Civic Intelligence

Arkansas Economic Development Foundation

990 • Fiscal year 2014 • EIN 74-2390527

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 07, 2015

Organization ProfileN/A
PO Box 1784Little Rock, AR 72203

(501) 682-7354

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.05x

Higher debt load relative to assets than 67% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

70th percentile

0.05x

Higher debt load relative to revenue than 70% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

90th percentile

27%

Higher net margin than 90% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

87th percentile

40%

Faster asset growth than 87% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

86th percentile

30%

Faster revenue growth than 86% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$279,850

Up $79,979 (+40%) from 2013

Net Assets

Up

$265,748

Up $84,418 (+47%) from 2013

Liabilities

Down

$14,102

Down $4,439 (-24%) from 2013

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin90th percentile

Revenue

Up

$310,608

Up $71,877 (+30%) from 2013

Expenses

Up

$226,190

Up $59,768 (+36%) from 2013

Net Income

Up

$84,418

Up $12,109 (+17%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $313,331Liabilities 2011: $82,911Net Assets 2011: $230,4202011Assets 2012: $178,981Liabilities 2012: $69,960Net Assets 2012: $109,0212012Assets 2013: $199,871Liabilities 2013: $18,541Net Assets 2013: $181,3302013Assets 2014: $279,850Liabilities 2014: $14,102Net Assets 2014: $265,7482014Assets 2015: $502,300Liabilities 2015: $37,378Net Assets 2015: $464,9222015Assets 2016: $305,528Liabilities 2016: $31,109Net Assets 2016: $274,4192016Assets 2017: $541,801Liabilities 2017: $24,925Net Assets 2017: $516,8762017Assets 2018: $578,810Liabilities 2018: $18,405Net Assets 2018: $560,4052018Assets 2019: $730,761Liabilities 2019: $11,421Net Assets 2019: $719,3402019Assets 2020: $973,405Liabilities 2020: $47,909Net Assets 2020: $925,4962020Assets 2021: $752,051Liabilities 2021: $39,605Net Assets 2021: $712,4462021Assets 2022: $827,243Liabilities 2022: $30,622Net Assets 2022: $796,6212022Assets 2023: $960,795Liabilities 2023: $20,904Net Assets 2023: $939,8912023Assets 2024: $749,825Liabilities 2024: $10,391Net Assets 2024: $739,4342024

Highlighted filing

2014

Assets$279,850
Liabilities$14,102
Net Assets$265,748
Open 2014 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200K-$400KExpenses 2011: $114,7172011Expenses 2012: $225,6802012Revenue 2013: $238,731Expenses 2013: $166,422Net Income 2013: $72,3092013Revenue 2014: $310,608Expenses 2014: $226,190Net Income 2014: $84,4182014Revenue 2015: $553,493Expenses 2015: $354,319Net Income 2015: $199,1742015Revenue 2016: $61,854Expenses 2016: $252,357Net Income 2016: -$190,5032016Revenue 2017: $452,044Expenses 2017: $209,587Net Income 2017: $242,4572017Revenue 2018: $193,386Expenses 2018: $149,857Net Income 2018: $43,5292018Revenue 2019: $473,755Expenses 2019: $317,210Net Income 2019: $156,5452019Revenue 2020: $368,519Expenses 2020: $162,363Net Income 2020: $206,1562020Revenue 2021: $57,302Expenses 2021: $270,352Net Income 2021: -$213,0502021Revenue 2022: $403,205Expenses 2022: $319,030Net Income 2022: $84,1752022Revenue 2023: $401,488Expenses 2023: $258,218Net Income 2023: $143,2702023Revenue 2024: $153,118Expenses 2024: $353,431Net Income 2024: -$200,3132024

Highlighted filing

2014

Revenue$310,608
Expenses$226,190
Net Income$84,418
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 7, 2015
Return Version
2014v5.0
Gross Receipts
$310,608
Mission and Program Overview

Mission

Supplement appropriations by the state legislature for development of the state's resources and attracting new businesses to the state of arkansas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$110,663$207,045▲ $96,382
Savings and Temporary Cash Investments$57,432$57,437▲ $5
Land, Buildings, and Equipment, Net$17,655$12,947▼ $4,708
Prepaid Expenses and Deferred Charges$14,121$2,421▼ $11,700
Total Assets$199,871$279,850▲ $79,979
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,302$9,564▼ $4,738
Accounts Payable and Accrued Expenses$4,239$4,538▲ $299
Total Liabilities$18,541$14,102▼ $4,439
Net Assets / Fund Balance
Unrestricted Net Assets$181,330$265,748▲ $84,418
Total Net Assets Fund Balance$181,330$265,748▲ $84,418
Total Liabilities and Net Assets / Fund Balance$199,871$279,850▲ $79,979

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$12,947$10,593$23,540
Compensation and Service Providers
Top Officer Pay68th percentile

Board Members and Trustees

NameTitle
Gus VratsinasPresident
Frank ThomasVice-president
Archie Schaffer IiiBoard Member
Chris G HeeleyBoard Member
Mark YoungBoard Member
Mike AkinBoard Member
Niel CrowsonBoard Member
Steve LuelfBoard Member
Sharon TrustySecretary
Tom SchueckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$310,602
Program Service Revenue
$0
Investment Income
$6
Other Revenue
$0
All Other Contributions
$310,602
Change in Net Assets
$84,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$310,608
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$310,608
Total Revenue per Form 990
$310,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$226,190
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$93,611--$93,611
Travel$26,426--$26,426
Office Expenses-$16,754-$16,754
Fees for Services Other-$14,710-$14,710
Depreciation Depletion$4,708--$4,708
Other Expenses$1,121--$1,121
Interest-$1,102-$1,102
All Other Expenses$892--$892
Total Functional Expenses$193,624$32,566$0$226,190

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$226,190
Total Expenses per Audited Statements$226,190
Total Expenses per Form 990$226,190
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The organization provides a copy of the form 990 to its governing body via email prior to filing the form.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Arkansas Economic Development Foundation
EIN
74-2390527
Phone
5016827354
Address
PO BOX 1784, LITTLE ROCK, AR 72203

Signing Officer

Name
Gus Vratsinas
Title
President
Phone
5013760017
Signed
2015-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gus Vratsinas
Formed
1955
Legal Domicile
Ar
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Hudson Cisne & Co Llp
Address
11025 ANDERSON DRIVE STE 300, LITTLE ROCK, AR 72212
Preparer
Richard L Cisne
Phone
5012211000
Raw XML Appendix345 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/TotalFunctionalExpensesGrp/TotalAmt0226190
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018541
IRS990/TotalLiabilitiesEOYAmt014102
IRS990/TotalLiabilitiesGrp/BOYAmt018541
IRS990/TotalLiabilitiesGrp/EOYAmt014102
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0181330
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0193624
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0310608
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0199871
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0279850
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt026426
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0181330
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0LITTLE ROCK
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072203
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GUS VRATSINAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05013760017
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARKANSAS ECONOMIC DEVELOPMENT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ARKA
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ReturnHeader/Filer/PhoneNum05016827354
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HUDSON CISNE & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011025 ANDERSON DRIVE STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LITTLE ROCK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072212
ReturnHeader/PreparerPersonGrp/PhoneNum05012211000
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD L CISNE
ReturnHeader/ReturnTs02015-08-14T08:35:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$279,850
Liabilities
$14,102
Net assets
$265,748
Revenue
$310,608
Expenses
$226,190
Net income
$84,418
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.50$0.10$7.39$1.53$3.53$2.00
2023Detailed filing. Detailed filing data is available for this year.$9.61$0.21$9.40$4.01$2.58$1.43
2022Detailed filing. Detailed filing data is available for this year.$8.27$0.31$7.97$4.03$3.19$0.84
2021Detailed filing. Detailed filing data is available for this year.$7.52$0.40$7.12$0.57$2.70$2.13
2020Detailed filing. Detailed filing data is available for this year.$9.73$0.48$9.25$3.69$1.62$2.06
2019Detailed filing. Detailed filing data is available for this year.$7.31$0.11$7.19$4.74$3.17$1.57
2018Detailed filing. Detailed filing data is available for this year.$5.79$0.18$5.60$1.93$1.50$0.44
2017Detailed filing. Detailed filing data is available for this year.$5.42$0.25$5.17$4.52$2.10$2.42
2016Detailed filing. Detailed filing data is available for this year.$3.06$0.31$2.74$0.62$2.52$1.91
2015Detailed filing. Detailed filing data is available for this year.$5.02$0.37$4.65$5.53$3.54$1.99
2014Detailed filing. Detailed filing data is available for this year.$2.80$0.14$2.66$3.11$2.26$0.84
2013Detailed filing. Detailed filing data is available for this year.$2.00$0.19$1.81$2.39$1.66$0.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.70$1.09$2.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.13$0.83$2.30$1.15