ARKANSAS LAND & FARM DEVELOPMENT CORPORATION

EIN: 710542195 501(c)(3) Food, Agriculture & Nutrition

BRINKLEY, AR

Total Revenue
$382,780
Total Expenses
$398,868
Total Assets
$1,658,494
Net Assets
$-786,876
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
AR
Principal Officer
BRIAN CORNELIUS
Phone
8707341140
Tax Period
2023-10-01 to 2024-09-30

ARKANSAS LAND & FARM DEVELOPMENT CORPORATION, founded in 1987, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $272K in total revenue in fiscal year 2017. Expenses of $369K exceeded revenue, resulting in a 36% operating deficit.

Mission

THE ORGANIZATION PROVIDES TRAINING AND SERVICE ASSISTANCE TO FARM DEVELOPMENT, COMMUNITY EDUCATION PROGRAMS, LAND RETENTION, PROGRAM MANAGEMENT, HOUSING, RURAL AND COMMUNITY DEVELOPMENT

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,000
Program Service Revenue $288,720
Investment Income $0
Other Revenue $88,060
TOTAL REVENUE $382,780

Expense Breakdown

Grants Paid $0
Salaries & Benefits $84,003
Fundraising Expenses $0
Program Expenses $398,817
Other Expenses $314,865
TOTAL EXPENSES $398,868

Year-over-Year Comparison

2023 2022 Change
Revenue $382,780 $426,187 -0.1%
Expenses $398,868 $477,741 -0.2%
Net Income $-16,088 $-51,554 -0.7%
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
14
Independent Members
14
Employees
10
Volunteers
N/A

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
1
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EVETTE BROWNING SECRETARY N/A
Director
$0 $0 $0
MARY BONE DIRECTOR N/A
Director
$0 $0 $0
ODELL CARR DIRECTOR N/A
Director
$0 $0 $0
BRIAN CORNELIUS CHAIRMAN N/A
Director
$0 $0 $0
DARRIN DAVIS DIRECTOR N/A
Director
$0 $0 $0
COREY FARMER VICE CHAIRMA N/A
Director
$0 $0 $0
JULIUS HANDCOCK DIRECTOR N/A
Director
$0 $0 $0
BERLIN JONES DIRECTOR N/A
Officer Director
$0 $0 $0
HARRISON LOCKE TREASURER N/A
Director
$0 $0 $0
JAMES LOWERY DIRECTOR N/A
Director
$0 $0 $0
ROGER SMITH DIRECTOR N/A
Director
$0 $0 $0
CURTIS TATE DIRECTOR N/A
Director
$0 $0 $0
BURTHEL THOMAS DIRECTOR N/A
Director
$0 $0 $0
LINDA WILSON DIRECTOR N/A
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
2024 $382,780 $398,868 $1,658,494 $-16,088
2023 $426,187 $477,741 $1,743,992 $-51,554
2022 $446,209 $504,602 $1,786,728 $-58,393
2021 $405,770 $432,995 $1,862,811 $-27,225
2020 $424,601 $529,272 $1,925,038 $-104,671
2019 $400,317 $491,354 $2,041,261 $-91,037
2018 $271,729 $368,952 $2,217,696 $-97,223
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