Form 990 for tax year 2023
Filed by SINGLE PARENT SCHOLARSHIP FUND OF NORTHWEST ARKANSAS INC.
Totals
- Total revenue
- $4,021,493
- Total expenses
- $2,657,553
- Contributions and grants received
- $3,858,817
- Grants paid
- $1,030,373
- Program service revenue
- $0
- Investment income
- $310,456
- Other revenue
- -$147,780
- Total assets, end of year
- $15,781,283
- Total liabilities, end of year
- $473,461
- Net assets or fund balances, end of year
- $15,307,822
- Program services expenses (Part IX)
- $1,519,985
- Management and general expenses
- $668,411
- Fundraising expenses
- $469,157
- Program service expenses (Part III)
- $1,519,985
Program services were 57.2% 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.
-
1c · Fundraising events
$242,866
-
1f · All other contributions, gifts and grants
$3,615,951
-
1g · Noncash contributions included above
$70,013
-
3 · Investment income
total $264,457 · excluded $264,457
-
7a · Gross sales of assets other than inventory
securities $3,337,655
-
7b · Less cost or other basis and sales expenses
securities $3,291,656
-
7c · Gain or loss
securities $45,999
-
7d · Net gain or loss
total $45,999 · excluded $45,999
-
8a · Fundraising events: gross income
$2,348
-
8a · Fundraising events: contributions included on line 1c
$242,866
-
8b · Fundraising events: direct expenses
$150,128
-
8c · Net income from fundraising events
total -$147,780 · excluded -$147,780
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,030,373 · program services $1,030,373
-
5 · Compensation of officers, directors and key employees
total $109,941 · program services $27,485 · management and general $45,076 · fundraising $37,380
-
7 · Other salaries and wages
total $729,642 · program services $182,411 · management and general $299,153 · fundraising $248,078
-
9 · Other employee benefits
total $113,153 · program services $28,288 · management and general $46,393 · fundraising $38,472
-
10 · Payroll taxes
total $62,228 · program services $15,557 · management and general $25,513 · fundraising $21,158
-
11f · Fees: investment management
total $80,372 · management and general $80,372
-
11g · Fees: other
total $69,290 · program services $8,650 · management and general $60,640
-
12 · Advertising and promotion
total $39,046 · program services $23,428 · management and general $7,809 · fundraising $7,809
-
13 · Office expenses
total $13,563 · program services $8,119 · management and general $2,722 · fundraising $2,722
-
14 · Information technology
total $39,196 · program services $23,518 · management and general $7,839 · fundraising $7,839
-
16 · Occupancy
total $23,765 · program services $14,259 · management and general $4,753 · fundraising $4,753
-
17 · Travel
total $22,714 · program services $12,474 · management and general $4,073 · fundraising $6,167
-
20 · Interest
total $11,225 · management and general $11,225
-
22 · Depreciation, depletion and amortization
total $33,816 · program services $12,512 · management and general $12,850 · fundraising $8,454
-
23 · Insurance
total $21,541 · program services $12,925 · management and general $4,308 · fundraising $4,308
-
24a · Other expenses: BUILDING CAMPAIGN EXPEN
total $78,035 · program services $46,821 · management and general $15,607 · fundraising $15,607
-
24b · Other expenses: IN-KIND MEDIA AND PUBLI
total $51,811 · program services $46,630 · fundraising $5,181
-
24c · Other expenses: POSTAGE & PRINTING
total $37,833 · program services $235 · management and general $8,690 · fundraising $28,908
-
24d · Other expenses: TELEPHONE/UTILITIES
total $21,419 · program services $12,851 · management and general $4,284 · fundraising $4,284
-
24e · All other expenses
total $68,590 · program services $13,449 · management and general $27,104 · fundraising $28,037
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,555,943 · end of year $2,222,618
-
2 · Savings and temporary cash investments
beginning of year $599,588 · end of year $352,006
-
3 · Pledges and grants receivable
beginning of year $503,599 · end of year $1,376,196
-
9 · Prepaid expenses and deferred charges
beginning of year $7,878 · end of year $7,878
-
10a · Land, buildings and equipment: cost or other basis
$2,006,796
-
10b · Land, buildings and equipment: accumulated depreciation
$516,160
-
10c · Land, buildings and equipment, net
beginning of year $1,519,831 · end of year $1,490,636
-
11 · Investments: publicly traded securities
beginning of year $9,203,221 · end of year $10,331,949
-
17 · Accounts payable and accrued expenses
beginning of year $97,852 · end of year $113,293
-
23 · Secured mortgages and notes payable
beginning of year $374,867 · end of year $360,168
-
27 · Net assets without donor restrictions
beginning of year $2,760,953 · end of year $4,229,369
-
28 · Net assets with donor restrictions
beginning of year $10,156,388 · end of year $11,078,453
Mission and programs · 2023
Mission
THE MISSION OF SINGLE PARENT SCHOLARSHIP FUND OF NORTHWEST ARKANSAS IS TO HELP SINGLA PARENTS BECOME SELF-SUFFICIENT THROUGH POST SECONDARY EDUCATION.
Activities or mission (Part I)
THE MISSION OF SINGLE PARENT SCHOLARSHIP FUND OF NORTHWEST ARKANSAS IS TO HELP SINGLE PARENTS BECOME SELF-SUFFICIENT THROUGH POST SECONDARY EDUCATION.
-
SCHOLARSHIP GRANTS TO QUALIFIED AND SELECTED SINGLE PARENTS.
Expenses $1,519,985 · Grants $1,030,373
As filed on the 2023 return.
Listed in Part VII
-
Anthony SumlinANTHONY SUMLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ladeana DuncanLADEANA DUNCAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shannon OrtegoSHANNON ORTEGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brittany LittleBRITTANY LITTLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn RodefferCAROLYN RODEFFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Randy WernerRANDY WERNER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mark BurdetteMARK BURDETTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rhonda MooreRHONDA MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Judge John ThreetJUDGE JOHN THREET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Doris CordesDORIS CORDES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Johnice GlissonJOHNICE GLISSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Brad CrainBRAD CRAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brittney DukeBRITTNEY DUKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary HemanMARY HEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Felicia McCranieFELICIA MCCRANIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary M SchneiderMARY M SCHNEIDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shelle SummersSHELLE SUMMERS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Brian WoodBRIAN WOOD
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Tacuma WilliamsTACUMA WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wendy TogamiWENDY TOGAMI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Craig OvertonCRAIG OVERTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ruth CollierRUTH COLLIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tyler ClarkTYLER CLARK
EXECUTIVE DIRECTOR
- Total calculated
- $111,026
- From this org
- $105,529
- From related orgs
- $0
- Other
- $5,497
- Hours/week
- 40
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
- 2023
- Filed
- 9 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500719349301135
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