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.
Key facts about Arkansas Economic Development
- EIN
- 74-2390527
- Latest 990 filing
- Form 990-PF, 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-PF, 2024; updated September 2026.
How Arkansas Economic Development gives
- Giving fell 63% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Arkansas Economic Development
- How to evaluate Arkansas Economic Development as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Arkansas Economic Development with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
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 grant totaling $26K. Net investment income was $30K.
Ready to take the next step with Arkansas Economic Development?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
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 | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients 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
No officer or director reported compensation in the available filings.
From 2024 IRS 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 grant 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 grant 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
Similar Funders
Funders that support many of the same organizations
Walton Family Foundation Inc
Bentonville, AR
Assets
$6.1B
Grants
1,020
Total Given
$562.3M
Arkansas Community Foundation Inc
Little Rock, AR
Assets
$895.9M
Grants
827
Total Given
$58.7M
Arvest Foundation
Bentonville, AR
Assets
$21.0M
Grants
562
Total Given
$4.3M
Windgate Charitable Foundation Inc
Little Rock, AR
Assets
—
Grants
341
Total Given
$105.6M
Wend II Inc
Bentonville, AR
Assets
$148.7M
Grants
155
Total Given
$56.6M
Wal-Mart Foundation
Bentonville, AR
Assets
$23.4M
Grants
144
Total Given
$113.9M
Alumbra Innovations Foundation
Bentonville, AR
Assets
$113.5M
Grants
137
Total Given
$28.5M
The Schmieding Foundation
Springdale, AR
Assets
$14.5M
Grants
109
Total Given
$2.6M
The Winthrop Rockefeller Foundation
Little Rock, AR
Assets
$151.5M
Grants
106
Total Given
$6.5M
Simmons First Foundation Inc
Pine Bluff, AR
Assets
$19.3M
Grants
102
Total Given
$868K
Alice L Walton Foundation
Bentonville, AR
Assets
$4.7B
Grants
95
Total Given
$47.1M
Pure Inc
Bentonville, AR
Assets
$1.4M
Grants
93
Total Given
$27.3M
More Funders in Arkansas
Data last updated September 2026. Sourced from IRS Form 990-PF filings.