Civic Intelligence

Independence County Econonic Developement Inc

990 • Fiscal year 2015 • EIN 80-0633627

Jan 01, 2015 to Dec 31, 2015 • Filed on May 10, 2016

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.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

13th percentile

0.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

1st percentile

-1177%

Higher net margin than 1% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

8th percentile

-16%

Faster asset growth than 8% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

1st percentile

-93%

Faster revenue growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets13th percentile

Assets

Down

$2,283,256

Down $428,483 (-16%) from 2014

Net Assets

Down

$2,283,256

Down $428,483 (-16%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin1st percentile

Revenue

Down

$36,406

Down $517,189 (-93%) from 2014

Expenses

Up

$464,889

Up $334,187 (+256%) from 2014

Net Income

Down

-$428,483

Down $851,376 (-201%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth8th 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

2015

Assets$2,283,256
Liabilities$0
Net Assets$2,283,256
Open 2015 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

2015

Revenue$36,406
Expenses$464,889
Net Income-$428,483
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 10, 2016
Return Version
2015v2.1
Gross Receipts
$48,650
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$2,711,739$2,283,256▼ $428,483
Land, Buildings, and Equipment, Net$1,852,319$1,819,637▼ $32,682
Cash and Non-Interest-Bearing Accounts$859,420$463,619▼ $395,801
Total Assets$2,711,739$2,283,256▼ $428,483
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,711,739$2,283,256▼ $428,483
Total Liabilities and Net Assets / Fund Balance$2,711,739$2,283,256▼ $428,483

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$756,428$33,698$387,525
Land$258,047-$258,047
Equipment$2,357$1,045$3,402
Other Land Buildings$802,805$19,169-
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Robert D StroudPresident
Andy MontgomeryDirector
Chris BellerDirector
Crystal JohnsonDirector
Debbie FrazierDirector
Denny GipsonDirector
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
$36,406
Change in Net Assets
$-428,483
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$420,000
Other Expenses$44,889
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$420,000--$420,000
Depreciation Depletion$32,344$340-$32,684
Fees for Services Management-$10,225-$10,225
Fees for Services Accounting-$990-$990
Advertising-$431-$431
Information Technology-$430-$430
Other Expenses-$30-$30
Total Functional Expenses$452,344$12,545$0$464,889
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bad Boy Mowers IncBatesville, AR-Plant expansion and job creartion$300,000
Custom Craft Poultry IncBatesville, AR-Plant expansion and eventually 120 n$120,000
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
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 D Stroud
Title
Director
Phone
8707932378
Signed
2016-05-10
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
Ar
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
10

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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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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IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0402601
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0387525
IRS990ScheduleD/EquipmentGrp/BookValueAmt02357
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01045
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03402
IRS990ScheduleD/LandGrp/BookValueAmt0258047
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0258047
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0802805
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019169
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0821974
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01819637
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0300000
IRS990ScheduleI/RecipientTable/CashGrantAmt1120000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Plant expansion and job creartion
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Plant expansion and eventually 120 n
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Bad Boy Mowers Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Custom Craft Poultry Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0710817259
IRS990ScheduleI/RecipientTable/RecipientEIN1473105706
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0102 Industrial Drive
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt13064 East Main Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Batesville
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Batesville
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0AR
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1AR
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd072501
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd172501
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Inspections
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1Inspections
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The organization monitors the use of funds granted to grantees by annual site visits and records inspections.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
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/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02711739
IRS990/TotalAssetsEOYAmt02283256
IRS990/TotalAssetsGrp/BOYAmt02711739
IRS990/TotalAssetsGrp/EOYAmt02283256
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012545
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0452344
IRS990/TotalFunctionalExpensesGrp/TotalAmt0464889
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02711739
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02283256
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0452344
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt036406
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt036406
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02711739
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02283256
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert D Stroud
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08707932378
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Independence County Econonic Developement Inc
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0800633627
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 East Main
ReturnHeader/Filer/USAddress/CityNm0Batesville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072501
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0710633649
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0James L Hanson CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0701 West 6th Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Pine Bluff
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071601
ReturnHeader/PreparerPersonGrp/PhoneNum08705353482
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0James L Hanson
ReturnHeader/ReturnTs02016-05-13T15:23:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,283,256
Liabilities
$0
Net assets
$2,283,256
Revenue
$36,406
Expenses
$464,889
Net income
-$428,483
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