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← ASSOCIATED INDUSTRIES OF ARKANSAS FOUNDATION INC

Form 990 for tax year 2024

Filed by ASSOCIATED INDUSTRIES OF ARKANSAS FOUNDATION INC.

Totals

Total revenue
$2,504,668
Total expenses
$2,749,346
Contributions and grants received
$1,684,025
Grants paid
$1,000
Program services expenses (Part IX)
$2,297,578
Management and general expenses
$451,768
Fundraising expenses
$0
Program service expenses (Part III)
$2,297,578

Program services were 83.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHRIS HART

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GARY HEAD

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • GREG WILLIAMS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • KENNETH HALL

    SECRETARY

    Total calculated
    $194,383
    From this org
    $0
    From related orgs
    $183,833
    Other
    $10,550
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,833 related
    Bonus
    $0 + $8,000 related
    Other
    $0
    Deferred
    $0 + $10,550 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $194,383 related

  • RANDY ZOOK

    PRESIDENT

    Total calculated
    $477,450
    From this org
    $0
    From related orgs
    $456,750
    Other
    $20,700
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $320,250 related
    Bonus
    $0 + $136,500 related
    Other
    $0
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $477,450 related

  • BRAD SPRADLIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DREW TESSIER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEN ADAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH QUINN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KENNETH CALHOUN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MAX BRASWELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL GARNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RANDY HENDERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHANNON SAMPLES NEWTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDREW PARKER

    EXECUTIVE DIRECTOR

    Total calculated
    $174,130
    From this org
    $0
    From related orgs
    $166,667
    Other
    $7,463
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,667 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $0 + $7,463 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $174,130 related

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 — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3
ARKANSAS STATE CHAMBER OF COMMERCE, A RELATED ORGANIZATION, USES A WRITTEN EMPLOYMENT CONTRACT AND APPROVAL OF THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION OF THE EXECUTIVE DIRECTOR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.1
Source object
202523219349317817

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