The Grant County Industrial Development Corporation
- Assets
- $497.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sheridan, AR
- Founding
- 05/1982
- Data as of
- 12/2021
- EIN
- 71-0558988
Organization Overview
The Grant County Industrial Development Corporation is located in Sheridan, AR. The organization was established in 1982. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grant County Industrial Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Grant County Industrial Development Corporation generated $274.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $1.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
TO ENCOURAGE AND PROMOTE THE AGRICULTURAL AND INDUSTRIAL DEVELOPMENT OF GRANT COUNTY ARKANSAS; AND IN THE FURTHERANCE OF THAT PURPOSE, ACQUIRE, USE, AND DISPOSE OF REAL AND PERSONAL PROPERTY, OR ANY INTEREST THEREIN; TO BORROW MONEY, TO ENSURE ITS BOND OR ANY OTHER OBLIGATIONS THEREOF, AND TO SECURE THE PAYMENT THEREOF BY MORTGAGE, PLEDGE, OR DEED OF TRUST OF ALL OR ANY PART OF ITS PROPERTY, ASETS, REVEUNES OR INCOME; AND TO EXERCISE ALL OF THE GENERAL POWERS CONFERRED ON AGRICULTURAL AND INDUSTRIAL CORPORATIONS ORGANIZED UNDER ACT 404 OF THE 1955 ARKANSAS LEGISLATURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | 0 | $0 | |
Ken Bragg Board Member | 0 | $0 | |
James D Easley Board Member | 0 | $0 | |
Stephen Shirron Board Member | 0 | $0 | |
Bobby Taylor President | 0 | $0 | |
Bryce Lunday Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $274 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $274 |
| 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 | $1,510 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $1,510 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $497,549 |
| Other assets | $0 |
| Total assets | $497,549 |
| Total liabilities | $0 |
| Net assets or fund balances | $497,549 |
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