Nonprofit · EIN 71-0638559
HEMPSTEAD COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · HOPE, AR 71802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $241,020 | $245,076 | -$4,056 | $663,412 | $0 | $663,412 |
| December 31, 2024 | 990 | $229,931 | $237,416 | -$7,485 | $670,317 | $2,849 | $667,468 |
| December 31, 2023 | 990 | $214,645 | $169,031 | $45,614 | $674,953 | $0 | $674,953 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $219,808
- Membership dues
- $219,808
- Program service revenue
- $0
- Investment income
- $21,212
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $94,478
- Other salaries and wages
- $38,400
- Salaries, compensation and benefits (total)
- $174,397
- Professional fundraising fees
- $0
- Accounting fees
- $8,939
- Depreciation
- $1,253
- Program services (functional)
- $60,487
- Management and general (functional)
- $88,858
Balance sheet and other
- Total assets, start of year
- $670,317
- Total assets, end of year
- $663,412
- Total liabilities, end of year
- $0
- Net assets, end of year
- $663,412
- Land, buildings and equipment
- $1,470
- Net assets without donor restrictions
- $663,412
- Gross receipts
- $241,020
- Employees
- 2
- Volunteers
- 25
- Year formed
- 1986
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNA POWELL | EXECUTIVE DIRECTOR | 40 | $94,478 |
| LESTER SITZES III | Chairman Trustee or director, Officer | 5 | $0 |
| STEVE MONTGOMERY | Director Trustee or director | 0 | $0 |
| MARK ROSS | Director Trustee or director | 0 | $0 |
| ED DARLING | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNA POWELL | EXECUTIVE DIRECTOR | 40 | $90,892 |
| LESTER SITZES III | Chairman Trustee or director, Officer | 5 | $0 |
| STEVE MONTGOMERY | Director Trustee or director | 0 | $0 |
| MARK ROSS | Director Trustee or director | 0 | $0 |
| ED DARLING | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNA POWELL | EXECUTIVE DIRECTOR | 40 | $75,683 |
| LESTER SITZES III | Chairman Trustee or director, Officer | 5 | $0 |
| STEVE MONTGOMERY | Director Trustee or director | 0 | $0 |
| MARK ROSS | Director Trustee or director | 0 | $0 |
| ED DARLING | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 971, HOPE, AR 71802-0971
- Principal officer (990 for 2025)
- LESTER SITZES III, PO BOX 971, HOPE, AR 71802
- Signed the 990
- ANNA POWELL, Executive Dir.
- Phone
- (870) 777-8485
- Return prepared by
- DOWD & COMPANY PLLC CPAS
Mission
INDUSTRIAL & ECONOMIC DEVELOPMENT
Program accomplishments
- PROMOTE INDUSTRIAL DEVELOPMENT BY RECRUITING, PROCURING, MAINTAINING, AND EXPANDING INDUSTRIAL AND COMMERCIAL DEVELOPMENT THROUGHOUT HEMPSTEAD COUNTY, ARKANSAS
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 | 990 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
- 71-0638559
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $663,412
- Income (IRS master file)
- $241,020
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $241,020 | $245,076 | $663,412 | IRS |
| 990 | December 2024 | $229,931 | $237,416 | $670,317 | XML |
| 990 | December 2023 | $214,645 | $169,031 | $674,953 | XML |
| 990 | December 2022 | $189,552 | $246,029 | $648,398 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 71-0638559).
Questions about HEMPSTEAD COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of HEMPSTEAD COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of HEMPSTEAD COUNTY ECONOMIC DEVELOPMENT CORPORATION is 71-0638559.
- Is HEMPSTEAD COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1987.
- Are donations to HEMPSTEAD COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HEMPSTEAD 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 HEMPSTEAD COUNTY ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEMPSTEAD 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 2025.
- Who is the principal officer of HEMPSTEAD COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names LESTER SITZES III.
- Who are the officers and directors of HEMPSTEAD COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $94,478 (ANNA POWELL, EXECUTIVE DIRECTOR).
- How much revenue does HEMPSTEAD COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $241,020, expenses of $245,076 and total assets of $663,412 at year end.
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