Utility Economic Development Association
- Assets
- $194.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 01-0579984
Organization Overview
Utility Economic Development Association is located in Little Rock, AR. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utility Economic Development Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Utility Economic Development Association generated $182.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $218.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SPRING FORUM WAS HELD MAY 24 THROUGH MAY 26, 2022 IN OKLAHOMA CITY, OKLAHOMA. SESSION TOPICS INCLUDED ECONOMIC DEVELOPMENT IN AN UNCERTAIN OUTLOOK,HOW TO WIN A SITE VISIT IN 10 WAYS, PARTNERSHIPS IN PROSPERITY, RENEWABLE ENERGY AND ECONOMIC DEVELOPMENT AND SUPPLY CHAIN SOLUTIONS. A BOARD MEETING AND MEMBERSHIP COMMITTEE MEETINGS WERE ALSO CONDUCTED. FALL FORUM WAS HELD OCTOBER 3 THROUGH OCTOBER 6, 2022 IN BOZEMAN, MONTANA. SESSION TOPICS INCLUDED A WELCOME FROM THE MONTANA DEPARTMENT OF COMMERCE,THE CHANGING ENERGY ENVIRONMENT, PRE-CAPITAL PLANNING AND SITE SELECTION PROCESS, ENABLING THE DIGITAL AND ENERGY TRANSFORMATION, ELECTRICAL IMPACT ON MEGASITE SELECTION, THE CHIPS ACT-MORE THAN MEETS THE EYE AND TRENDS IN MEGAPROJECTS. A BOARD MEETING AND MEMBERSHIP COMMITTEE MEETINGS WERE ALSO CONDUCTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Rogers Executive Dir. | 35 | $0 | |
Pat Kelly President | 5 | $0 | |
Kelly Patton Vice President | 5 | $0 | |
Alba Weaver Secretary | 5 | $0 | |
Pam Christenson Treasurer | 5 | $0 | |
Lawrence Acosta Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $129,252 |
| Membership dues | $52,535 |
| Investment income | $180 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $181,967 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $106,125 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $112,565 |
| Total expenses | $218,690 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $165,800 |
| Other assets | $0 |
| Total assets | $193,990 |
| Total liabilities | $75,687 |
| Net assets or fund balances | $118,303 |