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Nonprofit · EIN 71-0819945

ARKANSAS ECOMONIC ACCELERATION FOUNDATION

Tax-exempt · LITTLE ROCK, AR 72201

Financials

$489K$421K2023$595K$562K2024$776K$786K2025
Revenue Expenses · by fiscal year end
Financials of ARKANSAS ECOMONIC ACCELERATION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$776,199$785,561-$9,362$89,927$5,857$84,070
December 31, 2024990$594,968$562,200$32,768$94,070$638$93,432
December 31, 2023990$489,412$420,863$68,549$65,710$5,046$60,664
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$776,199
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$153,575
Other salaries and wages
$149,670
Salaries, compensation and benefits (total)
$178,928
Professional fundraising fees
$0
Accounting fees
$14,859
Travel
$137,365
Program services (functional)
$722,304
Management and general (functional)
$63,257

Balance sheet and other

Total assets, start of year
$94,070
Total assets, end of year
$89,927
Total liabilities, end of year
$5,857
Net assets, end of year
$84,070
Net assets without donor restrictions
$65,934
Net assets with donor restrictions
$18,136
Gross receipts
$776,199
Employees
0
Volunteers
75
Year formed
1999
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, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
SAM WALLS IIIPRESIDENT
Trustee or director, Officer
1$0$428,465$51,609
LESLIE LANEVICE PRESIDENT
Trustee or director, Officer
1$0$272,327$33,233
RUSH DEACONTREASURER
Trustee or director, Officer
1$0$259,004$31,287
TIFFANY HENRYSECRETARY
Trustee or director, Officer
1$0$112,131$5,607
EMILY MCELROYDIRECTOR
Trustee or director
0$0$2,050$0
SHAMIM OKOLLOHDIRECTOR
Trustee or director
0$0$1,500$0
REBECCA TODDDIRECTOR
Trustee or director
0$0$0$0
KATHLEEN LAWSONDIRECTOR
Trustee or director
0$0$0$0
990 for the year ended December 31, 2024: 6 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
SAM WALLS IIIPRESIDENT
Trustee or director, Officer
1$0$451,941$62,596
LESLIE LANEVICE PRESIDENT
Trustee or director, Officer
1$0$344,950$43,575
RUSH DEACONTREASURER
Trustee or director, Officer
1$0$248,076$30,963
TIFFANY HENRYSECRETARY
Trustee or director, Officer
1$0$94,742$5,263
REBECCA TODDDIRECTOR
Trustee or director
0$0$0$0
KATHLEEN LAWSONDIRECTOR
Trustee or director
0$0$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
SAM WALLS IIIPRESIDENT
Trustee or director, Officer
1$0$297,627$46,694
LESLIE LANEVICE PRESIDENT
Trustee or director, Officer
1$0$265,744$32,449
RUSH DEACONTREASURER
Trustee or director, Officer
1$0$208,384$27,716
DREW SPEEDCFO
Trustee or director, Officer
1$0$121,755$18,014
MARIE BRUNOSECRETARY
Trustee or director, Officer
1$0$69,718$14,963
TIFFANY HENRYSECRETARY
Trustee or director, Officer
1$0$40,731$1,421
REBECCA TODDDIRECTOR
Trustee or director
0$0$0$0
KATHLEEN LAWSONDIRECTOR
Trustee or director
0$0$0$0

Address and contacts

Address (IRS master file)
200 RIVER MARKET AVE STE 400, LITTLE ROCK, AR 72201-1766
Principal officer (990 for 2025)
SAM WALLS III, 200 RIVER MARKET AVENUE SUITE 400, LITTLE ROCK, AR 72201
Signed the 990
SAM WALLS III, CEO
Phone
(501) 374-9247
Return prepared by
HOGANTAYLOR LLP

Mission

THE ORGANIZATION PROMOTES EDUCATIONAL ACTIVITIES WHICH FOSTER ENTREPRENEURIAL DEVELOPMENT IN ARKANSAS WITH THE GOAL OF INCREASING BUSINESS STARTUP CREATION AND LEADERSHIP DEVELOPMENT.

990 for the year ended December 31, 2025

Program accomplishments

  • ANNUAL GOVERNOR'S AWARD FOR ENTREPRENEURIAL DEVELOPMENT IN ARKANSAS WHEREBY COLLEGE STUDENTS PRESENT BUSINESS PLANS FOR HYPOTHETICAL BUSINESSES; PLANS ARE JUDGED BY A PANEL OF EXPERTS AND DOLLAR AWARDS ARE PRESENTED TO WINNERS AT THE ANNUAL AWARDS LUNCHEON SUPPORTED BY THE BUSINESS COMMUNITY OF THE STATE. THE ENTITY ALSO SPONSORS A 5TH-8TH GRADE BUSINESS PLAN COMPETITION NAMED YOUTH ENTREPRENEURIAL SHOWCASE (Y.E.S.) FOR ARKANSAS.
    Expenses $576,053 · grants $153,575
  • THE ORGANIZATION HOSTED AND ORGANIZED THE EDGE SUMMIT, A CONFERENCE FOR HIGHER EDUCATION FACULTY TO LEARN ENTREPRENEURSHIP PEDAGOGICAL BEST PRACTICES AND SHARE RESOURCES AND TOOLS TO DEVELOP ENTREPRENEURIAL STUDENTS.
    Expenses $146,251

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
71-0819945
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1999
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Unknown (Z99)
Assets (IRS master file)
$89,927
Income (IRS master file)
$776,199

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$776,199$785,561$89,927XML
990December 2024$594,968$562,200$94,070XML
990December 2023$489,412$420,863$65,710XML
990December 2022$218,576$371,250$51,131IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 71-0819945).

Questions about ARKANSAS ECOMONIC ACCELERATION FOUNDATION

What is the EIN of ARKANSAS ECOMONIC ACCELERATION FOUNDATION?
The employer identification number (EIN) of ARKANSAS ECOMONIC ACCELERATION FOUNDATION is 71-0819945.
Is ARKANSAS ECOMONIC ACCELERATION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to ARKANSAS ECOMONIC ACCELERATION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does ARKANSAS ECOMONIC ACCELERATION FOUNDATION 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 ECOMONIC ACCELERATION FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ARKANSAS ECOMONIC ACCELERATION FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of ARKANSAS ECOMONIC ACCELERATION FOUNDATION?
The 990 for the year ended December 31, 2025 names SAM WALLS III.
Who are the officers and directors of ARKANSAS ECOMONIC ACCELERATION FOUNDATION?
The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does ARKANSAS ECOMONIC ACCELERATION FOUNDATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $776,199, expenses of $785,561 and total assets of $89,927 at year end.

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