Arkansas State University System Foundation Inc

Organization Overview

Arkansas State University System Foundation Inc is located in State University, AR. The organization was established in 1977. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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 State University System Foundation Inc 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 06/2022, Arkansas State University System Foundation Inc generated $12.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $7.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Arkansas State University System Foundation Inc has awarded 35 individual grants totaling $22,767,516. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PRIMARY PURPOSE OF THE FOUNDATION IS TO RECEIVE, SOLICIT, ACCEPT AND HOLD, ADMINISTER, INVEST AND DISBURSE ANY AND EVERY KIND OF PROPERTY FOR SUCH EDUCATION, SCIENTIFIC, LITERARY, RESEARCH AND SERVICE ACTIVITIES FROM INDIVIDUALS AND ORGANIZATIONS, INCLUDING FOUNDATIONS, GOVERNMENT AGENCIES, AND PRIVATE BUSINESSES, TO SUPPORT THE CORPORATION'S ACTIVITIES, AND IT SHALL MANAGE ENDOWMENTS GIVEN TO THE CORPORATION FOR THE BENEFIT OF ALL THE ARKANSAS STATE UNIVERSITY SYSTEM CAMPUSES OPERATIONS, SITES AND FACILITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASU SUPPORT:THE PRIMARY PURPOSE OF THE ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION, INC. (THE FOUNDATION) IS TO RECEIVE, SOLICIT, ACCEPT AND HOLD, ADMINISTER, INVEST AND DISBURSE ANY AND EVERY KIND OF PROPERTY FOR SUCH EDUCATION, SCIENTIFIC, LITERARY, RESEARCH AND SERVICE ACTIVITIES FROM INDIVIDUALS AND ORGANIZATIONS, INCLUDING FOUNDATIONS, GOVERNMENT AGENCIES, AND PRIVATE BUSINESSES, TO SUPPORT THE CORPORATION'S ACTIVITIES, AND IT SHALL MANAGE ENDOWMENTS GIVEN TO THE CORPORATION FOR THE BENEFIT OF ALL THE ARKANSAS STATE UNIVERSITY SYSTEM CAMPUSES OPERATIONS, SITES AND FACILITIES.


ASU STUDENT SUPPORT:THE ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION, INC. PROVIDES FINANCIAL ASSISTANCE TO ALL MEMBER CAMPUSES OF THE ARKANSAS STATE UNIVERISTY SYSTEM THROUGH ACADEMIC SCHOLARSHIPS, AWARDS, STIPENDS, GRANTS AND GENERAL SUPPORT FOR VARIOUS STUDENT ACTIVITIES. THE MAJORITY OF FINANCIAL ASSISTANCE TO STUDENTS IS MADE BY WAY OF TRANSFERS TO ARKANSAS STATE UNIVERSITY.


ASU ACADEMIC SUPPORT:THE ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION, INC. PROVIDES FINANCIAL ASSISTANCE TO ALL MEMBER CAMPUSES OF THE ARKANSAS STATE UNIVERISTY SYSTEM AND RELATED ENTITIES IN SUPPORT OF TEACHING, RESEARCH, DISTANCE LEARNING, LIBRARY MEDIA SERVICES, ECONOMIC DEVELOPMENT AND OUTREACH PROGRAMS BY SUPPLEMENTING UNIVERSITY BUDGETS FOR SUPPLIES AND SERVICES, TRAVEL, EQUIPMENT, TECHNOLOGY, HUMAN RESOURCES AND ALL OTHER COSTS RELATED TO THE UNIVERSITY'S ACADEMIC MISSION.


ADMINISTRATIVE SUPPORT:THE ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION, INC. PROVIDES FINANCIAL ASSISTANCE TO ALL MEMBER CAMPUSES OF THE ARKANSAS STATE UNIVERISTY SYSTEM IN SUPPORT OF ADMINISTRATIVE FUNCTIONS LIKE ACADEMIC AFFAIRS, STUDENT AFFAIRS, RESIDENCE LIFE, RECRUITING, COUNSELING, FACILITIES MANAGEMENT, ADVANCEMENT, ALUMNI RELATIONS, INFORMATION TECHNOLOGY, CAREER MANAGEMENT, DISABILITY SERVICES AD DIVERSITY INITIATIVES BY SUPPLEMENTING UNIVERSITY BUDGETS FOR SUPPLIES AND SERVICES, TRAVEL, EQUIPMENT, TECHNOLOGY, HUMAN RESOURCES AND ALL OTHER COSTS RELATED TO THE UNIVERSITY'S ACADEMIC MISSION.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Hazel Dickey
Board Chair
$0
Charlotte Razer
Board Vice Chair
$0
Judious Lewis
Immediate Past Chair
$0
Philip Jackson
President
$149,090
Pam Kail
Secretary
$0
Melissa Livingston
Board Liason
$47,688

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$6,339,448
Noncash contributions included in lines 1a–1f $239,280
Total Revenue from Contributions, Gifts, Grants & Similar$6,339,448
Total Program Service Revenue$0
Investment income $2,099,361
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,371,116
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,203,394

Grants Awarded

Over the last fiscal year, Arkansas State University System Foundation Inc has awarded $4,175,441 in support to 7 organizations.

Grant RecipientAmount

ARKANSAS STATE UNIVERSITY - JONESBORO

PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY - JONESBORO

$3,106,503

ARKANSAS STATE UNIVERSITY - BEEBE

PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY - BEEBE

$88,398

ARKANSAS STATE UNIVERSITY - MOUNTAIN HOME

PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY - MOUNTAIN HOME

$293,599

ARKANSAS STATE UNIVERSITY - NEWPORT

PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY - NEWPORT

$183,046

ARKANSAS STATE UNIVERSITY RED WOLVES FOUNDATION INC

PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY RED WOLVES FOUNDATION, INC.

$40,930

ARKANSAS STATE UNIVERSITY REAL ESTATE FOUNDATION INC

PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY REAL ESTATE FOUNDATION, INC.

$395,327
View Grant Profile

Peer Organizations

Organization NameAssets
The Center For Collaborative Research Inc
Houston, TX
$18,401,967
Cynthia & Geo Mitchell Foundation
The Woodlands, TX
$28,428,897
Razorback Foundation Inc
Fayetteville, AR
$32,561,743
University Of Louisiana At Lafayette Foundation
Lafayette, LA
$46,235,918
Louisiana Tech University Foundation Inc
Ruston, LA
$19,125,681
Midland College Foundation Inc
Midland, TX
$33,003,754
St Louis Charter Schools
St Louis, MO
$17,533,867
Middle Tennessee State University Foundation
Murfreesboro, TN
$39,164,169
Mose And Garrison Siskin Memorial Foundation Inc
Chattanooga, TN
$11,101,792
Usmma Sailing Foundation Inc
Spring Hill, TN
$23,174,349
Robert M Hearin Support Foundation
Jackson, MS
$23,562,269
America Can Cars For Kids
Dallas, TX
$12,374,341
University Of Texas Law School Foundation
Austin, TX
$16,945,573
Friends Of Imagine International Academy Of North Texas
Mckinney, TX
$13,491,498
Alpine Education Services
Sugarland, TX
$12,576,974
Grambling High Foundation
Grambling, LA
$15,630,713
University Of New Orleans Foundation
New Orleans, LA
$13,774,896
East Tennessee State University Foundation
Johnson City, TN
$20,087,755
Private Education-Employers Trust
St Louis, MO
$12,211,417
University Of Southern Mississippi Foundation
Hattiesburg, MS
$26,790,188
Linda Hall Library Trust
Kansas City, MO
$16,587,710
Dallas Seminary Foundation
Dallas, TX
$12,726,520
University Of Houston Foundation
Houston, TX
$14,179,306
University Of Chattanooga Foundation Inc
Chattanooga, TN
$12,953,560
Peruna East Corporation
Dallas, TX
$92,400

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