Forrester-Davis Development Center Inc
- Assets
- $5.1m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 129
- Location
- Clarksville, AR
- Founding
- 04/1972
- Data as of
- 06/2023
- EIN
- 71-0422083
Organization Overview
Forrester-Davis Development Center Inc is located in Clarksville, AR. The organization was established in 1972. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2023, Forrester-Davis Development Center Inc employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forrester-Davis Development Center 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 06/2023, Forrester-Davis Development Center Inc generated $3.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $3.8m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL & HABILITATIVE SERVICES TO DEVELOPMENTALLY DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS FOR MENTALLY AND PHYSICALLY DISABLED CHILDREN AND ADULTS WITH PRIMARY FUNDING THROUGH FEDERAL TITLE XIX AND AR DEPARTMENT OF HUMAN SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hopkins Director | Trustee | 0.5 | $0 |
Amy Oatis Vice Chair | OfficerTrustee | 0.5 | $0 |
Debra Hobbs Director | Trustee | 0.5 | $0 |
Lori Watson Director | Trustee | 0.5 | $0 |
Bob Ballinger Director | Trustee | 0.5 | $0 |
Matt Wylie Chair | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Melissa Hawkins Outreach Pediatric Pediatric Therapy | 6/29/22 | $107,612 |
Springfield Grocer Company Food And Supplies | 6/29/22 | $100,541 |
Synergi Partners Inc Consulting | 6/29/22 | $134,824 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $343,871 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,411 |
| Total Program Service Revenue | $3,486,523 |
| Investment income | $41,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,349 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,916,919 |
| 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. | $79,139 |
| Compensation of current officers, directors, key employees. | $79,139 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,759,002 |
| Pension plan accruals and contributions | $36,653 |
| Other employee benefits | $102,855 |
| Payroll taxes | $133,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,578 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,943 |
| Advertising and promotion | $1,668 |
| Office expenses | $61,669 |
| Information technology | $97,630 |
| Royalties | $0 |
| Occupancy | $113,575 |
| Travel | $56,522 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,498 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $216,389 |
| Insurance | $79,559 |
| All other expenses | $0 |
| Total functional expenses | $3,776,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,121,170 |
| Savings and temporary cash investments | $1,310,225 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $207,547 |
| 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 | $12,609 |
| Net Land, buildings, and equipment | $2,495,062 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,146,613 |
| Accounts payable and accrued expenses | $211,984 |
| 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 | $211,984 |
| Net assets without donor restrictions | $4,934,629 |
| 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 | $5,146,613 |