Arkansas National Guard Foundation
- Assets
- $1.6m
- Revenue
- $116.1k
- Investments
- $0.0
- Employees
- 0
- Location
- North Little Rock, AR
- Founding
- 01/2014
- Data as of
- 06/2021
- 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 06/2021, Arkansas National Guard Foundation generated $116.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $46.6k during the year ending 06/2021. While expenses have increased by 0.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ANNUAL SCHOLARSHIP PROGRAM FOR MEMBERS OF THE NATIONAL GUARD ASSOCIATION OF ARKANSAS AND THE ENLISTED ASSOCIATION OF ARKANSAS NATIONAL GUARD AND OTHER EDUCATIONAL AND PROFESSIONAL DEVELOPMENT PROGRAMS OF MEMBERS OF THE NATIONAL GUARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
50 SCHOLARSHIPS OF 750 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.
CONTRIBUTIONS WERE MADE TO ARKANSAS FREEDOM FUND THAT SUPPORTS ACTIVITIES THAT BENEFIT VETERANS, ACTIVE DUTY MILITARY, AND WOUNDED WARRIORS AND THEIR FAMILIES. ADDITIONAL CONTRIBUTIONS PROVIDED TO SUPPORT THE SURVIVOR OUTREACH SERVICES FUND THAT SUPPORTS THE FAMILIES OF THE FALLEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Betts Vice Preside | OfficerTrustee | $0 | |
Paul Jara Secretary | OfficerTrustee | $0 | |
Gary Wynn President | OfficerTrustee | $0 | |
Col Damon Cluck Ret Director | Trustee | $0 | |
Sharetta Glover Director | Trustee | $0 | |
Brian Mays Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $545 |
| Investment income | $56,486 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,770 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $37,500 |
| 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 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 | $4,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,000 |
| Advertising and promotion | $0 |
| Office expenses | $1,084 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $303 |
| All other expenses | $0 |
| Total functional expenses | $46,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,039 |
| Savings and temporary cash investments | $0 |
| 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 |
| Investments—publicly traded securities | $1,541,510 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,551,549 |
| Accounts payable and accrued expenses | $900 |
| Grants payable | $39,000 |
| 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 | $3,226 |
| Total liabilities | $43,126 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,508,423 |
Grants Awarded
Over the last fiscal year, Arkansas National Guard Foundation has awarded $26,382 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
North Little Rock, AR PURPOSE: OFFICER DEVELOPMENT | $14,003 |
ENLISTED ASSOC OF THE AR NATL GUARD PURPOSE: NCO DEVELOPMENT | $12,379 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arkansas National Guard Foundation has recieved totaling $56.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56 |
Endowment Analysis
| Beg. Balance | $1,065,000 |
| Ending Balance | $1,065,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |