Civic Intelligence

Independence County Econonic Developement Inc

990 • Fiscal year 2014 • EIN 80-0633627

Jan 01, 2014 to Dec 31, 2014 • Filed on May 10, 2015

Organization ProfileN/A
500 East MainBatesville, AR 72501

(870) 793-2378

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

96th percentile

76%

Higher net margin than 96% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

44th percentile

$47,338

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

81st percentile

19%

Faster asset growth than 81% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

4th percentile

-56%

Faster revenue growth than 4% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$2,711,739

Up $425,749 (+19%) from 2013

Net Assets

Up

$2,711,739

Up $426,757 (+19%) from 2013

Liabilities

Down

$0

Down $1,008 (-100%) from 2013

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin96th percentile

Revenue

Down

$553,595

Down $699,853 (-56%) from 2013

Expenses

Down

$130,702

Down $163,582 (-56%) from 2013

Net Income

Down

$422,893

Down $536,271 (-56%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth81st 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

2014

Assets$2,711,739
Liabilities$0
Net Assets$2,711,739
Open 2014 Filing

Operations Trend

Revenue Growth4th 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

2014

Revenue$553,595
Expenses$130,702
Net Income$422,893
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 10, 2015
Return Version
2014v5.0
Gross Receipts
$561,200
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$2,284,982$2,711,739▲ $426,757
Land, Buildings, and Equipment, Net$648,974$1,852,319▲ $1,203,345
Cash and Non-Interest-Bearing Accounts$1,025,016$859,420▼ $165,596
Savings and Temporary Cash Investments$612,000--
Total Assets$2,285,990$2,711,739▲ $425,749
Liabilities
Accounts Payable and Accrued Expenses$1,008--
Total Liabilities$1,008$0▼ $1,008
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,284,982$2,711,739▲ $426,757
Total Liabilities and Net Assets / Fund Balance$2,285,990$2,711,739▲ $425,749

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$776,152$13,974$387,525
Land$258,047-$258,047
Equipment$2,697$705$3,402
Other Land Buildings$815,423$6,551-
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Laurence T JonesExecutive DirectorFT$47,338$47,338

Board Members and Trustees

NameTitle
Andy MontgomeryDirector
Cris Beller DDSDirector
Debbie FrazierDirector
Denny GipsonDirector
Herb LawrenceDirector
Jerry WilsonDirector
Patti KingDirector
Renee MartinDirector
Robert StroudDirector
Vonda CrowlDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Provence Construction CoConstruction501 Matlock, Cave City, AR 72521$311,636
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$553,595
Change in Net Assets
$422,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$69,057
Salaries, Compensation, and Employee Benefits$61,645
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$47,338-$47,338
Depreciation Depletion$20,525$340-$20,865
Fees for Services Management-$10,044-$10,044
Insurance-$10,044-$10,044
Pension Plan Contributions-$7,025-$7,025
Occupancy-$4,925-$4,925
Conferences and Meetings$3,900$189-$4,089
Fees for Services Legal-$3,958-$3,958
Payroll Taxes-$3,666-$3,666
Other Employee Benefits-$3,616-$3,616
Travel-$3,386-$3,386
Other Expenses$1,205$3,065-$3,065
Office Expenses-$2,180-$2,180
Fees for Services Accounting-$985-$985
Information Technology-$342-$342
Total Functional Expenses$25,630$105,072$0$130,702
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
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

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

Filer Name
Independence County Econonic Developement Inc
EIN
80-0633627
Address
500 East Main, Batesville, AR 72501

Signing Officer

Name
Robert Stroud
Title
Director
Phone
8707938350
Signed
2015-05-10
Discuss with paid preparer
No

Organization Details

Formed
2009
Legal Domicile
Ar
Voting Board Members
12
Independent Board Members
12
Employees
1

Preparer

Firm
James L Hanson CPA PA
Address
701 West 6th Street, Pine Bluff, AR 71601
Preparer
James L Hanson
Phone
8705353482
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IRS990/PriorPeriodAdjustmentsAmt03864
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0103250
IRS990/PYOtherExpensesAmt0104210
IRS990/PYOtherRevenueAmt01253448
IRS990/PYRevenuesLessExpensesAmt0959164
IRS990/PYSalariesCompEmpBnftPaidAmt086824
IRS990/PYTotalExpensesAmt0294284
IRS990/PYTotalRevenueAmt01253448
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0422893
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt041395
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02284982
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02711739
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0612000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt049000
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt049000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt027
IRS990ScheduleA/OtherIncome170Grp/TotalAmt027
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99120
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt05532367
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0512200
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt01253448
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt01256355
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt01283308
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt01227056
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt05532367
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0512200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01253448
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01256355
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01283308
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01227056
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05532367
IRS990ScheduleA/TotalSupportAmt05581394
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/DirectContactLegislatorsInd0false
IRS990ScheduleC/GrantsOtherOrganizationsInd0false
IRS990ScheduleC/MailingsMembersInd0false
IRS990ScheduleC/MediaAdvertisementsInd0false
IRS990ScheduleC/NotDescribedSection501c3Ind0false
IRS990ScheduleC/OtherActivitiesInd0false
IRS990ScheduleC/PaidStaffOrManagementInd0false
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/VolunteersInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0776152
IRS990ScheduleD/BuildingsGrp/DepreciationAmt013974
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0402601
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0387525
IRS990ScheduleD/EquipmentGrp/BookValueAmt02697
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0705
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03402
IRS990ScheduleD/LandGrp/BookValueAmt0258047
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0258047
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0815423
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06551
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0821974
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01852319
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt047338
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Laurence T Jones
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt047338
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
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/StatesWhereCopyOfReturnIsFldCd0AR
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02285990
IRS990/TotalAssetsEOYAmt02711739
IRS990/TotalAssetsGrp/BOYAmt02285990
IRS990/TotalAssetsGrp/EOYAmt02711739
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0105072
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt025630
IRS990/TotalFunctionalExpensesGrp/TotalAmt0130702
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01008
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt01008
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02284982
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02711739
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt025630
IRS990/TotalReportableCompFromOrgAmt047338
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0553595
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0553595
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02285990
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02711739
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt03386
IRS990/TravelGrp/TotalAmt03386
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Stroud
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,711,739
Liabilities
$0
Net assets
$2,711,739
Revenue
$553,595
Expenses
$130,702
Net income
$422,893
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