Civic Intelligence

Crossett Economic Development Foundation

990 • Fiscal year 2020 • EIN 71-0855990

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 19, 2021

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

61st percentile

0.19x

Higher debt load relative to assets than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

83rd percentile

0.77x

Higher debt load relative to revenue than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

56th percentile

8.1%

Higher net margin than 56% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

78th percentile

$125,840

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 23.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

75th percentile

24%

Faster asset growth than 75% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

22nd percentile

-22%

Faster revenue growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$2,202,442

Up $425,839 (+24%) from 2019

Net Assets

Up

$1,793,181

Up $43,045 (+2.5%) from 2019

Liabilities

Up

$409,261

Up $382,794 (+1446%) from 2019

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin56th percentile

Revenue

Down

$529,954

Down $149,225 (-22%) from 2019

Expenses

Down

$486,909

Down $361,685 (-43%) from 2019

Net Income

Up

$43,045

Up $212,460 (+125%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth75th 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

2020

Assets$2,202,442
Liabilities$409,261
Net Assets$1,793,181
Open 2020 Filing

Operations Trend

Revenue Growth22nd 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

2020

Revenue$529,954
Expenses$486,909
Net Income$43,045
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 19, 2021
Return Version
2020v4.0
Gross Receipts
$529,954
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$1,531,121$1,214,249▼ $316,872
Pledges and Grants Receivable$23,954$697,172▲ $673,218
Cash and Non-Interest-Bearing Accounts$128,876$278,648▲ $149,772
Accounts Receivable$87,103--
Savings and Temporary Cash Investments$4,162$9,174▲ $5,012
Prepaid Expenses and Deferred Charges$1,387$3,199▲ $1,812
Total Assets$1,776,603$2,202,442▲ $425,839
Liabilities
Deferred Revenue-$353,141-
Mortgage Notes Payable Secured by Investment Property$15,243$41,257▲ $26,014
Accounts Payable and Accrued Expenses$11,135$14,778▲ $3,643
Other Liabilities$89$85▼ $4
Total Liabilities$26,467$409,261▲ $382,794
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,750,136$1,793,181▲ $43,045
Total Net Assets Fund Balance$1,750,136$1,793,181▲ $43,045
Total Liabilities and Net Assets / Fund Balance$1,776,603$2,202,442▲ $425,839

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$62,343$806,621$868,964
Other Land Buildings$524,961$167,593$692,554
Land$498,139-$498,139
Leasehold Improvements$128,806$52,143$180,949
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James Michael SmithExecutive DiFT$118,810$7,030$125,840

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
$386,922
Investment Income
$4,376
Other Revenue
$138,656
Change in Net Assets
$43,045

Audited Revenue Reconciliation

Revenue per Audited Statements
$529,954
Total Revenue per Audited Statements
$529,954
Total Revenue per Form 990
$529,954
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$306,821
Salaries, Compensation, and Employee Benefits$180,088
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$118,810--$118,810
Depreciation Depletion$3,576$66,436-$70,012
Other Salaries and Wages-$43,849-$43,849
Fees for Services Accounting-$23,893-$23,893
Advertising$1,085$20,906-$21,991
Occupancy-$16,249-$16,249
Insurance$2,032$10,553-$12,585
Payroll Taxes$9,110$3,466-$12,576
Other Expenses$9,149$23,955-$9,149
Pension Plan Contributions$3,515$1,338-$4,853
Fees for Services Other$3,756--$3,756
Office Expenses$3,119--$3,119
Conferences and Meetings$2,620--$2,620
Travel$961--$961
Interest-$-504-$-504
All Other Expenses$-39,525$18,186-$-21,339
Total Functional Expenses$258,582$228,327$0$486,909

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$486,909
Total Expenses per Audited Statements$486,909
Total Expenses per Form 990$486,909
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$5
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
2021-07-19
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 421 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/PensionPlanContributionsGrp/TotalAmt04853
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt023954
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0697172
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01387
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03199
IRS990/PrincipalOfficerNm0JAMES MICHAEL SMITH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SALES TAX REVENUES
IRS990/ProgramServiceRevenueGrp/Desc1FROM CSA IMPORT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0382872
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14050
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0382872
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14050
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/ExpenseAmt0236079
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03665
IRS990/PYOtherExpensesAmt0677004
IRS990/PYOtherRevenueAmt0265740
IRS990/PYProgramServiceRevenueAmt0409774
IRS990/PYRevenuesLessExpensesAmt0-169415
IRS990/PYSalariesCompEmpBnftPaidAmt0171590
IRS990/PYTotalExpensesAmt0848594
IRS990/PYTotalRevenueAmt0679179
IRS990/ReconcilationRevenueExpnssAmt043045
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0382872
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04162
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09174
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05399
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt046420
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0480000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0531819
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0125000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt0125000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt0125000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0125000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0500000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt022082
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0139006
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0104949
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0122713
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt073862
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0462612
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02514855
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.86610
IRS990ScheduleA/PublicSupportPY170Pct00.84330
IRS990ScheduleA/PublicSupportTotal170Amt02992274
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0382872
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0409774
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0412803
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0368829
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0386177
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt01960455
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0507872
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0540173
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0584223
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0973829
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0386177
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02992274
IRS990ScheduleA/TotalSupportAmt03454886
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt062343
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0806621
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0868964
IRS990ScheduleD/ExpensesSubtotalAmt0486909
IRS990ScheduleD/LandGrp/BookValueAmt0498139
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0498139
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0128806
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt052143
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0180949
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0524961
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0167593
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0692554
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt080
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED STATE UNEMPLOYMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/RevenueSubtotalAmt0529954
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01214249
IRS990ScheduleD/TotalExpensesPerForm990Amt0486909
IRS990ScheduleD/TotalLiabilityAmt085
IRS990ScheduleD/TotalRevenuePerForm990Amt0529954
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0529954
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0486909
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/TotalAssetsBOYAmt01776603
IRS990/TotalAssetsEOYAmt02202442
IRS990/TotalAssetsGrp/BOYAmt01776603
IRS990/TotalAssetsGrp/EOYAmt02202442
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0228327
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0258582
IRS990/TotalFunctionalExpensesGrp/TotalAmt0486909
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026467
IRS990/TotalLiabilitiesEOYAmt0409261
IRS990/TotalLiabilitiesGrp/BOYAmt026467
IRS990/TotalLiabilitiesGrp/EOYAmt0409261
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01750136
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01793181
IRS990/TotalOtherCompensationAmt07030
IRS990/TotalOtherProgSrvcExpenseAmt0236079
IRS990/TotalProgramServiceExpensesAmt0258582
IRS990/TotalProgramServiceRevenueAmt0386922
IRS990/TotalReportableCompFromOrgAmt0118810
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0529954
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0529954
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01776603
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02202442
IRS990/TravelGrp/ProgramServicesAmt0961
IRS990/TravelGrp/TotalAmt0961
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES MICHAEL SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08703648745
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CROSSETT ECONOMIC DEV FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CROS
ReturnHeader/Filer/EIN0710855990

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,202,442
Liabilities
$409,261
Net assets
$1,793,181
Revenue
$529,954
Expenses
$486,909
Net income
$43,045
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