Civic Intelligence

Ark-Tex Regional Development Company (At

990 • Fiscal year 2016 • EIN 75-1857480

Oct 01, 2015 to Sep 30, 2016 • Filed on Aug 03, 2017

Organization ProfileN/A
P O Box 5307Texarkana, TX 75505

(903) 832-8636

Siviq Scores

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

Liabilities / Assets

96th percentile

0.96x

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

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

0.55x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

3rd percentile

-86%

Higher net margin than 3% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

97th percentile

$105,873

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 135.6% of source-year revenue.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

5th percentile

-54%

Faster asset growth than 5% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

6th percentile

-42%

Faster revenue growth than 6% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$45,149

Down $53,849 (-54%) from 2015

Net Assets

Down

$1,892

Down $66,970 (-97%) from 2015

Liabilities

Up

$43,257

Up $13,121 (+44%) from 2015

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin3rd percentile

Revenue

Down

$78,106

Down $56,974 (-42%) from 2015

Expenses

Down

$145,076

Down $21,306 (-13%) from 2015

Net Income

Down

-$66,970

Down $35,668 (-114%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$150K$100K$50K$0Assets 2010: $28,403Liabilities 2010: $5,147Net Assets 2010: $23,2562010Assets 2011: $60,562Liabilities 2011: $13,648Net Assets 2011: $46,9142011Assets 2012: $149,225Liabilities 2012: $79,716Net Assets 2012: $69,5092012Assets 2013: $145,971Liabilities 2013: $50,737Net Assets 2013: $95,2342013Assets 2014: $133,804Liabilities 2014: $33,640Net Assets 2014: $100,1642014Assets 2015: $98,998Liabilities 2015: $30,136Net Assets 2015: $68,8622015Assets 2016: $45,149Liabilities 2016: $43,257Net Assets 2016: $1,8922016Assets 2017: $56,468Liabilities 2017: $556Net Assets 2017: $55,9122017Assets 2018: $27,732Liabilities 2018: $0Net Assets 2018: $27,7322018Assets 2019: $25,310Liabilities 2019: $0Net Assets 2019: $25,3102019Assets 2020: $27,660Liabilities 2020: $6,133Net Assets 2020: $21,5272020Assets 2021: $66,874Liabilities 2021: $4,116Net Assets 2021: $62,7582021Assets 2022: $99,586Liabilities 2022: $5,624Net Assets 2022: $93,9622022Assets 2023: $91,450Liabilities 2023: $0Net Assets 2023: $91,4502023Assets 2024: $99,974Liabilities 2024: $806Net Assets 2024: $99,1682024

Highlighted filing

2016

Assets$45,149
Liabilities$43,257
Net Assets$1,892
Open 2016 Filing

Operations Trend

Revenue Growth6th percentile

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

$200K$100K$0-$100KExpenses 2010: $108,0452010Expenses 2011: $126,0852011Expenses 2012: $149,1932012Expenses 2013: $138,6292013Revenue 2014: $159,253Expenses 2014: $154,323Net Income 2014: $4,9302014Revenue 2015: $135,080Expenses 2015: $166,382Net Income 2015: -$31,3022015Revenue 2016: $78,106Expenses 2016: $145,076Net Income 2016: -$66,9702016Revenue 2017: $152,432Expenses 2017: $98,410Net Income 2017: $54,0222017Revenue 2018: $91,927Expenses 2018: $120,107Net Income 2018: -$28,1802018Revenue 2019: $62,940Expenses 2019: $65,362Net Income 2019: -$2,4222019Revenue 2020: $48,157Expenses 2020: $51,940Net Income 2020: -$3,7832020Revenue 2021: $70,262Expenses 2021: $29,031Net Income 2021: $41,2312021Revenue 2022: $124,320Expenses 2022: $93,116Net Income 2022: $31,2042022Revenue 2023: $70,808Expenses 2023: $73,320Net Income 2023: -$2,5122023Revenue 2024: $66,368Expenses 2024: $58,650Net Income 2024: $7,7182024

Highlighted filing

2016

Revenue$78,106
Expenses$145,076
Net Income-$66,970
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Aug 3, 2017
Return Version
2015v3.0
Gross Receipts
$78,106
Mission and Program Overview

Mission

The ark tex regional development company is organized for the primary purpose and objective of furthering the economic development and social welfare of the member counties and their environs by promoting and assisting the growth and development of business concerns, including small business concerns. The principal objectives of the corporation shall be to benefit the community by fostering the increased employment opportunities and expansion of business and industry for the citizens of the area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$98,998$45,149▼ $53,849
Total Assets$98,998$45,149▼ $53,849
Liabilities
Other Liabilities$30,136$43,257▲ $13,121
Total Liabilities$30,136$43,257▲ $13,121
Net Assets / Fund Balance
Unrestricted Net Assets$68,862$1,892▼ $66,970
Total Net Assets Fund Balance$68,862$1,892▼ $66,970
Total Liabilities and Net Assets / Fund Balance$98,998$45,149▼ $53,849
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Christopher BrownExecutive Director (CEO)FT$105,873$105,873
Linda K MooreFinance ManagerFT$64,058$64,058

Board Members and Trustees

NameTitle
Michael MalonePresident
Denis WashingtonVice President
Freddie TaylorDirector
Kenny HaskinsDirector
Kevin RoseDirector
Ld WilliamsonDirector
Lori YatesDirector
Pam BondsDirector
Randy MooreSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$54,197
Program Service Revenue
$23,615
Investment Income
$294
Other Revenue
$0
Change in Net Assets
$-66,970
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$85,564
Other Expenses$59,512
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$54,569
Other Employee Benefits---$26,820
Office Expenses---$10,943
Fees for Services Legal---$7,300
Payroll Taxes---$4,175
Occupancy---$2,763
Fees for Service Investment Mgmnt Fees---$2,150
Travel---$1,043
Other Expenses---$690
Interest---$659
Total Functional Expenses$0$0$0$145,076
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
Due to Ark-tex Council of Governments$43,257
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The operations of the ark tex regional development company are managed by the ark tex council of governments.”

Form 990, Part VI, Section A, Line 7A

“The membership of the ark tex regional development company are appointed by the executive board of the ark tex council of governments.”

Form 990, Part VI, Section A, Line 7B

“Decisions of the nine member executive board of directors are subject to approval by the membership at the annual meeting of the members and election of the atrdc executive board.”

Form 990, Part VI, Section B, Line 11

“A copy of the form 990 in electronic format was submitted to the executive committee of the board of directors for their review prior to the board meeting. Paper copies were provided to all board members at the meeting at which time the return was approved, signed by the executive director and submitted for filing.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest forms are completed annually by all employees and board members. This organization is a component unit of the ark-tex council of governments; therefore, all policies are also part of ark-tex regional development company.”

Form 990, Part VI, Section B, Line 15

“During the atcog budget process, the organization is required by the state to submit all salaries to the comptroller, office of the governor, legislative budget board, and state auditor. This is done after it is presented to the board of directors for approval in june prior to year end.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Ark-tex Regional Development Company
EIN
75-1857480
Phone
9038328636
Address
P O BOX 5307, TEXARKANA, TX 75505

Signing Officer

Name
Chris Brown
Title
Executive Director
Phone
9038328636
Signed
2017-08-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Brown
Formed
1982
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Pattillo Brown & Hill Llp
Address
P O BOX 20725, WACO, TX 76702-0725
Preparer
Sharon M Herwald CPA
Phone
2547724901
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“Process has not changed from the prior year.”

Raw XML AppendixShowing 400 of 403 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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR (CEO)
IRS990/Form990PartVIISectionAGrp/TitleTxt10FINANCE MANAGER
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IRS990/MissionDesc0THE ARK TEX REGIONAL DEVELOPMENT COMPANY IS ORGANIZED FOR THE PRIMARY PURPOSE AND OBJECTIVE OF FURTHERING THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE MEMBER COUNTIES AND THEIR ENVIRONS BY PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS. THE PRINCIPAL OBJECTIVES OF THE CORPORATION SHALL BE TO BENEFIT THE COMMUNITY BY FOSTERING THE INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF THE AREA.
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt043257
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO ARK-TEX COUNCIL OF GOVERNMENTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt043257
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE OPERATIONS OF THE ARK TEX REGIONAL DEVELOPMENT COMPANY ARE MANAGED BY THE ARK TEX COUNCIL OF GOVERNMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP OF THE ARK TEX REGIONAL DEVELOPMENT COMPANY ARE APPOINTED BY THE EXECUTIVE BOARD OF THE ARK TEX COUNCIL OF GOVERNMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS OF THE NINE MEMBER EXECUTIVE BOARD OF DIRECTORS ARE SUBJECT TO APPROVAL BY THE MEMBERSHIP AT THE ANNUAL MEETING OF THE MEMBERS AND ELECTION OF THE ATRDC EXECUTIVE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 IN ELECTRONIC FORMAT WAS SUBMITTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO THE BOARD MEETING. PAPER COPIES WERE PROVIDED TO ALL BOARD MEMBERS AT THE MEETING AT WHICH TIME THE RETURN WAS APPROVED, SIGNED BY THE EXECUTIVE DIRECTOR AND SUBMITTED FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONFLICT OF INTEREST FORMS ARE COMPLETED ANNUALLY BY ALL EMPLOYEES AND BOARD MEMBERS. THIS ORGANIZATION IS A COMPONENT UNIT OF THE ARK-TEX COUNCIL OF GOVERNMENTS; THEREFORE, ALL POLICIES ARE ALSO PART OF ARK-TEX REGIONAL DEVELOPMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DURING THE ATCOG BUDGET PROCESS, THE ORGANIZATION IS REQUIRED BY THE STATE TO SUBMIT ALL SALARIES TO THE COMPTROLLER, OFFICE OF THE GOVERNOR, LEGISLATIVE BUDGET BOARD, AND STATE AUDITOR. THIS IS DONE AFTER IT IS PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL IN JUNE PRIOR TO YEAR END.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0145076
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ARK-TEX COUNCIL OF GOVERNMENTS
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IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt098998
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IRS990/TotalEmployeeCnt00
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IRS990/TotalOtherCompensationAmt025652
IRS990/TotalProgramServiceExpensesAmt0145076
IRS990/TotalProgramServiceRevenueAmt023615
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0294
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt023615
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt078106
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS BROWN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09038328636
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-03
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ReturnHeader/Filer/BusinessNameControlTxt0ARK-
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ReturnHeader/Filer/PhoneNum09038328636
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ReturnHeader/Filer/USAddress/CityNm0TEXARKANA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0741130599
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PATTILLO BROWN & HILL LLP
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WACO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0767020725
ReturnHeader/PreparerPersonGrp/PhoneNum02547724901
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHARON M HERWALD CPA
ReturnHeader/ReturnTs02017-08-08T09:58:13-05:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$45,149
Liabilities
$43,257
Net assets
$1,892
Revenue
$78,106
Expenses
$145,076
Net income
-$66,970
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.00$0.01$0.99$0.66$0.59$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.71$0.73$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.06$0.94$1.24$0.93$0.31
2021Detailed filing. Detailed filing data is available for this year.$0.67$0.04$0.63$0.70$0.29$0.41
2020Detailed filing. Detailed filing data is available for this year.$0.28$0.06$0.22$0.48$0.52$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.63$0.65$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.92$1.20$0.28
2017Detailed filing. Detailed filing data is available for this year.$0.56$0.01$0.56$1.52$0.98$0.54
2016Detailed filing. Detailed filing data is available for this year.$0.45$0.43$0.02$0.78$1.45$0.67
2015Detailed filing. Detailed filing data is available for this year.$0.99$0.30$0.69$1.35$1.66$0.31
2014Detailed filing. Detailed filing data is available for this year.$1.34$0.34$1.00$1.59$1.54$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.51$0.95$1.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.80$0.70$1.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.14$0.47$1.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.05$0.23$1.08