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Nonprofiteer
← THE WALTON FAMILY CHARITABLE SUPPORT FOUNDATION INC

Form 990 for tax year 2023

Filed by THE WALTON FAMILY CHARITABLE SUPPORT FOUNDATION INC.

Totals

Total revenue
$58,704,595
Total expenses
$91,642,720
Contributions and grants received
$0
Grants paid
$89,010,787
Program service revenue
$0
Investment income
$58,832,734
Other revenue
-$128,139
Total assets, end of year
$1,096,137,793
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,096,137,793
Program services expenses (Part IX)
$89,010,787
Management and general expenses
$2,631,933
Fundraising expenses
$0
Program service expenses (Part III)
$89,010,787

Program services were 97.1% 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.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $50,501,322 · excluded $50,501,322

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $98,292,358

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

    securities $89,960,946

  • 7c · Gain or loss

    securities $8,331,412 · other assets $0

  • 7d · Net gain or loss

    total $8,331,412 · excluded $8,331,412

  • 11a · Other revenue: Pass Through Income

    total -$62,672 · excluded -$62,672

  • 11b · Other revenue: NORTHERN TRUST - OTHER INCOME/LOSS

    total -$65,467 · excluded -$65,467

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    -$128,139

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $89,010,787 · program services $89,010,787

  • 5 · Compensation of officers, directors and key employees

    total $8,000 · management and general $8,000

  • 11b · Fees: legal

    total $16,536 · management and general $16,536

  • 11f · Fees: investment management

    total $302,374 · management and general $302,374

  • 11g · Fees: other

    total $114,672 · program services $0 · management and general $114,672 · fundraising $0

  • 13 · Office expenses

    total $104 · management and general $104

  • 24a · Other expenses: NT Foreign Taxes

    total $1,876,361 · management and general $1,876,361

  • 24b · Other expenses: Pass Through Deductions

    total $313,861 · management and general $313,861

  • 24c · Other expenses: Miscellaneous

    total $25 · management and general $25

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $202,430 · end of year $216,904

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $835,412,759 · end of year $779,440,856

  • 12 · Investments: other securities

    beginning of year $293,460,729 · end of year $316,480,033

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,129,075,918 · end of year $1,096,137,793

Mission and programs · 2023

Mission

THE FOUNDATION'S MISSION IS TO OPERATE AS A SUPPORTING ORGANIZATION TO (I) PUBLIC AND PRIVATE COLLEGES AND UNIVERSITIES OPERATING IN THE STATE OF ARKANSAS AND (II) COMMUNITY FOUNDATIONS OPERATING IN FIVE STATES WHCH INCLUDE: ARKANSAS, KANSAS, MISSOURI, OKLAHOMA, AND TEXAS.

Activities or mission (Part I)

THE FOUNDATION ACTS AS A SUPPORTING ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3) AND 509 (A)(3) FOR CERTAIN PUBLIC CHARITIES BY MAKING GRANTS TO SUCH ORGANIZATIONS.

  • GRANTS FOR SUPPORTED ORGANIZATIONS DESCRIBED IN SCHEDULE A, PART I, LINE G

    Expenses $89,010,787 · Grants $89,010,787

As filed on the 2023 return.

Listed in Part VII

  • Ed Fryar

    DIRECTOR, TREASURER

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Heather Larkin

    DIRECTOR, VICE PRESIDENT

    Total calculated
    $355,285
    From this org
    $2,000
    From related orgs
    $311,689
    Other
    $41,596
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $2,000 + $311,689 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $37,500 related
    Nontaxable benefits
    $0 + $4,096 related
    Filer's total
    $2,000 + $353,285 related

  • M Sean Evans

    DIRECTOR, SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mark Simmons

    DIRECTOR, PRESIDENT

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Steuart L Walton

    DIRECTOR, CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Richard Dunsworth

    DIRECTOR

    Total calculated
    $339,028
    From this org
    $2,000
    From related orgs
    $288,891
    Other
    $48,137
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $2,000 + $288,891 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,568 related
    Nontaxable benefits
    $0 + $23,568 related
    Filer's total
    $2,000 + $337,028 related

  • Robert Burns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202413139349302461

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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