Overview
What is Arkansas Capital Corporation?
Arkansas Capital Corporation is a private, tax-exempt non-profit organization situated in Little Rock, Arkansas. Its primary mission is to stimulate and advance the economic growth of Arkansas and bordering states by providing financing for the expansion of local enterprises. The corporation achieves this goal through intermediate and long-term loans, aiming to boost business activities in the state. Additionally, Arkansas Capital Corporation engages in various economic development activities through affiliated companies, further enhancing the prosperity of the region. With a team of 24 employees, the organization is dedicated to promoting entrepreneurship and fostering a thriving business environment in Arkansas.
Official website here: www.arcapital.com
Is Arkansas Capital Corporation legitimate?
Arkansas Capital Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Arkansas Capital Corporation 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: $2,112,965
Professional Fundraising Fees: $0
Other Salaries and Wages: $675,233
For more financial information, click here
Official website here: www.arcapital.com
What is the mission statement of Arkansas Capital Corporation?
Arkansas Capital Corporation is a non-profit organization with a mission to stimulate and advance economic prosperity in Arkansas and bordering states. Primarily, it achieves this by providing long-term loans to expand local enterprises. Furthermore, the corporation engages in various economic development activities through affiliated companies, contributing to the overall growth of the state's businesses. Arkansas Capital Corporation, as a tax-exempt entity, primarily operates to promote entrepreneurship and economic growth within the state, also performing any permissible activities under Section 501(C)(6) of the Internal Revenue Code or its corresponding provision in future United States internal revenue law.
Official website here: www.arcapital.com
Who is the CEO of Arkansas Capital Corporation?
Sam Walls Iii is the Chairman of Arkansas Capital Corporation. The CEO's salary of Arkansas Capital Corporation is $340,504 and their total compensation is $385,173.
Official website here: www.arcapital.com
What is the revenue of Arkansas Capital Corporation?
Arkansas Capital Corporation's revenue in 2022 was $6,212,873.
Official website here: www.arcapital.com
Who are the executives of Arkansas Capital Corporation and what are their salaries?
The average compensation at Arkansas Capital Corporation during 2022 was $116,175. There are 24 employees and 16 volunteers at Arkansas Capital Corporation.
Here are 30 key members and their salaries (Arkansas Capital Corporation's CEO's salary is $340,504 and their total compensation is $385,173):
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- Compensation: $340,504
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- Other: $44,669
- Compensation: $171,334
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- Other: $25,475
- Compensation: $266,729
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- Other: $24,635
- Compensation: $152,609
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- Other: $28,004
- Compensation: $121,834
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- Other: $24,551
- Compensation: $108,317
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- Other: $26,002
- Compensation: $116,723
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- Other: $6,873
- Compensation: $163,290
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- Other: $24,920
- Compensation: $76,272
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- Other: $8,998
- Compensation: $58,234
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- Other: $18,709
- Compensation: $42,278
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- Other: $4,619
- Compensation: $55,738
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- Other: $2,250
- Compensation: $70,245
- Related: $0
- Other: $7,841
Official website here: www.arcapital.com
Where can I find the form 990 for Arkansas Capital Corporation?
Arkansas Capital Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arcapital.com
Learn more at the official website: www.arcapital.com
Mission Statement of Arkansas Capital Corporation
Arkansas Capital Corporation, a private, tax-exempt non-profit organization, is primarily focused on assisting in the economic development of Arkansas primarily through providing intermediate and long-term loans for the expansion of local enterprises. Additionally, the corporation engages in other economic development activities through affiliated companies. Its main objective is to promote business prosperity and economic welfare within the state of Arkansas and its bordering states. By offering financing for various business activities, Arkansas Capital Corporation plays a significant role in stimulating entrepreneurship and driving economic growth within the state.
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Impact
October, 2024
Arkansas Capital Corporation plays a significant role in enhancing the economic landscape of Arkansas and its neighboring states. Through its focus on providing financing, it stimulates business prosperity and economic welfare. The corporation primarily offers intermediate and long-term loans aimed at supporting the growth and expansion of Arkansas-based enterprises.
By engaging in various activities that foster economic development, Arkansas Capital Corporation not only assists individual businesses but also contributes to a broader community improvement strategy. This holistic approach not only aids businesses in scaling their operations but also ultimately nurtures job creation and economic revitalization within the region. Through its commitment to entrepreneurship and resource provision, Arkansas Capital Corporation actively shapes a more vibrant and sustainable economic environment in Arkansas.
This information is meant to be a general summary of Arkansas Capital Corporation. 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: $27,889
- Program Service Revenue: $2,851,603
- Gross Receipts: $6,212,873
Assets and Liabilities:
- Total Assets: $24,035,147
- Total Liabilities: $6,206,363
- Net Assets: $17,828,784
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT, ADVISORY & OTHER FEES
Revenue
$1,526,519
LOAN INTEREST INCOME
Revenue
$1,295,084
REGIONAL CENTER FEE INCOME
Revenue
$30,000
Organization Details
Founding Year
1957
Phone
(501) 374-9247Principal Officer
Sam Walls Iii
Main Address
200 RIVER MARKET AVE SUITE 400, LITTLE ROCK, AR, 72201
Website
www.arcapital.comNTEE Category
Code: S30 - Community improvement
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