Southeast Ark Economic Development Dist Inc

Organization Overview

Southeast Ark Economic Development Dist Inc is located in Pine Bluff, AR. The organization was established in 1978. 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 06/2021, Southeast Ark Economic Development Dist Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeast Ark Economic Development Dist Inc 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 06/2021, Southeast Ark Economic Development Dist Inc generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ASSISTING THE EMPLOYMENT AND DEVELOPMENT OF ECONOMICALLY DISADVANTAGED INDIVIDUALS AND BUSINESSES THROUGH VARIOUS FEDERAL PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE WORKFORCE INNOVATION AND OPPORTUNITIES ACT PROGRAM MONIES ARE FEDERAL FUNDS ALLOCATED TO SEAEDD, BY FORMULA, FOR THE PURPOSE OF PROVIDING TRAINING THAT MEETS THE NEEEDS OF BOTH JOB SEEKERS AND EMPLOYERS THROUGHOUT SOUTHEAST ARKANSAS.


THE GENERAL IMPROVEMENT FUND PROGRAM WERE FUNDS APPROPRIATED TO SEAEDD FOR THE PURPOSE OF MAKING GRANTS THROUGHOUT SOUTHEAST ARKANSAS WHICH SUPPORT COMMUNITY OR ECONOMIC DEVELOPMENT.


SEAEDD ADMINISTERS GRANTS FOR ECONOMIC AND COMMUNITY DEVELOPMENT AND PROVIDES PLANNING SERVICES FOR THE COMMUNITIES IN SOUTHEAST ARKANSAS.


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Board, Officers & Key Employees

Name (title)Compensation
Patrecia Hargrove
Executive Director
$105,274
Mack Ball Jr
Director
$0
Shirley Washington
2nd Vice President
$0
Vernon Dollar
Secretary
$0
Robert Akin
1st Vice President
$0
Randy Pruitt
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,041,204
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$3,041,204
Total Program Service Revenue$51,306
Investment income $222
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 $3,105,093

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Southeast Ark Economic Development Dist Inc has recieved totaling $15,000.

Awarding OrganizationAmount
Foundation For The Mid South Inc

Jackson, MS

PURPOSE: TO PROVIDE RESOURCES, MENTORSHIP, AND TRAINING TO ASPIRING BUSINESS OWNERS AND CURRENT BUSINESS OWNERS IN NEED OF ADDITIONAL TRAINING.

$15,000
View Grant Recipient Profile

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