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Nonprofiteer
← FRIENDSHIP ASPIRE ARKANSAS INC

Form 990 for tax year 2023

Filed by FRIENDSHIP ASPIRE ARKANSAS INC.

Totals

Total revenue
$19,896,007
Total expenses
$20,256,883
Contributions and grants received
$19,896,007
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,467,233
Total liabilities, end of year
$347,692
Net assets or fund balances, end of year
$4,119,541
Program services expenses (Part IX)
$13,922,529
Management and general expenses
$6,334,354
Fundraising expenses
$0
Program service expenses (Part III)
$13,922,529

Program services were 68.7% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $19,741,649

  • 1f · All other contributions, gifts and grants

    $154,358

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,022,506 · management and general $3,022,506

  • 8 · Pension plan contributions

    total $1,411,275 · management and general $1,411,275

  • 9 · Other employee benefits

    total $291,015 · management and general $291,015

  • 11c · Fees: accounting

    total $0

  • 24a · Other expenses: Maint & Operations

    total $3,219,116 · program services $1,609,558 · management and general $1,609,558 · fundraising $0

  • 24b · Other expenses: Regular Programs

    total $7,095,968 · program services $7,095,968 · management and general $0 · fundraising $0

  • 24c · Other expenses: Direct Student Services

    total $1,544,840 · program services $1,544,840 · management and general $0 · fundraising $0

  • 24d · Other expenses: Other Instructional Programs

    total $3,672,163 · program services $3,672,163 · management and general $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,319,364 · end of year $1,013,395

  • 4 · Accounts receivable

    beginning of year $592,922 · end of year $232,268

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

    $3,530,754

  • 10b · Land, buildings and equipment: accumulated depreciation

    $309,184

  • 10c · Land, buildings and equipment, net

    beginning of year $1,752,315 · end of year $3,221,570

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $653,441 · end of year $347,692

  • 27 · Net assets without donor restrictions

    beginning of year $2,741,790 · end of year $3,762,357

  • 28 · Net assets with donor restrictions

    beginning of year $269,370 · end of year $357,184

Mission and programs · 2023

Mission

To provide world-class education that motivates students to achieve high acadamic standards, enjoy learning and develop as ethical, literate, well-rounded and self-sufficient citizens who contribute actively to their communities.

  • Provided world-class education that motivates students to achieve high academic standards, enjoy learning and develop as ethical, literate, well-rounded and self-sufficient citizens.

    Expenses $13,922,529 · Revenue $19,896,007

As filed on the 2023 return.

Listed in Part VII

  • Joe Harris

    CEO

    Total calculated
    $210,000
    From this org
    $0
    From related orgs
    $210,000
    Other
    $0
    Hours/week
    5 + 40 related

  • Phong Tran

    Superintendent

    Total calculated
    $192,718
    From this org
    $0
    From related orgs
    $192,718
    Other
    $0
    Hours/week
    5 + 40 related

  • Isaac Henry

    Dir. of Development

    Total calculated
    $120,378
    From this org
    $120,378
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,378
    Bonus
    $0
    Other
    $0
    Deferred
    $18,426
    Nontaxable benefits
    $9,630
    Filer's total
    $148,434

  • Scott McRae

    Dir. of Finance

    Total calculated
    $118,112
    From this org
    $118,112
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,112
    Bonus
    $0
    Other
    $0
    Deferred
    $8,267
    Nontaxable benefits
    $19,448
    Filer's total
    $145,827

  • Johnny Laine

    Principal

    Total calculated
    $108,649
    From this org
    $108,649
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,649
    Bonus
    $0
    Other
    $0
    Deferred
    $7,605
    Nontaxable benefits
    $18,691
    Filer's total
    $134,945

  • Kevin Young

    Principal

    Total calculated
    $107,464
    From this org
    $107,464
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $107,464
    Bonus
    $0
    Other
    $0
    Deferred
    $7,522
    Nontaxable benefits
    $18,597
    Filer's total
    $133,583

  • Ashley Williams

    Principal

    Total calculated
    $105,667
    From this org
    $105,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $105,667
    Bonus
    $0
    Other
    $0
    Deferred
    $7,396
    Nontaxable benefits
    $18,453
    Filer's total
    $131,516

  • Anitra Rogers

    Principal

    Total calculated
    $104,106
    From this org
    $104,106
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,106
    Bonus
    $0
    Other
    $0
    Deferred
    $7,287
    Nontaxable benefits
    $8,328
    Filer's total
    $119,721

  • Donald Hense

    Trustee

    Total calculated
    $84,132
    From this org
    $0
    From related orgs
    $84,132
    Other
    $0
    Hours/week
    5 + 40 related

  • Chris Bell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Chad Froud

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jeff Pulliam

    Director

    Total calculated
    $0
    Hours/week
    1

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 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.

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
2023
Filed
30 June 2025
IRS schema version
2023v6.0
Source object
202501819349301325

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