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Nonprofiteer
← FRIENDSHIP ASPIRE ARKANSAS INC

Form 990 for tax year 2022

Filed by FRIENDSHIP ASPIRE ARKANSAS INC.

Totals

Total revenue
$16,214,708
Total expenses
$16,440,823
Contributions and grants received
$16,214,708
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,912,286
Total liabilities, end of year
$653,441
Net assets or fund balances, end of year
$1,258,845
Program services expenses (Part IX)
$14,188,199
Management and general expenses
$2,252,624
Fundraising expenses
$0
Program service expenses (Part III)
$14,188,199

Program services were 86.3% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $15,661,004

  • 1f · All other contributions, gifts and grants

    $553,704

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,954,993 · program services $2,600,394 · management and general $354,599

  • 8 · Pension plan contributions

    total $822,041 · program services $723,397 · management and general $98,644

  • 9 · Other employee benefits

    total $147,967 · program services $130,211 · management and general $17,756

  • 11c · Fees: accounting

    total $21,500 · management and general $21,500

  • 14 · Information technology

    total $493,224 · program services $434,038 · management and general $59,186

  • 16 · Occupancy

    total $1,298,825 · program services $1,142,966 · management and general $155,859

  • 22 · Depreciation, depletion and amortization

    total $98,644 · management and general $98,644

  • 23 · Insurance

    total $38,000 · program services $33,440 · management and general $4,560

  • 24a · Other expenses: Maint & Operations

    total $2,883,753 · program services $1,441,877 · management and general $1,441,876 · fundraising $0

  • 24b · Other expenses: Direct student services

    total $1,982,936 · program services $1,982,936 · management and general $0 · fundraising $0

  • 24c · Other expenses: Regular programs

    total $5,698,940 · program services $5,698,940 · management and general $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,205,999 · end of year $1,319,364

  • 4 · Accounts receivable

    beginning of year $422,882 · end of year $592,922

  • 10c · Land, buildings and equipment, net

    beginning of year $793,464

  • 17 · Accounts payable and accrued expenses

    beginning of year $157,306 · end of year $653,441

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $793,464 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,471,575 · end of year $1,258,845

Mission and programs · 2022

Mission

To provide world-class education that motivates students to achieve high acadamic standards, enjoy learning and develop as ethical, literate, well-rounded and self-sufficient citizens who contribute actively to their communities.

  • Provided world-class education that motivates students to achieve high academic standards, enjoy learning and develop as ethical, literate, well-rounded and self-sufficient citizens.

    Expenses $14,188,199 · Revenue $16,214,708

As filed on the 2022 return.

Listed in Part VII

  • Chris Bell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Chad Froud

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jeff Pulliam

    Director

    Total calculated
    $0
    Hours/week
    2

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
2022
Filed
2 May 2024
IRS schema version
2022v5.0
Source object
202411369349318811

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