Overview
What is Ark-Tex Regional Development Company?
Ark-Tex Regional Development Company is a nonprofit organization situated in Texarkana, Texas. Its primary goal is to advance the economic development and social welfare of its member counties. To achieve this, the organization actively promotes and assists the growth and development of businesses, including small enterprises, within the region. This is accomplished through the provision of Small Business Administration (SBA) 504 loans. The organization's mission is to benefit the community by fostering increased employment opportunities and expanding business and industry for the citizens of the area.
Is Ark-Tex Regional Development Company legitimate?
Ark-Tex Regional Development Company is a legitimate nonprofit organization registered as a 501(c)(6) entity. Ark-Tex Regional Development Company 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: $26,957
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What is the mission statement of Ark-Tex Regional Development Company?
The Ark-Tex Regional Development Company is established with the primary goal of promoting economic development and enhancing social welfare in its member counties. It achieves this by fostering the growth and development of businesses, including small businesses, within the region. The corporation's main objectives are to benefit the community by creating more employment opportunities and expanding business and industry for its citizens. By doing so, the company aims to contribute to the overall development and prosperity of the region.
Who is the CEO of Ark-Tex Regional Development Company?
Chris Brown is the President of Ark-Tex Regional Development Company. The CEO's salary of Ark-Tex Regional Development Company is $0 and their total compensation is $138,406.
What is the revenue of Ark-Tex Regional Development Company?
Ark-Tex Regional Development Company's revenue in 2022 was $124,320.
Who are the executives of Ark-Tex Regional Development Company and what are their salaries?
Here are 9 key members and their salaries (Ark-Tex Regional Development Company's CEO's salary is $0 and their total compensation is $138,406):
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- Related: $123,505
- Other: $14,901
- Compensation: $0
- Related: $70,990
- Other: $12,677
Where can I find the form 990 for Ark-Tex Regional Development Company?
Ark-Tex Regional Development Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ark-Tex Regional Development Company
Ark-Tex Regional Development Company is an organization that is committed to enhancing the economic development and social welfare of its surrounding communities. Its primary objective is to promote and assist in the growth and development of businesses, including small businesses, in the region. The corporation aims to benefit the community by fostering increased employment opportunities and expanding business and industry for the local citizens. In essence, Ark-Tex Regional Development Company serves as a catalyst for economic growth and development, striving to create a thriving business environment for the citizens it serves.
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Impact
October, 2024
Ark-Tex Regional Development Company plays a vital role in enhancing the economic landscape and social welfare of its member counties in Texas. By promoting and assisting the growth of businesses, particularly small enterprises, the organization focuses on fostering increased employment opportunities and expanding local industries. This commitment is evidenced through the provision of SBA 504 loans, which serve as a crucial financial lifeline for businesses looking to grow and succeed.
The impact of Ark-Tex extends beyond mere financial assistance; it also builds a supportive community environment that encourages entrepreneurship and innovation. By facilitating business development, the organization contributes to job creation and enhances the overall quality of life for residents in the region. Its emphasis on economic development ensures that local economies thrive, ultimately benefiting all citizens and improving the community as a whole.
This information is meant to be a general summary of Ark-Tex Regional Development Company. 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: $4,060
- Program Service Revenue: $120,260
- Gross Receipts: $124,320
Assets and Liabilities:
- Total Assets: $99,586
- Total Liabilities: $5,624
- Net Assets: $93,962
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHARGES FOR SERVICES
Revenue
$120,260
Organization Details
Founding Year
1982
Phone
(903) 832-8636Principal Officer
Chris Brown
Main Address
P O BOX 5307, TEXARKANA, TX, 75503
NTEE Category
Code: S43 - Community improvement
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