Cross County Economic Development Corporation in Wynne, Arkansas (AR)

Cross County Economic Development Corporation
Employer Identification Number (EIN)	716057612
Name of Organization	Cross County Economic Development Corporation
In Care of Name	Cros
Address	PO BOX 234, Wynne, AR 72396-0234
Activities	Attracting new industry or retaining industry in an area
Subsection	Business League, Chamber of Commerce
Ruling Date	12/1963
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$1,000,000 to $4,999,999
Income	$100,000 to $499,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$2,137,428
Amount of Income	$172,877
Form 990 Revenue Amount	$-32,418
National Taxonomy of Exempt Entities (NTEE)	Community Improvement, Capacity Building: Economic Development

Non-representatives - add comments:

Amount of income in 2013: $172,877

This organization:	$172,877
Other organizations performing similar types of work:	$623,666

Assets in 2013: $2,137,428

This organization:	$2,137,428
Other organizations performing similar types of work:	$2,159,711

Expenses in 2012: $145,909

This organization:	$145,909
Other organizations performing similar types of work:	$483,294

Income to expenses ratio in 2012: 1.2

Cross County Economic Development Corporation:	1.2
Other organizations performing similar types of work:	1.1

Expenses allocated to program services in 2002: 0.0%

Cross County Economic Development Corporation:	0.0%
Other organizations performing similar types of work:	25.8%

Number of employees in 2012: 2

This organization:	2
Other organizations performing similar types of work:	4

Grants share in income in 2012: -0.0%

This organization:	-0.0%
Other organizations performing similar types of work:	28.9%

Financial snapshot ($)

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?	No
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
Gross income from members or shareholders	$0
Gross income from other sources	$0

Statement of Revenue (for 2012)
Total revenue	$-18,721
Contributions, Gifts, Grants and Other Similar Amounts	$0
Program Service Revenue	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$1,332
Income from investment of tax-exempt bond proceeds	$0
Royalties	$0
Net rental loss	$-20,053
Gross rents (Real / Personal)	$165,900 / $0
Less: rental expenses (Real / Personal)	$185,953 / $0
Rental income or (loss) (Real / Personal)	$-20,053 / $0
Net gain from sales of assets other than inventory	$0
Net income from fundraising events	$0
Net income from gaming activities	$0
Net income from sales of inventory	$0
Miscellaneous Revenue	$0

Statement of Functional Expenses (for 2012)
Total functional expenses	$145,909
Compensation of current officers, directors, trustees, and key employees	$0
Other salaries and wages	$37,565
Payroll taxes	$3,362
Professional fundraising services	$0
Other	$104,982

Balance Sheet (for 2012)
Total assets	$2,335,640
Total liabilities	$959,226
Tax-exempt bond liabilities	$0
Secured mortgages and notes payable to unrelated third parties	$957,182
Unsecured notes and loans payable to unrelated third parties	$0
Other	$2,044
Total net assets or fund balances	$1,376,414
Retained earnings, endowment, accumulated income, or other funds	$0

Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:	Not provided

	2002
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$983,086
Contributions, gifts, grants, and similar amounts received	$0
Contributions to donor advised funds
Direct public support	$0
Indirect public support	$0
Government contributions (grants)	$0
Program service revenue including government fees and contracts	$971,915
Membership dues and assessments	$0
Interest on savings and temporary cash investments	$0
Dividends and interest from securities	$0
Net rental income or (loss)	$0
Gross rents	$0
Less: rental expenses	$0
Other investment income	$6,776
Gain or (loss) from sales of assets other than inventory	$0
Gross amount from sales of assets other than inventory	$0
Less: cost or other basis and sales expenses	$0
Net income or (loss) from special events and activities	$0
Gross revenue	$0
Less: direct expenses other than fundraising expenses	$0
Gross profit or (loss) from sales of inventory	$0
Gross sales of inventory, less returns and allowances	$0
Less: cost of goods sold	$0
Other revenue	$4,395
Total expenses	$310,977
Program services	$0
Management and general	$0
Fundraising	$0
Payments to affiliates	$0
Net assets or fund balances at end of year	$1,397,474
Excess or (deficit) for the year	$672,109
Net assets or fund balances at beginning of year	$725,365
Other changes in net assets or fund balances	$0

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2002)
Total functional expenses	$310,977	$0	$0	$0
Grants paid from donor advised funds
Other grants and allocations		$0
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above	$110,419	$0	$0	$0
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$9,149	$0	$0	$0
Payroll taxes	$8,832	$0	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$0	$0	$0	$0
Legal fees	$3,035	$0	$0	$0
Supplies	$7,983	$0	$0	$0
Telephone	$496	$0	$0	$0
Postage and shipping	$1,454	$0	$0	$0
Occupancy	$10,314	$0	$0	$0
Equipment rental and maintenance	$5,165	$0	$0	$0
Printing and publications	$12,760	$0	$0	$0
Travel	$10,634	$0	$0	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$16,949	$0	$0	$0
Depreciation, depletion, etc.	$5,686	$0	$0	$0
Other expenses not covered above	$108,101	$0	$0	$0

	2002
Balance Sheets
Total assets	$1,762,642
Cash - non-interest-bearing	$206,361
Savings and temporary cash investments	$443,219
Accounts receivable less allowance for doubtful accounts	$0
Pledges receivable less allowance for doubtful accounts	$0
Grants receivable	$0
Receivables from current and former officers, directors, trustees, and key employees	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts	$0
Inventories for sale or use	$0
Prepaid expenses and deferred charges	$0
Investments - publicly-traded securities
Investments - other securities	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0
Investments - other	$0
Land, buildings, and equipment less accumulated depreciation	$1,113,062
Other assets, including program-related investments	$0
Total liabilities	$365,168
Accounts payable and accrued expenses	$3,867
Grants payable	$0
Deferred revenue	$0
Loans from officers, directors, trustees, and key employees	$0
Tax-exempt bond liabilities	$0
Mortgages and other notes payable	$361,301
Other liabilities	$0
Total liabilities and net assets/fund balances	$1,762,642
Total net assets or fund balances	$1,397,474

	2002
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$0
Total revenue, gains, and other support per audited financial statements	$0
Other expenses	$0
Net unrealized gains on investments	$0
Donated services and use of facilities	$0
Recoveries of prior year grants	$0
Other	$0
Other revenue	$0
Investment expenses	$0
Other	$0

	2002
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$0
Total expenses and losses per audited financial statements	$0
Other revenue	$0
Donated services and use of facilities	$0
Prior year adjustments	$0
Losses	$0
Other	$0
Other expenses	$0
Investment expenses	$0
Other	$0

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?	No
Did the organization make only in-house lobbying expenditures of $2,000 or less?	No
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?	No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?	No
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006	0

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2002)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$0	$983,086
Program service revenue
Program service revenue 1	000000	$0	00	$0	$971,915
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	00	$0	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$6,776
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$4,395

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is

	2001
Support Schedule
Total	$0
Gifts, grants, and contributions received	$0
Membership fees received	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0
Net income from unrelated business activities not included above	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0
Other income	$0

Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Mississippi County Arkansas Economic Opportunity Commission In	PO BOX 1289, Blytheville, AR 72316-1289	AR	1978-09	$13,790,455
2	Spirit Of 76 Inc	PO BOX 1876, Junction City, KS 66441-6876	KS	1976-07	$1,102,440
3	Conway County Economic Development Corporation, Ccidc	PO BOX 589, Morrilton, AR 72110-0589	AR	1974-02	$233,484
4	Hempstead County Economic Development Corporation	PO BOX 971, Hope, AR 71802-0971	AR	1987-03	$184,201
5	Cross County Economic Development Corporation	PO BOX 234, Wynne, AR 72396-0234	AR	1963-12	$172,877
6	Industrial Development Corp Of Helena-W Helena	PO BOX 490, Helena, AR 72342-0490	AR	1957-10	$32,315
7	Wisconsin Business Development Finance Corporation	100 River Pl1 Board Walkll, Monona, WI 53716	WI	1982-07	$6,747,667
8	Tri-County Council For Southern Maryland	PO BOX 745, Hughesville, MD 20637-0745	MD	1983-05	$6,090,097
9	City Urban Revitalization Corporation	68-700 Avenida Lalo Guerrero, Cathedral City, CA 92234-1208	CA	2002-06	$6,002,442
10	Iron County Action Plan Committee	PO BOX 108, Ironton, MO 63650	MO	2000-02	$5,517,378
11	Central Arkansas Planning And Development District Inc	PO BOX 300, Lonoke, AR 72086-0300	AR	1997-03	$4,855,876
12	West Central Arkansas Planning & Development District Inc	PO BOX 6409, Hot Springs, AR 71902-6409	AR	1996-03	$4,534,357
13	Southwest Arkansas Planning &	101 Harvey Couch Blvd, Magnolia, AR 71754	AR	1978-02	$3,421,370
14	Washington County Economic Development Partnership, Washington County Economic Development Inc	20 E Beau Street, Washington, PA 15301	PA	2006-12	$2,476,170
15	The Resource Inc	PO BOX 36, North Eastham, MA 02651-0036	MA	1994-05	$2,025,775
16	La Cocina Inc	2948 Folsom St, San Francisco, CA 94110-4028	CA	2007-08	$1,958,553
17	Southwest Louisiana Alliance Foundation Inc	PO BOX 3110, Lake Charles, LA 70602-3110	LA	1985-06	$1,472,148
18	Special Improvement District Borough Of Redbank Inc	46 English Plz Ste 6, Red Bank, NJ 07701-1687	NJ	1993-02	$1,175,381
19	Tyler Economic Development Council	315 N Broadway Ave Ste 300, Tyler, TX 75702-5757	TX	1989-11	$1,088,052
20	Wilmington Renaissance Corporation	100 W 10th St Ste 206, Wilmington, DE 19801-1632	DE	1994-05	$839,598

Number of organizations performing similar types of work

Alaska	7
Alabama	4
Arkansas	8
Arizona	5
California	16
Colorado	7
Connecticut	3
District of Columbia	3
Delaware	3
Florida	7
Georgia	2
Iowa	13
Idaho	2
Illinois	10
Indiana	11
Kansas	5
Kentucky	8
Louisiana	11
Massachusetts	4
Maryland	9
Maine	3
Michigan	11
Minnesota	5
Missouri	5

Mississippi	5
Montana	3
North Carolina	13
North Dakota	2
Nebraska	3
New Hampshire	3
New Jersey	8
New Mexico	2
New York	18
Ohio	10
Oklahoma	2
Oregon	1
Pennsylvania	39
South Carolina	5
South Dakota	4
Tennessee	3
Texas	25
Utah	3
Virginia	8
Vermont	5
Washington	6
Wisconsin	12
West Virginia	6
International	1

Total

349

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