Overview
What is Arkansas Research Alliance?
Arkansas Research Alliance is a nonprofit organization situated in Conway, Arkansas, with its headquarters at 1125 Oak Street. Its primary focus is on bridging the gap between university research and economic development by concentrating on Arkansas's strongest and most commercially viable research capabilities. The organization's mission is to stimulate innovation, foster collaboration, and bolster economic opportunities by investing in research. With a team of four dedicated individuals, Arkansas Research Alliance aims to encourage a thriving research environment that can drive economic growth in the state.
Official website here: www.aralliance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Arkansas Research Alliance has received an impressive Four-Star rating from Charity Navigator, with a score of 96%. This rating indicates strong performance in the realm of accountability and finance, demonstrating the organization's commitment to transparency and effective management of its resources. The score is based entirely on the Accountability & Finance beacon, reflecting a robust financial health and operational integrity.
Strengths of the organization include a fully independent board of directors, with 23 members and a perfect score on board independence. Additionally, all required policies and procedures, such as conflict of interest and whistleblower policies, are in place and documented. The organization also maintains a low liabilities-to-assets ratio, ensuring financial stability, and allocates approximately 69.88% of its expenses directly to its programs, showcasing a strong focus on its mission.
While the Arkansas Research Alliance excels in accountability and financial practices, there are no noted limitations in the data provided, further underscoring its exemplary practices. Overall, this organization stands out as a well-managed nonprofit committed to its research objectives and responsible use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Arkansas Research Alliance legitimate?
Arkansas Research Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arkansas Research Alliance submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
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Other Salaries and Wages: $433,362
For more financial information, click here
Official website here: www.aralliance.org
What is the mission statement of Arkansas Research Alliance?
The Arkansas Research Alliance is committed to investing in research that stimulates innovation, encourages collaboration, and strengthens economic opportunities. This mission is executed through their Scholars Program, which focuses on Arkansas's strongest and most commercially viable research competencies, bridging the gap between university research and economic development.
Official website here: www.aralliance.org
Who is the CEO of Arkansas Research Alliance?
Jerry B Adams is the President of Arkansas Research Alliance.
Official website here: www.aralliance.org
What is the revenue of Arkansas Research Alliance?
Arkansas Research Alliance's revenue in 2022 was $2,040,177.
Official website here: www.aralliance.org
Who are the executives of Arkansas Research Alliance and what are their salaries?
The average compensation at Arkansas Research Alliance during 2022 was $108,340. There are 4 employees at Arkansas Research Alliance.
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Official website here: www.aralliance.org
Where can I find the form 990 for Arkansas Research Alliance?
Arkansas Research Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aralliance.org
Learn more at the official website: www.aralliance.org
Mission Statement of Arkansas Research Alliance
Arkansas Research Alliance, as a nonprofit organization, is dedicated to investing in research that stimulates innovation, encourages collaboration, and strengthens economic opportunities. By focusing on Arkansas' strongest and most commercially viable research competencies, the alliance aims to bridge the gap between university research and economic development. In essence, Arkansas Research Alliance serves as a catalyst, fueling the growth of innovative ideas and fostering collaborative efforts that can contribute to the broader economic landscape.
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Impact
October, 2024
Arkansas Research Alliance significantly impacts the state's economy by investing in research initiatives that drive innovation and collaboration. Through its Scholars Program, it bridges the gap between university research and economic development, focusing on Arkansas's strongest and most commercially viable research competencies. This strategic approach not only fosters academic inquiry but also strengthens economic opportunities, contributing to community improvement and advancing Arkansas's position in the competitive landscape of research and technology.
This information is meant to be a general summary of Arkansas Research Alliance. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,463
- Gross Receipts: $2,040,177
Assets and Liabilities:
- Total Assets: $2,664,849
- Total Liabilities: $34,620
- Net Assets: $2,630,229
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Organization Details
Founding Year
2008
Phone
(501) 450-7818Principal Officer
Jerry B Adams
Main Address
1125 OAK ST, CONWAY, AR, 720324359
Website
www.aralliance.orgNTEE Category
Code: S05 - Community improvement
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