Arkansas National Guard Foundation
- Assets
- $1.7m
- Revenue
- $417.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- North Little Rock, AR
- Founding
- 01/2014
- Data as of
- 06/2023
- EIN
- 46-3590839
Organization Overview
Arkansas National Guard Foundation is located in North Little Rock, AR. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Arkansas National Guard 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 06/2023, Arkansas National Guard Foundation generated $417.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.7% each year . All expenses for the organization totaled $228.8k during the year ending 06/2023. While expenses have increased by 25.6% per year over the past 7 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.
Since 2017, Arkansas National Guard Foundation has awarded 73 individual grants totaling $185,690. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
50 SCHOLARSHIPS OF 1,000 EACH TO MEMBERS OF THE NATIONAL GUARD AND MEMBERS OF NATIONAL GUARD ASSOCIATION OF ARKANSAS OR ENLISTED ASSOCIATION OF ARKANSAS NATIONAL GUARD AND/OR THEIR DEPENDENTS. ALSO, THE FOUNDATION PROVIDES 6 500 SCHOLARSHIPS TO CHALLENGED YOUTH AND 3 1,000 SCHOLARSHIPS TO SURVIVING MILITARY MEMBERS.
CONTRIBUTIONS WERE MADE TO THE ARKANSAS NATIONAL GUARD ASSOCIATION TO INCREASE JUNIOR OFFICE AND NCO DEVELOPMENT DURING STATE AND NATIONAL CONFERENCES. CONTRIBUTIONS WERE ALSO PROVIDED TO THE ARKANSAS NATIONAL GUARD MUSEUM TO PROMOTE HERITAGE AND LINEAGE OF THE FORCE.
PROVIDING DIRECT SUPPORT TO EIGHT LINES OF EFFORT THAT FOCUSES ON ENHANCING THE MEMBERS OF THE ARKANSAS NATIONAL GUARD, THEIR FAMILIES, AND VETERANS IN AND AROUND ARKANSAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Jara President | 1 | $0 | |
Brian Mays Vice Preside | 1 | $0 | |
Adam Warford Secretary | 1 | $0 | |
Col Damon Cluck Ret Executive Di | 24 | $0 | |
Trey Marable Director | 1 | $0 | |
Elizabeth Jara Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $319,717 |
| Interest on Savings | $0 |
| Dividends & Interest | $96,675 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$41,939 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $42,500 |
| Total Revenue | $416,953 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,063 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,067 |
| Printing and publications | $454 |
| Other expenses | $22,033 |
| Total operating and administrative expenses | $127,943 |
| Contributions, gifts, grants paid | $100,823 |
| Total expenses and disbursements | $228,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,524 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,429 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,667,192 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $49,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,724 |
| Total liabilities | $54,224 |
Grants Awarded
Over the last fiscal year, Arkansas National Guard Foundation has awarded $38,158 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL GUARD ASSOCIATION OF AR PURPOSE: SPEND PLAN AND SUPPORT | $7,538 |
AR NATIONAL GUARD MUSEUM PURPOSE: AFRICAN PIONEER PROJECT | $6,130 |
CAMP ALLIANCE PURPOSE: MILITARY YOUTH CAMP | $3,000 |
CORIN READ CHRISTIAN CAMP PURPOSE: CHILDRENS CAMP | $1,400 |
SURVIVOR OUTREACH SERVICES PURPOSE: SUPPORT GOLD STAR FAMILIES | $2,000 |
HEARTS OF OUR HERO'S PURPOSE: SURVIVOR OUTREACH | $3,500 |