Black River Area Development Corporation
- Assets
- $9.5m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 218
- Location
- Pocahontas, AR
- Founding
- 01/1966
- Data as of
- 04/2022
- EIN
- 71-0387337
Organization Overview
Black River Area Development Corporation is located in Pocahontas, AR. The organization was established in 1966. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 04/2022, Black River Area Development Corporation employed 218 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black River Area Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2022, Black River Area Development Corporation generated $11.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $10.7m during the year ending 04/2022. While expenses have increased by 5.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO AID AND ASSIST THE AREA REGIONS OF LAWRENCE, RANDOLPH, AND CLAY COUNTIES IN DEVELOPING PROGRAMS UNDER AND PURSUANT TO THE ECONOMIC OPPORTUNITY ACT OF THE 1964 CONGRESS AND TO ASSIST IN THE PROCUREMENT, ORGANIZATION, COORDINATION, AND SUPERVISION OF PROJECTS OF ANY AND ALL CAUSES OR KINDS WHICH MAY BECOME AVALIABLE TO ANY PART OR ALL OF SUCH REGIONS OR AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO AID AND ASSIST THE AREA REGIONS OF LAWRENCE, RANDOLPH, AND CLAY COUNTIES IN DEVELOPING PROGRAMS UNDER AND PURSUANT TO THE ECONOMIC OPPORTUNITY ACT OF THE 1964 CONGRESS AND TO ASSIST IN THE PROCURMENT, ORGANIZATION, COORDINATION, AND SUPERVISION OF PROJECT OF AN AND ALL CAUSES OR KINDS WHICH MAY BECOME AVALIABLE TO ANY PART OR ALL OF SUCH REGIONS OR AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhonda Ahrent Executive Dir. | Officer | 40 | $101,199 |
Doni Martin Vice Chair | OfficerTrustee | 1 | $0 |
Diana Dalton Chairman | OfficerTrustee | 1 | $0 |
Pat Johnson Board Member | Trustee | 1 | $0 |
Don Settles Board Member | Trustee | 1 | $0 |
Vickie Mitchell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,818,376 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,818,376 |
| Total Program Service Revenue | $296,143 |
| Investment income | $4,782 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$42,260 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,077,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,768,078 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $101,199 |
| Compensation of current officers, directors, key employees. | $101,199 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,282,999 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $638,182 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $263,921 |
| Travel | $125,988 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,957 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $299,838 |
| Insurance | $192,894 |
| All other expenses | $429,082 |
| Total functional expenses | $10,700,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,883,937 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,336,603 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $191,447 |
| Net Land, buildings, and equipment | $5,869,173 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $204,627 |
| Total assets | $9,485,787 |
| Accounts payable and accrued expenses | $1,094,482 |
| Grants payable | $0 |
| Deferred revenue | $894,672 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $649,268 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,638,422 |
| Net assets without donor restrictions | $6,847,365 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,485,787 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Black River Area Development Corporation has recieved totaling $178,842.
| Awarding Organization | Amount |
|---|---|
Food Bank Of Northeast Arkansas Jonesboro, AR PURPOSE: FOOD DISTRIBUTION PROGRAM | $171,842 |
Food Bank Of Northeast Arkansas Jonesboro, AR PURPOSE: FOOD DISTRIBUTION PROGRAM | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rural Enterprises Of Oklahoma Inc Durant, OK | $41,908,355 | $15,173,432 |
Black River Area Development Corporation Pocahontas, AR | $9,485,787 | $11,077,041 |
Missouri Incutech Foundation Rolla, MO | $1,463,624 | $4,973,546 |
Central Oklahoma Economic Development District Shawnee, OK | $5,863,107 | $4,724,858 |
Coordinating & Development Corp Louisiana Inc Bossier City, LA | $518,798 | $4,124,909 |
Urban Partnerships Community Development Corporation Pearland, TX | $13,389,393 | $5,000,952 |
Western Arkansas Planning And Fort Smith, AR | $1,883,659 | $2,141,077 |
Little Rock Workforce Development Board Little Rock, AR | $359,522 | $1,935,959 |
Pulaski County Growth Alliance Saint Robert, MO | $34,130 | $1,396,256 |
Southern Mutual Help Association Inc New Iberia, LA | $8,015,178 | $898,903 |
Forge Financing Ozark Rural Growth And Economy Huntsville, AR | $10,015,357 | $2,246,755 |
Texas Rural Funders Austin, TX | $461,661 | $1,275,314 |