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 710312420 ARKANSAS CAPITAL CORPORATION ARKA 5013749247 200 RIVER MARKET AVE SUITE 400 LITTLE ROCK AR 72201 SAM WALLS III CEO 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 RIVER MARKET AVE SUITE 400 LITTLE ROCK AR 72201 6212873 0 X WWW.ARCAPITAL.COM X 1957 AR TO PROMOTE, STIMULATE, DEVELOP AND ADVANCE THE BUSINESS PROSPERITY AND ECONOMIC WELFARE OF THE STATE OF ARKANSAS AND THE BORDERING STATES AND TO PROVIDE FINANCING FOR THE PROMOTION, DEVELOPMENT AND CONDUCT OF ALL KINDS OF BUSINESS ACTIVITIES IN THIS STATE; TO ASSIST IN THE ECONOMIC DEVELOPMENT OF ARKANSAS PRIMARILY THROUGH INTERMEDIATE AND LONG-TERM LOANS FOR EXPANSION OF ARKANSAS ENTERPRISES; TO ENGAGE IN ACTIVITIES, THROUGH VARIOUS AFFILIATES, WHICH PROVIDE ECONOMIC DEVELOPMENT BENEFITS TO THE STATE OF ARKANSAS. 17 16 24 16 0 0 1403385 0 4163705 2851603 6280 27889 2798331 3333381 8371701 6212873 13058 62900 0 0 3494103 3135314 0 0 0 1976954 1927658 5484115 5125872 2887586 1087001 35717433 24035147 18466021 6206363 17251412 17828784 TO ASSIST IN THE ECONOMIC DEVELOPMENT OF ARKANSAS PRIMARILY THROUGH INTERMEDIATE AND LONG-TERM LOANS FOR EXPANSION OF ARKANSAS ENTERPRISES AND TO ENGAGE IN OTHER ECONOMIC DEVELOPMENT ACTIVITIES THROUGH AFFILIATED COMPANIES. 0 0 ARKANSAS CAPITAL CORPORATION IS A PRIVATE, TAX-EXEMPT NON-PROFIT ORGANIZATION WHICH PRIMARILY PROVIDES LOANS AND GOVERNMENT PROGRAM RESOURCES FOR THE EXPANSION OF ARKANSAS ENTERPRISES. THE CORPORATION IS ORGANIZED TO PROMOTE ECONOMIC GROWTH THROUGH ENTREPRENEURISM WITHIN THE STATE OF ARKANSAS AND THE BORDERING STATES AND TO PERFORM ANY OTHER ACT PERMISSIBLE FOR AN ORGANIZATION DESCRIBED IN SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW. PROVIDE SBA LENDING TO LOAN CUSTOMERS IN THE STATE OF ARKANSAS AND THE BORDERING STATES AND PROVIDE MANAGEMENT AND PERSONNEL SERVICES FOR VARIOUS NOT-FOR-PROFIT RELATED ENTITIES. ARKANSAS CAPITAL CORPORATION FORMED PINE STATE REGIONAL CENTER AS AN ARKANSAS LIMITED LIABILITY COMPANY TO SPONSOR QUALIFIED EB-5 PROJECTS THAT PROMOTE THE EXPANSION OF THE REGIONAL ECONOMY BY INCREASING EXPORTS, HOUSEHOLD EARNING, PRODUCTIVITY, AND DOMESTIC CAPITAL - ALL WITH A PARTICULAR EMPHASIS ON PERMANENT JOB CREATION WITHIN PINE STATE REGIONAL CENTER'S GEOGRAPHIC FOOTPRINT. 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 13 0 24 1 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 1 1 0 1 1 0 0 0 0 0 1 1 1 1 1 X X DREW SPEED 5013479247 200 RIVER MARKET AVE SUITE 400 LITTLE ROCK AR 72201 KEVIN BURNS CHAIRMAN 0.00 X X 0 0 0 CARROLL PENICK VICE CHAIRMAN 0.00 X X 0 0 0 WILLIAM STAED DIRECTOR 0.00 X 0 0 0 JEFF AMERINE DIRECTOR 0.00 X 0 0 0 DAVID SHINDLER DIRECTOR 0.00 X 0 0 0 VIRGIL L MILLER JR DIRECTOR 0.00 X 0 0 0 MARTHA MOORE DIRECTOR 0.00 X 0 0 0 KAREN MARINE DIRECTOR 0.00 X 0 0 0 BRYAN SCOGGINS DIRECTOR 0.00 X 0 0 0 J RUSSELL GUERRA DIRECTOR 0.00 X 0 0 0 JILL FLOYD DIRECTOR 0.00 X 0 0 0 ROBERT GAMMILL DIRECTOR 0.00 X 0 0 0 EMILY MCELROY DIRECTOR 0.00 X 0 0 0 SHELLE RANDALL DIRECTOR 0.00 X 0 0 0 LORRIE TROGDEN DIRECTOR 0.00 X 0 0 0 JERRY BULLARD DIRECTOR 0.00 X 0 0 0 LAURA FINE DIRECTOR 0.00 X 0 0 0 SAM WALLS III CEO 40.00 X X 340504 0 44669 RUSH B DEACON SVP 40.00 X 171334 0 25475 LESLIE LANE PRESIDENT 40.00 X 266729 0 24635 BERT KING SVP 40.00 X 152609 0 28004 SANDRA HAIRSTON EVP - SEC/TREAS 40.00 X 121834 0 24551 JASON GOBER VP 40.00 X 108317 0 26002 BECKA WEBB ASST. SEC-TREASURER 40.00 X 116723 0 6873 CRAIG CALAFATI EVP 40.00 X 163290 0 24920 BRYAN LOGAN VP 40.00 X 76272 0 8998 KIMBERLEE BARTELL VP 40.00 X 58234 0 18709 REBECCA MILES VP 40.00 X 42278 0 4619 MARIE RIANS VP 40.00 X 55738 0 2250 LANA WALDRON VP 40.00 X 70245 0 7841 1744107 0 247546 9 0 1 0 0 MANAGEMENT, ADVISORY & OTHER FEES 522291 1526519 1526519 LOAN INTEREST INCOME 522291 1295084 1295084 REGIONAL CENTER FEE INCOME 522291 30000 30000 2851603 27889 27889 EQUITY IN EARNINGS 3363022 3363022 LOANS SOLD 11118 11118 FORECLOSURE REIMBURSEMENTS -49588 -49588 8829 8829 3333381 6212873 2851603 0 3361270 62900 62900 2112965 2003233 109732 675233 675233 67772 3558 64214 110221 79694 30527 169123 126581 42542 60348 22571 37777 120466 107341 13125 107762 77687 30075 125151 118739 6412 145871 102325 43546 148758 98736 50022 298075 246650 51425 109656 75217 34439 9107 1188 7919 225815 225815 86568 56041 30527 121019 102562 18457 LOAN SERVICING 98066 98066 DUES & SUBSCRIPTIONS 87590 56795 30795 SBA LENDING COST 49460 49460 EMPLOYEE TRAINING & REC 40284 27843 12441 93662 54943 38719 5125872 3797945 1327927 0 4744216 603191 554101 220123 20377268 11062803 171051 217210 1261444 712210 536867 549234 7183273 7163659 111809 106934 2038848 4111993 35717433 24035147 603446 493776 330214 96828 17515704 3297663 16657 2318096 18466021 6206363 X 97700 97700 301000 301000 16852712 17430084 17251412 17828784 35717433 24035147 1087001 23647 -533276 0 X 0 1 X 1 1 1 643497 325303 318194 597561 374021 223540 20386 12886 7500 549234 SOUTHERN BANCORP 1178444 F PINE STATE CAPITAL 2168014 F ARKANSAS CAPITAL RELENDING CORP 116015 F HRF MANAGEMENT 811579 F HRF AR EQUITY FUND I 157 F DSV II LLC 549591 F DIAMOND STATE VENTURES II 216523 F HIGH ST EQUITY PARTNERS 105000 C SIMMONS 2018336 F 7163659 SBA GURANTEED EXPENSES 106561 RELATED COMPANIES 161553 CSV LIFE INSURANCE 1593564 SECURITY DEPOSITS 500 RIGHT OF USE ASSET 2249815 4111993 RELATED COMPANIES 63906 LEASE LIABILITY 2254190 2318096 X PART X, LINE 2: INCOME TAXES HAVE NOT BEEN PROVIDED SINCE THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND HAS NO UNRELATED BUSINESS INCOME. THE CORPORATION RECOGNIZES ACCRUED INTEREST AND PENALTIES, IF ANY, ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THEIR INCOME TAX PROVISION. THE PAST THREE YEARS OF FEDERAL AND STATE INCOME TAX RETURNS ARE SUBJECT TO POTENTIAL EXAMINATION BY TAXING AUTHORITIES. X X X 0 0 0 SAM WALLS III CEO 223604 0 116900 0 0 0 26873 0 17796 0 385173 0 0 0 LESLIE LANE PRESIDENT 180329 0 86400 0 0 0 18880 0 5755 0 291364 0 0 0 RUSH B DEACON SVP 148834 0 22500 0 0 0 13062 0 12413 0 196809 0 0 0 CRAIG CALAFATI EVP 153290 0 10000 0 0 0 8516 0 16404 0 188210 0 0 0 BERT KING SVP 145609 0 7000 0 0 0 11470 0 16534 0 180613 0 0 0 PART III - OTHER ADDITIONAL INFORMATION 90% OF THE COMPENSATION PAID TO SAM WALLS, III AND LESLIE LANE WAS FUNDED BY ACC AFFILIATE COMPANIES. BONUS AND INCENTIVE COMPENSATION - 100% OF ANY BONUS AND INCENTIVE COMPENSATION PAID TO SAM WALLS, III AND LESLIE LANE WAS FUNDED BY AFFILIATE COMPANY AND OTHER NON-ACC LENDING ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION HAS MEMBERS/STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A COMMON STOCKHOLDERS WILL ELECT DIRECTORS BY PROXY OR IN PERSON. FORM 990, PART VI, SECTION B, LINE 11B TAX RETURN IS REVIEWED BY CORPORATION'S CEO, COO, AND CPA PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 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 GUIDELINES RECOMMENDED BY THE OUTSIDE CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PINE STATE REGIONAL CENTER LLC 200 RIVER MARKET AVE STE 400 LITTLE ROCK AR 72201 462960231 EB-5 AR -96068 143617 ACC AR CAPITAL RELENDING CORPORATION 200 RIVER MARKET AVE SUITE 400 LITTLE ROCK AR 72201 710811347 LENDING AR 501(C)(6) AR CAPITAL 0 AR ECONOMIC ACCELERATION FOUNDATION 200 RIVER MARKET AVE SUITE 400 LITTLE ROCK AR 72201 710819945 EDUCATION AR 501(C)(3) LINE 7 AR CAPITAL 0 SIX BRIDGES CAPITAL CORPORATION 200 RIVER MARKET AVE SUITE 400 LITTLE ROCK AR 72201 710687627 LENDING AR 501(C)(4) AR CAPITAL 0 PINE STATE CAPITAL LLC 200 RIVER MARKET AVE SUITE 400 LITTLE ROCK AR 72201 461178744 EB-5 AR ACC RELATED 1267350 3410142 0 0 0.99990 HEARTLAND RENAISSANCE FUND 200 RIVER MARKET AVE SUITE 400 LITTLE ROCK AR 72201 631277306 ECON DEV AR ACC RELATED 1571365 873218 0 0 0.99990 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 ARKANSAS ECONOMIC ACCELERATION FDTN D 59016 FMV HEARTLAND RENAISSANCE FUND LLC D 46977 FMV HEARTLAND RENAISSANCE FUND LLC L 534190 FMV HEARTLAND RENAISSANCE FUND LLC Q 202713 FMV SIX BRIDGES CAPITAL CORP L 158425 FMV SIX BRIDGES CAPITAL CORP D 31361 FMV ARKANSAS CAPITAL RELENDING CORPORATION E 13489 FMV ARKANSAS ECONOMIC ACCELERATION FDTN L 125567 FMV SIX BRIDGES CAPITAL CORP Q 118099 FMV HEARTLAND RENAISSANCE FUND LLC E 157 FMV PINE STATE INFRASTRUCTURE FUND III LP D 24198 FMV