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Nonprofiteer
← ARKANSAS COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by ARKANSAS COMMUNITY FOUNDATION INC.

Totals

Total revenue
$94,928,038
Total expenses
$59,403,577
Contributions and grants received
$83,718,462
Grants paid
$52,778,851
Program service revenue
$0
Investment income
$11,374,217
Other revenue
-$164,641
Total assets, end of year
$744,463,704
Total liabilities, end of year
$6,405,458
Net assets or fund balances, end of year
$738,058,246
Program services expenses (Part IX)
$56,924,525
Management and general expenses
$1,304,732
Fundraising expenses
$1,174,320
Program service expenses (Part III)
$56,924,525

Program services were 95.8% 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

    $3,046,550

  • 1f · All other contributions, gifts and grants

    $80,671,912

  • 1g · Noncash contributions included above

    $52,459,111

  • 3 · Investment income

    total $12,200,016 · excluded $12,200,016

  • 7a · Gross sales of assets other than inventory

    securities $211,993,076

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

    securities $212,818,875

  • 7c · Gain or loss

    securities -$825,799

  • 7d · Net gain or loss

    total -$825,799 · excluded -$825,799

  • 11a · Other revenue: PASSTHROUGH INCOME FROM PARTNERSH

    total -$164,641 · unrelated business -$164,641

  • 11e · Other revenue, total

    -$164,641

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $51,560,861 · program services $51,560,861

  • 2 · Grants to domestic individuals

    total $1,217,990 · program services $1,217,990

  • 5 · Compensation of officers, directors and key employees

    total $865,652 · program services $325,902 · management and general $337,265 · fundraising $202,485

  • 7 · Other salaries and wages

    total $1,290,495 · program services $839,951 · management and general $276,520 · fundraising $174,024

  • 8 · Pension plan contributions

    total $115,536 · program services $86,395 · management and general $7,072 · fundraising $22,069

  • 9 · Other employee benefits

    total $138,439 · program services $84,564 · management and general $31,066 · fundraising $22,809

  • 10 · Payroll taxes

    total $134,560 · program services $74,855 · management and general $36,109 · fundraising $23,596

  • 11b · Fees: legal

    total $1,841 · program services $1,473 · fundraising $368

  • 11c · Fees: accounting

    total $76,050 · management and general $76,050

  • 11d · Fees: lobbying

    total $53,255 · program services $53,255

  • 11g · Fees: other

    total $761,709 · program services $744,444 · management and general $17,265

  • 13 · Office expenses

    total $89,853 · program services $49,985 · management and general $24,112 · fundraising $15,756

  • 14 · Information technology

    total $276,992 · program services $154,090 · management and general $74,330 · fundraising $48,572

  • 16 · Occupancy

    total $572,617 · program services $318,546 · management and general $153,660 · fundraising $100,411

  • 17 · Travel

    total $56,885 · program services $39,455 · management and general $4,445 · fundraising $12,985

  • 19 · Conferences, conventions and meetings

    total $30,878 · program services $17,177 · management and general $8,286 · fundraising $5,415

  • 22 · Depreciation, depletion and amortization

    total $91,893 · program services $51,120 · management and general $24,659 · fundraising $16,114

  • 23 · Insurance

    total $32,355 · program services $17,999 · management and general $8,682 · fundraising $5,674

  • 24a · Other expenses: AFFILIATE OPS

    total $820,726 · program services $419,388 · management and general $196,368 · fundraising $204,970

  • 24b · Other expenses: VARIOUS ARCF PROGRAMS

    total $754,798 · program services $754,798 · management and general $0 · fundraising $0

  • 24c · Other expenses: COMMUNICATIONS/DEV MEDI

    total $245,460 · program services $0 · management and general $0 · fundraising $245,460

  • 24d · Other expenses: DEVELOPMENT

    total $6,177 · program services $0 · management and general $0 · fundraising $6,177

  • 24e · All other expenses

    total $208,555 · program services $112,277 · management and general $28,843 · fundraising $67,435

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $23,808,721 · end of year $38,009,013

  • 3 · Pledges and grants receivable

    beginning of year $10,878,101 · end of year $9,290,460

  • 7 · Other notes and loans receivable

    beginning of year $4,372,830 · end of year $4,520,886

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

    $1,075,910

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

    $666,112

  • 10c · Land, buildings and equipment, net

    beginning of year $474,759 · end of year $409,798

  • 11 · Investments: publicly traded securities

    beginning of year $426,847,409 · end of year $510,301,417

  • 12 · Investments: other securities

    beginning of year $165,810,959 · end of year $176,229,560

  • 13 · Investments: program-related

    beginning of year $50,000 · end of year $0

  • 15 · Other assets

    beginning of year $5,873,226 · end of year $5,702,570

  • 17 · Accounts payable and accrued expenses

    beginning of year $527,301 · end of year $676,035

  • 25 · Other liabilities

    beginning of year $5,919,412 · end of year $5,729,423

  • 27 · Net assets without donor restrictions

    beginning of year $563,640,845 · end of year $671,968,335

  • 28 · Net assets with donor restrictions

    beginning of year $68,028,447 · end of year $66,089,911

Mission and programs · 2023

Mission

ARKANSAS COMMUNITY FOUNDATION ENGAGES PEOPLE, CONNECTS RESOURCES AND INSPIRES SOLUTIONS TO BUILD COMMUNITY.

  • EDUCATIONAL PROGRAMS - INCLUDES SCHOLARSHIPS FOR HIGHER EDUCATION, SUPPORT FOR EARLY CHILDHOOD LITERACY, OUT-OF-SCHOOL LEARNING OPPORTUNITIES FOR CHILDREN, EARLY CHILDHOOD CARE, AND K-12 EDUCATION.

    Expenses $22,136,687 · Grants $22,136,687

  • COMMUNITY PROGRAMS - INCLUDES PROGRAMS THAT SUPPORT QUALITY OF LIFE AND CIVIC ENGAGEMENT, SUCH AS ARTS AND HUMANITIES, ENVIRONMENTAL CAUSES, COMMUNITY DEVELOPMENT AND VOLUNTEERISM.

    Expenses $13,534,658 · Grants $13,534,658

  • FAMILY PROGRAMS - INCLUDES HUMAN SERVICE PROGRAMS, SUPPORT FOR FAMILY FINANCIAL STABILITY AND EMPLOYMENT, HUNGER, AND HOMELESSNESS.

    Expenses $10,021,313 · Grants $10,021,313

  • HEALTH PROGRAMS - INCLUDES SUPPORT FOR HEALTHCARE INSTITUTIONS, PUBLIC HEALTH INITIATIVES, AND CHARITABLE CLINICS.

    Expenses $11,231,867 · Grants $7,086,193

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alyson Bradford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Brad Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Lisa John-Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Holly Dunsworth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Osmar Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Vance Smiley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Kandice Bell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Ritter Arnold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Tracy Cude

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Sharon Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Scott Van Horn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Jack Porter

    GOVERNANCE CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Elizabeth Burns Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Rachael Oberste

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Jennifer Ronnel

    COMMUNITY INVESTMENT CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Dennis Hunt

    FINANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Corey Moline

    TREASURER/CFO

    Total calculated
    $259,110
    From this org
    $201,392
    From related orgs
    $0
    Other
    $57,718
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $201,392
    Bonus
    $0
    Other
    $0
    Deferred
    $44,278
    Nontaxable benefits
    $13,440
    Filer's total
    $259,110

  • Heather Larkin

    PRESIDENT/CEO

    Total calculated
    $364,949
    From this org
    $289,189
    From related orgs
    $0
    Other
    $75,760
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $289,189
    Bonus
    $0
    Other
    $0
    Deferred
    $62,750
    Nontaxable benefits
    $13,010
    Filer's total
    $364,949

  • Ashley Coldiron

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $235,193
    From this org
    $205,348
    From related orgs
    $0
    Other
    $29,845
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,348
    Bonus
    $0
    Other
    $0
    Deferred
    $20,775
    Nontaxable benefits
    $9,070
    Filer's total
    $235,193

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. 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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE LEAD TRUSTS (4)

    T · AR

  • CHARITABLE REMAINDER TRUSTS (2)

    T · AR

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443179349307779

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