Civic Intelligence

Independence County Econonic Developement Inc

990 • Fiscal year 2018 • EIN 80-0633627

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

Organization ProfileN/A
700 Pepsi Cola RdBatesville, AR 72501

(870) 792-2378

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2018

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

38th percentile

-1.7%

Faster asset growth than 38% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$2,284,904

Down $39,952 (-1.7%) from 2017

Net Assets

Down

$2,284,904

Down $39,952 (-1.7%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $67,025 (-100%) from 2017

Expenses

Down

$39,952

Down $14,069 (-26%) from 2017

Net Income

Down

-$39,952

Down $52,956 (-407%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth38th 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

2018

Assets$2,284,904
Liabilities$0
Net Assets$2,284,904
Open 2018 Filing

Operations Trend

Revenue Growth1st percentile

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

2018

Revenue$0
Expenses$39,952
Net Income-$39,952
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$0
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.

The purposes of the nonprofit corporation shall be to promote the economic development 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$2,324,856$2,284,904▼ $39,952
Land, Buildings, and Equipment, Net$1,754,212$1,721,501▼ $32,711
Cash and Non-Interest-Bearing Accounts$570,644$563,403▼ $7,241
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,324,856$2,284,904▼ $39,952
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,324,856$2,284,904▼ $39,952
Total Liabilities and Net Assets / Fund Balance$2,324,856$2,284,904▼ $39,952

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$697,167$92,959$387,525
Land$258,047-$258,047
Equipment$1,336$2,066$3,402
Other Land Buildings$764,951$57,023-
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Vonda HalfordPresident
Andy MontgomeryDirector
Chris BellerDirector
Crystal JohnsonDirector
Debbie FrazierDirector
Eric MohlkeDirector
Jerry WilsonDirector
Patti KingDirector
Vonda CrowlDirector
Renee MartinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-39,952
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$39,952
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
Depreciation Depletion-$32,712-$32,712
Advertising$6,000--$6,000
Occupancy$630--$630
Other Expenses-$72-$72
Total Functional Expenses$6,630$33,322$0$39,952
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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

Form 990, Part VI, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Independence County Economic
EIN
80-0633627
Phone
8707922378
Address
700 PEPSI COLA RD, BATESVILLE, AR 72501

Signing Officer

Name
Vonda Halford
Title
President
Signed
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
Ar
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Welch Couch & Company PA
Address
410 Barnett Dr, Batesville, AR 72501
Preparer
John Ed Welch
Phone
8707935231
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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/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-39952
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02324856
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02284904
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0512200
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0512200
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0512200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0512200
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0512200
IRS990ScheduleA/TotalSupportAmt0512200
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0697167
IRS990ScheduleD/BuildingsGrp/DepreciationAmt092959
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0402601
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0387525
IRS990ScheduleD/EquipmentGrp/BookValueAmt01336
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02066
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03402
IRS990ScheduleD/LandGrp/BookValueAmt0258047
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0258047
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0764951
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt057023
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0821974
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01721501
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02324856
IRS990/TotalAssetsEOYAmt02284904
IRS990/TotalAssetsGrp/BOYAmt02324856
IRS990/TotalAssetsGrp/EOYAmt02284904
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033322
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06630
IRS990/TotalFunctionalExpensesGrp/TotalAmt039952
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02324856
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02284904
IRS990/TotalProgramServiceExpensesAmt06630
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02324856
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02284904
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0700 PEPSI COLA RD
IRS990/USAddress/CityNm0BATESVILLE
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072501
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VONDA HALFORD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDEPENDENCE COUNTY ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0800633627
ReturnHeader/Filer/PhoneNum08707922378
ReturnHeader/Filer/USAddress/AddressLine1Txt0700 PEPSI COLA RD
ReturnHeader/Filer/USAddress/CityNm0BATESVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072501
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0710623618
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Welch Couch & Company PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0410 Barnett Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Batesville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072501
ReturnHeader/PreparerPersonGrp/PhoneNum08707935231
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN ED WELCH
ReturnHeader/ReturnTs02019-11-11T06:12:43-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,284,904
Liabilities
$0
Net assets
$2,284,904
Revenue
$0
Expenses
$39,952
Net income
-$39,952
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