Nonprofit · EIN 46-4108871
ARKANSAS VENTURE CENTER
Tax-exempt · LITTLE ROCK, AR 72201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,169,192 | $1,302,039 | -$132,847 | $3,985,909 | $708,229 | $3,277,680 |
| December 31, 2023 | 990 | $1,441,064 | $1,898,909 | -$457,845 | $3,359,234 | $172,477 | $3,186,757 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,096,387
- of which government grants
- $880,940
- Program service revenue
- $0
- Investment income
- $69,660
- Net gain from sales of assets
- $24,307
- Other revenue
- $3,145
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $508,347
- Salaries, compensation and benefits (total)
- $876,432
- Professional fundraising fees
- $0
- Accounting fees
- $43,010
- Occupancy
- $115,895
- Travel
- $36,342
- Depreciation
- $10,992
- Program services (functional)
- $316,268
- Management and general (functional)
- $985,771
Balance sheet and other
- Total assets, start of year
- $3,359,234
- Total assets, end of year
- $3,985,909
- Total liabilities, end of year
- $708,229
- Net assets, end of year
- $3,277,680
- Land, buildings and equipment
- $13,509
- Publicly traded securities
- $3,406,163
- Net assets without donor restrictions
- $3,163,665
- Net assets with donor restrictions
- $114,015
- Gross receipts
- $1,341,803
- Employees
- 12
- Volunteers
- 75
- Year formed
- 2013
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ARTHUR ORDUNA | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $217,499 | $15,521 |
| RAY DILLON | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MILLIE WARD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| JOHN HALEY | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| JIM WOMBLE | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| JAY CHESSHIR | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| JAMES HENDREN | CHAIRMAN Trustee or director, Officer | 0.3 | $0 | $0 |
| COLLINS ANDREWS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| BILL YODER | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MIKE O'MALLEY | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ARTHUR ORDUNA | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $175,000 | $4,623 |
| RAY DILLON | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| MILLIE WARD | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| JOHN HALEY | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| JIM WOMBLE | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| JAY CHESSHIR | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| JAMES HENDREN | CHAIRMAN Trustee or director, Officer | 0.3 | $0 | $0 |
| COLLINS ANDREWS | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
| BILL YODER | DIRECTOR Trustee or director | 0.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 417 MAIN ST, LITTLE ROCK, AR 72201-3801
- In care of
- % LEE WATSON
- Mailing address (990-N for 2013)
- 1 Chamber Plaza, Little Rock AR 72201
- Principal officer (990 for 2024)
- ARTHUR ORDUNA, 417 MAIN ST, LITTLE ROCK, AR 72201
- Principal officer (990-N for 2013)
- Lee Watson, 1 Chamber Plaza, Little Rock AR 72201
- Signed the 990
- ARTHUR ORDUNA, CHIEF EXECUTIVE OFFICER
- Phone
- (501) 404-9875
- Website
- VENTURECENTER.CO
- Return prepared by
- FROST PLLC
Mission
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.
Program accomplishments
- THE VENTURE CENTER PROGRAMMED AND LAUNCHED THREE ACCELERATORS DURING THE YEAR. THE ARKANSAS BANKING SOLUTIONS ACCELERATOR/ABSA IS A CONTINUATION OF THE SUCCESSFUL FINTECH PROGRAM MATCHING FINTECH START-UPS WITH BANKS. THE VETERAN-OWNED SMALL BUSINESS ACCELERATOR/VOSB, IN PARTNERSHIP WITH THE ARKANSAS SMALL BUSINESS ADMINISTRATION, IS THE SECOND COHORT OF A TRAINING AND PROFESSIONAL EDUCATION PROGRAM HELPING VETERANS SUCCESSFULLY GROW THEIR EXISTING SMALL BUSINESSES. THE ARKANSAS LITHIUM TECHNOLOGY ACCELERATOR/ALTA, IN PARTNERSHIP WITH MAJOR ENERGY PRODUCERS, IS A NEW PROGRAM BRINGING LEADING LITHIUM ION BATTERY SUPPLY CHAIN TECHNOLOGY START-UP COMPANIES TO ARKANSAS, TO HELP BUILD A NEW LITHIUM ECONOMY IN SUPPORT OF THE NASCENT LITHIUM MINING AND REFINING INDUSTRY IN SOUTH ARKANSAS.Expenses $300,270
- THE VENTURE CENTER HELPED PROGRAM AND LAUNCH THE FIRST ARKANSAS LITHIUM INNOVATION SUMMIT, LED BY ARKANSAS COMMERCE SECRETARY HUGH MCDONALD, WITH THE GOAL OF EDUCATING THE LITHIUM/ENERGY INDUSTRY AND OTHER KEY NATIONAL AND STATE GOVERNMENT, ACADEMIC AND BUSINESS LEADERS ABOUT THE ECONOMIC POTENTIAL OF THE STATE'S LITHIUM RESERVES IN THE SMACKOVER FORMATION.Expenses $15,998
- THE VENTURE CENTER'S ENTREPRENEURSHIP AND EDUCATIONAL PROGRAMS HAVE SUBSTANTIALLY CONTRIBUTED TO THE CREATION OF MULTIPLE NEW COMPANIES, THE GROWTH OF EXISTING SMALL BUSINESSES AND THE RENEWED INNOVATION OF LARGE CORPORATIONS IN THE STATE. THE VENTURE CENTER IS ALSO FOSTERING AND GROWING A COMMUNITY OF MEMBERS, MENTORS AND PARTNERS THROUGH CURATED PROGRAMMING AND EVENTS RANGING FROM LECTURES AND WORKSHOPS TO SOCIAL AND PROFESSIONAL NETWORKING EVENTS.
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-4108871
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $3,985,909
- Income (IRS master file)
- $1,341,803
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,169,192 | $1,302,039 | $3,985,909 | IRS |
| 990 | December 2023 | $1,441,064 | $1,898,909 | $3,359,234 | XML |
| 990 | December 2022 | $1,886,810 | $2,131,949 | $3,645,178 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Lee Watson | December 31, 2013 | ≤ $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 46-4108871).
Questions about ARKANSAS VENTURE CENTER
- What is the EIN of ARKANSAS VENTURE CENTER?
- The employer identification number (EIN) of ARKANSAS VENTURE CENTER is 46-4108871.
- Is ARKANSAS VENTURE CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to ARKANSAS VENTURE CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ARKANSAS VENTURE CENTER 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 VENTURE CENTER 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 VENTURE CENTER 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 VENTURE CENTER?
- The 990 for the year ended December 31, 2024 names ARTHUR ORDUNA.
- Who are the officers and directors of ARKANSAS VENTURE CENTER?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $217,499 (ARTHUR ORDUNA, EXECUTIVE DIRECTOR).
- How much revenue does ARKANSAS VENTURE CENTER have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,169,192, expenses of $1,302,039 and total assets of $3,985,909 at year end.
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