net Assets 2022: $163,5112022Assets 2023: $89,149Liabilities 2023: $7,539Net Assets 2023: $81,6102023Assets 2024: $72,931Liabilities 2024: $2,190Net Assets 2024: $70,7412024

Highlighted filing

2014

Assets$69,303
Liabilities$3,363
Net Assets$65,940

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $294,0652011Expenses 2012: $258,8232012Revenue 2013: $288,093Expenses 2013: $268,195Net Income 2013: $19,8982013Revenue 2014: $250,612Expenses 2014: $250,175Net Income 2014: $4372014Revenue 2014: $250,612Expenses 2014: $250,175Net Income 2014: $4372014Revenue 2015: $285,135Expenses 2015: $276,691Net Income 2015: $8,4442015Revenue 2016: $298,312Expenses 2016: $279,400Net Income 2016: $18,9122016Revenue 2017: $287,085Expenses 2017: $307,694Net Income 2017: -$20,6092017Revenue 2018: $263,144Expenses 2018: $268,732Net Income 2018: -$5,5882018Revenue 2019: $290,935Expenses 2019: $297,568Net Income 2019: -$6,6332019Revenue 2020: $292,774Expenses 2020: $267,858Net Income 2020: $24,9162020Revenue 2021: $323,078Expenses 2021: $294,994Net Income 2021: $28,0842021Revenue 2022: $441,073Expenses 2022: $389,046Net Income 2022: $52,0272022Revenue 2023: $384,233Expenses 2023: $466,134Net Income 2023: -$81,9012023Revenue 2024: $349,180Expenses 2024: $360,457Net Income 2024: -$11,2772024

Highlighted filing

2014

Revenue$250,612
Expenses$250,175
Net Income$437
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 20, 2015
Return Version
2014v5.0
Gross Receipts
$250,612
Mission and Program Overview

Mission

COMMUNITY SERVICE

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$38,008$40,102▲ $2,094
Savings and Temporary Cash Investments$26,176$26,286▲ $110
Land, Buildings, and Equipment, Net$3,850$2,915▼ $935
Total Assets$68,034$69,303▲ $1,269
Liabilities
Other Liabilities$2,531$3,363▲ $832
Total Liabilities$2,531$3,363▲ $832
Net Assets / Fund Balance
Unrestricted Net Assets$65,503$65,940▲ $437
Total Net Assets Fund Balance$65,503$65,940▲ $437
Total Liabilities and Net Assets / Fund Balance$68,034$69,303▲ $1,269

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,915$22,619$25,534
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$10,000
Program Service Revenue
$226,969
Investment Income
$110
Other Revenue
$13,533
Change in Net Assets
$437
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$153,711
Salaries, Compensation, and Employee Benefits$96,464
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$47,430$38,807-$86,237
All Other Expenses$29,927$8,085-$38,012
Occupancy$9,346$7,646-$16,992
Other Expenses$10,000--$10,000
Payroll Taxes$4,153$3,398-$7,551
Insurance$5,773--$5,773
Fees for Services Accounting$1,650$1,350-$3,000
Other Employee Benefits$1,472$1,204-$2,676
Advertising$2,058--$2,058
Depreciation Depletion$890$431-$1,321
Fees for Services Legal$557$456-$1,013
Conferences and Meetings$841--$841
Travel$493--$493
Total Functional Expenses$188,798$61,377$0$250,175
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
Payroll Liabilities$3,363
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The officers review the form and discuss it with the board.

Form 990, Page 6, Part VI, Line 12C

Board members are required to disclose any potential conflicts of interest and cannot vote on matters in which there is a conflict of interest. Board members are required to review and acknowledge the code of ethics, which includes the organization's conflict of interest policy on an annual basis.

Form 990, Page 6, Part VI, Line 15A

The board evaluates and approves the president's compensation based on the local economy.

Form 990, Page 6, Part VI, Line 15B

N/A

Form 990, Page 6, Part VI, Line 19

The organization will provide governing documents, the conflict of interest policy, and financial statements to the public upon request.

Filing and Contact Details

Filer

Filer Name
Harrison Regional Chamber of
EIN
71-0082597
Phone
8707412659
Address
621 E RUSH, HARRISON, AR 72601

Signing Officer

Name
Patty Methvin
Title
President
Phone
8707412659
Signed
2015-08-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patty Methvin
Legal Domicile
Ar
Voting Board Members
23
Independent Board Members
23
Employees
4

Preparer

Firm
Stone Financial & Tax Center Pllc
Address
400 N MAIN ST STE 1, HARRISON, AR 72601-4232
Preparer
D Scott Stone CPA
Phone
8707432588
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Program services & expenses consist of chamber of commerce sponsored events, which promote industry, tourism, civic interest, and economic development in the harrison, arkansas area. Output is not quantifiable.

Form 990, Part IX, Line 24E

Ar hot air balloon champ 8,637 0 0 supplies 2,840 2,324 0 annual banquet 4,885 0 0 telephone 2,506 2,051 0 miscellaneous 3,164 0 0 postage 1,446 1,183 0 leadercast expense 2,615 0 0 repairs and maintenance 0 2,527 0 dues and subscriptions 1,954 0 0 membership expenses 1,471 0 0 christmas parade 409 0 0

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IRS990/OtherExpensesGrp/Desc3ECONOMIC DEVELOPMENT EXP
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IRS990/OtherExpensesGrp/ProgramServicesAmt112523
IRS990/OtherExpensesGrp/ProgramServicesAmt211910
IRS990/OtherExpensesGrp/ProgramServicesAmt310000
IRS990/OtherExpensesGrp/TotalAmt049775
IRS990/OtherExpensesGrp/TotalAmt112523
IRS990/OtherExpensesGrp/TotalAmt211910
IRS990/OtherExpensesGrp/TotalAmt310000
IRS990/OtherLiabilitiesGrp/BOYAmt02531
IRS990/OtherLiabilitiesGrp/EOYAmt03363
IRS990/OtherRevenueMiscGrp/BusinessCd0511190
IRS990/OtherRevenueMiscGrp/Desc0GROSS ADVERTISING SALES
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0683
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012850
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1683
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt012850
IRS990/OtherRevenueTotalAmt013533
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt038807
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt047430
IRS990/OtherSalariesAndWagesGrp/TotalAmt086237
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03398
IRS990/PayrollTaxesGrp/ProgramServicesAmt04153
IRS990/PayrollTaxesGrp/TotalAmt07551
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0PATTY METHVIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1CRAWDAD DAYS FESTIVAL
IRS990/ProgramServiceRevenueGrp/Desc2HARRISON BUSINESS LICENSE
IRS990/ProgramServiceRevenueGrp/Desc3ANNUAL BANQUET
IRS990/ProgramServiceRevenueGrp/Desc4ARKANSAS HOT AIR BALLOON
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt099055
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt183717
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211545
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt38520
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt47380
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt099055
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt183717
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211545
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38520
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt47380
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROGRAM SERVICES & EXPENSES CONSIST OF CHAMBER OF COMMERCE SPONSORED EVENTS, WHICH PROMOTE INDUSTRY, TOURISM, CIVIC INTEREST, AND ECONOMIC DEVELOPMENT IN THE HARRISON, ARKANSAS AREA. OUTPUT IS NOT QUANTIFIABLE.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0112477
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt010000
IRS990/PYOtherExpensesAmt0169706
IRS990/PYOtherRevenueAmt017863
IRS990/PYProgramServiceRevenueAmt0260230
IRS990/PYRevenuesLessExpensesAmt019898
IRS990/PYSalariesCompEmpBnftPaidAmt098489
IRS990/PYTotalExpensesAmt0268195
IRS990/PYTotalRevenueAmt0288093
IRS990/ReconcilationRevenueExpnssAmt0437
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt026176
IRS990/SavingsAndTempCashInvstGrp/EOYAmt026286
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02915
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt022619
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt025534
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03363
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02915
IRS990ScheduleD/TotalLiabilityAmt03363
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROGRAM SERVICES & EXPENSES CONSIST OF CHAMBER OF COMMERCE SPONSORED EVENTS, WHICH PROMOTE INDUSTRY, TOURISM, CIVIC INTEREST, AND ECONOMIC DEVELOPMENT IN THE HARRISON, ARKANSAS AREA. OUTPUT IS NOT QUANTIFIABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OFFICERS REVIEW THE FORM AND DISCUSS IT WITH THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST AND CANNOT VOTE ON MATTERS IN WHICH THERE IS A CONFLICT OF INTEREST. BOARD MEMBERS ARE REQUIRED TO REVIEW AND ACKNOWLEDGE THE CODE OF ETHICS, WHICH INCLUDES THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD EVALUATES AND APPROVES THE PRESIDENT'S COMPENSATION BASED ON THE LOCAL ECONOMY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION WILL PROVIDE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AR HOT AIR BALLOON CHAMP 8,637 0 0 SUPPLIES 2,840 2,324 0 ANNUAL BANQUET 4,885 0 0 TELEPHONE 2,506 2,051 0 MISCELLANEOUS 3,164 0 0 POSTAGE 1,446 1,183 0 LEADERCAST EXPENSE 2,615 0 0 REPAIRS AND MAINTENANCE 0 2,527 0 DUES AND SUBSCRIPTIONS 1,954 0 0 MEMBERSHIP EXPENSES 1,471 0 0 CHRISTMAS PARADE 409 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt068034
IRS990/TotalAssetsEOYAmt069303
IRS990/TotalAssetsGrp/BOYAmt068034
IRS990/TotalAssetsGrp/EOYAmt069303
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt010000
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt061377
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0188798
IRS990/TotalFunctionalExpensesGrp/TotalAmt0250175
IRS990/TotalGrossUBIAmt012850
IRS990/TotalLiabilitiesBOYAmt02531
IRS990/TotalLiabilitiesEOYAmt03363
IRS990/TotalLiabilitiesGrp/BOYAmt02531
IRS990/TotalLiabilitiesGrp/EOYAmt03363
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt065503
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt065940
IRS990/TotalOtherProgSrvcExpenseAmt0112477
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt016752
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt016752
IRS990/TotalProgramServiceExpensesAmt0188798
IRS990/TotalProgramServiceRevenueAmt0226969
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0227762
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0250612
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt012850
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt068034
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt069303
IRS990/TravelGrp/ProgramServicesAmt0493
IRS990/TravelGrp/TotalAmt0493
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt065503
IRS990/UnrestrictedNetAssetsGrp/EOYAmt065940
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0621 E RUSH
IRS990/USAddress/CityNm0HARRISON
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072601
IRS990/VotingMembersGoverningBodyCnt023

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.73$0.02$0.71$3.49$3.60$0.11
2023Summary only. Only limited summary data is available for this year.$0.89$0.08$0.82$3.84$4.66$0.82
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$0.10$1.64$4.41$3.89$0.52
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.08$1.13$3.23$2.95$0.28
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.05$0.84$2.93$2.68$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.07$0.60$2.91$2.98$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.03$0.67$2.63$2.69$0.06
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.05$0.73$2.87$3.08$0.21
2016Summary only. Only limited summary data is available for this year.$0.97$0.04$0.93$2.98$2.79$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.77$0.03$0.74$2.85$2.77$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.03$0.66$2.51$2.50$0.00
2014Summary only. Only limited summary data is available for this year.$0.69$0.03$0.66$2.51$2.50$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.68$0.03$0.66$2.88$2.68$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.00$0.47$2.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.02$0.39$2.94