Civic Intelligence

Independence County Econonic Developement Inc

990 • Fiscal year 2013 • EIN 80-0633627

Jan 01, 2013 to Dec 31, 2013 • Filed on May 12, 2014

Organization ProfileN/A
409 Vine Street72501

(870) 793-2378

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

96th percentile

77%

Higher net margin than 96% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

59th percentile

$68,785

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

34th percentile

-1.7%

Faster asset growth than 34% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$2,285,990

Down $39,828 (-1.7%) from 2012

Net Assets

Down

$2,284,982

Down $40,836 (-1.8%) from 2012

Liabilities

Up

$1,008

Up $1,008 from 2012

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin96th percentile

Revenue

$1,253,448

No earlier filing loaded for comparison.

Expenses

Down

$294,284

Down $583,387 (-66%) from 2012

Net Income

$959,164

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,947,134Liabilities 2011: $0Net Assets 2011: $1,947,1342011Assets 2012: $2,325,818Liabilities 2012: $0Net Assets 2012: $2,325,8182012Assets 2013: $2,285,990Liabilities 2013: $1,008Net Assets 2013: $2,284,9822013Assets 2014: $2,711,739Liabilities 2014: $0Net Assets 2014: $2,711,7392014Assets 2015: $2,283,256Liabilities 2015: $0Net Assets 2015: $2,283,2562015Assets 2016: $2,311,852Liabilities 2016: $0Net Assets 2016: $2,311,8522016Assets 2017: $2,324,856Liabilities 2017: $0Net Assets 2017: $2,324,8562017Assets 2018: $2,284,904Liabilities 2018: $0Net Assets 2018: $2,284,9042018Assets 2019: $2,067,422Liabilities 2019: $0Net Assets 2019: $2,067,4222019Assets 2020: $2,056,894Liabilities 2020: $0Net Assets 2020: $2,056,8942020Assets 2021: $2,073,039Liabilities 2021: $0Net Assets 2021: $2,073,0392021Assets 2022: $2,132,659Liabilities 2022: $0Net Assets 2022: $2,132,6592022Assets 2023: $2,167,524Liabilities 2023: $0Net Assets 2023: $2,167,5242023Assets 2024: $2,219,079Liabilities 2024: $0Net Assets 2024: $2,219,0792024

Highlighted filing

2013

Assets$2,285,990
Liabilities$1,008
Net Assets$2,284,982
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $783,5232011Expenses 2012: $877,6712012Revenue 2013: $1,253,448Expenses 2013: $294,284Net Income 2013: $959,1642013Revenue 2014: $553,595Expenses 2014: $130,702Net Income 2014: $422,8932014Revenue 2015: $36,406Expenses 2015: $464,889Net Income 2015: -$428,4832015Revenue 2016: $68,900Expenses 2016: $40,304Net Income 2016: $28,5962016Revenue 2017: $67,025Expenses 2017: $54,021Net Income 2017: $13,0042017Revenue 2018: $0Expenses 2018: $39,952Net Income 2018: -$39,9522018Revenue 2019: $83,838Expenses 2019: $301,320Net Income 2019: -$217,4822019Revenue 2020: $33,829Expenses 2020: $44,357Net Income 2020: -$10,5282020Revenue 2021: $20,295Expenses 2021: $4,150Net Income 2021: $16,1452021Revenue 2022: $59,620Expenses 2022: $0Net Income 2022: $59,6202022Revenue 2023: $34,865Expenses 2023: $0Net Income 2023: $34,8652023Revenue 2024: $51,555Expenses 2024: $0Net Income 2024: $51,5552024

Highlighted filing

2013

Revenue$1,253,448
Expenses$294,284
Net Income$959,164
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 12, 2014
Return Version
2013v3.1
Gross Receipts
$1,253,448
Mission and Program Overview

Mission

The purposes of the nonprofit corporation shall be to promote the economic developement of Independence County, Arkansas, to recruit new jobs and seek to retain and enhance existing jobs in Independence County; to develop and manage an adequately funded economic development plan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,325,818$2,284,982▲ $959,164
Cash and Non-Interest-Bearing Accounts$1,139,777$1,025,016▼ $114,761
Land, Buildings, and Equipment, Net$186,041$648,974▲ $462,933
Savings and Temporary Cash Investments-$612,000-
Total Assets$1,325,818$2,285,990▲ $960,172
Liabilities
Accounts Payable and Accrued Expenses-$1,008-
Total Liabilities$0$1,008▲ $1,008
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,325,818$2,284,982▲ $959,164
Total Liabilities and Net Assets / Fund Balance$1,325,818$2,285,990▲ $960,172

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$387,281-$387,281
Land$260,849-$260,849
Other Land Buildings$844-$844
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Laurence T JonesExecutive DirectorFT$68,785$68,785

Board Members and Trustees

NameTitle
Andy MontgomeryDirector
Debbie FrazierDirector
Denny GipsonDirector
Dr Jeff AngelDirector
Herb LawrenceDirector
Jerry WilsonDirector
Patti KingDirector
Renee MartinDirector
Robert StroudDirector
Vonda CrowlDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,253,448
Change in Net Assets
$959,164
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$104,210
Grants and Similar Amounts Paid$103,250
Salaries, Compensation, and Employee Benefits$86,824
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$103,250--$103,250
Current Officers, Directors, Trustees, and Key Employees-$68,785-$68,785
Information Technology-$16,333-$16,333
Occupancy-$10,084-$10,084
Pension Plan Contributions-$9,555-$9,555
Fees for Services Management-$8,698-$8,698
Advertising-$7,011-$7,011
Fees for Services Other-$5,935-$5,935
Travel-$5,816-$5,816
Office Expenses-$5,420-$5,420
Payroll Taxes-$5,280-$5,280
Conferences and Meetings-$3,890-$3,890
Other Employee Benefits-$2,984-$2,984
Other Expenses-$2,500-$2,500
All Other Expenses-$1,841-$1,841
Insurance-$1,261-$1,261
Fees for Services Accounting-$950-$950
Other Salaries and Wages-$220-$220
Depreciation Depletion-$155-$155
Total Functional Expenses$103,250$191,034$0$294,284
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
Governance and Compliance

Governance Checklist

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

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“The members of the nonprofit corporation shall be all of the duly elected and qualified Justices of the Peace and the duly elected and qualified County Judge of Independence County, Arkansas and the board of directors.”

Form 990 governing body review Part VI line 11

“Form 990 is reviewed by the executive director prior to submission to the IRS.”

Conflict of interest policy compliance Part VI line 12C

“Any item presented to the board of directors, that a board member is associated with, is discussed and voted on after the affected board member recuses himself.”

CEO executive director top management comp Part VI line 15A

“Section 2(l) of the By-Laws states, The Executive Director will be periodically evaluated, at least annually, based upon job performance. The evaluation will be accomplished by the Executive Committe. The evaluation shall be signed by both the President and the Executive Director.”

Governing documents etc available to public Part VI line 19

“Copies of governing documents, etc are kept on file in the office of the Executive Director, and are available for inspection during normal business hours.”

Filing and Contact Details

Filer

EIN
80-0633627

Signing Officer

Name
Laurence T Jones
Title
Director
Phone
8707932378
Signed
2014-05-12
Discuss with paid preparer
No

Organization Details

Principal Officer
Laurence T Jones
Formed
2009
Legal Domicile
Ar
Voting Board Members
12
Independent Board Members
12
Employees
1

Preparer

Preparer
James L Hanson
Phone
8705353482
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt0750
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Grant to Atlas Asphalt to assist in the developement of a new product which will result in the addition of four new full-time employees.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Funds for Concord Specialty Corrugated Company to help in operations.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2Provided funds to the Batesville Area Chamber of Commerce to assist in their tourism programs.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt015000
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt12500
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt25000
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt015000
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt12500
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt25000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0759450
IRS990/PYOtherExpensesAmt047666
IRS990/PYOtherRevenueAmt01256355
IRS990/PYRevenuesLessExpensesAmt0378684
IRS990/PYSalariesCompEmpBnftPaidAmt070555
IRS990/PYTotalExpensesAmt0877671
IRS990/PYTotalRevenueAmt01256355
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0959164
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01325818
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02284982
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0612000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt027
IRS990ScheduleA/OtherIncome170Grp/TotalAmt027
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt04469902
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt01256355
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt01283308
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt01227056
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0703183
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt04469902
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01256355
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01283308
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01227056
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0703183
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04469902
IRS990ScheduleA/TotalSupportAmt04469929
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/DirectContactLegislatorsInd0false
IRS990ScheduleC/Form4720Filed4912TaxInd0false
IRS990ScheduleC/GrantsOtherOrganizationsInd0false
IRS990ScheduleC/MailingsMembersInd0false
IRS990ScheduleC/MediaAdvertisementsInd0false
IRS990ScheduleC/NotDescribedSection501c3Ind0false
IRS990ScheduleC/OtherActivitiesInd0false
IRS990ScheduleC/PaidStaffOrManagementInd0false
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/VolunteersInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0387281
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0387281
IRS990ScheduleD/LandGrp/BookValueAmt0260849
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0260849
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0844
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0844
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0648974
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Expansion
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Expansion
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Expansion
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Expansion
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Expansion
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Expansion
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10Bad Boy Mowers Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11Peco Foods
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine12Harvest Fresh Farms
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine13Independence Wholesale Supply
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine14Hytec Machine Company
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine15Concord Specialty Corporation
IRS990ScheduleI/RecipientTable/RecipientEIN0710817259
IRS990ScheduleI/RecipientTable/RecipientEIN1630574021
IRS990ScheduleI/RecipientTable/RecipientEIN2261566387
IRS990ScheduleI/RecipientTable/RecipientEIN3460969161
IRS990ScheduleI/RecipientTable/RecipientEIN4452657400
IRS990ScheduleI/RecipientTable/RecipientEIN5710798957
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10102 Industrial Drive
IRS990ScheduleI/RecipientTable/USAddress/AddressLine11Lawrence Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine12Batesville
IRS990ScheduleI/RecipientTable/USAddress/AddressLine13Batesville
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1412 Pepsi Cola Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine15101 Industrial Drive
IRS990ScheduleI/RecipientTable/USAddress/City0Batesville
IRS990ScheduleI/RecipientTable/USAddress/City1Batesville
IRS990ScheduleI/RecipientTable/USAddress/City2Batesville
IRS990ScheduleI/RecipientTable/USAddress/City3Batesville
IRS990ScheduleI/RecipientTable/USAddress/City4Batesville
IRS990ScheduleI/RecipientTable/USAddress/City5Batesville
IRS990ScheduleI/RecipientTable/USAddress/State0AR
IRS990ScheduleI/RecipientTable/USAddress/State1AR
IRS990ScheduleI/RecipientTable/USAddress/State2AR
IRS990ScheduleI/RecipientTable/USAddress/State3AR
IRS990ScheduleI/RecipientTable/USAddress/State4AR
IRS990ScheduleI/RecipientTable/USAddress/State5AR
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode072501
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode172501
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode272501
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode372501
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode472501
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode572501
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The organization monitor's the use of funds granted to grantees by annual site visits and records inspections.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Additional Information for Schedule I
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The members of the nonprofit corporation shall be all of the duly elected and qualified Justices of the Peace and the duly elected and qualified County Judge of Independence County, Arkansas and the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is reviewed by the executive director prior to submission to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Any item presented to the board of directors, that a board member is associated with, is discussed and voted on after the affected board member recuses himself.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Section 2(l) of the By-Laws states, The Executive Director will be periodically evaluated, at least annually, based upon job performance. The evaluation will be accomplished by the Executive Committe. The evaluation shall be signed by both the President and the Executive Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Copies of governing documents, etc are kept on file in the office of the Executive Director, and are available for inspection during normal business hours.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AR
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01325818
IRS990/TotalAssetsEOYAmt02285990
IRS990/TotalAssetsGrp/BOYAmt01325818
IRS990/TotalAssetsGrp/EOYAmt02285990
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,285,990
Liabilities
$1,008
Net assets
$2,284,982
Revenue
$1,253,448
Expenses
$294,284
Net income
$959,164
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$0.05$0.00$0.05
2023Detailed filing. Detailed filing data is available for this year.$2.17$0.00$2.17$0.03$0.00$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$0.06$0.00$0.06
2021Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$0.02$0.00$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$0.03$0.04$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$0.08$0.30$0.22
2018Detailed filing. Detailed filing data is available for this year.$2.28$0.00$2.28$0.00$0.04$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.32$0.00$2.32$0.07$0.05$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.31$0.00$2.31$0.07$0.04$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.28$0.00$2.28$0.04$0.46$0.43
2014Detailed filing. Detailed filing data is available for this year.$2.71$0.00$2.71$0.55$0.13$0.42
2013Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.28$1.25$0.29$0.96
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$0.00$2.33$0.88
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.00$1.95$0.78