Arkansas Community Foundation Inc
- Assets
- $423.1m
- Revenue
- $36.6m
- Investments
- $104.5m
- Employees
- 46
- Location
- Little Rock, AR
- Founding
- 07/1976
- Data as of
- 06/2020
- EIN
- 52-1055743
Organization Overview
Arkansas Community Foundation Inc is located in Little Rock, AR. The organization was established in 1976. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2020, Arkansas Community Foundation Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Arkansas Community Foundation Inc generated $36.6m 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 (7.4%) each year. All expenses for the organization totaled $57.0m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Arkansas Community Foundation Inc has awarded 8,619 individual grants totaling $170,903,798. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ARKANSAS COMMUNITY FOUNDATION ENGAGES PEOPLE, CONNECTS RESOURCES AND INSPIRES SOLUTIONS TO BUILD COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS - INCLUDES SCHOLARSHIPS FOR HIGHER EDUCATION, SUPPORT FOR EARLY CHILDHOOD LITERACY, OUT-OF-SCHOOL LEARNING OPPORTUNITIES FOR CHILDREN, EARLY CHILDHOOD CARE, AND K-12 EDUCATION.
COMMUNITY PROGRAMS - INCLUDES PROGRAMS THAT SUPPORT QUALITY OF LIFE AND CIVIC ENGAGEMENT, SUCH AS ARTS AND HUMANITIES, ENVIRONMENTAL CAUSES, COMMUNITY DEVELOPMENT AND VOLUNTEERISM.
FAMILY PROGRAMS - INCLUDES HUMAN SERVICE PROGRAMS, SUPPORT FOR FAMILY FINANCIAL STABILITY AND EMPLOYMENT, HUNGER, AND HOMELESSNESS.
HEALTH PROGRAMS - INCLUDES SUPPORT FOR HEALTHCARE INSTITUTIONS, PUBLIC HEALTH INITIATIVES, AND CHARITABLE CLINICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Larkin President/ceo | Officer | 40 | $239,150 |
Ashley Coldiron Chief Development Officer | Officer | 40 | $176,558 |
Corey Moline Treasurer/cfo | Officer | 40 | $151,120 |
Sarah Kinser Chief Program Officer | 40 | $109,411 | |
Eric Hutchinson Finance Chair | OfficerTrustee | 0 | $0 |
Philip Tappan Chair | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Converge Consulting Llc Consulting Fees | 6/29/20 | $345,025 |
Laf 5 Allied Llc Office Space Lease Payments | 6/29/20 | $240,020 |
Mary Angela Duran Dba Duran And Associa Consulting Fees | 6/29/20 | $141,671 |
Vines Media Llc Advertisement | 6/29/20 | $111,177 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,226,000 |
| Investment income | $9,551,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,184,268 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,585,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,282,929 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $706,099 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $879,228 |
| Pension plan accruals and contributions | $82,640 |
| Other employee benefits | $72,236 |
| Payroll taxes | $99,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,316 |
| Fees for services: Accounting | $58,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $574,196 |
| Advertising and promotion | $0 |
| Office expenses | $52,885 |
| Information technology | $163,956 |
| Royalties | $0 |
| Occupancy | $336,973 |
| Travel | $27,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,767 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,887 |
| Insurance | $26,818 |
| All other expenses | $0 |
| Total functional expenses | $56,956,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,067,876 |
| Pledges and grants receivable | $11,877,578 |
| Accounts receivable, net | $582,538 |
| 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 |
| Investments—publicly traded securities | $286,425,376 |
| Investments—other securities | $104,491,184 |
| Investments—program-related | $50,000 |
| Intangible assets | $0 |
| Other assets | $230,997 |
| Total assets | $423,064,038 |
| Accounts payable and accrued expenses | $427,798 |
| Grants payable | $936,780 |
| 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 | $448,990 |
| Total liabilities | $1,813,568 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $421,250,470 |
Grants Awarded
Over the last fiscal year, Arkansas Community Foundation Inc has awarded $49,744,502 in support to 2,119 organizations.
| Grant Recipient | Amount |
|---|---|
Bentonville, AR PURPOSE: CONSTRUCTION | $9,949,000 |
Bentonville, AR PURPOSE: OPERATING GRANT | $5,011,684 |
Bentonville, AR PURPOSE: CONSTRUCTION SUPPORT | $4,783,000 |
Bentonville, AR PURPOSE: SUPPLEMENTAL GRANT | $4,100,000 |
Bentonville, AR PURPOSE: OPERATING SUPPORT | $2,698,599 |
Springdale, AR PURPOSE: TO SUPPORT OPERATIONS FOR ASPSF AND PROVIDE RESOURCES FOR AFFILIATE MATCHING GRANT PROGRAM. GRANT IS PURSUANT TO GRANT AGREEMENT DATED OCTOBER 25, 2017 | $1,661,500 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Arkansas Community Foundation Inc has recieved totaling $86,196.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $28,338 |
Organization Name not Listed PURPOSE: GENERAL SUPPORT | | $18,500 |
Organization Name not Listed PURPOSE: GENERAL SUPPORT | | $18,500 |
Mary Anna Chop Charitable Trust Pine Bluff, AR PURPOSE: SCHOLARSHIPS | $10,235 |
Mary Anna Chop Charitable Trust Pine Bluff, AR PURPOSE: SCHOLARSHIPS | $10,235 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $75 |
Endowment Analysis
| Beg. Balance | $206,628,081 |
| Earnings | $4,804,939 |
| Admin Expense | $2,085,709 |
| Net Contributions | $10,338,673 |
| Other Expense | $122,437 |
| Grants | $8,609,320 |
| Ending Balance | $210,954,227 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northeast Arkansas Clinic Char Foundation Inc Jonesboro, AR | $24,103,701 | $92,884,472 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX | $306,692,518 | $97,887,988 |
St Louis Community Foundation Incorporated St Louis, MO | $404,378,232 | $92,826,893 |
The Community Fdn Of Middle Tn Inc Nashville, TN | $502,496,814 | $62,530,849 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
Arkansas Community Foundation Inc Little Rock, AR | $423,064,038 | $36,585,354 |
Austin Community Foundation Austin, TX | $299,194,596 | $73,533,997 |
San Antonio Area Foundation San Antonio, TX | $363,969,632 | $131,999,201 |
The Greater New Orleans Foundation New Orleans, LA | $373,676,678 | $58,425,140 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $584,174,786 | $68,785,609 |
Community Foundation Of North Texas Fort Worth, TX | $381,870,729 | $45,000,711 |
Community Foundation Of The Ozarks Inc Springfield, MO | $310,173,310 | $59,095,239 |