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Nonprofiteer
← ARKANSAS CONNECTIONS ACADEMY INC

Form 990 for tax year 2022

Filed by ARKANSAS CONNECTIONS ACADEMY INC.

Totals

Total revenue
$29,990,870
Total expenses
$27,423,742
Contributions and grants received
$29,990,870
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$10,947,549
Total liabilities, end of year
$7,237,707
Net assets or fund balances, end of year
$3,709,842
Program services expenses (Part IX)
$25,336,536
Management and general expenses
$2,087,206
Fundraising expenses
$0
Program service expenses (Part III)
$25,336,536

Program services were 92.4% 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)

    $29,990,870

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $7,191,985 · program services $6,411,263 · management and general $780,722

  • 8 · Pension plan contributions

    total $1,043,103 · program services $929,898 · management and general $113,205

  • 9 · Other employee benefits

    total $1,733,436 · program services $1,546,063 · management and general $187,373

  • 10 · Payroll taxes

    total $547,546 · program services $487,703 · management and general $59,843

  • 11a · Fees: management

    total $606,000 · management and general $606,000

  • 11b · Fees: legal

    total $5,083 · program services $5,083

  • 11g · Fees: other

    total $16,500 · management and general $16,500

  • 13 · Office expenses

    total $29,535 · management and general $29,535

  • 16 · Occupancy

    total $93,831 · management and general $93,831

  • 22 · Depreciation, depletion and amortization

    total $401 · program services $401

  • 23 · Insurance

    total $2,810 · management and general $2,810

  • 24a · Other expenses: STATEMENT OF AGREEMENT

    total $14,504,730 · program services $14,504,730

  • 24b · Other expenses: STUDENT ACTIVITIES

    total $657,763 · program services $657,763

  • 24c · Other expenses: STUDENT SERVICES

    total $590,431 · program services $590,431

  • 24d · Other expenses: ADMIN TAXES - NONPAYROLL

    total $154,528 · management and general $154,528

  • 24e · All other expenses

    total $246,060 · program services $203,201 · management and general $42,859

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,513,147 · end of year $10,800,723

  • 4 · Accounts receivable

    beginning of year $50,759 · end of year $146,826

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

    $94,578

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

    $94,578

  • 10c · Land, buildings and equipment, net

    beginning of year $401

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,306,207 · end of year $5,988,014

  • 25 · Other liabilities

    beginning of year $1,115,386 · end of year $1,249,693

  • 27 · Net assets without donor restrictions

    beginning of year $1,142,714 · end of year $3,709,842

Mission and programs · 2022

Mission

PROVIDED FAMILIES THROUGHOUT THE STATE ACCESS TO A QUALITY EDUCATION BY PROVIDING THE PERSONALIZED LEARNING INHERENT IN A HIGH QUALITY ONLINE SCHOOL, WHILE PROVIDING A COMPLETE PUBLIC SCHOOL EXPERIENCE FOR STUDENTS IN GRADES K-12, FOCUSING ON THE STUDENTS' ACADEMIC GROWTH, SOCIAL AND EMOTIONAL NEEDS, AND POST-SECONDARY GOALS.

Activities or mission (Part I)

TO OFFER FAMILIES THROUGHOUT THE STATE ACCESS TO A QUALITY EDUCATION BY PROVIDING THE PERSONALIZED LEARNING INHERENT IN A HIGH QUALITY ONLINE SCHOOL BY PROVIDING A COMPLETE PUBLIC SCHOOL EXPERIENCE FOR STUDENTS IN GRADES K-12, FOCUSING ON THE STUDENTS' ACADEMIC GROWTH, SOCIAL AND EMOTIONAL NEEDS, AND POST-SECONDARY GOALS.

  • PROVIDED FAMILIES THROUGHOUT THE STATE ACCESS TO A QUALITY EDUCATION BY PROVIDING THE PERSONALIZED LEARNING INHERENT IN A HIGH QUALITY ONLINE SCHOOL, WHILE STILL PROVIDING A COMPLETE PUBLIC SCHOOL EXPERIENCE FOR STUDENTS IN GRADES K-12, FOCUSING ON THE STUDENTS' ACADEMIC GROWTH, SOCIAL AND EMOTIONAL NEEDS, AND POST-SECONDARY GOALS.

    Expenses $25,336,536 · Revenue $28,945,656

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

Listed in Part VII

  • Kelly O'Brien

    BOARD MEMEBE

    Total calculated
    $0

  • Dennis E Beck

    PRESIDENT

    Total calculated
    $0

  • Melissa Cruse

    SECRETARY

    Total calculated
    $0

  • Virginia Walden Ford

    TREASURER

    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
7 February 2024
IRS schema version
2022v5.0
Source object
202431359349308688

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