Civic Intelligence

Independence County Economic Development Foundations Inc.

990 • Fiscal year 2024 • EIN 71-0637199

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 12, 2025

Organization ProfileN/A
409 Vine StBatesville, AR 72501

(870) 793-2378

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

68th percentile

15%

Higher net margin than 68% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

88th percentile

65%

Faster asset growth than 88% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

1292%

Faster revenue growth than 99% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$101,542

Up $40,109 (+65%) from 2023

Net Assets

Up

$101,542

Up $40,109 (+65%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin68th percentile

Revenue

Up

$265,067

Up $246,026 (+1292%) from 2023

Expenses

Up

$225,606

Up $193,185 (+596%) from 2023

Net Income

Up

$39,461

Up $52,841 (+395%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$150K$100K$50K$0Assets 2011: $16,509Liabilities 2011: $0Net Assets 2011: $16,5092011Assets 2012: $27,737Liabilities 2012: $0Net Assets 2012: $27,7372012Assets 2015: $40,668Liabilities 2015: $35,000Net Assets 2015: $5,6682015Assets 2016: $41,196Liabilities 2016: $0Net Assets 2016: $41,1962016Assets 2017: $44,226Liabilities 2017: $02017Assets 2018: $42,030Net Assets 2018: $42,0302018Assets 2019: $42,336Net Assets 2019: $42,3362019Assets 2020: $42,366Net Assets 2020: $42,3662020Assets 2022: $74,813Net Assets 2022: $74,8132022Assets 2023: $61,433Liabilities 2023: $0Net Assets 2023: $61,4332023Assets 2024: $101,542Liabilities 2024: $0Net Assets 2024: $101,5422024Assets 2025: $101,229Net Assets 2025: $101,2292025

Highlighted filing

2024

Assets$101,542
Liabilities$0
Net Assets$101,542
Open 2024 Filing

Operations Trend

Revenue Growth99th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $23,558Expenses 2011: $20,915Net Income 2011: $2,6432011Revenue 2012: $16,828Expenses 2012: $5,600Net Income 2012: $11,2282012Revenue 2015: $41,485Expenses 2015: $26,581Net Income 2015: $14,9042015Revenue 2016: $528Expenses 2016: $0Net Income 2016: $5282016Revenue 2017: $3,030Expenses 2017: $0Net Income 2017: $3,0302017Revenue 2018: $529Expenses 2018: $2,725Net Income 2018: -$2,1962018Revenue 2019: $3,031Expenses 2019: $2,725Net Income 2019: $3062019Revenue 2020: $1,030Expenses 2020: $1,000Net Income 2020: $302020Revenue 2022: $128,358Expenses 2022: $61,200Net Income 2022: $67,1582022Revenue 2023: $19,041Expenses 2023: $32,421Net Income 2023: -$13,3802023Revenue 2024: $265,067Expenses 2024: $225,606Net Income 2024: $39,4612024Revenue 2025: $179,544Expenses 2025: $179,953Net Income 2025: -$4092025

Highlighted filing

2024

Revenue$265,067
Expenses$225,606
Net Income$39,461
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$265,067
Mission and Program Overview

Mission

Facilities involvement by the business community in the promotion of business and industry as well as education in batesville, arkansas

The foundation's purpose is to focus on education, placemaking, healthy living, well-being, and economic prosperity for the citizens of independence county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$61,433$101,542▲ $40,109
Total Assets$61,433$101,542▲ $40,109
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$61,433$101,542▲ $40,109
Total Net Assets Fund Balance$61,433$101,542▲ $40,109
Total Liabilities and Net Assets / Fund Balance$61,433$101,542▲ $40,109
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Landon DowningChair
Robb RobertsVice Chair
Amanda BledsoeDirector
Amy FinsterDirector
Brian ShonkDirector
Jennifer EmeryDirector
Liz SpahnDirector
MitziharganDirector
Rick ElumbaughDirector
Crystal JohnsonSecretary
Maggi Tipton-smartTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$265,067
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$40,067
Change in Net Assets
$39,461

Audited Revenue Reconciliation

Revenue per Audited Statements
$265,067
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$10,000
Total Revenue per Audited Statements
$275,067
Total Revenue per Form 990
$265,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$225,606
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
Advertising$206,930--$206,930
Travel$18,091--$18,091
Office Expenses-$385-$385
Fees for Services Accounting-$200-$200
Total Functional Expenses$225,021$585$0$225,606

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$235,606
Expenses per Audited Statements$225,606
Total Expenses per Form 990$225,606
Expenses Not Reported on Form 990$10,000
Expenses Not Reported on Financial Statements$0
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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

“The board reviews at scheduled board meeting after return is completed but before filing the return.”

Form 990, Part VI, Section C, Line 18

“Form 990 is available to the public upon request. The form 990 will be available for review in the organizations office or a copy can be requested at which time the organization will require the payment of a small fee to cover the cost of the copy.”

Form 990, Part VI, Section C, Line 19

“The form 990 covers any documents that are available to be viewed by the public.”

Filing and Contact Details

Filer

Filer Name
Independence County Economic Development
EIN
71-0637199
Phone
8707932378
Address
409 VINE ST, BATESVILLE, AR 72501

Signing Officer

Name
Crystal Johnson
Title
Secretary
Phone
8707932378
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Crystal Johnson
Formed
1986
Legal Domicile
Ar
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
6

Preparer

Firm
Frost Pllc
Address
4375 N VANTAGE DRIVE SUITE 403, FAYETTEVILLE, AR 72703
Preparer
Janet M Ptacek
Phone
4796954300
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Prior period adjustment 648.”

Financial Statement Notes

PART X, LINE 2:

“The foundations' policy with respect to evaluating uncertain tax positions is based upon whether management believes it is more likely than not the uncertain tax positions will be sustained upon review by the taxing authorities, then the foundations shall intially and subsequently measure the largest amount of tax benefit that is greater than 50% likely of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The tax positions must meet the more-likely-than-not recognition threshold with consideration given to the amounts and probabilities of the outcomes that could be realized upon settlement using the facts, circumstances and information at the reporting date. The foundations will reflect only the portion of the tax benefit that will be sustained upon resolution of the position and applicable interest on the portion of the tax benefit not recognized. Based upon management's assessment, there are no uncertain tax positions expected to have a material impact on the foundations' financial statements.”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATIONS' POLICY WITH RESPECT TO EVALUATING UNCERTAIN TAX POSITIONS IS BASED UPON WHETHER MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THE UNCERTAIN TAX POSITIONS WILL BE SUSTAINED UPON REVIEW BY THE TAXING AUTHORITIES, THEN THE FOUNDATIONS SHALL INTIALLY AND SUBSEQUENTLY MEASURE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE TAX POSITIONS MUST MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD WITH CONSIDERATION GIVEN TO THE AMOUNTS AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON SETTLEMENT USING THE FACTS, CIRCUMSTANCES AND INFORMATION AT THE REPORTING DATE. THE FOUNDATIONS WILL REFLECT ONLY THE PORTION OF THE TAX BENEFIT THAT WILL BE SUSTAINED UPON RESOLUTION OF THE POSITION AND APPLICABLE INTEREST ON THE PORTION OF THE TAX BENEFIT NOT RECOGNIZED. BASED UPON MANAGEMENT'S ASSESSMENT, THERE ARE NO UNCERTAIN TAX POSITIONS EXPECTED TO HAVE A MATERIAL IMPACT ON THE FOUNDATIONS' FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0225606
IRS990ScheduleD/TotalRevenuePerForm990Amt0265067
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0275067
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0235606
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS AT SCHEDULED BOARD MEETING AFTER RETURN IS COMPLETED BUT BEFORE FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 WILL BE AVAILABLE FOR REVIEW IN THE ORGANIZATIONS OFFICE OR A COPY CAN BE REQUESTED AT WHICH TIME THE ORGANIZATION WILL REQUIRE THE PAYMENT OF A SMALL FEE TO COVER THE COST OF THE COPY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 COVERS ANY DOCUMENTS THAT ARE AVAILABLE TO BE VIEWED BY THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRIOR PERIOD ADJUSTMENT 648.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AR
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt061433
IRS990/TotalAssetsEOYAmt0101542
IRS990/TotalAssetsGrp/BOYAmt061433
IRS990/TotalAssetsGrp/EOYAmt0101542
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0265067
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0585
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0225021
IRS990/TotalFunctionalExpensesGrp/TotalAmt0225606
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt061433
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0101542
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0225021
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0265067
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt061433
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0101542
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt018091
IRS990/TravelGrp/TotalAmt018091
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0409 VINE ST
IRS990/USAddress/CityNm0BATESVILLE
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072501
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0WE RESPECTFULLY REQUEST THAT THE FAILURE-TO-FILE PENALTY BE ABATED BASED ON THE IRS'S FIRST TIME ABATE ADMINISTRATIVE WAIVER PROCEDURES, AS DISCUSSED IN IRM 20.1.1.3.6.1, FIRST TIME ABATE (FTA). TAXPAYER MEETS FIRST-TIME PENALTY ABATEMENT CRITERIA. ACCORDING TO IRM 20.1.1.3.6, THE IRS'S REASONABLE CAUSE ASSISTANT PROVIDES AN OPTION FOR PENALTY RELIEF FOR FAILURE-TO-FILE, FAILURE-TO-PAY, AND FAILURE-TO-DEPOSIT PENALTIES IF THE TAXPAYER MEETS CERTAIN CRITERIA. THE TAXPAYER MEETS ALL OF THE FIRST-TIME PENALTY ABATEMENT CRITERIA AS FOLLOWS: (1) FILING COMPLIANCE: MUST HAVE FILED (OR FILED A VALID EXTENSION FOR) ALL REQUIRED RETURNS AND CAN'T HAVE AN OUTSTANDING REQUEST FOR A RETURN FROM THE IRS; (2) PAYMENT COMPLIANCE: MUST HAVE PAID, OR ARRANGED TO PAY ALL TAX DUE (CAN BE IN AN INSTALLMENT AGREEMENT AS LONG AS THE PAYMENTS ARE CURRENT); AND (3) CLEAN PENALTY HISTORY: HAS NO PRIOR PENALTIES (EXCEPT AN ESTIMATED TAX PENALTY) FOR THE PRECEDING THREE YEARS.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CRYSTAL JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum08707932378
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDEPENDENCE COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATIONS INC
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0710637199
ReturnHeader/Filer/PhoneNum08707932378
ReturnHeader/Filer/USAddress/AddressLine1Txt0409 VINE ST
ReturnHeader/Filer/USAddress/CityNm0BATESVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072501
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0710817652
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FROST PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04375 N VANTAGE DRIVE SUITE 403
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAYETTEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072703
ReturnHeader/PreparerPersonGrp/PhoneNum04796954300
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JANET M PTACEK
ReturnHeader/ReturnTs02025-11-17T13:41:33-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$101,542
Liabilities
$0
Net assets
$101,542
Revenue
$265,067
Expenses
$225,606
Net income
$39,461
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.01$1.01$1.80$1.80$0.00
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.00$1.02$2.65$2.26$0.39
2023Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$0.19$0.32$0.13
2022Detailed filing. Detailed filing data is available for this year.$0.75$0.75$1.28$0.61$0.67
2020Detailed filing. Detailed filing data is available for this year.$0.42$0.42$0.01$0.01$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.42$0.42$0.03$0.03$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.42$0.42$0.01$0.03$0.02
2017Summary only. Only limited summary data is available for this year.$0.44$0.00$0.03$0.00$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.01$0.00$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.41$0.35$0.06$0.41$0.27$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.00$0.28$0.17$0.06$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.00$0.17$0.24$0.21$0.03