Arkansas Community Foundation Inc
- Assets
- $744.5m
- Revenue
- $94.9m
- Investments
- $176.2m
- Employees
- 53
- Location
- Little Rock, AR
- Founding
- 07/1976
- Data as of
- 06/2024
- 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 06/2024, Arkansas Community Foundation Inc employed 53 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 06/2024, Arkansas Community Foundation Inc generated $94.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $59.4m during the year ending 06/2024. While expenses have increased by 12.8% per year over the past 9 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 12,550 individual grants totaling $327,100,844. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
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:
Part 3 - Line 4a
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.
HEALTH PROGRAMS - INCLUDES SUPPORT FOR HEALTHCARE INSTITUTIONS, PUBLIC HEALTH INITIATIVES, AND CHARITABLE CLINICS.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alyson Bradford Director | Trustee | 0 | $0 |
Brad Johnson Director | Trustee | 0 | $0 |
Lisa John-Adams Director | Trustee | 0 | $0 |
Holly Dunsworth Director | Trustee | 0 | $0 |
Osmar Garcia Director | Trustee | 0 | $0 |
Vance Smiley Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Laf 5 Allied Llc Office Space Lease Payments | 6/29/24 | $423,586 |
Mary Angela Duran Dba Duran And Associa Consulting Fees | 6/29/24 | $147,287 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,046,550 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,671,912 |
| Noncash contributions included in lines 1a–1f | $52,459,111 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,718,462 |
| Total Program Service Revenue | $0 |
| Investment income | $12,200,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$825,799 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $94,928,038 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,560,861 |
| Grants and other assistance to domestic individuals. | $1,217,990 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $865,652 |
| Compensation of current officers, directors, key employees. | $337,265 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,290,495 |
| Pension plan accruals and contributions | $115,536 |
| Other employee benefits | $138,439 |
| Payroll taxes | $134,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,841 |
| Fees for services: Accounting | $76,050 |
| Fees for services: Lobbying | $53,255 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $761,709 |
| Advertising and promotion | $0 |
| Office expenses | $89,853 |
| Information technology | $276,992 |
| Royalties | $0 |
| Occupancy | $572,617 |
| Travel | $56,885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,878 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,893 |
| Insurance | $32,355 |
| All other expenses | $208,555 |
| Total functional expenses | $59,403,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,009,013 |
| Pledges and grants receivable | $9,290,460 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,520,886 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $409,798 |
| Investments—publicly traded securities | $510,301,417 |
| Investments—other securities | $176,229,560 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,702,570 |
| Total assets | $744,463,704 |
| Accounts payable and accrued expenses | $676,035 |
| 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 | $5,729,423 |
| Total liabilities | $6,405,458 |
| Net assets without donor restrictions | $671,968,335 |
| Net assets with donor restrictions | $66,089,911 |
| 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 | $744,463,704 |
Grants Awarded
Over the last fiscal year, Arkansas Community Foundation Inc has awarded $46,009,808 in support to 829 organizations.
| Grant Recipient | Amount |
|---|---|
STAR CITY HIGH SCHOOL - 400 EAST ARKANSAS STAR CITY AR 71667 PURPOSE: TO SUPPORT THE CHILDREN AT STAR CITY SCHOOLS | $5,025 |
DUMAS SCHOOL DISTRICT - P O BOX 8880 DUMAS AR 71639 PURPOSE: TO SUPPORT THE CHILDREN AT DUMAS SCHOOLS | $5,025 |
UNITED WAY OF NORTHEAST ARKANSAS - 407 UNION STREET JONESBORO AR 72401 PURPOSE: TO SUPPORT THE POINSETT COUNTY IMAGINATION LIBRARY (PAYMENT INSTALLMENT #2 OF 3) | $5,040 |
ARKANSAS STATE UNIVERSITY JONESBORO - PO BOX 2640 STATE UNIVERSITY AR 72 PURPOSE: BACHELOR OF SCIENCE IN NURSING KANAKA NEAL BYRD ID# 50609257 | $5,136 |
RAPTOR REHAB OF CENTRAL AR - 1556 RIDGE ROAD EL PASO AR 72045 PURPOSE: TO SUPPORT GENERAL OPERATIONS OF RAPTOR REHAB OF CENTRAL ARKANSAS | $5,199 |
WYNNE RELIEF AND RECOVERY - 187 MURRAY AVE WYNNE AR 72396 PURPOSE: TO SUPPORT TORNADO RECOVERY | $5,156 |