Central Arkansas Development Council
- Assets
- $35.1m
- Revenue
- $82.8m
- Investments
- $0.0
- Employees
- 660
- Location
- Benton, AR
- Founding
- 01/1966
- Data as of
- 05/2024
- EIN
- 71-0388673
Organization Overview
Central Arkansas Development Council is located in Benton, AR. The organization was established in 1966. 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. As of 05/2024, Central Arkansas Development Council employed 660 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Arkansas Development Council 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 05/2024, Central Arkansas Development Council generated $82.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $76.9m during the year ending 05/2024. While expenses have increased by 9.0% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES TO LOW INCOME INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD DEVELOPMENT 5,529,813 SCAT 16,506,525 HEAP 11,344,072 CSBG 3,539,687 HEAP/DOE WEATHERIZATION 2,184,713 TAX PREPARATION PROGRAM 157,264 COMMODITY DISTRIBUTION 1,498,747 GREYHOUND 25,000 ARKANSAS BETTER CHANCE 507,577
SENIOR ACTIVITY CENTERS 3,797,718 MEDICAID 21,189,483 NORTH LITTLE ROCK ELECTRIC 35,675 OTHER PROGRAMS 8,245,820
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Sheets Board Member | Trustee | 1 | $0 |
Allie Green Board Member | Trustee | 1 | $0 |
Charles Gastineau Board Member | Trustee | 1 | $0 |
Annette Pate Board Chair | OfficerTrustee | 1 | $0 |
Tamiko Johnson Board Member | Trustee | 1 | $0 |
Beverly Meeks Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,850,118 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,517,249 |
| Noncash contributions included in lines 1a–1f | $2,323,985 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,367,367 |
| Total Program Service Revenue | $0 |
| Investment income | $441,994 |
| 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 | $82,809,361 |
| 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 | $17,591,984 |
| Pension plan accruals and contributions | $505,021 |
| Other employee benefits | $2,474,789 |
| Payroll taxes | $1,471,256 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $835,021 |
| Travel | $109,600 |
| 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 | $2,195,040 |
| Insurance | $0 |
| All other expenses | $7,312,121 |
| Total functional expenses | $76,850,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,168 |
| Savings and temporary cash investments | $19,173,877 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,493,643 |
| 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 | $585,414 |
| Net Land, buildings, and equipment | $5,735,598 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $824,905 |
| Total assets | $35,054,605 |
| Accounts payable and accrued expenses | $1,985,763 |
| 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 | $824,905 |
| Total liabilities | $2,810,668 |
| Net assets without donor restrictions | $30,189,872 |
| Net assets with donor restrictions | $2,054,065 |
| 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 | $35,054,605 |