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Nonprofit · EIN 45-4555669

ARKANSAS ADVANCED ENERGY FOUNDATION INC

Tax-exempt · LITTLE ROCK, AR 72201

Financials

$452K$289K2023$1.1M$418K2024
Revenue Expenses · by fiscal year end
Financials of ARKANSAS ADVANCED ENERGY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,052,595$418,484$634,111$859,012$676$858,336
December 31, 2023990$451,535$288,951$162,584$224,901$676$224,225
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,052,595
of which government grants
$75,000
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$90,606
Other salaries and wages
$48,877
Salaries, compensation and benefits (total)
$139,483
Professional fundraising fees
$0
Legal fees
$81,881
Accounting fees
$7,220
Occupancy
$2,957
Travel
$11,177
Program services (functional)
$308,716
Management and general (functional)
$109,768

Balance sheet and other

Total assets, start of year
$224,901
Total assets, end of year
$859,012
Total liabilities, end of year
$676
Net assets, end of year
$858,336
Net assets without donor restrictions
$858,336
Gross receipts
$1,052,595
Employees
0
Year formed
2011
State of legal domicile
AR

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LAUREN WALDRIPEXECUTIVE DI
Officer
20$90,606
STEVE CHRISSBOARD MEMBER
Officer
–$0
ADAM FOGLEMANBOARD MEMBER
Officer
–$0
ELSTON B FORTEBOARD MEMBER
Officer
–$0
GLEN HOOKSBOARD MEMBER
Officer
–$0
CHRIS KELLBOARD MEMBER
Officer
–$0
PETER NIERENGARTENBOARD MEMBER
Officer
–$0
WES PREWETTBOARD MEMBER
Officer
–$0
FLINT RICHTERBOARD MEMBER
Officer
–$0
GARRY RODGERBOARD MEMBER
Officer
–$0
SKIP WOESSNERBOARD MEMBER
Officer
–$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationOther / benefits
LAUREN WALDRIPEXECUTIVE DI
Officer
20$88,058$3,644
STEVE CHRISSBOARD MEMBER
Officer
5$0$0
ADAM FOGLEMANBOARD MEMBER
Officer
5$0$0
ELSTON B FORTEBOARD MEMBER
Officer
5$0$0
DOUG HUTCHINGSBOARD MEMBER
Officer
5$0$0
GARY MOODYBOARD MEMBER
Officer
5$0$0
PETER NIERENGARTENBOARD MEMBER
Officer
5$0$0
FLINT RICHTERBOARD MEMBER
Officer
5$0$0

Address and contacts

Address (IRS master file)
411 S VICTORY 207, LITTLE ROCK, AR 72201-2933
Principal officer (990 for 2024)
LAUREN WALDRIP
Signed the 990
LAUREN WALDRIP, EXECUTIVE DIRECTOR
Phone
(501) 712-3186
Return prepared by
RASCO WINTER THOMAS GROUP

Mission

PROMOTE ADVANCED ENERGY AWARENESS

990 for the year ended December 31, 2024

Program accomplishments

  • ESTABLISH AND MAINTAIN FORUMS, SEMINARS, WORKSHOPS, TECH FAIRS AND CONFERENCES TO DEMONSTRATE AND PROMOTE ADVANCED ENERGY SOLUTIONS, ENCOURAGE OTHERS TO CONSUME, INVEST IN OR COMMERCIALIZE THESE SOLUTIONS SO ARKANSAS' ECONOMY WILL GROW.
    Expenses $308,716
  • ORGANIZE AND REGULARLY CONVENE STATE ECONOMIC DEVELOPMENT AND WORKFORCE PLANNERS, RESEARCHERS AND THOUGHT LEADERS IN ORDER TO EXAMINE BEST PRACTICES TO ENCOURAGE INNOVATION AND ENTREPRENEURSHIP IN THE ADVANCED ENERGY SECTOR.
  • TO COMMISSION OR PRODUCE AND PUBLISH ANALYTICAL STUDIES AND DATA REGARDING THE STATUS OF PAST PERFORMANCE AND POTENTIAL OF THE ADVANCED ENERGY SECTOR FOR PUBLIC EDUCATION AND FOR UTILIZATION BY POLICY MAKERS WHILE CONSIDERING FUTURE ARKANSAS ENERGY POLICY.
  • THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY, OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT. THE ORGANIZAITON, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY, OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-4555669
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2013
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Environment (C05)
Assets (IRS master file)
$859,012
Income (IRS master file)
$1,052,595

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,052,595$418,484$859,012XML
990December 2023$451,535$288,951$224,901XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS

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 45-4555669).

Questions about ARKANSAS ADVANCED ENERGY FOUNDATION INC

What is the EIN of ARKANSAS ADVANCED ENERGY FOUNDATION INC?
The employer identification number (EIN) of ARKANSAS ADVANCED ENERGY FOUNDATION INC is 45-4555669.
Is ARKANSAS ADVANCED ENERGY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to ARKANSAS ADVANCED ENERGY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ARKANSAS ADVANCED ENERGY FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ARKANSAS ADVANCED ENERGY 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 ADVANCED ENERGY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ARKANSAS ADVANCED ENERGY FOUNDATION INC?
The 990 for the year ended December 31, 2024 names LAUREN WALDRIP.
Who are the officers and directors of ARKANSAS ADVANCED ENERGY FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $90,606 (LAUREN WALDRIP, EXECUTIVE DI).
How much revenue does ARKANSAS ADVANCED ENERGY FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,052,595, expenses of $418,484 and total assets of $859,012 at year end.

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