2016-05-11T12:38:31-05:00 2015-06-30 201776739 JPMS COX PLLC 11300 CANTRELL ROAD SUITE 301 LITTLE ROCK AR 72212 990 2014-07-01 237337495 ARKANSAS ARTS CENTER FOUNDATION ARKA 5013724000 PO BOX 2137 LITTLE ROCK AR 72203 TODD HERMAN DIRECTOR 5013724000 2016-04-05 1 MARY ELLEN IRONS P00626271 5012275800 2016-04-05 2014 2016-08-17 19:52:53Z TODD HERMAN PO BOX 2137 LITTLE ROCK AR 72203 5836519 0 X N/A X 1972 AR THE ARKANSAS ARTS CENTER FOUNDATION WAS CREATED BY THE ARKANSAS ARTS CENTER IN 1972 TO MANAGE AND ADMINISTER AN ENDOWMENT FUND FOR THE BENEFIT OF THE CENTER AND TO HOLD LEGAL TITLE TO THE COLLECTION OF ART OBJECTS. 13 13 0 15 4582 0 1368000 2186480 0 0 927626 1641235 2630 10175 2298256 3837890 2963220 2825806 0 0 0 381421 0 0 0 767628 847134 3730848 4054361 -1432592 -216471 35623507 34418114 2594539 2663794 33028968 31754320 THE ARKANSAS ARTS CENTER FOUNDATION WAS CREATED BY THE ARKANSAS ARTS CENTER IN 1972 TO MANAGE AND ADMINISTER AN ENDOWMENT FUND FOR THE BENEFIT OF THE CENTER AND TO HOLD LEGAL TITLE TO THE COLLECTION OF ART OBJECTS. 0 0 4054361 2825806 THE ARKANSAS ARTS CENTER FOUNDATION'S MISSION IS TO SUPPORT THE OPERATION OF AND TO PROVIDE A STABLE SOURCE OF INCOME TO THE ARKANSAS ARTS CENTER. 4054361 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 X 13 13 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 1 0 AR X X LAINE HARBER ARKANSAS ARTS CENTER FOUNDATION 5013724000 PO BOX 2137 LITTLE ROCK AR 72203 WARREN STEPHENS DIRECTOR 0.30 X 0 0 0 GEORGE O'CONNOR TREASURER 0.30 X X 0 0 0 TODD HERMAN SECRETARY 0.30 X X 0 168096 0 JAMES DYKE DIRECTOR 0.30 X 0 0 0 BEN HUSSMAN VICE - CHAIRMAN 0.30 X X 0 0 0 CLAIBORNE DEMING DIRECTOR 0.30 X 0 0 0 ROBERT TUCKER CHAIRMAN 0.30 X X 0 0 0 JOHN TYSON DIRECTOR 0.30 X 0 0 0 CHUCKI BRADBURY DIRECTOR 0.30 X 0 0 0 MARY ELLEN IRONS DIRECTOR 0.30 X 0 0 0 TERRI ERWIN DIRECTOR 0.30 X 0 0 0 MIKE MAYTON DIRECTOR 0.30 X 0 0 0 PHIL COX DIRECTOR 0.30 X 0 0 0 0 168096 0 0 0 1 0 STEPHENS INC 111 CENTER STREET LITTLE ROCK AR 72201 INVESTMENT SERVICES 150000 1 2186480 2186480 954563 954563 2685301 1998629 686672 686672 686672 PASSTHROUGH INCOME 211110 5300 4582 718 CASH SURRENDER VALUE LIFE INSURAN 519100 4875 4875 10175 3837890 0 4582 1646828 2825806 2825806 381421 381421 31000 31000 150000 150000 414929 414929 54790 54790 CONTRACT EXPENSE 114331 114331 STRATEGIC PLANNING 53503 53503 MARIN COLLECTION EXPENS 39317 39317 AGENCY FEES 7500 7500 -18236 -18236 4054361 4054361 0 0 2146 2204 480726 604118 281048 497714 13527712 7669749 6272892 5857963 27754049 26649014 832646 807101 35623507 34418114 1554804 1659728 1039735 1004066 2594539 2663794 X 25058039 23510425 5004755 5300167 2966174 2943728 33028968 31754320 35623507 34418114 X -216471 -816294 -241883 X 0 1 X 1 0 X 673597 4854926 7873346 1368000 2186480 16956349 673597 4854926 7873346 1368000 2186480 16956349 9131424 7824925 446609 480540 475786 815347 948458 3166740 28272 4308 4479 4675 4875 46609 20169698 0.38800 0.34680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 29003968 2186480 826806 4287934 27729320 27636427 1368000 3833249 3833708 29003968 23790636 4873346 2035211 3062766 27636427 24690937 4854926 659976 6415203 23790636 24019745 669455 2764772 2763035 24690937 0.84790 0.10620 0.04600 0 0 518892 518892 0 11982182 6124220 5857962 1026638 1026637 1 5857963 U.S. GOVERNMENT OBLIGATIONS 4253718 F MUTUAL FUNDS 17942015 F CORPORATE OBLIGATIONS 251100 F EQUITIES 4202181 F 26649014 OTHER LIABILITIES 1004066 1004066 X 3013286 -816294 -31489 -847783 3861069 -23179 -23179 3837890 4287934 210394 210394 4077540 -23179 -23179 4054361 PART III, LINE 1A: THE FOUNDATION'S PERMANENT COLLECTION INCLUDES ART OBJECTS HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS, WHICH HAVE BEEN ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE FOUNDATION'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. NET ASSETS THAT ARE TEMPORARILY RESTRICTED FOR THE ACQUISITION OF ART OBJECTS ARE RELEASED FROM RESTRICTION WHEN USED TO PURCHASE ITEMS FOR THE PERMANENT COLLECTION. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE RECORDED AS INCREASES IN UNRESTRICTED NET ASSETS; HOWEVER, THE COLLECTIONS ARE SUBJECT TO A BOARD POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. PART X, LINE 2: THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. ACCOUNTING STANDARDS REQUIRE THE FOUNDATION TO EVALUATE TAX POSITIONS AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE FOUNDATION HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2015 AND 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE THE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION MAY BE SUBJECT TO AUDIT BY THE INTERNAL REVENUE SERVICE; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. AS OF JUNE 30, 2015, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: OTH REVENUE ON BOOKS NOT INCL 990 -31,489. PART XI, LINE 4B - OTHER ADJUSTMENTS: PASSTHROUGH INVESTMENT INCOME NETTED WITH EXPENSES -23,179. PART XII, LINE 2D - OTHER ADJUSTMENTS: OTH EXPS ON BOOKS NOT INCL 990 210,394. PART XII, LINE 4B - OTHER ADJUSTMENTS: PASSTHROUGH INVESTMENT INCOME NETTED WITH EXPENSES -23,179. 0 ARKANSAS ARTS CENTER PO BOX 2137 LITTLE ROCK AR 72203 710332820 115 2825806 0 FMV N/A THE MISSION OF THE FOUNDATION IS TO SUPPORT THIS ENTITY. 1 0 0 0 0 0 0 0 0 0 TODD HERMAN SECRETARY 0 168096 0 0 0 0 0 0 0 0 0 168096 0 0 WARREN STEPHENS DIRECTOR OF AACF AND OWNERSHIP INTEREST IN STEPHENS INC. 150000 AACF PAID STEPHENS INC FOR INVESTMENT MANAGEMENT FEES. 0 X 133 0 X ENGRAVING DEMONSTRATION KIT 1 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 ROBERT TUCKER, CHAIRMAN OF THE BOARD, WORKS AT STEPHENS INC FOR WARREN STEPHENS, A DIRECTOR OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 CHARLOTTE BRADBURY, DIRECTOR AND SERVES ON THE AAC BOARD. FORM 990, PART VI, SECTION A, LINE 2 MARY ELLEN IRONS, DIRECTOR AND SERVES AS PRESIDENT ON THE AAC BOARD. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WILL BE REVIEWED BY THE INVESTMENT COMMITTEE AND DISCUSSED AMONGST THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C REGULAR BOARD MEETINGS AND DISCLOSURE WITHIN MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE INFORMATION WILL BE MADE AVAILABLE. FORM 990, PART XI, LINE 9: ACQUISITIONS OF WORKS OF ART -210,394. INTEREST INCREASE IN PERPETUAL TRUST -31,489. ARKANSAS ARTS CENTER PO BOX 2137 LITTLE ROCK AR 72203 710332820 MUSEUM AR 115 GOVERMENT ENTITY 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 ARKANSAS ARTS CENTER FOUNDATION GRANTS FUNDS TO THE ARTS B 2825806 COST CENTER ARKANSAS ARTS CENTER FOUNDATION DOES NOT HAVE ANY EMPLOYEES M ALL THE SERVICES PERFORMED FOR THE FOUNDATION ARE PERFORMED BY THE ARTS CENTER EMPLOYEES ARKANSAS ARTS CENTER FOUNDATION DOES NOT HAVE ANY EMPLOYEES N OR A FACILITY IT UTILIZES THE FACILITIES OF THE ARTS CENTER TO CONDUCT ITS OPERATIONS ARKANSAS ARTS CENTER FOUNDATION DOES NOT HAVE ANY EMPLOYEES O ALL THE SERVICES PERFORMED FOR THE FOUNDATION ARE PERFORMED BY THE ARTS CENTER EMPLOYEES