Crossett Economic Development Foundation

Crossett, AR
Tax-exempt since Dec. 2001
EIN: 71-0855990

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Economic Development (NTEE)

Donations to this organization are tax deductible.

Revenue

$973k (2023)

Expenses

$938k (2023)

Total Assets

$2.11M (2023)

Total Liabilities

$164k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$973,402

Expenses

$937,933

Net Income

$35,469

Net Assets

$1,946,969

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$438,690	45.1%
Investment Income	$8,727	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$19,630	2.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$506,355	52.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$156,285	16.7%

Assets/Debt
Total Assets	$2,111,006
Total Liabilities	$164,037
Net Assets	$1,946,969

Compensation

Key Employees and Officers	Compensation	Related	Other
Howard Beaty (President)	$0	$0	$0
Phil Gilmore (Board Member)	$0	$0	$0
James Knight (Board Member)	$0	$0	$0
Crystal Marshall (Board Member)	$0	$0	$0
Toyce Newton (Borad Member)	$0	$0	$0
Dan Pevy (Vice Preside)	$0	$0	$0
Justin Reed (Board Member)	$0	$0	$0
Linda Rushing (Secretary/ T)	$0	$0	$0
Mandy Vicers (Board Member)	$0	$0	$0
Lori Walsh (Board Member)	$0	$0	$0
James Michael Smith (Executive Di)	$0	$0	$0

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990

Filed on Sept. 24, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$605,801

Expenses

$538,095

Net Income

$67,706

Net Assets

$1,911,500

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$428,914	70.8%
Investment Income	$2,198	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$15,360	2.5%
Net Fundraising	$0
Sales of Assets	-$6,349
Net Inventory Sales	$0
Other Revenue	$165,678	27.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$137,456	25.5%

Assets/Debt
Total Assets	$2,370,204
Total Liabilities	$458,704
Net Assets	$1,911,500

Compensation

Key Employees and Officers	Compensation	Related	Other
Howard Beaty (President)	$0	$0	$0
Phil Gilmore (Board Member)	$0	$0	$0
James Knight (Board Member)	$0	$0	$0
Crystal Marshall (Board Member)	$0	$0	$0
Toyce Newton (Borad Member)	$0	$0	$0
Dan Pevy (Vice Preside)	$0	$0	$0
Justin Reed (Board Member)	$0	$0	$0
Linda Rushing (Secretary/ T)	$0	$0	$0
Mandy Vicers (Board Member)	$0	$0	$0
Lori Walsh (Board Member)	$0	$0	$0
James Michael Smith (Executive Di)	$0	$0	$0

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990

Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$673,074

Expenses

$622,464

Net Income

$50,610

Net Assets

$1,843,791

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$434,252	64.5%
Investment Income	$2,455	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$7,150	1.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$229,217	34.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$114,490	18.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$43,849	7.0%

Assets/Debt
Total Assets	$2,309,779
Total Liabilities	$465,988
Net Assets	$1,843,791

Compensation

Key Employees and Officers	Compensation	Related	Other
James Michael Smith (Executive Di)	$114,490	$0	$0
Howard Beaty (President)	$0	$0	$0
Phil Gilmore (Board Member)	$0	$0	$0
James Knight (Board Member)	$0	$0	$0
Crystal Marshall (Board Member)	$0	$0	$0
Toyce Newton (Borad Member)	$0	$0	$0
Dan Pevy (Vice Preside)	$0	$0	$0
Justin Reed (Board Member)	$0	$0	$0
Linda Rushing (Secretary/ T)	$0	$0	$0
Mandy Vicers (Board Member)	$0	$0	$0
Lori Walsh (Board Member)	$0	$0	$0

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990

Filed on Aug. 12, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$529,954

Expenses

$486,909

Net Income

$43,045

Net Assets

$1,793,181

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$386,922	73.0%
Investment Income	$4,376	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$138,656	26.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$118,810	24.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$43,849	9.0%

Assets/Debt
Total Assets	$2,202,442
Total Liabilities	$409,261
Net Assets	$1,793,181

Compensation

Key Employees and Officers	Compensation	Related	Other
James Michael Smith (Executive Di)	$118,810	$0	$7,030
Howard Beaty (President)	$0	$0	$0
Phil Gilmore (Board Member)	$0	$0	$0
James Knight (Board Member)	$0	$0	$0
Crystal Marshall (Board Member)	$0	$0	$0
Toyce Newton (Borad Member)	$0	$0	$0
Dan Pevy (Vice Preside)	$0	$0	$0
Justin Reed (Board Member)	$0	$0	$0
Linda Rushing (Secretary/ T)	$0	$0	$0
Mandy Vicers (Board Member)	$0	$0	$0
Lori Walsh (Board Member)	$0	$0	$0

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990

Filed on Aug. 23, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$679,179

Expenses

$848,594

Net Income

-$169,415

Net Assets

$1,750,136

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$409,774	60.3%
Investment Income	$3,665	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$265,740	39.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$112,324	13.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$42,766	5.0%

Assets/Debt
Total Assets	$1,776,603
Total Liabilities	$26,467
Net Assets	$1,750,136

Compensation

Key Employees and Officers	Compensation	Related	Other
James Michael Smith (Executive Di)	$112,324	$0	$6,528
Howard Beaty (President)	$0	$0	$0
Phil Gilmore (Board Member)	$0	$0	$0
James Knight (Board Member)	$0	$0	$0
Crystal Marshall (Board Member)	$0	$0	$0
Toyce Newton (Borad Member)	$0	$0	$0
Dan Pevy (Vice Preside)	$0	$0	$0
Justin Reed (Board Member)	$0	$0	$0
Linda Rushing (Secretary/ T)	$0	$0	$0
Mandy Vicers (Board Member)	$0	$0	$0
Lori Walsh (Board Member)	$0	$0	$0

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990

Filed on Aug. 31, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$689,180

Expenses

$796,979

Net Income

-$107,799

Net Assets

$1,919,551

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$412,803	59.9%
Investment Income	$3,213	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$132,108	19.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$141,056	20.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$162,687	20.4%

Assets/Debt
Total Assets	$2,036,525
Total Liabilities	$116,974
Net Assets	$1,919,551

Compensation

Key Employees and Officers	Compensation	Related	Other
James Michael Smith (Executive Di)	$0	$0	$0

990

Filed on Aug. 7, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$1,096,542

Expenses

$670,692

Net Income

$425,850

Net Assets

$2,027,351

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$480,000	43.8%
Program Services	$368,829	33.6%
Investment Income	$24,965	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$130,808	11.9%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$91,940	8.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$155,940	23.3%

Assets/Debt
Total Assets	$2,138,845
Total Liabilities	$111,494
Net Assets	$2,027,351

Compensation

Key Employees and Officers	Compensation	Related	Other
James Michael Smith (Executive Di)	$112,969	$0	$2,509

990

Filed on Aug. 16, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$460,039

Expenses

$447,956

Net Income

$12,083

Net Assets

$1,601,497

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$386,177	83.9%
Investment Income	$1,739	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$6,033	1.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$66,090	14.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$157,224	35.1%

Assets/Debt
Total Assets	$1,690,595
Total Liabilities	$89,098
Net Assets	$1,601,497

Compensation

Key Employees and Officers	Compensation	Related	Other
James Michael Smith (Executive Di)	$113,840	$0	$3,254

990

Filed on Aug. 4, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$499,456

Expenses

$499,808

Net Income

-$352

Net Assets

$1,589,415

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$403,401	80.8%
Investment Income	$2,323	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$6,292	1.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$87,440	17.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$162,129	32.4%

Assets/Debt
Total Assets	$1,604,433
Total Liabilities	$15,018
Net Assets	$1,589,415

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$496,018

Expenses

$446,006

Net Income

$50,012

Net Assets

$1,589,774

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$392,675	79.2%
Investment Income	$3,359	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$6,173	1.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$93,811	18.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$156,657	35.1%

Assets/Debt
Total Assets	$1,625,414
Total Liabilities	$35,640
Net Assets	$1,589,774

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$506,407

Expenses

$458,041

Net Income

$48,366

Net Assets

$1,539,762

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$409,439	80.9%
Investment Income	$3,447	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$6,081	1.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$87,440	17.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$116,277	25.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$39,543	8.6%

Assets/Debt
Total Assets	$1,601,077
Total Liabilities	$61,315
Net Assets	$1,539,762

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$478,148

Expenses

$377,457

Net Income

$100,691

Net Assets

$1,491,395

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$379,378	79.3%
Investment Income	$5,350	1.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$5,980	1.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$87,440	18.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$118,767	31.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$39,656	10.5%

Assets/Debt
Total Assets	$1,590,927
Total Liabilities	$99,532
Net Assets	$1,491,395

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$490,201

Expenses

$472,861

Net Income

$17,340

Net Assets

$1,390,704

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$387,648	79.1%
Investment Income	$8,658	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$6,015	1.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$87,880	17.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$103,459	21.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$36,548	7.7%

Assets/Debt
Total Assets	$1,486,202
Total Liabilities	$95,498
Net Assets	$1,390,704

990

Fiscal Year Ending Dec.
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Updated October 30, 2024

Crossett Economic Development Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $973k (2023)

Expenses $938k (2023)

Total Assets $2.11M (2023)

Total Liabilities $164k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Revenue

$973k (2023)

Expenses

$938k (2023)

Total Assets

$2.11M (2023)

Total Liabilities

$164k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

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2021

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2019

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2018

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2016

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2015

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2014

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2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2001