Southern Arkansas University Foundation Inc
- Assets
- $40.2m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Magnolia, AR
- Founding
- 07/1981
- Data as of
- 12/2021
- EIN
- 71-0549140
Organization Overview
Southern Arkansas University Foundation Inc is located in Magnolia, AR. The organization was established in 1981. 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. Southern Arkansas University 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 12/2021, Southern Arkansas University Foundation Inc generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 8.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL AID & SCHOLARSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTHERN ARKANSAS UNIVERSITY-FUNDS GIVEN BY THE FOUNDATION SOUTHERN ARKANSAS UNIVERSITY FOR ACADEMIC SCHOLARSHIPS TO HIGH ABILITY STUDENTS
SOUTHERN ARKANSAS UNIVERSITY-FUNDS GIVEN TO SUPPLEMENT DEPARTMENT OPERATIONS
SOUTHERN ARKANSAS UNIVERSITY-LECTURES, PROGRAMS, MEETINGS, CONCERTS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Arnold Secretary | OfficerTrustee | $0 | |
David Rankin Treasurer | OfficerTrustee | $0 | |
Jennifer Pierce Chair | OfficerTrustee | $0 | |
Trey Berry Ex Officio | Trustee | $0 | |
Travis Buchanan Director | Trustee | $0 | |
Steve Card Vice Chair | Trustee | $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 | $4,197,416 |
| Noncash contributions included in lines 1a–1f | $43,809 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,197,416 |
| Total Program Service Revenue | $0 |
| Investment income | $1,184,121 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,060,188 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,441,726 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,350,346 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $12,535 |
| 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 | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $190,736 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,989 |
| Office expenses | $16,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,862 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,837,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,852,387 |
| Savings and temporary cash investments | $815,215 |
| 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 | $6,373 |
| Net Land, buildings, and equipment | $10 |
| Investments—publicly traded securities | $34,543,403 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,217,388 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $232,587 |
| Net assets with donor restrictions | $39,984,801 |
| 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 | $40,217,388 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Southern Arkansas University Foundation Inc has recieved totaling $211,334.
| Awarding Organization | Amount |
|---|---|
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: JOHN AND KIM MCFARLAND SCHOLARSHIPS | $76,594 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $26,500 |
Albemarle Foundation Charlotte, NC PURPOSE: PROGRAM ASSISTANCE | $25,000 |
Magale Foundation Shreveport, LA PURPOSE: SCHOLARSHIP FUND | $25,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $25,000 |
Greater Houston Community Foundation Houston, TX PURPOSE: EDUCATIONAL | $20,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |
University Of Southern Mississippi Foundation Hattiesburg, MS | $151,472,857 | $19,113,544 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
Usmma Sailing Foundation Inc Spring Hill, TN | $32,552,654 | $5,996,554 |
Robert M Hearin Support Foundation Jackson, MS | $193,382,417 | $17,750,137 |
Friends Of Imagine International Academy Of North Texas Mckinney, TX | $32,038,501 | $13,231,420 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX | $379,261,425 | $375,406 |