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Nonprofiteer
← CONWAY FOUNDATION INC

Form 990 for tax year 2023

Filed by CONWAY FOUNDATION INC.

Totals

Total revenue
$269,078
Total expenses
$92,673
Contributions and grants received
$265,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$4,078
Total assets, end of year
$862,836
Total liabilities, end of year
$556,641
Net assets or fund balances, end of year
$306,195
Program services expenses (Part IX)
$60,118
Management and general expenses
$32,555
Fundraising expenses
$0
Program service expenses (Part III)
$60,118

Program services were 64.9% 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.

  • 1f · All other contributions, gifts and grants

    $265,000

  • 11a · Other revenue: GRAND THEATER INCOME

    total $20,000 · related or exempt $20,000

  • 11b · Other revenue: INVESTMENT INCOME (K-1

    total -$15,922 · related or exempt -$15,922

  • 11e · Other revenue, total

    $4,078

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $27,829 · management and general $27,829

  • 11b · Fees: legal

    total $361 · management and general $361

  • 11c · Fees: accounting

    total $875 · management and general $875

  • 16 · Occupancy

    total $955 · program services $955

  • 20 · Interest

    total $20,886 · program services $20,886

  • 22 · Depreciation, depletion and amortization

    total $30,404 · program services $30,404

  • 24a · Other expenses: CONDUCTOR EXPENSE

    total $3,879 · program services $3,879

  • 24b · Other expenses: PROPERTY TAX EXPENSE

    total $3,623 · program services $3,623

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $3,490 · management and general $3,490

  • 24d · Other expenses: REPAIRS EXPENSE

    total $371 · program services $371

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $75,305 · end of year $133,654

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

    $646,347

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

    $51,243

  • 10c · Land, buildings and equipment, net

    beginning of year $607,835 · end of year $595,104

  • 15 · Other assets

    beginning of year $0 · end of year $134,078

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,350 · end of year $41,641

  • 23 · Secured mortgages and notes payable

    beginning of year $515,000 · end of year $515,000

  • 27 · Net assets without donor restrictions

    beginning of year $129,790 · end of year $306,195

Mission and programs · 2023

Mission

TO EMPOWER CURRENT AND ASPIRING ENTREPRENEURS, INNOVATORS, AND SMALL BUISNESS LEADERS

Activities or mission (Part I)

TO PROMOTE CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL ACTIVITIES IN FAULKNER COUNTY, ARKANSAS

  • THE CONDUCTOR'S MISSION IS TO EMPOWER CURRENT AND ASPIRING ENTREPRENEURS, INNOVATORS, AND SMALL BUSINESS LEADERS. CONDUCTOR PROVIDES NO-COST ONE-ON-ONE CONSULTING, TECHNICAL ASSISTANCE, SUBJECT MATTER EXPERTISE, AND WORKSHOPS FOR SMALL BUSINESS OWNERS TO LOWER BARRIERS TO STARTING AND GROWING BUSINESSES. CONDUCTOR OPERATES THE ARNOLD INNOVATION CENTER WHICH IS AN 11,000 SQ FT COWORKING AND MEETING SPACE FOR SMALL BUSINESS OWNERS AND ENTREPRENEURS TO START, COLLABORATE, AND GROW. KAUFFMAN FOUNDATION WAS A FUNDING PARTNER FOR THIS MISSION IN HELPING CREATE LOWER BARRIERS TO STARTING AND GROWING BUSINESSES.

    Expenses $60,118 · Revenue $4,078

As filed on the 2023 return.

Listed in Part VII

  • Charles Nabholz

    MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Linda Linn

    MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Bill Hegeman

    MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Ellen Roberts

    MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Leann Dietz

    MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Gene Klaasmeyer

    MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Lane Housley

    MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Eric Hutchinson

    MEMBER

    Total calculated
    $0
    Hours/week
    10

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202413129349301336

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