Form 990 for tax year 2022
Filed by THE UNIVERSITY OF ARKANSAS FORT SMITH FOUNDATION INC.
Totals
- Total revenue
- $15,599,802
- Total expenses
- $4,916,703
- Contributions and grants received
- $13,661,622
- Grants paid
- $3,705,262
- Program service revenue
- $0
- Investment income
- $1,912,853
- Other revenue
- $25,327
- Total assets, end of year
- $134,980,673
- Total liabilities, end of year
- $697,593
- Net assets or fund balances, end of year
- $134,283,080
- Program services expenses (Part IX)
- $3,705,262
- Management and general expenses
- $828,756
- Fundraising expenses
- $382,685
- Program service expenses (Part III)
- $3,705,262
Program services were 75.4% 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.
-
1f · All other contributions, gifts and grants
$13,661,622
-
1g · Noncash contributions included above
$108,366
-
3 · Investment income
total $3,559,720 · excluded $3,559,720
-
7a · Gross sales of assets other than inventory
securities $32,648,712
-
7b · Less cost or other basis and sales expenses
securities $34,295,579
-
7c · Gain or loss
securities -$1,646,867
-
7d · Net gain or loss
total -$1,646,867 · excluded -$1,646,867
-
11a · Other revenue: OTHER REVENUES
total $25,327 · related or exempt $25,327
-
11e · Other revenue, total
$25,327
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,705,262 · program services $3,705,262
-
11e · Fees: professional fundraising services
total $193,981 · fundraising $193,981
-
11f · Fees: investment management
total $217,292 · management and general $217,292
-
11g · Fees: other
total $207,118 · management and general $174,246 · fundraising $32,872
-
12 · Advertising and promotion
total $95,378 · management and general $7,613 · fundraising $87,765
-
13 · Office expenses
total $26,253 · management and general $18,457 · fundraising $7,796
-
14 · Information technology
total $185,847 · management and general $185,847
-
16 · Occupancy
total $4,253 · management and general $3,463 · fundraising $790
-
17 · Travel
total $27,337 · management and general $24,233 · fundraising $3,104
-
19 · Conferences, conventions and meetings
total $78,810 · management and general $44,982 · fundraising $33,828
-
23 · Insurance
total $10,704 · management and general $10,704
-
24a · Other expenses: SPONSORSHIPS
total $84,071 · management and general $76,825 · fundraising $7,246
-
24b · Other expenses: ANNUITY OBLIGATIONS
total $53,583 · management and general $53,583
-
24c · Other expenses: SUBSCRIPTIONS AND DUES
total $26,311 · management and general $11,084 · fundraising $15,227
-
24d · Other expenses: SCHOLARSHIPS AND ASSIST
total $427 · management and general $427
-
24e · All other expenses
total $76 · fundraising $76
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $6,957,048 · end of year $15,515,064
-
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 $111,450,365 · end of year $119,456,068
-
17 · Accounts payable and accrued expenses
beginning of year $68,727 · end of year $89,525
-
25 · Other liabilities
beginning of year $623,318 · end of year $608,068
-
27 · Net assets without donor restrictions
beginning of year $19,045,473 · end of year $19,431,209
-
28 · Net assets with donor restrictions
beginning of year $98,679,436 · end of year $114,851,871
Mission and programs · 2022
Mission
TO BENEFIT AND CARRY OUT PURPOSES OF THE UNIVERSITY OF ARKANSAS AT FORT SMITH
-
UNIVERSITY OF ARKANSAS FORT SMITH FOUNDATION, INC PROVIDED 1,438 SCHOLARSHIPS TO THE UNIVERSITY OF ARKANSAS AT FORT SMITH.
Expenses $2,095,812 · Grants $2,095,812
-
ACADEMIC SUPPORT THAT INCLUDES $1,552,860 FOR FACULTY PROFESSORSHIPS AND CHAIRS, SPONSORSHIP OF VARIOUS CULTURAL EVENTS, AND SUPPORT OF MAYMESTER PROGRAMS.
Expenses $1,552,860 · Grants $1,552,860
-
GENERAL OPERATIONS SUPPORT TO THE UNIVERSITY
Expenses $56,590 · Grants $56,590
As filed on the 2022 return.
Listed in Part VII
-
Benjamin J Shipley IIIBENJAMIN J SHIPLEY III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bill HannaBILL HANNA
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
David CravensDAVID CRAVENS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Douglas BabbDOUGLAS BABB
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Rebecca FleckDR REBECCA FLECK
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
George Jackson IIIGEORGE JACKSON III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael HadleyMICHAEL HADLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rick BeauchampRICK BEAUCHAMP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brice JonesBRICE JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Stanhope WilkinsonSTANHOPE WILKINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steve ClarkSTEVE CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Drew HarmonDREW HARMON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rebecca HurstREBECCA HURST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Steve Felix-BelingaDR STEVE FELIX-BELINGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ken KilgoreKEN KILGORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James RichardsonJAMES RICHARDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Brenda YelvingtonDR BRENDA YELVINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Travis BeshearsTRAVIS BESHEARS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sandy DixonSANDY DIXON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jesse HensonJESSE HENSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Aaron LittlefieldAARON LITTLEFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Judy McReynoldsJUDY MCREYNOLDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeff CarrierJEFF CARRIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rosalba DemondesertROSALBA DEMONDESERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ryan GehrigRYAN GEHRIG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Roger HolroydROGER HOLROYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dr Marta LoydDR MARTA LOYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jason MyersJASON MYERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Blake RickmanBLAKE RICKMAN
EXECUTIVE DIRECTOR
- Total calculated
- $202,197
- From this org
- $0
- From related orgs
- $162,062
- Other
- $40,135
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $161,262 related
- Bonus
- $0
- Other
- $0 + $800 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $40,135 related
- Filer's total
- $0 + $202,197 related
-
Dr Terisa RileyDR TERISA RILEY
CHANCELLOR UAFS
- Total calculated
- $380,358
- From this org
- $0
- From related orgs
- $337,800
- Other
- $42,558
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $295,800 related
- Bonus
- $0
- Other
- $0 + $42,000 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $42,558 related
- Filer's total
- $0 + $380,358 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 · Discretionary spending account
- 1a · Housing allowance or residence for personal use
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
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
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 ACOCUNT BY THE FOUNDATION.
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
-
UNIVERSITY OF ARKANSAS FORT SMITH
$3,705,262
LIBRARY, SCHOLARSHIP, EQUIPMENT, AND OTHER.
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 ARKANSAS FORT SMITH
115 · HIGHER EDUCATION · AR
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 30 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430399349300603
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