Totals
- Total revenue
- $1,226,363
- Total expenses
- $1,233,044
- Contributions and grants received
- $0
- Grants paid
- $650,500
- Program service revenue
- $1,202,616
- Investment income
- $23,747
- Other revenue
- $0
- Total assets, end of year
- $27,719,924
- Total liabilities, end of year
- $775,472
- Net assets or fund balances, end of year
- $26,944,452
- Program services expenses (Part IX)
- $999,700
- Management and general expenses
- $233,344
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $999,700
Program services were 81.1% 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.
-
2a · Program service revenue: FARM REVENUE
total $1,202,616 · related or exempt $1,202,616
-
3 · Investment income
total $23,747 · excluded $23,747
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $650,500 · program services $650,500
-
11a · Fees: management
total $200,000 · management and general $200,000
-
11b · Fees: legal
total $2,500 · management and general $2,500
-
11c · Fees: accounting
total $10,394 · management and general $10,394
-
11g · Fees: other
total $39,178 · program services $18,728 · management and general $20,450
-
12 · Advertising and promotion
total $4,861 · program services $4,861
-
13 · Office expenses
total $2,414 · program services $2,414
-
16 · Occupancy
total $48,695 · program services $48,695
-
20 · Interest
total $77,828 · program services $77,828
-
22 · Depreciation, depletion and amortization
total $57,822 · program services $57,822
-
23 · Insurance
total $57,548 · program services $57,548
-
24a · Other expenses: LAND LEVELING
total $48,200 · program services $48,200
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $21,549 · program services $21,549
-
24c · Other expenses: STORAGE
total $9,441 · program services $9,441
-
24d · Other expenses: SUPPLIES
total $577 · program services $577
-
24e · All other expenses
total $1,537 · program services $1,537
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,278,367 · end of year $1,170,119
-
9 · Prepaid expenses and deferred charges
beginning of year $7,167 · end of year $6,651
-
10a · Land, buildings and equipment: cost or other basis
$27,506,439
-
10b · Land, buildings and equipment: accumulated depreciation
$964,760
-
10c · Land, buildings and equipment, net
beginning of year $26,557,774 · end of year $26,541,679
-
15 · Other assets
beginning of year $1,475 · end of year $1,475
-
23 · Secured mortgages and notes payable
beginning of year $893,650 · end of year $775,472
-
29 · Capital stock, trust principal or current funds
beginning of year $26,775,270 · end of year $26,951,133
-
31 · Retained earnings, endowment or other funds
beginning of year $175,863 · end of year -$6,681
Mission and programs · 2023
Mission
AGRICULTURAL RESEARCH, EDUCATION AND RURAL HEALTH CARE
-
OPERATED A FARM FOR RESEARCH AND EDUCATIONAL PURPOSES; CONTRIBUTED 300,500 TO ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION, INC.,AND CONTRIBUTED 350,000 FOR THE BENEFIT OF THE UNIVERSITY OF ARKANSAS, WITH 250,000 GOING TO THE UNIVERSITY OF ARKANSAS FOUNDATION, INC. AND 100,000 GOING TO THE ARKANSAS CHILDREN'S HOSPITAL FOUNDATION, INC., THE DESIGNATED ENTITY TO RECEIVE FUNDS FOR A JOINT PEDIATRIC INITIATIVE BETWEEN THE UNIVERSITY OF ARKANSAS FOR MEDICAL SCIENCES ( A SUBSIDIARY OF THE UNIVERSITY OF ARKANSAS) AND ARKANSAS CHILDREN'S HOSPITAL IN JONESBORO, ARKANSAS.
Expenses $999,700 · Grants $650,500 · Revenue $1,202,617
As filed on the 2023 return.
Listed in Part VII
-
Michael GibsonMICHAEL GIBSON
TRUSTEE
- Total calculated
- $200,000
- From this org
- $200,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $200,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $200,000
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
None.
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
-
UNIV OF ARKANSAS FOUNDATION INC
$350,000
-
ARK STATE UNIV SYSTEM FOUNDTN INC
$300,500
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202411309349300341
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