Arkansas Retired Teachers Association
- Assets
- $1.4m
- Revenue
- $236.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Little Rock, AR
- Founding
- 06/1975
- Data as of
- 06/2021
- EIN
- 51-0142422
Organization Overview
Arkansas Retired Teachers Association is located in Little Rock, AR. The organization was established in 1975. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2021, Arkansas Retired Teachers Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Retired Teachers Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, Arkansas Retired Teachers Association generated $236.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $185.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 4 years. 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
THE MISSION OF THE ORGANIZATION IS TO ASSIST ARKANSAS RETIRED TEACHERS IN KEEPING ABREAST AND INFORMED OF EVENTS, HAPPENINGS AND LEGISLATION THAT WILL EFFECT THEIR LIVES AND THEIR RETIREMENT. TO HELP RETIREES TO HAVE THE BEST RETIREMENT POSSIBLE FROM THEIR YEARS OF SERVICE TO THE EDUCATION SYSTEM AND THE STUDENTS OF ARKANSAS. THE ASSOCIATION'S QUARTERLY NEWSLETTER PROVIDES THE MEMBERS AND RETIREES CURRENT INFORMATION REGARDING ACTIVITIES AND NEWS THAT SHOULD BE INFORMATIVE TO THE MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POSTAGE FOR THE BULK MAILING OF THE ASSOCIATION'S QUARTERLY NEWSLETTER MAILED TO RETIRED TEACHERS PLUS THE COST OF PRINTING AND THE LAYOUT GRAPHICS OF THE NEWSLETTER ADVISING RETIRED TEACHERS OF ARKANSAS OF ASSOCIATION'S ACTIVITIES, NEWS ITEMS AND ARTICLES DIRECTLY AFFECTING AND MEANINGFUL TO RETIREES.
THE ASSOCIATION AWARDED SCHOLARSHIPS TO EIGHT(8) CURRENT ARKANSAS CLASSROOM TEACHERS TO ASSIST THESE INDIVIDUALS IN THE ADVANCEMENT AND CONTINUATION OF THEIR FORMAL EDUCATION BEYOND THE ENTRY LEVEL REQUIREMENTS THAT WILL THEN BE BENEFICIAL TO THE STUDENTS IN THE TEACHER'S CLASSROOMS IN THE STATE OF ARKANSAS. SCHOLARSHIPS ARE BASED ON NEED AND REQUEST IN A FORMAL SELECTION PROCESS. THESE AWARD SCHOLARSHIPS ARE IN THE AMOUNT OF 2,000 EACH FOR TOTAL GRANT AMOUNT OF 18,000. SCHOLARSHIP AWARDS AND RECOGNITION PLAQUES TO RETIRING OFFICERS FOR THEIR VOLUNTEER SERVICE ARE MADE AT THE ANNUAL STATE CONVENTION MEETING BY THE ASSOCIATION. TO ASSIST THE VARIOUS AREAS AROUND THE STATE OF ARKANSAS IN THE INVOLVEMENT OF RETIRED TEACHERS IN ACTIVITIES AND MEETINGS, THE ASSOCIATION PROVIDES FUNDS TO EACH OF THE EIGHT(8) AREA COUNCILS THROUGHOUT THE STATE. THE ALLOCATION IS PROVIDED EQUALLY TO EACH OF THE EIGHT AREAS WITHOUT REGARD TO THE MEMBERSHIP BASE PER AREA. NO AREA COUNCIL AWARDS WERE GIVEN IN THE YEAR ENDED JUNE 30, 2021.
DURING EACH FISCAL YEAR, THE ASSOCIATION HOLDS AN ANNUAL STATE CONVENTION FOR ALL MEMBERS, SELLING LUNCHEON TICKETS TO ATTENDEES AND PROVIDING A PROGRAM OF INTEREST AND IMPORTANCE TO THE ATTENDEES, PLUS THE CONDUCTING OF THE ASSOCIATION'S BUSINESS ACTIVITIES FOR THE INFORMATION OF THE MEMBERSHIP ATTENDEES. THE ASSOCIATION PRESENTS SCHOLARSHIP AWARDS AND A KEYNOTE SPEAKER WITH A TOPIC BENEFICIAL TO RETIREES AND THEIR LIVES.
COMMITTEE MEETINGS ARE HELD THROUGHOUT THE YEAR TO KEEP ALL AREAS OF THE STATE INFORMED ON ACTIVITES, PROGRAMS AND CURRENT EVENTS OF THE ASSOCIATION AND ITS MEMBERS AND RETIREES IN GENERAL. TO ASSIST IN THE DECISIONS OF THE ASSOCIATION REGARDING ITS ACTIVITIES, EVENTS AND MEMBERS. THE COST OF ATTENDING THE MEETINGS AT THE VARIOUS LOCATIONS AROUND THE STATE AND THE REFRESHMENTS AT THE MEETINGS ARE REIMBURSED OR PAID FOR BY THE ASSOCIATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Morey Executive Di | Officer | 24 | $40,170 |
David Cauldwell President | OfficerTrustee | $0 | |
Diana Glaze President-El | OfficerTrustee | $0 | |
Jeff Stubblefield Vice Preside | OfficerTrustee | $0 | |
Cindy Cole Secretary | OfficerTrustee | $0 | |
Emilie Monk Past Preside | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,246 |
| Investment income | $5,261 |
| 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 | $236,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $18,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,170 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,320 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,338 |
| 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 | $10,190 |
| Advertising and promotion | $0 |
| Office expenses | $5,949 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,900 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $664 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $185,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,379 |
| Savings and temporary cash investments | $1,017,972 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,377,831 |
| Accounts payable and accrued expenses | $128 |
| 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 | $128 |
| 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 | $1,377,703 |