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Nonprofiteer
← SOUTH ARKANSAS COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2024

Filed by SOUTH ARKANSAS COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$2,807,829
Total expenses
$1,232,649
Contributions and grants received
$2,522,132
Grants paid
$1,122,828
Program service revenue
$0
Investment income
$245,960
Other revenue
$39,737
Total assets, end of year
$6,370,718
Total liabilities, end of year
$216,765
Net assets or fund balances, end of year
$6,153,953
Program services expenses (Part IX)
$1,122,828
Management and general expenses
$109,821
Fundraising expenses
$0
Program service expenses (Part III)
$1,122,828

Program services were 91.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,522,132

  • 3 · Investment income

    total $187,882 · excluded $187,882

  • 7a · Gross sales of assets other than inventory

    securities $4,652,444

  • 7b · Less cost or other basis and sales expenses

    securities $4,594,366

  • 7c · Gain or loss

    securities $58,078

  • 7d · Net gain or loss

    total $58,078 · excluded $58,078

  • 8a · Fundraising events: gross income

    $106,177

  • 8b · Fundraising events: direct expenses

    $66,442

  • 8c · Net income from fundraising events

    total $39,735 · excluded $39,735

  • 11a · Other revenue: OTHER INCOME

    total $2 · related or exempt $2

  • 11e · Other revenue, total

    $2

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,005,524 · program services $1,005,524

  • 2 · Grants to domestic individuals

    total $117,304 · program services $117,304

  • 11a · Fees: management

    total $6,072 · management and general $6,072

  • 11c · Fees: accounting

    total $13,750 · management and general $13,750

  • 11g · Fees: other

    total $80,291 · management and general $80,291

  • 13 · Office expenses

    total $9,708 · management and general $9,708

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $48,457 · end of year $77,553

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,047 · end of year $6,029

  • 10a · Land, buildings and equipment: cost or other basis

    $6,490

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,490

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $4,305,671 · end of year $6,287,136

  • 17 · Accounts payable and accrued expenses

    beginning of year $688 · end of year $163,190

  • 25 · Other liabilities

    beginning of year $30,975 · end of year $53,575

  • 27 · Net assets without donor restrictions

    beginning of year $3,744,645 · end of year $4,088,362

  • 28 · Net assets with donor restrictions

    beginning of year $586,867 · end of year $2,065,591

Mission and programs · 2024

Mission

TO AID, STRENGTHEN, AND FURTHER IN EVERY PROPER AND USEFUL WAY THE WORK AND SERVICES OF SOUTH ARKANSAS COLLEGE, AND TO PROVIDE BROADER EDUCATIONAL OPPORTUNITIES TO ITS STUDENTS, STAFF, FACULTY, AND TO THE RESIDENTS OF UNION COUNTY.

Activities or mission (Part I)

THE SOUTH ARKANSAS COLLEGE FOUNDATION EXISTS TO BUILD LEADERSHIP, SCHOLARSHIP AND PARTNERSHIPS BY INCREASING DONOR SUPPORT, REWARDING EXCELLENCE, AND ELEVATING THE STATURE AND IMPORTANCE OF THE SOUTH ARKANSAS COLLEGE LOCALLY, REGIONALLY, AND NATIONALLY.

  • FURTHER LITERARY, SCIENTIFIC, AND EDUCATIONAL PURPOSES OF SOUTH ARKANSAS COLLEGE. ALSO, TO PROVIDE SCHOLARSHIPS TO NUMEROUS COLLEGE STUDENTS & PASS THROUGH CONTRIBUTIONS TO THE COLLEGE.

    Expenses $1,122,828 · Grants $1,122,828

As filed on the 2024 return.

Listed in Part VII

  • Greg Withrow

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5
  • Wyatt Winkenwerder

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5
  • Rodney Landes Jr

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Laura Rogers

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • Felisha Aaron

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Anne Cauthron

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Christy Gunter

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Kristy Hayden

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Will Hegi

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Kristy Lowery

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • David Skinner

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Greg Thomas

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Jim Tidwell

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Elizabeth Oliver

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Chris Wasson

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Greg Williams

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • SOUTH ARKANSAS COLLEGE - VARIOUS PROJECTS

    $229,423

    FURTHER THE EDUCATIONAL, LITERARY, AND SCIENTIFIC WORK AND SERVICES OF SOUTH ARKANSAS COMMUNITY COLLEGE.

  • SOUTH ARKANSAS COLLEGE - ARCHITECT FEES

    $0

    CONSTRUCTION OF BALLPARK AND RESIDENCE HALL

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • SOUTH ARKANSAS COLLEGE

    170 (B)(1)(A) · COLLEGE · AR

Provenance

Return type
form_990
Tax year
2024
Filed
26 March 2026
IRS schema version
2024v5.5
Source object
202630909349300108

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