Overview
What is Arkansas Economic Acceleration Fdn?
Arkansas Economic Acceleration Foundation is a nonprofit organization based in Little Rock, Arkansas. Their primary mission is to promote educational activities that foster entrepreneurial development within the state. This includes an annual event where college students present business plans for hypothetical businesses, with winners receiving monetary awards. Furthermore, they organize a competition named Youth Entrepreneurial Showcase (Y.E.S.) for 5th to 8th graders, aiming to inspire entrepreneurial spirit among younger generations. By supporting these initiatives, the foundation aims to increase business startup creation and leadership development in Arkansas.
Official website here: www.arcapital.com/entrepreneurship
Is Arkansas Economic Acceleration Fdn legitimate?
Arkansas Economic Acceleration Fdn is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arkansas Economic Acceleration Fdn 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: $96,115
For more financial information, click here
Official website here: www.arcapital.com/entrepreneurship
What is the mission statement of Arkansas Economic Acceleration Fdn?
The Arkansas Economic Acceleration Foundation's mission is to encourage entrepreneurial development in Arkansas. They achieve this by promoting educational activities, with the ultimate goal of increasing business startup creation and leadership development. The organization hosts an annual award event for entrepreneurial development, where college students present business plans for hypothetical businesses. The plans are judged by a panel of experts, and financial awards are presented to the winners at the awards luncheon, which is supported by the state's business community. Additionally, the foundation sponsors a business plan competition for 5th to 8th grade students called the Youth Entrepreneurial Showcase (Y.E.S.).
Official website here: www.arcapital.com/entrepreneurship
Who is the CEO of Arkansas Economic Acceleration Fdn?
Sam Walls Iii is the President of Arkansas Economic Acceleration Fdn.
Official website here: www.arcapital.com/entrepreneurship
What is the revenue of Arkansas Economic Acceleration Fdn?
Arkansas Economic Acceleration Fdn's revenue in 2022 was $218,576.
Official website here: www.arcapital.com/entrepreneurship
Who are the executives of Arkansas Economic Acceleration Fdn and what are their salaries?
There 2 volunteers at Arkansas Economic Acceleration Fdn.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $340,504
- Other: $44,669
- Compensation: $0
- Related: $266,729
- Other: $24,635
- Compensation: $0
- Related: $91,644
- Other: $9,612
- Compensation: $0
- Related: $171,334
- Other: $25,475
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.arcapital.com/entrepreneurship
Where can I find the form 990 for Arkansas Economic Acceleration Fdn?
Arkansas Economic Acceleration Fdn's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arcapital.com/entrepreneurship
Learn more at the official website: www.arcapital.com/entrepreneurship
Mission Statement of Arkansas Economic Acceleration Fdn
The Arkansas Economic Acceleration Foundation, often abbreviated as AEAF, is dedicated to promoting educational activities that foster entrepreneurial development in Arkansas. Their mission is to encourage the creation of new businesses and enhance leadership skills within the state. One of their primary initiatives is the Annual Governor's Award for Entrepreneurial Development in Arkansas. During this event, college students present business plans for hypothetical businesses. A panel of experts evaluates these plans, and monetary awards are presented to the winners at the annual awards luncheon, which is supported by the business community of the state. Additionally, AEAF sponsors a 5th-8th grade business plan competition named the Youth Entrepreneurial Showcase (Y.E.S.) for Arkansas, providing an early platform for young entrepreneurs to showcase their ideas and skills.
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Impact
October, 2024
Arkansas Economic Acceleration Foundation significantly impacts entrepreneurial development in Arkansas by promoting educational initiatives that inspire innovation and business creation. One of its hallmark programs is the Annual Governor's Award for Entrepreneurial Development, which encourages college students to design and present hypothetical business plans. This initiative not only cultivates entrepreneurial skills among young adults but also engages a panel of experts who evaluate these plans, providing valuable feedback and recognition to the participants.
Additionally, the foundation sponsors the Youth Entrepreneurial Showcase (Y.E.S.), a competition targeting middle school students. By introducing entrepreneurship concepts at an early age, it fosters a culture of creativity and business acumen among the youth in Arkansas, potentially leading to a new generation of entrepreneurs.
Through these programs, the foundation plays a crucial role in increasing business startup creation and leadership development within the state. By nurturing talent and providing platforms for aspiring business leaders, it contributes to a more dynamic and economically vibrant Arkansas.
This information is meant to be a general summary of Arkansas Economic Acceleration Fdn. 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: $76
- Program Service Revenue: $8,000
- Gross Receipts: $218,576
Assets and Liabilities:
- Total Assets: $51,131
- Total Liabilities: $59,016
- Net Assets: -$7,885
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE INCOME
Revenue
$8,000
Organization Details
Founding Year
1999
Phone
(501) 374-9247Principal Officer
Sam Walls Iii
Main Address
200 RIVER MARKET AVENUE SUITE 400, LITTLE ROCK, AR, 72201
NTEE Category
Code: Z99 - Unknown
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