Mcgehee Industrial Foundation Inc
- Assets
- $573.9k
- Revenue
- $57.8k
- Investments
- $0.0
- Employees
- 1
- Location
- McGehee, AR
- Founding
- 10/1986
- Data as of
- 12/2022
- EIN
- 71-0621778
Organization Overview
Mcgehee Industrial Foundation Inc is located in McGehee, AR. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Mcgehee Industrial Foundation Inc 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 12/2022, Mcgehee Industrial Foundation Inc generated $57.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $101.0k during the year ending 12/2022. While expenses have increased by 4.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INDUSTRIAL DEVELOPMENT OF THE MCGEHEE, ARKANSAS AREA. FINANCIAL AND MANAGERIAL SUPPORT OF ROHWER-JEROME WWII JAPANESE AMERICAN INTERNMENT MUSEUM, A 501(C)(3) ORGANIATION. SUPPORT OF OUR LOCAL NON-PROFIT HOSPITAL. DEVELOPMENT OF A POCKET-PARK IN DOWNTOWN MCGEHEE, AR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DID NOT HOLD ANNUAL BAR-BQ AND AUCTION AS FUNDRAISER, DUE TO COVID PANDEMIC. SUPPORTED THE OPERATION OF THE ROHWER LOCATION JAPANESE-AMERICAN WORLD WAR II RELOCATION MUSEUM, WITHIN CONSTRAINTS OF COVID AVOIDANCE. ADVERTISED AND PROMOTED THE MUSEUEM AS AN IMPORTANT HISTORICAL AND EDUCATIONAL EXHIBIT. BEGAN THE CONSTRUCTION OF A POCKET-PARK IN DOWNTOWN MCGEHEE, AR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Smith President | OfficerTrustee | 10 | $2,600 |
Jamie Stallans Secretary | Officer | 3 | $1,200 |
Bob Lucky Director | Trustee | 0 | $0 |
Helen Wesson Director | Trustee | 0 | $0 |
Richard Tindall Treasurer | Trustee | 0 | $0 |
Jeff Owyoung Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ideal Construction Co Construction | 12/30/17 | $2,108,033 |
Wittenberg Delony And Davidson Architect | 12/30/17 | $23,403 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,381 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,381 |
| Total Program Service Revenue | $541 |
| Investment income | $857 |
| 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 | $57,779 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,583 |
| 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. | $3,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $77 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,320 |
| Fees for services: Accounting | $625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $524 |
| Office expenses | $33 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $16,344 |
| Insurance | $1,264 |
| All other expenses | $0 |
| Total functional expenses | $100,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,575 |
| Savings and temporary cash investments | $259,959 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $245,366 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $573,900 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $573,900 |
| Total liabilities and net assets/fund balances | $573,900 |