East Arkansas Business Development

Foundation · Grantmaker Jonesboro, AR EIN: 71-0655498

TO ASSIST IN THE DEVELOPMENT OF BUSINESS IN THE EASTERN ARKANSAS AREA

Key facts about East Arkansas Business Development

EIN
71-0655498
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$50,000
Grants made (2024)
1
Average grant
$50,000
Median grant
$50,000
Total assets
$3,650,958
Primary geography
Arkansas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.7M

-14.3% YoY

Annual Giving

$50K

+233.3% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$50K

+233.3% YoY

About East Arkansas Business Development

Based on IRS filings

East Arkansas Business Development is a nonprofit organization, based in Jonesboro, AR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.7M in total assets. In 2024, it awarded 1 grant totaling $50K. Net investment income was $65K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 1 itemized 2024 grant dollars.

States

Cities

State University

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$685K$1M$2M$3M20202021202220232024
Metric202420232022
Total Assets$3,650,958$4,262,449$4,552,650
Revenue$185,311$152,043$2,491,023
Expenses$828,463$650,042$894,773
Qualifying Distributions———
Net Investment Income$65,465$25,649$9,137
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

$0$13K$25K$38K$50K0 grants20200 grants20211 grants20221 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Asu System Foundation: $50KAsu System Foundation$50K

Grant Size Distribution

3 grants across all recorded years

2<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Asu System Foundation ($50,000).

RecipientPurposeAmount
ASU SYSTEM FOUNDATION State University, ARTO BENEFIT THE ARKANSAS UNIVERSITY COLLEGE OF ENGINEERING$50,000

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

NameTitleHoursCompensation
Chris BarberChairman——
Rodger HurtVice Chairman——
Brad EdwardsTreasurer——
Murray BentonBoard——
Alan MorseBoard——
Mark YoungBoard——
James BestBoard——
Tony SupineBoard——
David PeacockSecretary——

Frequently Asked Questions

How large is East Arkansas Business Development?

As of 2024, East Arkansas Business Development holds $3.7M in total assets with $185K in annual revenue. It awarded 1 grant totaling $50K in 2024.

Where does East Arkansas Business Development operate?

East Arkansas Business Development has awarded grants in Arkansas.

What size grants does East Arkansas Business Development award?

In 2024, East Arkansas Business Development awarded 1 grant totaling $50K — an average of about $50K per grant, based on its IRS Form 990 filings.

What is East Arkansas Business Development's EIN?

East Arkansas Business Development's EIN (Employer Identification Number) is 71-0655498. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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