Arkansas Press Association
- Assets
- $1.3m
- Revenue
- $314.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 07/1983
- Data as of
- 11/2023
- EIN
- 71-0005903
Organization Overview
Arkansas Press Association is located in Little Rock, AR. The organization was established in 1983. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Press 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 11/2023, Arkansas Press Association generated $314.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $317.7k during the year ending 11/2023. While expenses have increased by 3.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUSINESS ASSOCIATION OF NEWSPAPERS LOCATED IN ARKANSAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS ASSOCIATION OF NEWSPAPERS LOCATED IN ARKANSAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eliza Gaines President | OfficerTrustee | 1 | $0 |
John Robert Schirmer First Vice President | OfficerTrustee | 1 | $0 |
Jeremy Gulban Director | Trustee | 1 | $0 |
Jennifer Allen Director | Trustee | 1 | $0 |
Brent A Powers Director | Trustee | 1 | $0 |
Tom Byrd Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $111,307 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,970 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,277 |
| Total Program Service Revenue | $147,256 |
| Investment income | $163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,735 |
| 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 | $314,431 |
| 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 | $44,847 |
| Pension plan accruals and contributions | $1,420 |
| Other employee benefits | $6,443 |
| Payroll taxes | $3,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,712 |
| 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 | $0 |
| Advertising and promotion | $7,828 |
| Office expenses | $16,999 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,614 |
| Travel | $85,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,543 |
| Interest | $34,870 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,132 |
| Insurance | $1,810 |
| All other expenses | $3,760 |
| Total functional expenses | $317,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,382 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,621 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,355 |
| Inventories for sale or use | $2,013 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,079,071 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,037 |
| Total assets | $1,254,479 |
| Accounts payable and accrued expenses | $13,355 |
| Grants payable | $0 |
| Deferred revenue | $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 | $469,430 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $653,407 |
| Total liabilities | $1,136,692 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $117,787 |
| 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 | $1,254,479 |