West Central Arkansas Planning & Development District Inc
- Assets
- $1.9m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 70
- Location
- Hot Springs, AR
- Founding
- 03/1996
- Data as of
- 06/2021
- EIN
- 71-0398872
Organization Overview
West Central Arkansas Planning & Development District Inc is located in Hot Springs, AR. The organization was established in 1996. 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, West Central Arkansas Planning & Development District Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Central Arkansas Planning & Development District 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, West Central Arkansas Planning & Development District Inc generated $2.2m 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 (9.1%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 6 years. 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
IMPROVING AND ENHANCING THE SOCIAL AND ECONOMIC WELL-BEING AND OPPORTUNITIES FOR THE PEOPLE RESIDING WITHIN ITS BOUNDARIES. TO PROMOTE ECONOMIC DEVELOPMENT, TO ASSIST LOCAL GOVERNMENTS AND PRIVATE ORGANIZATIONS IN OBTAINING FEDERAL AND STATE GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ADMINISTRATION FOR GRANTS FROM THE DEPARTMENT OF LABOR FOR WIOA PROGRAMS
ARK COMMUNITY ECONOMIC DEV GRANTS, EDA AND EDA TITLE IX REVOLVING LOAN PROGRAMS AND FEDERAL MPO GRANT
ADMINSTRATIVE GRANTS AND LOCAL PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Toby Davis Vice Preside | OfficerTrustee | 2 | $0 |
Judge Dewight Mack President | OfficerTrustee | 4 | $0 |
Brenda Weldon Secretary | OfficerTrustee | 2 | $0 |
Bill Weston Treasurer | OfficerTrustee | 2 | $0 |
Dwayne Pratt Executive Di | Officer | 40 | $0 |
Steve Beck Member At La | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $97,364 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,906,912 |
| 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 | $2,004,276 |
| Total Program Service Revenue | $209,235 |
| Investment income | $5,139 |
| 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 | $2,218,815 |
| 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. | $123,919 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $986,760 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,655 |
| Payroll taxes | $282,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,450 |
| 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 | $27,906 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,667 |
| Travel | $9,076 |
| 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 | $7,519 |
| Insurance | $0 |
| All other expenses | $3,319 |
| Total functional expenses | $2,019,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,205,528 |
| Pledges and grants receivable | $266,094 |
| Accounts receivable, net | $150,507 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $68,480 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,385 |
| Net Land, buildings, and equipment | $170,560 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,719 |
| Total assets | $1,905,273 |
| Accounts payable and accrued expenses | $83,988 |
| Grants payable | $0 |
| Deferred revenue | $57,217 |
| 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 | $120,234 |
| Total liabilities | $261,439 |
| Net assets without donor restrictions | $1,334,136 |
| Net assets with donor restrictions | $309,698 |
| 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 | $1,905,273 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Whole Planet Foundation Austin, TX | $10,584,602 | $6,202,281 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
East Central Planning & Development District Inc<410 Decatur St Newton, MS | $22,970,956 | $8,929,943 |