Arkansas Community Foundation Inc
- Assets
- $560.8m
- Revenue
- $112.7m
- Investments
- $136.0m
- Employees
- 50
- Location
- Little Rock, AR
- Founding
- 07/1976
- Data as of
- 06/2021
- EIN
- 52-1055743
Organization Overview
Arkansas Community Foundation Inc is located in Little Rock, AR. The organization was established in 1976. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Arkansas Community Foundation Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Community 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.
For the year ending 06/2021, Arkansas Community Foundation Inc generated $112.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $39.5m during the year ending 06/2021. While expenses have increased by 10.1% 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.
Since 2015, Arkansas Community Foundation Inc has awarded 11,068 individual grants totaling $240,547,068. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ARKANSAS COMMUNITY FOUNDATION ENGAGES PEOPLE, CONNECTS RESOURCES AND INSPIRES SOLUTIONS TO BUILD COMMUNITY.
Describe the Organization's Program Activity:
EDUCATIONAL PROGRAMS - INCLUDES SCHOLARSHIPS FOR HIGHER EDUCATION, SUPPORT FOR EARLY CHILDHOOD LITERACY, OUT-OF-SCHOOL LEARNING OPPORTUNITIES FOR CHILDREN, EARLY CHILDHOOD CARE, AND K-12 EDUCATION.
COMMUNITY PROGRAMS - INCLUDES PROGRAMS THAT SUPPORT QUALITY OF LIFE AND CIVIC ENGAGEMENT, SUCH AS ARTS AND HUMANITIES, ENVIRONMENTAL CAUSES, COMMUNITY DEVELOPMENT AND VOLUNTEERISM.
FAMILY PROGRAMS - INCLUDES HUMAN SERVICE PROGRAMS, SUPPORT FOR FAMILY FINANCIAL STABILITY AND EMPLOYMENT, HUNGER, AND HOMELESSNESS.
HEALTH PROGRAMS - INCLUDES SUPPORT FOR HEALTHCARE INSTITUTIONS, PUBLIC HEALTH INITIATIVES, AND CHARITABLE CLINICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Larkin President/ceo | Officer | 40 | $271,150 |
Ashley Coldiron Chief Development Officer | Officer | 40 | $189,880 |
Corey Moline Treasurer/cfo | Officer | 40 | $186,273 |
Sarah Kinser Chief Program Officer | 40 | $112,847 | |
Don Greenland Chair | OfficerTrustee | 0 | $0 |
Steve Nipper Vice Chair | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Laf 5 Allied Llc Office Space Lease Payments | 6/29/22 | $269,168 |
Mary Angela Duran Dba Duran And Associa Consulting Fees | 6/29/22 | $175,759 |
Morris Media & Management Llc Advertisement | 6/29/22 | $115,615 |
Stellar Technology Solutions Llc Database Provider Fees | 6/29/22 | $100,620 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,728,763 |
| Investment income | $6,458,727 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,754,184 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $112,679,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,612,561 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $757,614 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $864,727 |
| Pension plan accruals and contributions | $66,763 |
| Other employee benefits | $76,130 |
| Payroll taxes | $97,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $280 |
| Fees for services: Accounting | $60,060 |
| Fees for services: Lobbying | $45,171 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $772,918 |
| Advertising and promotion | $0 |
| Office expenses | $59,399 |
| Information technology | $256,096 |
| Royalties | $0 |
| Occupancy | $296,496 |
| Travel | $2,074 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,553 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,611 |
| Insurance | $28,053 |
| All other expenses | $0 |
| Total functional expenses | $39,506,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,709,327 |
| Pledges and grants receivable | $11,440,506 |
| Accounts receivable, net | $582,538 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,750,151 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $375,815,575 |
| Investments—other securities | $136,035,408 |
| Investments—program-related | $50,000 |
| Intangible assets | $0 |
| Other assets | $134,419 |
| Total assets | $560,797,819 |
| Accounts payable and accrued expenses | $459,359 |
| Grants payable | $466,025 |
| 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 | $395,590 |
| Total liabilities | $1,320,974 |
| 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 | $559,476,845 |
Grants Awarded
Over the last fiscal year, Arkansas Community Foundation Inc has awarded $38,115,229 in support to 628 organizations.
| Grant Recipient | Amount |
|---|---|
Bentonville, AR PURPOSE: GENERAL OPERATING SUPPORT | $5,629,419 |
Bentonville, AR PURPOSE: GENERAL OPERATING SUPPORT | $3,031,249 |
Alexandria, VA PURPOSE: EXPAND AWARENESS AND RECOGNITION FOR UNTAPPED POOLS OF TALENT AND THEIR EMPLOYMENT CHALLENGES THROUGH THE USE OF THE GETTING TALENT BACK TO WORK, VETERANS AT WORK AND EMPLOYING ABILITIES AT WORK RESOURCES | $2,000,000 |
Springdale, AR PURPOSE: GENERAL OPERATING SUPPORT | $1,936,604 |
Little Rock, AR PURPOSE: TO FUND FORWARD ARKANSAS TO ADMINISTER A COMPETITIVE GRANT PROCESS TO INCENTIVIZE EDUCATOR PREPARATION PROGRAMS TO UPDATE AND MODERNIZE THEIR DESIGN AND CURRICULUM TO BEST PREPARE ARKANSAS TEACHERS FOR TODAY'S CLASSROOM | $1,798,805 |
Oklahoma City, OK PURPOSE: TO SUPPORT EKCO'S GENERAL OPERATIONS AS THEY QUARTERBACK AND BROADEN AN EDUCATION COALITION OF LOCAL AND NATIONAL PARTNERS TO FOCUS ON HIGH-QUALITY EDUCATION AND REFORM | $1,229,761 |
Grants Recieved
Over the last fiscal year, we have identified 43 grants that Arkansas Community Foundation Inc has recieved totaling $5,375,995.
| Awarding Organization | Amount |
|---|---|
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO PROVIDE CAPACITY-BUILDING AND IMPLEMENTATION GRANTS TO LOCAL NON-PROFIT ORGANIZATIONS. | $984,375 |
Wal-Mart Foundation Bentonville, AR PURPOSE: NORTHWEST ARKANSAS | $984,375 |
The Walton Family Charitable Support Foundation Inc Bentonville, AR PURPOSE: 2021 Annual Operations support and to Support costs associated with Single Parent Scholarship Funds of Benton County and Northwest Arkansas. | $809,792 |
Alice L Walton Foundation Bentonville, AR PURPOSE: GENERAL OPERATING SUPPORT - DIVERSITY/CULTURE | $500,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT THE ESTABLISHMENT OF A FUND TO AID THE QUALITY OF LIFE OF DIVERSE ARKANSANS. | $500,000 |
Pritzker Family Foundation Chicago, IL PURPOSE: COLLABORATION TO SUPPORT EARLY CHILDHOOD DEVELOPMENT | $166,500 |
Endowment Analysis
| Beg. Balance | $329,922,534 |
| Earnings | -$37,413,582 |
| Admin Expense | $3,161,354 |
| Net Contributions | $59,818,607 |
| Other Expense | -$11,473,659 |
| Grants | $9,261,088 |
| Ending Balance | $351,378,776 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Louis Community Foundation Incorporated St Louis, MO | $436,956,368 | $124,413,038 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX | $387,395,879 | $137,312,103 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
Austin Community Foundation Austin, TX | $433,764,301 | $88,798,773 |
San Antonio Area Foundation San Antonio, TX | $587,345,748 | $192,937,536 |
The Greater New Orleans Foundation New Orleans, LA | $406,748,750 | $50,799,913 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Community Foundation Of North Texas Fort Worth, TX | $520,525,998 | $72,575,782 |
Baton Rouge Area Foundation Baton Rouge, LA | $293,247,071 | $35,030,558 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |