ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC (EIN 71-0489924)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-02-12
IRS object ID
201640439349302864
Schema version
2014v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-02-12T14:59:15-06:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN710629531PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JONES AND COMPANY LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1970AddressLine1Txt
CityJONESBOROCityNm
State AbbreviationARStateAbbreviationCd
ZIP72403ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN710489924EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ARKANSAS STATE UNIVERSITY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlARKABusinessNameControlTxt
Phone8709722775PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1990AddressLine1Txt
CitySTATE UNIVERSITYCityNm
State AbbreviationARStateAbbreviationCd
ZIP72467ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPHILIP JACKSONPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8709723030PhoneNum
Signature2016-02-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHERYL DEENPreparerPersonNm
PTINP00155035PTIN
Phone8709352871PhoneNum
Preparation2016-02-04PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerPHILIP JACKSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1990AddressLine1Txt
CitySTATE UNIVERSITYCityNm
State AbbreviationARStateAbbreviationCd
ZIP72467ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$11,315,525GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ASTATEFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1977FormationYr
Legal Domicile StateARLegalDomicileStateCd
Activity Or MissionTHE PRIMARY PURPOSE OF THE FOUNDATION IS TO RECEIVE, SOLICIT, ACCEPT AND HOLD, ADMINISTER, INVEST AND DISBURSE ANY AND EVERY KIND OF PROPERTY FOR SUCH EDUCATION, SCIENTIFIC, LITERARY, RESEARCH AND SERVICE ACTIVITIES FROM INDIVIDUALS AND ORGANIZATIONS, INCLUDING FOUNDATIONS, GOVERNMENT AGENCIES, AND PRIVATE BUSINESSES, TO SUPPORT THE CORPORATION'S ACTIVITIES, AND IT SHALL MANAGE ENDOWMENTS GIVEN TO THE CORPORATION FOR THE BENEFIT OF ALL THE ARKANSAS STATE UNIVERSITY SYSTEM CAMPUSES OPERATIONS, SITES AND FACILITIES.ActivityOrMissionDesc
Voting Members Governing Body19VotingMembersGoverningBodyCnt
Voting Members Independent18VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers18TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,590,246PYContributionsGrantsAmt
CY Contributions Grants$4,449,835CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$596,989PYInvestmentIncomeAmt
CY Investment Income$2,185,971CYInvestmentIncomeAmt
PY Other Revenue$883,638PYOtherRevenueAmt
CY Other Revenue$901,576CYOtherRevenueAmt
PY Total Revenue$6,070,873PYTotalRevenueAmt
CY Total Revenue$7,537,382CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$311,616PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$17,019CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$323,287CYTotalFundraisingExpenseAmt
PY Other Expenses$1,435,057PYOtherExpensesAmt
CY Other Expenses$1,585,663CYOtherExpensesAmt
PY Total Expenses$1,746,673PYTotalExpensesAmt
CY Total Expenses$1,602,682CYTotalExpensesAmt
PY Revenues Less Expenses$4,324,200PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$5,934,700CYRevenuesLessExpensesAmt
Total Assets BOY$63,983,938TotalAssetsBOYAmt
Total Assets EOY$67,944,253TotalAssetsEOYAmt
Total Liabilities BOY$11,616,619TotalLiabilitiesBOYAmt
Total Liabilities EOY$12,561,222TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$52,367,319NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$55,383,031NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE ARKANSAS STATE UNIVERSITY FOUNDATION, INC. (THE FOUNDATION) IS A CHARITABLE CORPORATION CREATED UNDER AND OPERATING BY THE LAWS OF THE STATE OF ARKANSAS. THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE TAXPAYER IDENTIFICATION NUMBER FOR THE FOUNDATION IS 71-0489924.AS DEFINED IN ITS BYLAWS, THE PRIMARY PURPOSE OF THE FOUNDATION IS TO RECEIVE, SOLICIT, ACCEPT AND HOLD, ADMINISTER, INVEST AND DISBURSE ANY AND EVERY KIND OF PROPERTY FOR SUCH EDUCATION, SCIENTIFIC, LITERARY, RESEARCH AND SERVICE ACTIVITIES FROM INDIVIDUALS AND ORGANIZATIONS, INCLUDING FOUNDATIONS, GOVERNMENT AGENCIES, AND PRIVATE BUSINESSES, TO SUPPORT THE CORPORATION'S ACTIVITIES, AND IT SHALL MANAGE ENDOWMENTS GIVEN TO THE CORPORATION FOR THE BENEFIT OF ALL THE ARKANSAS STATE UNIVERSITY SYSTEM CAMPUSES OPERATIONS, SITES AND FACILITIES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$736,947ExpenseAmt
DescPROGRAM TITLE: ASU ACADEMIC SUPPORTTHE ARKANSAS STATE UNIVERSITY FOUNDATION, INC. PROVIDES FINANCIAL ASSISTANCE TO ALL MEMBER CAMPUSES OF THE ARKANSAS STATE UNIVERSITY SYSTEM AND RELATED ENTITIES IN SUPPORT OF TEACHING, RESEARCH, DISTANCE LEARNING, LIBRARY MEDIA SERVICES, ECONOMIC DEVELOPMENT AND OUTREACH PROGRAMS BY SUPPLEMENTING UNIVERSITY BUDGETS FOR SUPPLIES AND SERVICES, TRAVEL, EQUIPMENT, TECHNOLOGY, HUMAN RESOURCES AND ALL OTHER COSTS RELATED TO THE UNIVERSITY'S ACADEMIC MISSION.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$261,049ExpenseAmt
DescPROGRAM TITLE: ADMINISTRATIVE SUPPORTTHE ARKANSAS STATE UNIVERSITY FOUNDATION, INC. PROVIDES FINANCIAL ASSISTANCE TO ALL MEMBER CAMPUSES OF THE ARKANSAS STATE UNIVERSITY SYSTEM IN SUPPORT OF ADMINISTRATIVE FUNCTIONS LIKE ACADEMIC AFFAIRS, STUDENT AFFAIRS, RESIDENCE LIFE, RECRUITING, COUNSELING, FACILITIES MANAGEMENT, ADVANCEMENT, ALUMNI RELATIONS, INFORMATION TECHNOLOGY, CAREER MANAGEMENT, DISABILITY SERVICES AND DIVERSITY INITIATIVES BY SUPPLEMENTING UNIVERSITY BUDGETS FOR SUPPLIES AND SERVICES, TRAVEL, EQUIPMENT, TECHNOLOGY, HUMAN RESOURCES AND ALL OTHER COSTS RELATED TO THE UNIVERSITY'S ADMINISTRATIVE MISSIONS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$66,264ExpenseAmt
DescPROGRAM TITLE: ASU STUDENT SUPPORTTHE ARKANSAS STATE UNIVERSITY FOUNDATION, INC. PROVIDES FINANCIAL ASSISTANCE TO STUDENTS AT ALL MEMBER CAMPUSES OF THE ARKANSAS STATE UNIVERSITY SYSTEM THROUGH ACADEMIC SCHOLARSHIPS, AWARDS, STIPENDS, GRANTS AND GENERAL SUPPORT FOR VARIOUS STUDENT ACTIVITIES. THE MAJORITY OF FINANCIAL ASSISTANCE TO STUDENTS IS MADE BY WAY OF TRANSFERS TO ARKANSAS STATE UNIVERSITY.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$1,064,260TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art ContributionYes (1)DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (1)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
DAF Excess Business Holdings0DAFExcessBusinessHoldingsInd
Taxable Distributions0TaxableDistributionsInd
Distribution To Donor0DistributionToDonorInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members19GoverningBodyVotingMembersCnt
Independent Voting Member18IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldARStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PHILIP JACKSONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8709722775PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1990AddressLine1Txt
CitySTATE UNIVERSITYCityNm
State AbbreviationARStateAbbreviationCd
ZIP724671990ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
PAM KAIL
SECRETARY1.00Yes (X)Yes (X)$0$0$0
DOUG COY
BOARD VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
HAZEL DICKEY
DIRECTOR1.00Yes (X)$0$0$0
JUDIOUS LEWIS
DIRECTOR1.00Yes (X)$0$0$0
NESS SECHREST
DIRECTOR1.00Yes (X)$0$0$0
PHILIP JACKSON
PRESIDENT1.00Yes (X)Yes (X)$0$109,159$31,04240.00
JOE MILES
BOARD CHAIR1.00Yes (X)Yes (X)$0$0$0
BOBBY CALDWELL
IMMEDIATE PAST CHAIR1.00Yes (X)$0$0$0
MELISSA LIVINGSTON
BOARD LIASON1.00Yes (X)$0$40,927$17,498
THOM BEASLEY
DIRECTOR1.00Yes (X)$0$0$0
KEN BENNETT
DIRECTOR1.00Yes (X)$0$0$0
BOB EARWOOD
DIRECTOR1.00Yes (X)$0$0$0
JIM GOWEN JR
DIRECTOR1.00Yes (X)$0$0$0
ROGER POHLNER
DIRECTOR1.00Yes (X)$0$0$0
GARY PUGH
DIRECTOR1.00Yes (X)$0$0$0
CHARLOTTE RAZER
DIRECTOR1.00Yes (X)$0$0$0
HERMAND STRICKLAND JR
DIRECTOR1.00Yes (X)$0$0$0
CHARLES WELCH
DIRECTOR1.00Yes (X)$0$0$0
DON WINTON
DIRECTOR1.00Yes (X)$0$0$0
STEVE OWENS
FORMER PRESIDENT & CEO0.00$0$96,184$49,283Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$246,270TotReportableCompRltdOrgAmt
Total Other Compensation$97,823TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$4,449,835AllOtherContributionsAmt
Noncash Contributions$798,665NoncashContributionsAmt
Total Contributions$4,449,835TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,626,428TotalRevenueColumnAmt
Exclusion$1,626,428ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$4,337,686SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$3,778,143SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$559,543SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$559,543TotalRevenueColumnAmt
Related Or Exempt Func Income$559,543RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER REVENUEDesc
Business611710BusinessCd
Total Revenue Column$901,576TotalRevenueColumnAmt
Exclusion$901,576ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$901,576OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,537,382TotalRevenueColumnAmt
Related Or Exempt Func Income$559,543RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,528,004ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$17,019TotalAmt
Program Services$15,266ProgramServicesAmt
Fundraising$1,753FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$36,332TotalAmt
Management And General$36,332ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$45,124TotalAmt
Management And General$19,648ManagementAndGeneralAmt
Fundraising$25,476FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$25,568TotalAmt
Program Services$16,555ProgramServicesAmt
Fundraising$9,013FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,061TotalAmt
Management And General$1,061ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$8,360TotalAmt
Program Services$690ProgramServicesAmt
Management And General$7,107ManagementAndGeneralAmt
Fundraising$563FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$32,368TotalAmt
Program Services$150ProgramServicesAmt
Management And General$25,696ManagementAndGeneralAmt
Fundraising$6,522FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$76,642TotalAmt
Program Services$48,070ProgramServicesAmt
Management And General$6,095ManagementAndGeneralAmt
Fundraising$22,477FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$15,391TotalAmt
Program Services$10,793ProgramServicesAmt
Management And General$4,238ManagementAndGeneralAmt
Fundraising$360FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$58,249TotalAmt
Program Services$11,007ProgramServicesAmt
Management And General$47,242ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$23,416TotalAmt
Program Services$13,684ProgramServicesAmt
Management And General$9,732ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
OTHER EXPENSES$470,411$465,817$3,926$668
SUPPLIES$320,799$234,120$9,639$77,040
BUSINESS MEALS & ENTERT$152,373$107,637$7,538$37,198
HONORARIUM & CONTRACT S$101,733$15,696$700$85,337

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$217,836TotalAmt
Program Services$124,775ProgramServicesAmt
Management And General$36,181ManagementAndGeneralAmt
Fundraising$56,880FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,602,682TotalAmt
Program Services$1,064,260ProgramServicesAmt
Management And General$215,135ManagementAndGeneralAmt
Fundraising$323,287FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$246,200BOYAmt
EOY$536,805EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$9,073,021BOYAmt
EOY$9,257,482EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,431,460BOYAmt
EOY$1,527,983EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,829BOYAmt
EOY$19,468EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,459,599LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$474,582LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,043,266BOYAmt
EOY$985,017EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$51,438,268BOYAmt
EOY$51,157,699EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$737,639BOYAmt
EOY$4,345,882EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$8,255BOYAmt
EOY$113,917EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$63,983,938BOYAmt
EOY$67,944,253EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$42,790BOYAmt
EOY$92,925EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$11,573,829BOYAmt
EOY$12,468,297EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$11,616,619BOYAmt
EOY$12,561,222EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,519,182BOYAmt
EOY$2,458,885EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,867,701BOYAmt
EOY$8,159,485EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$41,980,436BOYAmt
EOY$44,764,661EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$52,367,319BOYAmt
EOY$55,383,031EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$63,983,938BOYAmt
EOY$67,944,253EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$5,934,700ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$1,192,195NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$1,726,793OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College OrganizationYes (X)CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,613,414CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,564,263CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,933,830CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,590,246CurrentTaxYearMinus1YearAmt
Current Tax Year$4,449,835CurrentTaxYearAmt
Total$22,151,588TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$402,622CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$340,266CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$355,876CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$313,221CurrentTaxYearMinus1YearAmt
Current Tax Year$273,573CurrentTaxYearAmt
Total$1,685,558TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,016,036CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,904,529CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,289,706CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,903,467CurrentTaxYearMinus1YearAmt
Current Tax Year$4,723,408CurrentTaxYearAmt
Total$23,837,146TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,664,747SubstantialContributorsTotAmt
Public Support Total170$22,172,399PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$809,701CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$855,074CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$893,498CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$573,716CurrentTaxYearMinus1YearAmt
Current Tax Year$1,626,428CurrentTaxYearAmt
Total$4,758,417TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$699,441CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$956,889CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$743,827CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$883,638CurrentTaxYearMinus1YearAmt
Current Tax Year$901,576CurrentTaxYearAmt
Total$4,185,371TotalAmt
FieldValueIRS element (for citing)
Total Support$32,780,934TotalSupportAmt
Public Support CY1700.67640PublicSupportCY170Pct
Public Support PY1700.63730PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$41,980,436BeginningYearBalanceAmt
Contributions$1,892,659ContributionsAmt
Investment Earnings Or Losses$2,093,848InvestmentEarningsOrLossesAmt
Other Expenditures$1,202,282OtherExpendituresAmt
End Year Balance$44,764,661EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$34,552,090BeginningYearBalanceAmt
Contributions$2,346,505ContributionsAmt
Investment Earnings Or Losses$5,659,729InvestmentEarningsOrLossesAmt
Other Expenditures$577,888OtherExpendituresAmt
End Year Balance$41,980,436EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$31,903,135BeginningYearBalanceAmt
Contributions$1,138,421ContributionsAmt
Investment Earnings Or Losses$2,833,287InvestmentEarningsOrLossesAmt
Other Expenditures$1,322,753OtherExpendituresAmt
End Year Balance$34,552,090EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$31,964,326BeginningYearBalanceAmt
Contributions$762,803ContributionsAmt
Investment Earnings Or Losses$1,486InvestmentEarningsOrLossesAmt
Other Expenditures$825,480OtherExpendituresAmt
End Year Balance$31,903,135EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$29,030,722BeginningYearBalanceAmt
Contributions$513,738ContributionsAmt
Investment Earnings Or Losses$3,268,875InvestmentEarningsOrLossesAmt
Other Expenditures$849,009OtherExpendituresAmt
End Year Balance$31,964,326EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.08000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.92000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$110,093OtherCostOrOtherBasisAmt
Book Value$110,093BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,088,150OtherCostOrOtherBasisAmt
Depreciation$285,640DepreciationAmt
Book Value$802,510BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$261,356OtherCostOrOtherBasisAmt
Depreciation$188,942DepreciationAmt
Book Value$72,414BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$985,017TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
GUARANTEED INVESTMENT CONTRACT$83,997F
PARTNERSHIP INTEREST$4,261,885F
FieldValueIRS element (for citing)
Total Book Value Securities$4,345,882TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
ANNUITIES PAYABLE$27,956
AMOUNTS HELD ON BEHALF OF ARKANSAS STATE UNIVERSITY$11,923,085
DUE TO ASU CAMPUSES$517,256
FieldValueIRS element (for citing)
Total Liability$12,468,297TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$8,600,070TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$1,192,195NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$273,573DonatedServicesAndUseFcltsAmt
Other Revenue$1,981,310OtherRevenueAmt
Revenue Not Reported$1,062,688RevenueNotReportedAmt
Revenue Subtotal$7,537,382RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$7,537,382TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$4,927,451TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$273,573DonatedServicesUseFcltsAmt
Other Expenses Included$3,051,196OtherExpensesIncludedAmt
Expenses Not Reported$3,324,769ExpensesNotReportedAmt
Expenses Subtotal$1,602,682ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,602,682TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:INVESTMENT RETURN OBJECTIVES, RISK PARAMETERS AND STRATEGIES: THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES, APPROVED BY THE BOARD OF TRUSTEES, FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT FUNDS WHILE ALSO MAINTAINING THE PURCHASING POWER OF THOSE ENDOWMENT ASSETS OF THE LONG-TERM. ACCORDINGLY, THE INVESTMENT PROCESS SEEKS TO ACHIEVE AN AFTER-COST TOTAL REAL RATE OF RETURN, INCLUDING INVESTMENT INCOME AS WELL AS CAPITAL APPRECIATION, WHICH EXCEEDS THE ANNUAL DISTRIBUTION WITH ACCEPTABLE LEVELS OF RISK. ENDOWMENT ASSETS ARE INVESTED IN A WELL-DIVERSIFIED ASSET MIX, WHICH INCLUDES EQUITY AND DEBT SECURITIES, THAT IS INTENDED TO RESULT IN A CONSISTENT INFLATION-PROTECTED RATE OF RETURN THAT HAS SUFFICIENT LIQUIDITY TO MAKE AN ANNUAL DISTRIBUTION OF 5%, WHILE GROWING THE FUNDS IF POSSIBLE. THEREFORE, THE ORGANIZATION EXPECTS ITS ENDOWMENT ASSETS, OVER TIME, TO PRODUCE AN AVERAGE RATE OF RETURN OF APPROXIMATELY 8% ANNUALLY. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. INVESTMENT RISK IS MEASURED IN TERMS OF THE TOTAL ENDOWMENT FUND; INVESTMENT ASSETS AND ALLOCATION BETWEEN ASSET CLASSES AND STRATEGIES ARE MANAGED TO NOT EXPOSE THE FUND TO UNACCEPTABLE LEVELS OF RISK. SPENDING POLICY: THE FOUNDATION HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 5% OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE OF THE PRIOR FIVE CALENDAR YEAR-ENDS FOR MOST OF ITS ENDOWMENTS. IN ESTABLISHING THIS POLICY, THE ORGANIZATION CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS INVESTMENT ASSETS, THE NATURE AND DURATION OF THE INDIVIDUAL ENDOWMENT FUNDS, MANY OF WHICH MUST BE MAINTAINED IN PERPETUITY BECAUSE OF DONOR-RESTRICTIONS, AND THE POSSIBLE EFFECTS OF INFLATION. THE ORGANIZATION EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT FUNDS TO GROW AT A NOMINAL AVERAGE RATE OF 3% ANNUALLY, WHICH IS CONSISTENT WITH THE ORGANIZATION'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH INVESTMENT RETURN. INTENDED USE: ENDOWMENT FUNDS ARE INTENDED TO BE KEPT IN PERPETUITY TO PROVIDE INCOME FOR SUPPORT OF VARIOUS ACADEMIC FUNCTIONS WITH MEMBER CAMPUSES OF THE ASU SYSTEM.
PART XI, LINE 2D - OTHER ADJUSTMENTS:SUPPORT FROM THE ARKANSAS STATE UNIVERSITY REAL ESTATE FOUNDATION 1,981,310.
PART XII, LINE 2D - OTHER ADJUSTMENTS:TRANSFERS TO ARKANSAS STATE UNIVERSITY 3,015,738. CHANGE IN SPLIT-INTEREST AGREEMENTS 35,458.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Discretionary Spending AcctYes (X)DiscretionarySpendingAcctInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonSTEVE OWENSPersonNm
TitleFORMER PRESIDENT & CEOTitleTxt
Base Compensation Filing Org$0BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$96,184CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$33,075DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$16,208NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$0TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$145,467TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$29,961CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 4AFormAndLineReferenceDesc
ExplanationSTEVE OWENS, FORMER PRESIDENT/CEO OF THE FOUNDATION, $33,075ExplanationTxt

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution6ContributionCnt
Noncash Contributions Rpt F990$84,153NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution6ContributionCnt
Noncash Contributions Rpt F990$409,883NoncashContributionsRptF990Amt
Method Of Determining RevenuesSTOCK MARKETMethodOfDeterminingRevenuesTxt

Historical Artifacts HistoricalArtifactsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution81ContributionCnt
Noncash Contributions Rpt F990$81NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)SUPPLIES20$248,969FAIR MARKET VALUE
Yes (X)ADVERTISING6$50,550FAIR MARKET VALUE
Yes (X)FACILITY RENTAL1$5,000FAIR MARKET VALUE
Yes (X)FUNDRAISING ITEMS5$29FAIR MARKET VALUE
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11A COPY OF THE FORM 990 WAS REVIEWED BY THE PRESIDENT AND AUDIT COMMITTEE OF THE EXEMPT ORGANIZATION BEFORE THE RETURN WAS FILED.
FORM 990, PART VI, SECTION B, LINE 12CAT THE FIRST BOARD MEETING FOLLOWING THE ANNUAL BOARD MEETING, AND AT THE FIRST MEETING OF EACH COMMITTEE WITH BOARD-DELEGATED POWERS FOLLOWING THE ANNUAL BOARD MEETING, AND AT SUCH OTHER TIMES AS THE BOARD OR EXECUTIVE COMMITTEE MAY DEEM APPROPRIATE, THE BOARD, OR EXECUTIVE COMMITTEE SHALL CONDUCT A REVIEW OF THE FOUNDATION'S ACTIVITIES TO ENSURE THAT THE FOUNDATION IS OPERATING IN A MANNER CONSISTENT WITH ACCOMPLISHING ITS CHARITABLE PURPOSES AND THAT ITS OPERATIONS DO NOT RESULT IN PRIVATE INUREMENT OR IMPERMISSIBLE BENEFIT TO PRIVATE INTERESTS. IN THE INSTANCE WHERE A CONFLICT OF INTEREST ARISES, THE BOARD OR EXECUTIVE COMMITTEE SHALL: (1) REQUIRE THE INTERESTED PERSON TO LEAVE THE MEETING DURING THE DISCUSSION OF, AND VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST; PROVIDED, HOWEVER, THAT THE INTERESTED PERSON MAY MAKE A PRESENTATION AT THE MEETING PRIOR TO LEAVING; (2) APPOINT, IF IT DEEMS APPROPRIATE, A NON-INTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT; AND (3) DETERMINE, BY A MAJORITY VOTE WITHOUT THE INTERESTED PERSON VOTING, THAT THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTERESTS AND FOR ITS OWN BENEFIT; IS FAIR AND REASONABLE TO THE FOUNDATION; AND, AFTER EXERCISING DUE DILIGENCE, DETERMINE THAT THE FOUNDATION CANNOT OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS UNDER THE CIRCUMSTANCES. ANY INTERESTED PERSON WHO VIOLATES THIS CONFLICT OF INTEREST POLICY SHALL BE SUBJECT TO APPROPRIATE DISCIPLINE INCLUDING REMOVAL FROM OFFICE.
FORM 990, PART VI, SECTION B, LINE 15THE EXECUTIVE DIRECTOR'S COMPENSATION IS NOT REVIEWED BY THE FINANCE COMMITTEE, HOWEVER THE SALARY IS DEFINED IN ACCORDANCE WITH THE STATE OF ARKANSAS' PAY SCALES.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S POLICY DOCUMENTS AND FINANCIAL STATMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE.
FORM 990, PART IX, LINE 24ESPECIAL EVENTS: PROGRAM SERVICE EXPENSES 21,265. MANAGEMENT AND GENERAL EXPENSES 1,402. FUNDRAISING EXPENSES 44,543. TOTAL EXPENSES 67,210. UNCOLLECTIBLE PLEDGE EXPENSE: PROGRAM SERVICE EXPENSES 21,988. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,988. DUES & MEMBERSHIPS: PROGRAM SERVICE EXPENSES 15,255. MANAGEMENT AND GENERAL EXPENSES 4,079. FUNDRAISING EXPENSES 346. TOTAL EXPENSES 19,680. STUDENT AWARDS: PROGRAM SERVICE EXPENSES 13,190. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,190. POSTAGE: PROGRAM SERVICE EXPENSES 929. MANAGEMENT AND GENERAL EXPENSES 9,308. FUNDRAISING EXPENSES 2,060. TOTAL EXPENSES 12,297. CONTRIBUTIONS & GRANTS: PROGRAM SERVICE EXPENSES 10,194. MANAGEMENT AND GENERAL EXPENSES 1,400. FUNDRAISING EXPENSES 100. TOTAL EXPENSES 11,694. EXHIBIT SUPPLIES: PROGRAM SERVICE EXPENSES 7,832. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 3,679. TOTAL EXPENSES 11,511. EMPLOYEE & FACULTY AWARDS: PROGRAM SERVICE EXPENSES 10,105. MANAGEMENT AND GENERAL EXPENSES 1,004. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,109. FLORIST: PROGRAM SERVICE EXPENSES 9,536. MANAGEMENT AND GENERAL EXPENSES 638. FUNDRAISING EXPENSES 442. TOTAL EXPENSES 10,616. CREDIT CARD CHARGES: PROGRAM SERVICE EXPENSES 268. MANAGEMENT AND GENERAL EXPENSES 9,261. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,529. EXHIBIT AWARDS: PROGRAM SERVICE EXPENSES 5,430. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,430. TELEPHONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,617. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,617. SCHOLARSHIPS: PROGRAM SERVICE EXPENSES 3,990. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,990. PRINTING & PUBLICATIONS: PROGRAM SERVICE EXPENSES 478. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 3,495. TOTAL EXPENSES 3,973. TRAINING & DEVELOPMENT: PROGRAM SERVICE EXPENSES 260. MANAGEMENT AND GENERAL EXPENSES 2,071. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,331. AUTO REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 769. MANAGEMENT AND GENERAL EXPENSES 1,295. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,064. MUSIC PERFORMANCE: PROGRAM SERVICE EXPENSES 1,278. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 386. TOTAL EXPENSES 1,664. DONOR ACKNOWLEDGEMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,040. FUNDRAISING EXPENSES 420. TOTAL EXPENSES 1,460. EQUIPMENT RENTAL & MAINTENANCE: PROGRAM SERVICE EXPENSES 42. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,251. TOTAL EXPENSES 1,293. STUDENT STIPENDS: PROGRAM SERVICE EXPENSES 870. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 870. HOSPITALITY: PROGRAM SERVICE EXPENSES 683. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 158. TOTAL EXPENSES 841. EMERGENCY ASSISTANCE: PROGRAM SERVICE EXPENSES 311. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 311. TAXES: PROGRAM SERVICE EXPENSES 42. MANAGEMENT AND GENERAL EXPENSES 66. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 108. STUDENT RECOGNITION: PROGRAM SERVICE EXPENSES 60. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60.
FORM 990, PART XI, LINE 9:TRANSFERS TO ASU (SCHOLARSHIPS, BUDGET SUPPLEMENTS, COLLECTIBLES) -2,986,091. TRANSFERS TO ARKANSAS STATE UNIVERSITY ALUMNI ASSOCIATION, INC. -13,282. TRANSFERS TO ASU REAL ESTATE FOUNDATION -16,365. TRANSFERS TO ASU RED WOLVES FOUNDATION -656,907. TRANSFERS FROM ARKANSAS STATE UNIVERSITY REAL ESTATE FOUNDATION 1,981,310. CHANGE IN SPLIT INTEREST AGREEMENTS -35,458.
FORM 990, PART XII, LINE 2C:THE REVIEW PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (8 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndPublic Charity StatusPublicCharityStatusTxt
ARKANSAS STATE UNIVERSITY - JONESBORO
2105 EAST AGGIEJONESBOROAR72401716000556EDUCATIONAL INSTITUTIONAR115(A)N/A0
ARKANSAS STATE UNIVERSITY - BEEBE
1000 IOWA STBEEBEAR72012710421333EDUCATIONAL INSTITUTIONAR115(A)N/A0
ARKANSAS STATE UNIVERSITY - MOUNTAIN HOME
1600 SOUTH COLLEGEMOUNTAIN HOMEAR72653621687591EDUCATIONAL INSTITUTIONAR115(A)N/A0
ARKANSAS STATE UNIVERSITY - NEWPORT
7648 VICTORY BLVDNEWPORTAR72112710855933EDUCATIONAL INSTITUTIONAR115(A)N/A0
ARKANSAS STATE UNIVERSITY ALUMNI ASSOCIATION INC
2600 ALUMNI BLVDJONESBOROAR72401581723646SOCIAL ALUMNI ENTITY FOR THE SUPPORT OF ARKANSAS STATE UNIVERSITYAR501(C)(7)N/A0
ARKANSAS STATE UNIVERSITY RED WOLVES FOUNDATION INC
1000 OLYMPIC DRIVEJONESBOROAR72401710526367ACADEMIC BOOSTER ACTIVITIESAR501(C)(3)N/A05
ARKANSAS STATE UNIVERSITY REAL ESTATE FOUNDATION INC
PO BOX 1990STATE UNIVERSITYAR72467454896479RECEIVES, HOLDS AND ADMINISTERS REAL & PERSONAL PROPERTY DONATIONSAR501(C)(3)N/A05
ASU RESEARCH & INNOVATION FOUNDATION INC
PO BOX 1990STATE UNIVERSITYAR72467203239949RESEARCH ENTITY FOR THE SUPPORT OF ARKANSAS STATE UNIVERSITYAR501(C)(3)N/A05
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (7 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
ARKANSAS STATE UNIVERSITY-JONESBORO
B$2,490,506CASH
ARKANSAS STATE UNIVERSITY-BEEBE
B$165,394CASH
ARKANSAS STATE UNIVERSITY-MOUNTAIN HOME
B$215,998CASH
ARKANSAS STATE UNIVERSITY-NEWPORT
B$127,475CASH
ARKANSAS STATE UNIVERSITY RED WOLVES FOUNDATION INC
B$656,907CASH
ARKANSAS STATE UNIVERSITY REAL ESTATE FOUNDATION INC
B$16,365CASH
ARKANSAS STATE UNIVERSITY REAL ESTATE FOUNDATION INC
C$1,981,310CASH

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