Civic Intelligence

Cross County Economic Development Corporation

990 • Fiscal year 2015 • EIN 71-6057612

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 12, 2016

PO Box 234Wynne, AR 72396

(870) 238-9300

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.39x

Higher debt load relative to assets than 73% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

100th percentile

6434%

Higher net margin than 100% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Asset Growth

18th percentile

-7.0%

Faster asset growth than 18% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Assets

Down

$2,014,476

Down $151,300 (-7.0%) from 2014

Net Assets

Down

$1,222,239

Down $90,785 (-6.9%) from 2014

Liabilities

Down

$792,237

Down $60,515 (-7.1%) from 2014

Revenue

Down

-$1,411

Down $59,465 (-102%) from 2014

Expenses

Up

$89,374

Up $75,557 (+547%) from 2014

Net Income

Down

-$90,785

Down $135,022 (-305%) from 2014

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 2010: $2,883,902Liabilities 2010: $1,136,008Net Assets 2010: $1,747,8942010Assets 2011: $2,590,660Liabilities 2011: $1,049,616Net Assets 2011: $1,541,0442011Assets 2012: $2,335,640Liabilities 2012: $959,226Net Assets 2012: $1,376,4142012Assets 2013: $2,137,428Liabilities 2013: $868,641Net Assets 2013: $1,268,7872013Assets 2014: $2,165,776Liabilities 2014: $852,752Net Assets 2014: $1,313,0242014Assets 2015: $2,014,476Liabilities 2015: $792,237Net Assets 2015: $1,222,2392015Assets 2016: $1,924,624Liabilities 2016: $720,857Net Assets 2016: $1,203,7672016Assets 2017: $1,838,456Liabilities 2017: $651,676Net Assets 2017: $1,186,7802017Assets 2018: $1,735,658Liabilities 2018: $584,819Net Assets 2018: $1,150,8392018Assets 2019: $1,655,894Liabilities 2019: $518,636Net Assets 2019: $1,137,2582019Assets 2020: $1,589,689Liabilities 2020: $439,120Net Assets 2020: $1,150,5692020Assets 2021: $1,519,526Liabilities 2021: $356,989Net Assets 2021: $1,162,5372021Assets 2022: $1,447,425Liabilities 2022: $276,627Net Assets 2022: $1,170,7982022Assets 2023: $1,452,298Liabilities 2023: $202,383Net Assets 2023: $1,249,9152023Assets 2024: $1,346,349Liabilities 2024: $122,866Net Assets 2024: $1,223,4832024

Highlighted filing

2015

Assets$2,014,476
Liabilities$792,237
Net Assets$1,222,239

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2010: $222,971Expenses 2010: $202,634Net Income 2010: $20,3372010Revenue 2011: -$24,187Expenses 2011: $182,663Net Income 2011: -$206,8502011Revenue 2012: -$18,721Expenses 2012: $145,909Net Income 2012: -$164,6302012Revenue 2013: -$32,418Expenses 2013: $75,209Net Income 2013: -$107,6272013Revenue 2014: $58,054Expenses 2014: $13,817Net Income 2014: $44,2372014Revenue 2015: -$1,411Expenses 2015: $89,374Net Income 2015: -$90,7852015Revenue 2016: -$16,597Expenses 2016: $1,875Net Income 2016: -$18,4722016Revenue 2017: -$13,311Expenses 2017: $3,676Net Income 2017: -$16,9872017Revenue 2018: -$8,798Expenses 2018: $27,143Net Income 2018: -$35,9412018Revenue 2019: -$12,111Expenses 2019: $1,470Net Income 2019: -$13,5812019Revenue 2020: $14,906Expenses 2020: $1,595Net Income 2020: $13,3112020Revenue 2021: $14,901Expenses 2021: $2,933Net Income 2021: $11,9682021Revenue 2022: $13,589Expenses 2022: $5,328Net Income 2022: $8,2612022Revenue 2023: $84,446Expenses 2023: $5,329Net Income 2023: $79,1172023Revenue 2024: -$21,104Expenses 2024: $5,328Net Income 2024: -$26,4322024

Highlighted filing

2015

Revenue-$1,411
Expenses$89,374
Net Income-$90,785
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 12, 2016
Return Version
2015v2.1
Gross Receipts
$198,826
Mission and Program Overview

Mission

The organization was established to promote business and economic development in cross county arkansas

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,602,747$1,528,952▼ $73,795
Savings and Temporary Cash Investments$280,417$291,094▲ $10,677
Cash and Non-Interest-Bearing Accounts$224,683$149,000▼ $75,683
Other Notes and Loans Receivable, Net$40,050$40,050→ $0
Prepaid Expenses and Deferred Charges$5,379$5,380▲ $1
Total Assets$2,165,776$2,014,476▼ $151,300
Other Assets Total$12,500--
Liabilities
Mortgage Notes Payable Secured by Investment Property$850,586$790,877▼ $59,709
Accounts Payable and Accrued Expenses$2,166$1,360▼ $806
Total Liabilities$852,752$792,237▼ $60,515
Net Assets / Fund Balance
Unrestricted Net Assets$1,313,024$1,222,239▼ $90,785
Total Net Assets Fund Balance$1,313,024$1,222,239▼ $90,785
Total Liabilities and Net Assets / Fund Balance$2,165,776$2,014,476▼ $151,300

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,528,952$473,015$2,001,967
Compensation and Service Providers

Board Members and Trustees

NameTitle
Norris CruthirdsPresident
Becca JacksonDirector
Faye FutchDirector
Leroy DangeauDirector
Mike WoodDirector
Dianna SiskTreasurer
Vance LawsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$789
Other Revenue
$-2,200
Change in Net Assets
$-90,785
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,374
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses---$12,500
Depreciation Depletion---$974
Insurance---$900
Total Functional Expenses$0$0$0$89,374
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

Reviewed by staff and executive director, and board president

Form 990, Page 6, Part VI, Line 19

PROVIDED UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Cross County Economic Development
EIN
71-6057612
Phone
8702389300
Address
PO BOX 234, WYNNE, AR 72396

Signing Officer

Name
Norris Cruthirds
Title
President
Phone
8702389300
Signed
2016-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Norris Cruthirds
Voting Board Members
7
Independent Board Members
7
Employees
1

Preparer

Firm
Meyer & Ward Cpas Pa
Address
PO BOX 1045 - 723 S FALLS BLVD ST, WYNNE, AR 72396
Preparer
Hoda D Ward CPA
Phone
8702387971
Supplemental Narrative

Additional Explanations

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

DISTANCE LEARNING

Form 990, Part XI, Line 9

Prior year understatement of ar -dra grant 0 prior year understatement of prepaid insurance 0 adjust for prior year donation of land to cross 0 county, arkansas 0 adjust for building donated to cross county 0 foundation (to be used for technology training) 0

Raw XML Appendix270 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED BY STAFF AND EXECUTIVE DIRECTOR, AND BOARD PRESIDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRIOR YEAR UNDERSTATEMENT OF AR -DRA GRANT 0 PRIOR YEAR UNDERSTATEMENT OF PREPAID INSURANCE 0 ADJUST FOR PRIOR YEAR DONATION OF LAND TO CROSS 0 COUNTY, ARKANSAS 0 ADJUST FOR BUILDING DONATED TO CROSS COUNTY 0 FOUNDATION (TO BE USED FOR TECHNOLOGY TRAINING) 0
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
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ReturnHeader/Filer/EIN0716057612
ReturnHeader/Filer/PhoneNum08702389300
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ReturnHeader/Filer/USAddress/ZIPCd072396
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MEYER & WARD CPAS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1045 - 723 S FALLS BLVD ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WYNNE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072396
ReturnHeader/PreparerPersonGrp/PhoneNum08702387971
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HODA D WARD CPA
ReturnHeader/ReturnTs02016-11-15T10:18:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.12$1.22$0.02$0.01$0.03
2023Summary only. Only limited summary data is available for this year.$1.45$0.20$1.25$0.08$0.01$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.28$1.17$0.01$0.01$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.36$1.16$0.01$0.00$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.44$1.15$0.01$0.00$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.52$1.14$0.01$0.00$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.58$1.15$0.01$0.03$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.65$1.19$0.01$0.00$0.02
2016Summary only. Only limited summary data is available for this year.$1.92$0.72$1.20$0.02$0.00$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.01$0.79$1.22$0.00$0.09$0.09
2014Summary only. Only limited summary data is available for this year.$2.17$0.85$1.31$0.06$0.01$0.04
2013Summary only. Only limited summary data is available for this year.$2.14$0.87$1.27$0.03$0.08$0.11
2012Summary only. Only limited summary data is available for this year.$2.34$0.96$1.38$0.02$0.15$0.16
2011Summary only. Only limited summary data is available for this year.$2.59$1.05$1.54$0.02$0.18$0.21
2010Summary only. Only limited summary data is available for this year.$2.88$1.14$1.75$0.22$0.20$0.02