Form 990 for tax year 2023

Totals

Total revenue

$2,826,371

Total expenses

$2,824,865

Contributions and grants received

$2,823,201

Grants paid

$0

Program service revenue

$1,300

Investment income

$1,870

Other revenue

$0

Total assets, end of year

$524,856

Total liabilities, end of year

$1,247

Net assets or fund balances, end of year

$523,609

Program services expenses (Part IX)

$2,270,490

Management and general expenses

$554,375

Fundraising expenses

$0

Program service expenses (Part III)

$2,270,490

Program services were 80.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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

• THE ARKANSAS CENTER FOR DATA SCIENCES (ACDS) PROVIDES SERVICES TO EMPLOYERS NEEDING SPECIFIC SKILLS TO MAINTAIN AND GROW THEIR BUSINESSES. IN 2023 ACDS WAS ASKED TO CONTINUE WITH THE IT SECTOR, BUT ALSO BEGIN TO WORK WITH EMPLOYERS IN ADVANCED MANUFACTURING, TRANSPORTATION & LOGISTICS, HEALTHCARE, AND ENERGY. ACDS PROVIDES THE EMPLOYERS A SUPPLEMENTAL STAFFING STRATEGY USING THE REGISTERED APPRENTICESHIP PROGRAM. AT THE END OF 2023 ACDS GREW THE IT SECTOR, AND ESTABLISHED A GROWING PIPELINE IN THE NEW SECTORS. THE NUMBER OF APPRENTICES GREW FROM 249 IN 2022 TO 388 IN 2023, AND THE NUMBER OF PARTICIPATING EMPLOYERS GREW FROM 101 IN 2022 TO 145 IN 2023. THE ACDS GOAL TO SCALE TO 400 APPRENTICES AND 100 EMPLOYERS HAS BEEN FAR EXCEEDED AS WE WRITE THIS IN OCTOBER OF 2024. THE ROI FOR EMPLOYERS, THE LIFE CHANGING CAREERS FOR THE APPRENTICES AND THEIR FAMILIES, AND THE ECONOMIC IMPACT OF THE NEW WAGES IN ARKANSAS IS SIGNIFICANT. ACDS DEVELOPS THE TALENT APPLICATIONS BY ASSESSING, OFFERING FREE PRE-APPRENTICESHIP TRAINING, RESUME COACHING, AND MOCK INTERVIEWS. WE TAKE THE CANDIDATES WHERE THE ARE CURRENTLY AND PREPARE THEM TO BE EMPLOYER READY. TODAY WE HAVE APPROXIMATELY 1,500 ACTIVE CANDIDATES, AND WE HAVE ALMOST 1,000 ACTIVE APPRENTICES.ACDS WORKS DIRECTLY WITH THE EMPLOYERS UNDERSTANDING THE SKILLS THEY NEED. ACDS WORKS WITH THE TALENT POOL AND PROVIDES PRE-APPRENTICESHIP TRAINING, 302 IN 2023, WORK BASED LEARNING INTERNSHIPS, 51 IN 2023 WITH 82% BEING OFFERED FULL-TIME EMPLOYEMENT AFTER THE INTNERNSHIP, AND APPRENTICESHIPS, 388 IN 2023.THE MONTHLY NEWSLETTER CONTINUES TO PLAN AN IMPORTANT ROLE FOR EDUCATION AND COMMUNICATION. THE NUMBER OF SUBSCRIBERS HAS GROW FROM 7,276 IN 2022 TO 8,800 IN 2023. THE NUMBER OF SOCIAL MEDIA FOLLOWERS HAS GROWN FORM 4,109 IN 2022 TO 5,800 IN 2023.THE TALEND DEVELOPMENT TEAM HAD 4,174 INDIVIDUAL APPLICATIONS, AND IN 2023 THAT NUMBER WAS 5,163 BRINGING OUR TOTAL TO-DATE TO 16,353.THE UNIFIED COMMUNITY APPRENTICESHIP TEAM (UCAT) CONTINUED TO MEET MONTHLY IN 2023. THIS TEAM HAS EVOLVED TO AND ITS MISSION HAS BECOME THE STATEWIDE APPRENTICESHIP EXPANSION MEETING NOW WEEKLY.THE DEPARTMENT OF LABOR CONTINUED TO COMPLIMENT THE ACDS OUTCOMES THAT ARE BEING REPORTED QUARTERLY. ACDS BENEFITED FROM THE DEPARTMENT OF LABOR FORMULA FUNDING STATE APPRENTICE EXPANXION FUNDING GRANTS THAT STATE OF ARKANSAS DEPARTMENT OF COMMERCE THROUGH THE DIVISION OF THE OFFICE OF SKILLS DEVELOPMENT FUNDED TWO NEW ACDS RESOURCES TO FOCUS ON THE NEW SECTORS.

  Expenses $2,270,490 · Revenue $1,300

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

8 November 2024

IRS schema version

2023v5.1

Source object

202443139349304039

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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