Passes our checks

East Arkansas Business Development Council Inc

EIN 71-0655498 · Jonesboro, AR

Public records show a registered, tax-exempt organization in good standing.

What it says it does

TO ASSIST IN THE DEVELOPMENT OF BUSINESS IN THE EASTERN ARKANSAS AREA

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Good: 85 out of 100.

Reserves
35 of 35
Spendable reserves would cover 42.6 months of spending.
Debt
20 of 20
It owes 4% of what it owns.
Living within its means
0 of 15
Spending exceeded income by 347% of income.
Income trend
15 of 15
Income rose 22% on the year before.
Spending floor
15 of 15
91% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 50 out of 100.

Independent board
25 of 25
8 of 9 voting board members are independent.
Conflict of interest policy
0 of 15
Reports no written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
0 of 10
Did not give the board a copy of this return before filing it.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)

$700,477 spent. JONESBORO UNLIMITED DIVISION - THE PURPOSES OF THE CORPORATION ARE TO ENGAGE IN ACTIVITIES DESIGNED TO ASSIST IN THE DEVELOPMENT OF BUSINESSES IN THE EASTERN ARKANSAS AREA; TO PROVIDE AND PROMOTE EDUCATIONAL OPPORTUNITIES TO MEMBERS AND POTENTIAL MEMBERS OF THE WORK FORCE IN THE EASTERN ARKANSAS AREA; AND TO AID, ASSIST AND FOSTER THE DEVELOPMENT AND IMPROVEMENT OF JONESBORO, ARKANSAS, AND OTHER COMMUNITIES IN THE EASTERN ARKANSAS AREA, ALL SUCH ACTIVITIES TO BE PERFORMED EITHER ALONE OR IN A COOPERATION AND COORDINATION WITH GOVERNMENTAL AND CIVIC BODIES IN AN EFFORT TO COMBAT COMMUNITY DETERIORATION AND SECURE ADEQUATE COMMUNITY FACILITIES, SERVICES AND CONDITIONS, ECONOMIC AND OTHERWISE.
$51,800 spent. EDUCATIONAL TRAINING DIVISION - APPROXIMATELY 12 LOCAL INDUSTRIES PARTICIPATE IN RETRAINING THEIR EXISTING WORKFORCES THROUGH CLASSES.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 1990.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.