Ar-Tx Redi
- Assets
- $895.4k
- Revenue
- $704.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Texarkana, TX
- Founding
- 12/2018
- Data as of
- 12/2021
- EIN
- 83-0517428
Organization Overview
Ar-Tx Redi is located in Texarkana, TX. The organization was established in 2018. According to its NTEE Classification (S30) the organization is classified as: Economic 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. Ar-Tx Redi 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 12/2021, Ar-Tx Redi generated $704.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $863.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING NEW BUSINESS AND INDUSTRY TO THE TEXARKANA AREA METROPOLITAN STATISTICAL AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BRING NEW BUSINESS AND INDUSTRY TO THE TEXARKANA AREA METROPOLITAN STATISTICAL AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Sitterley President & CEO | 40 | $393,000 | |
Cary Patterson Vice President | Officer | 1 | $0 |
Sonja Yates Hubbard President | Officer | 1 | $0 |
Dr Emily Cutrer Secretary | Officer | 1 | $0 |
Dr James Henry Russell Treasurer | Officer | 1 | $0 |
Allen Brown Board Member | Trustee | 1 | $0 |
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 | $672,927 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $672,927 |
| Total Program Service Revenue | $0 |
| Investment income | $1,593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,000 |
| 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 | $704,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $393,000 |
| Compensation of current officers, directors, key employees. | $78,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,187 |
| Payroll taxes | $14,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $240 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $75,870 |
| Office expenses | $6,388 |
| Information technology | $123,743 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,198 |
| 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 | $4,377 |
| Insurance | $7,008 |
| All other expenses | $5,960 |
| Total functional expenses | $863,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,856 |
| Savings and temporary cash investments | $559,127 |
| 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 | $1,462 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $895,446 |
| 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 | $1 |
| Total liabilities | $1 |
| Net assets without donor restrictions | $848,896 |
| Net assets with donor restrictions | $46,549 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $895,446 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ar-Tx Redi has recieved totaling $58,000.
| Awarding Organization | Amount |
|---|---|
Ledwell Family Foundation Texarkana, TX PURPOSE: TO SUPPORT ITS CHARITABLE PURPOSE. | $50,000 |
Patterson Foundation Texarkana, TX PURPOSE: FURTHERANCE OF EXEMPT PURPOSES | $5,000 |
Bobbie A Atkinson Foundation Texarkana, TX PURPOSE: FUTHERANCE OF EXEMPT PURPOSE | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Arkansas Development Council Benton, AR | $22,711,775 | $63,852,394 |
Manned Space Flight Education Foundation Incorporated Houston, TX | $76,743,192 | $45,013,359 |
New Orleans & Company New Orleans, LA | $100,855,624 | $31,406,983 |
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
Saisd Historic Preservation Corporation San Antonio, TX | $3,795,273 | $2,962,141 |
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Whole Planet Foundation Austin, TX | $10,584,602 | $6,202,281 |
Frazier Revitalization Inc Dallas, TX | $12,774,298 | $14,569,658 |
Corpus Christi Area Convention And Tourist Bureau Inc Corpus Christi, TX | $2,305,137 | $5,577,829 |
Edinburg Economic Development Corporation Edinburg, TX | $67,135,031 | $9,281,578 |
Market Lubbock Economic Development Corporation Lubbock, TX | $8,726,484 | $8,303,064 |
Lubbock Economic Development Alliance Inc Lubbock, TX | $29,508,777 | $13,680,218 |