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Nonprofiteer
← THE ARKANSAS SINGLE PARENT SCHOLARSHIP FUND

Form 990 for tax year 2022

Filed by THE ARKANSAS SINGLE PARENT SCHOLARSHIP FUND.

Totals

Total revenue
$1,344,973
Total expenses
$3,260,189
Contributions and grants received
$1,240,937
Grants paid
$10,121
Program service revenue
$0
Investment income
$104,036
Other revenue
$0
Total assets, end of year
$9,598,450
Total liabilities, end of year
$222,749
Net assets or fund balances, end of year
$9,375,701
Program services expenses (Part IX)
$2,482,395
Management and general expenses
$336,319
Fundraising expenses
$441,475
Program service expenses (Part III)
$2,482,395

Program services were 76.1% 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.

  • 1d · Related organizations

    $1,700

  • 1e · Government grants (contributions)

    $223,784

  • 1f · All other contributions, gifts and grants

    $1,015,453

  • 3 · Investment income

    total $24,615 · excluded $24,615

  • 7a · Gross sales of assets other than inventory

    securities $712,310 · other assets $4,500

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

    securities $637,389 · other assets $0

  • 7c · Gain or loss

    securities $74,921 · other assets $4,500

  • 7d · Net gain or loss

    total $79,421 · related or exempt $4,500 · excluded $74,921

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,121 · program services $10,121

  • 5 · Compensation of officers, directors and key employees

    total $121,838 · program services $45,689 · management and general $45,689 · fundraising $30,460

  • 7 · Other salaries and wages

    total $905,081 · program services $621,808 · management and general $108,349 · fundraising $174,924

  • 9 · Other employee benefits

    total $129,061 · program services $83,890 · management and general $19,359 · fundraising $25,812

  • 10 · Payroll taxes

    total $76,774 · program services $49,903 · management and general $11,516 · fundraising $15,355

  • 11g · Fees: other

    total $182,317 · program services $56,518 · management and general $67,457 · fundraising $58,342

  • 12 · Advertising and promotion

    total $77,573 · program services $11,636 · management and general $15,515 · fundraising $50,422

  • 13 · Office expenses

    total $24,819 · program services $15,907 · management and general $3,948 · fundraising $4,964

  • 17 · Travel

    total $56,482 · program services $34,822 · management and general $8,661 · fundraising $12,999

  • 19 · Conferences, conventions and meetings

    total $17,013 · program services $8,507 · management and general $4,253 · fundraising $4,253

  • 22 · Depreciation, depletion and amortization

    total $15,752 · management and general $15,752

  • 23 · Insurance

    total $9,754 · program services $4,779 · management and general $3,511 · fundraising $1,464

  • 24a · Other expenses: SCHOLARSHIP AND STUDENT

    total $1,028,204 · program services $1,028,204

  • 24b · Other expenses: LOSS ON ADJUSTMENT OF G

    total $394,229 · program services $394,229

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $136,619 · program services $95,633 · management and general $27,324 · fundraising $13,662

  • 24d · Other expenses: FUNDRAISING

    total $42,433 · fundraising $42,433

  • 24e · All other expenses

    total $32,119 · program services $20,749 · management and general $4,985 · fundraising $6,385

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $269,398 · end of year $212,899

  • 2 · Savings and temporary cash investments

    beginning of year $1,000,906 · end of year $1,688,382

  • 3 · Pledges and grants receivable

    beginning of year $5,946,220 · end of year $3,675,658

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,463 · end of year $26,656

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

    $71,208

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

    $61,862

  • 10c · Land, buildings and equipment, net

    beginning of year $25,098 · end of year $9,346

  • 11 · Investments: publicly traded securities

    beginning of year $5,060,287 · end of year $3,985,509

  • 17 · Accounts payable and accrued expenses

    beginning of year $147,296 · end of year $129,617

  • 25 · Other liabilities

    beginning of year $118,305 · end of year $93,132

  • 27 · Net assets without donor restrictions

    beginning of year $947,866 · end of year $1,188,869

  • 28 · Net assets with donor restrictions

    beginning of year $11,098,905 · end of year $8,186,832

Mission and programs · 2022

Mission

ASPSF PROVIDES FINANCIAL ASSISTANCE AND PERSONAL SUPPORT TO LOW INCOME SINGLE PARENTS WHO ARE CURRENTLY ENROLLED IN A POST-SECONDARY COURSE OF STUDY LEADING TO EMPLOYMENT WITH FAMILY SUPPORTING WAGES.

Activities or mission (Part I)

THE MISSION OF ARKANSAS SINGLE PARENT SCHOLARSHIP FUND IS TO ENABLE SINGLE PARENTS TO OBTAIN SELF-SUFFICIENCY THROUGH POST SECONDARY EDUCATION.

  • ARKANSAS SINGLE PARENT SCHOLARSHIP FUND ASSISTS LOW INCOME SINGLE PARENTSMOVE FROM A LIFE OF DEPENDENCY-DEPENDENT ON TAX-FUNDED STATE AND FEDERALASSISTANCE PROGRAMS AND LOCAL SOCIAL SERVICES - TO ONE OF SELF-SUFFICIENCYAS THEY BECOME TAX-PAYING PROFESSIONALS PROUDLY SUPPORTING THEIR FAMILIESON THEIR OWN. WE ACCOMPLISH THIS BY ASSISTING SINGLE PARENTS TO COMPLETETHEIR TWO OR FOUR-YEAR COLLEGE DEGREES OR PROFESSIONAL CERTIFICATES,OPENING DOORS TO NEW EMPLOYMENT AT WAGES ABOVE THE POVERTY LEVEL.

    Expenses $2,482,395 · Grants $10,121 · Revenue $4,500

As filed on the 2022 return.

Listed in Part VII

  • Sandra Valley-Bagley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Charles Donaldson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ryan Morrow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ventrell Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mike Weaver

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Sunshine Bartlett

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Betsy Baker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Adelene McClenny

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Jean Block

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Thomas Flowers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ray Winiecki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael O'Bryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Maret Cahill Wicks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ruthanne Hill

    EXECUTIVE DIRECTOR

    Total calculated
    $126,712
    From this org
    $121,838
    From related orgs
    $0
    Other
    $4,874
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2022
Filed
23 August 2023
IRS schema version
2022v5.0
Source object
202322799349301207

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