2025-11-17T11:01:49-06:00 2024-12-31 710817652 FROST PLLC 4375 N VANTAGE DRIVE SUITE 403 FAYETTEVILLE AR 72703 990 2024-01-01 464108871 ARKANSAS VENTURE CENTER ARKA 5014049875 417 MAIN ST LITTLE ROCK AR 72201 ARTHUR ORDUNA CHIEF EXECUTIVE OFFICER 5014049875 2025-11-15 1 1 JANET M PTACEK P00226415 4796954300 2025-11-15 2024 2025-03-06 01:10:19Z ARTHUR ORDUNA 417 MAIN ST LITTLE ROCK AR 72201 1341803 0 X VENTURECENTER.CO X 2013 AR THE VENTURE CENTER HELPS STARTUPS OBTAIN CUSTOMER VALIDATION & REACH VIABILITY THROUGH SYSTEMATIC PROGRMMING, PREMIUM MENTORSHIP THAT LEVERAGES BEST PRACTICES IN LEAN METHODOLOGY & STRATEGIC ACCELERATION WITH AN EYE ON REACHING SCALE AND CREATING MEASURABLE ECONOMIC IMPACT. 10 9 12 75 0 0 1272345 1096387 114675 0 51614 69660 2430 3145 1441064 1169192 0 0 0 0 1032193 876432 0 0 0 866716 425607 1898909 1302039 -457845 -132847 3359234 3985909 172477 708229 3186757 3277680 THE VENTURE CENTER HELPS STARTUPS OBTAIN CUSTOMER VALIDATION & REACH VIABILITY THROUGH SYSTEMATIC PROGRAMMING, PREMIUM MENTORSHIP THAT LEVERAGES BEST PRACTICES IN LEAN METHODOLOGY & STRATEGIC ACCELERATION WITH AN EYE ON REACHING SCALE AND CREATING MEASURABLE ECONOMIC IMPACT. 0 0 300270 THE VENTURE CENTER PROGRAMMED AND LAUNCHED THREE ACCELERATORS DURING THE YEAR. THE ARKANSAS BANKING SOLUTIONS ACCELERATOR/ABSA IS A CONTINUATION OF THE SUCCESSFUL FINTECH PROGRAM MATCHING FINTECH START-UPS WITH BANKS. THE VETERAN-OWNED SMALL BUSINESS ACCELERATOR/VOSB, IN PARTNERSHIP WITH THE ARKANSAS SMALL BUSINESS ADMINISTRATION, IS THE SECOND COHORT OF A TRAINING AND PROFESSIONAL EDUCATION PROGRAM HELPING VETERANS SUCCESSFULLY GROW THEIR EXISTING SMALL BUSINESSES. THE ARKANSAS LITHIUM TECHNOLOGY ACCELERATOR/ALTA, IN PARTNERSHIP WITH MAJOR ENERGY PRODUCERS, IS A NEW PROGRAM BRINGING LEADING LITHIUM ION BATTERY SUPPLY CHAIN TECHNOLOGY START-UP COMPANIES TO ARKANSAS, TO HELP BUILD A NEW LITHIUM ECONOMY IN SUPPORT OF THE NASCENT LITHIUM MINING AND REFINING INDUSTRY IN SOUTH ARKANSAS. 15998 THE VENTURE CENTER HELPED PROGRAM AND LAUNCH THE FIRST ARKANSAS LITHIUM INNOVATION SUMMIT, LED BY ARKANSAS COMMERCE SECRETARY HUGH MCDONALD, WITH THE GOAL OF EDUCATING THE LITHIUM/ENERGY INDUSTRY AND OTHER KEY NATIONAL AND STATE GOVERNMENT, ACADEMIC AND BUSINESS LEADERS ABOUT THE ECONOMIC POTENTIAL OF THE STATE'S LITHIUM RESERVES IN THE SMACKOVER FORMATION. THE VENTURE CENTER'S ENTREPRENEURSHIP AND EDUCATIONAL PROGRAMS HAVE SUBSTANTIALLY CONTRIBUTED TO THE CREATION OF MULTIPLE NEW COMPANIES, THE GROWTH OF EXISTING SMALL BUSINESSES AND THE RENEWED INNOVATION OF LARGE CORPORATIONS IN THE STATE. THE VENTURE CENTER IS ALSO FOSTERING AND GROWING A COMMUNITY OF MEMBERS, MENTORS AND PARTNERS THROUGH CURATED PROGRAMMING AND EVENTS RANGING FROM LECTURES AND WORKSHOPS TO SOCIAL AND PROFESSIONAL NETWORKING EVENTS. 316268 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 12 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 AR X THE CENTER 5014049875 417 MAIN ST LITTLE ROCK AR 72201 RAY DILLON DIRECTOR 0.30 X 0 0 0 MILLIE WARD DIRECTOR 0.30 X 0 0 0 JOHN HALEY DIRECTOR 0.30 X 0 0 0 JIM WOMBLE DIRECTOR 0.30 X 0 0 0 JAY CHESSHIR DIRECTOR 0.30 X 0 0 0 JAMES HENDREN CHAIRMAN 0.30 X X 0 0 0 COLLINS ANDREWS DIRECTOR 0.30 X 0 0 0 BILL YODER DIRECTOR 0.30 X 0 0 0 ARTHUR ORDUNA EXECUTIVE DIRECTOR 40.00 X X 217499 0 15521 MIKE O'MALLEY DIRECTOR 0.30 X 0 0 0 217499 0 15521 2 0 1 0 0 880940 215447 49004 1096387 45353 45353 196918 172611 24307 24307 24307 MISCELLANEOUS 900099 3145 3145 3145 1169192 27452 0 45353 508347 135019 373328 250686 76359 174327 69847 6900 62947 47552 18244 29308 43010 43010 56210 56210 36322 1162 35160 31674 31674 115895 115895 36342 24076 12266 18994 15998 2996 10947 10947 10992 10992 9826 9826 PROGRAM EXPENSES 28510 28510 OTHER - IMPAIRMENT 16885 16885 CREDIT LOSSES 10000 10000 1302039 316268 985771 0 112399 19674 166392 144860 23254 13792 141302 127793 19668 13509 2889021 3406163 0 387911 148500 0 3359234 3985909 77869 47761 73548 42557 21060 617911 172477 708229 X 2721612 3163665 465145 114015 3186757 3277680 3359234 3985909 -132847 312785 -89015 0 X 0 0 0 X 1383123 1755830 1582928 1272345 1096387 7090613 142126 107655 114675 0 364456 1383123 1897956 1690583 1387020 1096387 7455069 0 0 0 7455069 5321 32914 55815 44172 45353 183575 5321 32914 55815 44172 45353 183575 6500 116027 118035 2430 3145 246137 1394944 2046897 1864433 1433622 1144885 7884781 0.94550 0.95510 0.02330 0.01630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 121142 107633 13509 20160 20160 0 13509 LINE OF CREDIT 230000 OPERATING LEASE OBLIGATION 387911 617911 1481977 312785 312785 1169192 0 1169192 1302039 0 1302039 0 1302039 X 0 0 0 0 0 0 0 0 0 ARTHUR ORDUNA EXECUTIVE DIRECTOR 176464 0 25000 0 16035 0 6150 0 9371 0 233020 0 0 0 X 1 49004 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS AT SCHEDULED BOARD MEETING AFTER RETURN IS COMPLETED BUT BEFORE FILING THE RETURN. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 WILL BE AVAILABLE FOR REVIEW IN THE ORGANIZATIONS OFFICE OR A COPY CAN BE REQUESTED AT WHICH TIME THE ORGANIZATION WILL REQUIRE THE PAYMENT OF A SMALL FEE TO COVER THE COST OF THE COPY. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 COVERS ANY DOCUMENTS THAT ARE AVAILABLE TO BE VIEWED BY THE PUBLIC.