Form 990 for tax year 2024
Filed by ARKANSAS ECONOMIC DEVELOPERS AND CHAMBER EXECUTIVES.
Totals
- Total revenue
- $264,199
- Total expenses
- $170,740
- Contributions and grants received
- $184,403
- Grants paid
- $0
- Program service revenue
- $72,342
- Investment income
- $3,854
- Other revenue
- $3,600
- Total assets, end of year
- $525,772
- Total liabilities, end of year
- $5,423
- Net assets or fund balances, end of year
- $520,349
- Program services expenses (Part IX)
- $159,010
- Management and general expenses
- $11,730
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $159,010
Program services were 93.1% 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.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$85,203
-
1f · All other contributions, gifts and grants
$99,200
-
2a · Program service revenue: PROGRAM SERVICE REVENU
total $72,342 · related or exempt $72,342
-
3 · Investment income
total $3,854 · excluded $3,854
-
11a · Other revenue: OTHER REVENUE
total $3,600 · related or exempt $3,600
-
11e · Other revenue, total
$3,600
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $84,011 · program services $84,011
-
11c · Fees: accounting
total $3,998 · management and general $3,998
-
12 · Advertising and promotion
total $4,055 · program services $4,055
-
13 · Office expenses
total $6,728 · management and general $6,728
-
16 · Occupancy
total $68,333 · program services $68,333
-
17 · Travel
total $2,611 · program services $2,611
-
24a · Other expenses: BOARD EXPENSES
total $1,004 · management and general $1,004
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $188,950 · end of year $278,555
-
2 · Savings and temporary cash investments
beginning of year $243,363 · end of year $247,217
-
25 · Other liabilities
beginning of year $5,423 · end of year $5,423
-
27 · Net assets without donor restrictions
beginning of year $426,890 · end of year $520,349
Mission and programs · 2024
Mission
EDUCATION AND PROFESSIONAL DEVELOPMENT OF THE MEMBERS OF THE ORGANIZATION.
-
EDUCATION AND PROFESSIONAL DEVELOPMENT OF THE MEMBERS OF THE ORGANIZATION.
Expenses $159,010
As filed on the 2024 return.
Listed in Part VII
-
GARY TROUTMAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
STEVE COX
1ST VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
JULIE ALLEN
2ND VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
ALLISON HESTAND
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
STEVEN LAMM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ALICIA PAYSENO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
COLLEEN BAILEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
LEO CUMMINGS III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JAMES BELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ANITA BRACKIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ASHLEE VAUGHAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
TONYA FLETCHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
LOGAN MOLOCK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BENTLEY STORY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
RANDY ZOOK
EX-OFFICIO BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CLINT O'NEAL
EX-OFFICIO BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JACK THOMAS
EX-OFFICIO BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
NANCY LEE MCNEW
EX-OFFICIO BOARD MEMBER -
- Total calculated
- $0
- Hours/week
- 1
-
CANDICE LAWRENCE
EXECUTIVE SECRETARY/DIRECT
- Total calculated
- $129,167
- From this org
- $0
- From related orgs
- $129,167
- Other
- $0
- Hours/week
- 30
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.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ARKANSAS STATE CHAMBER OF COMMERCE
501(C)(6) · GOVERNMENTAL AFFAIRS · AR
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523219349308142
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