Razorback Foundation Inc

Organization Overview

Razorback Foundation Inc is located in Fayetteville, AR. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Razorback Foundation Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Razorback 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, Razorback Foundation Inc generated $26.1m 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 (10.1%) each year. All expenses for the organization totaled $21.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Razorback Foundation Inc has awarded 19 individual grants totaling $199,508,182. 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

SUPPORT OF INTERCOLLEGIATE ATHLETICS AT THE UNIVERSITY OF ARKANSAS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYMENTS TO AND ON BEHALF OF THE UNIVERSITY OF ARKANSAS ATHLETIC DEPARTMENT FOR OPERATIONAL FUNDING.


PAYMENTS TO AND ON BEHALF OF THE UNIVERSITY OF ARKANSAS ATHLETIC DEPARTMENT FOR FACILITIES, CONSTRUCTION, AND RENOVATION.


PAYMENTS TO AND ON BEHALF OF THE UNIVERSITY OF ARKANSAS ATHLETIC DEPARTMENT FOR SCHOLARSHIPS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mi-mar Family Enterprises Llc
Speaking Engagements
$200,000
Van Horn Enterprises
Speaking Engagements
$162,500
Dick Idol Studios Llc
Art Commissioning
$165,000
Bret Bielema
Guaranty Payment
$4,268,333
View All Vendors

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$25,675,081
Noncash contributions included in lines 1a–1f $1,203,831
Total Revenue from Contributions, Gifts, Grants & Similar$25,675,081
Total Program Service Revenue$0
Investment income $180,546
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $255,027
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $26,130,749

Grants Awarded

Over the last fiscal year, Razorback Foundation Inc has awarded $13,915,220 in support to 3 organizations.

Grant RecipientAmount

UNIVERSITY OF ARKANSAS

PURPOSE: ATHLETIC DEPARTMENT EXPENSES

$7,709,396

UNIVERSITY OF ARKANSAS

PURPOSE: CAPITAL CONSTRUCTION

$6,003,958

UNIVERSITY OF ARKANSAS

PURPOSE: SCHOLARSHIPS

$201,866
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Razorback Foundation Inc has recieved totaling $19,600.

Awarding OrganizationAmount
Mccrary Foundation

Hot Springs, AR

PURPOSE: ANNUAL FUND GIFTS

$12,100
Vendors Fore Education

Bentonville, AR

|

$7,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,951,403
Earnings$1,905,362
Admin Expense$201,866
Net Contributions$113,195
Ending Balance$6,768,094

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