Arkansas Childrens Foundation
- Assets
- $506.8m
- Revenue
- $132.0m
- Investments
- $0.0
- Employees
- 42
- Location
- Little Rock, AR
- Founding
- 04/1983
- Data as of
- 06/2021
- EIN
- 71-0568795
Organization Overview
Arkansas Childrens Foundation, operating under the name Arkansas Children's Foundation, is located in Little Rock, AR. The organization was established in 1983. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 06/2021, Arkansas Children's Foundation employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Children's 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 Children's Foundation generated $132.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $39.1m during the year ending 06/2021. While expenses have increased by 0.2% 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 2015, Arkansas Children's Foundation has awarded 20 individual grants totaling $209,082,464. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE CHAMPION CHILDREN BY MAKING THEM BETTER TODAY AND HEALTHIER TOMORROW.
Describe the Organization's Program Activity:
ARKANSAS CHILDREN'S FOUNDATION IS THE FUNDRAISING ARM FOR ARKANSAS CHILDREN'S, INC. WHICH INCLUDES ARKANSAS CHILDREN'S HOSPITAL, ARKANSAS CHILDREN'S RESEARCH INSTITUTE, AND ARKANSAS CHILDREN'S NORTHWEST. THE FOUNDATION'S PRIMARY PURPOSE IS RAISING FINANCIAL SUPPORT FOR THOSE ENTITIES, THUS ENHANCING PATIENT CARE, RESEARCH, EDUCATION AND PREVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Enid Olvey Acf Svp/coo | Officer | 50 | $331,390 |
Emily Mccoy VP - Philanthropy | Officer | 50 | $198,780 |
Lindsey Doerr VP - Philanthropy | Officer | 50 | $194,940 |
Jill Mcilroy Philanthropy Exec Dir | 50 | $130,359 | |
Vanessa Delgadillo Philanthropy Exec Dir | 50 | $129,955 | |
Dean Greer Adv Serv Exec Director | 50 | $124,163 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ci Partners Direct Inc Fundraising Services | 6/29/21 | $457,646 |
Luther King Capital Management Investment Management Fees | 6/29/21 | $456,646 |
Goldman Sachs Asset Management Investment Management Fees | 6/29/21 | $167,189 |
The London Company Of Virginia Investment Management Fees | 6/29/21 | $261,676 |
Children's Miracle Network Fundraising Services | 6/29/21 | $299,915 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $28,361 |
| Membership dues | $0 |
| Fundraising events | $5,107,446 |
| Related organizations | $13,278,929 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,998,228 |
| Noncash contributions included in lines 1a–1f | $965,164 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,412,964 |
| Total Program Service Revenue | $0 |
| Investment income | $7,963,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $69,496 |
| Net Rental Income | $223,910 |
| Net Gain/Loss on Asset Sales | $85,976,834 |
| Net Income from Fundraising Events | -$651,228 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,995,512 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,033,955 |
| 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. | $1,075,354 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,238,292 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $527,317 |
| Payroll taxes | $0 |
| Fees for services: Management | $9,456 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $351,137 |
| Fees for services: Investment Management | $1,490,806 |
| Fees for services: Other | $416,792 |
| Advertising and promotion | $29,319 |
| Office expenses | $205,541 |
| Information technology | $154,405 |
| Royalties | $0 |
| Occupancy | $12,655 |
| Travel | $12,952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,316 |
| Interest | $106,934 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,673 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $39,068,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,472,861 |
| Pledges and grants receivable | $13,156,891 |
| 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 | $283,957 |
| Net Land, buildings, and equipment | $10,590,197 |
| Investments—publicly traded securities | $454,039,252 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,228,868 |
| Total assets | $506,772,026 |
| Accounts payable and accrued expenses | $2,009,314 |
| 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 | $0 |
| Other liabilities | $7,944,545 |
| Total liabilities | $9,953,859 |
| Net assets without donor restrictions | $336,850,700 |
| Net assets with donor restrictions | $159,967,467 |
| 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 | $506,772,026 |
Grants Awarded
Over the last fiscal year, Arkansas Childrens Foundation has awarded $32,030,655 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Little Rock, AR PURPOSE: GENERAL SUPPORT | $20,662,675 |
Little Rock, AR PURPOSE: GENERAL SUPPORT | $9,501,789 |
Little Rock, AR PURPOSE: RESEARCH | $1,866,191 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Arkansas Childrens Foundation has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $5,000 |
Jklm Family Foundation Homewood, IL PURPOSE: GENERAL | $1,000 |
Endowment Analysis
| Beg. Balance | $360,538,541 |
| Earnings | $86,546,553 |
| Net Contributions | $16,957,381 |
| Other Expense | $13,043,118 |
| Ending Balance | $450,999,357 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Methodist Healthcare Ministries Of South Texas Inc San Antonio, TX | $1,649,903,020 | $330,118,946 |
Dallas Safety Net Support Corporation Dallas, TX | $4,237,418 | $77,320,079 |
Baylor Health Care System Foundation Dallas, TX | $467,606,696 | $53,895,442 |
Valley Baptist Legacy Foundation Harlingen, TX | $0 | $14,611,699 |
Scott & White Healthcare Foundation Dallas, TX | $180,193,020 | $21,935,084 |
Arkansas Childrens Foundation Little Rock, AR | $506,772,026 | $131,995,512 |
Parkland Foundation Dallas, TX | $33,444,460 | $13,500,351 |
Service Organization Of West Texas Lubbock, TX | $5,121,013 | $34,116,790 |
Service Organization Of North Texas Lubbock, TX | $2,347,817 | $21,268,111 |
Swla Center For Health Services Lake Charles, LA | $23,169,398 | $25,064,227 |
Service Organization Of The Piney Woods Lubbock, TX | $125,455 | $15,876,016 |
Cyberspace Innovation Center Incoporated Bossier City, LA | $14,331,496 | $17,560,867 |