Arkansas Economic Defense Fund
- Assets
- $665.1k
- Revenue
- $10.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fayetteville, AR
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 45-5220405
Organization Overview
Arkansas Economic Defense Fund is located in Fayetteville, AR. The organization was established in 2017. According to its NTEE Classification (R60) the organization is classified as: Civil Liberties, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Economic Defense Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Arkansas Economic Defense Fund generated $10.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (39.5%) each year. All expenses for the organization totaled $2.3k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ARKANSAS ECONOMIC DEFENSE FUND, INC. (AEDF) IS A NONPROFIT ORGANIZATION DEDICATED TO THE PROTECTION OF THE ECONOMIC RIGHTS AND INTERESTS OF EVERY ARKANSAN BY SPECIFICALLY ASSISTING IN THE LEGAL DEFENSE OF THEIR ECONOMIC LIBERTY FROM OVER TAXATION, EXCESSIVE GOVERNMENT REGULATION, AND AN UNCHECKED LEGAL SYSTEM. AEDF WORKS TO EDUCATE AND EXPOSE THE PUBLIC TO ILLEGAL, UNJUST, AND WRONGFUL 1) EXACTION OF TAXES AND THE TAX POLICIES THAT PRODUCE THEM; 2) ANTI-BUSINESS AND JOB-KILLING REGULATIONS; AND 3) UNFAIR AND UNPREDICTABLE CIVIL INJUSTICE WITHIN OUR CURRENT JUDICIAL SYSTEM. WE PROMOTE KNOWLEDGE AND INVOLVEMENT FROM THE LOCAL COMMUNITY TO ALLOW THE DEMOCRATIC PROCESS TO PROCEED FAIRLY AND FAVORABLY TO ACHIEVE ECONOMIC FREEDOM FOR ALL. BASED IN FAYETTEVILLE ARKANSAS, WE REGULARLY MONITOR LOCAL AND STATE-WIDE ISSUES AND THE ACTIVITY OF OUR ELECTED OFFICIALS IN ORDER TO PROVIDE ARKANSANS WITH A FREE ECONOMIC ENVIRONMENT WHICH ALLOWS ALL CITIZENS TO RISE FAIRLY 'UP THE ECONOMIC LADDER.' AEDF
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ARKANSAS ECONOMIC DEFENSE FUND MONITORS LOCAL AND STATE COMMITTEES, BOARDS, LEGISLATIVE BODIES, AND THE COURTS TO INSURE THE CITIZENS OF THE STATE OF ARKANSAS NOT ONLY KNOW, BUT UNDERSTAND THE ECONOMIC IMPACT THAT THESE ENTITIES HAVE ON EACH OF US. FAIR AND OPEN CREATION, IMPLEMENTATION, AND CONSEQUENCES OF THE ACTIONS OF THESE ENTITIES ARE OUR PRIMARY CONCERNS. WE NOT ONLY EDUCATE, BUT ALSO LITIGATE WHEN STANDARDS ARE NOT MET, OBFUSCATION OCCURS, AND WHEN FREEDOMS ARE ABUSED. WE STAND ON THE PRINCIPAL THAT WITHOUT GOOD AND BALANCED ECONOMICS, LITTLE ELSE CAN BE ACCOMPLISHED TO PROMOTE THE WELFARE OF OUR CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Maynard Chairman, Ex | OfficerTrustee | $0 | |
Brenda Vassaur-Taylor Director, Pr | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $0 |
| Investment income | $707 |
| 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 | $10,707 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $0 |
| Advertising and promotion | $2,261 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $10 |
| Total functional expenses | $2,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,579 |
| Savings and temporary cash investments | $463,535 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $665,114 |
| 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 | $50,000 |
| Total liabilities | $50,000 |
| Net assets without donor restrictions | $615,114 |
| 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 | $665,114 |