Arkansas Ecomonic Acceleration Foundation

Little Rock, AR
Tax-exempt since Nov. 1999
EIN: 71-0819945

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Unknown / Unclassified (NTEE)

Donations to this organization are tax deductible.

Revenue

$489k (2023)

Expenses

$421k (2023)

Total Assets

$65.7k (2023)

Total Liabilities

$5.05k (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$489,412

Expenses

$420,863

Net Income

$68,549

Net Assets

$60,664

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$489,412	100%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$113,839	27.0%

Assets/Debt
Total Assets	$65,710
Total Liabilities	$5,046
Net Assets	$60,664

Compensation

Key Employees and Officers	Compensation	Related	Other
Sam Walls Iii (President)	$0	$297,627	$46,694
Leslie Lane (Vice President)	$0	$265,744	$32,449
Marie Bruno (Secretary)	$0	$69,718	$14,963
Rush Deacon (Treasurer)	$0	$208,384	$27,716
Rebecca Todd (Director)	$0	$0	$0
Drew Speed (Cfo)	$0	$121,755	$18,014
Tiffany Henry (Secretary)	$0	$40,731	$1,421
Kathleen Lawson (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$218,576

Expenses

$371,250

Net Income

-$152,674

Net Assets

-$7,885

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$210,500	96.3%
Program Services	$8,000	3.7%
Investment Income	$0
Bond Proceeds	$76	0.0%
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$96,115	25.9%

Assets/Debt
Total Assets	$51,131
Total Liabilities	$59,016
Net Assets	-$7,885

Compensation

Key Employees and Officers	Compensation	Related	Other
Sam Walls Iii (President)	$0	$340,504	$44,669
Leslie Lane (Vice President)	$0	$266,729	$24,635
Marie Bruno (Secretary)	$0	$91,644	$9,612
Rush Deacon (Treasurer)	$0	$171,334	$25,475
Kathleen Lawson (Director)	$0	$0	$0
Rebecca Todd (Director)	$0	$0	$0
Drew Speed (Director)	$0	$0	$0

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990

Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$296,157

Expenses

$277,470

Net Income

$18,687

Net Assets

$144,789

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$288,020	97.3%
Program Services	$8,000	2.7%
Investment Income	$0
Bond Proceeds	$137	0.0%
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$98,448	35.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$146,630
Total Liabilities	$1,841
Net Assets	$144,789

Compensation

Key Employees and Officers	Compensation	Related	Other
Sam Walls Iii (President)	$0	$373,505	$25,053
Leslie Lane (Vice President)	$0	$354,763	$25,663
Marie Bruno (Secretary)	$0	$101,460	$10,146
Rush Deacon (Treasurer)	$0	$214,411	$15,693
Kathleen Lawson (Director)	$0	$0	$0
Steve Rice (Director)	$0	$0	$0
Rebecca Todd (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$389,541

Expenses

$279,731

Net Income

$109,810

Net Assets

$126,102

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$376,960	96.8%
Program Services	$0
Investment Income	$160	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$12,421	3.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$126,208
Total Liabilities	$106
Net Assets	$126,102

Compensation

Key Employees and Officers	Compensation	Related	Other
Sam Walls Iii (President)	$0	$296,917	$28,994
Leslie Lane (Vice Preside)	$0	$267,996	$27,056
Rush Deacon (Treasurer)	$0	$264,442	$13,620
Marie Bruno (Secretary)	$0	$100,680	$7,384
Kathleen Lawson (Director)	$0	$0	$0
Steve Rice (Director)	$0	$0	$0
Rebecca Todd (Director)	$0	$0	$0

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990

Filed on Sept. 15, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$264,858

Expenses

$299,923

Net Income

-$35,065

Net Assets

$16,292

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$264,550	99.9%
Program Services	$0
Investment Income	$308	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$16,292
Total Liabilities	$0
Net Assets	$16,292

Compensation

Key Employees and Officers	Compensation	Related	Other
Rush Deacon (Treasurer)	$0	$230,505	$11,940
Sam Walls Iii (President)	$0	$218,166	$22,554
Leslie Lane (Vice Preside)	$0	$210,660	$21,304
Marie Bruno (Secretary)	$0	$90,910	$7,215
Kathleen Lawson (Director)	$0	$0	$0
Steve Rice (Director)	$0	$0	$0
Rebecca Todd (Director)	$0	$0	$0

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990

Filed on Nov. 16, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$309,235

Expenses

$315,204

Net Income

-$5,969

Net Assets

$51,357

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$308,829	99.9%
Program Services	$0
Investment Income	$406	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$111,951
Total Liabilities	$60,594
Net Assets	$51,357

Compensation

Key Employees and Officers	Compensation	Related	Other
Rush Deacon (Treasurer)	$0	$179,820	$8,800
Sam Walls Iii (President)	$0	$149,220	$12,272
Leslie Lane (Vice Preside)	$0	$142,222	$12,272
Marie Bruno (Secretary)	$0	$91,425	$5,469
Kathleen Lawson (Director)	$0	$0	$0
Steve Rice (Director)	$0	$0	$0
Rebecca Todd (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$795,294

Expenses

$744,247

Net Income

$51,047

Net Assets

$57,326

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$653,105	82.1%
Program Services	$81,950	10.3%
Investment Income	$228	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$60,011	7.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$128,110
Total Liabilities	$70,784
Net Assets	$57,326

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$1,001,246

Expenses

$1,041,964

Net Income

-$40,718

Net Assets

$6,279

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$841,605	84.1%
Program Services	$103,880	10.4%
Investment Income	$644	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$55,117	5.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$48,277	4.6%

Assets/Debt
Total Assets	$700,017
Total Liabilities	$693,738
Net Assets	$6,279

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$981,078

Expenses

$1,063,073

Net Income

-$81,995

Net Assets

$46,997

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$877,400	89.4%
Program Services	$71,680	7.3%
Investment Income	$98	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$31,900	3.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$123,187	11.6%

Assets/Debt
Total Assets	$1,274,316
Total Liabilities	$1,227,319
Net Assets	$46,997

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$921,655

Expenses

$931,271

Net Income

-$9,616

Net Assets

$128,992

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$890,852	96.7%
Program Services	$0
Investment Income	$265	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$30,538	3.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$34,367	3.7%

Assets/Debt
Total Assets	$2,234,416
Total Liabilities	$2,105,424
Net Assets	$128,992

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$761,079

Expenses

$887,830

Net Income

-$126,751

Net Assets

$138,608

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$693,840	91.2%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$67,239	8.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,965,021
Total Liabilities	$2,826,413
Net Assets	$138,608

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$973,442

Expenses

$1,031,625

Net Income

-$58,183

Net Assets

$265,359

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$972,720	99.9%
Program Services	$0
Investment Income	$722	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,589,585
Total Liabilities	$3,324,226
Net Assets	$265,359

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$426,839

Expenses

$1,006,786

Net Income

-$579,947

Net Assets

$323,542

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$386,552	90.6%
Program Services	$0
Investment Income	$2,975	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$37,312	8.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$337,292
Total Liabilities	$13,750
Net Assets	$323,542

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$1,294,904

Expenses

$1,194,542

Net Income

$100,362

Net Assets

$903,489

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$933,197	72.1%
Program Services	$23,000	1.8%
Investment Income	$3,422	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$335,285	25.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,002,832
Total Liabilities	$99,343
Net Assets	$903,489

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Updated March 27, 2025

Arkansas Ecomonic Acceleration Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $489k (2023)

Expenses $421k (2023)

Total Assets $65.7k (2023)

Total Liabilities $5.05k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

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Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

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Compensation

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Fiscal Year Ending Dec. 2018

Extracted Financial Data

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Compensation

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Fiscal Year Ending Dec. 2017

Extracted Financial Data

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Fiscal Year Ending Dec. 2016

Extracted Financial Data

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Fiscal Year Ending Dec. 2015

Extracted Financial Data

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Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$489k (2023)

Expenses

$421k (2023)

Total Assets

$65.7k (2023)

Total Liabilities

$5.05k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

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2021

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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

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Fiscal Year Ending Dec.
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