University Of Arkansas Community College Of Hope Foundation Inc
- Assets
- $4.3m
- Revenue
- $564.9k
- Investments
- $3.7m
- Employees
- 0
- Location
- Hope, AR
- Founding
- 01/1994
- Data as of
- 06/2021
- EIN
- 71-0715175
Organization Overview
University Of Arkansas Community College Of Hope Foundation Inc is located in Hope, AR. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Arkansas Community College Of Hope Foundation 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 06/2021, University Of Arkansas Community College Of Hope Foundation Inc generated $564.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $246.5k during the year ending 06/2021. 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
THE PRIMARY PURPOSE OF THE UNIVERSITY OF ARKANSAS HOPE-TEXARKANA FOUNDATION, INC. IS TO ADVANCE HIGHER EDUCATION BY SECURING PRIVATE FINANCIAL SUPPORT FOR ALL UNITS AND ACTIVITIES OF THE UNIVERSITY OF ARKANSAS HOPE-TEXARKANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF THE UNIVERSITY OF ARKANSAS AT HOPE COMMUNITY COLLEGE BY PROVIDING SCHOLARSHIPS TO QUALIFIED STUDENTS
ESTABLISHMENT OF A CAMPUS BOOKSTORE PROGRAM OPERATED BY THE FOUNDATION TO ALLOW STUDENTS TO PURCHASE EDUCATIONAL SUPPLIES AT LOWER RETAIL RATES TO PROVIDE VOCATIONAL OPPORTUNITIES FOR A GREATER NUMBER OF STUDENTS
UNRESTRICTED GRANT EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Ramsey Chairman | Trustee | 0 | $0 |
Venita Mccellon Allen Director | Trustee | 0 | $0 |
Kathy Struckman Vice Chair | Trustee | 0 | $0 |
Jamie Pafford Gresham Director | Trustee | 0 | $0 |
Trevor Coffee Director | Trustee | 0 | $0 |
Charlotte Bradley Director | 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 | $406,426 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $406,426 |
| Total Program Service Revenue | $83,565 |
| Investment income | $50,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,851 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $564,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,486 |
| 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 | $0 |
| Fees for services: Accounting | $14,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,806 |
| Office expenses | $7,037 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $125 |
| 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 | $3,177 |
| Insurance | $0 |
| All other expenses | $8,463 |
| Total functional expenses | $246,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $172,057 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $166,637 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,593 |
| Prepaid expenses and deferred charges | $13,750 |
| Net Land, buildings, and equipment | $134,821 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,732,312 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,000 |
| Total assets | $4,251,170 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $36,498 |
| 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 | $36,498 |
| Net assets without donor restrictions | $835,478 |
| Net assets with donor restrictions | $3,379,194 |
| 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 | $4,251,170 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Arkansas Community College Of Hope Foundation Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: 1ST INSTALLMENT OF $10,000 SCHOLARSHIP DONATION | $2,500 |
Endowment Analysis
| Beg. Balance | $2,192,741 |
| Earnings | $831,149 |
| Net Contributions | $171,582 |
| Grants | $62,775 |
| Ending Balance | $3,132,697 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Independent Opportunities Inc Of Oklahoma Tulsa, OK | $20,718,127 | $36,214,630 |
Kipp St Louis St Louis, MO | $47,986,833 | $42,773,078 |
Sid W Richardson Foundation Fort Worth, TX | $543,405,327 | $35,826,736 |
Genesys Works Group Return Houston, TX | $10,607,341 | $22,553,959 |
Girl Scouts Of Eastern Missouri Inc St Louis, MO | $41,876,901 | $17,676,549 |
Families & Children Together Inc El Dorado, AR | $3,440,326 | $10,725,537 |
Vilcap Inc Houston, TX | $5,374,554 | $9,179,521 |
Rose Brooks Center Inc Kansas City, MO | $20,126,633 | $9,910,378 |
Kleinheinz Family Foundation For The Arts And Education Fort Worth, TX | $0 | $13,876,382 |
My Possibilities Plano, TX | $35,881,798 | $10,188,118 |
Hardesty Family Foundation Inc Tulsa, OK | $132,895,698 | $5,904,373 |
Brotherhood Of Maintenance Of Way Employees Hendersonville, TN | $4,697,141 | $6,259,699 |