Form 990 for tax year 2023
Filed by SOUTH ARKANSAS COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $773,681
- Total expenses
- $386,227
- Contributions and grants received
- $491,376
- Grants paid
- $282,822
- Program service revenue
- $0
- Investment income
- $217,030
- Other revenue
- $65,275
- Total assets, end of year
- $4,363,175
- Total liabilities, end of year
- $31,663
- Net assets or fund balances, end of year
- $4,331,512
- Program services expenses (Part IX)
- $282,822
- Management and general expenses
- $103,405
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $282,822
Program services were 73.2% 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
$491,376
-
3 · Investment income
total $143,932 · excluded $143,932
-
7a · Gross sales of assets other than inventory
securities $746,095
-
7b · Less cost or other basis and sales expenses
securities $672,997
-
7c · Gain or loss
securities $73,098
-
7d · Net gain or loss
total $73,098 · excluded $73,098
-
8a · Fundraising events: gross income
$133,713
-
8b · Fundraising events: direct expenses
$68,451
-
8c · Net income from fundraising events
total $65,262 · excluded $65,262
-
11a · Other revenue: OTHER INCOME
total $13 · related or exempt $13
-
11e · Other revenue, total
$13
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $191,116 · program services $191,116
-
2 · Grants to domestic individuals
total $91,706 · program services $91,706
-
11a · Fees: management
total $4,067 · management and general $4,067
-
11c · Fees: accounting
total $13,750 · management and general $13,750
-
11g · Fees: other
total $80,544 · management and general $80,544
-
13 · Office expenses
total $4,970 · management and general $4,970
-
17 · Travel
total $74 · management and general $74
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $45,542 · end of year $48,457
-
4 · Accounts receivable
beginning of year $3,000
-
9 · Prepaid expenses and deferred charges
beginning of year $11,763 · end of year $9,047
-
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 $3,768,473 · end of year $4,305,671
-
17 · Accounts payable and accrued expenses
end of year $688
-
25 · Other liabilities
beginning of year $44,325 · end of year $30,975
-
27 · Net assets without donor restrictions
beginning of year $2,802,669 · end of year $3,744,645
-
28 · Net assets with donor restrictions
beginning of year $981,784 · end of year $586,867
Mission and programs · 2023
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 $282,822 · Grants $282,822
As filed on the 2023 return.
Listed in Part VII
-
GREG WITHROW
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
ROBERT L ROBINSON IV
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
-
ANNE CAUTHRON
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
CHRISTY GUNTER
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 VAUGHAN
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
GREG WILLIAMS
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
WYATT WINKENWERDER
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
-
FURTHER THE EDUCATIONAL, LITERARY, AND SCIENTIFIC WORK AND SERVICES OF SOUTH ARKANSAS COMMUNITY COLLEGE.
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.
-
170 (B)(1)(A) · COLLEGE · AR
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 26 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500879349300135
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