Nonprofit · EIN 71-0433897
GARLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · HOT SPRINGS, AR 71902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $526,058 | $608,646 | -$82,588 | $2,498,280 | $505,006 | $1,993,274 |
| December 31, 2023 | 990 | $965,237 | $647,481 | $317,756 | $2,596,100 | $506,107 | $2,089,993 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $380,791
- Investment income
- $1,514
- Net rental income
- $143,753
- Other revenue
- $143,753
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $15,679
- Travel
- $24,204
- Depreciation
- $562
- Program services (functional)
- $126,886
- Management and general (functional)
- $481,760
Balance sheet and other
- Total assets, start of year
- $2,596,100
- Total assets, end of year
- $2,498,280
- Total liabilities, end of year
- $505,006
- Net assets, end of year
- $1,993,274
- Land, buildings and equipment
- $1,245,756
- Net assets without donor restrictions
- $1,993,274
- Gross receipts
- $622,137
- Employees
- 0
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR BILL ALLISON | SECRETARY Trustee or director | – | $0 |
| STEVE ARRISON | DIRECTOR Trustee or director | – | $0 |
| KELLIE ASHLOCK | DIRECTOR Trustee or director | – | $0 |
| KAROL BAILES | DIRECTOR Trustee or director | – | $0 |
| SCOTT BAILEY | DIRECTOR Trustee or director | – | $0 |
| FRANKLIN BASS | SENIOR COUNC Trustee or director | – | $0 |
| DUNCAN BELLINGRATH | DIRECTORS Trustee or director | – | $0 |
| CODY BURKHAM | DIRECTOR Trustee or director | – | $0 |
| BILL BURROUGH | DIRECTOR Trustee or director | – | $0 |
| ALAN CLARK | DIRECTOR Trustee or director | – | $0 |
| BRUCE COZART | DIRECTOR Trustee or director | – | $0 |
| SCOTT DEWS | SENIOR COUNC Trustee or director | – | $0 |
| TODD GREEN | SENIOR COUNC Trustee or director | – | $0 |
| NEAL HARRINGTON | DIRECTOR Trustee or director | – | $0 |
| RORY HERNDON | DIRECTOR Trustee or director | – | $0 |
37 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAWN HIGGINBOTHAM | DIRECTOR Trustee or director | – | $0 |
| BRIAN HILL | SENIOR COUNC Trustee or director | – | $0 |
| DR JOHN HOGAN | SENIOR COUNC Trustee or director | – | $0 |
| MARSHUNDA JONES | DIRECTOR Trustee or director | – | $0 |
| KAREN KITCHENS | DIRECTOR Trustee or director | – | $0 |
| JOSH KRAUSS | DIRECTOR Trustee or director | – | $0 |
| CHUCK LAUNIUS | TREASURER Trustee or director | – | $0 |
| GEN JEFF LOFGREN | DIRECTOR Trustee or director | – | $0 |
| DARRYL MAHONEY | DIRECTOR Trustee or director | – | $0 |
| TONY MCANLY | DIRECTOR Trustee or director | – | $0 |
| PAT MCCABE | DIRECTOR Trustee or director | – | $0 |
| RICK MCCLURE | DIRECTOR Trustee or director | – | $0 |
| RICHARD MCGREW | DIRECTOR Trustee or director | – | $0 |
| MATT MCKEE | DIRECTOR Trustee or director | – | $0 |
| DAN MESSERSMITH | DIRECTOR Trustee or director | – | $0 |
| JAMES MONTGOMERY | SENIOR COUNC Trustee or director | – | $0 |
| DWAYNE PRATT | DIRECTOR Trustee or director | – | $0 |
| ALLISON RAMSEY | DIRECTOR Trustee or director | – | $0 |
| DR DOUG ROSS | DIRECTOR Trustee or director | – | $0 |
| DON ROWLETT | DIRECTOR Trustee or director | – | $0 |
| ED SANDERS | SENIOR COUNC Trustee or director | – | $0 |
| KEVIN SEXTON | DIRECTOR Trustee or director | – | $0 |
| LARRY SIENER | DIRECTOR Trustee or director | – | $0 |
| VINCE SIGNORELLI | CHAIRMAN Trustee or director | – | $0 |
| BRYAN SMITH | VICE-CHAIRMA Trustee or director | – | $0 |
| KEITH SMITH | DIRECTOR Trustee or director | – | $0 |
| FORREST SPICHER | SENIOR COUNC Trustee or director | – | $0 |
| DR JERRY THOMAS | DIRECTOR Trustee or director | – | $0 |
| CHAD TILLERY | DIRECTOR Trustee or director | – | $0 |
| DAVID TRICE | DIRECTOR Trustee or director | – | $0 |
| MATT TWYTORD | DIRECTOR Trustee or director | – | $0 |
| BEN VAN WAGNER | DIRECTOR Trustee or director | – | $0 |
| STACY WALLEY | DIRECTOR Trustee or director | – | $0 |
| LES WARREN | DIRECTOR Trustee or director | – | $0 |
| TODD WOERPEL | SENIOR COUNC Trustee or director | – | $0 |
| JARED ZEISER | DIRECTOR Trustee or director | – | $0 |
| GARY TROUTMAN | PRESIDENT Officer | – | $0 |
990 for the year ended December 31, 2023: 51 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BILL ALLISON | DIRECTOR Trustee or director | 2 | $0 |
| DR NANCY ANDERSON | DIRECTOR Trustee or director | 2 | $0 |
| STEVE ARRISON | DIRECTOR Trustee or director | 2 | $0 |
| KELLIE ASHLOCK | DIRECTOR Trustee or director | 2 | $0 |
| KAROL BAILES | DIRECTOR Trustee or director | 2 | $0 |
| FRANKLIN BASS | DIRECTOR Trustee or director | 2 | $0 |
| CRYSTAL BOHANNAN | DIRECTOR Trustee or director | 2 | $0 |
| BILL BURROUGH | DIRECTOR Trustee or director | 2 | $0 |
| ALAN CLARK | DIRECTOR Trustee or director | 2 | $0 |
| BRUCE COZART | DIRECTOR Trustee or director | 2 | $0 |
| SCOTT DEWS | CHAIRMAN Trustee or director | 4 | $0 |
| COREENA FETTERHOFF | DIRECTOR Trustee or director | 2 | $0 |
| BETSY GARRETT | DIRECTOR Trustee or director | 2 | $0 |
| TODD GREEN | PAST CHAIRMA Trustee or director | 2 | $0 |
| BRIAN HILL | SENIOR COUNC Trustee or director | 2 | $0 |
| KELLY HALE | DIRECTOR Trustee or director | 2 | $0 |
| NEAL HARRINGTON | DIRECTOR Trustee or director | 2 | $0 |
| RORY HERNDON | DIRECTOR Trustee or director | 2 | $0 |
| GENE HIGGINBOTH | DIRECTOR Trustee or director | 2 | $0 |
| DR JOHN HOGAN | PAST CHAIRMA Trustee or director | 2 | $0 |
| MARSHUNDA JONES | DIRECTOR Trustee or director | 2 | $0 |
| KAREN KITCHENS | DIRECTOR Trustee or director | 2 | $0 |
| CHUCK LAUNIUS | DIRECTOR Trustee or director | 2 | $0 |
| JEFF LOFGREN | DIRECTOR Trustee or director | 2 | $0 |
| DAN MESSERSMITH | DIRECTOR Trustee or director | 2 | $0 |
| JAMES MONTGOMERY | SENIOR COUNC Trustee or director | 2 | $0 |
| DARRYL MAHONEY | DIRECTOR Trustee or director | 2 | $0 |
| PAT MCCABE | DIRECTOR Trustee or director | 2 | $0 |
| MAC MCCLANAHAN | DIRECTOR Trustee or director | 2 | $0 |
| RICK MCCLURE | DIRECTOR Trustee or director | 2 | $0 |
| RICHARD MCGREW | DIRECTOR Trustee or director | 2 | $0 |
| MATT MCKEE | DIRECTOR Trustee or director | 2 | $0 |
| DWAYNE PRATT | DIRECTOR Trustee or director | 2 | $0 |
| PAUL RISER | SENIOR COUNC Trustee or director | 2 | $0 |
| ALLISON RAMSEY | DIRECTOR Trustee or director | 2 | $0 |
| DOUG ROSS | CHAIR DESIGN Trustee or director | 4 | $0 |
| KEVIN SEXTON | DIRECTOR Trustee or director | 2 | $0 |
| VINCE SIGNORELLI | VICE-CHAIRMA Trustee or director | 4 | $0 |
| BRYAN SMITH | SECRETARY Trustee or director | 4 | $0 |
| BRYAN SMITH | DIRECTOR Trustee or director | 2 | $0 |
| KEITH SMITH | DIRECTOR Trustee or director | 2 | $0 |
| SCOTT SMITH | TREASURER Trustee or director | 4 | $0 |
| FORREST SPICHER | DIRECTOR Trustee or director | 2 | $0 |
| DR JERRY THOMAS | DIRECTOR Trustee or director | 2 | $0 |
| CHAD TILLERY | DIRECTOR Trustee or director | 2 | $0 |
| MATT TWYFORD | DIRECTOR Trustee or director | 2 | $0 |
| BEN VANWAGNER | DIRECTOR Trustee or director | 2 | $0 |
| TODD WOERPEL | SENIOR COUNC Trustee or director | 2 | $0 |
| STACY WALLEY | DIRECTOR Trustee or director | 2 | $0 |
| LES WARREN | DIRECTOR Trustee or director | 2 | $0 |
| GARY TROUTMAN | PRESIDENT Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6090, HOT SPRINGS, AR 71902-6090
- Principal officer (990 for 2024)
- GARY TROUTMAN, PO BOX 6090, HOT SPRINGS, AR 71902
- Signed the 990
- GARY TROUTMAN, PRESIDENT
- Phone
- (501) 321-1700
- Website
- GROWINGHOTSPRINGS.COM
- Return prepared by
- ELLIS & MOORE PLLC
Mission
INDUSTRIAL/ECONOMIC DEVELOPMENT
Program accomplishments
- ALL PROGRAM SERVICE EXPENSES APPLY TO ECONOMIC DEVELOPMENT OF GARLAND COUNTY, AR. ECONOMIC DEVELOPMENT AND MARKETING IS THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION.Expenses $121,112
- PROGRAM SERVICE EXPENSES APPLY TO ECONOMIC DEVELOPMENT OF GARLAND COUNTY,AR. ECONOMIC DEVELOPMENT AND MARKETING ARE THE PRIMARY EXEMPT PURPOSES OF THE ORGANIZATION.Expenses $5,774
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 71-0433897
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,498,280
- Income (IRS master file)
- $622,137
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $526,058 | $608,646 | $2,498,280 | IRS |
| 990 | December 2023 | $965,237 | $647,481 | $2,596,100 | XML |
| 990 | December 2022 | $476,552 | $479,692 | $2,270,062 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 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 71-0433897).
Questions about GARLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of GARLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of GARLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION is 71-0433897.
- Is GARLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1973.
- Are donations to GARLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GARLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION 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 GARLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION 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 GARLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION 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 GARLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names GARY TROUTMAN.
- Who are the officers and directors of GARLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 52 people; 0 received compensation from the organization.
- How much revenue does GARLAND COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $526,058, expenses of $608,646 and total assets of $2,498,280 at year end.
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