Central Arkansas Development Council
- Assets
- $22.7m
- Revenue
- $63.9m
- Investments
- $0.0
- Employees
- 612
- Location
- Benton, AR
- Founding
- 01/1966
- Data as of
- 05/2022
- 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 05/2022, Central Arkansas Development Council employed 612 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 05/2022, Central Arkansas Development Council generated $63.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $63.8m during the year ending 05/2022. While expenses have increased by 8.8% 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
TO PROVIDE SERVICES TO LOW INCOME INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD DEVELOPMENT 5,855,505 SCAT 13,338,431 HEAP 15,244,184 CSBG 3,647,751 HEAP/DOE WEATHERIZATION 1,281,839 TAX PREPARATION PROGRAM 126,446 COMMODITY DISTRIBUTION 847,215 GREYHOUND 31,949 RENTAL ASSISTANCE PROGRAM 835,619 ARKANSAS BETTER CHANCE 530,544
SENIOR ADULT CENTERS 3,202,769 MEDICAID 10,025,759 NORTH LITTLE ROCK ELECTRIC 46,016 OTHER PROGRAMS 6,955,831
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Morris CEO | 40 | $100,234 | |
Annette Pate Board Chair | OfficerTrustee | 1 | $0 |
Darlene Simpson-Jones Board Vice-C | OfficerTrustee | 1 | $0 |
Lisa Smith Secretary/tr | OfficerTrustee | 1 | $0 |
Laketa Gutierrez Board Member | Trustee | 1 | $0 |
Charles Gastineau Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,675,524 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,085,135 |
| Noncash contributions included in lines 1a–1f | $950,602 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,760,659 |
| Total Program Service Revenue | $0 |
| Investment income | $91,735 |
| 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 | $63,852,394 |
| 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 | $14,756,170 |
| Pension plan accruals and contributions | $614,385 |
| Other employee benefits | $2,418,608 |
| Payroll taxes | $1,205,976 |
| 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 | $601,806 |
| Travel | $106,193 |
| 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 | $1,851,830 |
| Insurance | $0 |
| All other expenses | $5,871,469 |
| Total functional expenses | $63,809,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,115 |
| Savings and temporary cash investments | $10,570,062 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,656,843 |
| 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 | $369,001 |
| Net Land, buildings, and equipment | $5,876,754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,711,775 |
| Accounts payable and accrued expenses | $1,876,528 |
| 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 | $1,876,528 |
| Net assets without donor restrictions | $16,659,826 |
| Net assets with donor restrictions | $4,175,421 |
| 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 | $22,711,775 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Central Arkansas Development Council has recieved totaling $725,081.
| Awarding Organization | Amount |
|---|---|
Central Arkansas Area Agency On Aging Inc North Little Rock, AR PURPOSE: SUBRECIPIENT CONTRACTS | $725,076 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Arkansas Development Council Benton, AR | $22,711,775 | $63,852,394 |
Southern Mississippi Planning And Development District Inc Gulfport, MS | $44,385,657 | $33,837,059 |
Manned Space Flight Education Foundation Incorporated Houston, TX | $76,743,192 | $45,013,359 |
New Orleans & Company New Orleans, LA | $100,855,624 | $31,406,983 |
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Saisd Historic Preservation Corporation San Antonio, TX | $3,795,273 | $2,962,141 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |