2023-11-14T16:40:22-06:00 2022-12-31 710650689 HCJ CPAS & ADVISORS PLLC 11025 ANDERSON DRIVE SUITE 300 LITTLE ROCK AR 722122472 990 2022-01-01 710819945 ARKANSAS ECONOMIC ACCELERATION FDN ARKA 5013749247 200 RIVER MARKET AVENUE SUITE 400 LITTLE ROCK AR 72201 SAM WALLS III PRESIDENT 5013749247 2023-11-14 1 SAM WALLS III 999009999 0 BRENT SHARPMACK P01340663 5012211000 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SAM WALLS III 200 RIVERMARKET AVE SUITE 400 LITTLE ROCK AR 72201 218576 0 X ARCAPITAL.COM/ENTREPRENEURSHIP X 1999 AR TO PROMOTE EDUCATIONAL ACTIVITIES WHICH FOSTER ENTREPRENEURIAL DEVELOPMENT IN ARKANSAS. 5 2 0 2 0 0 288020 210500 8000 8000 137 76 0 0 296157 218576 107500 105950 0 0 126526 125568 0 0 0 43444 139732 277470 371250 18687 -152674 146630 51131 1841 59016 144789 -7885 THE ORGANIZATION PROMOTES EDUCATIONAL ACTIVITIES WHICH FOSTER ENTREPRENEURIAL DEVELOPMENT IN ARKANSAS WITH THE GOAL OF INCREASING BUSINESS STARTUP CREATION AND LEADERSHIP DEVELOPMENT. 0 0 328835 105950 8000 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. 328835 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 30 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 2 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 AR X DREW SPEED 5013749247 200 RIVER MARKET AVENUE SUITE 400 LITTLE ROCK AR 72201 SAM WALLS III PRESIDENT 1.00 40.00 X X 0 340504 44669 LESLIE LANE VICE PRESIDENT 1.00 40.00 X X 0 266729 24635 MARIE BRUNO SECRETARY 1.00 40.00 X X 0 91644 9612 RUSH DEACON TREASURER 1.00 40.00 X X 0 171334 25475 KATHLEEN LAWSON DIRECTOR 0.00 X 0 0 0 REBECCA TODD DIRECTOR 0.00 X 0 0 0 DREW SPEED DIRECTOR 0.00 X 0 0 0 0 870211 104391 0 0 1 0 0 210500 210500 MANAGEMENT FEE INCOME 8000 8000 8000 76 76 218576 8000 0 76 105950 105950 96115 72086 24029 9612 7209 2403 12868 9651 3217 6973 5230 1743 7500 7500 12600 12600 13225 13225 5225 3890 1335 4814 2861 1953 8541 8306 235 87827 87827 371250 328835 42415 0 135733 47781 100 10897 3250 146630 51131 1841 59016 1841 59016 X 54699 -31229 90090 23344 144789 -7885 146630 51131 -152674 0 X 0 1 X 0 0 X 308829 264550 376960 288020 210500 1448859 308829 264550 376960 288020 210500 1448859 591271 857588 406 308 160 137 76 1087 12421 12421 1462367 16000 0.58640 0.73570 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MANAGEMENT FEE - 2020 AMOUNT: $ 8,000. OTHER INCOME - 2020 AMOUNT: $ 4,421. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 218576 0 218576 0 218576 371250 0 371250 0 371250 PART X, LINE 2: THE FOUNDATION RECOGNIZES ACCRUED INTEREST AND PENALTIES, IF ANY, ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THEIR INCOME TAX PROVISIONS. THE PAST THREE YEARS OF RETURNS ARE SUBJECT TO POTENTIAL EXAMINATION BY TAXING AUTHORITIES. 0 GOVERNOR'S CUP AWARDS 27 99000 FMV YES FOR ARKANSAS AWARDS 43 6950 FMV X X 0 0 0 0 0 0 0 0 0 SAM WALLS III PRESIDENT 0 223604 0 116900 0 0 0 26873 0 17796 0 385173 0 0 LESLIE LANE VICE PRESIDENT 0 180329 0 86400 0 0 0 18880 0 5755 0 291364 0 0 RUSH DEACON TREASURER 0 148834 0 22500 0 0 0 13062 0 12413 0 196809 0 0 PART I, LINE 3 THE OFFICERS OF ARKANSAS ECONOMIC ACCELERATION FOUNDATION ARE PAID BY ARKANSAS CAPITAL CORPORATION (ACC). COMPENSATION FOR EXECUTIVES AND KEY EMPLOYEES IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS' COMPENSATION COMMITTEE. TO DETERMINE COMPENSATION, THE COMPENSATION COMMITTEE UTILIZES OUTSIDE ASSISTANCE FROM THE JOHNSON GROUP, AN INDEPENDENT, PROFESSIONAL COMPANY THAT SPECIALIZES IN COMPENSATION SURVEYS AND RECOMMENDATIONS FOR AMERICAN COMPANIES. THE COMPENSATION ACTUALLY PAID TO OFFICERS AND KEY EMPLOYEES IS WITHIN THE GUIDELINES RECOMMENDED BY THE OUTSIDE CONSULTANT. FORM 990, PART VI, SECTION B, LINE 11B THIS FORM IS REVIEWED BY ONE OF THE OFFICERS OF THE COMPANY AND ACC'S CFO PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 IS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. ARKANSAS CAPITAL CORPORATION 200 RIVER MARKET AVE SUITE 400 LITTLE ROCK AR 72201 710312420 LENDING AR 501(C)(6) 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 ARKANSAS CAPITAL CORPORATION E 59016 FMV ARKANSAS CAPITAL CORPORATION M 125567 FMV