Arkansas State University System Foundation Inc
- Assets
- $136.1m
- Revenue
- $17.5m
- Investments
- $12.0m
- Employees
- 0
- Location
- State University, AR
- Founding
- 06/1977
- Data as of
- 06/2021
- EIN
- 71-0489924
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 06/2021, Arkansas State University System Foundation Inc generated $17.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $5.4m during the year ending 06/2021. While expenses have increased by 22.6% per year over the past 6 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.
Since 2018, Arkansas State University System Foundation Inc has awarded 35 individual grants totaling $21,290,262. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Jackson President | OfficerTrustee | 1 | $138,794 |
Melissa Livingston Board Liason | OfficerTrustee | 1 | $44,232 |
Judious Lewis Board Chair | OfficerTrustee | 1 | $0 |
Dr Hazel Dickey Board Vice Chair | OfficerTrustee | 1 | $0 |
Mr Doug Coy Immediate Past Chair | OfficerTrustee | 1 | $0 |
Pam Kail Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $336,381 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,864,568 |
| Noncash contributions included in lines 1a–1f | $6,785,917 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,200,949 |
| Total Program Service Revenue | $0 |
| Investment income | $1,568,524 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,395,604 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,531,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,989,713 |
| 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. | $234,369 |
| Compensation of current officers, directors, key employees. | $46,874 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,516 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,135 |
| Payroll taxes | $24,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $114,046 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $877,374 |
| Fees for services: Other | $11,151 |
| Advertising and promotion | $48,541 |
| Office expenses | $53,669 |
| Information technology | $49,809 |
| Royalties | $0 |
| Occupancy | $3,750 |
| Travel | $13,468 |
| 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 | $56,114 |
| Insurance | $24,252 |
| All other expenses | $289,814 |
| Total functional expenses | $5,429,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $426,842 |
| Savings and temporary cash investments | $8,959,953 |
| Pledges and grants receivable | $5,948,943 |
| 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 | $35,824 |
| Net Land, buildings, and equipment | $1,713,881 |
| Investments—publicly traded securities | $106,946,805 |
| Investments—other securities | $11,959,116 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,082 |
| Total assets | $136,091,446 |
| Accounts payable and accrued expenses | $47,250 |
| 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 | $28,619 |
| Other liabilities | $16,384,667 |
| Total liabilities | $16,460,536 |
| Net assets without donor restrictions | $8,083,461 |
| Net assets with donor restrictions | $111,547,449 |
| 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 | $136,091,446 |
Grants Awarded
Over the last fiscal year, Arkansas State University System Foundation Inc has awarded $2,989,712 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ARKANSAS STATE UNIVERSITY - JONESBORO PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY - JONESBORO | $2,506,027 |
ARKANSAS STATE UNIVERSITY - NEWPORT PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY - NEWPORT | $193,587 |
ARKANSAS STATE UNIVERSITY - MOUNTAIN HOME PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY - MOUNTAIN HOME | $187,339 |
ARKANSAS STATE UNIVERSITY - BEEBE PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY - BEEBE | $57,088 |
State University, AR PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY REAL ESTATE FOUNDATION, INC. | $28,090 |
State University, AR PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY ALUMNI ASSOCIATION, INC. | $10,831 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Arkansas State University System Foundation Inc has recieved totaling $1,640,200.
| Awarding Organization | Amount |
|---|---|
Arkansas State University Three Rivers Foundation Malvern, AR PURPOSE: ALL CASH, CASH EQUIVALENTS, AND INVESTMENTS WERE TRANSFERRED TO ASU SYSTEM FOUNDATION UPON DISSOLUTION. | $933,800 |
Judd Hill Foundation Heber Springs, AR | | $278,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $113,400 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: TO SUPPORT A STATEWIDE AFTERSCHOOL NETWORK TO INCREASE THE AVAILABILITY AND EXPANSION OF FINANCIAL EDUCATION OR COLLEGE AFFORDABILITY PLANNING TO ENHANCE QUALITY AFTERSCHOOL AND SUMMER LEARNING OPPORTUNITIES THAT MEET THE NEEDS OF UNDERSERVED YOUTH. | $50,000 |
Accesslex Institute West Chester, PA PURPOSE: PROGRAM SUPPORT/RESEARCH | $47,000 |
Beck Foundation Inc Fairfax Station, VA PURPOSE: CHEMISTRY PROFESSORSHIP | $25,000 |
Endowment Analysis
| Beg. Balance | $80,507,580 |
| Earnings | $18,580,524 |
| Net Contributions | $9,677,962 |
| Other Expense | $3,711,821 |
| Ending Balance | $105,054,245 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |
University Of Southern Mississippi Foundation Hattiesburg, MS | $151,472,857 | $19,113,544 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
Usmma Sailing Foundation Inc Spring Hill, TN | $32,552,654 | $5,996,554 |
Robert M Hearin Support Foundation Jackson, MS | $193,382,417 | $17,750,137 |
Friends Of Imagine International Academy Of North Texas Mckinney, TX | $32,038,501 | $13,231,420 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX | $379,261,425 | $375,406 |