Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).
Status and standing
Where the money goes
Statement of Functional Expenses
Financial health
Summary of the Filing
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 82% | — | — |
| Overhead ratio | 18% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Legal fee ratio | 0.4% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Officers, Directors & Key Employees
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2023 | FY2022 |
|---|---|---|
| Brad Lacy | $316,704 | $246,016 |
| John-Lewis J Gates | $224,504 | — |
| Laura Grimes | $157,369 | $139,041 |
| Corey Parks | $152,975 | — |
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.
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Governance & Policies
Mission and programs
Boosts economic growth and creates jobs in Conway, Arkansas.
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Where the work happens
The conway development corporation responded to site selection and expansion requests monthly on behalf of the city of conway and faulkner county. The CDC managed its land portfolio and assets for the benefit of the community and future economic development opportunities.
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Filing history
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2023 Latest | $11.0M | $6.9M | +550% | 990 PDF |
| FY2022 | $1.7M | $2.0M | -35% | 990 PDF |
| FY2021 | $2.6M | $2.2M | +131% | 990 PDF |
| FY2020 Viewing | $1.1M | $1.8M | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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