Arkansas Steel Associates Charitable Tr
- Assets
- $570.4k
- Revenue
- $30.1k
- Investments
- $511.3k
- Employees
- 0
- Location
- Newport, AR
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 71-6178691
Organization Overview
Arkansas Steel Associates Charitable Tr is located in Newport, AR. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Steel Associates Charitable Tr 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, Arkansas Steel Associates Charitable Tr generated $30.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $41.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Arkansas Steel Associates Charitable Tr has awarded 168 individual grants totaling $212,375. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tomio Okada President | 2 | $0 | |
Jim Gowen Sr Trustee | 2 | $0 | |
Mike Turner Trustee | 2 | $0 | |
Larry Williams Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $65 |
| Dividends & Interest | $4,110 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,822 |
| Capital Gain Net Income | $19,822 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,074 |
| Total Revenue | $30,071 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $749 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $749 |
| Contributions, gifts, grants paid | $40,500 |
| Total expenses and disbursements | $41,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,042 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $570,374 |
| 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 |
Grants Awarded
Over the last fiscal year, Arkansas Steel Associates Charitable Tr has awarded $40,500 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
DRIVE PURPOSE: SCHOLARSHIP | $12,000 |
NEA CHARITABLE FOUNDATION PURPOSE: SCHOLARSHIP | $10,000 |
Newport, AR PURPOSE: ANIMAL SHELTER CAPITAL PROJECTS | $8,000 |
NEWPORT SCHOOL DISTRICT CHARITABLE FOUNDATION INC PURPOSE: SCHOLARSHIP | $5,000 |
HARRIS FOUNDATION PURPOSE: SCHOLARSHIP | $1,500 |
REAGAN WASHAM PURPOSE: SCHOLARSHIP | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |