Civic Intelligence

Crossett Economic Development Foundation

990 • Fiscal year 2018 • EIN 71-0855990

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 10, 2019

Organization ProfileWWW.CITYOFCROSSETT.NET
125 Main StreetCrossett, AR 71635

(870) 364-8745

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$2,036,525

Down $102,320 (-4.8%) from 2017

Net Assets

Down

$1,919,551

Down $107,800 (-5.3%) from 2017

Liabilities

Up

$116,974

Up $5,480 (+4.9%) from 2017

Revenue And Expenses

Revenue

Down

$689,180

Down $407,362 (-37%) from 2017

Expenses

Up

$796,979

Up $126,287 (+19%) from 2017

Net Income

Down

-$107,799

Down $533,649 (-125%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,486,202Liabilities 2011: $95,498Net Assets 2011: $1,390,7042011Assets 2012: $1,590,927Liabilities 2012: $99,532Net Assets 2012: $1,491,3952012Assets 2013: $1,601,077Liabilities 2013: $61,315Net Assets 2013: $1,539,7622013Assets 2014: $1,625,414Liabilities 2014: $35,640Net Assets 2014: $1,589,7742014Assets 2015: $1,604,433Liabilities 2015: $15,018Net Assets 2015: $1,589,4152015Assets 2016: $1,690,595Liabilities 2016: $89,098Net Assets 2016: $1,601,4972016Assets 2017: $2,138,845Liabilities 2017: $111,494Net Assets 2017: $2,027,3512017Assets 2018: $2,036,525Liabilities 2018: $116,974Net Assets 2018: $1,919,5512018Assets 2019: $1,776,603Liabilities 2019: $26,467Net Assets 2019: $1,750,1362019Assets 2020: $2,202,442Liabilities 2020: $409,261Net Assets 2020: $1,793,1812020Assets 2021: $2,309,779Liabilities 2021: $465,988Net Assets 2021: $1,843,7912021Assets 2022: $2,370,204Liabilities 2022: $458,704Net Assets 2022: $1,911,5002022Assets 2023: $2,111,006Liabilities 2023: $164,037Net Assets 2023: $1,946,9692023Assets 2024: $1,975,439Liabilities 2024: $10,548Net Assets 2024: $1,964,8912024

Highlighted filing

2018

Assets$2,036,525
Liabilities$116,974
Net Assets$1,919,551
Open 2018 Filing

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $490,201Expenses 2011: $472,861Net Income 2011: $17,3402011Revenue 2012: $478,148Expenses 2012: $377,457Net Income 2012: $100,6912012Revenue 2013: $506,407Expenses 2013: $458,041Net Income 2013: $48,3662013Revenue 2014: $496,018Expenses 2014: $446,006Net Income 2014: $50,0122014Revenue 2015: $499,456Expenses 2015: $499,808Net Income 2015: -$3522015Revenue 2016: $460,039Expenses 2016: $447,956Net Income 2016: $12,0832016Revenue 2017: $1,096,542Expenses 2017: $670,692Net Income 2017: $425,8502017Revenue 2018: $689,180Expenses 2018: $796,979Net Income 2018: -$107,7992018Revenue 2019: $679,179Expenses 2019: $848,594Net Income 2019: -$169,4152019Revenue 2020: $529,954Expenses 2020: $486,909Net Income 2020: $43,0452020Revenue 2021: $673,074Expenses 2021: $622,464Net Income 2021: $50,6102021Revenue 2022: $605,801Expenses 2022: $538,095Net Income 2022: $67,7062022Revenue 2023: $973,402Expenses 2023: $937,933Net Income 2023: $35,4692023Revenue 2024: $669,941Expenses 2024: $652,016Net Income 2024: $17,9252024

Highlighted filing

2018

Revenue$689,180
Expenses$796,979
Net Income-$107,799
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 10, 2019
Return Version
2018v3.1
Gross Receipts
$689,180
Mission and Program Overview

Mission

Provide economic development services to the city of crossett, arkansas, and to generally promote the economic development of the city of crossett and the surrounding area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,710,807$1,777,266▲ $66,459
Accounts Receivable$114,903$127,962▲ $13,059
Cash and Non-Interest-Bearing Accounts$119,491$107,368▼ $12,123
Pledges and Grants Receivable$3,169$11,479▲ $8,310
Prepaid Expenses and Deferred Charges$1,602$8,298▲ $6,696
Savings and Temporary Cash Investments$188,873$4,152▼ $184,721
Total Assets$2,138,845$2,036,525▼ $102,320
Liabilities
Deferred Revenue$69,369$63,561▼ $5,808
Mortgage Notes Payable Secured by Investment Property$25,018$31,537▲ $6,519
Accounts Payable and Accrued Expenses$17,107$21,876▲ $4,769
Total Liabilities$111,494$116,974▲ $5,480
Net Assets / Fund Balance
Unrestricted Net Assets$2,027,351$1,919,551▼ $107,800
Total Net Assets Fund Balance$2,027,351$1,919,551▼ $107,800
Total Liabilities and Net Assets / Fund Balance$2,138,845$2,036,525▼ $102,320

Asset Categories

AssetBook ValueDepreciationBasis
Land$928,873-$928,873
Equipment$183,227$685,737$868,964
Other Land Buildings$582,915$109,639$692,554
Leasehold Improvements$82,251$38,512$120,763
Compensation and Service Providers

Board Members and Trustees

NameTitle
James Michael SmithExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$412,803
Investment Income
$3,213
Other Revenue
$273,164
Change in Net Assets
$-107,799

Audited Revenue Reconciliation

Revenue per Audited Statements
$689,180
Total Revenue per Audited Statements
$689,180
Total Revenue per Form 990
$689,180
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$617,478
Salaries, Compensation, and Employee Benefits$179,501
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$117,756$44,931-$162,687
Depreciation Depletion$14,898$111,215-$126,113
All Other Expenses$13,473$22,557-$36,030
Fees for Services Accounting-$21,250-$21,250
Payroll Taxes$9,015$3,465-$12,480
Other Expenses$24,000$11,405-$11,405
Insurance$1,789$8,601-$10,390
Occupancy-$9,283-$9,283
Conferences and Meetings$6,994--$6,994
Advertising-$6,231-$6,231
Pension Plan Contributions$3,139$1,195-$4,334
Interest-$1,843-$1,843
Office Expenses$1,818--$1,818
Travel$1,272--$1,272
Fees for Services Other$63--$63
Total Functional Expenses$555,003$241,976$0$796,979

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$796,980
Expenses per Audited Statements$796,979
Total Expenses per Form 990$796,979
Expenses Not Reported on Form 990$1
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
Backup withholding compliance
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 form 990 is available to the board for their inspection prior to filing and this information is included in the minutes fo the may board meeting.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and the financial statements are all available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Crossett Economic Dev Foundation
EIN
71-0855990
Phone
8703648745
Address
125 MAIN STREET, CROSSETT, AR 71635

Signing Officer

Name
James Michael Smith
Title
Executive Director
Phone
8703648745
Signed
2019-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Michael Smith
Formed
2000
Legal Domicile
Ar
Voting Board Members
8
Independent Board Members
8
Employees
2

Preparer

Firm
Richard L Maxwell & Associates Pllc
Address
101 CHERRYWOOD LN, CROSSETT, AR 71635-3921
Preparer
Craig Kaminicki
Phone
8703648992
Supplemental Narrative

Additional Explanations

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

“Provided economic development services to the city of crossett, arkansas, and to generally promote the economic development of the city of crossett adn surrounding area.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -1”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“Book / tax depreciation difference 1”

Raw XML Appendix362 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt017107
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt021876
IRS990/AccountsReceivableGrp/BOYAmt0114903
IRS990/AccountsReceivableGrp/EOYAmt0127962
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE ECONOMIC DEVELOPMENT SERVICES TO THE CITY OF CROSSETT, ARKANSAS, AND TO GENERALLY PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF CROSSETT AND THE SURROUNDING AREA.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt06231
IRS990/AdvertisingGrp/TotalAmt06231
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt022557
IRS990/AllOtherExpensesGrp/ProgramServicesAmt013473
IRS990/AllOtherExpensesGrp/TotalAmt036030
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0RICHARD L MAXWELL & ASSOCIATES PLLC
IRS990/BooksInCareOfDetail/PhoneNum08703648992
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0101 CHERRYWOOD LANE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CROSSETT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AR
IRS990/BooksInCareOfDetail/USAddress/ZIPCd071635
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0119491
IRS990/CashNonInterestBearingGrp/EOYAmt0107368
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt06994
IRS990/ConferencesMeetingsGrp/TotalAmt06994
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03213
IRS990/CYOtherExpensesAmt0617478
IRS990/CYOtherRevenueAmt0273164
IRS990/CYProgramServiceRevenueAmt0412803
IRS990/CYRevenuesLessExpensesAmt0-107799
IRS990/CYSalariesCompEmpBnftPaidAmt0179501
IRS990/CYTotalExpensesAmt0796979
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0689180
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt069369
IRS990/DeferredRevenueGrp/EOYAmt063561
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0111215
IRS990/DepreciationDepletionGrp/ProgramServicesAmt014898
IRS990/DepreciationDepletionGrp/TotalAmt0126113
IRS990/Desc0PROVIDED ECONOMIC DEVELOPMENT SERVICES TO THE CITY OF CROSSETT, ARKANSAS, AND TO GENERALLY PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF CROSSETT ADN SURROUNDING AREA.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt035786
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt021250
IRS990/FeesForServicesAccountingGrp/TotalAmt021250
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt063
IRS990/FeesForServicesOtherGrp/TotalAmt063
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0JAMES MICHAEL SMITH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0689180
IRS990/GrossRentsGrp/RealAmt0132108
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt08601
IRS990/InsuranceGrp/ProgramServicesAmt01789
IRS990/InsuranceGrp/TotalAmt010390
IRS990/InterestGrp/ManagementAndGeneralAmt01843
IRS990/InterestGrp/TotalAmt01843
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03213
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03213
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt02
IRS990/LandBldgEquipAccumDeprecAmt0833888
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01710807
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01777266
IRS990/LandBldgEquipCostOrOtherBssAmt02611154
IRS990/LegalDomicileStateCd0AR
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE ECONOMIC DEVELOPMENT SERVICES TO THE CITY OF CROSSETT, ARKANSAS, AND TO GENERALLY PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF CROSSETT AND THE SURROUNDING AREA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt025018
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt031537
IRS990/NetAssetsOrFundBalancesBOYAmt02027351
IRS990/NetAssetsOrFundBalancesEOYAmt01919551
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0132108
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0132108
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt09283
IRS990/OccupancyGrp/TotalAmt09283
IRS990/OfficeExpensesGrp/ProgramServicesAmt01818
IRS990/OfficeExpensesGrp/TotalAmt01818
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-1
IRS990/OtherExpensesGrp/Desc0PROJECT DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1RENT
IRS990/OtherExpensesGrp/Desc2LAND LEASE EXPENSE
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011405
IRS990/OtherExpensesGrp/ProgramServicesAmt0235746
IRS990/OtherExpensesGrp/ProgramServicesAmt1125040
IRS990/OtherExpensesGrp/ProgramServicesAmt224000
IRS990/OtherExpensesGrp/TotalAmt0235746
IRS990/OtherExpensesGrp/TotalAmt1125040
IRS990/OtherExpensesGrp/TotalAmt224000
IRS990/OtherExpensesGrp/TotalAmt311405
IRS990/OtherRevenueMiscGrp/Desc0LAND LEASE REVENUE
IRS990/OtherRevenueMiscGrp/Desc1GRANT INCOME
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt094628
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt146420
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt28
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt094628
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt146420
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt28
IRS990/OtherRevenueTotalAmt0141056
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt044931
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0117756
IRS990/OtherSalariesAndWagesGrp/TotalAmt0162687
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03465
IRS990/PayrollTaxesGrp/ProgramServicesAmt09015
IRS990/PayrollTaxesGrp/TotalAmt012480
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01195
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03139
IRS990/PensionPlanContributionsGrp/TotalAmt04334
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03169
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt011479
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01602
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08298
IRS990/PrincipalOfficerNm0JAMES MICHAEL SMITH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SALES TAX REVENUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0412803
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0412803
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROVIDED ECONOMIC DEVELOPMENT SERVICES TO THE CITY OF CROSSETT, ARKANSAS, AND TO GENERALLY PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF CROSSETT ADN SURROUNDING AREA.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0519217
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0480000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt024965
IRS990/PYOtherExpensesAmt0499326
IRS990/PYOtherRevenueAmt0222748
IRS990/PYProgramServiceRevenueAmt0368829
IRS990/PYRevenuesLessExpensesAmt0425850
IRS990/PYSalariesCompEmpBnftPaidAmt0171366
IRS990/PYTotalExpensesAmt0670692
IRS990/PYTotalRevenueAmt01096542
IRS990/ReconcilationRevenueExpnssAmt0-107799
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0132108
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0412803
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0188873
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04152
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt046420
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0480000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0526420
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0125000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt0125000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0250000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0104949
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0122713
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt073862
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt096055
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0103343
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0500922
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01305722
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84550
IRS990ScheduleA/PublicSupportPY170Pct00.83880
IRS990ScheduleA/PublicSupportTotal170Amt02740305
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0412803
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0368829
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0386177
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0403401
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0392675
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt01963885
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0584223
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0973829
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0386177
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0403401
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0392675
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02740305
IRS990ScheduleA/TotalSupportAmt03241227
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0183227
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0685737
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0868964
IRS990ScheduleD/ExpensesNotReportedAmt01
IRS990ScheduleD/ExpensesSubtotalAmt0796979
IRS990ScheduleD/LandGrp/BookValueAmt0928873
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0928873
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt082251
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt038512
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0120763
IRS990ScheduleD/OtherExpensesIncludedAmt01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0582915
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0109639
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0692554
IRS990ScheduleD/RevenueSubtotalAmt0689180
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 1
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01777266
IRS990ScheduleD/TotalExpensesPerForm990Amt0796979
IRS990ScheduleD/TotalRevenuePerForm990Amt0689180
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0689180
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0796980
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDED ECONOMIC DEVELOPMENT SERVICES TO THE CITY OF CROSSETT, ARKANSAS, AND TO GENERALLY PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF CROSSETT ADN SURROUNDING AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS AVAILABLE TO THE BOARD FOR THEIR INSPECTION PRIOR TO FILING AND THIS INFORMATION IS INCLUDED IN THE MINUTES FO THE MAY BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND THE FINANCIAL STATEMENTS ARE ALL AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK / TAX DEPRECIATION DIFFERENCE -1
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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02138845
IRS990/TotalAssetsEOYAmt02036525
IRS990/TotalAssetsGrp/BOYAmt02138845
IRS990/TotalAssetsGrp/EOYAmt02036525
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0241976
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0555003
IRS990/TotalFunctionalExpensesGrp/TotalAmt0796979
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0111494
IRS990/TotalLiabilitiesEOYAmt0116974
IRS990/TotalLiabilitiesGrp/BOYAmt0111494
IRS990/TotalLiabilitiesGrp/EOYAmt0116974
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02027351
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01919551
IRS990/TotalOtherProgSrvcExpenseAmt0519217
IRS990/TotalProgramServiceExpensesAmt0555003
IRS990/TotalProgramServiceRevenueAmt0412803
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0689180
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0689180
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02138845
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02036525
IRS990/TravelGrp/ProgramServicesAmt01272
IRS990/TravelGrp/TotalAmt01272
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02027351
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01919551
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0125 MAIN STREET
IRS990/USAddress/CityNm0CROSSETT
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd071635
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.CITYOFCROSSETT.NET
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES MICHAEL SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08703648745
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CROSSETT ECONOMIC DEV FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CROS
ReturnHeader/Filer/EIN0710855990
ReturnHeader/Filer/PhoneNum08703648745
ReturnHeader/Filer/USAddress/AddressLine1Txt0125 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0CROSSETT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd071635
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B3D1F4D39367A218273B9118F80619502D5D5A96
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId054C9C0A287517CC53C746F580057885D8CF2FBFE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0162.39.161.33
ReturnHeader/FilingSecurityInformation/IPDt02019-08-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm018:06:11
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0710800049
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RICHARD L MAXWELL & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 CHERRYWOOD LN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CROSSETT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0716353921
ReturnHeader/PreparerPersonGrp/PhoneNum08703648992
ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CRAIG KAMINICKI
ReturnHeader/ReturnTs02019-08-07T18:06:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,036,525
Liabilities
$116,974
Net assets
$1,919,551
Revenue
$689,180
Expenses
$796,979
Net income
-$107,799
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.98$0.01$1.96$0.67$0.65$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.11$0.16$1.95$0.97$0.94$0.04
2022Detailed filing. Detailed filing data is available for this year.$2.37$0.46$1.91$0.61$0.54$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.31$0.47$1.84$0.67$0.62$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.20$0.41$1.79$0.53$0.49$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.78$0.03$1.75$0.68$0.85$0.17
2018Detailed filing. Detailed filing data is available for this year.$2.04$0.12$1.92$0.69$0.80$0.11
2017Detailed filing. Detailed filing data is available for this year.$2.14$0.11$2.03$1.10$0.67$0.43
2016Detailed filing. Detailed filing data is available for this year.$1.69$0.09$1.60$0.46$0.45$0.01
2015Summary only. Only limited summary data is available for this year.$1.60$0.02$1.59$0.50$0.50$0.00
2014Summary only. Only limited summary data is available for this year.$1.63$0.04$1.59$0.50$0.45$0.05
2013Summary only. Only limited summary data is available for this year.$1.60$0.06$1.54$0.51$0.46$0.05
2012Summary only. Only limited summary data is available for this year.$1.59$0.10$1.49$0.48$0.38$0.10
2011Summary only. Only limited summary data is available for this year.$1.49$0.10$1.39$0.49$0.47$0.02