Form 990 for tax year 2023
Filed by UNIVERSITY OF CENTRAL ARKANSAS FOUNDATION INC.
Totals
- Total revenue
- $14,961,219
- Total expenses
- $10,389,273
- Contributions and grants received
- $12,391,765
- Grants paid
- $3,582,782
- Program service revenue
- $0
- Investment income
- $2,516,020
- Other revenue
- $53,434
- Total assets, end of year
- $103,153,466
- Total liabilities, end of year
- $13,723,629
- Net assets or fund balances, end of year
- $89,429,837
- Program services expenses (Part IX)
- $9,410,183
- Management and general expenses
- $780,326
- Fundraising expenses
- $198,764
- Program service expenses (Part III)
- $9,410,183
Program services were 90.6% 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.
-
1b · Membership dues
$60,244
-
1c · Fundraising events
$185,263
-
1f · All other contributions, gifts and grants
$12,146,258
-
1g · Noncash contributions included above
$434,238
-
3 · Investment income
total $2,475,702 · related or exempt $2,475,702
-
5 · Royalties
total $21,381 · related or exempt $21,381
-
6a · Gross rents
real property $293,645
-
6b · Less rental expenses
real property $149,857
-
6c · Rental income or loss
real property $143,788
-
6d · Net rental income or loss
total $143,788 · excluded $143,788
-
7a · Gross sales of assets other than inventory
securities $27,206,833
-
7b · Less cost or other basis and sales expenses
securities $27,166,515
-
7c · Gain or loss
securities $40,318
-
7d · Net gain or loss
total $40,318 · related or exempt $40,318
-
8a · Fundraising events: gross income
$52,990
-
8a · Fundraising events: contributions included on line 1c
$185,263
-
8b · Fundraising events: direct expenses
$164,725
-
8c · Net income from fundraising events
total -$111,735 · excluded -$111,735
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,925,092 · program services $1,925,092
-
2 · Grants to domestic individuals
total $1,657,690 · program services $1,657,690
-
7 · Other salaries and wages
total $1,584,946 · program services $1,359,229 · management and general $225,717
-
9 · Other employee benefits
total $1,036,666 · program services $1,036,666
-
10 · Payroll taxes
total $131,293 · program services $112,595 · management and general $18,698
-
11c · Fees: accounting
total $103,583 · management and general $103,583
-
11e · Fees: professional fundraising services
total $27,060 · fundraising $27,060
-
11f · Fees: investment management
total $309,418 · management and general $309,418
-
11g · Fees: other
total $177,374 · program services $177,374
-
12 · Advertising and promotion
total $96,477 · program services $96,477
-
13 · Office expenses
total $1,036,440 · program services $1,020,398 · management and general $3,000 · fundraising $13,042
-
17 · Travel
total $358,989 · program services $351,489 · management and general $7,500
-
19 · Conferences, conventions and meetings
total $198,862 · program services $198,862
-
20 · Interest
total $105,989 · management and general $105,989
-
23 · Insurance
total $26,516 · program services $26,249 · management and general $267
-
24a · Other expenses: EQUIPMENT
total $695,010 · program services $695,010
-
24b · Other expenses: SPECIAL EVENTS EXPENSE
total $359,204 · program services $252,840 · fundraising $106,364
-
24c · Other expenses: MISCELLANEOUS
total $352,466 · program services $294,014 · management and general $6,154 · fundraising $52,298
-
24d · Other expenses: UNIFORMS/ACCESSORIES
total $126,066 · program services $126,066
-
24e · All other expenses
total $80,132 · program services $80,132
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,262,730 · end of year $1,374,982
-
3 · Pledges and grants receivable
beginning of year $7,322,405 · end of year $5,445,944
-
4 · Accounts receivable
beginning of year $7,165,656 · end of year $7,238,449
-
10a · Land, buildings and equipment: cost or other basis
$4,250,691
-
10b · Land, buildings and equipment: accumulated depreciation
$1,053,734
-
10c · Land, buildings and equipment, net
beginning of year $3,346,814 · end of year $3,196,957
-
11 · Investments: publicly traded securities
beginning of year $71,582,545 · end of year $85,792,213
-
15 · Other assets
beginning of year $104,921 · end of year $104,921
-
17 · Accounts payable and accrued expenses
beginning of year $8,350 · end of year $543,727
-
23 · Secured mortgages and notes payable
beginning of year $2,579,610 · end of year $2,470,893
-
25 · Other liabilities
beginning of year $9,217,824 · end of year $10,709,009
-
27 · Net assets without donor restrictions
beginning of year $12,882,693 · end of year $15,219,574
-
28 · Net assets with donor restrictions
beginning of year $66,096,594 · end of year $74,210,263
Mission and programs · 2023
Mission
THE PURPOSE OF THE UNIVERSITY OF CENTRAL ARKANSAS FOUNDATION, INC. IS TO FURTHER THE GOALS OF THE UNIVERSITY OF CENTRAL ARKANSAS BY SECURING AND CAREFULLY MANAGING PRIVATE FUNDS FOR THE SUPPORT OF THE UNIVERSITY.
Activities or mission (Part I)
THE FOUNDATION SOLICITS AND MANAGES ENDOWMENT FUNDS FOR SCHOLARSHIPS, UNIVERSITY PROGRAMS, AND OTHER UNIVERSITY NEEDS. IT ALSO SOLICITS AND DISTRIBUTES RESTRICTED FUNDS FOR UNIVERSITY PROGRAMS, BUILDINGS, AND FUNDS FOR CURRENT OPERATING NEEDS OF THE FOUNDATION AND THE UNIVERSITY.
-
THE FOUNDATION PROVIDED SCHOLARSHIPS TO 807 UNIVERSITY OF CENTRAL ARKANSAS STUDENTS.
Expenses $1,657,690 · Grants $1,657,690
-
FUNDING FOR THE PURCHASE OF EDUCATIONAL EQUIPMENT AND MISCELLANEOUS PROGRAMS USED TO ENHANCE EDUCATION AT THE UNIVERSITY OF CENTRAL ARKANSAS.
Expenses $7,752,493 · Grants $1,925,092 · Revenue $2,537,401
As filed on the 2023 return.
Listed in Part VII
-
Brad HegemanBRAD HEGEMAN
CHAIR
- Total calculated
- $0
- Hours/week
- 10
-
Bret CarrollBRET CARROLL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 10
-
Lindsay HendersonLINDSAY HENDERSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
Garland DunnGARLAND DUNN
TREASURER
- Total calculated
- $0
- Hours/week
- 10
-
Tiffany ChildersTIFFANY CHILDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Renee CraterRENEE CRATER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Chris HerveyCHRIS HERVEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Drew GainorDREW GAINOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Ann KinderANN KINDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Kay HinkleKAY HINKLE
DIRECTOR/UCA BOARD
- Total calculated
- $0
- Hours/week
- 10
-
Tony ManningTONY MANNING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Elizabeth BlankenshipELIZABETH BLANKENSHIP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Kenny KinleyKENNY KINLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Drew MayDREW MAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Dexter PearsonDEXTER PEARSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Lori RossLORI ROSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Michael MurryMICHAEL MURRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Lori MeltonLORI MELTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Bradley MullinsBRADLEY MULLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Susan RichardsSUSAN RICHARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Shannon HendrixSHANNON HENDRIX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Daphne McBethDAPHNE MCBETH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
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.
Grants on this return
-
UNIVERSITY OF CENTRAL ARKANSAS
$1,925,092
SUPPORT FOR UNIVERSITY OF CENTRAL ARKANSAS ACTIVITIES
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 CENTRAL ARKANSAS
INSTRUMENT - STATE O · UNIVERSITY · AR
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 24 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500569349301760
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