Civic Intelligence

Crossett Economic Development Foundation

990 • Fiscal year 2019 • EIN 71-0855990

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 22, 2020

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

(870) 364-8745

Siviq Scores

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

Liabilities / Assets

31st percentile

0.01x

Higher debt load relative to assets than 31% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

36th percentile

0.04x

Higher debt load relative to revenue than 36% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

11th percentile

-25%

Higher net margin than 11% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

76th percentile

$118,852

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 17.5% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

10th percentile

-13%

Faster asset growth than 10% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

35th percentile

-1.5%

Faster revenue growth than 35% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$1,776,603

Down $259,922 (-13%) from 2018

Net Assets

Down

$1,750,136

Down $169,415 (-8.8%) from 2018

Liabilities

Down

$26,467

Down $90,507 (-77%) from 2018

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin11th percentile

Revenue

Down

$679,179

Down $10,001 (-1.5%) from 2018

Expenses

Up

$848,594

Up $51,615 (+6.5%) from 2018

Net Income

Down

-$169,415

Down $61,616 (-57%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

2019

Assets$1,776,603
Liabilities$26,467
Net Assets$1,750,136
Open 2019 Filing

Operations Trend

Revenue Growth35th percentile

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

2019

Revenue$679,179
Expenses$848,594
Net Income-$169,415
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 22, 2020
Return Version
2019v5.0
Gross Receipts
$679,179
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$1,777,266$1,531,121▼ $246,145
Cash and Non-Interest-Bearing Accounts$107,368$128,876▲ $21,508
Accounts Receivable$127,962$87,103▼ $40,859
Pledges and Grants Receivable$11,479$23,954▲ $12,475
Savings and Temporary Cash Investments$4,152$4,162▲ $10
Prepaid Expenses and Deferred Charges$8,298$1,387▼ $6,911
Total Assets$2,036,525$1,776,603▼ $259,922
Liabilities
Deferred Revenue$63,561--
Mortgage Notes Payable Secured by Investment Property$31,537$15,243▼ $16,294
Accounts Payable and Accrued Expenses$21,876$11,135▼ $10,741
Other Liabilities-$89-
Total Liabilities$116,974$26,467▼ $90,507
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,919,551$1,750,136▼ $169,415
Total Net Assets Fund Balance$1,919,551$1,750,136▼ $169,415
Total Liabilities and Net Assets / Fund Balance$2,036,525$1,776,603▼ $259,922

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$96,879$772,085$868,964
Land$744,998-$744,998
Other Land Buildings$553,264$139,290$692,554
Leasehold Improvements$135,980$44,969$180,949
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James Michael SmithExecutive DiFT$112,324$6,528$118,852

Board Members and Trustees

NameTitle
Howard BeatyPresident
Crystal MarshallBoard Member
James KnightBoard Member
Justin ReedBoard Member
Lori WalshBoard Member
Mandy VicersBoard Member
Phil GilmoreBoard Member
Toyce NewtonBorad Member
Linda RushingSecretary/ T
Dan PevyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$409,774
Investment Income
$3,665
Other Revenue
$265,740
Change in Net Assets
$-169,415

Audited Revenue Reconciliation

Revenue per Audited Statements
$679,179
Total Revenue per Audited Statements
$679,179
Total Revenue per Form 990
$679,179
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$677,004
Salaries, Compensation, and Employee Benefits$171,590
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$5,959$116,497-$122,456
Current Officers, Directors, Trustees, and Key Employees$112,324--$112,324
All Other Expenses$50,392$30,880-$81,272
Other Salaries and Wages-$42,766-$42,766
Other Expenses$44,693$31,570-$31,570
Insurance$3,035$19,606-$22,641
Fees for Services Accounting-$16,058-$16,058
Occupancy-$15,343-$15,343
Payroll Taxes$8,633$3,359-$11,992
Advertising$633$10,779-$11,412
Conferences and Meetings$7,283--$7,283
Pension Plan Contributions$3,264$1,244-$4,508
Office Expenses$1,550--$1,550
Fees for Services Other$1,385--$1,385
Interest-$1,178-$1,178
Travel$846--$846
Total Functional Expenses$559,314$289,280$0$848,594

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$848,594
Total Expenses per Audited Statements$848,594
Total Expenses per Form 990$848,594
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued State Unemployment$80
Accrued Interest$9
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 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
2020-06-22
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.”

Raw XML AppendixShowing 400 of 425 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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IRS990/PayrollTaxesGrp/TotalAmt011992
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01244
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03264
IRS990/PensionPlanContributionsGrp/TotalAmt04508
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt011479
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt023954
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08298
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01387
IRS990/PrincipalOfficerNm0JAMES MICHAEL SMITH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SALES TAX REVENUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0409774
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0409774
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/ExpenseAmt0531375
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03213
IRS990/PYOtherExpensesAmt0617478
IRS990/PYOtherRevenueAmt0273164
IRS990/PYProgramServiceRevenueAmt0412803
IRS990/PYRevenuesLessExpensesAmt0-107799
IRS990/PYSalariesCompEmpBnftPaidAmt0179501
IRS990/PYTotalExpensesAmt0796979
IRS990/PYTotalRevenueAmt0689180
IRS990/ReconcilationRevenueExpnssAmt0-169415
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0409774
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04152
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04162
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05399
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt046420
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0480000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt04
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0531823
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0125000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt0125000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt0125000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0375000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0139006
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0104949
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0122713
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt073862
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt096055
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0536585
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01984901
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84330
IRS990ScheduleA/PublicSupportPY170Pct00.84550
IRS990ScheduleA/PublicSupportTotal170Amt02887807
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0409774
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0412803
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0368829
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0386177
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0403401
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt01980984
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0540173
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0584223
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0973829
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0386177
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0403405
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02887807
IRS990ScheduleA/TotalSupportAmt03424392
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt096879
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0772085
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0868964
IRS990ScheduleD/ExpensesSubtotalAmt0848594
IRS990ScheduleD/LandGrp/BookValueAmt0744998
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0744998
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0135980
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt044969
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0180949
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0553264
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0139290
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0692554
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt080
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED STATE UNEMPLOYMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/RevenueSubtotalAmt0679179
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01531121
IRS990ScheduleD/TotalExpensesPerForm990Amt0848594
IRS990ScheduleD/TotalLiabilityAmt089
IRS990ScheduleD/TotalRevenuePerForm990Amt0679179
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0679179
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0848594
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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02036525
IRS990/TotalAssetsEOYAmt01776603
IRS990/TotalAssetsGrp/BOYAmt02036525
IRS990/TotalAssetsGrp/EOYAmt01776603
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0289280
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0559314
IRS990/TotalFunctionalExpensesGrp/TotalAmt0848594
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0116974
IRS990/TotalLiabilitiesEOYAmt026467
IRS990/TotalLiabilitiesGrp/BOYAmt0116974
IRS990/TotalLiabilitiesGrp/EOYAmt026467
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01919551
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01750136
IRS990/TotalOtherCompensationAmt06528
IRS990/TotalOtherProgSrvcExpenseAmt0531375
IRS990/TotalProgramServiceExpensesAmt0559314
IRS990/TotalProgramServiceRevenueAmt0409774
IRS990/TotalReportableCompFromOrgAmt0112324
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0679179
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0679179
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02036525
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01776603
IRS990/TravelGrp/ProgramServicesAmt0846
IRS990/TravelGrp/TotalAmt0846
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES MICHAEL SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08703648745
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CROSSETT ECONOMIC DEV FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CROS
ReturnHeader/Filer/EIN0710855990
ReturnHeader/Filer/PhoneNum08703648745

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,776,603
Liabilities
$26,467
Net assets
$1,750,136
Revenue
$679,179
Expenses
$848,594
Net income
-$169,415
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