Arkansas State University System Foundation Inc

Organization Overview

Arkansas State University System Foundation Inc is located in State University, AR. The organization was established in 1977. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Arkansas State University System Foundation 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 06/2021, Arkansas State University System Foundation Inc generated $17.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $5.4m during the year ending 06/2021. While expenses have increased by 22.6% per year over the past 6 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.

Since 2018, Arkansas State University System Foundation Inc has awarded 35 individual grants totaling $21,290,262. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PRIMARY PURPOSE OF THE FOUNDATION IS TO RECEIVE, SOLICIT, ACCEPT AND HOLD, ADMINISTER, INVEST AND DISBURSE ANY AND EVERY KIND OF PROPERTY FOR SUCH EDUCATION, SCIENTIFIC, LITERARY, RESEARCH AND SERVICE ACTIVITIES FROM INDIVIDUALS AND ORGANIZATIONS, INCLUDING FOUNDATIONS, GOVERNMENT AGENCIES, AND PRIVATE BUSINESSES, TO SUPPORT THE CORPORATION'S ACTIVITIES, AND IT SHALL MANAGE ENDOWMENTS GIVEN TO THE CORPORATION FOR THE BENEFIT OF ALL THE ARKANSAS STATE UNIVERSITY SYSTEM CAMPUSES OPERATIONS, SITES AND FACILITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASU SUPPORT:THE PRIMARY PURPOSE OF THE ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION, INC. (THE FOUNDATION) IS TO RECEIVE, SOLICIT, ACCEPT AND HOLD, ADMINISTER, INVEST AND DISBURSE ANY AND EVERY KIND OF PROPERTY FOR SUCH EDUCATION, SCIENTIFIC, LITERARY, RESEARCH AND SERVICE ACTIVITIES FROM INDIVIDUALS AND ORGANIZATIONS, INCLUDING FOUNDATIONS, GOVERNMENT AGENCIES, AND PRIVATE BUSINESSES, TO SUPPORT THE CORPORATION'S ACTIVITIES, AND IT SHALL MANAGE ENDOWMENTS GIVEN TO THE CORPORATION FOR THE BENEFIT OF ALL THE ARKANSAS STATE UNIVERSITY SYSTEM CAMPUSES OPERATIONS, SITES AND FACILITIES.


ASU ACADEMIC SUPPORT:THE ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION, INC. PROVIDES FINANCIAL ASSISTANCE TO ALL MEMBER CAMPUSES OF THE ARKANSAS STATE UNIVERISTY SYSTEM AND RELATED ENTITIES IN SUPPORT OF TEACHING, RESEARCH, DISTANCE LEARNING, LIBRARY MEDIA SERVICES, ECONOMIC DEVELOPMENT AND OUTREACH PROGRAMS BY SUPPLEMENTING UNIVERSITY BUDGETS FOR SUPPLIES AND SERVICES, TRAVEL, EQUIPMENT, TECHNOLOGY, HUMAN RESOURCES AND ALL OTHER COSTS RELATED TO THE UNIVERSITY'S ACADEMIC MISSION.


ADMINISTRATIVE SUPPORT:THE ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION, INC. PROVIDES FINANCIAL ASSISTANCE TO ALL MEMBER CAMPUSES OF THE ARKANSAS STATE UNIVERISTY SYSTEM IN SUPPORT OF ADMINISTRATIVE FUNCTIONS LIKE ACADEMIC AFFAIRS, STUDENT AFFAIRS, RESIDENCE LIFE, RECRUITING, COUNSELING, FACILITIES MANAGEMENT, ADVANCEMENT, ALUMNI RELATIONS, INFORMATION TECHNOLOGY, CAREER MANAGEMENT, DISABILITY SERVICES AD DIVERSITY INITIATIVES BY SUPPLEMENTING UNIVERSITY BUDGETS FOR SUPPLIES AND SERVICES, TRAVEL, EQUIPMENT, TECHNOLOGY, HUMAN RESOURCES AND ALL OTHER COSTS RELATED TO THE UNIVERSITY'S ACADEMIC MISSION.


ASU STUDENT SUPPORT:THE ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION, INC. PROVIDES FINANCIAL ASSISTANCE TO ALL MEMBER CAMPUSES OF THE ARKANSAS STATE UNIVERISTY SYSTEM THROUGH ACADEMIC SCHOLARSHIPS, AWARDS, STIPENDS, GRANTS AND GENERAL SUPPORT FOR VARIOUS STUDENT ACTIVITIES. THE MAJORITY OF FINANCIAL ASSISTANCE TO STUDENTS IS MADE BY WAY OF TRANSFERS TO ARKANSAS STATE UNIVERSITY.


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Board, Officers & Key Employees

Name (title)Compensation
Philip Jackson
President
$138,794
Melissa Livingston
Board Liason
$44,232
Judious Lewis
Board Chair
$0
Dr Hazel Dickey
Board Vice Chair
$0
Mr Doug Coy
Immediate Past Chair
$0
Pam Kail
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$336,381
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$11,864,568
Noncash contributions included in lines 1a–1f $6,785,917
Total Revenue from Contributions, Gifts, Grants & Similar$12,200,949
Total Program Service Revenue$0
Investment income $1,568,524
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,395,604
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $17,531,614

Grants Awarded

Over the last fiscal year, Arkansas State University System Foundation Inc has awarded $2,989,712 in support to 7 organizations.

Grant RecipientAmount

ARKANSAS STATE UNIVERSITY - JONESBORO

PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY - JONESBORO

$2,506,027

ARKANSAS STATE UNIVERSITY - NEWPORT

PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY - NEWPORT

$193,587

ARKANSAS STATE UNIVERSITY - MOUNTAIN HOME

PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY - MOUNTAIN HOME

$187,339

ARKANSAS STATE UNIVERSITY - BEEBE

PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY - BEEBE

$57,088

ARKANSAS STATE UNIVERSITY REAL ESTATE FOUNDATION INC

Org PageRecipient Profile

State University, AR

PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY REAL ESTATE FOUNDATION, INC.

$28,090

ARKANSAS STATE UNIVERSITY ALUMNI ASSOCIATION INC

Org PageRecipient Profile

State University, AR

PURPOSE: TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY ALUMNI ASSOCIATION, INC.

$10,831
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 23 grants that Arkansas State University System Foundation Inc has recieved totaling $1,640,200.

Awarding OrganizationAmount
Arkansas State University Three Rivers Foundation

Malvern, AR

PURPOSE: ALL CASH, CASH EQUIVALENTS, AND INVESTMENTS WERE TRANSFERRED TO ASU SYSTEM FOUNDATION UPON DISSOLUTION.

$933,800
Judd Hill Foundation

Heber Springs, AR

|

$278,000
Community Foundation Of Greater Memphis Inc

Memphis, TN

PURPOSE: GENERAL OPERATIONAL SUPPORT

$113,400
Charles Stewart Mott Foundation

Flint, MI

PURPOSE: TO SUPPORT A STATEWIDE AFTERSCHOOL NETWORK TO INCREASE THE AVAILABILITY AND EXPANSION OF FINANCIAL EDUCATION OR COLLEGE AFFORDABILITY PLANNING TO ENHANCE QUALITY AFTERSCHOOL AND SUMMER LEARNING OPPORTUNITIES THAT MEET THE NEEDS OF UNDERSERVED YOUTH.

$50,000
Accesslex Institute

West Chester, PA

PURPOSE: PROGRAM SUPPORT/RESEARCH

$47,000
Beck Foundation Inc

Fairfax Station, VA

PURPOSE: CHEMISTRY PROFESSORSHIP

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$80,507,580
Earnings$18,580,524
Net Contributions$9,677,962
Other Expense$3,711,821
Ending Balance$105,054,245

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