Arkansas Advanced Energy Association Inc
- Assets
- $96.7k
- Revenue
- $359.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 08/2012
- Data as of
- 12/2023
- EIN
- 45-3724039
Organization Overview
Arkansas Advanced Energy Association Inc is located in Little Rock, AR. The organization was established in 2012. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Advanced Energy Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Arkansas Advanced Energy Association Inc generated $359.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $311.4k during the year ending 12/2023. While expenses have increased by 23.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
STREGTHEN THE ADVANCED ENERGY BUSINESS CLUSTER IN ARKANSAS BY CONDUCTING WORKFORCE DEVELOPMENT EMPLOYER FORUMS THROUGHOUT THE STATE; SPONSORING AND IDENTIFYING PROGRAMS THAT LINK INNOVATORS TO MARKETS; DEVELOPING STRATEGIES TO REMOVE MARKET BARRIERS TO ADVANCED ENERGY SERVICES AND PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION CONDUCTS COMMUNITY OUTREACH TO PROMOTE ITS MEMBER COMPANIES AND ENTREPRENEURS AND CREATE MORE PUBLIC AWARENESS OF THE ECONOMIC AND ENVIRONMENTAL BENEFITS OF ADVANCED ENERGY UTILIZATION.
THE ASSOCIATION PROVIDES EXPERTISE ON FEDERAL AND STATE PROGRAMS DESIGNED TO EXPAND OPPORTUNITIES FOR CLEAN TECH ENERGY COMPANIES AND RESEARCH INSTITUTIONS.
THE ASSOCIATION PROVIDES BENEFITS TO DUES-PAYING MEMBERS INCLUDING MEMBER BENEFIT DISCOUNTS; NETWORKING OPPORTUNITIES; PUBLIC AND PRIVATE GRANT OPPORTUNITY REFERRALS; AN ADVANCED ENERGY JOBS CLEARINGHOUSE FOR EMPLOYERS AND REGISTERED JOB SEEKERS; COLLABORATIVE OPPORTUNITIES WITH PUBLIC AND PRIVATE SECTOR PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Waldrip Executive Di | Officer | 20 | $88,058 |
Will Black Board Member | Officer | 2 | $0 |
Ethan Branscum Board Member | Officer | 2 | $0 |
Caleb Gorden Board Member | Officer | 2 | $0 |
Michael Hester Board Member | Officer | 2 | $0 |
Kyle Lockhause Board Member | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $164,810 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,810 |
| Total Program Service Revenue | $193,902 |
| Investment income | $426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $359,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,058 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,824 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $153,607 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,607 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $972 |
| Insurance | $0 |
| All other expenses | $2,462 |
| Total functional expenses | $311,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,592 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,459 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $676 |
| Total assets | $96,727 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $96,727 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $96,727 |