Form 990 for tax year 2022

Totals

Total revenue

$18,553,511

Total expenses

$16,939,891

Contributions and grants received

$15,992,697

Grants paid

$8,937,618

Program service revenue

$2,378,285

Investment income

$182,529

Other revenue

$0

Total assets, end of year

$12,018,756

Total liabilities, end of year

$5,711,238

Net assets or fund balances, end of year

$6,307,518

Program services expenses (Part IX)

$15,960,361

Management and general expenses

$979,530

Fundraising expenses

$0

Program service expenses (Part III)

$15,960,361

Program services were 94.2% 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.

Mission and programs · 2022

• CHARTER SCHOOL PROGRAM (CSP) GRANTS: THE OBJECTIVES OF APSRC'S CSP GRANT ARE: 1) TO INCREASE THE NUMBER OF HIGH QUALITY DISTRICT CONVERSION AND OPEN ENROLLMENT CHARTER SCHOOLS WITH AN EMPHASIS ON THOSE THAT SERVE EDUCATIONALLY DISADVANTAGED STUDENTS; 2) TO IMPROVE STUDENT OUTCOMES, PARTICULARLY WHERE EDUCATIONALLY DISADVANTAGED STUDENTS ARE CONCERNED; AND 3) TO DISSEMINATE BEST PRACTICES. WITH THE CSP GRANT FUNDS, APSRC HAS AWARDED 26 OF THE 34 PROJECTED SUBGRANTS; PROVIDED ONSITE ACADEMIC SUPPORT TO SUBGRANTEES; AND DISSEMINATED BEST PRACTICES THROUGH AN ONLINE PORTAL, AT APSRC'S ANNUAL FALL CONFERENCE, AND THROUGH A SPRING CONFERENCE HOSTED IN MAY OF 2023.

  Expenses $6,957,821 · Grants $6,276,149

• TEACHER AND SCHOOL LEADER GRANT (PROMOTING EDUCATOR EFFECTIVENESS IN RURAL ARKANSAS (PEER)): THE PURPOSE OF THE TSL GRANT IS TO ASSIST STATES, LOCAL EDUCATIONAL AGENCIES (LEAS), AND NONPROFIT ORGANIZATIONS TO DEVELOP, IMPLEMENT, IMPROVE, OR EXPAND COMPREHENSIVE PERFORMANCE-BASED COMPENSATION SYSTEMS (PBCS) OR HUMAN CAPITAL MANAGEMENT SYSTEMS (HCMS) FOR TEACHERS, PRINCIPALS, AND OTHER SCHOOL LEADERS (EDUCATORS). ESPECIALLY FOR EDUCATORS IN HIGH-NEED SCHOOLS WHO RAISE STUDENT GROWTH AND ACADEMIC ACHIEVEMENT AND CLOSE THE ACHIEVEMENT GAP BETWEEN HIGH AND LOW PERFORMING STUDENTS. THE APSRC TSL GRANT IS ENACTED IN PARTNERSHIP WITH THE CROWLEY'S RIDGE EDUCATION SERVICE COOPERATIVE (CRESC) THROUGH PROMOTING EDUCATOR EFFECTIVENESS IN RURAL ARKANSAS, THE PEER NETWORK.

  Expenses $2,773,953 · Grants $2,568,129

• ARKANSAS LEADERSHIP ACADEMY (ALA) GRANT: THROUGH THE STATE BOARD OF EDUCATION, THE ARKANSAS PUBLIC SCHOOL RESOURCE CENTER WAS UNANIMOUSLY APPROVED TO BE THE NEW OPERATOR FOR THE ARKANSAS LEADERSHIP ACADEMY. WHOSE VISION IS TO BE THE STATE'S PREMIER LEADERSHIP DEVELOPMENT HUB, WHERE ALL EDUCATIONAL LEADERS FIND PROFESSIONAL LEARNING PATHWAYS TO BEST MEET THEIR NEEDS WHILE DEVELOPING LEADERSHIP CAPACITY TO RESULT IN SYSTEMIC CHANGE, LEADING TO IMPROVED TEACHING AND LEARNING.

  Expenses $1,505,214

• VARIOUS

  Expenses $4,723,373 · Grants $93,340 · Revenue $2,378,285

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• CROWLEY'S RIDGE COOP

  $2,568,129

  TEACHER AND SCHOOL LEADER GRANT, REIMBURSEMENT OF EXPENSES

• LISA ACADEMY

  $974,047

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

• ACADEMIES AT RIVERCREST HIGHSCHOOL

  $956,693

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

• CADDO ACADEMY

  $845,113

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

• RESPONSIVE EDUCATION SOLUTIONS

  $575,974

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

• MOUNTAIN HOME PUBLIC SCHOOLS

  $454,267

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

• ACADEMICS PLUS CHARTER SCHOOL

  $428,774

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

• FUTURE SCHOOL OF FORT SMITH

  $402,754

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

• CAVE CITY MIDDLE SCHOOL

  $401,289

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

• BATESVILLE CHARTER HIGHSCHOOL

  $274,912

  CHARTER SCHOOLS PROGRAM GRANT, REIMBURSEMENT OF EXPENSES

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.

• UNIVERSITY OF CENTRAL ARKANSAS

  501(C)(3) · PAYROLL · AR

• SOUTHERN ARKANSAS UNIVERSITY

  501(C)(3) · PAYROLL · AR

Provenance

Return type

form_990

Tax year

2022

Filed

11 April 2024

IRS schema version

2022v5.0

Source object

202441069349300439

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

The source document this was parsed from is served over the API, which is where bulk and document access live.