Arkansas City Area Progress Inc
- Assets
- $220.3k
- Revenue
- $298.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Arkansas City, KS
- Founding
- 09/1977
- Data as of
- 06/2022
- EIN
- 48-0795165
Organization Overview
Arkansas City Area Progress Inc is located in Arkansas City, KS. The organization was established in 1977. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Arkansas City Area Progress Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas City Area Progress 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, Arkansas City Area Progress Inc generated $298.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $318.9k during the year ending 06/2022. While expenses have increased by 2.6% 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
ARKANSAS CITY AREA PROGRESS INC WAS ORGANIZED AS A KANSAS NOT FOR PROFIT CORPORATION FOR THE EXPRESS PURPOSE TO PROVIDE ON A NONPROFIT BASIS, RENT SUBSIDIZED HOUSING AND HOUSING FOR LOW AND MODERATE INCOME FAMILIES, PURSUANT TO SECTION 236 OF THE FEDERAL HOUSING AND URBAN DEVELOPMENT ACT IN ARKANSAS CITY KS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARKANSAS CITY AREA PROGRESS INC WAS ORGANIZED AS A KANSAS NOT FOR PROFIT CORPORATION FOR THE EXPRESS PURPOSE TO PROVIDE ON A NONPROFIT BASIS, RENT SUBSIDIZED HOUSING AND HOUSING FOR LOW AND MODERATE INCOME FAMILIES, PURSUANT TO SECTION 236 OF THE FEDERAL HOUSING AND URBAN DEVELOPMENT ACT IN ARKANSAS CITY KS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Morris Director | Trustee | 5 | $0 |
Theodore Stover President | Officer | 5 | $0 |
Charles Tweedy Vice President | Officer | 5 | $0 |
Travis Guess Executive Director | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $54 |
| 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 | $298,347 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,870 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,774 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,187 |
| 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 | $5,797 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $168,632 |
| Travel | $3,386 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,054 |
| Insurance | $33,806 |
| All other expenses | $0 |
| Total functional expenses | $318,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,375 |
| Savings and temporary cash investments | $0 |
| 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 | $5,329 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $220,300 |
| Accounts payable and accrued expenses | $14,569 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $14,570 |
| Net assets without donor restrictions | $145,866 |
| Net assets with donor restrictions | $59,864 |
| 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 | $205,730 |