Arkansas Economic Development Foundation
Supplement appropriations by the state legislature for development of the state's resources and attracting new businesses to the state of Arkansas.
Arkansas Economic Development Foundation at a glance
In short: Arkansas Economic Development Foundation gave $26K across 1 grant in 2024 (avg $26K), mostly in Arkansas. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $26,200
- -56.7% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $26,200
- -56.7% vs 2023
- Median grant
- $26,200
- Total assets
- $749,825
- -22.0% vs 2023
- Primary geography
- Arkansas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Arkansas Economic Development Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Arkansas Industrial and Economic Development Foundation ($26K).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 4 grants of 7 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Arkansas Economic Development Foundation gives
- Giving fell 63% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $26K (2024) to $95K (2020). In 2024 it made 1 grant totaling $26K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Arkansas Industrial and Economic Development Foundation Little Rock, AR | General Support | $26,200 |
Ready to take the next step with Arkansas Economic Development Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $749,825 | $153,118 | $353,431 | $26,200 | 1 | $29,926 |
| 2023 | $960,795 | $401,488 | $258,218 | $60,500 | 1 | $29,888 |
| 2022 | $827,243 | $403,205 | $319,030 | $44,000 | 1 | $771 |
| 2021 | $752,051 | $57,302 | $270,352 | $70,680 | 2 | $3,172 |
| 2020 | $973,405 | $368,519 | $162,363 | $95,000 | 2 | $4,496 |
About Arkansas Economic Development Foundation
Based on IRS filings
Arkansas Economic Development Foundation is a public charity, based in Little Rock, AR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $750K in total assets. In 2024, it awarded 1 grant totaling $26K. Net investment income was $30K.
Leadership & Key People
Officers and directors from IRS filings
Arkansas Economic Development Foundation is led by Gus Vratsinas, President on every filing since 2020; none of the 10 officers listed in 2024 report compensation.
Officers on the 2024 filing
Gus Vratsinas
President
On filings since 2020
2 hrs/week
No compensation reported
Archie Schaffer III
Board Member
On filings since 2020
No compensation reported
Mark Young
Secretary
On filings since 2020
1 hr/week
No compensation reported
Mike Akin
Board Member
On filings since 2020
No compensation reported
William Rockefeller
Board Member
On filings since 2020
No compensation reported
Lang Zimmerman
Treasurer
Board Member → Treasurer, 2024
On filings since 2021
1 hr/week
No compensation reported
Alec Farmer
Board Member
On filings since 2023
No compensation reported
Annemarie Dillard Jazic
Board Member
New on the 2024 filing
No compensation reported
Mike Preston
Vice President
New on the 2024 filing
1 hr/week
No compensation reported
Randy Zook
Board Member
New on the 2024 filing
No compensation reported
Former officers (5)
- Former: Frank Thomas (2020–2023) — Vice President
- Former: Michael Lindsey (2020–2023) — Board Member
- Former: Mike Carroll (2020–2023) — Treasurer
- Former: Niel Crowson (2020–2022) — Board Member
- Former: Steve Luelf (2020) — Board Member
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Arkansas Economic Development Foundation
How much does Arkansas Economic Development Foundation give each year?
Arkansas Economic Development Foundation gave $26K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $61K across 1 grant.
How large is Arkansas Economic Development Foundation?
Arkansas Economic Development Foundation reported $750K in total assets on its 2024 IRS Form 990. Its revenue that year was $153K.
Where does Arkansas Economic Development Foundation operate?
Arkansas Economic Development Foundation has awarded grants in Arkansas.
What is Arkansas Economic Development Foundation's EIN?
Arkansas Economic Development Foundation's EIN (Employer Identification Number) is 74-2390527. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
Other open foundation grants in Arkansas
Arkansas Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Arkansas Economic Development Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Arkansas
Arkansas State Chamber of Commerce
Little Rock, AR
The mission of the Arkansas State Chamber of Commerce is to continually enhance the economic climate in Arkansas. Arkansas State Chamber of Commerce is a volunteer, 501 (c)(6) non-profit corporation, dedicated to help Arkansas business and industry be successful. The objectives of Arkansas State Chamber of Commerce are carried out through the successful work of our members in the arena of governmental affairs. Our policy committees are charged with researching and monitoring government activities impacting the business community at the state and federal levels. Because of the strength of our members-managers, owners and operators of Arkansas businesses and industries-the state chamber is recognized as the leading advocate for the business community and one of the most effective lobbying groups in Arkansas.
Assets
$1.5M
Grants
2
Total Given
$18K
Walton Family Foundation Inc
Bentonville, AR
The Walton Family Foundation funds K–12 education, river and ocean conservation, and quality-of-life initiatives in Northwest Arkansas and the Arkansas-Mississippi Delta; its grants also support organizations and projects elsewhere in the U.S. Its 2024 grants had a median of $200,000, with awards ranging from $1,000 to $35.6 million. It does not accept unsolicited requests except from eligible public charter school developers applying to its startup grant program; other organizations must first submit a letter of inquiry and await an invitation.
Assets
$6.1B
Grants
1,020
Total Given
$562.3M
Arkansas Community Foundation Inc
Little Rock, AR
Arkansas Community Foundation funds charitable work in education, community life, family services and health, including programs for food security, early literacy and the arts, primarily across Arkansas through statewide and local grant programs. Its 2025 grants had a median award of $17,000, though amounts varied widely; it accepts applications through specific competitive programs, but the profile does not state whether it accepts unsolicited requests generally.
Assets
$895.9M
Grants
827
Total Given
$58.7M
Arvest Foundation
Bentonville, AR
Arvest Foundation funds economic development, community programs, arts, nonprofit capacity, scholarships, and construction projects, primarily in Arkansas, Oklahoma, and Missouri. In 2024, grants ranged from $1,000 to $75,000, with a median of $5,000. It gives only to preselected charitable organizations and does not accept unsolicited requests.
Assets
$21.0M
Grants
562
Total Given
$4.3M
Windgate Charitable Foundation Inc
Little Rock, AR
Windgate Charitable Foundation funds contemporary craft and visual arts education across the United States, plus education, health, and community initiatives for Arkansas organizations. Its 2025 grants ranged from $2,000 to $7.52 million, with a median of about $54,700. It does not accept unsolicited requests; organizations funded in the past five years may apply through its grantee portal.
Assets
$421.0M
Grants
341
Total Given
$105.6M
WAL-Mart Foundation
Bentonville, AR
The Wal-Mart Foundation funds economic opportunity, sustainability, racial equity, and community programs, with a focus on places where Walmart operates; its 2025 grants ranged from $5,000 to $8.51 million, with a median of $430,000. It accepts unsolicited requests through some program-specific routes, including open Spark Good Local Grants of $250–$5,000; application options vary by program.
Assets
$23.4M
Grants
144
Total Given
$113.9M
More similar funders
More Funders in Arkansas
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Arkansas Economic Development Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Arkansas Economic Development Foundation down — hundreds of funders to go?