Form 990 for tax year 2024
Filed by THE FOUNDATION OF ARTS FOR N E ARKANSAS INC.
Totals
- Total revenue
- $719,067
- Total expenses
- $764,365
- Contributions and grants received
- $207,527
- Grants paid
- $0
- Program service revenue
- $488,220
- Investment income
- $21,091
- Other revenue
- $2,229
- Total assets, end of year
- $543,078
- Total liabilities, end of year
- $67,727
- Net assets or fund balances, end of year
- $475,351
- Program services expenses (Part IX)
- $350,571
- Management and general expenses
- $410,928
- Fundraising expenses
- $2,866
- Program service expenses (Part III)
- $350,571
Program services were 45.9% 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.
-
1e · Government grants (contributions)
$60,000
-
1f · All other contributions, gifts and grants
$147,527
-
2a · Program service revenue: EDUCATIONAL
total $265,932 · related or exempt $265,932
-
2b · Program service revenue: PRODUCTIONS
total $161,950 · related or exempt $161,950
-
2c · Program service revenue: SALES/MERCHANDISE
total $33,351 · related or exempt $33,351
-
2d · Program service revenue: OUTREACH INCOME
total $25,441 · related or exempt $25,441
-
2e · Program service revenue: FACILTY RENTALS
total $1,546 · related or exempt $1,546
-
3 · Investment income
total $21,091 · excluded $21,091
-
8a · Fundraising events: gross income
$11,459
-
8b · Fundraising events: direct expenses
$9,975
-
8c · Net income from fundraising events
total $1,484 · excluded $1,484
-
11a · Other revenue: MISCELLANEOUS INCOME
total $745 · excluded $745
-
11e · Other revenue, total
$745
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $327,084 · program services $73,775 · management and general $253,309
-
11c · Fees: accounting
total $33,800 · management and general $33,800
-
12 · Advertising and promotion
total $8,881 · program services $889 · management and general $7,992
-
13 · Office expenses
total $15,631 · management and general $15,631
-
16 · Occupancy
total $54,700 · program services $36,625 · management and general $18,075
-
20 · Interest
total $3,140 · program services $1,570 · management and general $785 · fundraising $785
-
22 · Depreciation, depletion and amortization
total $20,806 · program services $4,162 · management and general $14,563 · fundraising $2,081
-
23 · Insurance
total $17,766 · management and general $17,766
-
24a · Other expenses: PRODUCTION
total $62,059 · program services $62,059
-
24b · Other expenses: OUTREACH
total $52,983 · program services $52,983
-
24c · Other expenses: CONTRACT LABOR
total $48,090 · program services $44,235 · management and general $3,855
-
24d · Other expenses: BANKING & MERCHANT FEES
total $34,734 · program services $34,734
-
24e · All other expenses
total $84,691 · program services $39,539 · management and general $45,152
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $104,628 · end of year $199,043
-
3 · Pledges and grants receivable
beginning of year $272,617 · end of year $182,843
-
8 · Inventories for sale or use
beginning of year $7,815
-
10a · Land, buildings and equipment: cost or other basis
$347,925
-
10b · Land, buildings and equipment: accumulated depreciation
$186,733
-
10c · Land, buildings and equipment, net
beginning of year $118,796 · end of year $161,192
-
15 · Other assets
beginning of year $86,760 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $46,526 · end of year $55,360
-
25 · Other liabilities
beginning of year $23,441 · end of year $12,367
-
27 · Net assets without donor restrictions
beginning of year $473,149 · end of year $445,351
-
28 · Net assets with donor restrictions
beginning of year $47,500 · end of year $30,000
Mission and programs · 2024
Mission
TO ENHANCE THE QUALITY OF LIFE OF OUR COMMUNITY THROUGH THE ARTS.
-
PROGRAMS SUCH AS THEATRICAL PRODUCTIONS, MUSIC, AND ART INSTRUCTION ARE OFFERED TO THE REGION TO FOSTER A BETTER APPRECIATION AND UNDERSTANDING OF THE ARTS.
Expenses $350,571 · Revenue $488,220
As filed on the 2024 return.
Listed in Part VII
-
RUSS PIERCE
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
MARANDA NICHOLS
SECRETARY
- Total calculated
- $1,545
- From this org
- $1,545
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
ROB SPENCER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
AMANDA HERGET
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
HANS HACKER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
STEPHANIE EPPS
EXECUTIVE DIRECTOR
- Total calculated
- $48,779
- From this org
- $48,779
- From related orgs
- $0
- Other
- $0
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 8 June 2026
- IRS schema version
- 2024v5.5
- Source object
- 202621609349301457
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