Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 58-1893506

ARKANSAS VALLEY ALLIANCE FOR ECONOMIC DEVELOPMENT INC

Tax-exempt · RUSSELLVILLE, AR 72801

Financials

−$285K$219K2023$155K$216K2024
Revenue Expenses · by fiscal year end
Financials of ARKANSAS VALLEY ALLIANCE FOR ECONOMIC DEVELOPMENT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$154,712$216,257-$61,545$701,940$4,505$697,435
December 31, 2023990-$285,414$219,169-$504,583$763,485$4,505$758,980
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$137,500
of which government grants
$115,000
Membership dues
$22,500
Program service revenue
$0
Investment income
$17,212
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$130,140
Salaries, compensation and benefits (total)
$158,821
Professional fundraising fees
$0
Legal fees
$2,942
Accounting fees
$3,900
Depreciation
$278
Program services (functional)
$205,042
Management and general (functional)
$11,215

Balance sheet and other

Total assets, start of year
$763,485
Total assets, end of year
$701,940
Total liabilities, end of year
$4,505
Net assets, end of year
$697,435
Land, buildings and equipment
$220,010
Net assets without donor restrictions
$697,435
Gross receipts
$154,712
Employees
0
Year formed
1997
State of legal domicile
AR

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
CHIP BLANCHARDAT LARGE REP
Trustee or director
0.5$0
OMAR CLEMONSDIRECTOR
Trustee or director, Officer
0.5$0
JUDGE BEN CROSSDIRECTOR
Trustee or director
0.5$0
LUKE DUFFIELDDIRECTOR
Trustee or director, Officer
0.5$0
ALLEN LAWSAT LARGE REP
Trustee or director, Officer
0.5$0
GREGG LONGCHAIRMAN
Trustee or director, Officer
0.5$0
ANDY MCNEILDIRECTOR
Trustee or director
0.5$0
DUSTIN MORPHISVICE CHAIRMA
Trustee or director, Officer
0.5$0
CHRIS OLSONDIRECTOR
Trustee or director
0.5$0
JOSH STONEDIRECTOR
Trustee or director
0.5$0
BLAKE TARPLEYDIRECTOR
Trustee or director
0.5$0
MAYOR FRED TEAGUEDIRECTOR
Trustee or director
0.5$0
CASEY WILLISDIRECTOR
Trustee or director
0.5$0
JOE WILSONPAST CHAIRMA
Trustee or director, Officer
0.5$0
STEVE MALLETTTREASURER
Officer
0.5$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensation
CHIP BLANCHARDAT LARGE REP
Trustee or director
0.5$0
JASON BLAYLOCKDIRECTOR
Trustee or director
0.5$0
OMAR CLEMONSSECRETARY
Trustee or director, Officer
0.5$0
JUDGE BEN CROSSDIRECTOR
Trustee or director
0.5$0
LUKE DUFFIELDDIRECTOR
Trustee or director, Officer
0.5$0
RUSS JONESDIRECTOR
Trustee or director
0.5$0
ALLEN LAWSAT LARGE REP
Trustee or director, Officer
0.5$0
GREGG LONGVICE CHAIRMA
Trustee or director, Officer
1$0
GINNI MCDONALDDIRECTOR
Trustee or director
0.5$0
ANDY MCNEILDIRECTOR
Trustee or director
0.5$0
CHRIS OLSONDIRECTOR
Trustee or director
0.5$0
JOSH STONEDIRECTOR
Trustee or director
0.5$0
BLAKE TARPLEYDIRECTOR
Trustee or director
0.5$0
MAYOR FRED TEAGUEDIRECTOR
Trustee or director
0.5$0
JOE WILSONCHAIRMAN
Trustee or director, Officer
0.5$0
STEVE MALLETTTREASURER
Officer
1$0

Address and contacts

Address (IRS master file)
708 W MAIN ST, RUSSELLVILLE, AR 72801-3617
Principal officer (990 for 2024)
GREGG LONG, BOX 10189, RUSSELLVILLE, AR 728120189
Signed the 990
GREGG LONG, CHAIRMAN
Phone
(479) 968-2530
Return prepared by
SHOPTAW LABAHN & COMPANY PA

Mission

COMMUNITY, INDUSTRIAL AND ECONOMIC DEVELOPMENT.

990 for the year ended December 31, 2024

Program accomplishments

  • ECONOMIC DEVELOPMENT MARKETING AND PROMOTION - PROGRAMS RELATED TO THE PROMOTION OF EXISTING INDUSTRY AND BUSINESS AND RECRUITMENT OF NEW INDUSTRY AND BUSINESS TO THE LOCAL AREA.
    Expenses $205,042 · revenue $137,500

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-1893506
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1990
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$701,940
Income (IRS master file)
$154,712

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$154,712$216,257$701,940IRS
990December 2023-$285,414$219,169$763,485XML
990December 2022$193,902$229,633$1,277,648IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1893506).

Questions about ARKANSAS VALLEY ALLIANCE FOR ECONOMIC DEVELOPMENT INC

What is the EIN of ARKANSAS VALLEY ALLIANCE FOR ECONOMIC DEVELOPMENT INC?
The employer identification number (EIN) of ARKANSAS VALLEY ALLIANCE FOR ECONOMIC DEVELOPMENT INC is 58-1893506.
Is ARKANSAS VALLEY ALLIANCE FOR ECONOMIC DEVELOPMENT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1990.
Are donations to ARKANSAS VALLEY ALLIANCE FOR ECONOMIC DEVELOPMENT INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ARKANSAS VALLEY ALLIANCE FOR ECONOMIC DEVELOPMENT INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ARKANSAS VALLEY ALLIANCE FOR ECONOMIC DEVELOPMENT INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ARKANSAS VALLEY ALLIANCE FOR ECONOMIC DEVELOPMENT INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ARKANSAS VALLEY ALLIANCE FOR ECONOMIC DEVELOPMENT INC?
The 990 for the year ended December 31, 2024 names GREGG LONG.
Who are the officers and directors of ARKANSAS VALLEY ALLIANCE FOR ECONOMIC DEVELOPMENT INC?
The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
How much revenue does ARKANSAS VALLEY ALLIANCE FOR ECONOMIC DEVELOPMENT INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $154,712, expenses of $216,257 and total assets of $701,940 at year end.

Other nonprofits in RUSSELLVILLE

All nonprofits in RUSSELLVILLE · Arkansas