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← EXCELLERATE FOUNDATION CHARITABLE SUPPORT

Form 990 for tax year 2024

Filed by EXCELLERATE FOUNDATION CHARITABLE SUPPORT.

Totals

Total revenue
$7,896,037
Total expenses
$3,220,499
Contributions and grants received
$0
Grants paid
$2,967,899
Program service revenue
$0
Investment income
$7,896,037
Other revenue
$0
Total assets, end of year
$160,946,806
Total liabilities, end of year
$1,919,265
Net assets or fund balances, end of year
$159,027,541
Program services expenses (Part IX)
$2,967,899
Management and general expenses
$252,600
Fundraising expenses
$0
Program service expenses (Part III)
$2,967,899

Program services were 92.2% 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.

  • 3 · Investment income

    total $4,316,723 · excluded $4,316,723

  • 7a · Gross sales of assets other than inventory

    securities $9,215,863

  • 7b · Less cost or other basis and sales expenses

    securities $5,636,549

  • 7c · Gain or loss

    securities $3,579,314

  • 7d · Net gain or loss

    total $3,579,314 · excluded $3,579,314

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,967,899 · program services $2,967,899

  • 11a · Fees: management

    total $72,000 · management and general $72,000

  • 11f · Fees: investment management

    total $180,600 · management and general $180,600

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $373,031 · end of year $71,207

  • 7 · Other notes and loans receivable

    beginning of year $1,303,019 · end of year $1,303,019

  • 11 · Investments: publicly traded securities

    beginning of year $154,269,691 · end of year $158,699,315

  • 15 · Other assets

    beginning of year $0 · end of year $873,265

  • 18 · Grants payable

    beginning of year $7,344,838 · end of year $1,919,265

  • 25 · Other liabilities

    beginning of year $178,951 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $148,421,952 · end of year $159,027,541

Mission and programs · 2024

Mission

EXCELLERATE IS COMMITTED TO ENSURING THAT ALL RESIDENTS OF NORTHWEST ARKANSAS ARE MENTALLY AND PHYSICALLY HEALTHY, SAFE, AND ECONOMICALLY AND SOCIALLY STABLE

Activities or mission (Part I)

EXCELLERATE IS COMMITTED TO ENSURING THAT ALL RESIDENTS OF NORTHWEST ARKANSAS ARE MENTALLY AND PHYSICALLY HEALTHY, SAFE, AND ECONOMICALLY AND SOCIALLY STABLE.

  • HUMAN SERVICE PLATFORM. THESE GRANTS SUPPORT THE CREATION OF A REGIONAL HUMAN SERVICE PLATFORM WHICH ENSURES THAT EVERYONE IN NORTHWEST ARKANSAS IS AWARE OF AND ABLE TO ACCESS THE SERVICES THEY NEED.

    Expenses $2,291,899 · Grants $2,291,899

  • DISCRETIONARY DISTRIBUTIONS. THESE GRANTS SUPPORT HIGH PERFORMING NONPROFIT ORGANIZATIONS AND MUNICIPAL INSTITUTIONS IN NORTHWEST ARKANSAS.

    Expenses $676,000 · Grants $676,000

As filed on the 2024 return.

Listed in Part VII

  • RYAN FAUST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEPHEN DACUS

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KELLY SIKORSKI

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JULIO ECHEGOYEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CURTISS SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROBIN EASON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LUCAS CAMPBELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • WILL GLADDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEVEN LANE

    ACTING TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • YVETTE MURPHY-ERBY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOSH HALL

    VP/EXEC DIR

    Total calculated
    $189,563
    From this org
    $0
    From related orgs
    $167,378
    Other
    $22,185
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,773 related
    Bonus
    $0 + $25,605 related
    Other
    $0
    Deferred
    $0 + $13,573 related
    Nontaxable benefits
    $0 + $8,612 related
    Filer's total
    $0 + $189,563 related

  • JUSTIN FLETCHER

    VP PROGRAMS

    Total calculated
    $240,150
    From this org
    $0
    From related orgs
    $195,490
    Other
    $44,660
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,312 related
    Bonus
    $0 + $39,178 related
    Other
    $0
    Deferred
    $0 + $16,941 related
    Nontaxable benefits
    $0 + $27,719 related
    Filer's total
    $0 + $240,150 related

  • CAROL MORALES

    PRESIDENT/CEO UPSKILL

    Total calculated
    $249,858
    From this org
    $0
    From related orgs
    $202,551
    Other
    $47,307
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $170,954 related
    Bonus
    $0 + $31,597 related
    Other
    $0
    Deferred
    $0 + $17,597 related
    Nontaxable benefits
    $0 + $29,710 related
    Filer's total
    $0 + $249,858 related

  • SUSAN UPCHURCH

    CFO

    Total calculated
    $376,480
    From this org
    $0
    From related orgs
    $322,473
    Other
    $54,007
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $258,692 related
    Bonus
    $0 + $63,781 related
    Other
    $0
    Deferred
    $0 + $26,977 related
    Nontaxable benefits
    $0 + $27,030 related
    Filer's total
    $0 + $376,480 related

  • JEFF WEBSTER

    PRESIDENT/CEO

    Total calculated
    $567,178
    From this org
    $0
    From related orgs
    $510,883
    Other
    $56,295
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $387,522 related
    Bonus
    $0 + $123,361 related
    Other
    $0
    Deferred
    $0 + $27,600 related
    Nontaxable benefits
    $0 + $28,695 related
    Filer's total
    $0 + $567,178 related

  • CHRISTY GUITERREZ

    DIRECTOR OF TECHNOLOGY, SE

    Total calculated
    $129,017
    From this org
    $0
    From related orgs
    $100,325
    Other
    $28,692
    Hours/week
    1 + 40 related

  • ALI JOHNSON

    MARKETING DIRECTOR

    Total calculated
    $131,340
    From this org
    $0
    From related orgs
    $113,504
    Other
    $17,836
    Hours/week
    1 + 40 related

  • JAMION NASH

    FORMER VP OF HOUSING

    Total calculated
    $140,155
    From this org
    $0
    From related orgs
    $138,103
    Other
    $2,052
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $128,103 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,052 related
    Filer's total
    $0 + $140,155 related

  • ANTHONY HENSON

    FORMER DIRECTOR OF ANALYTICS

    Total calculated
    $123,878
    From this org
    $0
    From related orgs
    $116,512
    Other
    $7,366
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $116,512 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,366 related
    Filer's total
    $0 + $123,878 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

  • 1a · Health or social club dues or initiation fees

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
THE FOUNDATION PROVIDES A SOCIAL MEMBERSHIP TO THE PRESIDENT/CEO.
PART I, LINE 1B
THIS MEMBERSHIP IS PROVIDED BY THE FOUNDATION AND IS USED TO PROMOTE THE FOUNDATION'S PHILANTHROPICAL PURPOSE.

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 October 2025
IRS schema version
2024v5.2
Source object
202542869349301694

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

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