Saline County Economic Development Corporation is located in Benton, AR. The organization was established in 1990. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Saline County Economic Development Corporation 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 12/2021, Saline County Economic Development Corporation generated $121.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $113.3k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
PROMOTING ECONOMIC DEVELOPMENT IN SALINE COUNTY, ARKANSAS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lamont Cornwell Executive Director | 1 | $54,240 | |
Shane Broadway President | 5 | $0 | |
Dee Fiser Vice President | 3 | $0 | |
Jordan Woolbright Treasurer | 3 | $0 | |
Charles Best Director | 1 | $0 | |
Bill White Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $109,850 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $347 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $11,300 |
Total Revenue | $121,497 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $58,461 |
Professional fees and other payments to independent contractors | $1,440 |
Occupancy, rent, utilities, and maintenance | $7,500 |
Printing, publications, postage, and shipping | $55 |
Other expenses | $45,869 |
Total expenses | $113,325 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $333,803 |
Other assets | $0 |
Total assets | $333,803 |
Total liabilities | $3,492 |
Net assets or fund balances | $330,311 |
Organization Name | Assets | Revenue |
---|---|---|
Avance Inc San Antonio, TX | $11,319,048 | $60,395,226 |
Operation Homefront Inc San Antonio, TX | $30,804,944 | $40,861,039 |
Three Rivers Planning & Development District Pontotoc, MS | $48,398,868 | $43,682,575 |
Gulf Coast Community Services Assn Inc Houston, TX | $4,457,612 | $33,824,576 |
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Hill Country Community Action Association Inc San Saba, TX | $4,864,839 | $26,700,596 |
Crawford Sebastian Community Development Council Inc Fort Smith, AR | $10,081,488 | $25,336,007 |
Hope Enterprise Corporation Jackson, MS | $150,349,143 | $24,959,106 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
St Martin Iberia Lafayette Parishes Community Action Agency Lafayette, LA | $1,628,921 | $19,226,376 |