Form 990 for tax year 2022
Filed by ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC.
Totals
- Total revenue
- $10,187,918
- Total expenses
- $10,145,082
- Contributions and grants received
- $7,156,884
- Grants paid
- $7,096,355
- Program service revenue
- $0
- Investment income
- $2,595,659
- Other revenue
- $435,375
- Total assets, end of year
- $129,583,231
- Total liabilities, end of year
- $14,966,629
- Net assets or fund balances, end of year
- $114,616,602
- Program services expenses (Part IX)
- $9,944,093
- Management and general expenses
- $200,989
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,944,093
Program services were 98.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
NICOLE FREY
PRESIDENT
- Total calculated
- $29,743
- From this org
- $22,500
- From related orgs
- $0
- Other
- $7,243
- Hours/week
- 1 + 40 related
-
MELISSA LIVINGSTON
BOARD LIASON
- Total calculated
- $62,473
- From this org
- $47,688
- From related orgs
- $0
- Other
- $14,785
- Hours/week
- 1 + 40 related
-
DR HAZEL DICKEY
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
CHARLOTTE RAZER
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JUDIOUS LEWIS
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
PAM KAIL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
PHILIP JACKSON
FORMER PRESIDENT
- Total calculated
- $189,005
- From this org
- $149,090
- From related orgs
- $0
- Other
- $39,915
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $149,090
- Bonus
- $0
- Other
- $0
- Deferred
- $14,909
- Nontaxable benefits
- $25,006
- Filer's total
- $189,005
-
PHILLIP BUTTERFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRIS VANLANDINGHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SHARON DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JIM GOWEN JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOE MILES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID A PICKLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRIS WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NESS SECHREST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT WHITE
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
- 1a · Discretionary spending account
- 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
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
-
ARKANSAS STATE UNIVERSITY - JONESBORO
$5,353,633
TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY - JONESBORO
-
TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY REAL ESTATE FOUNDATION, INC.
-
TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY - MOUNTAIN HOME
-
ARKANSAS STATE UNIVERSITY - NEWPORT
$157,829
TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY - NEWPORT
-
EDUCATIONAL INSTITUTION
-
ARKANSAS STATE UNIVERSITY - BEEBE
$103,912
TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY - BEEBE
-
TO PROVIDE SUPPORT TO ARKANSAS STATE UNIVERSITY RED WOLVES FOUNDATION, INC.
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.
-
ARKANSAS STATE UNIVERSITY - JONESBORO
115(A) · EDUCATIONAL INSTITUTION · AR
-
ARKANSAS STATE UNIVERSITY - BEEBE
115(A) · EDUCATIONAL INSTITUTION · AR
-
ARKANSAS STATE UNIVERSITY - MOUNTAIN HOME
115(A) · EDUCATIONAL INSTITUTION · AR
-
ARKANSAS STATE UNIVERSITY - NEWPORT
115(A) · EDUCATIONAL INSTITUTION · AR
-
ARKANSAS STATE UNIVERSITY ALUMNI ASSOCIATION INC
501(C)(7) · SOCIAL ALUMNI ENTITY FOR THE SUPPORT OF ARKANSAS STATE UNIVERSITY · AR
-
ARKANSAS STATE UNIVERSITY RED WOLVES FOUNDATION INC
501(C)(3) · ACADEMIC BOOSTER ACTIVITIES · AR
-
ARKANSAS STATE UNIVERSITY REAL ESTATE FOUNDATION INC
501(C)(3) · RECEIVES, HOLDS AND ADMINISTERS REAL & PERSONAL PROPERTY DONATIONS · AR · controlled entity
Directly controlled by ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC
-
ASU RESEARCH & INNOVATION FOUNDATION INC
501(C)(3) · RESEARCH ENTITY FOR THE SUPPORT OF ARKANSAS STATE UNIVERSITY · AR
-
ARKANSAS STATE UNIVERSITY THREE RIVERS
115(A) · EDUCATIONAL INSTITUTION · AR
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401369349304645
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