North Arkansas College Foundation Inc
- Assets
- $9.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Harrison, AR
- Founding
- 03/1977
- Data as of
- 06/2021
- EIN
- 71-0486926
Organization Overview
North Arkansas College Foundation Inc, operating under the name North Arkansas College Foundation, is located in Harrison, AR. The organization was established in 1977. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Arkansas College 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 06/2021, North Arkansas College Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $292.0k 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
TO ENHANCE NORTH ARKANSAS COLLEGE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
SUPPORT OF NORTH ARKANSAS COLLEGE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Arnold Executive Di | OfficerTrustee | $0 | |
Melanie Savells Vice Preside | OfficerTrustee | 1.5 | $0 |
Anne Hubbard Secretary | OfficerTrustee | 1.5 | $0 |
Pat Reed Director | Officer | 0.5 | $0 |
Leslie Abbott Director | Trustee | $0 | |
Cathy Brandt Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $541,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $541,525 |
| Total Program Service Revenue | $0 |
| Investment income | $929,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,656 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,085 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,789,559 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $222,473 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,040 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,300 |
| Fees for services: Accounting | $9,118 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,000 |
| Advertising and promotion | $0 |
| Office expenses | $11,789 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $249 |
| Travel | $23 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,112 |
| Insurance | $4,616 |
| All other expenses | $3,460 |
| Total functional expenses | $292,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,032 |
| Savings and temporary cash investments | $1,023,892 |
| Pledges and grants receivable | $32,207 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $545 |
| Inventories for sale or use | $1,781 |
| Prepaid expenses and deferred charges | $14,683 |
| Net Land, buildings, and equipment | $848,803 |
| Investments—publicly traded securities | $7,699,488 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,628,431 |
| Accounts payable and accrued expenses | $6,274 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,917,579 |
| 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 | $1,923,853 |
| Net assets without donor restrictions | $1,490,164 |
| Net assets with donor restrictions | $6,214,414 |
| 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 | $9,628,431 |
Grants Awarded
Over the last fiscal year, North Arkansas College Foundation Inc has awarded $204,183 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRANSFERS TO NORTHARK - OR | | | $149,658 |
TRANSFERS TO NORTHARK - TR | | | $54,525 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that North Arkansas College Foundation Inc has recieved totaling $1,014.
| Awarding Organization | Amount |
|---|---|
Arvest Foundation Bentonville, AR PURPOSE: TO SUPPORT THE NORTH ARKANSAS COLLEGE ATHLETIC PROGRAM WITH ENHANCEMENTS TO BALLFIELDS. | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ranken Technical College St Louis, MO | $130,223,439 | $47,100,026 |
Martin Methodist College Pulaski, TN | $36,451,504 | $26,683,667 |
Cottey College Nevada, MO | $140,381,856 | $25,014,106 |
Bacone Baptist Church Muskogee, OK | $8,262,001 | $7,873,102 |
Tulsa Community College Foundation Tulsa, OK | $22,351,433 | $4,013,088 |
Shorter College North Little Rock, AR | $8,338,765 | $8,311,177 |
The Metropolitan Community College Foundation Kansas City, MO | $16,663,239 | $3,405,477 |
Dallas County Community College District Foundation Inc Dallas, TX | $68,087,017 | $10,311,935 |
Jacksonville College Jacksonville, TX | $5,355,399 | $5,417,972 |
Pellissippi State Community College Foundation Knoxville, TN | $20,765,427 | $1,042,268 |
Crowleys Ridge College Paragould, AR | $5,358,943 | $3,865,992 |
North Harris Montgomery Community College District Foundation The Woodlands, TX | $39,494,296 | $6,076,044 |