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Nonprofit · EIN 71-0537626

SOUTH ARKANSAS VENTURE ENTERPRISES INC

Tax-exempt · PINE BLUFF, AR 71601

Financials

$1M$208K2022$207K$303K2023$88K$274K2024
Revenue Expenses · by fiscal year end
Financials of SOUTH ARKANSAS VENTURE ENTERPRISES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$88,150$273,648-$185,498$2,812,609$0$2,812,609
December 31, 2023990$206,930$303,105-$96,175$2,998,107$0$2,998,107
December 31, 2022990 (amended)$1,005,763$207,627$798,136$3,094,282$0$3,094,282
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$88,001
Investment income
$149
Other revenue
$0

Expenses

Grants and similar amounts paid
$6,701
Other salaries and wages
$12,357
Salaries, compensation and benefits (total)
$12,357
Professional fundraising fees
$0
Accounting fees
$43,520
Travel
$116
Program services (functional)
$242,333
Management and general (functional)
$31,315

Balance sheet and other

Total assets, start of year
$2,998,107
Total assets, end of year
$2,812,609
Total liabilities, end of year
$0
Net assets, end of year
$2,812,609
Gross receipts
$88,150
Employees
0
Volunteers
7
Year formed
1979
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 / weekCompensationFrom related orgs
PATRECIA HARGROVETREASURER AND Executive Director
Trustee or director, Officer
4$0$111,081
GREGG REEPPRESIDENT
Trustee or director, Officer
4$0$0
JOE FAKOURIVICE PRESIDENT
Trustee or director, Officer
4$0$0
MACK BALL JRSECRETARY
Trustee or director, Officer
4$0$0
CODY HOLLISBOARD MEMBER
Trustee or director
4$0$0
NEAL MAYNARDBOARD MEMBER
Trustee or director
4$0$0
PAUL CARTERBOARD MEMBER
Trustee or director
4$0$0
SAMMY OWENBOARD MEMBER
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
GREG REEPPRESIDENT
Trustee or director, Officer
4$0
JOE FAKOURIVICE PRESIDENT
Trustee or director, Officer
4$0
MACK BALL JRSECRETARY
Trustee or director, Officer
4$0
PATRECIA HARGROVETREASURER
Trustee or director, Officer
4$0
CODY HOLLISBOARD MEMBER
Trustee or director
4$0
NEAL MAYNARDBOARD MEMBER
Trustee or director
4$0
PAUL CARTERBOARD MEMBER
Trustee or director
4$0
SAMMY OWNEBOARD MEMBER
Trustee or director
4$0
990 for the year ended December 31, 2022: 9 people
NameTitleHours / weekCompensation
NEAL MAYNARDBOARD MEMBER
Trustee or director, Officer
4$0
PATRECIA HARGROVETRESURER
Institutional trustee
4$0
MACK BALL JRSECRETARY
Officer
4$0
GREGG REEPPRESIDENT
Officer
4$0
JOE FAKOURIVICE PRESIDENT
Officer
4$0
SAMMY OWNEBOARD MEMBER
Officer
4$0
NEAL MAYNARDBOARD MEMBER
Officer
4$0
CODY HOLLISBOARD MEMBER
Officer
4$0
PAUL CARTERBOARD MEMBER
Officer
4$0

Address and contacts

Address (IRS master file)
721 S WALNUT ST, PINE BLUFF, AR 71601-4950
In care of
% PAYTON BURGESS
Principal officer (990 for 2024)
Patrecia Hargrove, 721 S WALNUT ST, PINE BLUFF, AR 71601
Signed the 990
PATRECIA HARGROVE, EXECUTIVE DIRECTOR
Phone
(870) 536-1971
Return prepared by
Forvis Mazars LLP

Mission

THE RLF PROGRAM WAS CREATED TO ASSIST ELIGIBLE SMALL BUSINESSES IN ARKANSAS, ASHLEY, BRADLEY, CHICOT, CLEVELAND, DESHA, DREW, GRANT, JEFFERSON, AND LINCOLN COUNTIES BY PROVIDING GAP FINANCING WITH LOW INTEREST RATES AND FAVORABLE TERMS.

990 for the year ended December 31, 2024

Program accomplishments

  • GRANTED OVER $714,000 WORTH OF LOANS FOR OUR DISTRICT AREA. DEVELOPMENT BY PROVIDING DEBT FINANCING TO BUSINESSES IN SOUTHEAST ARKANSAS
    Expenses $242,333 · grants $6,701 · revenue $88,001

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
71-0537626
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1982
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,812,609
Income (IRS master file)
$88,150

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$88,150$273,648$2,812,609XML
990December 2023$206,930$303,105$2,998,107XML
990December 2022$1,005,763$207,627$3,094,282XML
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 71-0537626).

Questions about SOUTH ARKANSAS VENTURE ENTERPRISES INC

What is the EIN of SOUTH ARKANSAS VENTURE ENTERPRISES INC?
The employer identification number (EIN) of SOUTH ARKANSAS VENTURE ENTERPRISES INC is 71-0537626.
Is SOUTH ARKANSAS VENTURE ENTERPRISES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1982.
Are donations to SOUTH ARKANSAS VENTURE ENTERPRISES INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SOUTH ARKANSAS VENTURE ENTERPRISES 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 SOUTH ARKANSAS VENTURE ENTERPRISES 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 SOUTH ARKANSAS VENTURE ENTERPRISES 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 SOUTH ARKANSAS VENTURE ENTERPRISES INC?
The 990 for the year ended December 31, 2024 names Patrecia Hargrove.
Who are the officers and directors of SOUTH ARKANSAS VENTURE ENTERPRISES INC?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does SOUTH ARKANSAS VENTURE ENTERPRISES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $88,150, expenses of $273,648 and total assets of $2,812,609 at year end.

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