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← XI EDUCATIONAL FOUNDATION OF ARKANSAS

Form 990 for tax year 2023

Filed by XI EDUCATIONAL FOUNDATION OF ARKANSAS.

Totals

Total revenue
$112,627
Total expenses
$105,393
Contributions and grants received
$59,095
Grants paid
$55,000
Program service revenue
$0
Investment income
$40,561
Other revenue
$12,971
Total assets, end of year
$940,569
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$940,569
Program services expenses (Part IX)
$94,233
Management and general expenses
$11,160
Fundraising expenses
$0
Program service expenses (Part III)
$94,233

Program services were 89.4% 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

    $59,095

  • 3 · Investment income

    total $40,561 · excluded $40,561

  • 11a · Other revenue: OTHER INCOME

    total $12,971 · excluded $12,971

  • 11e · Other revenue, total

    $12,971

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $55,000 · program services $55,000

  • 11c · Fees: accounting

    total $6,501 · management and general $6,501

  • 13 · Office expenses

    total $5,360 · program services $701 · management and general $4,659

  • 19 · Conferences, conventions and meetings

    total $13,347 · program services $13,347

  • 24a · Other expenses: TUTORS

    total $25,185 · program services $25,185

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $353,882 · end of year $343,943

  • 7 · Other notes and loans receivable

    beginning of year $447,910 · end of year $421,309

  • 11 · Investments: publicly traded securities

    beginning of year $155,218 · end of year $175,317

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,810 · end of year $0

  • 19 · Deferred revenue

    beginning of year $25,405 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $918,795 · end of year $940,569

Mission and programs · 2023

Mission

TO PROVIDE RESOURCES FOR EDUCATIONAL PURPOSES FOR COLLEGE STUDENTS ENROLLED AT THE UNIVERSITY OF ARKANSAS.

Activities or mission (Part I)

THE ORGANIZATION PROVIDES ECONOMIC SUPPORT FOR TUTORING, EDUCATION EXPENSES, AND EXPENSES ASSOCIATED WITH COST INCURRED TO SUPPORT EDUCATION THROUGH AN EDUCATIONAL GRANT TO THE XI CORPORATION OF ARKANSAS.

  • THE ORGANIZATION PROVIDES EDUCATIONAL MONETARY SUPPORT THROUGH A GRANT TO THE XI CORPORATION OF ARKANSAS.

    Expenses $55,000 · Grants $55,000

  • PROVIDE TUTORING AND TRAINING FOR FRATERNITY MEMBERS

    Expenses $25,185

  • THE ORGANIZATION PROVIDES OTHER EDUCATIONAL SUPPORT TO STUDENTS

    Expenses $14,048

As filed on the 2023 return.

Listed in Part VII

  • Cody Kees

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Chris Johnson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jordan Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rob Tiffee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rob Hileman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Will Slabaugh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phil Schoettlin

    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.

Grants 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
4 September 2024
IRS schema version
2023v5.1
Source object
202412569349300316

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