NonprofitsArkansas Capital Corporation

Arkansas Capital Corporation

LITTLE ROCK, AR

Total revenue

$14.7M

Total expenses

$9.6M

Net assets

$23.2M

Grants received

$126K

2 grants

EIN

710312420

Tax year

2024

Mission

Acc capital is a private, nonprofit lending corporation empowering entrepreneurs nationally. The organization offers flexible capital solutions to meet the unique needs of entrepreneurs, small businesses, and economic and community development projects. Since 1957, acc capital has partnered with commercial banks, government agencies, and others at local, state, regional, and national levels to deploy over $2.34 billion in capital financing.

Programs

3 programs

Last year acc capital introduced its microloan program - a smaller lending service of $5,000 to $50,000; designed to support small businesses and entrepreneurs on their way to success. Focusing on arkansas and memphis, this program seeks to create new business opportunities through loans and technical assistance when businesses are overlooked by traditional lenders.

Acc capital formed pine state regional center as an arkansas limited liability company to sponsor qualified eb-5 projects that promote the expansion of the regional economy by increasing exports, household earning, productivity, and domestic capital - all with a particular emphasis on permanent job creation within pine state regional center's geographic footprint.

Acc capital formed heartland renaissance fund, llc for the purpose of operating as a "qualified community development entity" under the new market tax credit program in order to provide investment capital for low-income communities or low-income persons.

Financials

FY 2024

Revenue

Contributions & grants$3.2M
Program service revenue$11.3M
Investment income$130K
Other revenue$52K
Total revenue$14.7M

Expenses

Grants paid$552K
Salaries & benefits$5.6M
Fundraising
Other expenses$3.4M
Total expenses$9.6M
Total assets$35.4M
Net assets$23.2M

People

26 listed

NameRoleCompensation

SAM WALLS III

CEO

Board

$452K

40 hrs/wk

LESLIE LANE

PRESIDENT

Board

$375K

40 hrs/wk

SCOTT GARDNER

CFO

Board

$110K

40 hrs/wk

DREW SPEED

CFO (JAN-SEPT)

Board

$102K

40 hrs/wk

KEVIN BURNS

DIRECTOR

Board

$3K

0

BRYAN SCOGGINS

VICE CHAIRMAN

Board

$3K

0

CARROLL PENICK

CHAIRMAN

Board

$2K

0

VIRGIL L MLLER JR

DIRECTOR

Board

$2K

0

J RUSSELL GUERRA

DIRECTOR

Board

$2K

0

DAVID SHINDLER

DIRECTOR

Board

$2K

0

WILLIAM STAED

DIRECTOR

Board

$2K

0

LORRIE TROGDEN

DIRECTOR

Board

$2K

0

SHELLE RANDALL

DIRECTOR

Board

$2K

0

EMILY MCELROY

DIRECTOR

Board

$2K

0

KAREN MARINE

DIRECTOR

Board

$2K

0

ROBERT TED GAMMILL

DIRECTOR

Board

$2K

0

MARTHA MOORE

DIRECTOR

Board

$2K

0

SHAMIM OKOLLOH

DIRECTOR

Board

$2K

0

JEFF AMERINE

DIRECTOR

Board

$2K

0

JERRY BULLARD

DIRECTOR

Board

$1K

0

LAURA FINE

DIRECTOR

Board

0

SEBASTIAN STUBBE

MANAGING DIRECTOR

Staff

$909K

40 hrs/wk

RUSH B DEACON

SVP

Staff

$248K

40 hrs/wk

CRAIG CALAFATI

EVP

Staff

$203K

40 hrs/wk

BECKA WEBB

SECRETARY & TREASURER

Staff

$195K

40 hrs/wk

BERT KING

SVP

Staff

$179K

40 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
$125K
ECONOMIC DEVELOPMENT
2021
$1K
GENERAL OPERATING FUND
2021

Funded by

$126K from 2 funders · 2 grants · 2021

Six Bridges Capital Corporation

$125K · 1 grant · 2021

Rebsamen Fund

$1K · 1 grant · 2021

Details

EIN710312420
Subsection06
Ruling date1965-01
Formed1957
Employees42
Volunteers5
ARKANSAS CAPITAL CORPORATION — Mission, Financials & Grants Received | Grantivo