Associated Industries Of Arkansas Foundation Inc
- Assets
- $1.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 08/1990
- Data as of
- 12/2022
- EIN
- 58-1891199
Organization Overview
Associated Industries Of Arkansas Foundation Inc is located in Little Rock, AR. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associated Industries Of Arkansas 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 12/2022, Associated Industries Of Arkansas Foundation Inc generated $2.4m in total revenue. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 48.0% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE EXPLANATION ON SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 2015, THE AIA FOUNDATION HAS RESEARCHED, DEVELOPED AND LAUNCHED BE PRO BE PROUD, AN EFFORT DESIGNED TO CHANGE PUBLIC PERCEPTIONS OF SKILLED PROFESSIONS WITHIN THE MANUFACTURING, CONSTRUCTION, UTILITY AND TRANSPORTATION INDUSTRIES ACROSS ARKANSAS. TO DATE, THE EFFORT HAS RAISED OVER $4 MILLION FROM PUBLIC, PRIVATE AND CHARITABLE SOURCES AND HAS ENGAGED WITH OVER 115,000 MIDDLE AND HIGH SCHOOL STUDENTS ACROSS THE STATE TO PROMOTE HIGH-DEMAND, HIGH-WAGE PROFESSIONAL OPPORTUNITIES WITHIN THESE SECTORS. IMPACTS RELATED TO THESE EFFORTS INCLUDE INCREASED EMPLOYMENT WITHIN TARGETED FIELDS AS WELL AS INCREASED ENROLLMENTS - SIGNIFICANT IN SOME PLACES - IN POST-SECONDARY TECHNICAL PROGRAMS ON TWO-YEAR CAMPUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Zook President | OfficerTrustee | 1 | $0 |
Kenneth Hall Secretary | OfficerTrustee | 1 | $0 |
Gary Head Treasurer | OfficerTrustee | 1 | $0 |
Chris Hart Chair | OfficerTrustee | 1 | $0 |
Grady Harvell Past Chair | Trustee | 1 | $0 |
Charisse Childers Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $637,650 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,446,041 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,083,691 |
| Total Program Service Revenue | $186,985 |
| Investment income | $82 |
| 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 | $2,354,361 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 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 | $410,714 |
| Fees for services: Legal | -$3,518 |
| Fees for services: Accounting | $4,893 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $177,704 |
| Advertising and promotion | $129,220 |
| Office expenses | $21,066 |
| Information technology | $25,682 |
| Royalties | $0 |
| Occupancy | $1,112 |
| Travel | $46,417 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $572,196 |
| Interest | $7,884 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,285 |
| All other expenses | $10,292 |
| Total functional expenses | $1,716,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,271 |
| Savings and temporary cash investments | $19,087 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $195,500 |
| 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 |
| Net Land, buildings, and equipment | $1,556,707 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,864,565 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $222,500 |
| 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 | $324,661 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $547,161 |
| Net assets without donor restrictions | $1,317,404 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,864,565 |
Grants Awarded
Over the last fiscal year, Associated Industries Of Arkansas Foundation Inc has awarded $40,315 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LITTLE ROCK SCHOOL DISTRICT 12 PURPOSE: GENERAL SUPPORT | $25,315 |
VILONIA HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $15,000 |