Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $7,319,154

• 1g · Noncash contributions included above

  $43,750

• 3 · Investment income

  total $3,864,722 · excluded $3,864,722

• 7a · Gross sales of assets other than inventory

  securities $55,355,778

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

  securities $57,100,928

• 7c · Gain or loss

  securities -$1,745,150

• 7d · Net gain or loss

  total -$1,745,150 · related or exempt -$1,745,150

• 11a · Other revenue: OTHER REVENUES

  total $386,099 · related or exempt $386,099

• 11e · Other revenue, total

  $386,099

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,798,657 · program services $5,798,657

• 11f · Fees: investment management

  total $225,489 · management and general $225,489

• 11g · Fees: other

  total $292,799 · management and general $289,280 · fundraising $3,519

• 12 · Advertising and promotion

  total $14,865 · management and general $209 · fundraising $14,656

• 13 · Office expenses

  total $96,608 · management and general $83,006 · fundraising $13,602

• 16 · Occupancy

  total $4,993 · management and general $4,993

• 17 · Travel

  total $17,889 · management and general $14,311 · fundraising $3,578

• 19 · Conferences, conventions and meetings

  total $66,115 · management and general $31,480 · fundraising $34,635

• 23 · Insurance

  total $5,367 · management and general $5,367

• 24a · Other expenses: SPONSORSHIPS

  total $38,800 · management and general $38,800

• 24b · Other expenses: SUBSCRIPTIONS AND DUES

  total $28,226 · management and general $20,011 · fundraising $8,215

• 24c · Other expenses: ANNUITY OBLIGATIONS

  total $14,665 · management and general $14,665

• 24d · Other expenses: OTHER EXPENSES

  total $1,695 · fundraising $1,695

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $15,515,064 · end of year $14,654,491

• 9 · Prepaid expenses and deferred charges

  end of year $131,769

• 10a · Land, buildings and equipment: cost or other basis

  $9,541

• 10c · Land, buildings and equipment, net

  beginning of year $9,541 · end of year $9,541

• 11 · Investments: publicly traded securities

  beginning of year $119,456,068 · end of year $132,915,830

• 17 · Accounts payable and accrued expenses

  beginning of year $89,525 · end of year $26,913

• 25 · Other liabilities

  beginning of year $608,068 · end of year $481,734

• 27 · Net assets without donor restrictions

  beginning of year $19,431,209 · end of year $19,257,952

• 28 · Net assets with donor restrictions

  beginning of year $114,851,871 · end of year $127,945,032

The filer's explanations (Part III)

PART I, LINE 1A

DR. TERISA RILEY AS CHANCELLOR OF THE UNIVERSITY OF ARKANSAS FORT SMITH IS PROVIDED WITH HOUSING AND A DISCRETIONARY SPENDING ACCOUNT BY THE FOUNDATION.