El Dorado Development Corporation

Organization Overview

El Dorado Development Corporation is located in El Dorado, AR. The organization was established in 1982. 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. El Dorado 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 12/2020, El Dorado Development Corporation generated $221.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $16.1k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE AND FACILITATE ECONOMIC DEVELOPMENT IN EL DORADO AND UNION COUNTY, ARKANSAS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONTINUED TO SUPPORT THE IMPLEMENTATION OF THE STRATEGIC ECONOMIC DEVELOPMENT PLAN FOR THE COMMUNITY (EL DORADO WORKS INITIATIVE).


ACTIVELY RECRUITED NEW INDUSTRIAL PROSPECTS FOR EL DORADO AND UNION COUNTY, ARKANSAS.


CONTINUED TO WORK WITH SEVERAL INDUSTRIAL PROSPECTS INTERESTED IN LOCATING IN EL DORADO AND UNION COUNTY, ARKANSAS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$0
Investment income $2,700
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $7,664
Net Gain/Loss on Asset Sales $211,342
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $221,706

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