Hot Springs Development Foundation Inc
- Assets
- $152.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hot Springs, AR
- Founding
- 03/1986
- Data as of
- 12/2023
- EIN
- 71-0521842
Organization Overview
Hot Springs Development Foundation Inc is located in Hot Springs, AR. The organization was established in 1986. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hot Springs Development Foundation 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 12/2023, Hot Springs Development Foundation Inc generated $24.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $20.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
VARIOUS COMMUNITY PROJECTS TO FURTHER EDUCATION, CULTURE AND ENTERTAINMENT WITHIN THE HOT SPRINGS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Jones Chairman | 0 | $0 | |
Gary Troutman President | 0 | $0 | |
Mary Current Director | 0 | $0 | |
Dr Doug Ross Director | 0 | $0 | |
Neal Harrington Director | 0 | $0 | |
Pete Fotioo Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,330 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,808 |
| Gain or Loss | $5 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $24,143 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $575 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,930 |
| Total expenses | $20,505 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $152,417 |
| Other assets | $0 |
| Total assets | $152,417 |
| Total liabilities | $0 |
| Net assets or fund balances | $152,417 |