Arkansas Independent Colleges & Universities

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. As of 06/2023, Arkansas Independent Colleges & Universities employed 2 individuals. 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 06/2023, Arkansas Independent Colleges & Universities generated $501.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $471.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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)Compensation
Andrew Goodman
President
$130,417
Ellis Arnold
Trustee
$0
Rich Dunsworth
Trustee
$0
Richard Johnson
Trustee
$0
Terry Kimbrow
Trustee
$0
Stan Norman
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$304,900
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$186,053
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$490,953
Total Program Service Revenue$0
Investment income $10,655
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 $501,608

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Arkansas Independent Colleges & Universities
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