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Nonprofiteer
← NORTHWEST ARKANSAS COUNCIL

Form 990 for tax year 2024

Filed by NORTHWEST ARKANSAS COUNCIL.

Totals

Total revenue
$1,304,530
Total expenses
$1,434,582
Contributions and grants received
$1,042,305
Grants paid
$0
Program service revenue
$254,113
Investment income
$8,112
Other revenue
$0
Total assets, end of year
$890,526
Total liabilities, end of year
$525,386
Net assets or fund balances, end of year
$365,140
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$1,434,582

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $822,952

  • 1f · All other contributions, gifts and grants

    $219,353

  • 2a · Program service revenue: GRANT ADMIN FEES

    total $254,113 · related or exempt $254,113

  • 3 · Investment income

    total $8,112 · excluded $8,112

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $863,670

  • 9 · Other employee benefits

    total $106,130

  • 10 · Payroll taxes

    total $48,071

  • 11g · Fees: other

    total $41,637

  • 13 · Office expenses

    total $3,315

  • 16 · Occupancy

    total $26,213

  • 17 · Travel

    total $5,767

  • 19 · Conferences, conventions and meetings

    total $14,773

  • 22 · Depreciation, depletion and amortization

    total $752

  • 24a · Other expenses: FORM 990T TAX

    total $4,261

  • 24b · Other expenses: STATEWIDE INITIATIVES

    total $122,411

  • 24c · Other expenses: RECRUITMENT AND RETENTI

    total $67,195

  • 24d · Other expenses: ENTREPRENEURIAL PROGRAM

    total $55,816

  • 24e · All other expenses

    total $74,571

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $799,913 · end of year $253,603

  • 3 · Pledges and grants receivable

    beginning of year $114,803 · end of year $510,675

  • 9 · Prepaid expenses and deferred charges

    beginning of year $70,012 · end of year $123,868

  • 10a · Land, buildings and equipment: cost or other basis

    $15,709

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,329

  • 10c · Land, buildings and equipment, net

    beginning of year $3,132 · end of year $2,380

  • 15 · Other assets

    beginning of year $62,643 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $178,441 · end of year $183,031

  • 19 · Deferred revenue

    beginning of year $315,427 · end of year $342,355

  • 25 · Other liabilities

    beginning of year $61,443 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $492,699 · end of year $362,647

  • 28 · Net assets with donor restrictions

    beginning of year $2,493 · end of year $2,493

Mission and programs · 2024

Mission

PROMOTION OF THE GROWTH, VITALITY, AND DEVELOPMENT OF NORTHWEST ARKANSAS AND ITS PEOPLE, CONCENTRATING ON WORKFORCE DEVELOPMENT, REGIONAL STEWARDSHIP, INFRASTRUCTURE, AND ECONOMIC DEVELOPMENT.

Activities or mission (Part I)

PROMOTION OF THE GROWTH, VITALITY, AND DEVELOPMENT OF NORTHWEST ARKANSAS AND ITS PEOPLE.

  • ESTABLISHED BY SAM WALTON, DON TYSON, J.B. HUNT AND OTHER BUSINESS LEADERS, WE ARE A PRIVATE, NONPROFIT ORGANIZATION WORKING TO ADVANCE JOB OPPORTUNITIES, TALENT RECRUITMENT, PHYSICAL INFRASTRUCTURE, HEALTH CARE AND QUALITY OF LIFE. MOST OF THE COUNCIL'S MORE THAN 100 MEMBERS ARE COMPANIES, INCLUDING WALMART, TYSON FOODS, J.B. HUNT TRANSPORT SERVICES, INC., SIMMONS FOODS AND GEORGE'S, INC.OVER THE YEARS, WE SUPPORTED THE DEVELOPMENT OF NEW ROADS AND THRIVING DOWNTOWN SQUARES AND HELPED SHAPE CULTURAL DESTINATIONS LIKE CRYSTAL BRIDGES MUSEUM OF AMERICAN ART, WALMART AMP, ARVEST BALLPARK, SCOTT FAMILY AMAZEUM, THE MOMENTARY, WALTON ARTS CENTER, THEATRESQUARED, UNIVERSITY OF ARKANSAS AND THE RAZORBACK REGIONAL GREENWAY. THERE'S MORE ON THE HORIZON, FROM THE LAKE FRANCES WATER PARK NEAR SILOAM SPRINGS TO THE RAMBLE IN DOWNTOWN FAYETTEVILLE.THE COUNCIL IS CURRENTLY FOCUSING IT'S EFFORTS IN THE FOLLOWING AREA: ARTS & CULTURE, BELONGING & BRIDGING, ECONOMIC DEVELOPMENT, ENTREPRENEURSHIP, HEALTH CARE,, HOUSING, INFRASTRUCTURE, ONWARD OZARKS, RECYCLING, REGIONAL GROWTH, TALENT ATTRACTION AND WORKFORCE DEVELOPMENT

    Expenses $1,434,582 · Revenue $254,113

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nick Hobbs

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Todd Simmons

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Jim Walton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Marshall Saviers

    VICE CHAIR/TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Canem Arkan

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rupal Poltack

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Charles Robinson

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Craig Rivaldo

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Jane Duke

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Carter Malloy

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John Randal Tyson

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Cindi Marsiglio

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Claude Pirtle

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brandom Gengelbach

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Nelson E Peacock

    EXECUTIVE DIRECTOR

    Total calculated
    $482,016
    From this org
    $0
    From related orgs
    $459,217
    Other
    $22,799
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $425,000 related
    Bonus
    $0 + $34,217 related
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $8,999 related
    Filer's total
    $0 + $482,016 related
  • Mike Harvey

    CHIEF OPERATING OFFICER

    Total calculated
    $277,935
    From this org
    $0
    From related orgs
    $258,592
    Other
    $19,343
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $239,384 related
    Bonus
    $0 + $19,208 related
    Other
    $0
    Deferred
    $0 + $10,344 related
    Nontaxable benefits
    $0 + $8,999 related
    Filer's total
    $0 + $277,935 related
  • Robert Smith

    POLICY DIRECTOR

    Total calculated
    $179,438
    From this org
    $0
    From related orgs
    $163,884
    Other
    $15,554
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $150,592 related
    Bonus
    $0 + $13,292 related
    Other
    $0
    Deferred
    $0 + $6,555 related
    Nontaxable benefits
    $0 + $8,999 related
    Filer's total
    $0 + $179,438 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513189349305736

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