The Arkansas Single Parent Scholarship Fund
- Assets
- $8.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 22
- Location
- Springdale, AR
- Founding
- 11/1991
- Data as of
- 12/2023
- EIN
- 71-0704088
Organization Overview
The Arkansas Single Parent Scholarship Fund is located in Springdale, AR. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Arkansas Single Parent Scholarship Fund employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Single Parent Scholarship Fund 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 12/2023, Arkansas Single Parent Scholarship Fund generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Arkansas Single Parent Scholarship Fund has awarded 57 individual grants totaling $1,375,343. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ARKANSAS SINGLE PARENT SCHOLARSHIP FUND IS TO ENABLE SINGLE PARENTS TO OBTAIN SELF-SUFFICIENCY THROUGH POST SECONDARY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARKANSAS SINGLE PARENT SCHOLARSHIP FUND ASSISTS LOW INCOME SINGLE PARENTSMOVE FROM A LIFE OF DEPENDENCY-DEPENDENT ON TAX-FUNDED STATE AND FEDERALASSISTANCE PROGRAMS AND LOCAL SOCIAL SERVICES - TO ONE OF SELF-SUFFICIENCYAS THEY BECOME TAX-PAYING PROFESSIONALS PROUDLY SUPPORTING THEIR FAMILIESON THEIR OWN. WE ACCOMPLISH THIS BY ASSISTING SINGLE PARENTS TO COMPLETETHEIR TWO OR FOUR-YEAR COLLEGE DEGREES OR PROFESSIONAL CERTIFICATES,OPENING DOORS TO NEW EMPLOYMENT AT WAGES ABOVE THE POVERTY LEVEL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharmane Andrews Vice Precident | OfficerTrustee | 2 | $0 |
Dan Brewer Director | Trustee | 0.5 | $0 |
Ryan Morrow Director | Trustee | 0.5 | $0 |
Ventrell Thompson Director | Trustee | 0.5 | $0 |
Mike Weaver Director | Trustee | 0.5 | $0 |
Sunshine Bartlett President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $211,380 |
| All other contributions, gifts, grants, and similar amounts not included above | $762,231 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $973,611 |
| Total Program Service Revenue | $0 |
| Investment income | $118,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $226,031 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,331,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,482 |
| 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. | $124,029 |
| Compensation of current officers, directors, key employees. | $29,767 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $938,316 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $124,811 |
| Payroll taxes | $77,865 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,453 |
| Advertising and promotion | $26,018 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,310 |
| Travel | $51,509 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,817 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,791 |
| Insurance | $6,067 |
| All other expenses | $0 |
| Total functional expenses | $2,968,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,427 |
| Savings and temporary cash investments | $1,259,458 |
| Pledges and grants receivable | $2,105,564 |
| 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 | $43,968 |
| Net Land, buildings, and equipment | $2,486 |
| Investments—publicly traded securities | $4,531,838 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,132,741 |
| Accounts payable and accrued expenses | $86,476 |
| 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 | $93,132 |
| Total liabilities | $179,608 |
| Net assets without donor restrictions | $685,411 |
| Net assets with donor restrictions | $7,267,722 |
| 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 | $8,132,741 |
Grants Awarded
Over the last fiscal year, The Arkansas Single Parent Scholarship Fund has awarded $33,559 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHICOT COUNTY SPSF PURPOSE: FUND GRANTS PAID TO SINGLE PARENT RECIPIENTS | $742 |
SPSF OF NORTHWEST ARKANSAS PURPOSE: FUND GRANTS PAID TO SINGLE PARENT RECIPIENTS | $21,304 |
JEFFERSON COUNTY SPSF PURPOSE: FUND GRANTS PAID TO SINGLE PARENT RECIPIENTS | $3,949 |
WHITE COUNTY SPSF PURPOSE: FUND GRANTS PAID TO SINGLE PARENT RECIPIENTS | $5,036 |
MARION COUNTY SPSF PURPOSE: FUND GRANTS PAID TO SINGLE PARENT RECIPIENTS | $2,138 |
SEVIER COUNTY SPSF PURPOSE: FUND GRANTS PAID TO SINGLE PARENT RECIPIENTS | $390 |