Form 990 for tax year 2022
Filed by ARKANSAS STATE UNIVERSITY RED WOLVES FOUNDATION INC.
Totals
- Total revenue
- $6,373,064
- Total expenses
- $9,759,123
- Contributions and grants received
- $4,638,166
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- -$1,033,292
- Other revenue
- $2,768,190
- Total assets, end of year
- $48,087,573
- Total liabilities, end of year
- $42,536,725
- Net assets or fund balances, end of year
- $5,550,848
- Program services expenses (Part IX)
- $9,212,201
- Management and general expenses
- $491,439
- Fundraising expenses
- $55,483
- Program service expenses (Part III)
- $9,212,201
Program services were 94.4% 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.
-
1f · All other contributions, gifts and grants
$4,638,166
-
3 · Investment income
total $189,006 · excluded $189,006
-
7a · Gross sales of assets other than inventory
other assets $9,100,000
-
7b · Less cost or other basis and sales expenses
other assets $10,322,298
-
7c · Gain or loss
other assets -$1,222,298
-
7d · Net gain or loss
total -$1,222,298 · related or exempt -$1,222,298
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $2,768,190 · related or exempt $2,768,190
-
11e · Other revenue, total
$2,768,190
Functional expenses
Part IX, the statement of functional expenses.
-
9 · Other employee benefits
total $176,894 · program services $3,600 · management and general $173,294
-
11a · Fees: management
total $133,286 · program services $83,036 · management and general $50,250
-
12 · Advertising and promotion
total $47,977 · management and general $31,678 · fundraising $16,299
-
17 · Travel
total $240,411 · program services $232,315 · management and general $8,096
-
19 · Conferences, conventions and meetings
total $492 · program services $492
-
20 · Interest
total $1,548,725 · program services $1,548,725
-
21 · Payments to affiliates
total $2,030,479 · program services $2,030,479
-
22 · Depreciation, depletion and amortization
total $872,694 · program services $872,620 · management and general $74
-
23 · Insurance
total $30,106 · program services $25,377 · management and general $4,729
-
24a · Other expenses: CONTRACT SERVICES
total $2,192,707 · program services $2,099,231 · management and general $93,476
-
24b · Other expenses: RENT
total $1,700,800 · program services $1,700,000 · management and general $800
-
24c · Other expenses: MEALS & ENTERTAINMENT
total $355,061 · program services $284,404 · management and general $55,809 · fundraising $14,848
-
24d · Other expenses: IN-KIND CONTRIBUTIONS
total $159,570 · program services $159,570
-
24e · All other expenses
total $269,921 · program services $172,352 · management and general $73,233 · fundraising $24,336
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,235,499 · end of year $3,224,175
-
3 · Pledges and grants receivable
beginning of year $605,357 · end of year $487,003
-
4 · Accounts receivable
beginning of year $5,661,449 · end of year $19,436,495
-
9 · Prepaid expenses and deferred charges
beginning of year $4,391,667 · end of year $2,691,667
-
10a · Land, buildings and equipment: cost or other basis
$19,453,869
-
10b · Land, buildings and equipment: accumulated depreciation
$1,777,555
-
10c · Land, buildings and equipment, net
beginning of year $28,875,434 · end of year $17,676,314
-
13 · Investments: program-related
beginning of year $1,906,722 · end of year $4,257,884
-
15 · Other assets
beginning of year $363,204 · end of year $314,035
-
17 · Accounts payable and accrued expenses
beginning of year $1,658,471 · end of year $1,747,963
-
19 · Deferred revenue
beginning of year $8,273,876 · end of year $21,831,695
-
23 · Secured mortgages and notes payable
beginning of year $30,307,804 · end of year $18,957,067
-
27 · Net assets without donor restrictions
beginning of year -$2,938,356 · end of year -$332,876
-
28 · Net assets with donor restrictions
beginning of year $11,737,537 · end of year $5,883,724
Mission and programs · 2022
Mission
ARKANSAS STATE UNIVERSITY RED WOLVES FOUNDATION, INC. IS DEDICATED TO AID, ASSIST AND PROMOTE THE DEVELOPMENT OF INTERCOLLEGIATE ATHLETICS AT ARKANSAS STATE UNIVERSITY AND TO WORK WITH ASU'S ADMINISTRATION IN SERVING THE INSTITUTION.
-
SUPPORTING THE INTERCOLLEGIATE ATHLETICS AT ARKANSAS STATE UNIVERSITY
Expenses $9,212,201
As filed on the 2022 return.
Listed in Part VII
-
David HundleyDAVID HUNDLEY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Lisa GoldenLISA GOLDEN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Chris WoodardCHRIS WOODARD
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Jay AllenJAY ALLEN
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Nathan LarueNATHAN LARUE
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Shawna BarberSHAWNA BARBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 15
-
Ted HergetTED HERGET
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Mary Nell MastersonMARY NELL MASTERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Bill StanleyBILL STANLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Andre ColemanANDRE COLEMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Jeffrey HigginsJEFFREY HIGGINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Kelly CauseyKELLY CAUSEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Randall PopeRANDALL POPE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Eddie IshmaelEDDIE ISHMAEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Lance RamthunLANCE RAMTHUN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Adam StaplesADAM STAPLES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Paul RowtonPAUL ROWTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 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
- 3 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313129349301871
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