Civic Intelligence

Arklatex Investment and Development Corp

990 • Fiscal year 2019 • EIN 72-0977439

Oct 01, 2018 to Sep 30, 2019 • Filed on Jan 03, 2020

Organization ProfileN/A
PO Box 37005Shreveport, LA 71133

(318) 632-2022

Siviq Scores

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

Liabilities / Assets

69th percentile

0.31x

Higher debt load relative to assets than 69% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

1.27x

Higher debt load relative to revenue than 96% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

98th percentile

56%

Higher net margin than 98% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

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

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

72nd percentile

14%

Faster asset growth than 72% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

98th percentile

101%

Faster revenue growth than 98% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$3,934,966

Up $476,673 (+14%) from 2018

Net Assets

Up

$2,723,133

Up $530,595 (+24%) from 2018

Liabilities

Down

$1,211,833

Down $53,922 (-4.3%) from 2018

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin98th percentile

Revenue

Up

$953,144

Up $479,065 (+101%) from 2018

Expenses

Down

$422,549

Down $292,094 (-41%) from 2018

Net Income

Up

$530,595

Up $771,159 (+321%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,717,194Liabilities 2011: $1,773,006Net Assets 2011: $2,944,1882011Assets 2012: $4,829,581Liabilities 2012: $1,753,533Net Assets 2012: $3,076,0482012Assets 2013: $4,157,438Liabilities 2013: $1,252,798Net Assets 2013: $2,904,6402013Assets 2014: $3,630,572Liabilities 2014: $1,062,335Net Assets 2014: $2,568,2372014Assets 2015: $3,521,862Liabilities 2015: $865,903Net Assets 2015: $2,655,9592015Assets 2016: $3,374,925Liabilities 2016: $775,618Net Assets 2016: $2,599,3072016Assets 2017: $3,480,079Liabilities 2017: $1,046,977Net Assets 2017: $2,433,1022017Assets 2018: $3,458,293Liabilities 2018: $1,265,755Net Assets 2018: $2,192,5382018Assets 2019: $3,934,966Liabilities 2019: $1,211,833Net Assets 2019: $2,723,1332019Assets 2020: $4,233,698Liabilities 2020: $1,365,206Net Assets 2020: $2,868,4922020Assets 2021: $4,312,567Liabilities 2021: $1,329,109Net Assets 2021: $2,983,4582021Assets 2022: $4,194,236Liabilities 2022: $1,279,117Net Assets 2022: $2,915,1192022Assets 2023: $4,146,562Liabilities 2023: $1,264,872Net Assets 2023: $2,881,6902023

Highlighted filing

2019

Assets$3,934,966
Liabilities$1,211,833
Net Assets$2,723,133
Open 2019 Filing

Operations Trend

Revenue Growth98th percentile

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

$1.0M$500K$0-$500KRevenue 2011: $14,463Expenses 2011: $73,538Net Income 2011: -$59,0752011Revenue 2012: $188,466Expenses 2012: $56,606Net Income 2012: $131,8602012Expenses 2013: $249,1532013Revenue 2014: $53,597Expenses 2014: $390,000Net Income 2014: -$336,4032014Revenue 2015: $180,232Expenses 2015: $146,600Net Income 2015: $33,6322015Revenue 2016: -$50,826Expenses 2016: $5,826Net Income 2016: -$56,6522016Revenue 2017: -$156,577Expenses 2017: $9,628Net Income 2017: -$166,2052017Revenue 2018: $474,079Expenses 2018: $714,643Net Income 2018: -$240,5642018Revenue 2019: $953,144Expenses 2019: $422,549Net Income 2019: $530,5952019Revenue 2020: $257,526Expenses 2020: $112,167Net Income 2020: $145,3592020Revenue 2021: $261,988Expenses 2021: $147,022Net Income 2021: $114,9662021Revenue 2022: $38,731Expenses 2022: $107,130Net Income 2022: -$68,3992022Revenue 2023: $1,571Expenses 2023: $35,000Net Income 2023: -$33,4292023

Highlighted filing

2019

Revenue$953,144
Expenses$422,549
Net Income$530,595
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jan 3, 2020
Return Version
2018v3.1
Gross Receipts
$1,142,623
Mission and Program Overview

Mission

Economic Development of 10 parishes in NW La

Economic development of 10 parishes in nw la and arklatex

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,915,974$2,773,998▼ $141,976
Savings and Temporary Cash Investments-$1,000,843-
Cash and Non-Interest-Bearing Accounts$521,509$153,253▼ $368,256
Prepaid Expenses and Deferred Charges$19,190--
Accounts Receivable-$6,872-
Total Assets$3,458,293$3,934,966▲ $476,673
Other Assets Total$1,620--
Liabilities
Other Liabilities$1,229,479$1,196,121▼ $33,358
Accounts Payable and Accrued Expenses$36,276$15,712▼ $20,564
Total Liabilities$1,265,755$1,211,833▼ $53,922
Net Assets / Fund Balance
Unrestricted Net Assets$2,192,538$2,723,133▲ $530,595
Total Net Assets Fund Balance$2,192,538$2,723,133▲ $530,595
Total Liabilities and Net Assets / Fund Balance$3,458,293$3,934,966▲ $476,673

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,773,998$1,590,925-
Compensation and Service Providers
Top Officer Pay24th percentile

Board Members and Trustees

NameTitle
L WalkerDirector
J SkaggsCEO
J ScarboroughVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$337,698
Investment Income
$134,937
Other Revenue
$480,509
Change in Net Assets
$530,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$422,549
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
Fees for Services Other---$422,549
Total Functional Expenses$0$0$0$422,549
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable$1,191,809
Accrued Int$4,312
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“AT BOARD MEETINGS”

Form 990, Page 6, Part VI, Line 7B

“AT BOARD MEETINGS”

Form 990, Page 6, Part VI, Line 10B

“Company policy manual maintained”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 12C

“CEO MONITORS”

Form 990, Page 6, Part VI, Line 15A

“BOARD APPROVES”

Form 990, Page 6, Part VI, Line 15B

“BOARD REVIEWS”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Arklatex Investment and Development
EIN
72-0977439
Phone
3186322022
Address
PO BOX 37005, SHREVEPORT, LA 71133

Signing Officer

Name
J Skaggs
Title
CEO
Phone
3186322022
Signed
2020-01-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Skaggs
Legal Domicile
La
Voting Board Members
15
Independent Board Members
15
Employees
1

Preparer

Firm
George E Mcgovern Iii CPA
Address
1300 GRIMMETT DR, SHREVEPORT, LA 71107-6502
Preparer
George E Mcgovern Iii
Phone
3182227555
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Salaries 46,683 0 0 util 87,961 0 0 repairs 130,223 0 0 office 9,589 0 0 amort 1,889 0 0 insurance 48,307 0 0 prof 11,698 0 0 interest 65,157 0 0 other 20,776 0 0 misc 266 0 0 total 422,549 0 0”

Raw XML Appendix277 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/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CEO MONITORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD APPROVES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SALARIES 46,683 0 0 UTIL 87,961 0 0 REPAIRS 130,223 0 0 OFFICE 9,589 0 0 AMORT 1,889 0 0 INSURANCE 48,307 0 0 PROF 11,698 0 0 INTEREST 65,157 0 0 OTHER 20,776 0 0 MISC 266 0 0 TOTAL 422,549 0 0
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ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,934,966
Liabilities
$1,211,833
Net assets
$2,723,133
Revenue
$953,144
Expenses
$422,549
Net income
$530,595
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$4.15$1.26$2.88$0.00$0.04$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.19$1.28$2.92$0.04$0.11$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.31$1.33$2.98$0.26$0.15$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.23$1.37$2.87$0.26$0.11$0.15
2019Detailed filing. Detailed filing data is available for this year.$3.93$1.21$2.72$0.95$0.42$0.53
2018Summary only. Only limited summary data is available for this year.$3.46$1.27$2.19$0.47$0.71$0.24
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$1.05$2.43$0.16$0.01$0.17
2016Detailed filing. Detailed filing data is available for this year.$3.37$0.78$2.60$0.05$0.01$0.06
2015Detailed filing. Detailed filing data is available for this year.$3.52$0.87$2.66$0.18$0.15$0.03
2014Summary only. Only limited summary data is available for this year.$3.63$1.06$2.57$0.05$0.39$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.16$1.25$2.90$0.25
2012Summary only. Only limited summary data is available for this year.$4.83$1.75$3.08$0.19$0.06$0.13
2011Summary only. Only limited summary data is available for this year.$4.72$1.77$2.94$0.01$0.07$0.06