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West Central Arkansas Economic Develop Serv Inc

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

EIN: 270452919 ✦ Hot springs, AR ✦ Designated as a 501(c)(3)

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Overview

What is West Central Arkansas Economic Develop Serv Inc?

West Central Arkansas Economic Develop Serv Inc is a nonprofit organization situated in Hot Springs, Arkansas. Its primary mission is to facilitate the acquisition, management, and lease of real and personal property for the sole purpose of supporting regional service organizations engaged in economic development initiatives. This nonprofit aims to contribute to the growth and prosperity of its community by providing resources and properties that further these objectives and purposes.

Is West Central Arkansas Economic Develop Serv Inc legitimate?

West Central Arkansas Economic Develop Serv Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Central Arkansas Economic Develop Serv Inc 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: $0

For more financial information, click here

What is the mission statement of West Central Arkansas Economic Develop Serv Inc?

West Central Arkansas Economic Develop Serv Inc's mission is centered around supporting regional service organizations involved in economic development efforts. Specifically, the organization manages, purchases, sells, rents, and leases real and personal property, all with the aim of furthering the objectives and purposes of these regional organizations. This endeavor is instrumental in driving economic development initiatives within the respective regions.

Who is the CEO of West Central Arkansas Economic Develop Serv Inc?

Gary Beckwith is the Secretary/Tr of West Central Arkansas Economic Develop Serv Inc.

What is the revenue of West Central Arkansas Economic Develop Serv Inc?

West Central Arkansas Economic Develop Serv Inc's revenue in 2022 was $66,721.

Who are the executives of West Central Arkansas Economic Develop Serv Inc and what are their salaries?


Here are 3 key members and their salaries:


Gary Beckwith (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Guthrie (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Sherwood (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for West Central Arkansas Economic Develop Serv Inc?

West Central Arkansas Economic Develop Serv Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of West Central Arkansas Economic Develop Serv Inc

West Central Arkansas Economic Develop Serv Inc is committed to owning, managing, purchasing, selling, renting, and leasing real and personal property. This is done with the sole purpose of supporting the objectives and goals of regional service organizations engaged in economic development efforts. By providing such resources, West Central Arkansas Economic Develop Serv Inc aims to contribute to the broader mission of fostering economic growth and development within its associated organizations. The organization's role is crucial in facilitating the necessary infrastructure needed for these organizations to thrive and effectively carry out their economic development initiatives.

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Impact




October, 2024

West Central Arkansas Economic Develop Serv Inc plays a crucial role in enhancing regional economic development by acquiring, managing, and facilitating the use of real and personal property. This organization's activities are aimed at strengthening the objectives of various regional service organizations that focus on economic development efforts. By providing essential infrastructure and resources, it supports community improvement initiatives, which can lead to job creation, increased investment, and a more vibrant local economy in Hot Springs and surrounding areas. The organization's commitment to advancing economic opportunities fosters a collaborative environment where businesses and community organizations can thrive, contributing to the overall prosperity of the region.




This information is meant to be a general summary of West Central Arkansas Economic Develop Serv Inc. 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
$66,721 (2022)
Expenses
$47,506 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $721
  • Program Service Revenue: $66,000
  • Gross Receipts: $66,721

Assets and Liabilities:

  • Total Assets: $590,504
  • Total Liabilities: $254,990
  • Net Assets: $335,514

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT FROM EXEMPT ORG.

Revenue

$66,000

Organization Details

Founding Year

2009

Principal Officer

Gary Beckwith

Main Address

PO BOX 6409, HOT SPRINGS, AR, 71902

NTEE Category

Code: S11 - Community improvement

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