ARKANSAS ADVANCED ENERGY ASSOCIATION INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ARKANSAS ADVANCED ENERGY ASSOCIATION INC (EIN 45-3724039)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-06-17
IRS object ID
202421699349300327
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-06-17T10:21:13-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN710448488PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RASCO WINTER THOMAS GROUPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 RIVER BLUFF DR STE 200AddressLine1Txt
CityLITTLE ROCKCityNm
State AbbreviationARStateAbbreviationCd
ZIP722022218ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN453724039EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ARKANSAS ADVANCED ENERGYBusinessNameLine1Txt
Business Name Line2ASSOCIATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlARKABusinessNameControlTxt
Phone5017123186PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1411 S VICTORY 207AddressLine1Txt
CityLITTLE ROCKCityNm
State AbbreviationARStateAbbreviationCd
ZIP72201ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLAUREN WALDRIPPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone5017123186PhoneNum
Signature2024-05-08SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLAURENPersonFirstNm
Person LastWALDRIPPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJ ALAN ABSTON CPAPreparerPersonNm
PTINP00180267PTIN
Phone5013758500PhoneNum
Preparation2024-06-17PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLAUREN WALDRIPPrincipalOfficerNm
Gross Receipts$359,396GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressHTTPS://ARKANSASADVANCEDENERGY.COM/WebsiteAddressTxt
Type Of Organization AssocYes (X)TypeOfOrganizationAssocInd
Activity Or MissionSTREGTHEN 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.ActivityOrMissionDesc
Voting Members Governing Body14VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
CY Contributions Grants$164,810CYContributionsGrantsAmt
CY Program Service Revenue$193,902CYProgramServiceRevenueAmt
CY Investment Income$426CYInvestmentIncomeAmt
CY Other Revenue$258CYOtherRevenueAmt
CY Total Revenue$359,396CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$123,882CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
CY Other Expenses$187,499CYOtherExpensesAmt
CY Total Expenses$311,381CYTotalExpensesAmt
CY Revenues Less Expenses$48,015CYRevenuesLessExpensesAmt
Total Assets BOY$48,712TotalAssetsBOYAmt
Total Assets EOY$96,727TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$48,712NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$96,727NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSTREGTHEN 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.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescTHE 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.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescTHE ASSOCIATION PROVIDES EXPERTISE ON FEDERAL AND STATE PROGRAMS DESIGNED TO EXPAND OPPORTUNITIES FOR CLEAN TECH ENERGY COMPANIES AND RESEARCH INSTITUTIONS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescTHE 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.Desc
FieldValueIRS element (for citing)
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document7IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members14GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonLAUREN WALDRIPPersonNm
Phone5017123186PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1411 S VICTORY 207AddressLine1Txt
CityLITTLE ROCKCityNm
State AbbreviationARStateAbbreviationCd
ZIP72201ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
LAUREN WALDRIP
EXECUTIVE DI20.0020.00Yes (X)$88,058$0$3,656
WILL BLACK
BOARD MEMBER2.002.00Yes (X)$0$0$0
ETHAN BRANSCUM
BOARD MEMBER2.002.00Yes (X)$0$0$0
CALEB GORDEN
BOARD MEMBER2.002.00Yes (X)$0$0$0
MICHAEL HESTER
BOARD MEMBER2.002.00Yes (X)$0$0$0
KYLE LOCKHAUSE
BOARD MEMBER2.002.00Yes (X)$0$0$0
HEATHER NELSON
BOARD MEMBER2.002.00Yes (X)$0$0$0
KATIE NIEBAUM
BOARD MEMBER2.002.00Yes (X)$0$0$0
PAUL OSBORN
BOARD MEMBER2.002.00Yes (X)$0$0$0
LISA PERRY
BOARD MEMBER2.002.00Yes (X)$0$0$0
ALEX RAY
BOARD MEMBER2.002.00Yes (X)$0$0$0
COLLIN RIGGIN
BOARD MEMBER2.002.00Yes (X)$0$0$0
DAVID STITT
BOARD MEMBER2.002.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$88,058TotalReportableCompFromOrgAmt
Total Other Compensation$3,656TotalOtherCompensationAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Federated Campaigns$164,810FederatedCampaignsAmt
Total Contributions$164,810TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$193,902TotalRevenueColumnAmt
Related Or Exempt Func Income$193,902RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$193,902TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$426TotalRevenueColumnAmt
Related Or Exempt Func Income$426RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescCASH BACK REWARDSDesc
Total Revenue Column$258TotalRevenueColumnAmt
Related Or Exempt Func Income$258RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$258OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$359,396TotalRevenueColumnAmt
Related Or Exempt Func Income$194,586RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$88,058TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$35,824TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$153,607TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,607TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$972TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
EVENT EXPENSE$14,779
OFFICE EXPENSES$6,103
TRAVEL$4,499
FEES$2,470

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,462TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$311,381TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$40,503BOYAmt
EOY$94,592EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,039LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,580LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,431BOYAmt
EOY$1,459EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$5,778BOYAmt
EOY$676EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$48,712BOYAmt
EOY$96,727EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$48,712BOYAmt
EOY$96,727EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$48,712BOYAmt
EOY$96,727EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$48,712BOYAmt
EOY$96,727EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$48,015ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,039OtherCostOrOtherBasisAmt
Depreciation$1,580DepreciationAmt
Book Value$1,459BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,459TotalBookValueLandBuildingsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONSTREGTHEN 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.
FORM 990, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
FORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC
FORM 990, PART IX, LINE 11G153,607 0 0

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