Arkansas Archeological Society
- Assets
- $990.1k
- Revenue
- $33.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Fayetteville, AR
- Founding
- 08/1978
- Data as of
- 12/2021
- EIN
- 71-0439179
Organization Overview
Arkansas Archeological Society is located in Fayetteville, AR. The organization was established in 1978. According to its NTEE Classification (A70) the organization is classified as: Humanities, 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 Archeological Society 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 12/2021, Arkansas Archeological Society generated $33.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $35.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.5%) per year over the past 3 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
THE ARKANSAS ARCHEOLOGICAL SOCIETY WAS FORMED IN 1960 FOR THE PURPOSE OF UNITING ALL PERSONS INTERESTED IN THE ARCHEOLOGY OF ARKANSAS, FOR THE RECOGNITION AND PRESERVATION OF OUR CULTURAL HERITAGE AND PREHISTORY, AND FOR FOSTERING AND ENCOURAGING THE PUBLIC'S INTEREST IN THE PRESERVATION OF THE PAST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER TRAINING PROGRAM. EACH SUMMER SOCIETY VOLUNTEERS ARE TAUGHT THE BASICS OF ARCHEOLOGICAL FIELD WORK SO THEY ARE ABLE TO ASSIST THE PROFESSIONAL ARCHEOLOGISTS THROUGHOUT THE YEAR. THE TRAINING PROGRAM IS ALSO A TRUE RESEARCH FIELD STUDY FOR THE PROFESSIONALS. A DIFFERENT RESEARCH LOCATION IS EVERY ONE TO TWO YEARS. CANCELED DUE TO COVID19
ADDITIONAL EXPENSES OF FEES FOR INVESTMENTS AND LEGAL AFFAIRS. GRANTS FOR ARCHEOLOGICAL RESEARCH AND DEVELOPMENT.
RESEARCH ARTICLES PUBLICATIONS. NEWSLETTERS AND A BULLETIN ARE PUBLISHED DURING THE YEAR. THIS KEEPS VOLUNTEERS UP TO DATE ON THE RESEARCH BEING DONE IN THE STATE AND GIVES THEM AN OPPORTUNITY TO SEE WHERE VOLUNTEERS MAY BE NEEDED. IT ALSO REPORTS ON THE RESULTS OF THE VOLUNTEER EFFORTS. THE PUBLISHED ASSETS ALSO CONTAIN THE INFORMATION GENERATED FROM GRANTS.
EACH YEAR THE ARKANSAS ARCHEOLOGICAL SOCIETY HOLDS ITS ANNUAL MEETING. ON SATURDAY, PAPERS ON CURRENT ARCHEOLOGICAL TOPICS ARE PRESENTED BY PROFESSIONAL AND AMATEUR ARCHEOLOGISTS FROM THROUGHOUT ARKANSAS, IN A 20-MINUTE FORMAT, USUALLY WITH SLIDES. THE ANNUAL BUSINESS MEETING IS HELD SATURDAY MORNING. THIS IS A CHANCE FOR MEMBERS TO SEE THE RESULTS OF THEIR VOLUNTEER ACTIVITIES. CANCELED DUE TO COVID19
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jannette Akridge Treasurer | Officer | 10 | $0 |
Glen Akridge Editor, Bulletin | Officer | 10 | $0 |
Hope Bragg Past President | Officer | 5 | $0 |
Jessica Cogburn VP | Officer | 5 | $0 |
Holdcraft VP | Officer | 5 | $0 |
Gary Knudsen Chair Boa | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,545 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,575 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,120 |
| Total Program Service Revenue | $0 |
| Investment income | $23,322 |
| 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 | $33,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,618 |
| 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 | $0 |
| Fees for services: Legal | $1,050 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,996 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,935 |
| Information technology | $1,356 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $34,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,761 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $987,323 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $990,084 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $990,084 |
| 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 | $990,084 |