Dermott Industrial Development Corporation
- Assets
- $412.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dermott, AR
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 71-0792253
Organization Overview
Dermott Industrial Development Corporation is located in Dermott, AR. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic 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. Dermott Industrial 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 12/2023, Dermott Industrial Development Corporation generated $13.4k in total revenue. All expenses for the organization totaled $13.4k during the year ending 12/2023.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ASSISTANCE TO ARKANSAS GOOD ROADS, BOYS & GIRLS CLUB, DERMOTT CHAMBER OF COMMERCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Morse Director | 0 | $0 | |
Angela Goldman Director | 0 | $0 | |
Frank Henry Jr Sec/treas | 0 | $1,800 | |
Pat Mangum President | 0 | $0 | |
Lephiew Dennington Director | 0 | $0 | |
Mark Kaufman Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $13,409 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $13,409 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,800 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,068 |
| Total expenses | $13,418 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $395,340 |
| Other assets | $0 |
| Total assets | $412,116 |
| Total liabilities | $0 |
| Net assets or fund balances | $412,116 |