Nonprofits

Volunteer Directors, Take Note (Editorial)

Volunteer Directors, Take Note (Editorial)
Crittenden Regional Hospital sits empty in West Memphis.

It may be that the volunteer directors of the nonprofit Crittenden Hospital Association were being deliberately misled. That's something an investigation should determine. But the Crittenden case does serve as an excellent reminder to volunteer directors of nonprofit organizations everywhere, and especially the thousands who read Arkansas Business: When you accept the job of director, you have responsibilities.
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Crystal Bridges' State of the Art Exhibition Means Business for Arkansas Artists

The State of the Art exhibition at Crystal Bridges Museum of American Art, which has gained national attention, has been transformative for Little Rock artist Delita Martin, who has three pieces in the exhibit.
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U.S. Poverty Rate Falls for First Time Since 2006

The official poverty rate in the U.S. in 2013 stood at 14.5 percent, down from 15 percent in 2012, making it the first decline in the poverty rate since 2006.
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Maumelle Warehouse Attracts $11.2M Sale (Real Deals)

A 484,932-SF warehouse project in Maumelle tipped the scales at $11.2 million. Construction of a 30,000-SF office building is following a $2.3 million land deal in downtown Little Rock. And a North Little Rock car wash is under new ownership after a $1.72 million deal. read more >

Baptist Health Struck With Buyer's Remorse Over WLR School Deal

The 121,211-SF facility was repurchased for $8.5 million last month from BCP-Colonel Glenn LLC, whose ownership includes Sam Alley, secretary-treasurer of the Baptist Health Foundation Board of Trustees. read more >

Top College Officials See Sizable Pay Raises

Arkansas Business reviewed the Administrator's Compensation Survey reports filed with the state Department of Higher Education for the 2010 and 2014 fiscal years. In the four-year period, the number of six-figure employees included in the report increased from 460 to 703. read more >

16 Arkansas Public School Superintendent Jobs Top $200,000

The list includes 247 current-year superintendents of public school districts and a few charter schools, and it ranks them by the total compensation package — salary plus benefits — paid to the superintendent of that school district in the 2013-14 academic year. read more >

Former HUD Secretary to Promote American Dream Initiative at UA

Former U.S. Secretary of Housing and Urban Development Henry Cisneros is expected at the University of Arkansas to promote an initiative that promotes opportunities for immigrant families. read more >

Little Rock Walgreens Sells for $5.7 Million (Real Deals)

ARCP WG Little Rock AR LLC of Phoenix bought the 15,181-SF store at 1601 Main St. from Stamja-DT AR Properties LLC, led by Jason LaFrance. read more >

The Mind of an Entrepreneur (Mitch Bettis Publisher's Note)

On Oct. 24, Arkansas Business, in partnership with the College of Business at the University of Arkansas at Little Rock, is hosting another Power Breakfast executive panel. read more >

Jane Chu: Main Street Revitalization Awakens a Cultural District

Jane Chu, chairman of the National Endowment for the Arts, said the revitalization of downtown Little Rock's Main Street has awakened a cultural district. read more >

Crittenden Regional Hospital's True Financial Status Surprised Directors

Directors of Crittenden Regional Hospital learned on Aug. 19 that its monthly revenue was only $2 million — about half what they had previously been led to believe — while expenses were about $5 million, the CEO of the shuttered hospital revealed in a bankruptcy court filing. read more >

Hospital Executives Report Better Finances

Last week, Arkansas Business staff writers checked in with the top administrators of five hospitals, large and small. Here's what we learned. read more >

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