Form 990 for tax year 2023

Totals

Total revenue

$19,438,004

Total expenses

$17,837,620

Contributions and grants received

$16,148,670

Grants paid

$10,090,525

Program service revenue

$2,896,020

Investment income

$393,314

Other revenue

$0

Total assets, end of year

$12,979,751

Total liabilities, end of year

$5,013,683

Net assets or fund balances, end of year

$7,966,068

Program services expenses (Part IX)

$16,722,844

Management and general expenses

$1,114,776

Fundraising expenses

$0

Program service expenses (Part III)

$16,722,844

Program services were 93.8% 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.

Mission and programs · 2023

• CHARTER SCHOOL PROGRAM (CSP) GRANTS: THE OBJECTIVES OF APSRC'S CSP GRANT ARE: 1) TO INCREASE THE NUMBER OF HIGH QUALITY DISTRICT CONVERSION AND OPEN ENROLLMENT CHARTER SCHOOLS WITH AN EMPHASIS ON THOSE THAT SERVE EDUCATIONALLY DISADVANTAGED STUDENTS; 2) TO IMPROVE STUDENT OUTCOMES, PARTICULARLY WHERE EDUCATIONALLY DISADVANTAGED STUDENTS ARE CONCERNED; AND 3) TO DISSEMINATE BEST PRACTICES. WITH THE CSP GRANT FUNDS, APSRC HAS AWARDED 26 OF THE 34 PROJECTED SUBGRANTS; PROVIDED ONSITE ACADEMIC SUPPORT TO SUBGRANTEES; AND DISSEMINATED BEST PRACTICES THROUGH AN ONLINE PORTAL, AT APSRC'S ANNUAL FALL CONFERENCE, AND THROUGH A SPRING CONFERENCE HOSTED IN MAY OF 2024.

  Expenses $6,852,617 · Grants $6,274,072

• TEACHER AND SCHOOL LEADER GRANT (PROMOTING EDUCATOR EFFECTIVENESS IN RURAL ARKANSAS (PEER)): THE PURPOSE OF THE TSL GRANT IS TO ASSIST STATES, LOCAL EDUCATIONAL AGENCIES (LEAS), AND NONPROFIT ORGANIZATIONS TO DEVELOP, IMPLEMENT, IMPROVE, OR EXPAND COMPREHENSIVE PERFORMANCE-BASED COMPENSATION SYSTEMS (PBCS) OR HUMAN CAPITAL MANAGEMENT SYSTEMS (HCMS) FOR TEACHERS, PRINCIPALS, AND OTHER SCHOOL LEADERS (EDUCATORS). ESPECIALLY FOR EDUCATORS IN HIGH-NEED SCHOOLS WHO RAISE STUDENT GROWTH AND ACADEMIC ACHIEVEMENT AND CLOSE THE ACHIEVEMENT GAP BETWEEN HIGH AND LOW PERFORMING STUDENTS. THE APSRC TSL GRANT IS ENACTED IN PARTNERSHIP WITH THE CROWLEY'S RIDGE EDUCATION SERVICE COOPERATIVE (CRESC) THROUGH PROMOTING EDUCATOR EFFECTIVENESS IN RURAL ARKANSAS, THE PEER NETWORK.

  Expenses $3,748,956 · Grants $3,653,881

• ARKANSAS LEADERSHIP ACADEMY (ALA) GRANT: THROUGH THE STATE BOARD OF EDUCATION, THE ARKANSAS PUBLIC SCHOOL RESOURCE CENTER WAS UNANIMOUSLY APPROVED TO BE THE NEW OPERATOR FOR THE ARKANSAS LEADERSHIP ACADEMY. WHOSE VISION IS TO BE THE STATE'S PREMIER LEADERSHIP DEVELOPMENT HUB, WHERE ALL EDUCATIONAL LEADERS FIND PROFESSIONAL LEARNING PATHWAYS TO BEST MEET THEIR NEEDS WHILE DEVELOPING LEADERSHIP CAPACITY TO RESULT IN SYSTEMIC CHANGE, LEADING TO IMPROVED TEACHING AND LEARNING.

  Expenses $1,280,751

• VARIOUS

  Expenses $4,840,520 · Grants $162,572 · Revenue $2,896,020

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

Listed in Part VII

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

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

• CROWLEY'S RIDGE COOP

  $3,653,881

  TEACHER AND SCHOOL LEADER GRANT, REIMBURSEMENT OF EXPENSES

• FRIENDSHIP ASPIRE

  $1,919,443

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

• LISA ACADEMY

  $1,066,327

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

• ARKANSAS MILITARY AND FIRST RESPONDERS ACADEMY

  $758,202

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

• ACADEMIES AT RIVERCREST HIGHSCHOOL

  $398,817

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

• RESPONSIVE EDUCATION SOLUTIONS

  $370,513

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

• CAVE CITY MIDDLE SCHOOL

  $299,746

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

• CADDO ACADEMY

  $294,347

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

• FUTURE SCHOOL OF FORT SMITH

  $270,324

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

• WEST WIND SCHOOL FOR PERFORMING ARTS

  $197,276

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

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.

• UNIVERSITY OF CENTRAL ARKANSAS

  501(C)(3) · PAYROLL · AR

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.

Provenance

Return type

form_990

Tax year

2023

Filed

5 May 2025

IRS schema version

2023v6.0

Source object

202511269349302171

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.