Black River Area Development Corporation FY2021 filing

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To aid and assist the Area regions of lawrence, randolph, and clay counties in developing programs under and pursuant to the economic opportunity act of the 1964 congress and to assist in the procurement, organization, coordination, and supervision of projects of any and all causes or kinds which may become avaliable to any part or all of such regions or Area.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$94K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $126K a year · 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$94K
to officers and key staff · 0.9% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $26K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.3M
Spent
$10.2M
To programs
92%
Net assets
$6.5M
By yearFY2021–FY2025
Revenue
$10.3M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$10.3M
FY2022$11.1M
FY2023$11.7M
FY2024$11.9M
FY2025$11.8M
Expenses
$10.2M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$10.2M
FY2022$10.7M
FY2023$11.6M
FY2024$11.5M
FY2025$12.2M
Net assets
$6.5M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$6.5M
FY2022$6.8M
FY2023$7.0M
FY2024$7.4M
FY2025$7.1M

From the FY2021 Form 990 (year ending April 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1966.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $9.4M Management & general 8% · $824K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

16 people listed on the 990; $94K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Dir.
$94,112Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Amy Thomas’s $57K as Executive Dir. is at the 1st percentile of top reported officer pay among 572 $10–100M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Rhonda Ahrent—$107,871$104,555$101,199$94,112
Amy Thomas$57,494————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Black River Area Development Corporation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps local areas develop programs and projects for economic opportunity.

Questions for Black River Area Development Corporation

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1 program · $9.4M · in their own filed words · FY2020
01

To aid and assist the area regions of lawrence, randolph, and clay counties in developing programs under and pursuant to the economic opportunity act of the 1964 congress and to assist in the procurment, organization, coordination, and supervision of project of an and all causes or kinds which may become avaliable to any part or all of…

$9.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 2 funders$26K
Grants paid · 15 grants · $8.2M · 2020–2024
Unitemized GrantFY2024$770,560
Unitemized GrantFY2024$642,625
Unitemized GrantFY2024$326,107
Unitemized GrantFY2023$697,926
Unitemized GrantFY2023$422,075
Unitemized GrantFY2023$376,567
Unitemized GrantFY2022$905,245
Unitemized GrantFY2022$359,099
Unitemized GrantFY2022$338,067
Unitemized GrantFY2021$1,044,666
Unitemized GrantFY2021$454,051
Unitemized GrantFY2021$269,361
Unitemized GrantFY2020$936,590
Unitemized GrantFY2020$386,006
Unitemized GrantFY2020$312,196

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Apr 2026 · $11.0M federal money spent
Head StartDepartment of Health and Human Services · ALN 93.600 · Direct$5.7M
Low-Income Home Energy AssistanceDepartment of Health and Human Services · ALN 93.568 · Through Arkansas Dept of Energy$1.2M
Child Care and Development Block GrantDepartment of Health and Human Services · ALN 93.575 · Through Arkansas Dept of Education$1.0M
Weatherization Assistance for Low-Income PersonsDepartment of Energy · ALN 81.042 · Through Arkansas Department of Economic Development$773K
Child and Adult Care Food ProgramDepartment of Agriculture · ALN 10.558 · Through Arkansas Dept of Education$553K

Plus 9 smaller programs.

The auditor reported no findings.

Year ending Apr 2025 · $11.1M federal money spent
Head StartDepartment of Health and Human Services · ALN 93.600 · Direct$5.8M
Low-Income Home Energy AssistanceDepartment of Health and Human Services · ALN 93.568 · Through Arkansas Department of Environmental Quality$1.4M
Child Care and Development Block GrantDepartment of Health and Human Services · ALN 93.575 · Through Arkansas Department of Human Services$1.1M
Weatherization Assistance for Low-Income PersonsDepartment of Energy · ALN 81.042 · Through Arkansas Department of Economic Development$578K
Child and Adult Care Food ProgramDepartment of Agriculture · ALN 10.558 · Through Arkansas Department of Human Services$530K

Plus 9 smaller programs.

The auditor reported no findings.

Year ending Apr 2024 · $10.7M federal money spent
Head StartDepartment of Health and Human Services · ALN 93.600 · Direct$5.4M
Low-Income Home Energy AssistanceDepartment of Health and Human Services · ALN 93.568 · Through Arkansas Department of Environmental Quality$1.3M
Child Care and Development Block GrantDepartment of Health and Human Services · ALN 93.575 · Through Arkansas Department of Human Services$1.3M
Section 8 Housing Choice VouchersDepartment of Housing and Urban Development · ALN 14.871 · Direct$585K
Child and Adult Care Food ProgramDepartment of Agriculture · ALN 10.558 · Through Arkansas Department of Human Services$522K

Plus 8 smaller programs.

The auditor reported no findings.

Year ending Apr 2023 · $11.2M federal money spent
Head StartDepartment of Health and Human Services · ALN 93.600 · Direct$5.9M
Low-Income Home Energy AssistanceDepartment of Health and Human Services · ALN 93.568 · Through Arkansas Department of Enviornmental Quality$1.4M
Child Care and Development Block GrantDepartment of Health and Human Services · ALN 93.575 · Through Arkansas Department of Human Services$1.3M
Section 8 Housing Choice VouchersDepartment of Housing and Urban Development · ALN 14.871 · Direct$522K
Child and Adult Care Food ProgramDepartment of Agriculture · ALN 10.558 · Through Arkansas Department of Human Services$468K

Plus 8 smaller programs.

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$10.3M
Ln 12
Gifts and grantsLn 1h$10.0M
Fees for servicesLn 2g$260K
Investment incomeLn 3$11K
Money outPt IX
$10.2M
Ln 25
Programscol B$9.4M
Managementcol C$824K
Owns and owesPt X
$6.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$8.4M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.0M
Government grantsLn 1e$10.0M
Fees for servicesLn 2g$260K
Investment incomeLn 3$11K
Gains on assetsLn 7$9K
Total revenueLn 12$10.3M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
Pledges and grants receivableLn 3$958K
Prepaid expenses and deferred chargesLn 9$182K
Land, buildings, equipmentLn 10c$5.9M
Other assetsLn 15$201K
Total assetsLn 16$8.4M
LiabilitiesLn 26$2.0M
Net assetsLn 32$6.5M
OperationsPt I, VI
EmployeesI 5218
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$899K$1.2M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$6.2M$5.9M
Total assetsLn 16$8.0M$8.4M
LiabilitiesLn 26$1.6M$2.0M
Net assetsLn 32$6.4M$6.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$1.6M$1.6M
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$94K$94K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$4.2M$3.8M$346K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$836K$770K$66K
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$251K$194K$57K
TravelLn 17$43K$43K$35
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$18K$18K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$312K$295K$16K
InsuranceLn 23$229K$199K$30K
Other expenses (24a–d)Ln 24$2.3M$2.1M$200K
All other expensesLn 24e$345K$236K$109K
Total functional expensesLn 25$10.2M$9.4M$824K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Oct 9, 2025 $11.8M$12.2M−$329K$7.1M 990 PDF
FY2024Filed with the IRS Nov 21, 2024 $11.9M$11.5M$445K$7.4M 990 PDF
FY2023Filed with the IRS Oct 24, 2023 $11.7M$11.6M$106K$7.0M 990 PDF
FY2022Filed with the IRS Oct 5, 2022 $11.1M$10.7M$377K$6.8M 990 PDF
FY2021 ViewingFiled with the IRS Sep 30, 2021 $10.3M$10.2M$32K$6.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $10,254,948 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,118,367$9,983,908
I-9 Program service revenuePrior year $192,669$260,142
I-10 Investment incomePrior year $22,825$10,898
I-11 Other revenue$0
I-12 Total revenuePrior year $9,333,861$10,254,948
I-13 Grants and similar amounts paidPrior year $1,081,486$1,634,792
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $5,841,423$5,124,356
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,620,753$3,463,915
I-18 Total expensesPrior year $9,543,662$10,223,063
I-19 Revenue less expensesPrior year −$209,801$31,885
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,254,948 across 9 lines filed
VIII-1e Government grants$9,983,908
VIII-1h Total contributions, gifts and grants$9,983,908
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $260,142$260,142
VIII-3 Investment incomeRelated to mission $1,862$1,862
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,036$9,036
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $262,004 · Excluded from tax $9,036$10,254,948
Part IX · Statement of functional expenses $10,223,063 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $1,634,792$1,634,792
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $94,112$94,112
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $3,848,700 · Management $345,742$4,194,442
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $769,740 · Management $66,062$835,802
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $194,084 · Management $56,885$250,969
IX-17 TravelPrograms $43,160 · Management $35$43,195
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $18,249$18,249
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $295,446 · Management $16,389$311,835
IX-23 InsurancePrograms $199,097 · Management $30,346$229,443
IX-24 Other expenses (24a–d)Programs $2,065,189 · Management $199,936$2,265,125
IX-24e All other expensesPrograms $236,071 · Management $109,028$345,099
IX-25 Total functional expensesPrograms $9,398,640 · Management $824,423 · Fundraising $0$10,223,063
Part X · Balance sheet $8,446,501 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $898,870$1,208,378
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $588,125$957,786
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $176,936$182,317
X-10c Land, buildings and equipment, netStart of year $6,165,371$5,897,210
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $193,648$200,810
X-16 Total assetsStart of year $8,022,950$8,446,501
X-17 Accounts payable and accrued expensesStart of year $688,344$1,035,528
X-19 Deferred revenueStart of year $210,418$274,225
X-23 Secured mortgages and notes payableStart of year $682,489$666,054
X-26 Total liabilitiesStart of year $1,581,251$1,975,807
X-27 Net assets without donor restrictionsStart of year $6,441,699$6,470,694
X-32 Total net assets or fund balancesStart of year $6,441,699$6,470,694
X-33 Total liabilities and net assetsStart of year $8,022,950$8,446,501
Part XI · Reconciliation of net assets $6,470,694 net assets at year end
XI-1 Total revenue$10,254,948
XI-2 Total expenses$10,223,063
XI-3 Revenue less expenses$31,885
XI-4 Net assets at start of year$6,441,699
XI-9 Other changes in net assets−$2,890
XI-10 Net assets at end of year$6,470,694

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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