Program areas at Arkansas Capital Corporation
Arkansas Capital Corporation is a private, tax-exempt non-profit organization which primarily provides loans and government program resources for the expansion of Arkansas enterprises. The Corporation is organized to promote economic growth through entrepreneurism within the state of Arkansas and the bordering states and to perform any other act permissible for an organization described in section 501(c)(6) of the internal revenue code, or the corresponding provision of any future united states internal revenue law.
Arkansas Capital Corporation formed pine state regional center as an Arkansas limited liability company to sponsor qualified eb-5 projects that promote the expansion of the regional economy by increasing exports, household earning, productivity, and domestic Capital - all with a particular emphasis on permanent job creation within pine state regional center's geographic footprint.
Provide sba lending to loan customers in the state of Arkansas and the bordering states and provide management and personnel services for various not-for-profit related entities.
Personnel at Arkansas Capital Corporation
| Name | Title | Compensation | Date of data |
|---|
| Rush B deacon | Senior Vice President | $171,334 | 2022-12-31 |
| Sam Walls | Chief Executive Officer | $340,504 | 2023-11-14 |
| Rebecca Miles | Vice President | $42,278 | 2022-12-31 |
| Kevin Burns | Chairman | $0 | 2022-12-31 |
| Leslie Lane | President | $266,729 | 2022-12-31 |
| ...and 13 more key personnel |
Financials for Arkansas Capital Corporation
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $1,403,385 | -100% |
| Program services | $2,851,603 | $4,163,705 | -31.5% |
| Investment income and dividends | $27,889 | $2,582 | 980.1% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $3,698 | -100% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $3,333,381 | $2,798,331 | 19.1% |
| Total revenues | $6,212,873 | $8,371,701 | -25.8% |
Organizations like Arkansas Capital Corporation
| Organization | Type | Location | Revenue |
|---|
| Invest Buffalo Niagara (BNE) | 501(c)(6) | Buffalo, NY | $2,231,687 |
| South Bend Elkhart Regional Partnership | 501(c)(6) | South Bend, IN | $2,269,143 |
| Economic Development Council (EDC) | 501(c)(6) | Springfield, MA | $5,832,128 |
| The Right Place | 501(c)(6) | Grand Rapids, MI | $6,457,185 |
| Commerce Lexington | 501(c)(6) | Lexington, KY | $4,156,532 |
| One Southern Indiana | 501(c)(6) | New Albany, IN | $1,937,491 |
| Economic Development Coaliton of Southwest Indiana | 501(c)(6) | Evansville, IN | $1,909,566 |
| Greater Spokane Incorporated (GSI) | 501(c)(6) | Spokane, WA | $5,819,739 |
| Centerstate Corporation for Economic Opportunity | 501(c)(6) | Syracuse, NY | $13,051,588 |
| Greater Wichita Partnership | 501(c)(6) | Wichita, KS | $3,535,389 |
Data update history
December 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 26, 2023
Updated personnel
Identified 5 new personnel
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 29, 2023
Updated personnel
Identified 2 new personnel
June 3, 2023
Updated personnel
Identified 6 new personnel
Nonprofit Types
Business and community development organizationsHeadquarter / parent organizations
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local level
General information
- Address
- 200 River Market Ave Suite 400
- Little Rock, AR 72201
- Metro area
- Little Rock-North Little Rock-Conway, AR
- County
- Pulaski County, AR
- Website URL
- arcapital.com/Â
- Phone
- (501) 374-9247
- Facebook page
- ArkansasCapitalCorporationÂ
- Twitter profile
- @arkcapitalcorpÂ
IRS details
- EIN
- 71-0312420
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1957
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Central organization
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