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Nonprofit · EIN 71-6057382

SEARCY REGIONAL ECONOMIC DEVELOPMENT CORPORATION

Tax-exempt · SEARCY, AR 72143

Financials

$98K$181K2023$483K$403K2024$446K$271K2025
Revenue Expenses · by fiscal year end
Financials of SEARCY REGIONAL ECONOMIC DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$445,787$271,002$174,785$3,692,393$210$3,692,183
December 31, 2024990$483,415$402,515$80,900$3,517,598$200$3,517,398
December 31, 2023990$98,313$180,875-$82,562$3,368,791$1,729$3,367,062
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$12,000
Membership dues
$12,000
Program service revenue
$277,721
Investment income
$156,066
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$147,800
Salaries, compensation and benefits (total)
$159,289
Professional fundraising fees
$0
Accounting fees
$3,623
Occupancy
$10,425
Travel
$4,370
Depreciation
$463
Program services (functional)
$271,002

Balance sheet and other

Total assets, start of year
$3,517,598
Total assets, end of year
$3,692,393
Total liabilities, end of year
$210
Net assets, end of year
$3,692,183
Land, buildings and equipment
$1,159
Net assets without donor restrictions
$3,692,183
Gross receipts
$445,787
Employees
1
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, 2025, highest compensation first.

NameTitleHours / weekCompensation
LISA BROWNBOARD MEMBER
Trustee or director
–$0
STEVEN COLLIERBOARD MEMBER
Trustee or director
–$0
STUART DALRYMPLEBOARD MEMBER
Trustee or director
–$0
MAT FAULKNERBOARD MEMBER
Trustee or director
–$0
LADONNA JOHNSTONBOARD MEMBER
Trustee or director
–$0
STEVE LIGHTLEVICE CHAIRMA
Trustee or director
–$0
WILL MOOREBOARD MEMBER
Trustee or director
–$0
TINA NOVAKBOARD MEMBER
Trustee or director
–$0
NATHAN RUTLEDGESECRETARY
Trustee or director
–$0
KELLY STANLEYBOARD MEMBER
Trustee or director
–$0
DARRELL WELCHPRESIDENT
Trustee or director
40$0
MIKE WILLIAMSBOARD MEMBER
Trustee or director
–$0
ADAM HARTCHAIRMAN
Officer
–$0
990 for the year ended December 31, 2024: 14 people
NameTitleHours / weekCompensation
STEVE LIGHTLEVICE CHAIRMAN
Trustee or director
0$0
NATHAN RUTLEDGESECRETARYTREASURER
Trustee or director
0$0
RICKY FLOYDBOARD MEMBER
Trustee or director
0$0
MIKE WILLIAMSBOARD MEMBER
Trustee or director
0$0
LADONNA JOHNSTONBOARD MEMBER
Trustee or director
0$0
STEPHEN COLLIERBOARD MEMBER
Trustee or director
0$0
STUART DALRYMPLEBOARD MEMBER
Trustee or director
0$0
WILL MOOREBOARD MEMBER
Trustee or director
0$0
MAT FAULKNERBOARD MEMBER
Trustee or director
0$0
LISA BROWNBOARD MEMBER
Trustee or director
0$0
CASEY CULLIPHERBOARD MEMBER
Trustee or director
0$0
KELLY STANLEYBOARD MEMBER
Trustee or director
0$0
DARRELL WELCHPRESIDENT
Trustee or director
40$0
ADAM HARTCHAIRMAN
Trustee or director, Officer
0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
KYLE OSBORNEBOARD MEMBER
Trustee or director
0$0
MICHAEL LINCOLNBOARD MEMBER
Trustee or director
0$0
ADAM HARTBOARD MEMBER
Trustee or director
0$0
DONNIE MILLERBOARD MEMBER
Trustee or director
0$0
STEVEN COLLIERBOARD MEMBER
Trustee or director
0$0
PHILLIP HAYSBOARD MEMBER
Trustee or director
0$0
PHIL MILLERBOARD MEMBER
Trustee or director
0$0
MATT FAULKNERBOARD MEMBER
Trustee or director
0$0
DAVID EVANSBOARD MEMBER
Trustee or director
0$0
REYNIE RUTLEDGEBOARD MEMBER
Trustee or director
0$0
BRYAN BURKSBOARD MEMBER
Trustee or director
0$0
ROSS RIDOUTTREASURER
Trustee or director
0$0
RICKY FLOYDPRESIDENT
Trustee or director, Officer
0$0

Address and contacts

Address (IRS master file)
200 S SPRING ST, SEARCY, AR 72143-6745
In care of
% DARRELL WELCH
Principal officer (990 for 2025)
ADAM HART
Signed the 990
DARRELL WELCH, PRESIDENT
Phone
(903) 253-4833
Return prepared by
TURNER WILLIAMS AND ASSOCIATES PA

Mission

TO PROMOTE GROWTH IN EXISTING INDUSTRY AND RECRUIT NEW INDUSTRIES FOR THE BENEFIT OF THE CITY OF SEARCY ARKANSAS

990 for the year ended December 31, 2025

Program accomplishments

  • TO PROMOTE GROWTH IN EXISTING INDUSTRY AND RECRUIT NEW INDUSTRIES FOR THE BENEFIT OF THE CITY OF SEARCY ARKANSAS
  • TO PROMOTE GROWTH IN EXISTING INDUSTRY AND RECRUIT NEW INDUSTRIES FOR THE BENEFIT OF THE CITY OF SEARCY 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
71-6057382
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1959
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,692,393
Income (IRS master file)
$445,787

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$445,787$271,002$3,692,393IRS
990December 2024$483,415$402,515$3,517,598IRS
990December 2023$98,313$180,875$3,368,791XML
990December 2022$1,186,211$143,263$3,449,624IRS
990December 2021–––IRS
990December 2020–––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 71-6057382).

Questions about SEARCY REGIONAL ECONOMIC DEVELOPMENT CORPORATION

What is the EIN of SEARCY REGIONAL ECONOMIC DEVELOPMENT CORPORATION?
The employer identification number (EIN) of SEARCY REGIONAL ECONOMIC DEVELOPMENT CORPORATION is 71-6057382.
Is SEARCY REGIONAL ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1959.
Are donations to SEARCY REGIONAL ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SEARCY REGIONAL 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 SEARCY REGIONAL 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 SEARCY REGIONAL 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 SEARCY REGIONAL ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 names ADAM HART.
Who are the officers and directors of SEARCY REGIONAL ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 lists 13 people; 0 received compensation from the organization.
How much revenue does SEARCY REGIONAL ECONOMIC DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $445,787, expenses of $271,002 and total assets of $3,692,393 at year end.

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