Nonprofit · EIN 71-0484063
FORREST CITY INDUSTRIAL DEVELOPMENT CORPORATION
Tax-exempt · FORREST CITY, AR 72335
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $160,943 | $91,152 | $69,791 | $1,131,610 | $0 | $1,131,610 |
| December 31, 2023 | 990 | $62,696 | $52,509 | $10,187 | $1,061,819 | $0 | $1,061,819 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $111,103
- of which government grants
- $107,373
- Membership dues
- $3,730
- Program service revenue
- $0
- Investment income
- $28,535
- Net rental income
- $21,305
- Other revenue
- $21,305
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,400
- Travel
- $4,814
- Program services (functional)
- $86,752
- Management and general (functional)
- $4,400
Balance sheet and other
- Total assets, start of year
- $1,061,819
- Total assets, end of year
- $1,131,610
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,131,610
- Land, buildings and equipment
- $263,688
- Gross receipts
- $160,943
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1955
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAD DEVAZIER | PAST PRESIDENT Trustee or director, Officer | 0 | $0 |
| MICHAEL SWAN | PRESIDENT Trustee or director, Officer | 0 | $0 |
| BRICE FLETCHER | SECRETARY TREASURER Trustee or director, Officer | 0 | $0 |
| WESTON LEWEY | DIRECTOR Trustee or director | 0 | $0 |
| GLENN PATTERSON | DIRECTOR Trustee or director | 0 | $0 |
| GREG GIBSON | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| KIRK BILLINGSLEY | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GLENN PATTERSON | DIRECTOR Trustee or director | 0 | $0 |
| WESTON LEWEY | DIRECTOR Trustee or director | 0 | $0 |
| KIRK BILLINGSLEY | DIRECTOR Trustee or director | 0 | $0 |
| GREG GIBSON | DIRECTOR Trustee or director | 0 | $0 |
| JOHN ALDERSON | DIRECTOR Trustee or director | 0 | $0 |
| BRAD DEVAZIER | PRESIDENT Trustee or director, Officer | 0 | $0 |
| MICHAEL SWAN | SECRETARY Trustee or director, Officer | 0 | $0 |
| BRICE FLETCHER | TREASURER Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 203 N IZARD ST, FORREST CITY, AR 72335-3323
- In care of
- % MICHAEL SWAN
- Mailing address (990-N for 2021)
- 203 N IZARD, FORREST CITY AR 72335
- Principal officer (990 for 2024)
- MICHAEL SWAN, 975 SFC 311, FORREST CITY, AR 72335
- Principal officer (990-N for 2021)
- BRAD DEVAZIER, PO BOX 409, FORREST CITY AR 72336
- Signed the 990
- MICHAEL SWAN, PRESIDENT
- Phone
- (870) 633-1651
- Return prepared by
- FREDERICK N MCCOLLUM III CPA PA
Mission
INDUSTRIAL PARK - BUYING & SELLING LAND TO MAKE INDUSTRIAL SITES AVAILABLEINDUTRIAL RECRUITMENT - CONTACTING & MEETING WITH PROSPECTS
Program accomplishments
- CONTINUED EFFORTS TO CONTACT AND MEET WITH POTENTIAL INDUSTRIAL PROSPECTSExpenses $86,752 · revenue $107,373
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
- 71-0484063
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,131,610
- Income (IRS master file)
- $160,943
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $160,943 | $91,152 | $1,131,610 | XML |
| 990 | December 2023 | $62,696 | $52,509 | $1,061,819 | XML |
| 990 | December 2022 | $194,179 | $51,714 | $1,051,632 | IRS |
| 990-N for 2021 Officer: BRAD DEVAZIER | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: BRAD DEVAZIER | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: BRAD DEVAZIER | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 71-0484063).
Questions about FORREST CITY INDUSTRIAL DEVELOPMENT CORPORATION
- What is the EIN of FORREST CITY INDUSTRIAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of FORREST CITY INDUSTRIAL DEVELOPMENT CORPORATION is 71-0484063.
- Is FORREST CITY INDUSTRIAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1983.
- Are donations to FORREST CITY INDUSTRIAL DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FORREST CITY INDUSTRIAL 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 FORREST CITY INDUSTRIAL 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 FORREST CITY INDUSTRIAL 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 FORREST CITY INDUSTRIAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names MICHAEL SWAN.
- Who are the officers and directors of FORREST CITY INDUSTRIAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does FORREST CITY INDUSTRIAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $160,943, expenses of $91,152 and total assets of $1,131,610 at year end.
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