Nonprofit · EIN 74-2390527
ARKANSAS INDUSTRIAL DEVELOPMENT FOUNDATION
Tax-exempt · LITTLE ROCK, AR 72203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $153,118 | $353,431 | -$200,313 | $749,825 | $10,391 | $739,434 |
| December 31, 2023 | 990 | $401,488 | $258,218 | $143,270 | $960,795 | $20,904 | $939,891 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $130,516
- Program service revenue
- $0
- Investment income
- $29,926
- Net income from fundraising events
- -$7,324
- Other revenue
- -$7,324
Expenses
- Grants and similar amounts paid
- $28,700
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $15,376
- Travel
- $15,413
- Depreciation
- $9,328
- Program services (functional)
- $334,530
- Management and general (functional)
- $18,901
Balance sheet and other
- Total assets, start of year
- $960,795
- Total assets, end of year
- $749,825
- Total liabilities, end of year
- $10,391
- Net assets, end of year
- $739,434
- Land, buildings and equipment
- $7,775
- Publicly traded securities
- $515,059
- Net assets without donor restrictions
- $739,434
- Gross receipts
- $160,442
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1955
- 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 |
|---|---|---|---|
| GUS VRATSINAS | PRESIDENT Trustee or director, Officer | 2 | $0 |
| MIKE PRESTON | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 |
| MIKE AKIN | BOARD MEMBER Trustee or director | 0 | $0 |
| ALEC FARMER | BOARD MEMBER Trustee or director | 0 | $0 |
| MARK YOUNG | SECRETARY Trustee or director, Officer | 1 | $0 |
| ARCHIE SCHAFFER III | BOARD MEMBER Trustee or director | 0 | $0 |
| RANDY ZOOK | BOARD MEMBER Trustee or director | 0 | $0 |
| WILLIAM ROCKEFELLER | BOARD MEMBER Trustee or director | 0 | $0 |
| LANG ZIMMERMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| ANNEMARIE DILLARD JAZIC | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GUS VRATSINAS | PRESIDENT Trustee or director, Officer | 2 | $0 |
| FRANK THOMAS | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 |
| MIKE AKIN | BOARD MEMBER Trustee or director | 0 | $0 |
| ALEC FARMER | BOARD MEMBER Trustee or director | 0 | $0 |
| MARK YOUNG | SECRETARY Trustee or director, Officer | 1 | $0 |
| ARCHIE SCHAFFER III | BOARD MEMBER Trustee or director | 0 | $0 |
| MICHAEL LINDSEY | BOARD MEMBER Trustee or director | 0 | $0 |
| WILLIAM ROCKEFELLER | BOARD MEMBER Trustee or director | 0 | $0 |
| LANG ZIMMERMAN | BOARD MEMBER Trustee or director | 0 | $0 |
| MIKE CARROLL | TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1784, LITTLE ROCK, AR 72203-1784
- Principal officer (990 for 2024)
- GUS VRATSINAS, 2200 N RODNEY PARHAM RD STE 206, LITTLE ROCK, AR 72212
- Signed the 990
- GUS VRATSINAS, PRESIDENT
- Phone
- (501) 476-0808
- Return prepared by
- HCJ CPAS & ADVISORS PLLC
Mission
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 ARKANSAS.Expenses $334,530 · grants $28,700
- MADE CONTRIBUTIONS TO ORGANIZATION THAT WORK TO ATTRACT PROSPECTIVE BUSINESSES, AND PROMOTE ECONOMIC DEVELOPMENT IN ARKANSAS.
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
- 74-2390527
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1955
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $749,825
- Income (IRS master file)
- $160,442
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $153,118 | $353,431 | $749,825 | XML |
| 990 | December 2023 | $401,488 | $258,218 | $960,795 | XML |
| 990 | December 2022 | $403,205 | $319,030 | $827,243 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 74-2390527).
Questions about ARKANSAS INDUSTRIAL DEVELOPMENT FOUNDATION
- What is the EIN of ARKANSAS INDUSTRIAL DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of ARKANSAS INDUSTRIAL DEVELOPMENT FOUNDATION is 74-2390527.
- Is ARKANSAS INDUSTRIAL DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1955.
- Are donations to ARKANSAS INDUSTRIAL DEVELOPMENT FOUNDATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ARKANSAS INDUSTRIAL DEVELOPMENT 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 INDUSTRIAL DEVELOPMENT FOUNDATION 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 DEVELOPMENT FOUNDATION 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 INDUSTRIAL DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 names GUS VRATSINAS.
- Who are the officers and directors of ARKANSAS INDUSTRIAL DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does ARKANSAS INDUSTRIAL DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $153,118, expenses of $353,431 and total assets of $749,825 at year end.
Other nonprofits in LITTLE ROCK
- BAPTIST HEALTH EIN 71-0236856 · last filed 990 for 2024
- ARKANSAS CHILDRENS HOSPITAL EIN 71-0236857 · last filed 990 for 2025
- CENTRAL ARKANSAS RADIATION THERAPY INSTITUTE INC EIN 71-0437657 · last filed 990 for 2025
- SOUTHWEST POWER POOL INC EIN 71-0748158 · last filed 990 for 2024
- JESUS FUND EIN 86-1108441 · last filed 990-PF for 2025
- ARKANSAS HEALTH GROUP EIN 71-0781138 · last filed 990 for 2024
- HEIFER PROJECT INTERNATIONAL EIN 35-1019477 · last filed 990 for 2025
- ARKANSAS COMMUNITY FOUNDATION INC EIN 52-1055743 · last filed 990 for 2025