2024-11-15T14:05:15-06:00 2023-12-31 710817652 FROST PLLC 4375 N VANTAGE DRIVE SUITE 403 FAYETTEVILLE AR 72703 990 2023-01-01 464108871 ARKANSAS VENTURE CENTER ARKA 5014049875 417 MAIN ST LITTLE ROCK AR 72201 ARTHUR ORDUNA CHIEF EXECUTIVE OFFICER 5014049875 2024-11-15 1 0 JANET M PTACEK P00226415 4796954300 2024-11-15 2023 2024-10-15 13:58:12Z ARTHUR ORDUNA 417 MAIN ST LITTLE ROCK AR 72201 1783460 0 X VENTURECENTER.CO X 2013 AR THE VENTURE CENTER HELPS STARTUPS OBTAIN CUSTOMER VALIDATION & REACH VIABILITY THROUGH SYSTEMATIC PROGRMMING, PREMIUM MENTORSHIP THAT LEVERAGES BEST PRACTICES IN LEAN METHODOLOGY & STRATEGIC ACCELERATION WITH AN EYE ON REACHING SCALE AND CREATING MEASURABLE ECONOMIC IMPACT. 10 9 12 82 0 0 1582928 1272345 107655 114675 78192 51614 118035 2430 1886810 1441064 0 0 0 0 1089891 1032193 0 0 0 1042058 866716 2131949 1898909 -245139 -457845 3645178 3359234 355235 172477 3289943 3186757 THE VENTURE CENTER HELPS STARTUPS OBTAIN CUSTOMER VALIDATION & REACH VIABILITY THROUGH SYSTEMATIC PROGRAMMING, PREMIUM MENTORSHIP THAT LEVERAGES BEST PRACTICES IN LEAN METHODOLOGY & STRATEGIC ACCELERATION WITH AN EYE ON REACHING SCALE AND CREATING MEASURABLE ECONOMIC IMPACT. 0 0 551599 LAUNCHED FINTECH ACCELERATOR TO ASSIST ENTERPRENEURS IN THE FINTECH COMMUNITY LAUNCH THEIR COMPANIES. 239082 VINCENT FINTECH SUMMIT IS AN EXCLUSIVE EVENT THAT BRINGS TOGETHER BANK INDUSTRY LEADERS, INNOVATORS, AND INFLUENCERS FROM AROUND THE WORLD FOR TWO DAYS, LIVE DEMOS, AND UNLIMITED NETWORKING. THE ORGANIZATIONS EDUCATIONAL PROGRAMS HAVE SUBSTANTIALLY CONTRIBUTED TO THE CREATION OF MULTIPLE NEW COMPANIES. THESE PROGRAMS HAVE HELPED PEOPLE PURSUE THEIR DREAM OF OWNING THEIR OWN BUSINESS. IN ADDITION WORKSHOPS AND MIXER EVENTS FUNCTION TO SUPPORT THE NEW BUSINESSES AND LINK QUALIFIED EMPLOYEE CANDIDATES TO PROSPECTIVE EMPLOYERS. 790681 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 12 0 1 12 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 AR X THE CENTER 5014049875 417 MAIN ST LITTLE ROCK AR 72201 RAY DILLON DIRECTOR 0.30 X 0 0 0 MILLIE WARD DIRECTOR 0.30 X 0 0 0 JOHN HALEY DIRECTOR 0.30 X 0 0 0 JIM WOMBLE DIRECTOR 0.30 X 0 0 0 JAY CHESSHIR DIRECTOR 0.30 X 0 0 0 JAMES HENDREN CHAIRMAN 0.30 X X 0 0 0 COLLINS ANDREWS DIRECTOR 0.30 X 0 0 0 BILL YODER DIRECTOR 0.30 X 0 0 0 ARTHUR ORDUNA EXECUTIVE DIRECTOR 40.00 X X 175000 0 4623 175000 0 4623 3 0 1 0 0 530065 742280 45994 1272345 COMMUNITY PROGRAM 900099 74757 74757 ACCELERATOR 900099 39918 39918 114675 44172 44172 349838 342396 7442 7442 7442 MISCELLANEOUS 900099 2430 2430 2430 1441064 124547 0 44172 892314 400626 491688 73909 73909 65970 65970 494 494 32347 32347 600 600 95563 28657 66906 54102 1192 52910 1505 1505 101749 101749 55566 41378 14188 240635 240635 16725 16725 11551 11551 OTHER - IMPAIRMENT 103213 103213 PROGRAM EXPENSES 78068 78068 0 ADMINISTRATIVE FEES 74598 125 74473 1898909 790681 1108228 0 137240 112399 280000 166392 44469 23254 137828 118160 31991 19668 2903241 2889021 66980 181257 148500 3645178 3359234 43609 77869 244646 73548 66980 21060 355235 172477 X 2824798 2721612 465145 465145 3289943 3186757 3645178 3359234 X -457845 354660 -1 X 0 1 X 1 0 X 1749130 1383123 1755830 1582928 1272345 7743356 142126 107655 114675 364456 1749130 1383123 1897956 1690583 1387020 8107812 0 0 0 8107812 5321 32914 55815 44172 138222 5321 32914 55815 44172 138222 6500 116027 118035 2430 242992 1749130 1394944 2046897 1864433 1433622 8489026 0.95510 0.95880 0.01630 0.01160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 117668 100800 16868 20160 17360 2800 19668 LINE OF CREDIT 21060 21060 1795724 354660 354660 1441064 0 1441064 1898909 0 1898909 0 1898909 X 0 0 0 0 0 0 0 0 0 ARTHUR ORDUNA EXECUTIVE DIRECTOR 175000 0 0 0 0 0 0 0 4623 0 179623 0 0 0 X 1 45994 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS AT SCHEDULED BOARD MEETING AFTER RETURN IS COMPLETED BUT BEFORE FILING THE RETURN. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 WILL BE AVAILABLE FOR REVIEW IN THE ORGANIZATIONS OFFICE OR A COPY CAN BE REQUESTED AT WHICH TIME THE ORGANIZATION WILL REQUIRE THE PAYMENT OF A SMALL FEE TO COVER THE COST OF THE COPY. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 COVERS ANY DOCUMENTS THAT ARE AVAILABLE TO BE VIEWED BY THE PUBLIC. FORM 990, PART XI, LINE 9: ROUNDING -1. WE RESPECTFULLY REQUEST THAT THE FAILURE-TO-FILE PENALTY BE ABATED BASED ON THE IRS'S FIRST TIME ABATE ADMINISTRATIVE WAIVER PROCEDURES, AS DISCUSSED IN IRM 20.1.1.3.6.1, FIRST TIME ABATE (FTA). TAXPAYER MEETS FIRST-TIME PENALTY ABATEMENT CRITERIA. ACCORDING TO IRM 20.1.1.3.6, THE IRS'S REASONABLE CAUSE ASSISTANT PROVIDES AN OPTION FOR PENALTY RELIEF FOR FAILURE-TO-FILE, FAILURE-TO-PAY, AND FAILURE-TO-DEPOSIT PENALTIES IF THE TAXPAYER MEETS CERTAIN CRITERIA. THE TAXPAYER MEETS ALL OF THE FIRST-TIME PENALTY ABATEMENT CRITERIA AS FOLLOWS: (1) FILING COMPLIANCE: MUST HAVE FILED (OR FILED A VALID EXTENSION FOR) ALL REQUIRED RETURNS AND CAN'T HAVE AN OUTSTANDING REQUEST FOR A RETURN FROM THE IRS; (2) PAYMENT COMPLIANCE: MUST HAVE PAID, OR ARRANGED TO PAY ALL TAX DUE (CAN BE IN AN INSTALLMENT AGREEMENT AS LONG AS THE PAYMENTS ARE CURRENT); AND (3) CLEAN PENALTY HISTORY: HAS NO PRIOR PENALTIES (EXCEPT AN ESTIMATED TAX PENALTY) FOR THE PRECEDING THREE YEARS. WE ALSO REQUEST PENALTY ABATEMENT DUE TO REASONABLE CAUSE. DUE THE CHANGES IN PERSONNEL THE EXTENSION WAS OVERLOOKED AND THE ORGANIZATION WAS UNAWARE THAT THE EXTENSION HAD NOT BEEN FILED.