Arkansas Independent Colleges & Universities
- Assets
- $298.7k
- Revenue
- $468.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Little Rock, AR
- Founding
- 12/1955
- Data as of
- 06/2021
- EIN
- 71-0266514
Organization Overview
Arkansas Independent Colleges & Universities is located in Little Rock, AR. The organization was established in 1955. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Independent Colleges & Universities 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 Independent Colleges & Universities generated $468.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $448.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 6 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
SUPPORT OF PRIVATE COLLEGES LOCATED IN ARKANSAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF HIGHER EDUCATION; COLLECTION & DISTRIBUTION OF DONATIONS TO SUPPORT 11 NON-TAX SUPPORTED MEMBER COLLEGES. TOTAL ENROLLMENT OF FULL- TIME EQUIVALENT RESIDENT STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Goodman President | Officer | 40 | $120,000 |
Ellis Arnold Trustee | Trustee | $0 | |
David Burke Trustee | Trustee | $0 | |
Rich Dunsworth Chairman | Trustee | $0 | |
Terry Kimbrow Trustee | Trustee | $0 | |
Richard Johnson Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $236,938 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,860 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $439,798 |
| Total Program Service Revenue | $0 |
| Investment income | $28,494 |
| 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 | $468,292 |
| 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 | $212,585 |
| Compensation of current officers, directors, key employees. | $120,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,083 |
| Pension plan accruals and contributions | $7,350 |
| Other employee benefits | $26,750 |
| Payroll taxes | $9,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $577 |
| Information technology | $335 |
| Royalties | $0 |
| Occupancy | $7,069 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,232 |
| Insurance | $2,100 |
| All other expenses | $4,957 |
| Total functional expenses | $448,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $233,913 |
| Pledges and grants receivable | $53,518 |
| 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 | $3,000 |
| Net Land, buildings, and equipment | $8,231 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $298,662 |
| Accounts payable and accrued expenses | $0 |
| 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 | $20,832 |
| Other liabilities | $37,200 |
| Total liabilities | $58,032 |
| Net assets without donor restrictions | $107,460 |
| Net assets with donor restrictions | $133,170 |
| 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 | $298,662 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arkansas Independent Colleges & Universities has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
George Kress Foundation Green Bay, WI PURPOSE: SCHOLARSHIP SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas City Art Institute Kansas City, MO | $176,074,045 | $52,746,007 |
Criswell College Dallas, TX | $48,370,190 | $10,030,581 |
Richmont Graduate University Chattanooga, TN | $8,373,056 | $7,234,181 |
Memphis College Of Art Memphis, TN | $723,329 | $5,588,063 |
Northeastern State University Foundation Inc Tahlequah, OK | $45,168,633 | $4,906,328 |
Unam-Usa San Antonio, TX | $1,629,192 | $3,843,088 |
Center For Venture Education Inc Austin, TX | $106,820,676 | $4,487,131 |
Commonwealth Institute Of Funeral Service Houston, TX | $8,054,395 | $3,674,462 |
Lion Athletic Association Hammond, LA | $2,289,919 | $1,876,980 |
Delta Campus Facilities Corporation Monroe, LA | $25,919,156 | $3,154,481 |
International A L E R T Academy Big Sandy, TX | $844,337 | $1,167,358 |
Missourian Publishing Assn Inc Columbia, MO | $128,213 | $1,005,599 |