Jonesboro Industrial Development Corporation

Organization Overview

Jonesboro Industrial Development Corporation is located in Jonesboro, AR. The organization was established in 1988. 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. Jonesboro Industrial Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Jonesboro Industrial Development Corporation generated $927.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $306.9k during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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

TO ENCOURAGE AND PROMOTE THE ECONOMIC DEVELOPMENT OF JONESBORO.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISBURSMENTS MADE TO CORPORATIONS FOR ECONOMIC DEVELOPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Len Frey
President
$0
Mark Mayfield
Vice Preside
$0
Kevin Hufstedler
Secretary/tr
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,000
Fundraising events$0
Related organizations$0
Government grants $300,000
All other contributions, gifts, grants, and similar amounts not included above$537,942
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$838,942
Total Program Service Revenue$0
Investment income $1,874
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $86,387
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 $927,203

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