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.
Key facts about Arkansas Economic Development Foundation
In short: Arkansas Economic Development Foundation gave $26K across 1 grant in 2024 (avg $26K), mostly in Arkansas. Source: 2024 IRS Form 990.
- EIN
- 74-2390527
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $26,200
- Grants made (2024)
- 1
- Average grant
- $26,200
- Median grant
- $26,200
- Total assets
- $749,825
- Primary geography
- Arkansas (100% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$750K
-22.0% YoY
Annual Giving
$26K
-56.7% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$26K
-56.7% YoY
How Arkansas Economic Development Foundation gives
- Giving fell 63% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
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.
Grant Insights
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%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Arkansas Industrial and Economic Development Foundation Little Rock, AR | General Support | $26,200 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $749,825 | $960,795 | $827,243 |
| Revenue | $153,118 | $401,488 | $403,205 |
| Expenses | $353,431 | $258,218 | $319,030 |
| Net Investment Income | $29,926 | $29,888 | $771 |
Data update history
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
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.
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