Arkansas Economic Development
SUPPLEMENT APPROPRIATIONS BY THE STATE LEGISLATURE FOR DEVELOPMENT OF THE STATE'S RESOURCES AND ATTRACTING NEW BUSINESSES TO THE STATE OF ARKANSAS.
Financial Overview
From 2024 IRS Form 990-PF · 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
About Arkansas Economic Development
Based on IRS filings
Arkansas Economic Development is a nonprofit organization, 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 grants totaling $26K. Net investment income was $30K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $29,926 | $29,888 | $771 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Arkansas Industrial and Economic Development Foundation ($26,200).
| Recipient | Purpose | Amount |
|---|---|---|
| ARKANSAS INDUSTRIAL AND ECONOMIC DEVELOPMENT FOUNDATION LITTLE ROCK, AR | GENERAL SUPPORT | $26,200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GUS VRATSINAS | PRESIDENT | 2 | — |
| MIKE PRESTON | VICE-PRESIDENT | 1 | — |
| MIKE AKIN | BOARD MEMBER | — | — |
| ALEC FARMER | BOARD MEMBER | — | — |
| MARK YOUNG | SECRETARY | 1 | — |
| ARCHIE SCHAFFER III | BOARD MEMBER | — | — |
| RANDY ZOOK | BOARD MEMBER | — | — |
| WILLIAM ROCKEFELLER | BOARD MEMBER | — | — |
| LANG ZIMMERMAN | TREASURER | 1 | — |
| ANNEMARIE DILLARD JAZIC | BOARD MEMBER | — | — |
Frequently Asked Questions
How large is Arkansas Economic Development?
As of 2024, Arkansas Economic Development holds $750K in total assets with $153K in annual revenue. It awarded 1 grants totaling $26K in 2024.
Where does Arkansas Economic Development operate?
Arkansas Economic Development has awarded grants in Arkansas.
What size grants does Arkansas Economic Development award?
In 2024, Arkansas Economic Development awarded 1 grants totaling $26K — an average of about $26K per grant, based on its IRS Form 990 filings.
What is Arkansas Economic Development's EIN?
Arkansas Economic Development's EIN (Employer Identification Number) is 74-2390527. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Arkansas Economic Development's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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