El Dorado Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237413915 ✦ El dorado, AR ✦ Designated as a 501(c)(6)

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Overview

What is El Dorado Development Corporation?

El Dorado Development Corporation is a nonprofit organization based in El Dorado, Arkansas, with a postal address at P.O. Box 10836. Their primary mission is to foster economic growth and development in El Dorado and Union County, Arkansas, as part of their strategic economic plan, known as the El Dorado Works Initiative. They actively promote and facilitate economic advancements within the community to enhance its economic well-being.

Is El Dorado Development Corporation legitimate?

El Dorado Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. El Dorado Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,333

For more financial information, click here

What is the mission statement of El Dorado Development Corporation?

The El Dorado Development Corporation's mission is centered around promoting and facilitating economic development. Specifically, their focus is on enhancing the economic growth within El Dorado and Union County, Arkansas. To achieve this, they actively support the execution of the community's strategic economic development plan, known as the El Dorado Works Initiative. Essentially, their role is to drive economic advancement and stimulate business development within the specified region.

Who is the CEO of El Dorado Development Corporation?

Terry Norman is the Board Member/Chair of El Dorado Development Corporation.

What is the revenue of El Dorado Development Corporation?

El Dorado Development Corporation's revenue in 2022 was $101,113.

Who are the executives of El Dorado Development Corporation and what are their salaries?


Here are 14 key members and their salaries:


Terry Norman (Board Member/Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Lowery Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Skinner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Reynolds (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew J Shepherd (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Teague (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Hegi (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Fife (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Milam (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Floyd M Thomas Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Moore (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Robertson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Hale (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Luther (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for El Dorado Development Corporation?

El Dorado Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of El Dorado Development Corporation

El Dorado Development Corporation, a nonprofit organization, is committed to promoting and facilitating economic development in its respective community, which is not specified in the information provided. Their mission is centered around this objective, aiming to enhance the local economy in an effective manner. The corporation is actively involved in supporting the implementation of the strategic economic development plan for the community, known as the El Dorado Works Initiative. This initiative is a testament to their dedication towards improving the economic landscape, thereby contributing positively to the well-being of the community members.

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Impact




October, 2024

El Dorado Development Corporation plays a crucial role in the economic landscape of El Dorado and Union County, Arkansas, by promoting and facilitating comprehensive economic development initiatives. Through the ongoing support of the El Dorado Works Initiative, the organization is instrumental in implementing the strategic economic development plan designed to enhance the community's economic vitality.

By focusing on community improvement, the Corporation helps attract business investments, create job opportunities, and foster a more robust local economy. Its efforts not only support existing businesses but also cultivate a conducive environment for new enterprises, thereby contributing to the overall growth and prosperity of the region. The Corporation's commitment signifies an active approach to addressing economic challenges and ensuring a sustainable future for El Dorado and its surrounding areas.




This information is meant to be a general summary of El Dorado Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$101,113 (2022)
Expenses
$20,894 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $101,032
  • Gross Receipts: $101,113

Assets and Liabilities:

  • Total Assets: $888,629
  • Total Liabilities: $685
  • Net Assets: $887,944

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Organization Details

Founding Year

1956

Principal Officer

Terry Norman

Main Address

P O BOX 10836, EL DORADO, AR, 71730

NTEE Category

Code: S31 - Community improvement

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