Nonprofit · EIN 20-1864947
ROGERS-LOWELL ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · ROGERS, AR 72756
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,170,578 | $1,170,578 | $0 | $4,788 | $2,260 | $2,528 |
| December 31, 2023 | 990 | $918,765 | $918,570 | $195 | $12,009 | $9,481 | $2,528 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,019
- Membership dues
- $7,019
- Program service revenue
- $1,163,559
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $990
- Travel
- $87,071
Balance sheet and other
- Total assets, start of year
- $12,009
- Total assets, end of year
- $4,788
- Total liabilities, end of year
- $2,260
- Net assets, end of year
- $2,528
- Net assets without donor restrictions
- $2,528
- Gross receipts
- $1,170,578
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1995
- State of legal domicile
- AR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE WATTS | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 |
| PAT HARRIS | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| RAYMOND BURNS | SECRETARY Trustee or director, Officer | 1 | $0 |
| BRAD CRAIN | MEMBER Trustee or director | 1 | $0 |
| DICK TRAMMEL | MEMBER Trustee or director | 1 | $0 |
| NATHAN GAIRHAN | TREASURER Trustee or director, Officer | 1 | $0 |
| MATT CRAFTON | MEMBER Trustee or director | 1 | $0 |
| BILL WATKINS | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE WATTS | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 |
| PAT HARRIS | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| RAYMOND BURNS | SECRETARY Trustee or director, Officer | 1 | $0 |
| BRAD CRAIN | MEMBER Trustee or director | 1 | $0 |
| DICK TRAMMEL | MEMBER Trustee or director | 1 | $0 |
| NATHAN GAIRHAN | TREASURER Trustee or director, Officer | 1 | $0 |
| MATT CRAFTON | MEMBER Trustee or director | 1 | $0 |
| BILL WATKINS | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 317 W WALNUT ST, ROGERS, AR 72756-4566
- In care of
- % ROGERS-LOWELL CHAMBER OF COM
- Principal officer (990 for 2024)
- MIKE WATTS, 317 WEST WALNUT, ROGERS, AR 72756
- Signed the 990
- RAYMOND BURNS, SECRETARY
- Phone
- (479) 636-1240
- Website
- ROGERSLOWELL.COM
- Return prepared by
- LANDMARK PLC CPAS
Mission
THIS CORPORATION IS ORGANIZED AND SHALL BE OPERATED PURSUANT TO IRS 501(C)(6) FOR PUBLIC BENEFIT EXCLUSIVELY FOR THE ECONOMIC BENEFIT OF THE COMMON ECONOMIC INTEREST OF ALL ENTERPRISES IN THE CITIES OF ROGERS AND LOWELL, ARKANSAS.
Program accomplishments
- THE ROGERS-LOWELL ECONOMIC DEVELOPMENT PROVIDES ECONOMIC DEVELOPMENT SERVICES TO THE CITY OF ROGERS, A CITY OF 75,264 AND LOWELL, A CITY OF 12,494, WHICH INCLUDED CONSULTING WITH OVER 1,003 PROSPECTIVE BUSINESSES RESULTING IN THE CREATION OF JOBS IN BOTH COMMUNITIES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1864947
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $4,788
- Income (IRS master file)
- $1,170,578
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,170,578 | $1,170,578 | $4,788 | XML |
| 990 | December 2023 | $918,765 | $918,570 | $12,009 | XML |
| 990 | December 2022 | $840,746 | $840,746 | $5,179 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1864947).
Questions about ROGERS-LOWELL ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of ROGERS-LOWELL ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of ROGERS-LOWELL ECONOMIC DEVELOPMENT CORPORATION is 20-1864947.
- Is ROGERS-LOWELL ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2005.
- Are donations to ROGERS-LOWELL ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ROGERS-LOWELL ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ROGERS-LOWELL ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ROGERS-LOWELL ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ROGERS-LOWELL ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names MIKE WATTS.
- Who are the officers and directors of ROGERS-LOWELL ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does ROGERS-LOWELL ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,170,578, expenses of $1,170,578 and total assets of $4,788 at year end.
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