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Conway Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 270332730 ✦ Conway, AR ✦ Designated as a 501(c)(3)

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Overview

What is Conway Foundation Inc?

Conway Foundation Inc, based in Conway, Arkansas, is a nonprofit organization committed to empowering entrepreneurs, innovators, and small business leaders. They provide no-cost consulting, technical assistance, subject matter expertise, and workshops to lower barriers for starting and growing businesses. The foundation operates the Arnold Innovation Center, an 11,000 square foot coworking and meeting space, to facilitate collaboration and growth among small business owners and entrepreneurs. The Conway Foundation's mission aligns with promoting charitable, scientific, literary, and educational activities in Faulkner County, Arkansas.


Official website here: www.conwayarkansas.org

Is Conway Foundation Inc legitimate?

Conway Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Conway Foundation Inc 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.conwayarkansas.org

What is the mission statement of Conway Foundation Inc?

The Conway Foundation Inc is dedicated to promoting charitable, scientific, literary, and educational activities. Their mission extends to empowering current and aspiring entrepreneurs, innovators, and small business leaders. They accomplish this by offering no-cost one-on-one consulting, technical assistance, subject matter expertise, and workshops. The foundation operates the Arnold Innovation Center, a 11,000 square foot coworking and meeting space, enabling small business owners and entrepreneurs to collaborate and grow their businesses. The Kauffman Foundation supported this mission, aiming to lower barriers to starting and growing businesses.


Official website here: www.conwayarkansas.org

Who is the CEO of Conway Foundation Inc?

Brad Lacy is the Member of Conway Foundation Inc.


Official website here: www.conwayarkansas.org

What is the revenue of Conway Foundation Inc?

Conway Foundation Inc's revenue in 2022 was $284,312.


Official website here: www.conwayarkansas.org

Who are the executives of Conway Foundation Inc and what are their salaries?


Here are 9 key members and their salaries:


Charles Nabholz (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Linn (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Hegeman (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Crain (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ellen Roberts (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leann Dietz (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gene Klaasmeyer (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lane Housley (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Hutchinson (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.conwayarkansas.org

Where can I find the form 990 for Conway Foundation Inc?

Conway Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.conwayarkansas.org

Learn more at the official website: www.conwayarkansas.org

Mission Statement of Conway Foundation Inc

The Conway Foundation Inc, a charitable organization, is committed to promoting educational, scientific, literary, and charitable activities. At its core, the foundation's mission lies in empowering current and aspiring entrepreneurs, innovators, and small business leaders. Through its initiatives, the Conway Foundation provides no-cost one-on-one consulting, technical assistance, subject matter expertise, and workshops, aiming to lower the barriers for starting and growing businesses.

In addition to its consulting services, the Conway Foundation operates the Arnold Innovation Center, an 11,000 square foot coworking and meeting space for small business owners and entrepreneurs. This facility serves as a hub where individuals can collaborate, start, and grow their businesses. The Kauffman Foundation played a role in supporting this mission, helping to create lower barriers for starting and growing businesses. In summary, the Conway Foundation Inc's mission is to foster a supportive environment for entrepreneurs and small business leaders, offering them the resources and tools necessary to succeed.

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Impact




October, 2024

Conway Foundation Inc significantly influences the entrepreneurial landscape in Faulkner County, Arkansas, by enhancing opportunities for current and aspiring entrepreneurs. Through their initiatives, they lower barriers to starting and growing businesses, offering vital resources like no-cost one-on-one consulting, technical assistance, and specialized workshops tailored for small business owners.

The foundation operates the Arnold Innovation Center, an 11,000 square foot coworking and meeting space that fosters collaboration and innovation among local entrepreneurs. This dynamic environment not only supports individual ventures but also cultivates a thriving community of small business leaders, enabling them to connect, share knowledge, and grow together.

By promoting charitable, scientific, literary, and educational activities, Conway Foundation Inc plays a crucial role in empowering innovators and small business leaders, ultimately contributing to the economic vitality and sustainability of the region. Their partnership with organizations like the Kauffman Foundation underscores their commitment to creating an inclusive environment where entrepreneurship can flourish, making a lasting impact on the local economy.




This information is meant to be a general summary of Conway Foundation Inc. 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.

Revenue
$284,312 (2022)
Expenses
$135,046 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $7,500
  • Gross Receipts: $309,781

Assets and Liabilities:

  • Total Assets: $683,140
  • Total Liabilities: $553,350
  • Net Assets: $129,790

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MANAGEMENT FEE

Revenue

$7,500

Organization Details

Founding Year

2009

Principal Officer

Brad Lacy

Main Address

900 OAK STREET, CONWAY, AR, 72032

NTEE Category

Code: T30 - Philanthropy

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