South Arkansas Historical Foundation
- Assets
- $8.6m
- Revenue
- $312.0k
- Investments
- $106.9k
- Employees
- 2
- Location
- El Dorado, AR
- Founding
- 08/1977
- Data as of
- 12/2021
- EIN
- 71-0487300
Organization Overview
South Arkansas Historical Foundation is located in El Dorado, AR. The organization was established in 1977. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, South Arkansas Historical Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Arkansas Historical Foundation 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, South Arkansas Historical Foundation generated $312.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $339.3k during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESTORATION AND MAINTENANCE OF HISTORIC PROPERTIES AND HISTORICAL EDUCATION TO THE GENERAL PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION ON HISTORICALLY SIGNIFICANT BUILDINGS, ARTIFACTS AND LANDMARKS IN SOUTH ARKANSAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Biernacki Executive Director | Officer | 40 | $70,000 |
Greg Thomas Secretary | OfficerTrustee | 0.5 | $0 |
Fern Smith Treasurer | OfficerTrustee | 2 | $0 |
Aubra Anthony President | OfficerTrustee | 2 | $0 |
Jim Andrews Director | Trustee | 0.5 | $0 |
Vince Dawson Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,830 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,789 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,619 |
| Total Program Service Revenue | $33,662 |
| Investment income | $85,542 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,503 |
| Net Gain/Loss on Asset Sales | $137,588 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $104 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $312,018 |
| 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. | $70,000 |
| Compensation of current officers, directors, key employees. | $14,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,600 |
| Payroll taxes | $9,691 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,416 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,574 |
| Advertising and promotion | $5,377 |
| Office expenses | $15,813 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,008 |
| Travel | $3,874 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,524 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,475 |
| Insurance | $11,337 |
| All other expenses | $0 |
| Total functional expenses | $339,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,012 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,955 |
| 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 | $1,047,999 |
| Investments—publicly traded securities | $2,873,823 |
| Investments—other securities | $106,928 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,262,204 |
| Total assets | $8,606,921 |
| 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 | $833,836 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,254 |
| Total liabilities | $860,090 |
| Net assets without donor restrictions | $4,010,596 |
| Net assets with donor restrictions | $3,736,235 |
| 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 | $8,606,921 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that South Arkansas Historical Foundation has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Arkansas Humanities Council Inc Little Rock, AR PURPOSE: FURTHER EXEMPT PURPOSE | $10,000 |
Arkansas Humanities Council Inc Little Rock, AR PURPOSE: FURTHER EXEMPT PURPOSE | $10,000 |
Arkansas Humanities Council Inc Little Rock, AR PURPOSE: FURTHER EXEMPT PURPOSE | $10,000 |
Arkansas Humanities Council Inc Little Rock, AR PURPOSE: FURTHER EXEMPT PURPOSE | $10,000 |
Endowment Analysis
| Beg. Balance | $3,483,375 |
| Earnings | $401,221 |
| Admin Expense | $50,998 |
| Net Contributions | $1,794 |
| Grants | $121,934 |
| Ending Balance | $3,713,458 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heritage Foundation Of Williamson County Tn Franklin, TN | $23,589,168 | $5,101,900 |
Andrew Jackson Foundation Hermitage, TN | $11,010,285 | $4,320,645 |
Galveston Historical Foundation Inc Galveston, TX | $33,194,723 | $16,815,449 |
Memphis Chapter For Preservation Of Tennessee Antiquities Nashville, TN | $7,377,257 | $4,193,595 |
Jefferson National Parks Association Inc St Louis, MO | $9,104,174 | $5,372,825 |
Oklahoma Hall Of Fame Inc Oklahoma City, OK | $15,367,222 | $1,723,507 |
Mamie Mcfaddin Ward Heritage Foundation Beaumont, TX | $39,179,042 | $6,717,900 |
San Antonio Conservation Society San Antonio, TX | $5,466,281 | $1,168,192 |
Texas State Historical Association Austin, TX | $3,131,063 | $1,524,927 |
Friends Of The Texas Historical Commission Inc Austin, TX | $2,566,548 | $1,192,867 |
State Historical Society Of Missouri Columbia, MO | $7,318,381 | $1,450,178 |
American Association For State And Local History Nashville, TN | $3,183,463 | $1,709,459 |