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← UNIVERSITY OF ARKANSAS FOUNDATION INC

Form 990 for tax year 2022

Filed by UNIVERSITY OF ARKANSAS FOUNDATION INC.

Totals

Total revenue
$131,431,688
Total expenses
$133,651,457
Contributions and grants received
$73,834,773
Grants paid
$124,611,315
Program service revenue
$0
Investment income
$57,587,027
Other revenue
$9,888
Total assets, end of year
$1,953,877,195
Total liabilities, end of year
$22,157,769
Net assets or fund balances, end of year
$1,931,719,426
Program services expenses (Part IX)
$124,611,315
Management and general expenses
$9,040,142
Fundraising expenses
$0
Program service expenses (Part III)
$124,611,315

Program services were 93.2% 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.

  • 1f · All other contributions, gifts and grants

    $73,834,773

  • 1g · Noncash contributions included above

    $8,435,030

  • 3 · Investment income

    total $28,203,336 · unrelated business $243,985 · excluded $27,959,351

  • 5 · Royalties

    total $9,888 · excluded $9,888

  • 7a · Gross sales of assets other than inventory

    securities $804,495,699

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

    securities $775,112,008

  • 7c · Gain or loss

    securities $29,383,691

  • 7d · Net gain or loss

    total $29,383,691 · excluded $29,383,691

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $124,611,315 · program services $124,611,315

  • 5 · Compensation of officers, directors and key employees

    total $1,520,300 · management and general $1,520,300

  • 7 · Other salaries and wages

    total $413,103 · management and general $413,103

  • 8 · Pension plan contributions

    total $41,236 · management and general $41,236

  • 9 · Other employee benefits

    total $71,788 · management and general $71,788

  • 10 · Payroll taxes

    total $98,201 · management and general $98,201

  • 11c · Fees: accounting

    total $92,900 · management and general $92,900

  • 11f · Fees: investment management

    total $6,449,706 · management and general $6,449,706

  • 11g · Fees: other

    total $30,469 · management and general $30,469

  • 13 · Office expenses

    total $77,575 · management and general $77,575

  • 14 · Information technology

    total $93,678 · management and general $93,678

  • 16 · Occupancy

    total $82,844 · management and general $82,844

  • 17 · Travel

    total $593 · management and general $593

  • 23 · Insurance

    total $67,749 · management and general $67,749

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $337,808,658 · end of year $386,208,153

  • 3 · Pledges and grants receivable

    beginning of year $157,629,415 · end of year $94,676,203

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

    $30,000

  • 10c · Land, buildings and equipment, net

    beginning of year $30,000 · end of year $30,000

  • 11 · Investments: publicly traded securities

    beginning of year $467,078,753 · end of year $503,480,907

  • 12 · Investments: other securities

    beginning of year $928,049,605 · end of year $961,346,371

  • 15 · Other assets

    beginning of year $3,545,333 · end of year $8,135,561

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,675,084 · end of year $8,106,574

  • 25 · Other liabilities

    beginning of year $15,402,382 · end of year $14,051,195

  • 27 · Net assets without donor restrictions

    beginning of year $139,129,115 · end of year $150,711,558

  • 28 · Net assets with donor restrictions

    beginning of year $1,721,935,183 · end of year $1,781,007,868

Mission and programs · 2022

Mission

PROVIDE SUPPORT FOR THE UNIVERSITY OF ARKANSAS SYSTEM.

  • FUNDS ALLOCATED TO SUPPORTED ORGANIZATIONS FOR CONSTRUCTION AND EQUIPMENT.

    Expenses $34,792,795 · Grants $34,792,795

  • FUNDS ALLOCATED TO SUPPORTED ORGANIZATIONS FOR RESEARCH, FACULTY/STAFF SUPPORT AND SCHOLARSHIPS AND AWARDS.

    Expenses $39,176,702 · Grants $39,176,702

  • FUNDS ALLOCATED TO SUPPORTED ORGANIZATION FOR ALL OTHER PROGRAM EXPENSES.

    Expenses $50,641,818 · Grants $50,641,818

As filed on the 2022 return.

Listed in Part VII

  • Mr Cliff Gibson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Mr Ben Hyneman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Mr Mike Akin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Mr Mark Waldrip

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Ms Ann Rosso

    BOARD MEMBER/CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • Mr Tim O'Donnell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Mr Beau Blair

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Ms Patti Bailey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Mr Peter G Kumpe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Ms Cynthia Conger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Mr Randy Risher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Mr Scott Saffold

    BOARD MEMBER/VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • Mr Calvin Booker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Dr Diane S Gilleland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Mr Archie Schaffer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Mr Dick Trammel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Dr Kevin Stephenson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Mr Don L Gibson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Ms Natalie Rockefeller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Mr Kevin Rose

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Mr Scott McKennon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Mr Ed Copeland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Ms Ashley Welch Hudson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Mr Rick Duffield

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Mr Ned Hendrix

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Dr Clay H Davis

    PRESIDENT/CEO

    Total calculated
    $462,176
    From this org
    $417,342
    From related orgs
    $0
    Other
    $44,834
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $417,342
    Bonus
    $0
    Other
    $0
    Deferred
    $30,227
    Nontaxable benefits
    $14,607
    Filer's total
    $462,176

  • Ms Dianna Lee

    VICE PRESIDENT ADMINISTRATION

    Total calculated
    $296,448
    From this org
    $256,239
    From related orgs
    $0
    Other
    $40,209
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,239
    Bonus
    $0
    Other
    $0
    Deferred
    $25,702
    Nontaxable benefits
    $14,507
    Filer's total
    $296,448

  • Mr Robert Koster

    EXECUTIVE VICE PRES/COO

    Total calculated
    $305,544
    From this org
    $262,190
    From related orgs
    $0
    Other
    $43,354
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,190
    Bonus
    $0
    Other
    $0
    Deferred
    $26,597
    Nontaxable benefits
    $16,757
    Filer's total
    $305,544

  • Ms Vickie Ferguson

    VICE PRESIDENT/DIR. OF INVESTMENTS

    Total calculated
    $223,531
    From this org
    $201,813
    From related orgs
    $0
    Other
    $21,718
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,813
    Bonus
    $0
    Other
    $0
    Deferred
    $20,326
    Nontaxable benefits
    $1,392
    Filer's total
    $223,531

  • Ms Traci Phelan

    ASSOCIATE VICE PRESIDENT/CONTROLLER

    Total calculated
    $190,601
    From this org
    $161,903
    From related orgs
    $0
    Other
    $28,698
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,903
    Bonus
    $0
    Other
    $0
    Deferred
    $16,378
    Nontaxable benefits
    $12,320
    Filer's total
    $190,601

  • Ms Barbara Esch

    SENIOR ACCOUNTANT

    Total calculated
    $146,655
    From this org
    $120,329
    From related orgs
    $0
    Other
    $26,326
    Hours/week
    40

  • Ms Robyn Winkle

    DIRECTOR DATA SYSTEMS

    Total calculated
    $135,084
    From this org
    $108,766
    From related orgs
    $0
    Other
    $26,318
    Hours/week
    40

  • Ms Amy Bell

    ACCOUNTS PAYABLE MANAGER

    Total calculated
    $112,515
    From this org
    $102,094
    From related orgs
    $0
    Other
    $10,421
    Hours/week
    40

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
  • 3 · Independent compensation consultant
  • 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

  • UNIVERSITY OF ARKANSAS FAYETTEVILLE

    $86,723,493

    EDUCATIONAL/RESEARCH

  • UNIVERSITY OF ARKANSAS FOR MEDICAL SCIENCES

    $17,487,594

    EDUCATIONAL/RESEARCH

  • UNIVERSITY OF ARKANSAS AT LITTLE ROCK

    $9,255,682

    EDUCATIONAL/RESEARCH

  • UNIVERSITY OF ARKANSAS SYSTEM

    $5,654,925

    EDUCATIONAL/RESEARCH

  • UNIVERSITY OF ARKANSAS AT PINE BLUFF

    $1,694,044

    EDUCATIONAL/RESEARCH

  • DIVISION OF AGRICULTURE

    $1,483,935

    EDUCATIONAL/RESEARCH

  • UNIVERSITY OF ARKANSAS AT MONTICELLO

    $1,473,056

    EDUCATIONAL/RESEARCH

  • UNIVERSITY OF ARKANSAS PULASKI TECHNICAL COLLEGE

    $348,401

    EDUCATIONAL/RESEARCH

  • PHILLIPS COMMUNITY COLLEGE OF THE UNIVERSITY OF ARKANSAS

    $183,016

    EDUCATIONAL/RESEARCH

  • UNIVERSITY OF ARKANSAS COMMUNITY COLLEGE AT BATESVILLE

    $155,625

    EDUCATIONAL/RESEARCH

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • UAF FUND LP - HF CLASS SERIES

    INVESTMENT · INVESTMENT · MA · 99.99% owned · share of income $13,988,544 · share of assets $245,272,239

  • UAF FUND LP - PE CLASS SERIES

    INVESTMENT · INVESTMENT · MA · 99.99% owned · share of income $19,438,414 · share of assets $733,099,593

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (22)

    AR

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202401309349304325

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

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