Nonprofit · EIN 87-0696221
ECONOMIC DEVELOPEMENT CORPORATION OF PARAGOULD
Tax-exempt · PARAGOULD, AR 72451
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $772,825 | $1,316,860 | -$544,035 | $6,962,645 | $703,180 | $6,259,465 |
| December 31, 2023 | 990 | $1,625,592 | $238,953 | $1,386,639 | $6,958,250 | $154,751 | $6,803,499 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $733,197
- of which government grants
- $620,473
- Membership dues
- $70,043
- Program service revenue
- $0
- Investment income
- $39,628
- Net gain from sales of assets
- $5,400
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $11,781
- Travel
- $4,722
- Depreciation
- $70,133
- Program services (functional)
- $1,316,860
Balance sheet and other
- Total assets, start of year
- $6,958,250
- Total assets, end of year
- $6,962,645
- Total liabilities, end of year
- $703,180
- Net assets, end of year
- $6,259,465
- Land, buildings and equipment
- $1,996,102
- Net assets without donor restrictions
- $6,259,465
- Gross receipts
- $772,825
- Employees
- 0
- Year formed
- 2003
- 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 |
|---|---|---|---|
| RANDY PHILHOURS | BOARD MEMBER Trustee or director | 0 | $0 |
| MARK MILLER | BOARD MEMBER Trustee or director | 0 | $0 |
| BLAINE NUNN | BOARD MEMBER Trustee or director | 0 | $0 |
| JUDGE RUSTY MCMILLON | BOARD MEMBER Trustee or director | 0 | $0 |
| BROCK ATWILL | BOARD MEMBER Trustee or director | 0 | $0 |
| JAKE BLAND | BOARD MEMBER Trustee or director | 0 | $0 |
| BRETT BRADFORD | BOARD MEMBER Trustee or director | 0 | $0 |
| DEBBIE SMITH | BOARD MEMBER Trustee or director | 0 | $0 |
| BRAD BLOEMER | BOARD MEMBER Trustee or director | 0 | $0 |
| ALLISON HESTAND | EXECUTIVE DIRECTOR Trustee or director, Officer | 0 | $0 |
| JOSH AGEE | SECRETARYTREASURER Trustee or director, Officer | 0 | $0 |
| LORA LAUBACH | CHAIRMAN Trustee or director, Officer | 0 | $0 |
| ROBERT THOMPSON III | PAST CHAIRMAN Trustee or director, Officer | 0 | $0 |
| MATTHEW MILLER | VICE CHAIR Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRETT BRADFORD | BOARD MEMBER Trustee or director | 0 | $0 |
| JAKE BLAND | BOARD MEMBER Trustee or director | 0 | $0 |
| JUDGE RUSTY MCMILLON | BOARD MEMBER Trustee or director | 0 | $0 |
| MATTHEW MILLER | BOARD MEMBER Trustee or director | 0 | $0 |
| BRAD BLOEMER | BOARD MEMBER Trustee or director | 0 | $0 |
| DEBBIE SMITH | BOARD MEMBER Trustee or director | 0 | $0 |
| BLAINE NUNN | BOARD MEMBER Trustee or director | 0 | $0 |
| MARK MILLER | BOARD MEMBER Trustee or director | 0 | $0 |
| RANDY PHILHOURS | BOARD MEMBER Trustee or director | 0 | $0 |
| JOSH AGEE | SECRETARYTREASURER Trustee or director, Officer | 0 | $0 |
| ALLISON HESTAND | EXECUTIVE DIRECTOR Trustee or director, Officer | 0 | $0 |
| LORA LAUBACH | VICE CHAIRMAN Trustee or director, Officer | 0 | $0 |
| ROBERT THOMPSON III | CHAIRMAN Trustee or director, Officer | 0 | $0 |
| BROCK ATWILL | PAST CHAIRMAN Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 124, PARAGOULD, AR 72451-0124
- In care of
- % ALLISON HESTAND
- Signed the 990
- ALLISON HESTAND, EXECUTIVE DIRECTOR
- Phone
- (870) 236-7684
- Return prepared by
- Scherer Grayham & Clark LLP
Mission
BUSINESS DEVELOPMENT
Program accomplishments
- BUSINESS RECRUITMENT AND SUPPORT FOR PARAGOULD AND GREENE COUNTYExpenses $1,316,860 · revenue $733,287
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
- 87-0696221
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $6,962,645
- Income (IRS master file)
- $772,825
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $772,825 | $1,316,860 | $6,962,645 | XML |
| 990 | December 2023 | $1,625,592 | $238,953 | $6,958,250 | XML |
| 990 | December 2022 | $934,944 | $596,098 | $5,623,194 | 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 87-0696221).
Questions about ECONOMIC DEVELOPEMENT CORPORATION OF PARAGOULD
- What is the EIN of ECONOMIC DEVELOPEMENT CORPORATION OF PARAGOULD?
- The employer identification number (EIN) of ECONOMIC DEVELOPEMENT CORPORATION OF PARAGOULD is 87-0696221.
- Is ECONOMIC DEVELOPEMENT CORPORATION OF PARAGOULD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2006.
- Are donations to ECONOMIC DEVELOPEMENT CORPORATION OF PARAGOULD tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ECONOMIC DEVELOPEMENT CORPORATION OF PARAGOULD 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 ECONOMIC DEVELOPEMENT CORPORATION OF PARAGOULD 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 ECONOMIC DEVELOPEMENT CORPORATION OF PARAGOULD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of ECONOMIC DEVELOPEMENT CORPORATION OF PARAGOULD?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does ECONOMIC DEVELOPEMENT CORPORATION OF PARAGOULD have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $772,825, expenses of $1,316,860 and total assets of $6,962,645 at year end.
Other nonprofits in PARAGOULD
- MAIN STREET PARAGOULD INC EIN 71-0810107 · last filed 990 for 2024
- PAY IT FORWARD PARAGOULD EIN 47-5609624 · last filed 990-N for 2025
- JUNIOR AUXILIARY OF PARAGOULD AR INC EIN 58-2160161 · last filed 990-N for 2025
- SOCIETY OF LONG TERM CARE COMMUNICATORS EIN 14-1816005 · last filed 990-N for 2025
- ARKANSAS METHODIST HOSPITAL CORPORATION EIN 71-0230218 · last filed 990 for 2025
- GREENE ACRES NURSING HOME ASSC INC EIN 71-0301484 · last filed 990 for 2025
- CHILDRENS HOME INC EIN 71-0356241 · last filed 990 for 2025
- CROWLEYS RIDGE COLLEGE EIN 71-0462177 · last filed 990 for 2025
All nonprofits in PARAGOULD · Arkansas · Community improvement and capacity building