Cic Arms Inc
- Assets
- $355.7k
- Revenue
- $335.0k
- Investments
- $0.0
- Employees
- 6
- Location
- McGehee, AR
- Founding
- 10/1977
- Data as of
- 06/2022
- EIN
- 71-0467424
Organization Overview
Cic Arms Inc is located in McGehee, AR. The organization was established in 1977. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Cic Arms Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cic Arms Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Cic Arms Inc generated $335.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $346.3k during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 8 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
C.I.C. ARMS, INC. IS A FIFTY UNIT APARTMENT COMPLEX IN MCGEHEE, ARKANSAS PROVIDING LOW RENT HOUSING TO ITS TENANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW RENT HOUSING PROJECT WITH 50 UNITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Graham Manager | Officer | 40 | $84,548 |
Lc Williams Vice President | OfficerTrustee | 1 | $6,065 |
John Ellis President | OfficerTrustee | 1 | $3,615 |
Doris Glover Secretary | OfficerTrustee | 1 | $3,565 |
Betty Rhodes Asst. Secretary | OfficerTrustee | 1 | $3,040 |
Willie Boyd Director | OfficerTrustee | 1 | $1,590 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $335,042 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,219 |
| Pension plan accruals and contributions | $3,857 |
| Other employee benefits | $0 |
| Payroll taxes | $11,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $265 |
| Office expenses | $5,766 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,172 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,514 |
| Insurance | $1,633 |
| All other expenses | $0 |
| Total functional expenses | $346,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,896 |
| Savings and temporary cash investments | $88,180 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $800 |
| Total assets | $355,743 |
| Accounts payable and accrued expenses | $21,692 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $42,415 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,232 |
| Total liabilities | $70,339 |
| Net assets without donor restrictions | $285,404 |
| 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 |
| Total liabilities and net assets/fund balances | $285,404 |