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ARKANSAS VENTURE CENTER

EIN 46-4108871 LITTLE ROCK, AR

Revenue 2024
$1,169,192
Expenses 2024
$1,302,039

Program services were 24.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S30
Classification
1000
Street
417 MAIN ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

3 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

THE VENTURE CENTER HELPS STARTUPS OBTAIN CUSTOMER VALIDATION & REACH VIABILITY THROUGH SYSTEMATIC PROGRAMMING, PREMIUM MENTORSHIP THAT LEVERAGES BEST PRACTICES IN LEAN METHODOLOGY & STRATEGIC ACCELERATION WITH AN EYE ON REACHING SCALE AND CREATING MEASURABLE ECONOMIC IMPACT.

Activities or mission (Part I)

THE VENTURE CENTER HELPS STARTUPS OBTAIN CUSTOMER VALIDATION & REACH VIABILITY THROUGH SYSTEMATIC PROGRMMING, PREMIUM MENTORSHIP THAT LEVERAGES BEST PRACTICES IN LEAN METHODOLOGY & STRATEGIC ACCELERATION WITH AN EYE ON REACHING SCALE AND CREATING MEASURABLE ECONOMIC IMPACT.

  • THE VENTURE CENTER PROGRAMMED AND LAUNCHED THREE ACCELERATORS DURING THE YEAR. THE ARKANSAS BANKING SOLUTIONS ACCELERATOR/ABSA IS A CONTINUATION OF THE SUCCESSFUL FINTECH PROGRAM MATCHING FINTECH START-UPS WITH BANKS. THE VETERAN-OWNED SMALL BUSINESS ACCELERATOR/VOSB, IN PARTNERSHIP WITH THE ARKANSAS SMALL BUSINESS ADMINISTRATION, IS THE SECOND COHORT OF A TRAINING AND PROFESSIONAL EDUCATION PROGRAM HELPING VETERANS SUCCESSFULLY GROW THEIR EXISTING SMALL BUSINESSES. THE ARKANSAS LITHIUM TECHNOLOGY ACCELERATOR/ALTA, IN PARTNERSHIP WITH MAJOR ENERGY PRODUCERS, IS A NEW PROGRAM BRINGING LEADING LITHIUM ION BATTERY SUPPLY CHAIN TECHNOLOGY START-UP COMPANIES TO ARKANSAS, TO HELP BUILD A NEW LITHIUM ECONOMY IN SUPPORT OF THE NASCENT LITHIUM MINING AND REFINING INDUSTRY IN SOUTH ARKANSAS.

    Expenses $300,270

  • THE VENTURE CENTER HELPED PROGRAM AND LAUNCH THE FIRST ARKANSAS LITHIUM INNOVATION SUMMIT, LED BY ARKANSAS COMMERCE SECRETARY HUGH MCDONALD, WITH THE GOAL OF EDUCATING THE LITHIUM/ENERGY INDUSTRY AND OTHER KEY NATIONAL AND STATE GOVERNMENT, ACADEMIC AND BUSINESS LEADERS ABOUT THE ECONOMIC POTENTIAL OF THE STATE'S LITHIUM RESERVES IN THE SMACKOVER FORMATION.

    Expenses $15,998

  • THE VENTURE CENTER'S ENTREPRENEURSHIP AND EDUCATIONAL PROGRAMS HAVE SUBSTANTIALLY CONTRIBUTED TO THE CREATION OF MULTIPLE NEW COMPANIES, THE GROWTH OF EXISTING SMALL BUSINESSES AND THE RENEWED INNOVATION OF LARGE CORPORATIONS IN THE STATE. THE VENTURE CENTER IS ALSO FOSTERING AND GROWING A COMMUNITY OF MEMBERS, MENTORS AND PARTNERS THROUGH CURATED PROGRAMMING AND EVENTS RANGING FROM LECTURES AND WORKSHOPS TO SOCIAL AND PROFESSIONAL NETWORKING EVENTS.

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Ray Dillon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Millie Ward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • John Haley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Jim Womble

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Jay Chesshir

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • James Hendren

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.3
  • Collins Andrews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Bill Yoder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Arthur Orduna

    EXECUTIVE DIRECTOR

    Total calculated
    $233,020
    From this org
    $217,499
    From related orgs
    $0
    Other
    $15,521
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,464
    Bonus
    $25,000
    Other
    $16,035
    Deferred
    $6,150
    Nontaxable benefits
    $9,371
    Filer's total
    $233,020
  • Mike O'Malley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $1,169,192
    Expenses
    $1,302,039
    Contributions
    $1,096,387
    Grants paid
    $0
  • 2023
    Revenue
    $1,441,064
    Expenses
    $1,898,909
    Contributions
    $1,272,345
    Grants paid
    $0
  • 2022
    Revenue
    $1,886,810
    Expenses
    $2,131,949
    Contributions
    $1,582,928
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $2,111,036
    Expenses
    $1,647,407
    Assets (EOY)
    $4,361,436
  • 2020 · 990

    Revenue
    $3,402,761
    Expenses
    $1,270,226
    Assets (EOY)
    $3,548,174
  • 2019 · 990

    Revenue
    $1,749,130
    Expenses
    $1,291,122
    Assets (EOY)
    $1,539,302
  • 2018 · 990

    Revenue
    $1,142,806
    Expenses
    $988,469
    Assets (EOY)
    $1,103,493
  • 2017 · 990

    Revenue
    $962,627
    Expenses
    $871,690
    Assets (EOY)
    $977,156
  • 2016 · 990

    Revenue
    $1,049,622
    Expenses
    $720,614
    Assets (EOY)
    $837,212
  • 2015 · 990

    Revenue
    $789,612
    Expenses
    $296,420
    Assets (EOY)
    $528,165
  • 2014 · 990

    Revenue
    $259,559
    Expenses
    $225,223
    Assets (EOY)
    $36,646

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Form 990-N e-Postcard, tax year 2013

Tax period
1 January 2013 to 31 December 2013
Principal officer
Lee Watson
Mailing address
1 Chamber PlazaLittle Rock AR 72201

As filed, from the IRS e-Postcard file of 26 October 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.