Form 990 for tax year 2023

Totals

Total revenue

$1,465,651

Total expenses

$1,332,109

Contributions and grants received

$972,630

Grants paid

$0

Program service revenue

$484,185

Investment income

$8,836

Other revenue

$0

Total assets, end of year

$1,050,503

Total liabilities, end of year

$555,311

Net assets or fund balances, end of year

$495,192

Program services expenses (Part IX)

— not reported

Management and general expenses

— not reported

Fundraising expenses

— not reported

Program service expenses (Part III)

$1,332,110

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.

Mission and programs · 2023

• 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 $1,332,110 · Revenue $484,185

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

2023

Filed

13 November 2024

IRS schema version

2023v5.1

Source object

202423209349318522

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