South Arkansas Venture Enterprises Inc

Organization Overview

South Arkansas Venture Enterprises Inc is located in Pine Bluff, AR. The organization was established in 1982. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Arkansas Venture Enterprises Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2023, South Arkansas Venture Enterprises Inc generated $206.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $303.1k during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE RLF PROGRAM WAS CREATED TO ASSIST ELIGIBLE SMALL BUSINESSES IN ARKANSAS, ASHLEY, BRADLEY, CHICOT, CLEVELAND, DESHA, DREW, GRANT, JEFFERSON, AND LINCOLN COUNTIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTED OVER $423,000 WORTH OF LOANS FOR OUR DISTRICT AREA. DEVELOPMENT BY PROVIDING DEBT FINANCING TO BUSINESSES IN SOUTHEAST ARKANSAS


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
President
$0
Name Not Listed
Vice President
$0
Name Not Listed
Secretary
$0
Name Not Listed
Treasurer
$0
Name Not Listed
Board Member
$0
Name Not Listed
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $110,000
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$110,000
Total Program Service Revenue$96,805
Investment income $125
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 $206,930

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