Civic Intelligence

Arkansas Economic Development Foundation

990 • Fiscal year 2021 • EIN 74-2390527

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

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

47th percentile

0.05x

Higher debt load relative to assets than 47% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

0.69x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Net Margin

1st percentile

-372%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Asset Growth

4th percentile

-23%

Faster asset growth than 4% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-84%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets47th percentile

Assets

Down

$752,051

Down $221,354 (-23%) from 2020

Net Assets

Down

$712,446

Down $213,050 (-23%) from 2020

Liabilities

Down

$39,605

Down $8,304 (-17%) from 2020

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin1st percentile

Revenue

Down

$57,302

Down $311,217 (-84%) from 2020

Expenses

Up

$270,352

Up $107,989 (+67%) from 2020

Net Income

Down

-$213,050

Down $419,206 (-203%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth4th 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

2021

Assets$752,051
Liabilities$39,605
Net Assets$712,446
Open 2021 Filing

Operations Trend

Revenue Growth1st 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

2021

Revenue$57,302
Expenses$270,352
Net Income-$213,050
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.2
Gross Receipts
$57,302
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.

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
Savings and Temporary Cash Investments$701,936$643,417▼ $58,519
Cash and Non-Interest-Bearing Accounts$223,961$70,454▼ $153,507
Land, Buildings, and Equipment, Net$45,087$35,759▼ $9,328
Prepaid Expenses and Deferred Charges$2,421$2,421→ $0
Total Assets$973,405$752,051▼ $221,354
Liabilities
Mortgage Notes Payable Secured by Investment Property$47,909$39,605▼ $8,304
Total Liabilities$47,909$39,605▼ $8,304
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$925,496$712,446▼ $213,050
Total Net Assets Fund Balance$925,496$712,446▼ $213,050
Total Liabilities and Net Assets / Fund Balance$973,405$752,051▼ $221,354

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$35,759$10,880$46,639
Compensation and Service Providers
Top Officer Pay46th percentile

Board Members and Trustees

NameTitle
Gus VratsinasPresident
Frank ThomasVice-president
Archie Schaffer IiiBoard Member
Lang ZimmermanBoard Member
Michael LindseyBoard Member
Mike AkinBoard Member
Niel CrowsonBoard Member
William RockefellerBoard Member
Mark YoungSecretary
Mike CarrollTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$54,130
Program Service Revenue
$0
Investment Income
$3,172
Other Revenue
$0
All Other Contributions
$51,630
Change in Net Assets
$-213,050

Audited Revenue Reconciliation

Revenue per Audited Statements
$57,302
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$57,302
Total Revenue per Form 990
$57,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$192,172
Grants and Similar Amounts Paid$78,180
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$78,180--$78,180
Advertising$65,534--$65,534
Travel$23,877$4,763-$28,640
Payment Travel Entrtnmnt Publicly Ofcl$24,148$1,936-$26,084
All Other Expenses$13,660--$13,660
Fees for Services Accounting-$13,600-$13,600
Depreciation Depletion$9,328--$9,328
Office Expenses$5,404--$5,404
Interest$3,584--$3,584
Insurance-$194-$194
Fees for Services Other-$164-$164
Other Expenses$149--$149
Total Functional Expenses$249,695$20,657$0$270,352

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$270,352
Total Expenses per Audited Statements$270,352
Total Expenses per Form 990$270,352
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Arkansas Industrial and Economic Development FoundationLittle Rock, AR501c3General Support$61,680
Dream Fore Kids Inc--General Support$9,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
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
Yes
Audit committee
No
Business relationship with 35% controlled entity
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 11B

“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
EIN
74-2390527
Phone
5016827354
Address
PO BOX 1784, LITTLE ROCK, AR 72203

Signing Officer

Name
Gus Vratsinas
Title
President
Phone
5016827354
Signed
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gus Vratsinas
Formed
1955
Legal Domicile
Ar
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Hcj Cpas & Advisors Pllc
Address
11025 ANDERSON DRIVE SUITE 300, LITTLE ROCK, AR 72212-2472
Preparer
Rami Kassissieh
Phone
5012211000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The foundation will recognize accrued interest and penalties, if any, associated with uncertain positions as part of management and general expenses.”

Raw XML AppendixShowing 400 of 426 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.

Path#Value
IRS990/AccountantCompileOrReviewInd01
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SUPPLEMENT APPROPRIATIONS BY THE STATE LEGISLATURE FOR DEVELOPMENT OF THE STATE'S RESOURCES AND ATTRACTING NEW BUSINESSES TO THE STATE OF ARKANSAS
IRS990/AdvertisingGrp/ProgramServicesAmt065534
IRS990/AdvertisingGrp/TotalAmt065534
IRS990/AllOtherContributionsAmt051630
IRS990/AllOtherExpensesGrp/ProgramServicesAmt013660
IRS990/AllOtherExpensesGrp/TotalAmt013660
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BEN RUGG
IRS990/BooksInCareOfDetail/PhoneNum05016645434
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01501 N UNIVERSITY DR STE 245
IRS990/BooksInCareOfDetail/USAddress/CityNm0LITTLE ROCK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AR
IRS990/BooksInCareOfDetail/USAddress/ZIPCd072207
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0223961
IRS990/CashNonInterestBearingGrp/EOYAmt070454
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt02500
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt054130
IRS990/CYGrantsAndSimilarPaidAmt078180
IRS990/CYInvestmentIncomeAmt03172
IRS990/CYOtherExpensesAmt0192172
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-213050
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0270352
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt057302
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt09328
IRS990/DepreciationDepletionGrp/TotalAmt09328
IRS990/Desc0ORGANIZED SEVERAL EVENTS TO ATTRACT PROSPECTIVE BUSINESSES, AND PROMOTE ECONOMIC DEVELOPMENT IN ARKANSAS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/ExpenseAmt0249695
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013600
IRS990/FeesForServicesAccountingGrp/TotalAmt013600
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0164
IRS990/FeesForServicesOtherGrp/TotalAmt0164
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0GUS VRATSINAS
IRS990/Form990PartVIISectionAGrp/PersonNm1FRANK THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm2MIKE CARROLL
IRS990/Form990PartVIISectionAGrp/PersonNm3MIKE AKIN
IRS990/Form990PartVIISectionAGrp/PersonNm4NIEL CROWSON
IRS990/Form990PartVIISectionAGrp/PersonNm5MARK YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm6ARCHIE SCHAFFER III
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHAEL LINDSEY
IRS990/Form990PartVIISectionAGrp/PersonNm8WILLIAM ROCKEFELLER
IRS990/Form990PartVIISectionAGrp/PersonNm9LANG ZIMMERMAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01955
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt02500
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantAmt078180
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt078180
IRS990/GrantsToDomesticOrgsGrp/TotalAmt078180
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt057302
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0194
IRS990/InsuranceGrp/TotalAmt0194
IRS990/InterestGrp/ProgramServicesAmt03584
IRS990/InterestGrp/TotalAmt03584
IRS990/InvestmentIncomeGrp/ExclusionAmt03172
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03172
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010880
IRS990/LandBldgEquipBasisNetGrp/BOYAmt045087
IRS990/LandBldgEquipBasisNetGrp/EOYAmt035759
IRS990/LandBldgEquipCostOrOtherBssAmt046639
IRS990/LegalDomicileStateCd0AR
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SUPPLEMENT APPROPRIATIONS BY THE STATE LEGISLATURE FOR DEVELOPMENT OF THE STATE'S RESOURCES AND ATTRACTING NEW BUSINESSES TO THE STATE OF ARKANSAS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt047909
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt039605
IRS990/NetAssetsOrFundBalancesBOYAmt0925496
IRS990/NetAssetsOrFundBalancesEOYAmt0712446
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0925496
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0712446
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OfficeExpensesGrp/ProgramServicesAmt05404
IRS990/OfficeExpensesGrp/TotalAmt05404
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MEALS
IRS990/OtherExpensesGrp/Desc1ENTERTAINMENT REIMBURSE
IRS990/OtherExpensesGrp/ProgramServicesAmt025831
IRS990/OtherExpensesGrp/ProgramServicesAmt1149
IRS990/OtherExpensesGrp/TotalAmt025831
IRS990/OtherExpensesGrp/TotalAmt1149
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02421
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02421
IRS990/PrincipalOfficerNm0GUS VRATSINAS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0MADE CONTRIBUTIONS TO ORGANIZATION THAT WORK TO ATTRACT PROSPECTIVE BUSINESSES, AND PROMOTE ECONOMIC DEVELOPMENT IN ARKANSAS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0375200
IRS990/PYGrantsAndSimilarPaidAmt099000
IRS990/PYInvestmentIncomeAmt04496
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt01936
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt024148
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt026084
IRS990/PYOtherExpensesAmt063363
IRS990/PYOtherRevenueAmt0-11177
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0206156
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0162363
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0368519
IRS990/ReconcilationRevenueExpnssAmt0-213050
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0701936
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0643417
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0270352
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt035759
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010880
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt046639
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt057302
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION WILL RECOGNIZE ACCRUED INTEREST AND PENALTIES, IF ANY, ASSOCIATED WITH UNCERTAIN POSITIONS AS PART OF MANAGEMENT AND GENERAL EXPENSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt035759
IRS990ScheduleD/TotalExpensesPerForm990Amt0270352
IRS990ScheduleD/TotalRevenuePerForm990Amt057302
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt057302
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0270352
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt061680
IRS990ScheduleI/RecipientTable/CashGrantAmt19000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ARKANSAS INDUSTRIAL AND ECONOMIC DEVELOPMENT FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1DREAM FORE KIDS INC
IRS990ScheduleI/RecipientTable/RecipientEIN0272775803
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 1784
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LITTLE ROCK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0AR
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd072203
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS COMMON BOARD MEMBERS WITH THE ORGANIZATION THAT IT ASSISTS AND IS INVOLVED IN THE OVERALL SELECTION CRETERIA USED TO AWARD THE GRANTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV - ADDITIONAL INFORMATION
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES A COPY OF THE FORM 990 TO ITS GOVERNING BODY VIA EMAIL PRIOR TO FILING THE FORM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ARKANSAS INDUSTRIAL AND ECONOMIC DEVELOPMENT FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0272775803
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0AR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 1784
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LITTLE ROCK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0AR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd072203
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt061680
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0AR INDUSTRIAL & ECONOMIC DEV FDN
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AR
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0973405
IRS990/TotalAssetsEOYAmt0752051
IRS990/TotalAssetsGrp/BOYAmt0973405
IRS990/TotalAssetsGrp/EOYAmt0752051
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt054130
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020657
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0249695
IRS990/TotalFunctionalExpensesGrp/TotalAmt0270352
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt047909
IRS990/TotalLiabilitiesEOYAmt039605
IRS990/TotalLiabilitiesGrp/BOYAmt047909
IRS990/TotalLiabilitiesGrp/EOYAmt039605
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0925496
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0712446
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0249695
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03172
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt057302
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0973405
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0752051
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt04763
IRS990/TravelGrp/ProgramServicesAmt023877
IRS990/TravelGrp/TotalAmt028640
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02200 N RODNEY PARHAM RD STE 206
IRS990/USAddress/CityNm0LITTLE ROCK
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072212
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GUS VRATSINAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05016827354

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$752,051
Liabilities
$39,605
Net assets
$712,446
Revenue
$57,302
Expenses
$270,352
Net income
-$213,050
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