EIN 71-0819945

Arkansas Economic Acceleration Foundation

Name: Arkansas Economic Acceleration Foundation financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Little Rock

State

Arkansas

Year formed

1999

Most recent tax filings

2022-12-01

NTEE code, primary

S30: Economic Development

Description

The Arkansas Economic Acceleration Foundation promotes and fosters entrepreneurial development in Arkansas through educational activities. Their goal is to increase business startup creation and leadership development. They also host an annual governor's award for entrepreneurial development where college students present business plans for hypothetical businesses, judged by a panel of experts with awards presented at the annual luncheon.

Related structure

Arkansas Economic Acceleration Foundation is a subordinate organization under Arkansas Capital Corporation.

Total revenues

$218,576

2022

Total expenses

$371,250

2022

Total assets

$51,131

2022

Num. employees

2022

Program areas at Arkansas Economic Acceleration Foundation

Annual governor's award for entrepreneurial development in Arkansas whereby college students present business plans for hypothetical businesses; plans are judged by a panel of experts and dollar awards are presented to winners at the annual awards luncheon supported by the business community of the state. The entity also sponsors a 5th-8th grade business plan competition named youth entrepreneurial showcase (y.e.s.) For Arkansas.

Who funds Arkansas Economic Acceleration Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Fidelity Investments Charitable Gift Fund	2023-06	For Grant Recipient's Exempt Purposes	$114,000
Frank D Hickingbotham Foundation Trust	2023-12	Donation	$2,500

Personnel at Arkansas Economic Acceleration Foundation

Name	Title	Compensation	Date of data
Sam Walls	President	$0	2023-11-14
Leslie Lane	Vice President	$0	2022-12-31
Marie Bruno	Secretary	$0	2022-12-31
Rush deacon	Treasurer	$0	2022-12-31

Financials for Arkansas Economic Acceleration Foundation

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$210,500	$288,020	-26.9%
Program services	$8,000	$8,000	-
Investment income and dividends	$0	$0	-
Tax-exempt bond proceeds	$76	$137	-44.5%
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$218,576	$296,157	-26.2%

Form 990s for Arkansas Economic Acceleration Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-14	990	View PDF
2021-12	2022-11-15	990	View PDF
2020-12	2021-09-15	990	View PDF
2019-12	2021-04-05	990	View PDF
2018-12	2020-02-03	990	View PDF
...and 9 more Form 990s

Organizations like Arkansas Economic Acceleration Foundation

Organization	Type	Location	Revenue
Prince William Sound Economic Development Council-District	501(c)(3)	Cordova, AK	$205,688
Bridgeport Economic Development Corporation	501(c)(3)	Bridgeport, CT	$347,886
C E O Council Foundation	501(c)(3)	Peoria, IL	$327,805
Alamance County Economic Development Foundation	501(c)(3)	Burlington, NC	$400,737
Southeast Economic Development Fund	501(c)(3)	Park Hills, MO	$193,678
Southeast Washington Economic Development Association	501(c)(3)	Clarkston, WA	$56,756
Waukesha County Center for Growth	501(c)(3)	Waukesha, WI	$611,463
Alleghany Highlands Economic Development Corporation	501(c)(3)	Covington, VA	$239,255
Tech Connect WV	501(c)(3)	South Charleston, WV	$347,132
Buckeye Lake Region Corporation	501(c)(3)	Buckeye Lake, OH	$335,724

Data update history

January 19, 2024

Posted financials

Added Form 990 for fiscal year 2022

January 17, 2024

Updated personnel

Identified 1 new personnel

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

May 21, 2023

Received grants

Identified 2 new grant, including a grant for $60,000 from Walton Family Foundation

August 14, 2022

Posted financials

Added Form 990 for fiscal year 2020

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsChapter / child organizationsCharities

Issues

Land and water conservationEnvironmentCommunity improvementEconomic development

Characteristics

State / local levelTax deductible donationsNo full-time employeesAccepts online donations

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/entrepreneurship-foundation/
Phone: (501) 374-9247

IRS details

EIN: 71-0819945
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1999
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S30: Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Subordinate organization

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Arkansas Economic Acceleration Foundation

Program areas at Arkansas Economic Acceleration Foundation

Who funds Arkansas Economic Acceleration Foundation

Personnel at Arkansas Economic Acceleration Foundation

Financials for Arkansas Economic Acceleration Foundation

Form 990s for Arkansas Economic Acceleration Foundation

Organizations like Arkansas Economic Acceleration Foundation

Nonprofits

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