Southwest Arkansas Community Development Corporation
- Assets
- $130.8k
- Revenue
- $328.0k
- Investments
- $0.0
- Employees
- 12
- Location
- Magnolia, AR
- Founding
- 10/1990
- Data as of
- 12/2021
- EIN
- 58-1896150
Organization Overview
Southwest Arkansas Community Development Corporation is located in Magnolia, AR. The organization was established in 1990. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 12/2021, Southwest Arkansas Community Development Corporation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Arkansas Community 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 12/2021, Southwest Arkansas Community Development Corporation generated $328.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $311.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE DAY CARE SERVICES TO SOCIALLY AND ECONOMICALLY DISADVANTAGED CHILDREN, AND TO PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY CARE PROGRAM SERVICES
OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thelma Arbor Director | Trustee | $0 | |
Ivory Mcintyre Director | Trustee | $0 | |
Velma George Director | Trustee | $0 | |
David Fielding Director | Trustee | $0 | |
Ruthie Sharp Director | Trustee | $0 | |
Billy Williams Director | Trustee | $0 |
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 | $328,037 |
| Investment income | $0 |
| 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 | $328,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,640 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,027 |
| Payroll taxes | $17,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $2,620 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,925 |
| Travel | $0 |
| 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 | $4,263 |
| Insurance | $6,452 |
| All other expenses | $2,294 |
| Total functional expenses | $311,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,073 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,858 |
| 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 |
| Net Land, buildings, and equipment | $34,580 |
| Investments—publicly traded securities | $17,791 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $450 |
| Total assets | $130,752 |
| Accounts payable and accrued expenses | $49,545 |
| 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 | $0 |
| Total liabilities | $49,545 |
| Net assets without donor restrictions | $81,207 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $130,752 |
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|---|---|---|
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Porter-Leath Memphis, TN | $49,048,141 | $36,176,100 |
Childcaregroup Dallas, TX | $19,327,371 | $29,694,811 |
Advance Child Care Inc Corsicana, TX | $3,473,974 | $18,615,609 |
Lionheart Childrens Academy Bedford, TX | $10,671,656 | $17,109,685 |
Operation Breakthrough Inc Kansas City, MO | $30,816,270 | $15,851,429 |
Clayton Child Care Inc Fort Worth, TX | $8,846,592 | $17,902,037 |
Kaleidoscope Youth Development Services Inc Houston, TX | $9,400,325 | $12,047,136 |
Positively Living Inc Knoxville, TN | $4,436,601 | $10,571,861 |
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