THE STORIE$ B3HIND THE NUMBER5
2017 Annual Report Table of Contents Letter from Leadership..................................................... 3
CHOICES.............................................................................13
Chapter 1: Educators........................................................ 4
Calendar Program.............................................................13
Professional Development Training............................... 4
Bessie B. Moore Awards Program.................................14
REAL Econ for All............................................................... 5
Chapter 3: Supporters....................................................15
E3: Empowering Entrepreneurship Education........... 6
Centers for Economic Education..................................15
Connecting Educators to Industry................................. 7
Polly M. Jackson Master Economics Teachers..............16
Itty Bitty Economics........................................................... 8
Board 0f Directors............................................................ 17
Economics of Sports.......................................................... 9
Executive Committee Members....................................18
Econ in the Rock................................................................. 9
Board Members..................................................................18
Chapter 2: Students........................................................1o
Economics Arkansas Foundation..................................19
Stock Market GameTM Program.....................................1o
Donors.............................................................................20-21
InvestWriteTM........................................................................11
2017 Leadership in Free Enterprise Awards and
Arkansas Reads One Book..............................................12
Excellence in Free Enterprise Awards....................... 22
Teacher Grants...................................................................12
Staff Members................................................................... 22
EconomicsArkansas.org
n 1918, in the tiny hamlet of Dover, Arkansas (Pope County), a little boy was born, the youngest of 12 children. His mother died in childbirth; his father was in jail. He and a brother were taken in by a couple of elderly aunts, the other siblings scattered among distant relatives in Oklahoma and Arkansas. The future looked grim. But when the boy was in fourth grade, a teacher noticed his keen interest in science. She took him under her wing and managed to have him transferred to the larger school district of nearby Russellville. After his high school graduation, she helped him with his college application and, when he decided to enroll in medical school, she drove him back and forth to UAMS in Little Rock for his interviews. The orphan boy became a doctor and practiced in Little Rock for many decades. He and his wife raised two boys, both of whom earned advanced college degrees and pursued professional careers. Their grandchildren are on a similar path. The little boy was my* father. Thanks to the attention and involvement of one caring teacher, he beat the odds of poverty and hopelessness. He lived the American Dream, as did my brother and I and our children — all thanks to one teacher. Our annual report is full of stories of how teachers are making a positive difference in the lives of their students. Especially if they are teaching economics, personal finance and the free enterprise system — all key to understanding how our world works and how to succeed. Enjoy these stories and join us to tell yours!
*Bob Hamilton Board Chairman
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John “Skipper” Ward Board President
There are countless ways to add economic literacy into all types of learning. Help us celebrate the teachers and training that make a difference.
Professional Development Training
GRADERS The freshmen at Chaffin Junior High (Fort Smith School District, Sebastian County) wondered what a list of “economics terms” had to do with English class. They knew they’d be taking “econ” as part of ninth grade, but how it fit in with math, history, civics, the sciences — and pretty much every other class they were taking — was also a mystery. But they soon discovered that economics is indeed everywhere, as they learned how to make decisions based on set criteria and anticipate the consequences of their choices.
Teaching educators how to integrate economics, personal finance and the free-enterprise system into a cross-disciplinary curriculum for the benefit of their PreK-12 students has been Economics Arkansas’s core work since 1962. Our training and programs are approved by the Arkansas Department of Education for professional development credit and are standardsbased, project-oriented and curriculum-aligned. In addition, it is relevant, engaging, hands-on and often downright fun. We like to say that we teach economics without the “eek.” Most importantly, the knowledge of economics, personal finance and the free-enterprise system represents the insight of how to succeed in our world.
Find more info at: EconomicsArkansas.org > For Teachers > Resources at a Glance by Category > Professional Development
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counties
served
REAL Econ for All Now in its fifth year, the REAL Econ for All conference is considered Economics Arkansas’s signature professional development training. Over the course of two days, close to 200 participants choose from 80+ concurrent sessions presented by industry experts to earn professional development hours, discuss new ideas and network with their peers. They also receive grade-appropriate lesson plans, curricula, books, DVDs and other materials. All sessions demonstrate again and again how easy and fun it can be to integrate economic, personal finance and entrepreneurship concepts into the PreK-12 classroom curriculum.
GRADERS
Find more info at: EconomicsArkansas.org > For Teachers > Resources at a Glance by Category > Professional Development/REAL Econ for All Conference
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CHAPTER ONE | EDUCATORS
For fourth-graders at Huntsville Intermediate School (Madison County), a picnic in the park and a walk through the woods are part of the classroom curriculum. So is making duck calls. It’s all part of a yearlong unit that teaches economic principles by examining Arkansas’s natural resources. The students learn about the economic impact of agriculture and tourism, as well as the homegrown entrepreneurs who used the state’s riches to become global companies. Their teacher, Sarah Glenn, presented more details about this innovative, handson project during the 2016 REAL Econ for All conference.
E3: Empowering Entrepreneurship Education
4th GRADERS For a few days in May, Woods Elementary School (Fort Smith School District, Sebastian County) turned into Woods Wondrous Wacky World — a makeshift amusement park, complete with decorations, concessions and carnival-style games. The project was the culmination of a seven-week-long economics unit involving almost 30 fourth-graders who researched and wrote a business plan, designed the park, interviewed for jobs, handled all marketing and publicity, staffed the booths and even negotiated — successfully — a $100 loan from a local bank. This is how one awestruck parent summarized the results: “The kids really learned how to start and run their own business. This is so practical to help prepare them for the real world.”
Why teach entrepreneurship in schools? According to a 2003 study, entrepreneurship is “one of the most critical missing ingredients in securing economic prosperity and a high quality of life for all Arkansans.” (Winthrop Rockefeller Foundation, Entrepreneurial Arkansas: Connecting the Dots) To address that need, it proposed as one of its key objectives for an entrepreneurship strategy the creation of a “pipeline of entrepreneurs” that would begin with entrepreneurship education in K-12 schools. Workshops such as our E3 series are an important part of that entrepreneurial education. Teachers receive valuable, ready-to-use resources to implement in the classroom and learn from local entrepreneurs how to plant the seeds in today’s students to become tomorrow’s business founders.
Find more info at: EconomicsArkansas.org > For Teachers > Resources at a Glance by Category > Professional Development/E3: Empowering Entrepreneurship Education
hours of professional
development given
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Connecting Educators to Industry Launched in the summer of 2016, the Connecting Educators series brings together middle and high school teachers and representatives from Arkansas vocational industry, skilled trades and manufacturing, agriculture, construction and trucking. Through panel discussions, presentations and tours of Arkansas plants and factories, educators learn how to best prepare their students for careers requiring a technical career education, rather than a college degree. The series was created to help address the emerging “skills gap” in the skilled labor and vocational sectors of the Arkansas economy. The state’s skilled professional workforce is aging, and the next generation of new talent is not sufficient to meet industry demand, especially in skilled manufacturing and technical trades. The Arkansas Chamber of Commerce reported in 2016 that there are approximately 60,000 unfilled positions statewide in highly skilled technical fields.
CHANNEL Students of the Technology Association at Maumelle High School (Pulaski County Special School District) experienced an unusual field trip. Upon arriving at the television studio of KATV Channel 7 in Little Rock, they did not watch the taping of the news broadcast — as they had done in years past — but got busy working behind the scenes. They shadowed the engineers in the master production booth, the sound engineers, the graphic artists and cinematographers and all the other various technicians that ensured a smooth broadcast. Back at school, they researched the degree and certification programs offered at UA-Pulaski Technical College to prepare students for those careers. It was an eyeopening experience into the high-paying, opportunity-rich world of career technical education, all made possible by their teacher’s attendance of a Connecting Educators to Industry workshop.
Learn more at: EconomicsArkansas.org > For Teachers > Resources at a Glance by Category > Professional Development Opportunities/Connecting Educators to Industry
23
in-services customized to school districts
21
at education Service Centers around the state
20
General Workshops AcROSS the state for PreK-12 EDUCATORS
workshops and trainings hosted
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10
presentations to classes of pre-service teachers at Arkansas colleges and universities
CHAPTER ONE | EDUCATORS
substitute reimbursement fees given back to Arkansas school districts for teachers attending our workshops during the school day
total value of scholarships, teacher grants, and curriculum
and teaching resources given
$2,514
$15,690
$4,811
$20,639
total financial assistance provided to METs to attend professional development conference total scholarships & grants awarded to teachers implementing economics and personal finance projects in their classrooms
value of scholarships to students to participate in Stock Market Game Program
value of curriculum and teaching resources given
Itty Bitty Economics
CLASSROOMS Kids say the darndest things, but some economic observations are right on track. Such as, “My brother took the last PopTart, so now there is a Pop-Tart scarcity in my house.” Or, “Can I do some chores to earn an allowance?” These comments and similar were heard in more than a dozen PreK classrooms whose students were exploring the basics about saving and spending, goods and services, and consumers and producers.
Here’s proof enough that even 4-year-olds can start learning about economics, personal finance and entrepreneurship! In partnership with several other educational organizations, Economics Arkansas launched Itty Bitty Economics for the youngest learners. Through songs, play, art and books, children learn the economic way of thinking.
Find more info at: EconomicsArkansas.org > For Teachers > Resources at a Glance by Category > Professional Development/IttyBitty Economics
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Economics of Sports The Economics of Sports workshop provides lesson plans, resources, and many tips and ideas about the relationship between the multibillion-dollar industry of athletics and economics and personal finance. They are a prime example of how Economics Arkansas uses innovative methods to respond to the changing nature of education. A topic not typically associated with academic learning — sports — serves as a successful technique to teach complex subjects. “How can you go broke making $5 million a year?” The seventh-graders at Manila Middle School (Mississippi County) were shocked to learn that this happens to quite a few professional athletes — their most admired role models. Their teacher mentioned many examples from the world of sports to illustrate economic and personal finance principles. In math class, the students referred to the lengths of football fields as units of measurements and studied NCAA statistics to gauge their probability of going pro (very unlikely). A social studies unit on saving and spending showed that even NFL stars aren’t immune to financial woes, and in career education, academic scholarships were discovered to offer more benefits than athletic scholarships.
Find more info at: EconomicsArkansas.org > For Teachers > Resources at a Glance by Category > Professional Development/Economics of Sports
Econ in the Rock Dinner and Dollars was part of Econ in the Rock, a series of workshops created to deepen teachers’ professional understanding of economics, personal finance and entrepreneurship. Economics Arkansas partnered with experts from finance, business and academia to provide hands-on instructions and classroom resources.
EDUCATORS
Find more info at: EconomicsArkansas.org > Event Calendar (for 2017-18 dates)
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CHAPTER ONE | EDUCATORS
What’s the difference between a dream and a goal? A plan. And the difference between a dream and a fantasy? A financial plan. Do you have a financial plan? More than 20 Arkansas educators learned how to create one during Dinner and Dollars, a course on personal finance for teachers. Dinner and Dollars connected PreK-12 educators to financial experts to explore topics such as saving, investing, banking, budgeting, credit and management. One seminar concluded with a trip to the [Clinton Library’s] Oval Office — a fitting reminder that our democracy is best served by citizens with a solid understanding of personal finance, economics and the free-enterprise system.
For children and teens, having a strong foundation in economics can be a path out and up. See how innovative programs help Arkansas students solve for success.
Stock Market Gametm Program
Braydon*, a middle school student in Pine Bluff, was constantly in trouble. If he showed up for school at all, he’d typically sit in the back of the classroom and crack jokes with the “bad” kids. Doing homework, paying attention, studying for tests — not so much. Then his teacher, Lillian Hemphill of Watson Chapel Junior High School, introduced the Stock Market Game. And Braydon experienced a complete turnaround. He moved to a seat in the first row and stopped receiving suspensions. “It was a game changer,” Ms. Hemphill said.
What would you do with $100,000? That’s the key question of the Stock Market GameTM program, an investment simulation competition. Each fall and spring semester, student teams in grades 4-12 invest a hypothetical portfolio in bonds, stocks and mutual funds. Those with the highest return at the end of each 10-week session receive prizes, public recognition and — new in 2016 — “The Bull” during awards luncheons in January and May. The program deepens student understanding of the U.S. economic system, economics, investing, math, business, language arts, social studies and personal finance while teaching teamwork, leadership and communication. It can also serve as the “great equalizer” for impoverished or marginal students who, like Braydon, discover a completely new way of thinking about success and opportunities. Franchised to Economics Arkansas since 1999, the Stock Market Game is owned by the Securities Industry Financial Markets Association (SIFMA). The program also includes: The Capitol Hill Challenge: A nationwide competition that pairs student teams with a congressional representative. Invest it Forward: A volunteer initiative for financial experts to present to classrooms about basic principles of investing. InvestWrite: An essay competition (see next page). Find more info at: EconomicsArkansas.org > For Teachers > Stock Market Game Program
*Not his real name
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students benefitted
students directly involved in Economics Arkansas programs 13,746: Stock Market GameTM | 2,490: CHOICES Program
INVESTWRITETM This national essay competition is a supplement for students participating in the Stock Market Game. It challenges them to evaluate a given investment scenario and propose solutions based on their findings, logic and ideas. The writing component reinforces the students’ investment knowledge, promotes critical thinking skills and supports writing literacy. Students participate by writing essays in their grade division: elementary (4-5), middle school (6-8), high school (9-12). Arkansas had two state winners in the spring 2017 competition: Jeffrey L. from Forest Park Elementary/Little Rock School District (Pulaski County) and Logan F. from Cabot High/Cabot School District (Lonoke County). The fall 2016 winners were Mackenzi T. from Warren Dupree Elementary/Jacksonville North Pulaski School District (Pulaski County) and Becca D., Dover High School/Dover School District (Pope County). Read their essays at: EconomicsArkansas.org > For Teachers > Stock Market Game Program
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CHAPTER TWO | STUDENTS
Why is diversity important? What is diversity? Diversity is necessary in the stock market and in normal daily life. If all you ate were potatoes and were addicted to them, but then all the potatoes got infected by a bug and you could not eat them anymore, w hat would you eat? This is just one silly example of why diversity is so important in life — and the stock market. - Excerpt from the award-winning submission to InvestWrite, spring 2017.
ARKANSAS READS ONE BOOK When life gives you The Lemonade War, start a reading initiative to teach financial literacy. The elementary students of the Magnolia School District did exactly that, involving students, their parents and local businesses for much of the spring 2017 semester. All K-6 students at East Side and Central Elementary Schools (Columbia County) received copies of the children’s novel, which tells of the fierce sibling rivalry between Jessie and Evan when each sets out to run a lemonade stand. Along the way, they master fundamental financial and entrepreneurial concepts. Community leaders read the chapters out loud and talked about their career paths during classroom visits. Parents and children discussed saving, budgeting and spending. The author, Jacqueline Davies, paid a personal visit. And a brother-and sister team organized their own lemonade stand in town — on strictly friendly terms.
The Lemonade War marked the debut of the statewide Arkansas Reads One Book initiative as a way to provide personal finance education not just to students, but also to their parents and the whole community. As a lead partner, Economics Arkansas developed the lesson plans and learning activities, including extension activities for parents via free downloads. Four school districts – Magnolia, Pea Ridge, Little Rock and Texarkana – participated; other districts are expected to join in 2017-18.
Learn more at: EconomicsArkansas.org > For Teachers > The Lemonade War
Teacher Grants The “Cinderella Stories” project was made possible, in part, by a teacher grant from Economics Arkansas. During the 2016-17 school year, teachers could apply for up to $500 in grant funds for special projects related to economics, personal finance or the free-enterprise system. Eligible expenses include project-related student materials, teacher supplies, guides and publications, books, charts, DVDs, technology and student field trips.
Cinderella stories from around the world worked their magic among the second- and third-grade students at Linda Childers Knapp Elementary and Jones Elementary Schools (Springdale School District, Washington County). Not only did they bring back memories of home for many of the immigrant children, but they also helped compare the economies of different countries, including that of their new world. “So that’s how it works over here,” commented one youngster. Additional children’s books rounded out the understanding of decision-making, opportunity cost, supply, demand, goods, services and more.
Learn more at: EconomicsArkansas.org > For Teachers > Resources at a Glance by Category > Financial Resources/Teacher Grant Programs
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CHOICES Economics Arkansas offers CHOICES in partnership with the Seattle-based CHOICES Education Group, which developed the workshop in the late 1980s. In two 45-minute sessions (over two days), students are led through a series of high-energy, interactive activities that teach critical thinking, decision-making, interview skills, money management, time management, goal setting and more. Specific emphasis is given to the consequences of dropping out of school and the benefits of making positive educational choices to increase their career and life opportunities. The teens experience “AHA” moments as they realize they are in charge of their lives. Find more info at: Choices.org
Calendar Program In partnership with the Federal Reserve Bank of St. Louis, Economics Arkansas produces an art invitational to create an economic concept calendar. Students in kindergarten through eighth grade submit drawings of economic concepts they’ve learned in the classroom. The artwork submitted is carefully reviewed for accuracy in depicting the economic concept selected, plus artistic creativity. Drawings chosen are reproduced in a calendar format and distributed to donors and educators statewide. Winners and their teacher advisors win cash awards and a copy of the calendar.
Lydia, Grade 6
Sadie, Grade 8
Springdale, Arkansas | May 2017
Bentonville, Arkansas | Cover 2017
Mokulani, Grade 1
Josie, Grade 5
El Dorado, Arkansas | March 2017
Greenbrier, Arkansas | November 2017
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CHAPTER TWO | STUDENTS
“I am just gonna drop out,” is something Cassie King, a teacher at Clarendon High School (Clarendon School District, Monroe County), used to hear frequently through the halls. But then students began voicing a different message. “You know your diploma is worth so much more? You can’t even pay your bills if you drop out.” In other words, “Stay in school and graduate.” Why this change of heart? CHOICES might have had something to do with it. The seventh- and eighthgrade students attended this workshop designed to motivate them to make smart academic and life choices. Role-playing and interactive exercises illustrated that decisions have long-term, even lifelong consequences. Students viewed a timeline of the future, tried — in vain — to pay all living expenses from the wages of an entry-level job and learned to prioritize life’s “big rocks” over “sand.” For many, it was the first time they envisioned a brighter future.
Don’t know much about economics? Let the students at Barton Junior Middle School (El Dorado School District, Union County) draw you a picture. Competition was fierce as only a few select entries would be chosen for submission to the Economics Concepts Calendar contest. And yet, all were winners, according to their teacher, Helene Lambert: “The Economics Arkansas Calendar Contest forced me to integrate economics into my curriculum, and I am glad that it did. Students need all the help that they can get about economics — understanding how and why business works is a vital tool. The contest really inspires and educates our students.”
Bessie B. Moore Awards Program
“BESSIES”
Launched in 1995, the Bessie B. Moore awards program honors exemplary teachers for novel, innovative and effective economics, entrepreneurship or personal finance projects in the classroom. The contest is open to educators PreK-12 from public and independent schools in Arkansas. To enter, teachers submit written descriptions of their projects, which are reviewed and judged by an independent panel of economic education specialists. The winners receive statewide recognition from board members and donors during an annual luncheon hosted each fall, a monetary award and — premiering in 2016 — ”The Bessie.”
It was a time of exploration and daring adventures. For several weeks, the Advanced Placement (AP) students at Greenbrier High School in Faulkner County turned their classroom into a virtual trade route. They set out to explore how countries gained wealth through the trade of commodities such as silk, spices and porcelain. They haggled as sellers and buyers of fabric (to explore demand and supply), fought off pretend pirates (to illustrate trade barriers) and carved up an African cake (to demonstrate government intervention). Through this learning opportunity, the students gained crucial insights into the workings of a free-market economy and how they can succeed in it. Their teacher, Rebekah Bilderback, won a Bessie B. Moore award for excellence in teaching economics and was honored during a gala luncheon on November 17, 2016.
Find more info at: EconomicsArkansas.org > For Teachers > Resources at a Glance by Category > Bessie B. Moore Awards Program
total value of “Recognition of Excellence” awards given to both students & teachers $800: Student & teacher winners in the fundraising luncheon award drawing contest* $9,025: Student & teacher winners in the Stock Market Game Program & InvestWrite Program $10,000: Teacher winners of the Bessie B. Moore Awards Program * Northwest Arkansas 2016 & Central Arkansas 2017
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Teamwork is always part of the equation. Join us in recognizing the many individuals and organizations working together to serve Arkansas students.
Centers for Economic Education Economics Arkansas partners with six university-based Centers for Economic Education across the state. They provide professional development opportunities for PreK-12 teachers, community-specific outreach and education for college students and adults.
Find more info at: EconomicsArkansas.org > About Us > Centers for Economic Education
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CHAPTER THREE | SUPPORTERS
total volunteer hours
792
board members and fundraising volunteers
334
CHOICES Program
Polly M. Jackson Master Economics Teachers (METs) METs serve as resource extenders by providing professional development training in economics, personal finance and entrepreneurship to other teachers across the state. Candidates undergo a rigorous nomination, selection and intern process before designation. Economics Arkansas is one of the few economic education councils in the nation that offers a MET program. Lisa Byrum Pulaski County Special School District Louise Crump Harrisburg School District Jessica Culver Ozark School District Nakesha Cunningham Pulaski County Special School District Sara Dickey Paragould School District Jamie Fields Pulaski County Special School District Sarah Glenn Huntsville School District Heather Grosze Rogers School District Bud Hamley Arkansas Virtual Academy
Valarie Harp Hartford School District LeAnn Helms Manila School District Sheila Humphrey Fort Smith School District Terry Isringhouse Forrest City School District Michele Jackson Siloam Springs School District Dianne Kellogg Springdale School District Becky May Greenbrier School District Amy Mileham Rogers School District Kathryn Robinson Fort Smith School District Tim Smithey Springdale School District Ann Taylor Bentonville School District
Lisa Taylor Springdale School District Jennifer Taunton Springdale School District Jo Vanderspikken Springdale School District Doug Vann Bryant School District Ruthie Walls Little Rock School District Jennifer Wiggins Springdale School District Dr. Tom Woodruff Rogers School District
Find more info at: EconomicsArkansas.org > About Us
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Board OF DIRECTORS Thanks to the commitment and advocacy by a dedicated board of leaders from Arkansas business, industry, agriculture and academia, Economics Arkansas continues to set the standard for excellence among education councils. Board members are elected to serve three-year terms. After 25 years of service, members are recognized as “Lifetime Board Members.”
Chairman of the Board
Secretary
Bob Hamilton Principal; Digital Benefit
Charles “Chuck” Spohn President;
Advisors, Little Rock
Media & More Consulting, Little Rock
President of the Board
Vice-President of Agriculture
John “Skipper” Ward Superintendent; Magnolia School District, Magnolia
Vice-Chairman of the Board Perry Wilson Managing Member; Barber Law Firm PLLC, Little Rock
Vice-President of the Board Jim Tucker Superintendent; El Dorado Public Schools, El Dorado
Immediate Past Chairman Randy Zook President and CEO; Arkansas State Chamber of Commerce, Little Rock
David Walt; Camp David Farm Partnership, Dumas
2016-17 Economics Arkansas Lifetime Board Members Economics Arkansas bestows a “lifetime” designation to members of the board who have served 25 years or longer. Ten individuals have reached this landmark, contributing to the stability and consistency of this organization.
Jim Wooten President, Winslow Holding LLC – member since 1979
Jim Walton
Vice-President of Business/Industry
Chairman & CEO, ARVEST Bank Group – member since 1983
Lou Graham, Resident Manager/Financial
Dr. Jim Rollins
Advisor; Morgan Stanley, Little Rock
Superintendent, Springdale Public Schools – member since 1984
Vice-President of Government Bruce Maloch State Senator; Magnolia COO & General Counsel, Farmers Bank and Trust
Immediate Past President
Vice-President of Education
Dr. Laura Bednar Headmaster; Baptist
Johnny Key Commissioner; Arkansas
Preparatory School, Little Rock
Department of Education, Little Rock
William B. Fisher General Manager & CEO, Paragould Light, Water & Cable – member 1981-2009
Dr. Benny Gooden Executive Director of Institutional Relations, Arkansas Colleges of Health Education – member since 1987
Rogers Ford Retired Superintendent, South Mississippi County School District – member 1986-2012
Treasurer Allison Richardson; Communications Supply Service Association, Little Rock
Bob Watson Retired Superintendent, El Dorado Public Schools – member 1987-2015
David Walt Retired Farmer, Camp David Farms – member since 1990
Mike Wilson (posthumous), R. E. Lee Wilson Company – member 1971-2000
Leonard Dunn (posthumous), Rector Phillips Morse Inc. – member 1983-2010
Find more info at: EconomicsArkansas.org > About Us
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CHAPTER THREE | SUPPORTERS
Executive Committee Members Lindsay Carter Financial Advisor;
C. E. Ned Hendrix III CEO; Horatio
A. Wyckliff Nisbet Jr. Tax Partner;
Morgan Stanley, Little Rock
State Bank, Horatio
Friday, Eldredge & Clark LLP, Little Rock
Dr. Margaret Ellibee President;
Andy Guffey Coordinator of Education &
Dr. Lisa Toms Dean; SAU College of
University of Arkansas – Pulaski Technical College, North Little Rock
Agriculture; Arkansas Farm Bureau, Little Rock
Business, Magnolia
John Erck Sr. Director of Development &
Robert Hopkins Regional Executive,
Dr. Jane Wayland Stephen Harrow
Little Rock Branch; Federal Reserve Bank of St. Louis, Little Rock
Smith Dean of Business; UA Little Rock College of Business, Little Rock
External Relations; Sam. M. Walton College of Business, Fayetteville
Jennifer Krafsky VP – Human Relations; Walmart Stores, Inc., Bentonville
BOARD Members Gwen Adams Assistant Superintendent of Elementary Education; Texarkana Arkansas Schools, Texarkana Rob Bell Principal; Eric Rob & Isaac, Little Rock Dr. Donald Bobbitt President; University of Arkansas System, Little Rock Bob Boehmler EVP – Loan Manager; ARVEST Bank, Bentonville Shane Broadway VP – Governmental Relations; Arkansas State University System, Jonesboro Bob L. Burns Chairman & CEO; Farmers Bank and Trust, Magnolia Susan Chambers retired CHRO; Wal-Mart Stores, Bella Vista Donald J. Cook Arkansas President; Bank of America Merrill Lynch, Little Rock John Dews Retired Banker; Hot Springs Ray Dillon Retired; Deltic Timber Corporation, Little Rock Dan Douglas State Representative; Bentonville David K. Dunn Capitol Partners LLC, Little Rock Jane English State Senator; North Little Rock
Melinda Faubel Director – External Affairs; AT&T Arkansas, Little Rock James C. Fourmy Jr. SVP – Chief of Lending; First National Bank, Fort Smith Dr. Benny L. Gooden Executive Director of Institutional Relations, Arkansas Colleges of Health Education, Fort Smith Heather Grosze Master Economics Teacher; Rogers School District, Rogers Dr. Jerry Guess Superintendent; Pulaski County Special School District, Little Rock Greg Hale Partner; The Markham Group, Little Rock Andrew Harper, Jr. Executive Vice-President; Bank of the Ozarks, Little Rock Ray Hobbs President; D&R Hobbs Properties, Rogers Bill Holmes President/CEO; Arkansas Bankers Association, Little Rock David Humphrey VP Investor Relations; ArcBest Corporation, Fort Smith Polly M. Jackson Retired; Economics Arkansas, Conway Dr. Glendell Jones, Jr. President; Henderson State University, Arkadelphia
Jay Jones Financial Advisor, Edward Jones, Monticello Wesley B. Kemp Retired; ABF Freight Systems, Alma Dr. Tom Kimbrell Superintendent; Bryant School District, Bryant Randy Lawson President; Lawco Energy Group, Bentonville Fred Love State Representative; Little Rock Dr. Matt McClure Chief Learning & Financial Officer; Cross County School District, Cherry Valley Ann McDougal Deputy Securities Commissioner; Arkansas Securities Department, Little Rock Bruce Munro CEO; Munro & Company, Hot Springs Magen Olive Director – Equity Plans & Legal Services; Murphy USA, El Dorado Michael Poore Superintendent; Little Rock School District, Little Rock Kristen Qandah Audit Manager; Lisa F. Stephens, Conway Bill J. Reed Vice-President Corporate Communications and Public Affairs; Riceland Foods, Inc., Stuttgart
Allison Richardson SVP – Finance & Administration; Communications Supply Service Association, Little Rock Dr. Jim D. Rollins Superintendent; Springdale School District, Springdale David Sanders State Senator; Little Rock DeAnn Vaught State Representative; Horatio Jim Walton Chairman & CEO; ARVEST Bank Group, Bentonville Dr. Charles Welch President; Arkansas State University System, Little Rock Jerrod Williams Superintendent; Sheridan School District, Sheridan Dr. Kieth Williams Retired; K-12 Superintendent, Beebe Kimberly Williams Vice President – Investments; Merrill Lynch Wealth Management, Little Rock Jim Wooten President; Winslow Holding, LLC, Beebe
Find more info at: EconomicsArkansas.org > About Us > Board of Directors
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Economics Arkansas Foundation Board Members
LEAD GIFT Ray Hobbs
Wes Kemp
Jim Wooten
President
Treasurer
Secretary
Ray Dillon
John Ward
Bob Hamilton
Established last year, the Economics Arkansas Foundation received its lead gift of $2 million from the Walton Family Foundation in June 2016. Its fundraising goal is $8 million. Contributions are accepted as individual and corporate cash gifts, planned gifts, life insurance, retirement accounts, securities and real estate.
FINANCIALS Revenue
Operating Expenses
NET ASSETS
$2,000,000: Contributions
$27,545: Consulting
$1,981,039: Investments
$102,168: Investments
$6,448: Fundraising
$121,129: Cash & Equivalents
$5,702: Program $5,238: Management
Find more info at: EconomicsArkansas.org > EA Foundation
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CHAPTER THREE | SUPPORTERS
2017 Donors LisT $30,001 and Above
$20,001 - $30,000
$10,001 - $20,000 Arkansas Humanities Council Arkansas Securities Department ARVEST Bank Bank of America Merrill Lynch
Foundation for the Mid South, Inc. Lisenne Rockefeller Ray Hobbs - D & R Hobbs Properties LLC State Farm Insurance
The Murphy Foundation Walton Family Foundation Windgate Charitable Foundation
$5,001 - $10,000 ArcBest Corporation Arkansas State Chamber of Commerce
First National Bank of Fort Smith Munro & Company Inc.
Find more info at: EconomicsArkansas.org
FINANCIALS Operating Expenses
Revenue
NET ASSETS
$637,806: Program
$400,000: Government
$770,124: Investments
$158,504: Fundraising
$295,690: Special Events
$157,830: Cash & Equivalents
$130,472: Management
$167,221: Corp./Personal Contributions
$1,048: Receivables
$93,000: Grants $74,536: Other $3,625: Investment Find more info at: EconomicsArkansas.org > EA Foundation
CHAPTER THREE | SUPPORTERS
PAGE 20
$1,001 - $5,000 Anonymous ArcBest Technologies, Inc. Arkansas Blue Cross & Blue Shield Arkansas Community Foundation- Pine Bluff Affiliate Arkansas Farm Bureau AT&T Baldor Electric Company Bank of America Charitable Foundation Bank of America Merrill Lynch Barber Law Firm PLLC Beall Barclay & Company, PLC Bob Hamilton Central Arkansas Planning and Development District
Cornerstone Credit Union Foundation Crossland Construction David & Sheila Humphrey Delta Dental of Arkansas Dr. Tom Woodruff Entergy Arkansas Farmers Bank and Trust, Magnolia First Arkansas Bank and Trust-Jacksonville Friday, Eldredge and Clark LLP Glass Family Foundation Heartland Foundation J.B. Hunt Jennifer Krafsky Lou Graham & Morgan Stanley
McKee Foods McLarty Companies Morgan Stanley Smith Barney Morris Foundation Nabholz Construction Corporation Oaklawn Racing & Gaming OK Industries Ozark Mountain Poultry Propak Corporation Ray C. Dillon Riceland Foods, Inc. Risk Services of Arkansas Sharon Heflin SIFMA-Foundation for Investor Education Simmons First National Bank
Stephens Inc. Sue Owens Susan Chambers Thirty Third Street LLC Tommy & Meredith Moll Tyson Foods, Inc. UA Little Rock College of Business Union County Community Foundation University of Arkansas Fort Smith Weldon, Williams & Lick, Inc. Wooten Family Trust Work Source Zero Mountain, Inc.
CV’s Foodliner, Inc. Daniel Shewmaker Dave Cogswell David & Elisha Poteet Davis Iron and Metal Deborah Robinson Devereux Management Company Digital Benefit Advisors Donnie Dean Pendergraft Trust Doub Babb Doug and Shelley McMillon Dr. Benny Gooden Dr. Jane Wayland Dr. Jim Rollins Dr. Kieth Williams Eagle Bank & Trust, Heber Springs El Dorado School District Farm Bureau Mutual Insurance Company of Arkansas, Inc. Fay Jones School of Architecture & Design First Community Bank of Batesville First Delta Bank, Marked Tree First National Bank of Crossett First National Bank of Wynne First National Bankers Bank First Security Bank, Conway First Security Bank, Searcy First Security Bank, Springdale First State Bank, DeQueen FM Structural Plastic Technology Foundation Resource Management Gary J. Dean Gary Latanich Generations Bank, Rogers Graduate Sales Gus Rusher Gwen Adams/Texarkana School District Hagan Newkirk Hanna Oil and Gas Company Heather Grosze Hight Jackson Associates PA Horatio State Bank
Hueston Consulting Group, LLC Integrity First Bank, Mountain Home Jackie Krutsch Jim Fourmy Joe & Sherry Chesser John and Amy Mendenhall John Brown University John F. Dews Johnny Caststeel Judy McReynolds Justin Jinright Justin Mitchell Kathryn Robinson Kathy Moore Kevin Meythaler Kimberly Williams Koenig Family Works Kristen Qandah Larry Manry Lawco Energy Legacy National Bank, Springdale Lindsay Carter Lindsey Management Co., Inc. Logan County Bank Lyon College Maddy Kimball Mahco Inc. Margaret Motley Marsha Masters Matthews, Campbell, Rhoads, McClure & Thompson, P.A. McBride Distributing Medical Associates of NWA., P.A. (MANA) Melinda Faubel Merchants & Planters Bank, Clarendon Merchants and Farmers Bank, Dumas Mitchell Mitchell, Williams, Selig, Gates & Woodyard, P.L.L.C. Murphy USA Nicki Walker NW Arkansas Community College
Northwest Arkansas Naturals Northwest Arkansas Regional Airport OG+E Electric Services Pat Lile Pledger Monk Polly M. Jackson Preferred Office Products, Inc. Randy Lawson Regions Bank, Fort Smith Relyance Bank, Pine Bluff Robyn C. Breshears Scott Monroe Senator Jane English Shani Baker Shannon Key Siloam Springs Chamber of Commerce Simmons Foods, Inc. Springdale Chamber of Commerce Springdale School District Stanley Wells Susie Thompson The Citizens Bank, Batesville The Farmers & Merchants Bank, Stuttgart Thomas & Thomas LLP, Certified Public Accountants U of A Sam M. Walton College of Business UA – Pulaski Technical College UAMS Northwest Union Bank & Trust Co., Monticello Union Bank Shares, Inc., Mena University of Arkansas - Monticello University of Central Arkansas Warren Bank & Trust Company Washington Regional Medical System Wes B. Kemp William B. Fisher Winthrop Rockefeller Institute Wright, Lindsey & Jennings Yaffe Iron & Metal Zela Strange
Federal Reserve Bank of St. Louis Friday, Eldredge & Clark
State Farm Insurance
Up to $1,000 Allison Richardson Ann McDougal Anthony L. McMullen Arkansas Community Foundation Arkansas Community Foundation- Faulkner County Affiliate Arkansas Community Foundation- Hot Springs Affiliate Arkansas Council for Social Studies (ACSS) Arkansas Economic Acceleration Foundation Arkansas Economic Development Commission Arkansas School for Mathematics, Sciences and the Arts Art Ink Bailey Construction & Consulting LLC Bailey Family Foundation Bank of Bearden Bank of England Bank of Prescott BB&T Bentonville School District Bill Reed Brian Wood Bruce Maloch Bruce Vick Built-Well Construction Company Camp David Farm Partnership Carl Frank CARTI Foundation CHI St. Vincent Hot Springs Chris Vincent Citizens Bank, Dallas TX Claudia Utley Collective Bias Compsys Conner & Winters, LLP Conway Corporation Conway Development Corporation/ Conway Area Chamber of Commerce Conway Regional Health System
In-Kind Arkansas Farm Bureau Eric Rob & Isaac
Find more info at: EconomicsArkansas.org
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CHAPTER THREE | SUPPORTERS
2017 Leadership in Free Enterprise & Excellence in Free Enterprise Awards Jlaisa, a fifth-grader at Stephens Elementary School (Little Rock School District) has already established clear financial goals. To give her mom an iRobot vacuum cleaner for a Mother’s Day present, she intends to save $10 for 30 weeks — that’s her short-term goal. To attend Spelman College in Georgia after high school graduation, she plans to earn good grades for academic scholarships and work during the summers so she can afford the $45,000+ annual tuition — that’s her long-term goal. She credits her teachers for educating her about personal finance and thanks the audience at the Central Arkansas LIFE awards luncheon for making this type of education possible at her elementary school.
Excellence in Free Enterprise awards luncheon honoring Governor Asa Hutchinson, Oct. 27, 2016, in Rogers Leadership in Free Enterprise awards luncheon honoring Don Munro, Charles Nabholz and Robert A. Young III, April 20, 2017, in Little Rock The galas raised public awareness of the power of the free-enterprise system by recognizing key business champions for their positive impact on the domestic and global economy.
Find more info at: EconomicsArkansas.org > Our Supporters
In May 2017, Sue Owens announced her upcoming departure from Economics Arkansas for a leadership position with another nonprofit organization.
Marsha Masters Associate Director
Elisha Poteet Program Assistant
Sue Owens Executive Director
Claudia Utley Development Coordinator
Kathy Moore Administrative Manager
Find more info at: EconomicsArkansas.org > About Us > Staff
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Real Life SINCE 1962
Economics Arkansas (through the Arkansas Council on Economic Education) is a private, nonprofit, educational organization founded in 1962 by Arkansas State Commissioner of Education Dr. Arch Ford and led by Dr. Bessie B. Moore to promote PreK-12 economic literacy. Our mission is to equip PreK-12 schools with standards-based resources and professional development to teach economics, personal finance and the free enterprise system using practical, innovative and inspirational methods. Our vision is for Arkansas students to master an understanding of economics and personal finance and apply that knowledge for success in the free-enterprise system. Economics Arkansas receives funding from a variety of sources. Please visit economicsarkansas.org to learn more about these opportunities to support our mission.
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CHAPTER THREE | SUPPORTERS
P.O. Box 3447 | Little Rock, AR 72203 | EconomicsArkansas.org 501.682.4230 | acee@economicsarkansas.org