The University Of Arkansas Fort Smith Foundation Inc
- Assets
- $118.4m
- Revenue
- -$649.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Smith, AR
- Founding
- 01/1975
- Data as of
- 06/2022
- EIN
- 23-7408227
Organization Overview
The University Of Arkansas Fort Smith Foundation Inc is located in Fort Smith, AR. The organization was established in 1975. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Arkansas Fort Smith Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT AND CARRY OUT PURPOSES OF THE UNIVERSITY OF ARKANSAS AT FORT SMITH
Describe the Organization's Program Activity:
UNIVERSITY OF ARKANSAS FORT SMITH FOUNDATION, INC PROVIDED 1,432 SCHOLARSHIPS TO THE UNIVERSITY OF ARKANSAS AT FORT SMITH.
ACADEMIC SUPPORT THAT INCLUDES $2,713 TO PURCHASE LIBRARY RENOVATIONS AND HOLDINGS, $171,177 TO FUND CAPITAL PROJECTS, AND $579,013 FOR FACULTY PROFESSORSHIPS AND CHAIRS, SPONSORSHIP OF VARIOUS CULTURAL EVENTS, AND SUPPORT OF MAYMESTER PROGRAMS.
GENERAL OPERATIONS SUPPORT TO THE UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Cravens Vice Chair | OfficerTrustee | 2 | $0 |
Douglas Babb Chair | OfficerTrustee | 2 | $0 |
Dr Rebecca Fleck Treasurer | OfficerTrustee | 2 | $0 |
Dr Terisa Riley Chancellor Uafs | Officer | 1 | $0 |
Blake Rickman Executive Director | Officer | 1 | $0 |
Bill Hanna Secretary | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenwoodasher Consulting | 6/29/19 | $127,271 |
Ellwood & Associates Financial Services | 6/29/19 | $107,154 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,200,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,200,022 |
| Total Program Service Revenue | $0 |
| Investment income | $2,231,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,108,283 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$649,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,122,294 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $68,749 |
| Fees for services: Investment Management | $363,955 |
| Fees for services: Other | $80,858 |
| Advertising and promotion | $89,137 |
| Office expenses | $84,618 |
| Information technology | $105,816 |
| Royalties | $0 |
| Occupancy | $24,276 |
| Travel | $16,973 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,113 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,817 |
| All other expenses | $0 |
| Total functional expenses | $4,136,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,957,048 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,541 |
| Investments—publicly traded securities | $111,450,365 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $118,416,954 |
| Accounts payable and accrued expenses | $68,727 |
| 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 | $623,318 |
| Total liabilities | $692,045 |
| Net assets without donor restrictions | $19,045,473 |
| Net assets with donor restrictions | $98,679,436 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $118,416,954 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The University Of Arkansas Fort Smith Foundation Inc has recieved totaling $261,751.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: URBAN TEACHER EDUCATION PROGRAM (UTEP) OR THE AFRICAN AMERICAN ALUMNI COMMITTEE (AAAC) FOUNDERS SCHOLARSHIP FUND | $200,000 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: FINISH SCHOLARSHIP | $25,000 |
Delta Dental Of Arkansas Foundation Inc Sherwood, AR PURPOSE: COVID | $20,000 |
Alvin S Tilles Item Xx Testamentary Trust Saint Paul, MN PURPOSE: TO RAISE THE HIGHER EDUCATION ACHIEVEMENT LEVEL OF AREA RESIDENTS | $14,475 |
Arvest Foundation Bentonville, AR PURPOSE: TO HELP PROVIDE CAMPUS PROGRAMMING, PROFESSIONAL DEVELOPMENT, AND BUSINESS ATTIRE FOR MALE STUDENTS PARTICIPATING IN THE MENTORSHIP PROGRAM. | $2,000 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $250 |
Endowment Analysis
| Beg. Balance | $108,456,310 |
| Earnings | -$10,985,979 |
| Net Contributions | $1,708,407 |
| Other Expense | $1,845,546 |
| Grants | $1,937,730 |
| Ending Balance | $95,395,462 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold E Riley Foundation Fort Worth, TX | $357,850 | $584,984 |
Compass Rose Education Inc San Antonio, TX | $15,459,454 | $19,431,467 |
Three Oclock Project Baton Rouge, LA | $1,930,450 | $18,582,179 |
Athlos Louisiana Terrytown, LA | $4,119,183 | $17,119,142 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Joe W & Dorothy Dorsett Brown Foundation Metairie, LA | $122,222,465 | $11,452,057 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |