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Nonprofiteer
← NORTHWEST ARKANSAS COUNCIL FOUNDATION

Form 990 for tax year 2023

Filed by NORTHWEST ARKANSAS COUNCIL FOUNDATION.

Totals

Total revenue
$17,044,217
Total expenses
$12,555,258
Contributions and grants received
$16,907,544
Grants paid
$0
Program service revenue
$0
Investment income
$136,673
Other revenue
$0
Total assets, end of year
$14,943,547
Total liabilities, end of year
$1,932,443
Net assets or fund balances, end of year
$13,011,104
Program services expenses (Part IX)
$11,448,550
Management and general expenses
$1,106,708
Fundraising expenses
$0
Program service expenses (Part III)
$11,448,550

Program services were 91.2% 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.

  • 1e · Government grants (contributions)

    $2,542,624

  • 1f · All other contributions, gifts and grants

    $14,364,920

  • 3 · Investment income

    total $136,673 · excluded $136,673

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,105,857 · program services $1,572,566 · management and general $533,291

  • 9 · Other employee benefits

    total $164,138 · program services $138,889 · management and general $25,249

  • 10 · Payroll taxes

    total $122,658 · program services $95,165 · management and general $27,493

  • 11b · Fees: legal

    total $10,544 · management and general $10,544

  • 11c · Fees: accounting

    total $2,240 · management and general $2,240

  • 11g · Fees: other

    total $72,135 · program services $53,876 · management and general $18,259

  • 13 · Office expenses

    total $2,549 · management and general $2,549

  • 17 · Travel

    total $18,273 · program services $18,273

  • 19 · Conferences, conventions and meetings

    total $11,267 · management and general $11,267

  • 24a · Other expenses: HOUSING INITIATIVES

    total $2,510,289 · program services $2,378,499 · management and general $131,790

  • 24b · Other expenses: RECRUITMENT & RETENTION

    total $2,074,435 · program services $1,965,527 · management and general $108,908

  • 24c · Other expenses: STATEWIDE/PUBLIC HEALTH

    total $1,626,009 · program services $1,540,644 · management and general $85,365

  • 24d · Other expenses: ENTREPRENEURIAL PROGRAM

    total $1,172,966 · program services $1,110,580 · management and general $62,386

  • 24e · All other expenses

    total $2,661,898 · program services $2,574,531 · management and general $87,367

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $225,266 · end of year $222,707

  • 2 · Savings and temporary cash investments

    beginning of year $4,571,837 · end of year $10,499,836

  • 3 · Pledges and grants receivable

    beginning of year $4,675,143 · end of year $3,750,451

  • 9 · Prepaid expenses and deferred charges

    beginning of year $325,693 · end of year $470,553

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,275,794 · end of year $1,932,443

  • 27 · Net assets without donor restrictions

    beginning of year $812,602 · end of year -$439,549

  • 28 · Net assets with donor restrictions

    beginning of year $7,709,543 · end of year $13,450,653

Mission and programs · 2023

Mission

THE NORTHWEST ARKANSAS COUNCIL FOUNDATION WAS ESTABLISHED AS A SUPPORT ORGANIZATION TO THE NORTHWEST ARKANSAS COUNCIL, A SECTION 501(C)(6) ORGANIZATION. THE NORTHWEST ARKANSAS COUNCIL HAS AS ITS GOAL THE IMPROVEMENT OF LIVING CONDITIONS OF THE RESIDENTS OF NORTHWEST ARKANSAS.

Activities or mission (Part I)

PROVIDE SUPPORT TO THE NORTHWEST ARKANSAS COUNCIL, A SECTION 501(C)(6) ORGANIZATION.

  • PROVIDE SUPPORT TO THE NORTHWEST ARKANSAS COUNCIL, A SECTION 501(C)(6) ORGANIZATION, IN ORDER TO IMPROVE THE LIVING CONDITIONS OF THE RESIDENTS OF NORTHWEST ARKANSAS.

    Expenses $11,448,550

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marshall Saviers

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Carl George

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Rogers

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Carter Malloy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Canem Arkan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nelson Peacock

    EXECUTIVE DIRECTOR

    Total calculated
    $494,681
    From this org
    $0
    From related orgs
    $462,452
    Other
    $32,229
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $392,362 related
    Bonus
    $0 + $70,090 related
    Other
    $0
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $19,029 related
    Filer's total
    $0 + $494,681 related

  • Mike Harvey

    CHIEF OPERATING OFFICER

    Total calculated
    $281,200
    From this org
    $0
    From related orgs
    $261,754
    Other
    $19,446
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $227,985 related
    Bonus
    $0 + $33,769 related
    Other
    $0
    Deferred
    $0 + $10,470 related
    Nontaxable benefits
    $0 + $8,976 related
    Filer's total
    $0 + $281,200 related

  • Robert Smith

    POLICY DIRECTOR

    Total calculated
    $182,479
    From this org
    $0
    From related orgs
    $166,830
    Other
    $15,649
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $139,176 related
    Bonus
    $0 + $27,654 related
    Other
    $0
    Deferred
    $0 + $6,673 related
    Nontaxable benefits
    $0 + $8,976 related
    Filer's total
    $0 + $182,479 related

  • Ryan Cork

    HEALTH CARE DIRECTOR

    Total calculated
    $513,440
    From this org
    $0
    From related orgs
    $491,264
    Other
    $22,176
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $453,810 related
    Bonus
    $0 + $37,454 related
    Other
    $0
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $8,976 related
    Filer's total
    $0 + $513,440 related

  • Nathan Green

    COMMUNICATIONS DIRECTOR

    Total calculated
    $181,418
    From this org
    $0
    From related orgs
    $174,341
    Other
    $7,077
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $158,125 related
    Bonus
    $0 + $16,216 related
    Other
    $0
    Deferred
    $0 + $6,974 related
    Nontaxable benefits
    $0 + $103 related
    Filer's total
    $0 + $181,418 related

  • Anthony McLarty

    EXECUTIVE DIRECTOR OF GROUNDWORK

    Total calculated
    $301,589
    From this org
    $0
    From related orgs
    $271,692
    Other
    $29,897
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $252,000 related
    Bonus
    $0 + $19,692 related
    Other
    $0
    Deferred
    $0 + $10,868 related
    Nontaxable benefits
    $0 + $19,029 related
    Filer's total
    $0 + $301,589 related

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413199349310511

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