2024-09-16T12:43:42-05:00 2023-12-31 710355269 LANDMARK PLC CPAS 200 W CAPITOL AVE SUITE 1700 LITTLE ROCK AR 72201 990 2023-01-01 581766093 SOUTHERN BANCORP CAPITAL PARTNERS SOUT 8702461026 400 HARDIN RD 100 LITTLE ROCK AR 72211 KENYA DAVENPORT PRESIDENT 8702461026 2024-09-16 1 1 RANDY L MILLIGAN CPA P00943582 5013752025 2023 2024-08-08 14:25:15Z SOUTHERN BANCORP COMMUNITY PARTNERS KENYA DAVENPORT 400 HARDIN RD 100 LITTLE ROCK AR 72211 7096823 0 X WWW.SOUTHERNPARTNERS.ORG X 1987 AR CREATING ECONOMIC OPPORTUNITIES IN DISTRESSED RURAL COMMUNITIES. 7 7 13 40 0 0 2373326 5625134 1030570 1269601 101432 202088 -23778 -13942 3481550 7082881 456066 395305 0 0 713183 980543 0 0 106715 1599375 2253632 2768624 3629480 712926 3453401 41114876 43927370 12804675 12163768 28310201 31763602 CREATING ECONOMIC OPPORTUNITIES IN DISTRESSED RURAL COMMUNITIES. 0 0 2118597 197653 1262767 SOUTHERN BANCORP COMMUNITY PARTNERS PROGRAMS PROVIDE COMMUNITY DEVELOPMENT SERVICES TO DISADVANTAGED RURAL COMMUNITIES. 470497 197653 6834 SOUTHERN BANCORP COMMUNITY PARTNERS PROGRAMS AND GRANTS PROVIDE ASSET BUILDING SERVICES TO DISADVANTAGED RURAL COMMUNITIES. 2589094 1 1 0 1 0 0 0 0 1 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 56 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AR MS X MARY BELL 8702461026 605 MAIN STREET SUITE 203 ARKADELPHIA AR 71923 KENYA DAVENPORT PRESIDENT - INCOMING 40.00 X 0 0 0 ANTHONY YOUNG PRESIDENT - OUTGOING 40.00 X 0 0 0 DONNA GAMBRELL CHAIR 1.00 X X 2000 0 0 AMANDA JOHNSON VICE CHAIR 1.00 X X 1500 0 0 CLARK TENNYSON DIRECTOR 1.00 X 2000 0 0 RAYMOND CHRISTMAN DIRECTOR 1.00 X 2000 0 0 DARRYL SWINTON DIRECTOR 1.00 X 500 0 0 TOM PITTMAN DIRECTOR 1.00 X 2000 0 0 AURELIA JONES-TAYLOR DIRECTOR 1.00 X 500 0 0 DARRIN WILLIAMS DIRECTOR 10.00 X 0 0 0 SARAH GENTRY DIRECTOR 1.00 X 1000 0 0 RALPH BROWN HIGHLY COMPENSATED EMPLOYEE 40.00 X 140000 0 16188 151500 0 16188 1 0 1 0 SOUTHERN BANCORP INC 605 MAIN STREET SUITE 203 ARKADELPHIA AR 71923 MGMT/HR/ACCT/OTHER 589672 1 3554503 2070631 5625134 INTEREST INCOME - LOAN 900099 1162270 1162270 FEE INCOME 900099 107331 107331 1269601 202088 202088 13942 -13942 -13942 -13942 7082881 1269601 0 188146 395305 395305 824864 765927 58937 46090 42554 3536 54618 49063 5555 54971 50462 4509 825270 425110 400160 245112 211012 34100 26943 26943 62545 4052 58493 19689 19689 12960 4971 7981 8 35267 33432 1835 43384 43384 190736 190736 BAD DEBT EXPENSE 733772 706094 27678 STAFF DEVELOPMENT 36140 13474 22666 DUES AND SUBSCRIPTIONS 20714 7534 13110 70 EQUIPMENT MAINTENANCE 1100 1100 3629480 2589094 933671 106715 3918165 4033295 8368707 9213113 80034 185511 17498220 18923475 178194 143553 121253 121253 0 0 10979976 11318132 91580 110291 41114876 43927370 420447 484100 40893 71399 12155266 11495359 188069 112910 12804675 12163768 X 28310201 28563602 3200000 28310201 31763602 41114876 43927370 3453401 0 X 0 1 X 1 1 1 X 1951658 6875367 4823688 2373326 5625134 21649173 1951658 6875367 4823688 2373326 5625134 21649173 6024836 15624337 80701 10527 49504 106432 202088 449252 22098425 5091138 0.70700 0.67260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 26943 0 0 26943 0 PART II-B, LINE 1: DURING THE CURRENT YEAR, THE POLICY DIRECTOR SERVED AS AN ADVISOR TO THE ARKANSAS COALITION ON HOUSING AND NEIGHBORHOOD AND A STATE REPRESENTATIVE ON POTENTIAL AFFORDABLE HOUSING POLICY INITIATIVES THAT COULD BE VIABLE FOR THE 2023 LEGISLATIVE SESSION IN ARKANSAS. SOUTHERN POLICY STAFF, IN CONJUNCTION WITH THE CONTRACT LOBBYIST, CONTINUED TO ENGAGE MISSISSIPPI LEGISLATORS TO EDUCATE THEM ABOUT THE BENEFITS OF STATE INDIVIDUAL DEVELOPMENT ACCOUNT PROGRAM (IDA) USING TANF MATCHING FUNDS. SOUTHERN POLICY STAFF, IN CONJUCTION WITH THE CONTRACT LOBBYIST, HELPED PREPARE STAFF FOR THE LEGISLATIVE REVIEW OF THE ARKANSAS DEPARTMENT OF WORKFORCE SERVICES IDA CONTRACT. 0 1 X 121253 121253 0 0 INVESTMENT IN SOUTHERN BANCORP 10950476 F INVESTMENT IN FHLBD 30100 F OTHER INVESTMENTS 337556 F 11318132 AGENCY ARRANGEMENT LIABILITY 26581 REFUNDABLE ADVANCES 86329 112910 X 7096823 13942 13942 7082881 0 7082881 3643422 13942 13942 3629480 0 3629480 PART IV, LINE 2B: SBCP COLLECTS ESCROW PAYMENT FROM ITS LOAN CUSTOMERS ON A MONTHLY BASIS. SBCP PAYS ALL REQUIRED VENDORS FOR PROPERTY TAXES AND INSURANCE. PART X, LINE 2: SBCP IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE CODE). ACCOUNTING STANDARDS REQUIRE THE SBCP TO EVALUATE TAX POSITIONS AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF SBCP HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. SBCP HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE THE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. SBCP MAY BE SUBJECT TO AUDIT BY THE INTERNAL REVENUE SERVICE; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 13,942. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 13,942. 1 ARKADELPHIA PROMISE FOUNDATION 235 NORTH 11TH STREET ARKADELPHIA AR 71923 273981892 501(C)(3) 332146 0 EDUCATION SCHOLARSHIPS 1 PART I, LINE 2: SBCP REQUIRES RECIPIENT ORGANIZATION OF EDUCATIONAL SCHOLARSHIPS TO PRESENT AT LEAST ANNUAL REPORTS. 0 0 0 0 0 0 0 0 0 RALPH BROWN HIGHLY COMPENSATED EMPLOYEE 140000 0 0 0 0 0 8400 0 7788 0 156188 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FIRST DRAFTED BY THE ORGANIZATION'S EXTERNAL ACCOUNTING FIRM AND THE DIRECTOR OF FINANCE. ONCE THE DRAFT IS COMPLETE, IT IS GIVEN TO THE ORGANIZATION'S PRESIDENT, THE BOARD FINANCE COMMITTEE, AND THE GOVERNING BODY FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE ORGANIZATION'S HUMAN RESOURCE DEPARTMENT. IF THERE ARE ANY SIGNS OF A VIOLATION, THEY ARE DEALT WITH IMMEDIATELY FOR RESOLUTION. THE SBCP BOARD OF DIRECTORS SIGN A CONFLICT OF INTEREST AGREEMENT ANNUALLY. THE FORMS ARE REVIEWED FOR ANY CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL REVIEWS ARE PERFORMED AT THE END OF EACH YEAR ON ALL EXECUTIVES, OFFICERS, AND EMPLOYEES OF THE ORGANIZATION. THE REVIEWS ARE ADMINISTERED BY THE ORGANIZATION'S HUMAN RESOURCES DEPARTMENT AND ARE USED TO DETERMINE COMPENSATION ADJUSTMENTS. EACH EMPLOYEE IS REVIEWED BY HIS/HER IMMEDIATE SUPERVISOR BASED ON PERFORMANCE THROUGHOUT THE YEAR. THE CEO/PRESIDENT'S COMPENSATION IS REVIEWED BY HIS/HER SUPERVISOR AND THE SBCP BOARD OF DIRECTORS. OTHER OFFICERS AND KEY EMPLOYEES' COMPENSATION ARE REVIEWED BY THE CEO. ONCE THE REVIEWS ARE APPROVED, SALARIES ARE ADJUSTED BASED OFF OF EXTERNAL COMPENSATION SURVEYS AND REPORTS. THE LAST REVIEW WAS CONDUCTED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION CURRENTLY DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC.