Fort Smith Public Schools Foundation Inc
- Assets
- $2.7m
- Revenue
- $699.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Smith, AR
- Founding
- 06/1997
- Data as of
- 06/2021
- EIN
- 71-0800240
Organization Overview
Fort Smith Public Schools Foundation Inc is located in Fort Smith, AR. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Smith Public Schools 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, Fort Smith Public Schools Foundation Inc generated $699.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.9% each year . All expenses for the organization totaled $794.3k during the year ending 06/2021. While expenses have increased by 47.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF EDUCATION IN THE FORT SMITH PUBLIC SCHOOLS BY PROVIDING THE NECESSARY FUNDS FOR PROGRAMS NOT OTHERWISE FUNDED BY THE FORT SMITH PUBLIC SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENHANCE THE QUALITY OF EDUCATION IN THE FORT SMITH PUBLIC SCHOOLS BY PROVIDING THE NECESSARY FUNDS FOR PROGRAMS NOT OTHERWISE FUNDED BY THE FORT SMITH PUBLIC SCHOOL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Riley Vice President | OfficerTrustee | 2 | $0 |
Ken Wallace President | OfficerTrustee | 2 | $0 |
Blair Parnell Treasurer | OfficerTrustee | 2 | $0 |
Darell Stovall Immediate Past President | OfficerTrustee | 2 | $0 |
Elizabeth Voris Director | Trustee | 0 | $0 |
Jeannie Cole Director | Trustee | 0 | $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 | $280,172 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,172 |
| Total Program Service Revenue | $0 |
| Investment income | $32,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,760 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $699,348 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $739,248 |
| Grants and other assistance to domestic individuals. | $39,566 |
| 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 | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,260 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $148 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $794,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $829,567 |
| Savings and temporary cash investments | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,825,515 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,655,082 |
| Accounts payable and accrued expenses | $5,935 |
| 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 | $5,935 |
| Net assets without donor restrictions | $1,613,495 |
| Net assets with donor restrictions | $1,035,652 |
| 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 | $2,655,082 |
Grants Awarded
Over the last fiscal year, Fort Smith Public Schools Foundation Inc has awarded $6,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP INVENTION PURPOSE: EDUCATION | $6,000 |
MINI GRANTS PURPOSE: EDUCATION | $0 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fort Smith Public Schools Foundation Inc has recieved totaling $5,005.
| Awarding Organization | Amount |
|---|---|
Arvest Foundation Bentonville, AR PURPOSE: TO SUPPORT CAMP INVENTION SUMMER STEM PROGRAM. | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jasper Ridge Charitable Fund Fort Worth, TX | $1,059,804,391 | $51,342,189 |
Communities Foundation Of Oklahoma Inc Oklahoma City, OK | $155,793,943 | $76,729,791 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
W W Caruth Jr Foundation Dallas, TX | $444,705,321 | $32,925,098 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
Dallas Center For The Performing Arts Foundation Inc Dallas, TX | $209,822,251 | $21,963,048 |
Houston Parks Board Houston, TX | $62,239,000 | $18,357,527 |
Fossil Foundation Richardson, TX | $2,468,423 | $514,916 |
Pratham Usa Houston, TX | $25,223,728 | $25,510,214 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |