Arkansas State Employees Association Inc
- Assets
- $1.6m
- Revenue
- $803.7k
- Investments
- $1.2m
- Employees
- 6
- Location
- Little Rock, AR
- Founding
- 04/1977
- Data as of
- 06/2021
- EIN
- 71-0458401
Organization Overview
Arkansas State Employees Association Inc is located in Little Rock, AR. The organization was established in 1977. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2021, Arkansas State Employees Association Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas State Employees Association Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2021, Arkansas State Employees Association Inc generated $803.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $685.3k 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
BETTERMENT OF STATE GOVERNMENT AND STATE EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ARKANSAS STATE EMPLOYEES ASSOCIATION (ASEA'S)FISCAL YEAR END 6 30 2021 HIGHLIGHTS INCLUDED: LEGISLATIVE ACCOMPLISHMENTS INCLUDED PROTECTING THE BENEFITS OF RETIRED STATE EMPLOYEES. INDEPENDENT PROPOSALS WERE INTRODUCED TO REDUCE THE ANNUAL PENSION COST OF LIVING ADJUSTMENT FROM 3% TO THE CONSUMER PRICE INDEX RATE. THIS PROPOSAL DID NOT LEAVE COMMITTEE AFTER ASEA LOBBIED COMMITTEE MEMBERS AND WE RALLIED OUR RETIRED MEMBERS TO CONTACT THEIR LEGISLATORS. AFTER THAT SITUATION A DECISION WAS MADE BY THE EMPLOYEE BENEFITS BOARD TO REMOVE RETIREES FROM THE STATE AND EMPLOYEE SUPPORTED PHARMACY PLAN AND ENROLL THEM IN A MEDICARE PART "D" PLAN. ASEA FORMED A RETIREE SUB- COMMITTEE TO FIGHT THIS ISSUE AND CONTACTED RETIREES FROM ALL OVER THE STATE. SOON AFTER THE EBD BOARD HELD A SPECIAL MEETING AND A MOTION WAS MADE TO EXPUNGE THE VOTE. SINCE THEN A MORE CAREFUL APPROACH HAS BEEN MADE TO REDUCE THE INCOMING DEFICIT. ASEA WAS PROUD TO AWARD A RECORD NUMBER OF SCHOLARSHIPS DURING OUR FISCAL YEAR. A TOTAL OF 20 1,000 SCHOLARSHIPS WERE AWARDED TO MEMBERS OF ASEA AND THEIR FAMILIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bridges Executive Di | Officer | 40 | $89,005 |
Dona Bowry Vice Preside | OfficerTrustee | 0.7 | $0 |
Holli Patrick Secretary | OfficerTrustee | 0.7 | $0 |
Jeff Jackson President | OfficerTrustee | 0.7 | $0 |
Brock Baker Board Member | Trustee | 0.7 | $0 |
Jim Abson Board Member | Trustee | 0.7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $485,733 |
| Investment income | $7,534 |
| 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 | $803,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $42,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,005 |
| Compensation to disqualified persons | $305,252 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $30,567 |
| Other employee benefits | $56,633 |
| Payroll taxes | $28,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,792 |
| Information technology | $5,082 |
| Royalties | $0 |
| Occupancy | $27,600 |
| Travel | $327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,741 |
| Interest | $0 |
| Payments to affiliates | $5,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $685,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $319,287 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,233,247 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,147 |
| Total assets | $1,608,681 |
| Accounts payable and accrued expenses | $175 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $175 |
| 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 | $1,608,506 |