Arkansas Governors Mansion Association
- Assets
- $1.1m
- Revenue
- $243.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 11/1985
- Data as of
- 06/2022
- EIN
- 71-0594754
Organization Overview
Arkansas Governors Mansion Association is located in Little Rock, AR. The organization was established in 1985. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Governors Mansion Association 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 Governors Mansion Association generated $243.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $111.5k 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
IMPROVEMENT OF THE ARKANSAS GOVERNOR'S MANSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAM SERVICES RELATE TO THE MAINTENANCE, RESTORATION AND IMPROVEMENT OF THE ARKANSAS GOVERNOR'S MANSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leanne Bird Vice President | OfficerTrustee | 4 | $0 |
Tammy Browning President | OfficerTrustee | 4 | $0 |
Laura Edwards Treasurer | OfficerTrustee | 4 | $0 |
Angela Waldrip Secretary | OfficerTrustee | 4 | $0 |
Connie Bennett Director | Trustee | 1 | $0 |
Laurie Hamilton-Black Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $127,500 |
| Fundraising events | $13,636 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,519 |
| Total Program Service Revenue | $31,800 |
| Investment income | $14,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,878 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,742 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $243,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $6,500 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,182 |
| Fees for services: Other | $0 |
| Advertising and promotion | $565 |
| Office expenses | $3,738 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $65 |
| 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 | $1,237 |
| Insurance | $0 |
| All other expenses | $9,846 |
| Total functional expenses | $111,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,322 |
| 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 | $622 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $194,206 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $573,949 |
| Total assets | $1,058,099 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $631,695 |
| Net assets with donor restrictions | $426,404 |
| 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 | $1,058,099 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Arkansas Governors Mansion Association has recieved totaling $96,831.
| Awarding Organization | Amount |
|---|---|
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: GARDEN PATH PROJECT | $53,292 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: PROJECT PARTIALLY FINISHED IN GOVERNOR'S MANSION | $43,539 |
Endowment Analysis
| Beg. Balance | $743,044 |
| Earnings | -$68,784 |
| Admin Expense | $7,182 |
| Net Contributions | $3,701 |
| Grants | $96,830 |
| Ending Balance | $573,949 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heritage Foundation Of Williamson County Tn Franklin, TN | $23,589,168 | $5,101,900 |
Andrew Jackson Foundation Hermitage, TN | $11,010,285 | $4,320,645 |
Galveston Historical Foundation Inc Galveston, TX | $33,194,723 | $16,815,449 |
Memphis Chapter For Preservation Of Tennessee Antiquities Nashville, TN | $7,377,257 | $4,193,595 |
Jefferson National Parks Association Inc St Louis, MO | $9,104,174 | $5,372,825 |
Oklahoma Hall Of Fame Inc Oklahoma City, OK | $15,367,222 | $1,723,507 |
Mamie Mcfaddin Ward Heritage Foundation Beaumont, TX | $39,179,042 | $6,717,900 |
San Antonio Conservation Society San Antonio, TX | $5,466,281 | $1,168,192 |
Texas State Historical Association Austin, TX | $3,131,063 | $1,524,927 |
Friends Of The Texas Historical Commission Inc Austin, TX | $2,566,548 | $1,192,867 |
State Historical Society Of Missouri Columbia, MO | $7,318,381 | $1,450,178 |
American Association For State And Local History Nashville, TN | $3,183,463 | $1,709,459 |