Single Parent Scholarship Fund Of Northwest Arkansas Inc

Organization Overview

Single Parent Scholarship Fund Of Northwest Arkansas Inc is located in Bentonville, AR. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Single Parent Scholarship Fund Of Northwest Arkansas Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Single Parent Scholarship Fund Of Northwest Arkansas 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, Single Parent Scholarship Fund Of Northwest Arkansas Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 15.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF SINGLE PARENT SCHOLARSHIP FUND OF NORTHWEST ARKANSAS IS TO HELP SINGLE PARENTS BECOME SELF-SUFFICIENT THROUGH POST SECONDARY EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIP GRANTS TO QUALIFIED AND SELECTED SINGLE PARENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Tyler Clark
Executive Di
$96,679
Ladeana Duncan
Chair
$0
Randy Werner
Vice Chair
$0
Rhonda Moore
Member At La
$0
Johnice Glisson
Secretary
$0
Brad Crain
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$182,434
Related organizations$0
Government grants $20,500
All other contributions, gifts, grants, and similar amounts not included above$2,025,982
Noncash contributions included in lines 1a–1f $95,079
Total Revenue from Contributions, Gifts, Grants & Similar$2,228,916
Total Program Service Revenue$0
Investment income $618,202
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$91,283
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,762,215

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Single Parent Scholarship Fund Of Northwest Arkansas Inc has recieved totaling $1,190,245.

Awarding OrganizationAmount
Arkansas Community Foundation Inc

Little Rock, AR

PURPOSE: GENERAL OPERATING SUPPORT

$1,049,455
Arkansas Community Foundation Inc

Little Rock, AR

PURPOSE: TO SUPPORT MERGER PROGRAM AND OPERATIONAL SUPPORT

$60,157
The Arkansas Single Parent Scholarship Fund

Springdale, AR

PURPOSE: FUND GRANTS PAID TO SINGLE PARENT RECIPIENTS

$21,304
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$20,325
Stenkirke Family Foundation

Siloam Springs, AR

PURPOSE: GENERAL & UNRESTRICTED

$20,000
Arkansas Community Foundation Inc

Little Rock, AR

PURPOSE: TO AWARD DIRECT FINANCIAL ASSISTANCE, IN THE FORM OF SCHOLARSHIPS, THAT WILL EMPOWER LOW-INCOME SINGLE PARENTS TO WORK THEIR WAY OUT OF POVERTY THROUGH ACCESS TO HIGHER EDUCATION

$10,000
View Grant Recipient Profile

Endowment Analysis

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