Southern Arkansas University Tech Foundation
- Assets
- $3.4m
- Revenue
- $206.3k
- Investments
- $1.8k
- Employees
- 0
- Location
- Camden, AR
- Founding
- 12/1980
- Data as of
- 06/2022
- EIN
- 71-0535209
Organization Overview
Southern Arkansas University Tech Foundation is located in Camden, AR. The organization was established in 1980. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Southern Arkansas University Tech 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 06/2022, Southern Arkansas University Tech Foundation generated $206.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $67.6k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT SAU TECH'S STUDENTS AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SCHOLARSHIPS AND GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Foster Vice Chair | OfficerTrustee | 0.5 | $0 |
Linda Gaston Secretary | OfficerTrustee | 0.5 | $0 |
Paul Lindsey Chair | OfficerTrustee | 0.5 | $0 |
John Schaffitzel Director | Trustee | 0.5 | $0 |
Krissy Bassetti Director | Trustee | 0.5 | $0 |
Jeff Avant Director | Trustee | 0.5 | $0 |
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 | $154,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,675 |
| Total Program Service Revenue | $0 |
| Investment income | $26,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,035 |
| Net Gain/Loss on Asset Sales | $26,819 |
| Net Income from Fundraising Events | $1,200 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,320 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,460 |
| 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. | $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 | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,208 |
| Information technology | $0 |
| 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 | $1,968 |
| Total functional expenses | $67,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,352 |
| 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 | $2,090,831 |
| Investments—publicly traded securities | $1,149,884 |
| Investments—other securities | $1,779 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,442,846 |
| 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 | $1,887,592 |
| Other liabilities | $0 |
| Total liabilities | $1,887,592 |
| Net assets without donor restrictions | $396,792 |
| Net assets with donor restrictions | $1,158,462 |
| 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 | $3,442,846 |
Grants Awarded
Over the last fiscal year, Southern Arkansas University Tech Foundation has awarded $46,546 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN ARKANSAS UNIVERSITY TECH PURPOSE: SCHOLARSHIPS | $43,159 |
SOUTHERN ARKANSAS UNIVERSITY TECH PURPOSE: GRANTS | $3,387 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southern Arkansas University Tech Foundation has recieved totaling $446.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $446 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
Woodward Hines Education Foundation Jackson, MS | $222,031,290 | $28,726,652 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |