Northwest Arkansas Council Foundation
- Assets
- $9.5m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Springdale, AR
- Founding
- 02/2014
- Data as of
- 12/2021
- EIN
- 46-0807914
Organization Overview
Northwest Arkansas Council Foundation is located in Springdale, AR. The organization was established in 2014. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Arkansas Council 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 12/2021, Northwest Arkansas Council Foundation generated $13.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.6% each year . All expenses for the organization totaled $13.9m during the year ending 12/2021. While expenses have increased by 33.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
PROVIDE SUPPORT TO THE NORTHWEST ARKANSAS COUNCIL, A SECTION 501(C)(6) ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO THE NORTHWEST ARKANSAS COUNCIL, A SECTION 501(C)(6) ORGANIZATION, IN ORDER TO IMPROVE THE LIVING CONDITIONS OF THE RESIDENTS OF NORTHWEST ARKANSAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marshall Saviers Chairman | OfficerTrustee | 1 | $0 |
Mike Harvey Chief Operating Officer | Officer | 40 | $0 |
Nelson Peacock Executive Director | Officer | 40 | $0 |
Carl George Director | Trustee | 1 | $0 |
Wayne Mays Director | Trustee | 1 | $0 |
Robert Smith Policy Director | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nw Arkansas Education Service Coop Industrial Partners Outreach | 12/30/19 | $164,687 |
Plug & Play Llc Supply Chain & Logistics Accelerator | 12/30/19 | $400,000 |
Bird's Eye Creative Llc Web Site Work | 12/30/19 | $180,474 |
Grit Studios Entrepreneurial Development | 12/30/19 | $345,537 |
University Of Arkansas Recycling Project/special Reports | 12/30/19 | $233,251 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,621,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,903,357 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,524,854 |
| Total Program Service Revenue | $0 |
| Investment income | $5,863 |
| 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 | $13,530,717 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,389,393 |
| Pension plan accruals and contributions | $76,189 |
| Other employee benefits | $116,345 |
| Payroll taxes | $146,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,314 |
| Advertising and promotion | $0 |
| Office expenses | $8,092 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,703 |
| Travel | $51,569 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,981 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $371,334 |
| Total functional expenses | $13,877,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,515 |
| Savings and temporary cash investments | $5,057,281 |
| Pledges and grants receivable | $3,643,589 |
| 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 | $658,043 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,473,428 |
| Accounts payable and accrued expenses | $720,911 |
| Grants payable | $0 |
| Deferred revenue | $1,167,000 |
| 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 | $1,887,911 |
| Net assets without donor restrictions | $1,364,289 |
| Net assets with donor restrictions | $6,221,228 |
| 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 | $9,473,428 |
Grants Recieved
Over the last fiscal year, we have identified 31 grants that Northwest Arkansas Council Foundation has recieved totaling $11,367,840.
| Awarding Organization | Amount |
|---|---|
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT OPERATIONS OF THE NORTHWEST ARKANSAS COUNCIL. | $1,498,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT IMPLEMENTATION OF THE NORTHWEST ARKANSAS: LIFE WORKS HERE CAMPAIGN. | $1,200,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT. | $1,000,000 |
Tyson Foundation Inc Fayetteville, AR PURPOSE: GROUNDWAVES PROGRAM | $695,976 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO IMPLEMENT TARGETED TALENT RECRUITMENT EFFORTS. | $635,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: PROGRAM AND OPERATING SUPPORT FOR THE START-UP OF THE NEW REGIONAL ARTS SERVICES ORGANIZATION IN NW ARKANSAS. | $551,839 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Homefront Inc San Antonio, TX | $30,804,944 | $40,861,039 |
Three Rivers Planning & Development District Pontotoc, MS | $48,398,868 | $43,682,575 |
Gulf Coast Community Services Assn Inc Houston, TX | $4,457,612 | $33,824,576 |
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Hill Country Community Action Association Inc San Saba, TX | $4,864,839 | $26,700,596 |
Crawford Sebastian Community Development Council Inc Fort Smith, AR | $10,081,488 | $25,336,007 |
Hope Enterprise Corporation Jackson, MS | $150,349,143 | $24,959,106 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
St Martin Iberia Lafayette Parishes Community Action Agency Lafayette, LA | $1,628,921 | $19,226,376 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |