Arkansas Policy Foundation
- Assets
- $24.6k
- Revenue
- $96.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Little Rock, AR
- Founding
- 08/1995
- Data as of
- 12/2023
- EIN
- 71-0771091
Organization Overview
Arkansas Policy Foundation is located in Little Rock, AR. The organization was established in 1995. According to its NTEE Classification (I99) the organization is classified as: Crime & Legal-Related N.E.C., under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Policy 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 12/2023, Arkansas Policy Foundation generated $96.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $115.3k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990, PART III, QUESTION 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
TWENTY (20) RESEARCH MEMOS WERE DISTRIBUTED IN 2023. THE MEMOS EXAMINED POLICY AREAS SUCH AS CITIZENSHIP, THE U.S. AND ARKANSAS ECONOMIES, EDUCATION, AND FISCAL POLICY. TOPICS INCLUDED (CITIZENSHIP) CIVIL SOCIETY; (ECONOMY) THE EXPANDING U. S. ECONOMY, COINCIDENT ECOMOMIC INDICATORS, ECONOMIC EXPANSIONS AND STATE REVENUE SURPLUSES, INCOME GROWTH, POPULATION GROWTH, TOTAL NONFARM PAYROLL EMPLOYMENT GROWTH, PRIVATE SECTOR PAYROLL GROWTH (EDUCATION) READING SCORES, LITERACY RATES, EDUCATION SAVINGS ACCOUNTS, SCHOOL CHOICE MARKET, EDUCATIONAL MARKETS IN ARKANSAS REGIONS; (FISCAL POLICY) REGULATORY SANDBOXES, INCOME TAXES, STATE INCOME TAX RATES, COLLECTION RECOVERY, AND STATE REVENUE SURPLUSES. THE FOUNDATION DISTRIBUTES ITS RESEARCH VIA ITS WEBSITE (WWW.ARKANSASPOLICYFOUNDATION.ORG) AND THE U. S. MAIL. THE FOUNDATION DISTRIBUTES ITS RESEARCH FREE OF CHARGE. THE FOUNDATION HAS DISTRIBUTED DICTIONARIES TO ARKANSAS K-12 STUDENTS SINCE 2005. THE FOUNDATION PARTICIPATES WITH CIVIC AND COMMUNITY GROUPS. THE FOUNDATION ALSO SPONSORS PUBLIC FORUMS. ADMISSION IS FREE. THE FOUNDATION CO-SPONSORED A FORUM ON LITERACY IN 2023 IN LEE COUNTY IN ARKANSAS' DELTA REGION. FORUM PARTICIPANTS INCLUDED COMMUNITY LEADERS, SERVICE CLUB MEMBERS, AND PUBLIC SCHOOL EDUCATORS. THE FOUNDATION IS AN EDUCATIONAL ORGANIZATION THAT SEEKS TO FOSTER CITIZENSHIP AMONG ARKANSANS. THE FOUNDATION'S GOVERNING BOARD INCLUDES AN ACCOUNTANT, BANKER, ECONOMIST, FOUNDATION EXECUTIVE, INVESTMENT PROFESSIONAL, RETIRED FOUNDATION EXECUTIVE, RETIRED PUBLIC SCHOOL ADMINISTRATOR, AND THREE BUSINESSMEN. VISIBILITY: NEWS MEDIA CITED THE FOUNDATION'S RESEARCH IN 2023. THE FOUNDATION'S WEBSITE INCLUDES A VISIBILITY FEATURE THAT LISTS MEDIA CITATIONS. THESE INCLUDED THE ARKANSAS DEMOCRAT-GAZETTE, NORTHWEST ARKANSAS DEMOCRAT-GAZETTE, ARKANSAS BUSINESS, TALK BUSINESS AND TIMES-HERALD. MEDIA ARE BASED IN ALL ARKANSAS REGIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Kaza Executive Direc | Officer | 40 | $90,148 |
George H Dunklin Jr Board Chairman | OfficerTrustee | 1 | $0 |
Bob G Ratchford Director | Trustee | 1 | $0 |
Gregory P Hartz Treasurer | OfficerTrustee | 1 | $0 |
Blant Hurt Director | Trustee | 1 | $0 |
William Rockefeller Director | Trustee | 1 | $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 | $96,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,550 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,550 |
| 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. | $90,148 |
| Compensation of current officers, directors, key employees. | $21,636 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,799 |
| Travel | $793 |
| 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 | $0 |
| Insurance | $786 |
| All other expenses | $168 |
| Total functional expenses | $115,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,561 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,561 |
| Accounts payable and accrued expenses | $13,391 |
| 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 | $13,391 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $11,170 |
| Total liabilities and net assets/fund balances | $24,561 |