Civic Intelligence

Crossett Economic Development Foundation

990 • Fiscal year 2024 • EIN 71-0855990

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 14, 2025

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

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

31st percentile

0.02x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

46th percentile

2.7%

Higher net margin than 46% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

19th percentile

-6.4%

Faster asset growth than 19% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-31%

Faster revenue growth than 9% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets29th percentile

Assets

Down

$1,975,439

Down $135,567 (-6.4%) from 2023

Net Assets

Up

$1,964,891

Up $17,922 (+0.9%) from 2023

Liabilities

Down

$10,548

Down $153,489 (-94%) from 2023

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin46th percentile

Revenue

Down

$669,941

Down $303,461 (-31%) from 2023

Expenses

Down

$652,016

Down $285,917 (-30%) from 2023

Net Income

Down

$17,925

Down $17,544 (-49%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth19th 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

2024

Assets$1,975,439
Liabilities$10,548
Net Assets$1,964,891
Open 2024 Filing

Operations Trend

Revenue Growth9th 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

2024

Revenue$669,941
Expenses$652,016
Net Income$17,925
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 14, 2025
Return Version
2024v5.0
Gross Receipts
$669,941
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$1,211,252$1,161,430▼ $49,822
Savings and Temporary Cash Investments$416,634$581,012▲ $164,378
Pledges and Grants Receivable$231,070--
Cash and Non-Interest-Bearing Accounts$247,197$225,882▼ $21,315
Prepaid Expenses and Deferred Charges$4,853$7,115▲ $2,262
Total Assets$2,111,006$1,975,439▼ $135,567
Liabilities
Deferred Revenue$148,984--
Accounts Payable and Accrued Expenses$15,011$10,506▼ $4,505
Other Liabilities$42$42→ $0
Total Liabilities$164,037$10,548▼ $153,489
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,946,969$1,964,891▲ $17,922
Total Net Assets Fund Balance$1,946,969$1,964,891▲ $17,922
Total Liabilities and Net Assets / Fund Balance$2,111,006$1,975,439▼ $135,567

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$677,127$1,214,845$1,891,972
Land$484,303-$484,303
Compensation and Service Providers
Top Officer Pay40th percentile

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
James Michael SmithExecutive Di
Linda RushingSecretary/ T
Dan PevyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$469,815
Investment Income
$19,926
Other Revenue
$180,200
Change in Net Assets
$17,925

Audited Revenue Reconciliation

Revenue per Audited Statements
$669,941
Total Revenue per Audited Statements
$669,941
Total Revenue per Form 990
$669,941
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$480,610
Salaries, Compensation, and Employee Benefits$171,406
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$115,031$40,083-$155,114
Depreciation Depletion$11,329$42,628-$53,957
Insurance$3,500$23,376-$26,876
Fees for Services Accounting-$22,919-$22,919
Occupancy-$18,763-$18,763
Advertising$506$14,729-$15,235
Payroll Taxes$8,816$3,082-$11,898
All Other Expenses$8,062$2,446-$10,508
Conferences and Meetings$8,077--$8,077
Other Expenses$67,111$7,596-$7,596
Office Expenses$7,257--$7,257
Pension Plan Contributions$4,394--$4,394
Travel$2,023--$2,023
Interest-$222-$222
Fees for Services Other$108--$108
Total Functional Expenses$361,214$290,802$0$652,016

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$652,019
Expenses per Audited Statements$652,016
Total Expenses per Form 990$652,016
Expenses Not Reported on Form 990$3
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$42
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, 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
2025-04-14
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
Maxwell CPA
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 -3”

Financial Statement Notes

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

“Book / tax depreciation difference 3”

Raw XML AppendixShowing 400 of 407 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/BOYAmt015011
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt010506
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/ManagementAndGeneralAmt014729
IRS990/AdvertisingGrp/ProgramServicesAmt0506
IRS990/AdvertisingGrp/TotalAmt015235
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02446
IRS990/AllOtherExpensesGrp/ProgramServicesAmt08062
IRS990/AllOtherExpensesGrp/TotalAmt010508
IRS990/AuditCommitteeInd0true
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/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0247197
IRS990/CashNonInterestBearingGrp/EOYAmt0225882
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt08077
IRS990/ConferencesMeetingsGrp/TotalAmt08077
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt019926
IRS990/CYOtherExpensesAmt0480610
IRS990/CYOtherRevenueAmt0180200
IRS990/CYProgramServiceRevenueAmt0469815
IRS990/CYRevenuesLessExpensesAmt017925
IRS990/CYSalariesCompEmpBnftPaidAmt0171406
IRS990/CYTotalExpensesAmt0652016
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0669941
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0148984
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt042628
IRS990/DepreciationDepletionGrp/ProgramServicesAmt011329
IRS990/DepreciationDepletionGrp/TotalAmt053957
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/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt038308
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt022919
IRS990/FeesForServicesAccountingGrp/TotalAmt022919
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0108
IRS990/FeesForServicesOtherGrp/TotalAmt0108
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0HOWARD BEATY
IRS990/Form990PartVIISectionAGrp/PersonNm1PHIL GILMORE
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES KNIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm3CRYSTAL MARSHALL
IRS990/Form990PartVIISectionAGrp/PersonNm4TOYCE NEWTON
IRS990/Form990PartVIISectionAGrp/PersonNm5DAN PEVY
IRS990/Form990PartVIISectionAGrp/PersonNm6JUSTIN REED
IRS990/Form990PartVIISectionAGrp/PersonNm7LINDA RUSHING
IRS990/Form990PartVIISectionAGrp/PersonNm8MANDY VICERS
IRS990/Form990PartVIISectionAGrp/PersonNm9LORI WALSH
IRS990/Form990PartVIISectionAGrp/PersonNm10JAMES MICHAEL SMITH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BORAD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY/ T
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0669941
IRS990/GrossRentsGrp/RealAmt015200
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt023376
IRS990/InsuranceGrp/ProgramServicesAmt03500
IRS990/InsuranceGrp/TotalAmt026876
IRS990/InterestGrp/ManagementAndGeneralAmt0222
IRS990/InterestGrp/TotalAmt0222
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt019926
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt019926
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt02
IRS990/LandBldgEquipAccumDeprecAmt01214845
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01211252
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01161430
IRS990/LandBldgEquipCostOrOtherBssAmt02376275
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/NetAssetsOrFundBalancesBOYAmt01946969
IRS990/NetAssetsOrFundBalancesEOYAmt01964891
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt015200
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt015200
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01946969
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01964891
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt018763
IRS990/OccupancyGrp/TotalAmt018763
IRS990/OfficeExpensesGrp/ProgramServicesAmt07257
IRS990/OfficeExpensesGrp/TotalAmt07257
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-3
IRS990/OtherExpensesGrp/Desc0RENT
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2GRANT EXPENSE
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0114958
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17596
IRS990/OtherExpensesGrp/ProgramServicesAmt0125000
IRS990/OtherExpensesGrp/ProgramServicesAmt167111
IRS990/OtherExpensesGrp/TotalAmt0125000
IRS990/OtherExpensesGrp/TotalAmt1114958
IRS990/OtherExpensesGrp/TotalAmt267111
IRS990/OtherExpensesGrp/TotalAmt37596
IRS990/OtherLiabilitiesGrp/BOYAmt042
IRS990/OtherLiabilitiesGrp/EOYAmt042
IRS990/OtherRevenueMiscGrp/Desc0IMPUTED RENTAL INCOME
IRS990/OtherRevenueMiscGrp/Desc1LAND LEASE REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0125000
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt140000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0125000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt140000
IRS990/OtherRevenueTotalAmt0165000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt040083
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0115031
IRS990/OtherSalariesAndWagesGrp/TotalAmt0155114
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03082
IRS990/PayrollTaxesGrp/ProgramServicesAmt08816
IRS990/PayrollTaxesGrp/TotalAmt011898
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04394
IRS990/PensionPlanContributionsGrp/TotalAmt04394
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0231070
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04853
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07115
IRS990/PrincipalOfficerNm0JAMES MICHAEL SMITH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SALES TAX REVENUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0469815
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0469815
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/ExpenseAmt0322906
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt08727
IRS990/PYOtherExpensesAmt0765883
IRS990/PYOtherRevenueAmt0525985
IRS990/PYProgramServiceRevenueAmt0438690
IRS990/PYRevenuesLessExpensesAmt035469
IRS990/PYSalariesCompEmpBnftPaidAmt0172050
IRS990/PYTotalExpensesAmt0937933
IRS990/PYTotalRevenueAmt0973402
IRS990/ReconcilationRevenueExpnssAmt017925
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt015200
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0469815
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0416634
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0581012
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0342969
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt071002
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0413971
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0125000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt0125000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt0125000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0125000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt0125000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0625000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt075126
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt066743
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt058236
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02455
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04376
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0206936
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02913027
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93910
IRS990ScheduleA/PublicSupportPY170Pct00.92060
IRS990ScheduleA/PublicSupportTotal170Amt03193514
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0469815
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0438690
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0428914
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0434252
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0382872
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt02154543
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0594815
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0906659
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0553914
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0630254
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0507872
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03193514
IRS990ScheduleA/TotalSupportAmt03400450
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotReportedAmt03
IRS990ScheduleD/ExpensesSubtotalAmt0652016
IRS990ScheduleD/LandGrp/BookValueAmt0484303
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0484303
IRS990ScheduleD/OtherExpensesIncludedAmt03
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0677127
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01214845
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01891972
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt042
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED STATE UNEMPLOYMENT
IRS990ScheduleD/RevenueSubtotalAmt0669941
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 3
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01161430
IRS990ScheduleD/TotalExpensesPerForm990Amt0652016
IRS990ScheduleD/TotalLiabilityAmt042
IRS990ScheduleD/TotalRevenuePerForm990Amt0669941
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0669941
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0652019
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 -3
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/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02111006
IRS990/TotalAssetsEOYAmt01975439
IRS990/TotalAssetsGrp/BOYAmt02111006
IRS990/TotalAssetsGrp/EOYAmt01975439
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0290802
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0361214
IRS990/TotalFunctionalExpensesGrp/TotalAmt0652016
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0164037
IRS990/TotalLiabilitiesEOYAmt010548
IRS990/TotalLiabilitiesGrp/BOYAmt0164037
IRS990/TotalLiabilitiesGrp/EOYAmt010548
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01946969
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01964891
IRS990/TotalOtherProgSrvcExpenseAmt0322906
IRS990/TotalProgramServiceExpensesAmt0361214
IRS990/TotalProgramServiceRevenueAmt0469815
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0669941
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0669941
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02111006
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01975439
IRS990/TravelGrp/ProgramServicesAmt02023
IRS990/TravelGrp/TotalAmt02023
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/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES MICHAEL SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08703648745
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-14
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/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0710800049
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAXWELL CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 CHERRYWOOD LN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CROSSETT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0716353921
ReturnHeader/PreparerPersonGrp/PhoneNum08703648992

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,975,439
Liabilities
$10,548
Net assets
$1,964,891
Revenue
$669,941
Expenses
$652,016
Net income
$17,925
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