Arkansas Press Association
- Assets
- $1.3m
- Revenue
- $179.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 07/1983
- Data as of
- 11/2021
- EIN
- 71-0005903
Organization Overview
Arkansas Press Association is located in Little Rock, AR. The organization was established in 1983. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Press Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 11/2021, Arkansas Press Association generated $179.9k 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 (4.8%) each year. All expenses for the organization totaled $191.5k during the year ending 11/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 6 years. 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
BUSINESS ASSOCIATION OF NEWSPAPERS LOCATED IN ARKANSAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS ASSOCIATION OF NEWSPAPERS LOCATED IN ARKANSAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eliza Gaines Second Vice President | OfficerTrustee | 1 | $0 |
Lori Freeze First Vice President | OfficerTrustee | 1 | $0 |
Ellen Kreth President | OfficerTrustee | 1 | $0 |
Ashley Wimberley Executive Director | Officer | 10 | $0 |
Tom White Director | Trustee | 1 | $0 |
Rusty Turner Immediate Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $112,218 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,765 |
| Total Program Service Revenue | $26,557 |
| Investment income | $146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,457 |
| 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 | $179,925 |
| 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 | $55,000 |
| Pension plan accruals and contributions | $2,732 |
| Other employee benefits | $5,700 |
| Payroll taxes | $7,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,000 |
| 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 | $0 |
| Advertising and promotion | $480 |
| Office expenses | $16,910 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,074 |
| Travel | $8,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,012 |
| Interest | $13,894 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,889 |
| Insurance | $1,506 |
| All other expenses | $0 |
| Total functional expenses | $191,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,545 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,483 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,355 |
| Inventories for sale or use | $1,292 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,178,024 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,482 |
| Total assets | $1,277,181 |
| Accounts payable and accrued expenses | $15,863 |
| 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 | $505,733 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $593,185 |
| Total liabilities | $1,114,781 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $162,400 |
| 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 | $1,277,181 |
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|---|---|---|
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The Texas Democracy Foundation Austin, TX | $1,291,717 | $1,907,878 |
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