Economics Arkansas Foundation
- Assets
- $3.3m
- Revenue
- $590.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 05/2016
- Data as of
- 05/2022
- EIN
- 81-2176432
Organization Overview
Economics Arkansas Foundation is located in Little Rock, AR. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economics Arkansas 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 05/2022, Economics Arkansas Foundation generated $590.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.6%) each year. All expenses for the organization totaled $163.7k during the year ending 05/2022. 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
TO ASSIST, PROMOTE AND FACILITATE, DIRECTLY AND INDIRECTLY, THE ARKANSAS COUNCIL ON ECONOMIC EDUCATION (DBA ECONOMICS ARKANSAS) IN THE ATTAINMENT OF ITS GOALS AND OBJECTIVES IN FACILITATING EXPOSURE TO ECONOMIC AND FINANCIAL EDUCATION FOR PRIMARY AND SECONDARY LEVEL STUDENTS AND TO SUPPORT AND EXPAND ITS OPERATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO THE PROGRAM AND OPERATING SERVICES OF ARKANSAS COUNCIL ON ECONOMIC EDUCATION (DBA ECONOMICS ARKANSAS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Lawson Executive Director | Officer | 5 | $10,609 |
Jim Wooten Vice President | OfficerTrustee | 0.5 | $0 |
Ray Hobbs President | OfficerTrustee | 1 | $0 |
Allison Richardson Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Ray Dillon Member | Trustee | 0.1 | $0 |
Perry Wilson Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $350,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $177,805 |
| Noncash contributions included in lines 1a–1f | $69,813 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $527,805 |
| Total Program Service Revenue | $0 |
| Investment income | $62,222 |
| 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 | $590,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $116,073 |
| 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. | $12,760 |
| Compensation of current officers, directors, key employees. | $12,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,708 |
| Pension plan accruals and contributions | $342 |
| Other employee benefits | $590 |
| Payroll taxes | $1,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,966 |
| Fees for services: Other | $9,750 |
| Advertising and promotion | $3,119 |
| Office expenses | $1,185 |
| Information technology | $55 |
| Royalties | $0 |
| Occupancy | $1,184 |
| Travel | $540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86 |
| Insurance | $1,727 |
| All other expenses | $427 |
| Total functional expenses | $163,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,194 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,100 |
| Accounts receivable, net | $100 |
| 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 | $0 |
| Investments—publicly traded securities | $3,097,765 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,314,159 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,645 |
| Total liabilities | $39,645 |
| Net assets without donor restrictions | $591,319 |
| Net assets with donor restrictions | $2,683,195 |
| 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 | $3,314,159 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Economics Arkansas Foundation has recieved totaling $1,032.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Endowment Analysis
| Beg. Balance | $2,760,011 |
| Earnings | -$137,391 |
| Admin Expense | $116,073 |
| Net Contributions | $181,337 |
| Ending Balance | $2,687,884 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Firstline Schools Inc New Orleans, LA | $25,158,781 | $60,437,770 |
Education Service Center Region Xii Of Texas Waco, TX | $21,686,581 | $37,093,935 |
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Belle Chasse Academy Inc Belle Chasse, LA | $29,416,847 | $17,545,847 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Leading Educators Inc New Orleans, LA | $10,160,201 | $9,461,961 |
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |
Educate Girls Austin, TX | $42,960,470 | $14,126,525 |
North Mississippi Education Consortion University, MS | $2,578,004 | $9,299,460 |