Overview
What is Conway Development Corporation?
Conway Development Corporation, based in Conway, Arkansas, serves as a proactive entity for the city and Faulkner County. With a team of two dedicated individuals, their primary mission is to stimulate industrial growth in the area by fostering economic development. They manage their land portfolio and assets with a community-focused approach, aiming to unlock future economic opportunities. The organization represents both itself and the community in various settings, actively contributing to the economic advancement of Conway's residents.
Is Conway Development Corporation legitimate?
Conway Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Conway 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.
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Executive Compensation: $309,806
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Conway Development Corporation?
The Conway Development Corporation's mission is centered around enhancing industry opportunities through economic development. They proactively respond to site selection and expansion requests, working towards the betterment of their community and future economic growth. The organization manages its land portfolio and assets, ensuring they contribute positively to the community's development. The staff of Conway Development Corporation represents the organization and community in various settings, facilitating economic growth benefiting the residents of the Conway area.
Who is the CEO of Conway Development Corporation?
Brad Lacy is the Chairman of Conway Development Corporation.
What is the revenue of Conway Development Corporation?
Conway Development Corporation's revenue in 2022 was $1,694,578.
Who are the executives of Conway Development Corporation and what are their salaries?
The average compensation at Conway Development Corporation during 2022 was $154,903. There are 2 employees at Conway Development Corporation.
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Where can I find the form 990 for Conway Development Corporation?
Conway Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Conway Development Corporation
Conway Development Corporation, as an economic development organization, is dedicated to enhancing industry opportunities within its community. Its mission is to proactively respond to site selection and expansion requests, thereby fostering growth for the benefit of the local population. The corporation manages its land portfolio and assets in a manner that not only serves current needs but also sets the stage for future economic development opportunities. By representing the organization and community in various settings, Conway Development Corporation plays a pivotal role in facilitating economic growth for residents of the Conway area.
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Impact
October, 2024
Conway Development Corporation actively enhances industry opportunities in Conway, Arkansas, by focusing on economic development tailored to the unique needs of the community. By responding to site selection and expansion requests on a monthly basis, the organization plays a critical role in attracting new businesses and facilitating growth.
The CDC effectively manages its land portfolio and assets, ensuring they are leveraged for the benefit of the community and to create future economic development opportunities. Through representation in various settings, the CDC facilitates connections among stakeholders that can lead to economic growth, enhancing job creation and overall community improvement for residents in Conway and Faulkner County.
This information is meant to be a general summary of Conway 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $129,622
- Program Service Revenue: $1,263,974
- Gross Receipts: $3,573,946
Assets and Liabilities:
- Total Assets: $34,094,467
- Total Liabilities: $18,546,209
- Net Assets: $15,548,258
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GAINWELL PROJECT REVENUE
Revenue
$840,904
CHAMBER AGREEMENT
Revenue
$250,000
ECONOMIC DEVELOPMENT MGMT SVC
Revenue
$100,000
MANAGEMENT FEE
Revenue
$64,500
MISCELLANEOUS INCOME
Revenue
$8,570
Organization Details
Founding Year
1969
Phone
(501) 329-7788Principal Officer
Brad Lacy
Main Address
900 OAK STREET, CONWAY, AR, 72032
NTEE Category
Code: S31 - Community improvement
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