NonprofitsArkansas Venture Center

Community Improvement & Capacity Building

Arkansas Venture Center

LITTLE ROCK, AR

Total revenue

$1.2M

Total expenses

$1.3M

Net assets

$3.3M

Grants received

$399K

7 grants

EIN

464108871

Tax year

2024

Mission

The venture center helps startups obtain customer validation & reach viability through systematic progrmming, premium mentorship that leverages best practices in lean methodology & strategic acceleration with an eye on reaching scale and creating measurable economic impact.

Programs

2 programs

The venture center helped program and launch the first arkansas lithium innovation summit, led by arkansas commerce secretary hugh mcdonald, with the goal of educating the lithium/energy industry and other key national and state government, academic and business leaders about the economic potential of the state's lithium reserves in the smackover formation.

Expenses: $16K

The venture center's entrepreneurship and educational programs have substantially contributed to the creation of multiple new companies, the growth of existing small businesses and the renewed innovation of large corporations in the state. The venture center is also fostering and growing a community of members, mentors and partners through curated programming and events ranging from lectures and workshops to social and professional networking events.

Financials

FY 2024

Revenue

Contributions & grants$1.1M
Program service revenue
Investment income$70K
Other revenue$3K
Total revenue$1.2M

Expenses

Grants paid
Salaries & benefits$876K
Fundraising
Other expenses$426K
Total expenses$1.3M
Total assets$4.0M
Net assets$3.3M

People

10 listed

NameRoleCompensation

ARTHUR ORDUNA

EXECUTIVE DIRECTOR

Board

$217K

40 hrs/wk

MILLIE WARD

DIRECTOR

Board

0.3 hrs/wk

JOHN HALEY

DIRECTOR

Board

0.3 hrs/wk

JIM WOMBLE

DIRECTOR

Board

0.3 hrs/wk

JAY CHESSHIR

DIRECTOR

Board

0.3 hrs/wk

JAMES HENDREN

CHAIRMAN

Board

0.3 hrs/wk

COLLINS ANDREWS

DIRECTOR

Board

0.3 hrs/wk

BILL YODER

DIRECTOR

Board

0.3 hrs/wk

RAY DILLON

DIRECTOR

Board

0.3 hrs/wk

MIKE O'MALLEY

DIRECTOR

Board

0.3 hrs/wk

Grants received

Showing 7 of 7

FromAmountPurposeYear
$25K
GENERAL SUPPORT
2024
$10K
SPONSORHSIP
2024
$8K
ENTERPRENEURIAL SUPPORT
2024
$25K
SPONSORSHIP
2023
$17K
THIS ORGANIZATION SUPPORTS BUSINESSES THAT DEVELOP PRODUCTS AND TECHNOLOGIES THAT FURTHER THE MISSION OF ICBA AND ITS SUPPORT OF COMMUNITY BANKS.
2022
$65K
General Support
2021
$250K
THIS ORGANIZATION DEVELOPS PRODUCTS AND TECHNOLOGY THAT FURTHER THE MISSION OF ICBA AND ITS SUPPORT OF COMMUNITY BANKS.
2020

Funded by

$399K from 5 funders · 7 grants · 2020–2024

Independent Community Bankers Of America

$267K · 2 grants · 2020–2022

Paypal Charitable Giving Fund

$65K · 1 grant · 2021

Acc Capital Inc

$35K · 2 grants · 2023–2024

Delta Dental Plan Of Arkansas Inc

$25K · 1 grant · 2024

Arkansas Center For Data Sciences

$8K · 1 grant · 2024

Details

EIN464108871
NTEE codeS30
Subsection03
Ruling date2014-05
Formed2013
Employees12
Volunteers75
ARKANSAS VENTURE CENTER — Mission, Financials & Grants Received | Grantivo