Arkansas State College Foundation For The Advancement Of Higher Educ
- Assets
- $5.5m
- Revenue
- $241.5k
- Investments
- $4.6m
- Employees
- 2
- Location
- State University, AR
- Founding
- 01/1948
- Data as of
- 12/2022
- EIN
- 71-6056090
Organization Overview
Arkansas State College Foundation For The Advancement Of Higher Educ, operating under the name Kays Foundation, is located in State University, AR. The organization was established in 1948. 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 12/2022, Kays Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kays 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 12/2022, Kays Foundation generated $241.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $323.5k during the year ending 12/2022. While expenses have increased by 14.7% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT ARKANSAS STATE UNIVERSITY BY MAKING GRANTS OR CONTRIBUTIONS TO VARIOUS DEPARTMENTS OF THE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDS TO THE ARKANSAS STATE UNIVERSITY TO SUPPORT THE BRADBURY ART MUSEUM AND THE PHYSICAL THERAPY PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucinda Mcdaniel President | 0 | $0 | |
David T Carty Exec. VP / Treasurer | 10 | $13,501 | |
Richard Carvell Vice President | 0 | $0 | |
Betty Jo Rousey Director | 0 | $0 | |
Leonard Mcdaniel Director | 0 | $0 | |
Elizabeth Moad Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,346 |
| Dividends & Interest | $151,730 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,439 |
| Capital Gain Net Income | $84,439 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $241,515 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,501 |
| Other employee salaries and wages | $19,177 |
| Pension plans, employee benefits | $966 |
| Interest | $0 |
| Taxes | $6,639 |
| Depreciation | $9,240 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43,022 |
| Total operating and administrative expenses | $98,545 |
| Contributions, gifts, grants paid | $225,000 |
| Total expenses and disbursements | $323,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20 |
| Savings and temporary cash investments | $437,214 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $881 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $350,000 |
| Net Land, buildings, and equipment | $430,104 |
| Other assets | $0 |
| Total assets | $5,497,723 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |