Northwest Arkansas Council Foundation
- Assets
- $9.8m
- Revenue
- $15.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Springdale, AR
- Founding
- 02/2014
- Data as of
- 12/2022
- EIN
- 46-0807914
Organization Overview
Northwest Arkansas Council Foundation is located in Springdale, AR. The organization was established in 2014. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Arkansas Council Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Northwest Arkansas Council Foundation generated $15.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $15.2m during the year ending 12/2022. While expenses have increased by 29.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT TO THE NORTHWEST ARKANSAS COUNCIL, A SECTION 501(C)(6) ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO THE NORTHWEST ARKANSAS COUNCIL, A SECTION 501(C)(6) ORGANIZATION, IN ORDER TO IMPROVE THE LIVING CONDITIONS OF THE RESIDENTS OF NORTHWEST ARKANSAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marshall Saviers Chairman | OfficerTrustee | 1 | $0 |
Carl George Director | Trustee | 1 | $0 |
Wayne Mays Director | Trustee | 1 | $0 |
Nelson Peacock Executive Director | Officer | 40 | $0 |
Mike Harvey Chief Operating Officer | Officer | 40 | $0 |
Robert Smith Policy Director | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walrus Llc Branding And Marketing | 12/30/22 | $1,668,972 |
Fleishman Hillard Inc Branding And Marketing | 12/30/22 | $931,577 |
Plug & Play Llc Supply Chain And Logistics Accelerator | 12/30/22 | $550,000 |
Verge Videos Inc Information-statewide | 12/30/22 | $249,900 |
Bird's Eye Creative Web Site Work On Various Projects | 12/30/22 | $307,536 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,911,931 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,033,963 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,945,894 |
| Total Program Service Revenue | $0 |
| Investment income | $17,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,963,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,995,506 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $127,911 |
| Payroll taxes | $104,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,299 |
| Advertising and promotion | $0 |
| Office expenses | $15,473 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,882 |
| Travel | $53,997 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,939 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,379,853 |
| Total functional expenses | $15,193,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,266 |
| Savings and temporary cash investments | $4,571,837 |
| Pledges and grants receivable | $4,675,143 |
| 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 | $325,693 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,797,939 |
| Accounts payable and accrued expenses | $1,275,794 |
| 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 | $0 |
| Total liabilities | $1,275,794 |
| Net assets without donor restrictions | $812,602 |
| Net assets with donor restrictions | $7,709,543 |
| 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 | $9,797,939 |