Arts & Science Center For Southeast Arkansas Endowment Fund Inc
- Assets
- $15.7m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Pine Bluff, AR
- Founding
- 12/1986
- Data as of
- 12/2021
- EIN
- 71-0636240
Organization Overview
Arts & Science Center For Southeast Arkansas Endowment Fund Inc is located in Pine Bluff, AR. The organization was established in 1986. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Arts & Science Center For Southeast Arkansas Endowment Fund 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 12/2021, Arts & Science Center For Southeast Arkansas Endowment Fund Inc generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 67.6% each year . All expenses for the organization totaled $792.6k during the year ending 12/2021. While expenses have increased by 22.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL SUPPORT TO THE ARTS & SCIENCE CENTER FOR SOUTHEAST ARKANSAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AWARDED TO THE ARTS & SCIENCE CENTER FOR SOUTHEAST ARKANSAS FOR SPECIFIED ART EXHIBITS, PLAY PERFORMANCES, AND EXTRACURRICULAR EDUCATION ACTIVITIES
GRANTS AWARDED TO THE ARTS & SCIENCE CENTER FOR SOUTHEAST ARKANSAS FOR GENERAL OPERATING PURPOSES AND AMOUNTS EXPENDED TO MAINTAIN FACILITIES
DEPRECATION ON FACILITIES PROVIDED TO THE ARTS & SCIENCE CENTER FOR SOUTHEAST ARKANSAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annette Kline Treasurer | OfficerTrustee | 0 | $0 |
Becky Simpson Secretary | OfficerTrustee | 0 | $0 |
Julie Bridgeforth Vice Chairwoman | OfficerTrustee | 0 | $0 |
Troy Debill Chairwoman | OfficerTrustee | 0 | $0 |
David Rainey Board Member | Trustee | 0 | $0 |
Freddye Petett Board Member | Trustee | 0 | $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 | $6,531,946 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,531,946 |
| Total Program Service Revenue | $0 |
| Investment income | $111,695 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,649,141 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $507,931 |
| 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 | $10,595 |
| 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 | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,284 |
| Fees for services: Other | $41,188 |
| Advertising and promotion | $0 |
| Office expenses | $310 |
| 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 | $151,821 |
| Insurance | $8,458 |
| All other expenses | $15,550 |
| Total functional expenses | $792,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,154,959 |
| 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 | $6,418,051 |
| Investments—publicly traded securities | $6,835,625 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $297,612 |
| Total assets | $15,706,247 |
| 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 | $8,768,317 |
| Net assets with donor restrictions | $6,937,930 |
| 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 | $15,706,247 |
Grants Awarded
Over the last fiscal year, Arts & Science Center For Southeast Arkansas Endowment Fund Inc has awarded $83,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASC FOR SE ARKANSAS PURPOSE: EDUCATIONAL GRANTS | $62,250 |
ASC FOR SE ARKANSAS PURPOSE: GENERAL OPERATING | $20,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arts & Science Center For Southeast Arkansas Endowment Fund Inc has recieved totaling $3,934.
| Awarding Organization | Amount |
|---|---|
Simmons First Foundation Inc Pine Bluff, AR PURPOSE: RUBE GOLDBERG PROJECT | $3,934 |
Endowment Analysis
| Beg. Balance | $4,806,700 |
| Earnings | $442,944 |
| Admin Expense | $545,534 |
| Net Contributions | $15,106,752 |
| Other Expense | $10,312,315 |
| Grants | $507,931 |
| Ending Balance | $8,990,616 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arkansas Museum Of Fine Arts Foundation Little Rock, AR | $93,043,643 | $19,970,442 |
Houston Public Media Foundation Houston, TX | $3,722,035 | $15,443,011 |
World War Ii Theatre Inc New Orleans, LA | $71,080,444 | $7,985,731 |
Dallas Symphony Foundation Dallas, TX | $145,117,113 | $12,980,267 |
Fort Worth Art Association Endowment Foundation Fort Worth, TX | $167,745,649 | $12,496,724 |
Oklahoma City National Memorial Foundation Oklahoma City, OK | $43,932,179 | $4,892,726 |
The Hobby Center Foundation Houston, TX | $78,248,185 | $8,249,942 |
Friends Of Oeta Inc Oklahoma City, OK | $52,803,812 | $14,188,991 |
Admiral Nimitz Foundation Fredericksburg, TX | $24,328,747 | $7,231,861 |
St Louis Art Museum Foundation St Louis, MO | $296,394,608 | $22,752,701 |
Foundation For Excellence In Louisiana Public Broadcasting Baton Rouge, LA | $50,029,430 | $8,763,063 |
Memphis Brooks Museum Of Art Inc Memphis, TN | $44,232,792 | $7,821,496 |