ARKANSAS ASSET BUILDERS
Helping hardworking Arkansans flourish
Programs and results
What we aim to solve
A majority of households in Faulkner County may qualify for VITA free tax preparation services, but are limited in their ability to take advantage of the service by work schedules, transportation, and child care. When VITA services are not available, most qualifying households turn to paid tax preparers who may charge $100-$400 to prepare even a simple return. Many of these same households qualify for the Earned Income Tax Credit (EITC), a valuable tax credit for low- and moderate-income workers. According to the IRS, each EITC return brings an average $2,469 tax refund back to a household in Faulkner County, but the tax preparation fees and costly instant refund products can significantly decrease the value of this important credit.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
VITA
Volunteer Income Tax Assistance (VITA)
Where we work
External reviews

Videos
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
When we can offer free tax preparation through VITA, households can make use of the entire value of their refund to pay off debt, make large purchases, or save it for the future. Arkansas Asset Builders believes that access to these valuable tax refunds is a key step to empowering hard-working Arkansans to achieve their financial goals.
In the coming year, we plan to add a mobile tax site to our program offerings. With this mobile technology, we will be able to set up an ad hoc tax preparation site in partner locations throughout Faulkner County without having to rely on their ability to provide computers, printers, or even internet access. We hope that by providing free tax prep in trusted locations and flexible hours throughout the area, we will be able to overcome many of the barriers faced by taxpayers who currently do not choose free tax preparation.
Once we have the technology to completely support our own service, we will actively develop partnerships with other organizations -- libraries, schools, churches, nonprofits, etc. -- which have relationships with underserved populations in central Arkansas. We will work together to identify specific date(s) and times where we can bring free tax preparation to their clients/members. The partner organizations will help recruit and schedule taxpayer appointments, while Arkansas Asset Builders will provide the trained volunteers and mobile technology necessary to complete online tax filing.
What are the organization's key strategies for making this happen?
This is the second tax season that Arkansas Asset Builders has been providing free volunteer income tax assistance (VITA) to the central Arkansas community. Our main VITA site in Conway provides access to free in-person tax preparation on Friday evenings and Saturdays as an alternative for taxpayers seeking to avoid costly tax preparation fees. The majority of clients already served this year report that if they did not use VITA, they would have gone to a paid preparer.
In the coming year, we plan to add a mobile tax site to our program offerings. With this mobile technology, we will be able to set up an ad hoc tax preparation site in partner locations throughout Faulkner County without having to rely on their ability to provide computers, printers, or even internet access. We hope that by providing free tax prep in trusted locations and flexible hours throughout the area, we will be able to overcome many of the barriers faced by taxpayers who currently do not choose free tax preparation.
Once we have the technology to completely support our own service, we will actively develop partnerships with other organizations -- libraries, schools, churches, nonprofits, etc. -- which have relationships with underserved populations in central Arkansas. We will work together to identify specific date(s) and times where we can bring free tax preparation to their clients/members. The partner organizations will help recruit and schedule taxpayer appointments, while Arkansas Asset Builders will provide the trained volunteers and mobile technology necessary to complete online tax filing.
What are the organization's capabilities for doing this?
Arkansas Asset Builders has built close partnerships with faculty and staff at UCA, Hendrix, and CBC, which have been critical in recruiting the students that are the heart of our volunteer effort. We are effectively using partnerships with other local nonprofits to conduct outreach to the population we hope to serve at the tax site(s). In our first season, the largest source of referrals to our tax site was from the Faulkner County Library. We are continuing to work with the regional library network to expand free tax prep resources for its patrons, both at the Faulkner County branch and satellite branches across the area.
Our VITA Program Manager (and Executive Director), Joyia Yorgey, has extensive volunteer and professional experience with VITA programs in other communities. She has served as a volunteer preparer and quality reviewer in Washington, DC, and in Philadelphia, PA. She also worked for two tax seasons as a manager of a large tax site in downtown Philadelphia, training/overseeing 100+ volunteers and producing over 2,000 tax returns per season.
What have they accomplished so far and what's next?
This is the second tax season that Arkansas Asset Builders is operating a VITA site in Faulkner County. We had a very successful season last year, completing 180 tax returns, logging over 430 volunteer hours, and returning nearly $214,000 in federal and state tax refunds to hard-working families in our community. We are building on this success in our second season and already have a strong volunteer base and community partnerships that can support an expanded mobile site presence.
Arkansas Asset Builders hopes to expand our VITA program into neighboring communities, such as Vilonia, Mayflower, Greenbrier, Morrilton, or Perryville, within the next 3-5 years. We are already serving clients from these communities at our location in Conway and know that there is a need for local free tax prep in these communities. A mobile site allows us to begin collaborating with partners in these communities without committing resources to a stand-alone site. The most fruitful partnerships could then be developed into ongoing tax prep sites in future years. Arkansas Asset Builders would continue to support volunteer recruitment, outreach, and site administration across our service area, but will also rely on the local relationships of our volunteers and partners to develop a sustainable presence in every community.
Financials
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Operations
The people, governance practices, and partners that make the organization tick.
Connect with nonprofit leaders
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- Analyze a variety of pre-calculated financial metrics
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Connect with nonprofit leaders
SubscribeBuild relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.
- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
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ARKANSAS ASSET BUILDERS
Board of directorsas of 09/22/2022
Matthew Carpenter
Edward Jones
Term: 2020 - 2023
Matthew Carpenter
Edward Jones
Jacob Harrington
IRS
Kelsey Carter
Bell & Company, CPAs
Marnie Osborne
Community Services, Inc.
Kathryn Carroll
University of Central Arkansas
Jen Beritiech
Faulkner County Library
Ashley Pettingill
University of Central Arkansas
Shalia Delph
University of Central Arkansas
Billie Copley
Oaq Tree Consulting
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Sexual orientation
No data
Disability
No data
Equity strategies
Last updated: 12/10/2021GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We ask team members to identify racial disparities in their programs and / or portfolios.
- We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
- We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
- We disaggregate data by demographics, including race, in every policy and program measured.
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We have community representation at the board level, either on the board itself or through a community advisory board.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.