Overview
What is East Arkansas Business Development Council Inc?
The East Arkansas Business Development Council Inc, based in Jonesboro, Arkansas, is a nonprofit organization dedicated to fostering business growth in the eastern Arkansas region. Their mission encompasses various activities designed to support and promote the development of businesses, as well as offering educational opportunities to the local workforce. The organization collaborates with governmental and civic bodies to combat community deterioration, securing adequate facilities, services, and conditions for the community's economic and overall development. The Council currently employs a team of four individuals, working diligently towards these objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
East Arkansas Business Development Council Inc has received an 85% rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization demonstrates a commitment to financial transparency and effective governance, with 88% of its board members being independent and a comprehensive audit and oversight committee in place.
The council excels in its program expense ratio, allocating 88.58% of its funds directly to programs, which indicates a strong focus on its mission. Additionally, it has a solid working capital ratio of 6.19 years, suggesting it possesses sufficient resources to sustain its operations and initiatives over the long term.
While the financial metrics are impressive, the one-dimensional nature of the rating based solely on accountability and finance means that other potential areas of performance are not assessed. Thus, stakeholders may want to consider other factors, such as program impact and community feedback, to gain a comprehensive view of the organization's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is East Arkansas Business Development Council Inc legitimate?
East Arkansas Business Development Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Arkansas Business Development Council 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: $295,388
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What is the mission statement of East Arkansas Business Development Council Inc?
The East Arkansas Business Development Council Inc's mission is centered around assisting in the growth of businesses within the eastern Arkansas region. They engage in activities aimed at fostering business development, provide educational opportunities for the workforce, and collaborate with governmental and civic bodies to improve community facilities, services, and conditions. The Council's objectives are to combat community deterioration and secure adequate facilities and services for economic and other growth in the area.
Who is the CEO of East Arkansas Business Development Council Inc?
Chris Barber is the Chairman of East Arkansas Business Development Council Inc.
What is the revenue of East Arkansas Business Development Council Inc?
East Arkansas Business Development Council Inc's revenue in 2022 was $2,491,023.
Who are the executives of East Arkansas Business Development Council Inc and what are their salaries?
The average compensation at East Arkansas Business Development Council Inc during 2022 was $73,847. There are 4 employees and 60 volunteers at East Arkansas Business Development Council Inc.
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Where can I find the form 990 for East Arkansas Business Development Council Inc?
East Arkansas Business Development Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of East Arkansas Business Development Council Inc
The East Arkansas Business Development Council Inc, as outlined in its mission description, is committed to aiding in the growth and development of businesses within the Eastern Arkansas area. This nonprofit organization seeks to accomplish this goal by engaging in activities specifically designed to support local businesses. Furthermore, the Council also strives to provide and promote educational opportunities for the workforce in the Eastern Arkansas area. Lastly, the Council aims to assist in the development and improvement of various communities within the Eastern Arkansas region, working in cooperation and coordination with governmental and civic bodies to combat community deterioration and ensure adequate community facilities, services, and conditions, both economically and otherwise.
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Impact
July, 2024
East Arkansas Business Development Council Inc plays a crucial role in promoting economic development and business growth in the Eastern Arkansas area. Through its Jonesboro Unlimited division, the organization actively engages in activities aimed at assisting businesses in the region. It also provides educational opportunities to the local workforce, contributing to the overall development of the community. By fostering the improvement and development of Jonesboro, Arkansas, and surrounding areas, the organization collaborates with governmental and civic bodies to combat community deterioration and enhance community facilities and conditions. In essence, East Arkansas Business Development Council Inc's impact is evident in its dedication to supporting economic growth and community improvement in Eastern Arkansas.
This information is meant to be a general summary of East Arkansas Business Development Council 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9,137
- Gross Receipts: $2,500,684
Assets and Liabilities:
- Total Assets: $4,552,650
- Total Liabilities: $46,935
- Net Assets: $4,505,715
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Organization Details
Founding Year
1987
Phone
(870) 935-2871Principal Officer
Chris Barber
Main Address
PO BOX 789, JONESBORO, AR, 72403
NTEE Category
Code: S40 - Community improvement
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