Arkansas Economic Development Foundation

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

EIN: 742390527 ✦ Little rock, AR ✦ Designated as a 501(c)(6)

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Overview

What is Arkansas Economic Development Foundation?

The Arkansas Economic Development Foundation, situated in Little Rock, Arkansas, serves as a driving force for economic growth in the state. Their primary mission involves supplementing funds allocated by the state legislature for resource development and attracting new businesses to Arkansas. To achieve this, the foundation organizes various events to entice prospective businesses, thereby stimulating economic progress within the state.

Is Arkansas Economic Development Foundation legitimate?

Arkansas Economic Development Foundation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Arkansas Economic Development Foundation 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

What is the mission statement of Arkansas Economic Development Foundation?

The Arkansas Economic Development Foundation's mission is centered around supplementing funds allocated by the state legislature, aiming to enhance the development of the state's resources and attract new businesses to Arkansas. This organization plays a crucial role in fostering economic growth within the state. To achieve this, they organize various events to attract potential businesses and stimulate economic development in Arkansas.

Who is the CEO of Arkansas Economic Development Foundation?

Gus Vratsinas is the President of Arkansas Economic Development Foundation.

What is the revenue of Arkansas Economic Development Foundation?

Arkansas Economic Development Foundation's revenue in 2022 was $403,205.

Who are the executives of Arkansas Economic Development Foundation and what are their salaries?

There 10 volunteers at Arkansas Economic Development Foundation.


Here are 10 key members and their salaries:


Gus Vratsinas (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Thomas (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Carroll (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Akin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Niel Crowson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Young (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Archie Schaffer Iii (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Lindsey (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Rockefeller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lang Zimmerman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Arkansas Economic Development Foundation?

Arkansas Economic Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Arkansas Economic Development Foundation

The Arkansas Economic Development Foundation's mission, as described, involves supplementing appropriations made by the state legislature for the development of the state's resources and the attraction of new businesses to Arkansas. In simpler terms, this nonprofit organization plays a crucial role in enhancing the state's resources and enticing new businesses to establish their operations in Arkansas. By doing so, it contributes to the overall economic growth and development of the state. The foundation has been actively engaged in organizing events to attract potential businesses, thereby promoting economic development within Arkansas.

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Impact




October, 2024

The Arkansas Economic Development Foundation plays a crucial role in enhancing the state's economic landscape by supplementing legislative appropriations aimed at developing Arkansas's resources and attracting new businesses. Through organized events, the foundation actively engages with prospective businesses, promoting the benefits of investing in the state. Its initiatives foster community improvement and drive economic growth, positioning Arkansas as an appealing destination for business development. This concerted effort not only stimulates local economies but also facilitates the creation of jobs and enhances the quality of life for residents across the state.




This information is meant to be a general summary of Arkansas Economic Development Foundation. 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
$403,205 (2022)
Expenses
$319,030 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $771
  • Gross Receipts: $456,829

Assets and Liabilities:

  • Total Assets: $827,243
  • Total Liabilities: $30,622
  • Net Assets: $796,621

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Organization Details

Founding Year

1955

Principal Officer

Gus Vratsinas

Main Address

PO BOX 1784, LITTLE ROCK, AR, 72203

NTEE Category

Code: S30 - Community improvement

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