Civic Intelligence

Great River Economic Development Fo Undation Inc.

990 • Fiscal year 2016 • EIN 75-2980853

Jan 01, 2016 to Dec 31, 2016 • Filed on May 16, 2017

4701 Memorial DrBlytheville, AR 72315

(870) 532-2100

Siviq Scores

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

Liabilities / Assets

54th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

54th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

46th percentile

1.6%

Higher net margin than 46% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

52nd percentile

2.7%

Faster asset growth than 52% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

49th percentile

0.0%

Faster revenue growth than 49% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$201,772

Up $5,307 (+2.7%) from 2015

Net Assets

Up

$201,772

Up $5,307 (+2.7%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Flat

$341,011

Flat from 2015

Expenses

Down

$335,704

Down $5,603 (-1.6%) from 2015

Net Income

Up

$5,307

Up $5,603 (+1893%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $177,795Liabilities 2011: $0Net Assets 2011: $177,7952011Assets 2012: $225,961Liabilities 2012: $0Net Assets 2012: $225,9612012Assets 2013: $195,519Liabilities 2013: $0Net Assets 2013: $195,5192013Assets 2014: $196,761Liabilities 2014: $0Net Assets 2014: $196,7612014Assets 2015: $196,465Liabilities 2015: $0Net Assets 2015: $196,4652015Assets 2016: $201,772Liabilities 2016: $0Net Assets 2016: $201,7722016Assets 2017: $206,523Liabilities 2017: $0Net Assets 2017: $206,5232017Assets 2018: $186,557Liabilities 2018: $0Net Assets 2018: $186,5572018Assets 2019: $234,486Liabilities 2019: $0Net Assets 2019: $234,4862019Assets 2020: $258,991Liabilities 2020: $0Net Assets 2020: $258,9912020Assets 2021: $304,684Liabilities 2021: $0Net Assets 2021: $304,6842021Assets 2022: $173,265Liabilities 2022: $1,102Net Assets 2022: $172,1632022Assets 2023: $179,412Liabilities 2023: $11,740Net Assets 2023: $167,6722023Assets 2024: $186,965Liabilities 2024: $3,608Net Assets 2024: $183,3572024

Highlighted filing

2016

Assets$201,772
Liabilities$0
Net Assets$201,772

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $255,758Expenses 2011: $321,548Net Income 2011: -$65,7902011Revenue 2012: $341,011Expenses 2012: $292,845Net Income 2012: $48,1662012Revenue 2013: $341,011Expenses 2013: $371,453Net Income 2013: -$30,4422013Revenue 2014: $341,011Expenses 2014: $339,769Net Income 2014: $1,2422014Revenue 2015: $341,011Expenses 2015: $341,307Net Income 2015: -$2962015Revenue 2016: $341,011Expenses 2016: $335,704Net Income 2016: $5,3072016Revenue 2017: $341,011Expenses 2017: $336,260Net Income 2017: $4,7512017Revenue 2018: $341,981Expenses 2018: $361,947Net Income 2018: -$19,9662018Revenue 2019: $398,554Expenses 2019: $443,378Net Income 2019: -$44,8242019Revenue 2020: $396,426Expenses 2020: $371,922Net Income 2020: $24,5042020Revenue 2021: $423,038Expenses 2021: $377,842Net Income 2021: $45,1962021Revenue 2022: $424,767Expenses 2022: $557,288Net Income 2022: -$132,5212022Revenue 2023: $530,010Expenses 2023: $534,501Net Income 2023: -$4,4912023Revenue 2024: $648,568Expenses 2024: $632,883Net Income 2024: $15,6852024

Highlighted filing

2016

Revenue$341,011
Expenses$335,704
Net Income$5,307
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 16, 2017
Return Version
2016v3.0
Gross Receipts
$341,011
Mission and Program Overview

Mission

Work to promote the economic, agricultural and industriual development of mississippi county, arkansas

CHARITABLE & EDUCATIONAL

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$196,465$201,772▲ $5,307
Rtn Earn Endowment Incm Other Fnds$196,465$201,772▲ $5,307
Total Assets$196,465$201,772▲ $5,307
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$196,465$201,772▲ $5,307
Total Liabilities and Net Assets / Fund Balance$196,465$201,772▲ $5,307
Compensation and Service Providers

Employees

NameTitleBaseTotal
Clifton ChitwoodPresident$137,690$137,690

Board Members and Trustees

NameTitle
Randy ScottPresident
Greg ReeceVice Chairma
Barrett HarrisonBoard Member
Becton BellBoard Member
Brad HarrisonBoard Member
Dickie KennemoreBoard Member
Don MarshallBoard Member
Gaylon RogersBoard Member
James SandersBoard Member
James ShemwellBoard Member
John LoganBoard Member
Lisa John-adamsBoard Member
Michae PankeyBoard Member
Mr WellsBoard Member
Wayne WagnerBoard Member
Kenny NobleSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$341,011
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$5,307
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$245,919
Other Expenses$89,785
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$188,502--$188,502
Other Employee Benefits$44,018--$44,018
Travel$14,547--$14,547
Payroll Taxes$13,399--$13,399
Other Expenses$7,477--$7,477
Occupancy$7,184--$7,184
Insurance$1,647--$1,647
Office Expenses$1,445--$1,445
Fees for Services Legal$971--$971
Conferences and Meetings$66--$66
Total Functional Expenses$335,704$0$0$335,704
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Form 990, Part VII

Form 990, part vii-compensation paid to officer by organization

Filing and Contact Details

Filer

Filer Name
Great River Economic Development
EIN
75-2980853
Address
4701 MEMORIAL DR, BLYTHEVILLE, AR 72315

Signing Officer

Name
Clifton Chitwood
Title
President
Signed
2017-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clifton Chitwood
Voting Board Members
17
Independent Board Members
17
Employees
2

Preparer

Firm
THOMAS SPEIGHT & NOBLE CPA'S
Address
420 W WALNUT ST, BLYTHEVILLE, AR 72315-2726
Preparer
Kenneth B Thomas
Phone
8707625831
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0201772
IRS990/TotalProgramServiceExpensesAmt0335704
IRS990/TotalReportableCompFromOrgAmt0137690
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0341011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0196465
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0201772
IRS990/TravelGrp/ProgramServicesAmt014547
IRS990/TravelGrp/TotalAmt014547
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt017
IRS990/WebsiteAddressTxt0NONE
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CLIFTON CHITWOOD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREAT RIVER ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0752980853
ReturnHeader/Filer/USAddress/AddressLine1Txt04701 MEMORIAL DR
ReturnHeader/Filer/USAddress/CityNm0BLYTHEVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072315
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E239B0134808776A5D3BBE8D3D070E54B44E5BD0
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId035D3879163D6E86CE39169CEF1932A0DEFAB2344
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0710657716
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THOMAS SPEIGHT & NOBLE CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0420 W WALNUT ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BLYTHEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0723152726
ReturnHeader/PreparerPersonGrp/PhoneNum08707625831
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH B THOMAS
ReturnHeader/ReturnTs02017-08-17T08:35:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.87$0.04$1.83$6.49$6.33$0.16
2023Detailed filing. Detailed filing data is available for this year.$1.79$0.12$1.68$5.30$5.35$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.73$0.01$1.72$4.25$5.57$1.33
2021Detailed filing. Detailed filing data is available for this year.$3.05$0.00$3.05$4.23$3.78$0.45
2020Detailed filing. Detailed filing data is available for this year.$2.59$0.00$2.59$3.96$3.72$0.25
2019Detailed filing. Detailed filing data is available for this year.$2.34$0.00$2.34$3.99$4.43$0.45
2018Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$3.42$3.62$0.20
2017Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$3.41$3.36$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$3.41$3.36$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$3.41$3.41$0.00
2014Summary only. Only limited summary data is available for this year.$1.97$0.00$1.97$3.41$3.40$0.01
2013Summary only. Only limited summary data is available for this year.$1.96$0.00$1.96$3.41$3.71$0.30
2012Summary only. Only limited summary data is available for this year.$2.26$0.00$2.26$3.41$2.93$0.48
2011Summary only. Only limited summary data is available for this year.$1.78$0.00$1.78$2.56$3.22$0.66