2024-10-08T14:04:20-05:00 2023-12-31 260328404 CONNER & SARTAIN CPAS PA PO BOX 2260 CONWAY AR 72033 990 2023-01-01 710405994 CONWAY DEVELOPMENT CORPORATION CONW 5013297788 900 OAK STREET CONWAY AR 72032 BRAD LACY PRESIDENT 5013297788 2024-07-02 1 1 STEVE W CONNER CPA P00123169 5013276688 2024-07-02 2023 2024-10-15 13:58:12Z BRAD LACY 900 OAK STREET CONWAY AR 72032 12453065 0 X N/A X 1969 AR ENHANCE INDUSTRY OPPORTUNITIES IN CONWAY, AR THROUGH ECONOMIC DEVELOPMENT 18 18 2 0 0 0 108000 111000 1263974 1239079 129622 9163595 192982 496006 1694578 11009680 0 0 0 0 455139 913342 0 0 0 1520615 5944540 1975754 6857882 -281176 4151798 34094467 34225498 18546209 14347602 15548258 19877896 ENHANCE INDUSTRY OPPORTUNITIES IN CONWAY, AR THROUGH ECONOMIC DEVELOPMENT 0 0 5644163 THE CONWAY DEVELOPMENT CORPORATION RESPONDED TO SITE SELECTION AND EXPANSION REQUESTS MONTHLY ON BEHALF OF THE CITY OF CONWAY AND FAULKNER COUNTY. THE CDC MANAGED ITS LAND PORTFOLIO AND ASSETS FOR THE BENEFIT OF THE COMMUNITY AND FUTURE ECONOMIC DEVELOPMENT OPPORTUNITIES. CDC STAFF REPRESENTED THE ORGANIZATION AND COMMUNITY IN A NUMBER OF SETTINGS FACILITATING ECONOMIC GROWTH FOR CONWAY AREA RESIDENTS. 5644163 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 2 1 0 0 0 0 0 0 0 0 X 18 18 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 1 1 0 AR X X BRAD LACY 5013297788 900 OAK STREET CONWAY AR 72032 X BILL ADKISSON CHAIRMAN 10.00 X 0 0 0 JERRY ADAMS VICE CHAIRMAN 10.00 X 0 0 0 RONNIE WILLIAMS DIRECTOR 5.00 X 0 0 0 MARK FERGUSON DIRECTOR 5.00 X 0 0 0 EDDIE GLOVER DIRECTOR 5.00 X 0 0 0 BRAD HEGEMAN DIRECTOR 5.00 X 0 0 0 JOHNNY ADAMS DIRECTOR 5.00 X 0 0 0 BRET CARROLL DIRECTOR 5.00 X 0 0 0 JEFF STANDRIDGE DIRECTOR 5.00 X 0 0 0 BUNNY ADCOCK DIRECTOR 5.00 X 0 0 0 JIM RANKIN DIRECTOR 5.00 X 0 0 0 SCOTTY BELL DIRECTOR 5.00 X 0 0 0 BART CASTLEBERRY DIRECTOR 5.00 X 0 0 0 MARY WARD DIRECTOR 5.00 X 0 0 0 DREW GAINOR DIRECTOR 5.00 X 0 0 0 KAREN GARRETT DIRECTOR 5.00 X 0 0 0 DR HOUSTON DAVIS DIRECTOR 5.00 X 0 0 0 BRAD LACY SECRETARY/TREASURER 40.00 X 316704 0 0 JOHN-LEWIS J GATES EXECUTIVE VICE PRESIDENT 40.00 X 224504 0 0 LAURA GRIMES CHIEF FINANCIAL OFFICER 40.00 X 157369 0 0 COREY PARKS CHIEF ECONOMIC DEVELOPMENT OFFICER 40.00 X 152975 0 0 851552 0 0 4 0 1 0 0 111000 111000 GAINWELL PROJECT REVENUE 900099 745114 745114 CHAMBER AGREEMENT 900099 250000 250000 ECONOMIC DEVELOPMENT MGMT SVC 900099 100000 100000 MANAGEMENT FEE 900099 92000 92000 MISCELLANEOUS INCOME 900099 51965 51965 1239079 62177 62177 1940118 1443385 496733 496733 496733 9101418 0 9101418 9101418 9101418 INVESTMENT IN CANTRELL FIELD DEVE 900099 -727 -727 -727 11009680 10898680 0 0 731138 731138 122214 122214 59990 59990 62339 62339 6224 6224 14322 8913 5409 11899 11899 53852 53852 177918 177918 247644 247644 34308 34308 15215 15215 COST OF LAND SOLD 3529317 3529317 GAINWELL PASS-THROUGH E 766408 766408 BAD DEBT - CANTRELL FIE 587091 587091 COST OF LAND - IMPROVEM 106140 106140 331863 304266 27597 6857882 5644163 1213719 0 393842 2390944 3562458 5186456 662504 175846 36961798 10489546 29475663 26472252 34094467 34225498 176384 1609618 150875 150875 18218950 12587109 18546209 14347602 X 13139507 17191893 2408751 2686003 15548258 19877896 34094467 34225498 4151798 177840 0 X X 0 0 0 7457362 7457362 29147688 10238867 18908821 356748 250679 106069 26472252 12630905 177840 1443385 1621225 11009680 0 11009680 8776267 1443385 1443385 7332882 0 7332882 PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL - EXPENSES NETTED INCOME PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL - EXPENSES NETTED INCOME X 0 0 X X X X 0 0 0 BRAD LACY SECRETARY/TREASURER 316704 0 0 0 0 0 0 0 0 0 316704 0 0 0 JOHN-LEWIS J GATES EXECUTIVE VICE PRESIDENT 224504 0 0 0 0 0 0 0 0 0 224504 0 0 0 LAURA GRIMES CHIEF FINANCIAL OFFICER 157369 0 0 0 0 0 0 0 0 0 157369 0 0 0 COREY PARKS CHIEF ECONOMIC DEVELOPMENT OFFICER 152975 0 0 0 0 0 0 0 0 0 152975 0 0 0 PART I, LINE 1B PART I, LINE 1A - FRINGE OR EXPENSE EXPLANATION THE ORGANIZATION PROVIDES GYM MEMMBERSHIP AS A FRINGE BENEFIT FOR THE CEO. PART I, LINE 1B - WRITTEN REIMBURSEMENT POLICY EXPLANATION THERE IS NO WRITTEN POLICY REGARDING THIS FRINGE BENEFIT BUT THE BOARD OF DIRECTORS HAS APPROVED IT. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT DELEGATED CONWAY DEVELOPMENT CORPORATION DELEGATED MANAGEMENT OF THE GAINWELL BUILDING TO FLAKE & KELLY MANAGEMENT. THIS COMPANY MANAGES THE DAY TO DAY ACTIVITES RELATED TO RENTAL AND MAINTENANCE OF THIS BUILDING. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE FORM 990 IS APPROVED BY THE BOARD BEFORE SIGNING AND SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIALS/OFFICERS THE ORGANIZATION ELECTS A COMPENSATION REVIEW COMMITTEE TO REVIEW AND DETERMINE THE STAFF'S COMPENSATION.THE BOARD OF DIRECTORS VOTED TO APPROVE THE FINAL COMPENSATION AMOUNTS. FORM 990, PART VI, SECTION C, LINE 18 NO PUBLIC DISCLOSURE DOCUMENTS AVAILABLE UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE NO DOCUMENTS AVAILABLE TO THE PUBLIC AUDIT COMMITTEE RESPONSIBILITY THE BOARD OF DIRECTORS SELECTS THE AUDITOR EACH YEAR. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.