← ARKANSAS STATE CHAMBER OF COMMERCE FOUNDATION INC

Form 990 for tax year 2024

Filed by ARKANSAS STATE CHAMBER OF COMMERCE FOUNDATION INC.

Totals

Total revenue: $499,131
Total expenses: $474,028
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $498,859
Investment income: $272
Other revenue: $0
Total assets, end of year: $214,462
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $214,462
Program services expenses (Part IX): $402,924
Management and general expenses: $71,104
Fundraising expenses: $0
Program service expenses (Part III): $402,924

Program services were 85.0% 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.

2a · Program service revenue: SEMINARS/MEETINGS

total $498,859 · related or exempt $498,859
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $272 · related or exempt $0 · unrelated business $0 · excluded $272
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

4 · Benefits paid to or for members

total $0 · program services $0
11g · Fees: other

total $15,000 · program services $12,750 · management and general $2,250 · fundraising $0
12 · Advertising and promotion

total $168,234 · program services $142,999 · management and general $25,235
13 · Office expenses

total $6,724 · program services $5,715 · management and general $1,009 · fundraising $0
14 · Information technology

total $0 · fundraising $0
19 · Conferences, conventions and meetings

total $176,272 · program services $149,831 · management and general $26,441 · fundraising $0
24a · Other expenses: EVENT PRODUCTION

total $104,063 · program services $88,454 · management and general $15,609 · fundraising $0
24b · Other expenses: GRAPHIC DESIGN & MISCELLANOUS EXPENSES

total $3,735 · program services $3,175 · management and general $560 · fundraising $0
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $189,359 · end of year $214,462
5 · Loans and receivables from officers and key people

end of year $0
6 · Loans and receivables from disqualified persons

end of year $0
10a · Land, buildings and equipment: cost or other basis

$0
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

end of year $0
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $189,359 · end of year $214,462

Mission and programs · 2024

Mission

THE PURPOSE OF THE ARKANSAS STATE CHAMBER OF COMMERCE FOUNDATION IS TO SERVE AS THE POLICY DEVELOPMENT AND EDUCATIONAL ARM OF THE CHAMBER.

THE PURPOSE OF THE ARKANSAS STATE CHAMBER OF COMMERCE FOUNDATION IS TO SERVE AS THE POLICY DEVELOPMENT AND EDUCATIONAL ARM OF THE CHAMBER.

Expenses $402,924 · Revenue $498,859

As filed on the 2024 return.

Listed in Part VII

Gary Head

TREASURER

Total calculated

$0

Hours/week

1 + 1 related
Kenneth Hall

Executive Vice President

Total calculated

$194,383

From this org

$0

From related orgs

$183,833

Other

$10,550

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $175,833 related

Bonus

$0 + $8,000 related

Other

$0

Deferred

$0 + $10,550 related

Nontaxable benefits

$0

Filer's total

$0 + $194,383 related
Randy Zook

President & CEO

Total calculated

$477,450

From this org

$0

From related orgs

$456,750

Other

$20,700

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $320,250 related

Bonus

$0 + $136,500 related

Other

$0

Deferred

$0 + $20,700 related

Nontaxable benefits

$0

Filer's total

$0 + $477,450 related
Ray Dillon

CHAIRMAN

Total calculated

$0

Hours/week

1 + 1 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

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation: ARKANSAS STATE CHAMBER OF COMMERCE, A RELATED ORGANIZATION, USES A WRITTEN EMPLOYMENT CONTRACT AND APPROVAL OF THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION OF THE CEO.

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.

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.

ASSOCIATED INDUSTRIES OF ARKANSAS PAC

527 · POL. ACTION · AR · controlled entity

Directly controlled by ASCC
ASSOCIATED INDUSTRIES OF AR FOUNDATION

501(c)(3) · ECON DEVELOP · AR · controlled entity

Directly controlled by ASCC
AR STATE CHAMBER OF COMMERCE

501(c)(6) · COMMUNITY DEV · AR

Directly controlled by na
ARKANSAS STATE CHAMBER OF COMMERCE PAC

527 · POL. ACTION · AR · controlled entity

Directly controlled by ASCC
ASSOCIATED INDUSTRIES OF ARKANSAS INC

501(c)(6) · POL AWARENESS · AR · controlled entity

Directly controlled by ASCC
BUSINESSES FOR JUSTICE PAC

527 · POL. ACTION · AR · controlled entity

Directly controlled by ASCC
ARKANSAS STATE CHAMBER AIA IEC PAC

527 · POL. ACTION · AR · controlled entity

Directly controlled by ASCC
BE PRO BE PROUD INC

501(c)(3) · PROMOTE TECHNICAL PROFESSIONS · AR · controlled entity

Directly controlled by AIA FOUNDATION

Provenance

Return type: form_990
Tax year: 2024
Filed: 14 November 2025
IRS schema version: 2024v5.1
Source object: 202543189349308294

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

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