Arkansas Center For Data Sciences is located in Little Rock, AR. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Arkansas Center For Data Sciences employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Center For Data Sciences 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 12/2023, Arkansas Center For Data Sciences generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 33.2% each year . All expenses for the organization totaled $2.8m during the year ending 12/2023. 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
TO CONNECT EMPLOYERS WITH CAREER SEEKERS TO HELP THEM ATTRACT, TRAIN, AND RETAIN TOP TALENT WHILE ALSO CONTRIBUTING TO THE GROWTH OF THEIR INDUSTRY AND LOCAL ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ARKANSAS CENTER FOR DATA SCIENCES (ACDS) PROVIDES SERVICES TO EMPLOYERS NEEDING SPECIFIC SKILLS TO MAINTAIN AND GROW THEIR BUSINESSES. IN 2023 ACDS WAS ASKED TO CONTINUE WITH THE IT SECTOR, BUT ALSO BEGIN TO WORK WITH EMPLOYERS IN ADVANCED MANUFACTURING, TRANSPORTATION & LOGISTICS, HEALTHCARE, AND ENERGY. ACDS PROVIDES THE EMPLOYERS A SUPPLEMENTAL STAFFING STRATEGY USING THE REGISTERED APPRENTICESHIP PROGRAM. AT THE END OF 2023 ACDS GREW THE IT SECTOR, AND ESTABLISHED A GROWING PIPELINE IN THE NEW SECTORS. THE NUMBER OF APPRENTICES GREW FROM 249 IN 2022 TO 388 IN 2023, AND THE NUMBER OF PARTICIPATING EMPLOYERS GREW FROM 101 IN 2022 TO 145 IN 2023. THE ACDS GOAL TO SCALE TO 400 APPRENTICES AND 100 EMPLOYERS HAS BEEN FAR EXCEEDED AS WE WRITE THIS IN OCTOBER OF 2024. THE ROI FOR EMPLOYERS, THE LIFE CHANGING CAREERS FOR THE APPRENTICES AND THEIR FAMILIES, AND THE ECONOMIC IMPACT OF THE NEW WAGES IN ARKANSAS IS SIGNIFICANT. ACDS DEVELOPS THE TALENT APPLICATIONS BY ASSESSING, OFFERING FREE PRE-APPRENTICESHIP TRAINING, RESUME COACHING, AND MOCK INTERVIEWS. WE TAKE THE CANDIDATES WHERE THE ARE CURRENTLY AND PREPARE THEM TO BE EMPLOYER READY. TODAY WE HAVE APPROXIMATELY 1,500 ACTIVE CANDIDATES, AND WE HAVE ALMOST 1,000 ACTIVE APPRENTICES.ACDS WORKS DIRECTLY WITH THE EMPLOYERS UNDERSTANDING THE SKILLS THEY NEED. ACDS WORKS WITH THE TALENT POOL AND PROVIDES PRE-APPRENTICESHIP TRAINING, 302 IN 2023, WORK BASED LEARNING INTERNSHIPS, 51 IN 2023 WITH 82% BEING OFFERED FULL-TIME EMPLOYEMENT AFTER THE INTNERNSHIP, AND APPRENTICESHIPS, 388 IN 2023.THE MONTHLY NEWSLETTER CONTINUES TO PLAN AN IMPORTANT ROLE FOR EDUCATION AND COMMUNICATION. THE NUMBER OF SUBSCRIBERS HAS GROW FROM 7,276 IN 2022 TO 8,800 IN 2023. THE NUMBER OF SOCIAL MEDIA FOLLOWERS HAS GROWN FORM 4,109 IN 2022 TO 5,800 IN 2023.THE TALEND DEVELOPMENT TEAM HAD 4,174 INDIVIDUAL APPLICATIONS, AND IN 2023 THAT NUMBER WAS 5,163 BRINGING OUR TOTAL TO-DATE TO 16,353.THE UNIFIED COMMUNITY APPRENTICESHIP TEAM (UCAT) CONTINUED TO MEET MONTHLY IN 2023. THIS TEAM HAS EVOLVED TO AND ITS MISSION HAS BECOME THE STATEWIDE APPRENTICESHIP EXPANSION MEETING NOW WEEKLY.THE DEPARTMENT OF LABOR CONTINUED TO COMPLIMENT THE ACDS OUTCOMES THAT ARE BEING REPORTED QUARTERLY. ACDS BENEFITED FROM THE DEPARTMENT OF LABOR FORMULA FUNDING STATE APPRENTICE EXPANXION FUNDING GRANTS THAT STATE OF ARKANSAS DEPARTMENT OF COMMERCE THROUGH THE DIVISION OF THE OFFICE OF SKILLS DEVELOPMENT FUNDED TWO NEW ACDS RESOURCES TO FOCUS ON THE NEW SECTORS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Willam R Yoder Executive Director | Officer | 40 | $200,000 |
Lonnie Emard Director Of Apprenticeship | 40 | $199,001 | |
Charles Morgam Chairman | Trustee | 1 | $0 |
Michael Preston Director | Trustee | 1 | $0 |
Warren Stephens Director | Trustee | 1 | $0 |
Scott Spradley Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,308,193 |
All other contributions, gifts, grants, and similar amounts not included above | $515,008 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,823,201 |
Total Program Service Revenue | $1,300 |
Investment income | $1,870 |
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 | $2,826,371 |
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. | $410,832 |
Compensation of current officers, directors, key employees. | $102,708 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,274,462 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $70,326 |
Payroll taxes | $120,639 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $19,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $816,526 |
Advertising and promotion | $35,079 |
Office expenses | $0 |
Information technology | $30,068 |
Royalties | $0 |
Occupancy | $0 |
Travel | $1,046 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $814 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,538 |
Insurance | $6,342 |
All other expenses | $214 |
Total functional expenses | $2,824,865 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $520,701 |
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 | $1,617 |
Net Land, buildings, and equipment | $2,538 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $524,856 |
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 | $1,247 |
Total liabilities | $1,247 |
Net assets without donor restrictions | $0 |
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 | $523,609 |
Total liabilities and net assets/fund balances | $524,856 |