Saline County Economic Development Corporation
- Assets
- $352.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Benton, AR
- Founding
- 01/1990
- Data as of
- 12/2022
- EIN
- 71-0683553
Organization Overview
Saline County Economic Development Corporation is located in Benton, AR. The organization was established in 1990. 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. Saline County Economic 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 12/2022, Saline County Economic Development Corporation generated $134.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $116.0k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
PROMOTING ECONOMIC DEVELOPMENT IN SALINE COUNTY, ARKANSAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shane Broadway President | 5 | $0 | |
Dee Fiser Vice President | 3 | $0 | |
Jordan Woolbright Treasurer | 3 | $0 | |
James Zahnd Exec. Committee Member At Large | 3 | $0 | |
Bill White Director | 1 | $0 | |
Charles Best Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,350 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $233 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,900 |
| Total Revenue | $134,483 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $58,461 |
| Professional fees and other payments to independent contractors | $1,440 |
| Occupancy, rent, utilities, and maintenance | $2,678 |
| Printing, publications, postage, and shipping | $264 |
| Other expenses | $53,127 |
| Total expenses | $115,970 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $352,416 |
| Other assets | $0 |
| Total assets | $352,416 |
| Total liabilities | $3,592 |
| Net assets or fund balances | $348,824 |