Arkansas Tech University Foundation

Organization Overview

Arkansas Tech University Foundation is located in Russellville, AR. The organization was established in 1982. 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 Tech University 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 06/2021, Arkansas Tech University Foundation generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION PROVIDES EDUCATIONAL SUPPORT THROUGH THE GRANTING OF SCHOLARSHIP FUNDS TO BE DISTRIBUTED BY ARKANSAS TECH UNIVERSITY BASED ON ACADEMIC DEPARTMENT AND COMMITTEE SELECTIONS. THE FOUNDATION ALSO PROVIDES OTHER INSTITUTIONAL SUPPORT TO ARKANSAS TECH UNIVERSITY FOR THE OPERATION OF ITS EDUCATIONAL PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDED A VAST ARRAY OF SUPPORT TO THE UNIVERSITY IN THE FORM OF CONTRIBUTIONS AND GRANTS TO ACADEMIC, ADMINISTRATIVE AND ATHLETIC DEPARTMENTS AS WELL AS PROVIDING SCHOLARSHIP FUNDS FOR STUDENT RECIPIENTS. THE FOUNDATION MADE CONTRIBUTIONS TO THE UNIVERSITY FOR THE PURCHASES OF COMPUTERS AND RELATED EQUIPMENT, FURNISHINGS, GENERAL SUPPLIES AND CONSTRUCTION OF ADDITIONAL FACILITIES AND RENOVATION AND UPGRADE OF EXISTING FACILITIES.


PROVIDED SCHOLARSHIPS TO STUDENTS OF ARKANAS TECH UNIVERSITY AND SUPPORTED ACADEMIC AND ATHLETIC PROGRAMS OF THE UNIVERSITY.


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Board, Officers & Key Employees

Name (title)Compensation
Barton Allen
Director/cha
$0
Jason Geiken
Executive Vi
$0
J W Stratton
Director
$0
Brad Thresher
Director
$0
Norma Meares
Past Chair
$0
Steve Anderson
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,993,605
Investment income $1,182,955
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $549,579
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,726,139

Grants Recieved

Over the last fiscal year, we have identified 16 grants that Arkansas Tech University Foundation has recieved totaling $190,284.

Awarding OrganizationAmount
Ted Williams Charitable Tr

North Little Rock, AR

PURPOSE: TO AWARD COLLEGE SCHOLARSHIPS

$75,000
Arkansas Community Foundation Inc

Little Rock, AR

PURPOSE: GENERAL OPERATING SUPPORT

$37,546
Walton Family Foundation Inc

Bentonville, AR

PURPOSE: TO INCREASE THE NUMBER OF HIGH-QUALITY TEACHERS FROM HISTORICALLY UNDERREPRESENTED GROUPS IN NORTHWEST ARKANSAS BY PROVIDING LOAN FORGIVENESS TO ELIGIBLE GRADUATES OF ARKANSAS TECH UNIVERSITY.

$26,974
William H Bowen Family Foundation Trust

Little Rock, AR

PURPOSE: GENERAL PURPOSES

$15,000
Arkansas Community Foundation Inc

Little Rock, AR

PURPOSE: GENERAL OPERATING SUPPORT

$10,000
The Robert D And Patricia E Kern Family Foundation Inc

Waukesha, WI

PURPOSE: ENTREPRENEURIAL MINDED FACULTY DEVELOPMENT TRAINING

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$23,295,629
Net Contributions$963,593
Ending Balance$24,691,164

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