Civic Intelligence

Forward Searcy Inc.

990 • Fiscal year 2024 • EIN 99-4052723

Jan 01, 2024 to Dec 31, 2024 • Filed on May 05, 2025

Organization Profile
2323 S Main StreetSearcy, AR 72143

(501) 268-2458

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

88th percentile

42%

Higher net margin than 88% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

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

Source year 2024

Revenue Growth

Score unavailable

No value available

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

Source year 2024

Balance Sheet
Liabilities / Assets56th percentile

Assets

$206,183

No earlier filing loaded for comparison.

Net Assets

$206,183

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin88th percentile

Revenue

$492,472

No earlier filing loaded for comparison.

Expenses

$286,289

No earlier filing loaded for comparison.

Net Income

$206,183

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$300K$200K$100K$0Assets 2024: $206,183Liabilities 2024: $0Net Assets 2024: $206,1832024

Highlighted filing

2024

Assets$206,183
Liabilities$0
Net Assets$206,183
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0Revenue 2024: $492,472Expenses 2024: $286,289Net Income 2024: $206,1832024

Highlighted filing

2024

Revenue$492,472
Expenses$286,289
Net Income$206,183
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 5, 2025
Return Version
2024v5.1
Gross Receipts
$492,472
Mission and Program Overview

Mission

Charitable, religious, educational & scientific purposes such as making distributions to organizations that qualify as exempt organizations under 501(c)(3) of the internal revenue service code

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$206,183-
Total Assets$0$206,183▲ $206,183
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$206,183-
Total Net Assets Fund Balance$0$206,183▲ $206,183
Total Liabilities and Net Assets / Fund Balance$0$206,183▲ $206,183
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Reynie RutledgeChairmain
Casey CullipherChamber of Commerce Chairman
Adam HartSredc Chairman
David BurksVice Chairman
Darrell WelchCEO
Mat FaulnerSearcy Mayor
Donald MillerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$492,472
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$492,472
Change in Net Assets
$206,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$286,289
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
Other Expenses$286,289--$286,289
Total Functional Expenses$286,289$0$0$286,289
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“NO REVIEW CONDUCTED”

Governing documents etc available to public Part VI line 19

“Documents available to public”

Filing and Contact Details

Filer

Filer Name
Forward Searcy Inc
EIN
99-4052723
In Care Of
% DARRELL WELCH
Address
2323 S MAIN STREET, Searcy, AR 72143

Signing Officer

Name
Darrell Welch
Title
Director
Signed
2025-05-05
Discuss with paid preparer
No

Organization Details

Formed
2024
Legal Domicile
Ar
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Curtis Williams Jr CPA Pa
Address
508 W PLEASURE AVENUE, Searcy, AR 72143
Preparer
Curtis Williams Jr CPA
Phone
5012792099
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Economic development services $286,289”

Raw XML Appendix287 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS AVAILABLE TO PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ECONOMIC DEVELOPMENT SERVICES $286,289
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2List of other fees for services expenses Part IX line 11g
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0DARRELL WELCH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORWARD SEARCY INC
ReturnHeader/Filer/BusinessNameControlTxt0FORW
ReturnHeader/Filer/EIN0994052723
ReturnHeader/Filer/InCareOfNm0% DARRELL WELCH
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ReturnHeader/Filer/USAddress/CityNm0Searcy
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-07T16:25:21-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$206,183
Liabilities
$0
Net assets
$206,183
Revenue
$492,472
Expenses
$286,289
Net income
$206,183
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$4.92$2.86$2.06