SOUTHEAST ARKANSAS ECONOMIC DEVELOPMENT DISTRICT INC

EIN: 710397601 501(c)(3) Community Improvement

PINE BLUFF, AR

Total Revenue
$6,406,237
Total Expenses
$5,689,690
Total Assets
$8,133,592
Net Assets
$6,805,462
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
AR
Principal Officer
PATRECIA HARGROVE
Phone
8705361971
Tax Period
2022-07-01 to 2023-06-30

SOUTHEAST ARKANSAS ECONOMIC DEVELOPMENT DISTRICT INC, founded in 1967, is a community nonprofit in the Community Improvement sector that reported $6.4M in total revenue in fiscal year 2022. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $5.7M left a modest 11% surplus.

Mission

TO ADMINISTER VARIOUS FEDERAL PROGRAMS, PRIMARILY UNDER THE JOB TRAINING PARTNERSHIP ACT, FOR THE PURPOSE OF ASSISTING THE EMPLOYMENT AND DEVELOPMENT OF ECONOMICALLY DISADVANTAGED INDIVIDUALS AND BUSINESSES. THE ORGANIZATION ALSO ASSISTS IN ECONOMIC DEVELOPMENT ACTIVITIES UNDER THE ECONOMIC DEVELOPMENT ADMINISTRATION.

Program Service Accomplishments

Program 1
Expenses: $4,747,958 Revenue: $0

THE WORKFORCE INNOVATION AND OPPORTUNITIES ACT PROGRAM MONIES ARE FEDERAL FUNDS ALLOCATED TO SEAEDD, BY FORMULA, FOR THE PURPOSE OF PROVIDING TRAINING THAT MEETS THE NEEEDS OF BOTH JOB SEEKERS AND...

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THE WORKFORCE INNOVATION AND OPPORTUNITIES ACT PROGRAM MONIES ARE FEDERAL FUNDS ALLOCATED TO SEAEDD, BY FORMULA, FOR THE PURPOSE OF PROVIDING TRAINING THAT MEETS THE NEEEDS OF BOTH JOB SEEKERS AND EMPLOYERS THROUGHOUT SOUTHEAST ARKANSAS.

Program 2
Expenses: $390,338 Revenue: $363,475

THE GENERAL IMPROVEMENT FUND PROGRAM WERE FUNDS APPROPRIATED TO SEAEDD FOR THE PURPOSE OF MAKING GRANTS THROUGHOUT SOUTHEAST ARKANSAS WHICH SUPPORT COMMUNITY OR ECONOMIC DEVELOPMENT.

Program 3
Expenses: $57,022 Revenue: $0

SEAEDD ADMINISTERS GRANTS FOR ECONOMIC AND COMMUNITY DEVELOPMENT AND PROVIDES PLANNING SERVICES FOR THE COMMUNITIES IN SOUTHEAST ARKANSAS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $6,041,168
Program Service Revenue $363,475
Investment Income $0
Other Revenue $1,594
TOTAL REVENUE $6,406,237

Expense Breakdown

Grants Paid $0
Salaries & Benefits $939,812
Fundraising Expenses $0
Program Expenses $5,195,318
Other Expenses $4,749,878
TOTAL EXPENSES $5,689,690

Year-over-Year Comparison

2022 2021 Change
Revenue $6,406,237 $8,494,217 -0.2%
Expenses $5,689,690 $7,389,590 -0.2%
Net Income $716,547 $1,104,627 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
49
Independent Members
49
Employees
120
Volunteers
49

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$106,482
Total Directors
50
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRECIA HARGROVE EXECUTIVE DIRECTOR 36.0
Officer
$106,482 $0 $106,482
MACK BALL PRESIDENT 1.0
Officer Director
$0 $0 $0
ROBERT AKIN 1ST VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
SHIRLEY WASHINGTON 2ND VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
RANDY PRUITT DIRECTOR 1.0
Director
$0 $0 $0
EDDIE BEST DIRECTOR 1.0
Director
$0 $0 $0
BILL PAXTON DIRECTOR 1.0
Director
$0 $0 $0
JIM HUDSON DIRECTOR 1.0
Director
$0 $0 $0
CAROLYN HARRIS DIRECTOR 1.0
Director
$0 $0 $0
KLAY MCKINNEY VICE SECRETARY 1.0
Officer Director
$0 $0 $0
GARY MORGAN DIRECTOR 1.0
Director
$0 $0 $0
MACK BALL JR DIRECTOR 1.0
Director
$0 $0 $0
SAM E ANGEL II DIRECTOR 1.0
Director
$0 $0 $0
JEFF OWYOUNG TREASURER 1.0
Officer Director
$0 $0 $0
NITA MCDANIEL DIRECTOR 1.0
Director
$0 $0 $0
CHARLES SEARCY DIRECTOR 1.0
Director
$0 $0 $0
JEFF WESTBROOK DIRECTOR 1.0
Director
$0 $0 $0
NOEL FOSTER DIRECTOR 1.0
Director
$0 $0 $0
MITCH ROSE DIRECTOR 1.0
Director
$0 $0 $0
JOY BLANKENSHIP DIRECTOR 1.0
Director
$0 $0 $0
PAUL CARTER SECRETARY 1.0
Officer Director
$0 $0 $0
MITCH GRANT DIRECTOR 1.0
Director
$0 $0 $0
JAMES BLACK DIRECTOR 1.0
Director
$0 $0 $0
TEDDY HOLT DIRECTOR 1.0
Director
$0 $0 $0
CRYSTAL MARSHALL DIRECTOR 1.0
Director
$0 $0 $0
KEETON HUDSON DIRECTOR 1.0
Director
$0 $0 $0
TOMEKA BUTLER DIRECTOR 1.0
Director
$0 $0 $0
LAURA HERRINGTON DIRECTOR 1.0
Director
$0 $0 $0
RICHARD TINDALL DIRECTOR 1.0
Director
$0 $0 $0
TONI PERRY DIRECTOR 1.0
Director
$0 $0 $0
WILLIAM DAVIS DIRECTOR 1.0
Director
$0 $0 $0
GERALD ROBINSON DIRECTOR 1.0
Director
$0 $0 $0
BUDDY EARNEST DIRECTOR 1.0
Director
$0 $0 $0
NORMA STRABALA DIRECTOR 1.0
Director
$0 $0 $0
DAVID STREETER DIRECTOR 1.0
Director
$0 $0 $0
GREGG REEP DIRECTOR 1.0
Director
$0 $0 $0
TOM MOSLEY DIRECTOR 1.0
Director
$0 $0 $0
EDDIE BUSH DIRECTOR 1.0
Director
$0 $0 $0
WALTER JORDAN JR DIRECTOR 1.0
Director
$0 $0 $0
JOANNE BUSH DIRECTOR 1.0
Director
$0 $0 $0
JIMMY CUMMINGS DIRECTOR 1.0
Director
$0 $0 $0
CHARLES ROBERTS DIRECTOR 1.0
Director
$0 $0 $0
ROGER MCCLELLAN DIRECTOR 1.0
Director
$0 $0 $0
STEPHEN MCCLELLAN DIRECTOR 1.0
Director
$0 $0 $0
PRICE BONEY DIRECTOR 1.0
Director
$0 $0 $0
CAROLYNE BLISSITT DIRECTOR 1.0
Director
$0 $0 $0
JESSIE GRIFFIN DIRECTOR 1.0
Director
$0 $0 $0
JASON AKERS DIRECTOR 1.0
Director
$0 $0 $0
CAIN NATTIN DIRECTOR 1.0
Director
$0 $0 $0
REID ROBERTSON DIRECTOR 1.0
Director
$0 $0 $0
CARL REDUS JR DIRECTOR 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $6,406,237 $5,689,690 $8,133,592 $716,547
2022 $8,494,217 $7,389,590 $6,895,240 $1,104,627
2021 $3,105,093 $3,179,693 $5,360,622 $-74,600
2020 $2,268,067 $2,382,972 $5,304,415 $-114,905
2019 $2,448,204 $2,456,913 $5,741,936 $-8,709
2018 $2,522,251 $2,605,226 $5,875,016 $-82,975
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