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WPS2 FUND

EIN 86-3249698 BENTONVILLE, AR

Largest nonprofits in Arkansas

Revenue 2023
$915,804
Expenses 2023
$5,181,531

Program services were 99.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
04
NTEE code
B01
Classification
3000
Street
PO BOX 1860

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

18 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 · 2023

Mission

WPS2 Fund is organized, and shall be operated exclusively, for civic and social welfare purposes. In particular, the purpose of the Corporation is to support innovations and reforms to improve public and private K-12 education for the benefit of all students. The Corporation will support and foster such innovations and reforms through mission-related investments, grants to nonprofit organizations, and conducting such other activities as determined by the Corporation's Board of Directors.

Activities or mission (Part I)

The organization's mission is to support innovations and reforms to improve public and private K-12 education for the benefit of all students.

  • To make education impact and social impact investments in enterprises to support education innovation for K-12 public and private schools. Education impact investments are equity or debt investments in enterprises producing innovative materials, curricula, models, systems, technologies and other items designed to improve K-12 education by creating and expanding methods, products, services and opportunities to help what students learn, where they learn and how they learn.

    Expenses $5,157,656

As filed on the 2023 return.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Buddy D Philpot

    DIRECTOR, PRESIDENT, TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Eliza Erickson

    DIRECTOR (UNTIL 10/15/23)

    Total calculated
    $0
    Hours/week
    0.5

  • Marc Holley

    DIRECTOR (FROM 10/15/23)

    Total calculated
    $0
    Hours/week
    0.5

  • Erron Smith

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

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. Earlier years are each on their own filing page.

Filings

  • 2023
    Revenue
    $915,804
    Expenses
    $5,181,531
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $276,082,637
    Expenses
    $5,358,913
    Contributions
    $307,809,150
    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
    $1,485,640
    Expenses
    $1,341,157
    Assets (EOY)
    $58,394,483

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.

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

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related partnerships on its 2023 return

  • A-Street Ventures LP

    Related · Investment Fund · DE · 79.12% owned · share of income $60,958 · share of assets $153,123,421

  • ASV GM 2022 LLC

    Related · INVESTMENTS · DE · 100% owned · share of income $3 · share of assets $75,830,916

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

Not present in the most recent drop.

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 2023, the newest we have parsed for this organization.