Nonprofit · EIN 27-2775803
ARKANSAS INDUSTRIAL AND ECONOMIC DEVELOPMENT FOUNDATION INC
Tax-exempt · LITTLE ROCK, AR 72203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $26,200 | $83,717 | -$57,517 | $1,133 | $0 | $1,133 |
| December 31, 2023 | 990-EZ | $122,500 | $72,051 | $50,449 | $58,650 | $0 | $58,650 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $26,200
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $83,717
- Program services (functional)
- $80,000
Balance sheet and other
- Total assets, start of year
- $58,650
- Total assets, end of year
- $1,133
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,133
- Cash, savings and investments
- $1,133
- Gross receipts
- $26,200
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE AKIN | BOARD MEMBER | 0 | $0 |
| WILLIAM ROCKEFELLER | BOARD MEMBER | 0 | $0 |
| ARCHIE SCHAFFER III | BOARD MEMBER | 0 | $0 |
| GUS VRATSINAS | PRESIDENT | 0 | $0 |
| MARK YOUNG | SECRETARY | 0 | $0 |
| LANG ZIMMERMAN | TREASURER | 0 | $0 |
| ALEC FARMER | BOARD MEMBER | 0 | $0 |
| ANNEMARIE DILLARD JAZIC | BOARD MEMBER | 0 | $0 |
| MIKE PRESTON | VICE PRESIDENT | 0 | $0 |
| RANDY ZOOK | BOARD MEMBER | 0 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE AKIN | BOARD MEMBER | 0 | $0 |
| MIKE CARROLL | TREASURER | 0 | $0 |
| MICHAEL LINDSEY | BOARD MEMBER | 0 | $0 |
| WILLIAM ROCKEFELLER | BOARD MEMBER | 0 | $0 |
| ARCHIE SCHAFFER III | BOARD MEMBER | 0 | $0 |
| FRANK THOMAS | VICE PRESIDENT | 0 | $0 |
| GUS VRATSINAS | PRESIDENT | 0 | $0 |
| MARK YOUNG | SECRETARY | 0 | $0 |
| LANG ZIMMERMAN | BOARD MEMBER | 0 | $0 |
| GARY SEWELL | BOARD MEMBER | 0 | $0 |
| NANCY MCNEW | BOARD MEMBER | 0 | $0 |
| TIM ALLEN | BOARD MEMBER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1784, LITTLE ROCK, AR 72203-1784
- Mailing address (990-N for 2014)
- 2200 NORTH RODNEY PARHAM NO 206, LITTLE ROCK AR 72212
- Principal officer (990-N for 2014)
- GUS VRATSINAS, PO BOX 1784, LITTLE ROCK AR 72203
- Signed the 990-EZ
- GUS VRATSINAS, PRESIDENT
- Phone
- (501) 682-7354
- Return prepared by
- HCJ CPAS & ADVISORS PLLC
Mission
THE ORGANIZATION IS ORGANIZED FOR THE EXCLUSIVE BENEFIT OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION. THE ORGANIZATION WILL SUPPLEMENT APPROPRIATIONS BY THE STATE LEGISLATURE FOR DEVELOPMENT OF THE STATE'S RESOURCES AND ATTRACTING NEW BUSINESSES TO THE STATE OF ARKANSAS.
Program accomplishments
- ORGANIZED SEVERAL EVENTS TO ATTRACT PROSPECTIVE BUSINESSES, AND PROMOTE ECONOMIC DEVELOPMENT IN ARKANSASExpenses $80,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 27-2775803
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S11)
- Assets (IRS master file)
- $1,133
- Income (IRS master file)
- $26,200
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $26,200 | $83,717 | $1,133 | IRS |
| 990-EZ | December 2023 | $122,500 | $72,051 | $58,650 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: GUS VRATSINAS | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-2775803).
Questions about ARKANSAS INDUSTRIAL AND ECONOMIC DEVELOPMENT FOUNDATION INC
- What is the EIN of ARKANSAS INDUSTRIAL AND ECONOMIC DEVELOPMENT FOUNDATION INC?
- The employer identification number (EIN) of ARKANSAS INDUSTRIAL AND ECONOMIC DEVELOPMENT FOUNDATION INC is 27-2775803.
- Is ARKANSAS INDUSTRIAL AND ECONOMIC DEVELOPMENT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to ARKANSAS INDUSTRIAL AND ECONOMIC DEVELOPMENT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does ARKANSAS INDUSTRIAL AND ECONOMIC DEVELOPMENT FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ARKANSAS INDUSTRIAL AND ECONOMIC DEVELOPMENT FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ARKANSAS INDUSTRIAL AND ECONOMIC DEVELOPMENT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of ARKANSAS INDUSTRIAL AND ECONOMIC DEVELOPMENT FOUNDATION INC?
- The 990-N for 2014 names GUS VRATSINAS.
- Who are the officers and directors of ARKANSAS INDUSTRIAL AND ECONOMIC DEVELOPMENT FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does ARKANSAS INDUSTRIAL AND ECONOMIC DEVELOPMENT FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $26,200, expenses of $83,717 and total assets of $1,133 at year end.
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