Civic Intelligence

Jonesboro Economic Development Corp

EIN 71-0586033 • 501(c)4 • Jonesboro, AR

Profile

To encourage and promote the economic development of jonesboro.

PO Box 789Jonesboro, AR 72403

www.jonesborochamber.com/ECONOMIC-DEVE

Siviq Scores

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

Liabilities / Assets

80th percentile

0.43x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

23.73x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2023

Net Margin

6th percentile

-41%

Higher net margin than 6% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

27th percentile

-0.9%

Faster asset growth than 27% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

9th percentile

-26%

Faster revenue growth than 9% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$8,883,527

Down $366,653 (-4.0%) from 2023

Liabilities

Down

$3,736,056

Down $224,053 (-5.7%) from 2023

Net Assets

Down

$5,147,471

Down $142,600 (-2.7%) from 2023

Operations
Liabilities / Revenue99th percentileNet Margin6th percentile

Revenue

Down

$98,511

Down $68,336 (-41%) from 2023

Expenses

Up

$241,111

Up $6,243 (+2.7%) from 2023

Net Income

Down

-$142,600

Down $74,579 (-110%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth27th percentile

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

$10M$5.0M$0Assets 2011: $1,463,356Liabilities 2011: $456,477Net Assets 2011: $1,006,8792011Assets 2012: $1,520,700Liabilities 2012: $156,477Net Assets 2012: $1,364,2232012Assets 2013: $1,784,902Liabilities 2013: $0Net Assets 2013: $1,784,9022013Assets 2014: $2,165,907Liabilities 2014: $0Net Assets 2014: $2,165,9072014Assets 2015: $2,389,769Liabilities 2015: $0Net Assets 2015: $2,389,7692015Assets 2016: $2,509,570Liabilities 2016: $0Net Assets 2016: $2,509,5702016Assets 2017: $2,747,684Liabilities 2017: $0Net Assets 2017: $2,747,6842017Assets 2018: $3,044,050Liabilities 2018: $0Net Assets 2018: $3,044,0502018Assets 2019: $3,384,141Liabilities 2019: $0Net Assets 2019: $3,384,1412019Assets 2020: $4,381,380Liabilities 2020: $0Net Assets 2020: $4,381,3802020Assets 2021: $9,063,864Liabilities 2021: $4,062,205Net Assets 2021: $5,001,6592021Assets 2022: $9,334,493Liabilities 2022: $3,976,402Net Assets 2022: $5,358,0912022Assets 2023: $9,250,180Liabilities 2023: $3,960,109Net Assets 2023: $5,290,0712023Assets 2024: $8,883,527Liabilities 2024: $3,736,056Net Assets 2024: $5,147,4712024

Highlighted filing

2024

Assets$8,883,527
Liabilities$3,736,056
Net Assets$5,147,471
Open 2024 Filing

Operations Trend

Revenue Growth9th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $468,721Expenses 2011: $118,279Net Income 2011: $350,4422011Revenue 2012: $434,080Expenses 2012: $76,736Net Income 2012: $357,3442012Revenue 2013: $523,646Expenses 2013: $102,967Net Income 2013: $420,6792013Revenue 2014: $499,448Expenses 2014: $118,443Net Income 2014: $381,0052014Revenue 2015: $477,343Expenses 2015: $253,481Net Income 2015: $223,8622015Revenue 2016: $570,169Expenses 2016: $450,368Net Income 2016: $119,8012016Revenue 2017: $688,282Expenses 2017: $450,168Net Income 2017: $238,1142017Revenue 2018: $333,606Expenses 2018: $37,240Net Income 2018: $296,3662018Revenue 2019: $591,269Expenses 2019: $251,178Net Income 2019: $340,0912019Revenue 2020: $1,454,956Expenses 2020: $457,717Net Income 2020: $997,2392020Revenue 2021: $927,203Expenses 2021: $306,924Net Income 2021: $620,2792021Revenue 2022: $225,944Expenses 2022: $584,159Net Income 2022: -$358,2152022Revenue 2023: $166,847Expenses 2023: $234,868Net Income 2023: -$68,0212023Revenue 2024: $98,511Expenses 2024: $241,111Net Income 2024: -$142,6002024

Highlighted filing

2024

Revenue$98,511
Expenses$241,111
Net Income-$142,600
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,883,527
Liabilities
$3,736,056
Net assets
$5,147,471
Revenue
$98,511
Expenses
$241,111
Net income
-$142,600
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.88$3.74$5.15$0.10$0.24$0.14
2023Detailed filing. Detailed filing data is available for this year.$9.25$3.96$5.29$0.17$0.23$0.07
2022Detailed filing. Detailed filing data is available for this year.$9.33$3.98$5.36$0.23$0.58$0.36
2021Detailed filing. Detailed filing data is available for this year.$9.06$4.06$5.00$0.93$0.31$0.62
2020Detailed filing. Detailed filing data is available for this year.$4.38$0.00$4.38$1.45$0.46$1.00
2019Detailed filing. Detailed filing data is available for this year.$3.38$0.00$3.38$0.59$0.25$0.34
2018Detailed filing. Detailed filing data is available for this year.$3.04$0.00$3.04$0.33$0.04$0.30
2017Detailed filing. Detailed filing data is available for this year.$2.75$0.00$2.75$0.69$0.45$0.24
2016Summary only. Only limited summary data is available for this year.$2.51$0.00$2.51$0.57$0.45$0.12
2015Summary only. Only limited summary data is available for this year.$2.39$0.00$2.39$0.48$0.25$0.22
2014Summary only. Only limited summary data is available for this year.$2.17$0.00$2.17$0.50$0.12$0.38
2013Summary only. Only limited summary data is available for this year.$1.78$0.00$1.78$0.52$0.10$0.42
2012Summary only. Only limited summary data is available for this year.$1.52$0.16$1.36$0.43$0.08$0.36
2011Summary only. Only limited summary data is available for this year.$1.46$0.46$1.01$0.47$0.12$0.35
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 11, 2025
Return Version
2024v5.0
Gross Receipts
$98,511
Mission and Program Overview

Mission

To encourage and promote the economic development of jonesboro.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,735,113$7,735,113→ $0
Cash and Non-Interest-Bearing Accounts$1,515,067$1,143,909▼ $371,158
Total Assets$9,250,180$8,883,527▼ $366,653
Other Assets Total-$4,505-
Liabilities
Unsecured Notes Loans Payable$3,833,977$3,630,861▼ $203,116
Accounts Payable and Accrued Expenses$126,132$105,195▼ $20,937
Total Liabilities$3,960,109$3,736,056▼ $224,053
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,290,071$5,147,471▼ $142,600
Total Net Assets Fund Balance$5,290,071$5,147,471▼ $142,600
Total Liabilities and Net Assets / Fund Balance$9,250,180$8,883,527▼ $366,653

Asset Categories

AssetBook ValueDepreciationBasis
Land$7,735,113--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Mark MayfieldPresident
Beverly NixSecretary/tr
Kevin HufstedlerVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$950
Program Service Revenue
$0
Investment Income
$34,978
Other Revenue
$62,583
Change in Net Assets
$-142,600

Audited Revenue Reconciliation

Revenue per Audited Statements
$98,511
Total Revenue per Audited Statements
$98,511
Total Revenue per Form 990
$98,511
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$241,111
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
Interest-$144,733-$144,733
Fees for Services Other$58,952--$58,952
Fees for Services Accounting-$4,988-$4,988
Other Expenses-$4,794-$4,794
Insurance-$2,669-$2,669
Total Functional Expenses$58,952$182,159$0$241,111

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$241,111
Total Expenses per Audited Statements$241,111
Total Expenses per Form 990$241,111
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
Audit committee
Yes
Backup withholding compliance
No
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, Page 6, Part VI, Line 11B

“The information on form 990 is pulled from the audited financial statements. A copy of audit is given to the board of directors and approved before 990 is filed.”

Form 990, Page 6, Part VI, Line 19

“Made available upon request.”

Filing and Contact Details

Filer

Filer Name
Jonesboro Economic Development Corp
EIN
71-0586033
Phone
8709326691
Address
PO BOX 789, JONESBORO, AR 72403

Signing Officer

Name
Beverly Nix
Title
Secretary/treasurer
Phone
8709326691
Signed
2025-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beverly Nix
Formed
1956
Legal Domicile
Ar
Voting Board Members
30
Independent Board Members
30
Employees
0

Preparer

Firm
THOMAS SPEIGHT & NOBLE CPA'S
Address
PO BOX 17167, JONESBORO, AR 72403-6721
Preparer
Jeff L Wicker CPA
Phone
8709325858
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Economic development 58,952 0 0”

Raw XML Appendix258 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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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFF L WICKER CPA
ReturnHeader/ReturnTs02025-03-13T22:50:49-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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