Skip to content
Nonprofiteer
← NORTH ARKANSAS COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by NORTH ARKANSAS COLLEGE FOUNDATION INC.

Totals

Total revenue
$1,535,780
Total expenses
$694,884
Contributions and grants received
$625,545
Grants paid
$275,624
Program service revenue
$0
Investment income
$632,817
Other revenue
$277,418
Total assets, end of year
$14,448,821
Total liabilities, end of year
$5,840,347
Net assets or fund balances, end of year
$8,608,474
Program services expenses (Part IX)
$566,171
Management and general expenses
$46,983
Fundraising expenses
$81,730
Program service expenses (Part III)
$566,171

Program services were 81.5% 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

    $625,545

  • 3 · Investment income

    total $632,817 · related or exempt $632,817

  • 6b · Less rental expenses

    real property $4,712

  • 6c · Rental income or loss

    real property -$4,712

  • 6d · Net rental income or loss

    total -$4,712 · excluded -$4,712

  • 8a · Fundraising events: gross income

    $289,954

  • 8b · Fundraising events: direct expenses

    $7,874

  • 8c · Net income from fundraising events

    total $282,080 · excluded $282,080

  • 11a · Other revenue: SCRIPT SALE RECEIPTS

    total $50 · related or exempt $50

  • 11e · Other revenue, total

    $50

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $275,624 · program services $275,624

  • 9 · Other employee benefits

    total $1,405 · program services $1,405

  • 13 · Office expenses

    total $30,049 · management and general $30,049

  • 16 · Occupancy

    total $99 · management and general $99

  • 17 · Travel

    total $9,222 · program services $9,002 · management and general $220

  • 20 · Interest

    total $145,703 · program services $145,703

  • 22 · Depreciation, depletion and amortization

    total $105,338 · program services $105,338

  • 23 · Insurance

    total $5,441 · management and general $5,441

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $25,000 · program services $25,000

  • 24b · Other expenses: CASH FAMILY SCHLP

    total $24,525 · fundraising $24,525

  • 24c · Other expenses: NORTHARK CHALLENGE: FOUND

    total $13,341 · fundraising $13,341

  • 24d · Other expenses: FDN GOLF TOURNAMENT

    total $11,426 · fundraising $11,426

  • 24e · All other expenses

    total $47,711 · program services $4,099 · management and general $11,174 · fundraising $32,438

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,845 · end of year $24,113

  • 2 · Savings and temporary cash investments

    beginning of year $1,158,680 · end of year $1,628,693

  • 3 · Pledges and grants receivable

    beginning of year $408,053 · end of year $330,305

  • 7 · Other notes and loans receivable

    beginning of year $448 · end of year $46,300

  • 8 · Inventories for sale or use

    beginning of year $1,562 · end of year $1,512

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,895 · end of year $1,832

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

    $5,088,280

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

    $135,143

  • 10c · Land, buildings and equipment, net

    beginning of year $703,538 · end of year $4,953,137

  • 11 · Investments: publicly traded securities

    beginning of year $6,826,712 · end of year $7,462,929

  • 15 · Other assets

    beginning of year $3,598,291

  • 17 · Accounts payable and accrued expenses

    beginning of year $429,795 · end of year $1,902

  • 21 · Escrow or custodial account liability

    beginning of year $1,656,289 · end of year $1,769,012

  • 25 · Other liabilities

    beginning of year $2,857,360 · end of year $4,069,433

  • 27 · Net assets without donor restrictions

    beginning of year $1,470,573 · end of year $1,506,277

  • 28 · Net assets with donor restrictions

    beginning of year $6,297,007 · end of year $7,102,197

Mission and programs · 2022

Mission

TO ENHANCE NORTH ARKANSAS COLLEGE PROGRAMS.

  • SCHOLARSHIPS

    Expenses $207,866 · Grants $179,134

  • SUPPORT OF NORTH ARKANSAS COLLEGE PROGRAMS.

    Expenses $2,517

  • ALL OTHER EXEMPT PURPOSES.

    Expenses $355,788 · Grants $96,490

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cathy Brandt

    DIRECTOR

    Total calculated
    $0

  • Leslie Eddings

    DIRECTOR

    Total calculated
    $0

  • John Hammerschmidt

    DIRECTOR

    Total calculated
    $0

  • Jay Herrin

    DIRECTOR

    Total calculated
    $0

  • Anne Hubbard

    TREASURER

    Total calculated
    $0

  • Jerry Jackson

    DIRECTOR

    Total calculated
    $0

  • Kevin Jackson

    DIRECTOR

    Total calculated
    $0

  • Bill Lovell

    DIRECTOR

    Total calculated
    $0

  • Dave Morton

    DIRECTOR

    Total calculated
    $0

  • Larry Phillips

    DIRECTOR

    Total calculated
    $0

  • Jerry Pinson

    DIRECTOR

    Total calculated
    $0

  • Layne Ragsdale

    DIRECTOR

    Total calculated
    $0

  • Pat Reed

    DIRECTOR

    Total calculated
    $0

  • Melanie Savells

    PRESIDENT

    Total calculated
    $0

  • Jim Sprott

    DIRECTOR

    Total calculated
    $0

  • Steve Stafford

    DIRECTOR

    Total calculated
    $0

  • Richard Stipe

    CFO

    Total calculated
    $0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2024
IRS schema version
2022v5.0
Source object
202433209349325618

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.