Arkansas Community Colleges Foundation
- Assets
- $1.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Little Rock, AR
- Founding
- 10/1997
- Data as of
- 06/2022
- EIN
- 71-0795889
Organization Overview
Arkansas Community Colleges Foundation is located in Little Rock, AR. The organization was established in 1997. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Arkansas Community Colleges Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Community Colleges 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 06/2022, Arkansas Community Colleges Foundation generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. 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
PROVIDE SERVICES TO ARKANSAS TWO YEAR COLLEGES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SERVICES TO 22 ARKANSAS TWO-YEAR COLLEGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Henderson Executive Director | Officer | 40 | $161,050 |
Michael Leach Employee | 40 | $105,377 | |
Debra West Past Chair | OfficerTrustee | 1 | $0 |
Steven Bloomberg Chair-Elect | OfficerTrustee | 1 | $0 |
Bentley Wallace Officer | OfficerTrustee | 1 | $0 |
Christine Holt Officer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $523,494 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $331,581 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $855,075 |
| Total Program Service Revenue | $795,138 |
| Investment income | $2,509 |
| 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 | $1,652,722 |
| 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. | $18,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $472,945 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $114,088 |
| Payroll taxes | $34,464 |
| 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 | $219,427 |
| Advertising and promotion | $8,348 |
| Office expenses | $6,576 |
| Information technology | $5,718 |
| Royalties | $0 |
| Occupancy | $15,101 |
| Travel | $8,840 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,255 |
| Interest | $13,364 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,019 |
| Insurance | $8,664 |
| All other expenses | $0 |
| Total functional expenses | $1,620,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $779,920 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $537,631 |
| 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 | $330,702 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,960 |
| Total assets | $1,653,213 |
| Accounts payable and accrued expenses | $50,238 |
| Grants payable | $0 |
| Deferred revenue | $975,472 |
| 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 | $335,173 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,360,883 |
| Net assets without donor restrictions | $266,712 |
| Net assets with donor restrictions | $25,618 |
| 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 | $1,653,213 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Arkansas Community Colleges Foundation has recieved totaling $36,500.
| Awarding Organization | Amount |
|---|---|
Kresge Foundation Troy, MI PURPOSE: TO HELP THE ARKANSAS CENTER FOR STUDENT SUCCESS ESTABLISH A MORE PERMANENT FUNDING BASE. | $25,000 |
Patterson Foundation Texarkana, TX PURPOSE: FURTHERANCE OF EXEMPT PURPOSES | $11,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bacone Baptist Church Muskogee, OK | $8,262,001 | $7,873,102 |
Tulsa Community College Foundation Tulsa, OK | $22,351,433 | $4,013,088 |
Shorter College North Little Rock, AR | $8,338,765 | $8,311,177 |
The Metropolitan Community College Foundation Kansas City, MO | $16,663,239 | $3,405,477 |
Dallas County Community College District Foundation Inc Dallas, TX | $68,087,017 | $10,311,935 |
Jacksonville College Jacksonville, TX | $5,355,399 | $5,417,972 |
Pellissippi State Community College Foundation Knoxville, TN | $20,765,427 | $1,042,268 |
Crowleys Ridge College Paragould, AR | $5,358,943 | $3,865,992 |
North Harris Montgomery Community College District Foundation The Woodlands, TX | $39,494,296 | $6,076,044 |
Southwestern Christian College Terrell, TX | $4,746,786 | $3,502,099 |
Walters State Community College Foundation Morristown, TN | $27,157,062 | $3,646,836 |
Northwest Arkansas Community College Foundation Inc Bentonville, AR | $44,091,991 | $5,872,868 |