Arkansas Research Alliance
- Assets
- $2.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Conway, AR
- Founding
- 05/2008
- Data as of
- 06/2021
- EIN
- 26-2160988
Organization Overview
Arkansas Research Alliance is located in Conway, AR. The organization was established in 2008. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Arkansas Research Alliance employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Research Alliance 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 06/2021, Arkansas Research Alliance generated $2.5m 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 (5.5%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
INVEST IN RESEARCH THAT STIMULATES INNOVATION, ENCOURAGES COLLABORATION AND STRENGTHENS ECONOMIC OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARS PROGRAM - BRIDGING UNIVERSITY RESEARCH AND ECONOMIC DEVELOPMENT. SCHOLARS CONCENTRATE ON ARKANSAS STRONGEST AND MOST COMMERCIALLY VIABLE RESEARCH COMPETENCIES.
PROJECTS - TOXICOLOGICAL RESEARCH: CURRENT RESEARCH PROJECTS INCLUDE DRUG DEVELOPMENT, STEM CELL RESEARCH AND CUTTING EDGE MEMBRANE TECHNOLOGY AND PURIFICATION PROCESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Adams President | OfficerTrustee | 4 | $177,292 |
Sonja Hubbard Chair | OfficerTrustee | 4 | $0 |
Robert Shoptaw Treasurer | OfficerTrustee | 4 | $0 |
Charles Nabholz Vice-Treasurer | OfficerTrustee | 4 | $0 |
Reynie Rutledge Trustee | Trustee | 2 | $0 |
Michelle Wolfe Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $367,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,150,295 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,517,295 |
| Total Program Service Revenue | $0 |
| Investment income | $2,810 |
| 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 | $2,522,456 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $177,292 |
| Compensation of current officers, directors, key employees. | $177,292 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $268,571 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,910 |
| Payroll taxes | $33,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,507 |
| Fees for services: Accounting | $49,024 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,604 |
| Office expenses | $14,843 |
| Information technology | $13,289 |
| Royalties | $0 |
| Occupancy | $21,585 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,803 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $958 |
| Insurance | $4,884 |
| All other expenses | $218,847 |
| Total functional expenses | $2,650,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,504,762 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,169 |
| Accounts receivable, net | $0 |
| 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 | $18,566 |
| Net Land, buildings, and equipment | $3,045 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $627 |
| Total assets | $2,528,169 |
| Accounts payable and accrued expenses | $132,356 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| 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 | $0 |
| Total liabilities | $142,356 |
| Net assets without donor restrictions | $2,385,813 |
| Net assets with donor restrictions | $0 |
| 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 | $2,528,169 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arkansas Research Alliance has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heartland Forward Bentonville, AR | $3,100,602 | $9,900,502 |
Arkansas Research Alliance Conway, AR | $2,528,169 | $2,522,456 |
Real Estate Council Inc Dallas, TX | $1,409,391 | $1,647,020 |
The Foundation For Research On Equal Opportunity Austin, TX | $624,869 | $1,480,083 |
Operator Foundation Austin, TX | $143,524 | $731,650 |
Research & Development Associates Inc San Antonio, TX | $276,530 | $508,511 |
Hamilton Flourishing Chattanooga, TN | $19,909 | $325,012 |
Bi-State Development Research Institute St Louis, MO | $0 | $23,375 |
Action Plan Oklahoma Inc Oklahoma City, OK | $198,785 | $400,000 |
Institute For Economic Empowerment Of Women Oklahoma City, OK | $149,356 | $182,626 |
North Texas Commission Foundation DFW Airport, TX | $257,060 | $193,131 |
Cumberland Region Tomorrow Nashville, TN | $173,795 | $75,030 |