Arkansas Steel Associates Charitable Tr
- Assets
- $597.8k
- Revenue
- $89.0k
- Investments
- $535.2k
- Employees
- 0
- Location
- Newport, AR
- Founding
- 02/2000
- Data as of
- 12/2023
- 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 12/2023, Arkansas Steel Associates Charitable Tr generated $89.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $61.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Arkansas Steel Associates Charitable Tr has awarded 172 individual grants totaling $243,125. 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
2023
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 | $14,839 |
| Interest on Savings | $148 |
| Dividends & Interest | $6,649 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $59,425 |
| Capital Gain Net Income | $59,425 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,902 |
| Total Revenue | $88,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $117 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $2,252 |
| Contributions, gifts, grants paid | $59,250 |
| Total expenses and disbursements | $61,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,643 |
| 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 | $597,835 |
| 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 $59,250 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
JEREMIAH GODAIR PURPOSE: SCHOLARSHIP | $250 |
NOAH CURTIS PURPOSE: SCHOLARSHIP | $250 |
JULIE GLASGOW PURPOSE: SCHOLARSHIP | $250 |
ANNA FORTENBERRY PURPOSE: SCHOLARSHIP | $250 |
JERMILYA CALAMESE PURPOSE: SCHOLARSHIP | $250 |
HARRIS FOUNDATION PURPOSE: SCHOLARSHIP | $1,500 |