Arkansas Real Estate Foundation Inc
- Assets
- $64.5k
- Revenue
- $603.0
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 10/1992
- Data as of
- 06/2022
- EIN
- 74-2418473
Organization Overview
Arkansas Real Estate Foundation Inc is located in Little Rock, AR. The organization was established in 1992. 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 Real Estate Foundation Inc 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 Real Estate Foundation Inc generated $603.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $41.3k during the year ending 06/2022. 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 Program Activity:
Part 3 - Line 4a
N/A -- IN YEAR ENDED JUNE 30, 2022, ARKANSAS REAL ESTATE FOUNDATION, INC. HAD NO DIRECT CHARITABLE ACTIVITIES. INSTEAD, ACTIVITY WAS LIMITED TO MAKING GRANTS AVAILABLE TO QUALIFYING ORGANIZATIONS TO BE USED IN CARRYING OUT THEIR OWN TAX-EXEMPT FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Mackey Chairman | 1 | $0 | |
Doug Smith Director | 1 | $0 | |
Tracey Rancifer Director | 1 | $0 | |
Kim Ashcraft Executive Dir. | 1 | $0 | |
Ken Gill Director | 1 | $0 | |
Lou Taylor Sec-Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $603 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $603 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $180 |
| Total operating and administrative expenses | $1,260 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $41,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,566 |
| Savings and temporary cash investments | $2,963 |
| 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 | $64,529 |
| 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 Real Estate Foundation Inc has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ARKANSAS AT LITTLE RO PURPOSE: TO CREATE A PERMANENT ENDOWMENT FOR SCHOLARSHIP OPPORTUNITIES AT THE UNIVERSITY OF ARKANSAS AT LITTLE ROCK, COLLEGE OF BUSINESS. | $20,000 |
WALTON COLLEGE OF BUSINESS PURPOSE: TO CREATE A PERMANENT ENDOWMENT FOR SCHOLARSHIP OPPORTUNITIES AT THE UNIVERSITY OF ARKANSAS, WALTON COLLEGE OF BUSINESS. | $20,000 |