Nonprofit · EIN 71-0855990
CROSSETT ECONOMIC DEVELOPMENT FOUNDATION
Tax-exempt · CROSSETT, AR 71635
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $734,474 | $780,828 | -$46,354 | $1,928,802 | $10,262 | $1,918,540 |
| December 31, 2024 | 990 | $669,941 | $652,016 | $17,925 | $1,975,439 | $10,548 | $1,964,891 |
| December 31, 2023 | 990 | $973,402 | $937,933 | $35,469 | $2,111,006 | $164,037 | $1,946,969 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $432,123
- Investment income
- $20,095
- Net rental income
- $9,950
- Other revenue
- $282,256
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $153,017
- Salaries, compensation and benefits (total)
- $168,555
- Professional fundraising fees
- $0
- Accounting fees
- $25,710
- Occupancy
- $20,040
- Travel
- $2,976
- Depreciation
- $43,844
- Program services (functional)
- $551,221
- Management and general (functional)
- $229,607
Balance sheet and other
- Total assets, start of year
- $1,975,439
- Total assets, end of year
- $1,928,802
- Total liabilities, end of year
- $10,262
- Net assets, end of year
- $1,918,540
- Land, buildings and equipment
- $1,122,813
- Net assets without donor restrictions
- $1,918,540
- Gross receipts
- $734,474
- Employees
- 2
- Year formed
- 2000
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOWARD BEATY | PRESIDENT Trustee or director | – | $0 |
| PHIL GILMORE | BOARD MEMBER Trustee or director | – | $0 |
| JAMES KNIGHT | BOARD MEMBER Trustee or director | – | $0 |
| CRYSTAL MARSHALL | BOARD MEMBER Trustee or director | – | $0 |
| TOYCE NEWTON | BORAD MEMBER Trustee or director | – | $0 |
| DAN PEVY | VICE PRESIDE Trustee or director | – | $0 |
| JUSTIN REED | BOARD MEMBER Trustee or director | – | $0 |
| LINDA RUSHING | SECRETARY/ T Trustee or director | – | $0 |
| MANDY VICERS | BOARD MEMBER Trustee or director | – | $0 |
| LORI WALSH | BOARD MEMBER Trustee or director | – | $0 |
| JAMES MICHAEL SMITH | EXECUTIVE DI Officer | – | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOWARD BEATY | PRESIDENT Trustee or director | – | $0 |
| PHIL GILMORE | BOARD MEMBER Trustee or director | – | $0 |
| JAMES KNIGHT | BOARD MEMBER Trustee or director | – | $0 |
| CRYSTAL MARSHALL | BOARD MEMBER Trustee or director | – | $0 |
| TOYCE NEWTON | BORAD MEMBER Trustee or director | – | $0 |
| DAN PEVY | VICE PRESIDE Trustee or director | – | $0 |
| JUSTIN REED | BOARD MEMBER Trustee or director | – | $0 |
| LINDA RUSHING | SECRETARY/ T Trustee or director | – | $0 |
| MANDY VICERS | BOARD MEMBER Trustee or director | – | $0 |
| LORI WALSH | BOARD MEMBER Trustee or director | – | $0 |
| JAMES MICHAEL SMITH | EXECUTIVE DI Officer | – | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOWARD BEATY | PRESIDENT Trustee or director | – | $0 |
| PHIL GILMORE | BOARD MEMBER Trustee or director | – | $0 |
| JAMES KNIGHT | BOARD MEMBER Trustee or director | – | $0 |
| CRYSTAL MARSHALL | BOARD MEMBER Trustee or director | – | $0 |
| TOYCE NEWTON | BORAD MEMBER Trustee or director | – | $0 |
| DAN PEVY | VICE PRESIDE Trustee or director | – | $0 |
| JUSTIN REED | BOARD MEMBER Trustee or director | – | $0 |
| LINDA RUSHING | SECRETARY/ T Trustee or director | – | $0 |
| MANDY VICERS | BOARD MEMBER Trustee or director | – | $0 |
| LORI WALSH | BOARD MEMBER Trustee or director | – | $0 |
| JAMES MICHAEL SMITH | EXECUTIVE DI Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1132, CROSSETT, AR 71635-1132
- In care of
- % J MICHAEL SMITH
- Principal officer (990 for 2025)
- JAMES MICHAEL SMITH, 125 MAIN STREET, CROSSETT, AR 71635
- Signed the 990
- JAMES MICHAEL SMITH, EXECUTIVE DIRECTOR
- Phone
- (870) 364-8745
- Website
- WWW.CITYOFCROSSETT.NET
- Return prepared by
- MAXWELL CPA
Mission
PROVIDE ECONOMIC DEVELOPMENT SERVICES TO THE CITY OF CROSSETT, ARKANSAS, AND TO GENERALLY PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF CROSSETT AND THE SURROUNDING AREA.
Program accomplishments
- PROVIDED ECONOMIC DEVELOPMENT SERVICES TO THE CITY OF CROSSETT, ARKANSAS, AND TO GENERALLY PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF CROSSETT ADN SURROUNDING AREA.Expenses $60,107 · revenue $432,123
- PROVIDED ECONOMIC DEVELOPMENT SERVICES TO THE CITY OF CROSSETT, ARKANSAS, AND TO GENERALLY PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF CROSSETT ADN SURROUNDING AREA.Expenses $491,114
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 | 990 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
- 71-0855990
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $1,928,802
- Income (IRS master file)
- $734,474
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $734,474 | $780,828 | $1,928,802 | XML |
| 990 | December 2024 | $669,941 | $652,016 | $1,975,439 | XML |
| 990 | December 2023 | $973,402 | $937,933 | $2,111,006 | XML |
| 990 | December 2022 | $605,801 | $538,095 | $2,370,204 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 71-0855990).
Questions about CROSSETT ECONOMIC DEVELOPMENT FOUNDATION
- What is the EIN of CROSSETT ECONOMIC DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of CROSSETT ECONOMIC DEVELOPMENT FOUNDATION is 71-0855990.
- Is CROSSETT ECONOMIC DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to CROSSETT ECONOMIC DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CROSSETT ECONOMIC DEVELOPMENT FOUNDATION 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 CROSSETT ECONOMIC DEVELOPMENT FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CROSSETT ECONOMIC DEVELOPMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CROSSETT ECONOMIC DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2025 names JAMES MICHAEL SMITH.
- Who are the officers and directors of CROSSETT ECONOMIC DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does CROSSETT ECONOMIC DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $734,474, expenses of $780,828 and total assets of $1,928,802 at year end.
Other nonprofits in CROSSETT
- CROSSETT ROTARY CLUB EIN 71-6057444 · last filed 990-N for 2025
- CROSSETT HEALTH FOUNDATION EIN 71-0236870 · last filed 990 for 2025
- PHOENIX YOUTH AND FAMILY SERVICES INC EIN 71-0778516 · last filed 990 for 2025
- ARKANSAS HIGH SCHOOL RODEO ASSOCIATION EIN 75-3071782 · last filed 990 for 2025
- CAROUSEL DAY SERVICE CENTER OF CROSSETT INC EIN 71-0354767 · last filed 990 for 2025
- ASHLEY COUNTY SKILLED WORK CENTER INC EIN 71-0468796 · last filed 990 for 2025
- BOYS & GIRLS CLUB OF ASHLEY COUNTY INC EIN 71-0776135 · last filed 990 for 2024
- WEST ASHLEY COUNTY WATER ASSOCIATION EIN 71-0804008 · last filed 990 for 2025
All nonprofits in CROSSETT · Arkansas · Community improvement and capacity building