Civic Intelligence

Spring River Innovation Hub Inc

EIN 82-3624583 • 501(c)3 • Cherokee Village, AR

Profile

The organization's primary purpose is to provide small business and entrepreneur support in three counties in North Arkansas through business counseling, access to co-working space and broadband along with networking and professional development in order to facilitate economic development.

249 Iroquois DriveCherokee Village, AR 72529

www.innovatespringriver.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.27x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

0.28x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

50th percentile

1.6%

Higher net margin than 50% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

44th percentile

-6.3%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

38th percentile

-15%

Faster revenue growth than 38% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$16,959

Down $1,141 (-6.3%) from 2019

Liabilities

Down

$4,500

Down $1,000 (-18%) from 2019

Net Assets

-

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue89th percentileNet Margin50th percentile

Revenue

Down

$16,104

Down $2,764 (-15%) from 2019

Expenses

Up

$15,840

Up $8,104 (+105%) from 2019

Net Income

Down

$264

Down $10,868 (-98%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth44th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20K$15K$10K$5.0K$0Assets 2018: $9,968Liabilities 2018: $8,500Net Assets 2018: $1,4682018Assets 2019: $18,100Liabilities 2019: $5,500Net Assets 2019: $12,6002019Assets 2020: $16,959Liabilities 2020: $4,5002020

Highlighted filing

2020

Assets$16,959
Liabilities$4,500
Net Assets-
Open 2020 Filing

Operations Trend

Revenue Growth38th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0Revenue 2018: $54,454Expenses 2018: $52,986Net Income 2018: $1,4682018Revenue 2019: $18,868Expenses 2019: $7,736Net Income 2019: $11,1322019Revenue 2020: $16,104Expenses 2020: $15,840Net Income 2020: $2642020

Highlighted filing

2020

Revenue$16,104
Expenses$15,840
Net Income$264
Open 2020 Filing

Filings

Most recent year

2020 • Form 990EZSummary only. Only limited summary data is available for this year.

Open filing
Assets
$16,959
Liabilities
$4,500
Net assets
-
Revenue
$16,104
Expenses
$15,840
Net income
$264
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Summary only. Only limited summary data is available for this year.$17.0$4.50$16.1$15.8$0.26
2019Detailed filing. Detailed filing data is available for this year.$18.1$5.50$12.6$18.9$7.74$11.1
2018Detailed filing. Detailed filing data is available for this year.$9.97$8.50$1.47$54.5$53.0$1.47
Latest Detailed Filing

The latest 2020 filing currently has summary financial data only. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 15, 2020
Return Version
2019v5.0
Gross Receipts
$27,366
Mission and Program Overview

Mission

The organization's primary purpose is to provide small business and entrepreneur support in three counties in North Arkansas through business counseling, access to co-working space and broadband along with networking and professional development in order to facilitate economic development.

Program Services

DescriptionGrantsExpenses
Year two was devoted to continued marketing of the organization and providing services for the community. A Robotics camp, social media class, women's event, farmer's market and Arts Mobile were programs offered to the businesses and community. In addition, the first Arkansas Pie Festival was established through the Spring River Innovation Hub, and recognized as a state event in our town.$0$0
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jonathan RhodesChairman Of The Board-$0--
Graycen BiggerExecutive DirectorPT$0--
Jeffrey PennVice Chairman Of The Board-$0--
Molly CarpenterTreasurer-$0--
Kasey CarterDirector-$0--
Angela PhippsDirector-$0--
Marc HerringDirector-$0--
Pamela GunstenDirector-$0--
Susan AdamDirector-$0--
Filing and Contact Details

Filer

Filer Name
Spring River Innovation Hub
EIN
82-3624583
Phone
8707107081
Address
249 Iroquois Drive, Cherokee Village, AR 72529

Signing Officer

Name
Jonathan Rhodes
Title
Chairman of the Board
Phone
8702573241
Signed
2020-07-15
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“$3000 Principal payment made to FNBC Loan from 2018 return”

Form 990-EZ, Part II, Line 24

“Furniture, Computer equipment and Appliances”

Form 990-EZ, Part II, Line 26

“FNBC Loan balance $5500 plus interest”

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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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ReturnHeader/BuildTS02022-02-16 14:24:37Z
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ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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