ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC (EIN 71-0489924)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-02-18
- IRS object ID
- 201400499349301270
- Schema version
- 2012v2.3
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-02-18T13:53:51-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JONES & COMPANY LTD | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 SOUTHWEST DR | AddressLine1 |
| City | JONESBORO | City |
| State | AR | State |
| ZIP Code | 724015858 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 710489924 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARKANSAS STATE UNIVERSITY | BusinessNameLine1 |
| Business Name Line2 | FOUNDATION | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ARKA | NameControl |
| Phone | 8709722775 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1990 | AddressLine1 |
| City | STATE UNIVERSITY | City |
| State | AR | State |
| ZIP Code | 72467 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PHILIP JACKSON | Name |
| Title | TREASURER | Title |
| Phone | 8709722775 | Phone |
| Date Signed | 2014-02-07 | DateSigned |
| Authorize Third Party | false | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CHERYL DEEN CPA | Name |
| Phone | 8709352871 | Phone |
| Date Prepared | 2014-02-18 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | PHILIP JACKSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1990 | AddressLine1 |
| City | STATE UNIVERSITY | City |
| State | AR | State |
| ZIP Code | 72467 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 8091715 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.ASTATEFOUNDATION.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1977 | YearFormation |
| State Legal Domicile | AR | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 19 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 21 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 3564263 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 5933830 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 840196 | InvestmentIncomePriorYear |
| Investment Income Current Year | 911522 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 956889 | OtherRevenuePriorYear |
| Other Revenue Current Year | 743827 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 5361348 | TotalRevenuePriorYear |
| Total Revenue Current Year | 7589179 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 336695 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 325437 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 401273 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1282088 | OtherExpensePriorYear |
| Other Expenses Current Year | 1416860 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1618783 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1742297 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3742565 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5846882 | RevenuesLessExpensesCY |
| Total Assets BOY | 49610857 | TotalAssetsBOY |
| Total Assets EOY | 55659186 | TotalAssetsEOY |
| Total Liabilities BOY | 9397759 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 10089497 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 40213098 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 45569689 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 642184 | Expense |
| Description | PROGRAM TITLE: ASU ACADEMIC SUPPORT THE 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. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 129658 | Expense |
| Description | PROGRAM TITLE: ADMINISTRATIVE SUPPORT THE 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. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 50934 | Expense |
| Description | PROGRAM TITLE: ASU STUDENT SUPPORT THE 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 ARE MADE BY WAY OF TRANSFERS TO ARKANSAS STATE UNIVERSITY. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 822776 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | true | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | true | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 19 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | false | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | AR | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | PHILIP JACKSON | NamePerson |
| Telephone Number | 8709722775 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1990 | AddressLine1 |
| City | STATE UNIVERSITY | City |
| State | AR | State |
| ZIP Code | 724671990 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| STEVE OWENS | ||||||
| PRESIDENT & | 30.00 | X | X | 0 | 132103 | 36260 |
| BOBBY CALDWELL | ||||||
| CHAIR | 1.00 | X | 0 | 0 | 0 | |
| BOB EARWOOD | ||||||
| IMMEDIATE PA | 1.00 | X | 0 | 0 | 0 | |
| JOE MILES | ||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | |
| RANDALL POPE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| KEN BENNETT | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DOUG COY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| THOM BEASLEY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| HAZEL DICKEY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JUDIOUS LEWIS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| GARY PUGH | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ROGER POHLNER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CHARLES WELCH | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| NESS SECHREST | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MELISSA LIVINGSTON | ||||||
| BOARD LIASON | 1.00 | X | 0 | 0 | 0 | |
| DON WINTON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CHARLOTTE RAZER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| HERMAN STRICKLAND JR | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| PHILIP JACKSON | ||||||
| TREASURER | 40.00 | X | 0 | 92900 | 24157 | |
| PAM KAIL | ||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp Frm Rltd Orgs | 225003 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 60417 | TotalOtherCompensation |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| All Other Contributions | 5933830 | AllOtherContributions |
| Noncash Contributions | 1333376 | NoncashContributions |
| Total Contributions | 5933830 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 893498 | TotalRevenueColumn |
| Exclusion | $893,498 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 520560 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 502536 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 18024 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 18024 | TotalRevenueColumn |
| Related Or Exempt Function Income | 18024 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER REVENUE | Description |
| Total Revenue Column | 743827 | TotalRevenueColumn |
| Exclusion | $743,827 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 743827 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7589179 | TotalRevenueColumn |
| Related Or Exempt Function Income | 18024 | RelatedOrExemptFunctionIncome |
| Exclusion | $1,637,325 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 248104 | Total |
| Management And General | 248104 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77333 | Total |
| Management And General | 77333 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31603 | Total |
| Program Services | 878 | ProgramServices |
| Management And General | 30725 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10708 | Total |
| Program Services | 10708 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54579 | Total |
| Program Services | 7829 | ProgramServices |
| Fundraising | 46750 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19746 | Total |
| Program Services | 5459 | ProgramServices |
| Management And General | 10516 | ManagementAndGeneral |
| Fundraising | 3771 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10128 | Total |
| Program Services | 216 | ProgramServices |
| Management And General | 9912 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67916 | Total |
| Program Services | 28779 | ProgramServices |
| Management And General | 6906 | ManagementAndGeneral |
| Fundraising | 32231 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8905 | Total |
| Program Services | 7998 | ProgramServices |
| Management And General | 382 | ManagementAndGeneral |
| Fundraising | 525 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 594 | Total |
| Program Services | 526 | ProgramServices |
| Management And General | 68 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63477 | Total |
| Program Services | 8504 | ProgramServices |
| Management And General | 54973 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26148 | Total |
| Program Services | 1375 | ProgramServices |
| Management And General | 13699 | ManagementAndGeneral |
| Fundraising | 11074 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| OTHER EXPENSES | 367757 | 366753 | 1004 | |
| SUPPLIES | 271298 | 158566 | 16499 | 96233 |
| BUSINESS MEALS & ENTERTAI | 124551 | 54127 | 4691 | 65733 |
| HONORARIUM & CONTRACT SER | 83593 | 15429 | 68164 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 275857 | Total |
| Program Services | 155629 | ProgramServices |
| Management And General | 43436 | ManagementAndGeneral |
| Fundraising | 76792 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1742297 | Total |
| Program Services | 822776 | ProgramServices |
| Management And General | 518248 | ManagementAndGeneral |
| Fundraising | 401273 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 255258 | BOY |
| EOY | 292983 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6938692 | BOY |
| EOY | 8915701 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1460664 | BOY |
| EOY | 1442071 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6121 | BOY |
| EOY | 10269 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1458346 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 392530 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1106514 | BOY |
| EOY | 1065816 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39707885 | BOY |
| EOY | 43435682 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 128223 | BOY |
| EOY | 485789 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7500 | BOY |
| EOY | 10875 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49610857 | BOY |
| EOY | 55659186 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38000 | BOY |
| EOY | 81643 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21423 | BOY |
| EOY | 4053 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9338336 | BOY |
| EOY | 10003801 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9397759 | BOY |
| EOY | 10089497 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2436225 | BOY |
| EOY | 2461558 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5873738 | BOY |
| EOY | 8556041 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31903135 | BOY |
| EOY | 34552090 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40213098 | BOY |
| EOY | 45569689 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49610857 | BOY |
| EOY | 55659186 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 5846882 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 2045750 | ReconciliationUnrealizedInvest |
| Reconcilation Donated Services | 355876 | ReconcilationDonatedServices |
| Reconcilation Other Changes | -2891917 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 13092873 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 5165342 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3613414 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3564263 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5933830 | CurrentTaxYear |
| Total | 31369722 | Total |
Value Srvc Fclts Furnished By Govt ValueSrvcFcltsFurnishedByGovt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 472475 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 377978 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 402622 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 340266 | CurrentTaxYearMinus1Year |
| Current Tax Year | 355876 | CurrentTaxYear |
| Total | 1949217 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 13565348 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 5543320 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4016036 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3904529 | CurrentTaxYearMinus1Year |
| Current Tax Year | 6289706 | CurrentTaxYear |
| Total | 33318939 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 12940302 | AmountsSubstContributorsTotal |
| Public Support Total170 | 20378637 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 779134 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 742850 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 809701 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 855074 | CurrentTaxYearMinus1Year |
| Current Tax Year | 893498 | CurrentTaxYear |
| Total | 4080257 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1232329 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 897405 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 699441 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 956889 | CurrentTaxYearMinus1Year |
| Current Tax Year | 743827 | CurrentTaxYear |
| Total | 4529891 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 41929087 | TotalSupport |
| Public Support Pertcentage170 | 0.48600 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.48040 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 31903135 | BeginningOfYearBalance |
| Contributions | 1138421 | Contributions |
| Investment Earnings Or Losses | 2833287 | InvestmentEarningsOrLosses |
| Other Expenditures | 1322753 | OtherExpenditures |
| End Of Year Balance | 34552090 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 31964326 | BeginningOfYearBalance |
| Contributions | 762803 | Contributions |
| Investment Earnings Or Losses | 1486 | InvestmentEarningsOrLosses |
| Other Expenditures | 825480 | OtherExpenditures |
| End Of Year Balance | 31903135 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 29030722 | BeginningOfYearBalance |
| Contributions | 513738 | Contributions |
| Investment Earnings Or Losses | 3268875 | InvestmentEarningsOrLosses |
| Other Expenditures | 849009 | OtherExpenditures |
| End Of Year Balance | 31964326 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 25076402 | BeginningOfYearBalance |
| Contributions | 461217 | Contributions |
| Investment Earnings Or Losses | 4046843 | InvestmentEarningsOrLosses |
| Other Expenditures | 553740 | OtherExpenditures |
| End Of Year Balance | 29030722 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 32342698 | BeginningOfYearBalance |
| Contributions | 514499 | Contributions |
| Investment Earnings Or Losses | -7032106 | InvestmentEarningsOrLosses |
| Other Expenditures | 748689 | OtherExpenditures |
| End Of Year Balance | 25076402 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00950 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.99050 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 110093 | OtherCostOrOtherBasis |
| Book Value | 110093 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1088150 | OtherCostOrOtherBasis |
| Depreciation | 220350 | Depreciation |
| Book Value | 867800 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 260103 | OtherCostOrOtherBasis |
| Depreciation | 172180 | Depreciation |
| Book Value | 87923 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1065816 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| AMOUNTS HELD ON BEHALF OF ASU | $9,892,101 |
| ANNUITIES PAYABLE | $111,700 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 10003801 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 9990805 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 2045750 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 355876 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 2401626 | RevenueNotRptdF990 |
| Revenue Subtotal | 7589179 | RevenueSubtotal |
| Total Revenue Per Form990 | 7589179 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 4634214 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 2891917 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 2891917 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1742297 | ExpensesSubtotal |
| Total Expenses Per Form990 | 1742297 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| INTENDED USES FOR ENDOWMENT FUNDS | SCHEDULE D, PAGE 2, 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: ENOWMENT FUNDS ARE INTENDED TO BE KEPT IN PERPITUITY TO PROVIDE INCOME FOR SUPPORT OF VARIOUS ACADEMIC FUNCTIONS WITH MEMBERS CAMPUSES OF THE ASU SYSTEM. |
| EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER | SCHEDULE D, PAGE 4, PART XII, LINE 2D | TRANSFERS TO ASU 2,888,267 TRANSFERS TO THE ALUMNI ASSOCIATION 2,192 TRANSFERS TO THE RED WOLF CLUB 1,458 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | STEVE OWENS | NamePerson |
| Title | PRESIDENT & CEO | Title |
| Comp Based On Related Orgs | 132103 | CompBasedOnRelatedOrgs |
| Deferred Comp Related Orgs | 36260 | DeferredCompRelatedOrgs |
| Total Compensation Related Orgs | 168363 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Related Orgs | 183718 | CompReportPrior990RelatedOrgs |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 14 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 643700 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Art Historical Treasures ArtHistoricalTreasures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 155 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 105200 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 400 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 5 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 373720 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | STOCK MARKET | MethodOfDeterminingRevenues |
Real Estate Residential RealEstateResidential
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 100000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | FUNDRAISING ITE | 189 | 28284 | FAIR MARKET VALUE |
| X | ADVERTISING SER | 13 | 61198 | FAIR MARKET VALUE |
| X | EQ. & BLDG. REN | 2 | 10750 | FAIR MARKET VALUE |
| X | LIVESTOCK & SUP | 6 | 10124 | FAIR MARKET VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S MISSION | FORM 990 - ORGANIZATION'S MISSION | 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. |
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | FORM 990, PAGE 6, PART VI, LINE 11B | A COPY OF THE FORM 990 WAS REVIEWD BY THE TREASURER AND AUDIT COMMITTEE OF THE EXEMPT ORGANIZATION BEFORE THE RETURN WAS FILED. |
| ENFORCEMENT OF CONFLICTS POLICY | FORM 990, PAGE 6, PART VI, LINE 12C | AT 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. |
| COMPENSATION PROCESS FOR TOP OFFICIAL | FORM 990, PAGE 6, PART VI, LINE 15A | THE 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. |
| GOVERNING DOCUMENTS DISCLOSURE EXPLANATION | FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION'S POLICY DOCUMENTS AND FINANCIAL STATMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. |
| OTHER EXPENSES | FORM 990, PART IX, LINE 24E | EQUIPMENT RENTAL 9,587 2,500 34,024 EMPLOYEE AWARD 29,898 0 0 MUSIC PERFORMANCE 14,636 0 14,928 CONTRIBUTIONS & GRANTS 28,014 25 1,140 SPECIAL EVENTS 5,291 0 21,382 REPAIRS & MAINTENANCE 3,374 22,849 53 DUES & MEMBERSHIPS 16,626 1,041 0 FLORIST 8,286 1,011 2,215 STUDENT AWARDS 7,812 0 0 EXHIBIT AWARDS 7,762 0 0 CREDIT CARD FEES 0 7,577 30 SCHOLARSHIPS 6,350 0 0 STUDENT INTERNSHIPS 6,000 0 0 TELEPHONE 0 4,663 0 TRAINING & DEVELOPMENT 300 3,704 0 EMERGENCY ASSISTANCE 3,485 0 0 STUDENT STIPENDS 3,475 0 0 APPRAISAL SERVICES 2,750 0 0 DONOR ACKNOWLEDGEMENT 0 0 2,625 FACULTY AWARD 1,751 0 0 TAXES & LICENSES 0 66 395 EXHIBIT SUPPLIES 200 0 0 HOSPITALITY 32 0 0 |
| RECONCILIATION OF CHANGES - OTHER | FORM 990, PART XI, LINE 9 | TRANSFERS TO ASU -2,888,267 TRANSFERS TO THE ALUMNI ASSOCIATION -2,192 TRANSFERS TO THE RED WOLF CLUB -1,458 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (6 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg | Public Charity StatusPublicCharityStatus |
|---|---|---|---|---|---|---|---|---|---|---|
| ASU - JONESBORO | ||||||||||
| 2105 EAST AGGIE | JONESBORO | AR | 72401 | 716000556 | EDUCATIONA | AR | 115A | N/A | false | |
| ASU - BEEBE | ||||||||||
| 1000 IOWA ST | BEEBE | AR | 72012 | 710421333 | EDUCATIONA | AR | 115A | N/A | false | |
| ASU - MOUNTAIN HOME | ||||||||||
| 1600 SOUTH COLLEGE | MOUNTAIN HOME | AR | 72653 | 621687591 | EDUCATIONA | AR | 115A | N/A | false | |
| ASU - NEWPORT | ||||||||||
| 7648 VICTORY BLVD | NEWPORT | AR | 72112 | 710855933 | EDUCATIONA | AR | 115A | N/A | false | |
| ASU ALUMNI ASSOCIATION INC | ||||||||||
| 2600 ALUMNI BLVD | JONESBORO | AR | 72401 | 581723646 | ALUMNI | AR | 501C7 | N/A | false | |
| ASU RED WOLF CLUB INC | ||||||||||
| 1000 OPLYMPIC DR | JONESBORO | AR | 72401 | 710526367 | BOOSTER | AR | 501C3 | N/A | false | 5 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | false | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (6 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| ASU - JONESBORO | ||
| B | 2536750 | CASH |
| ASU - BEEBE | ||
| B | 36078 | CASH |
| ASU - MOUNTAIN HOME | ||
| B | 207765 | CASH |
| ASU - NEWPORT | ||
| B | 107674 | CASH |
| ASU ALUMNI ASSOCIATION INC | ||
| B | 2192 | CASH |
| ASU RED WOLF CLUB INC | ||
| B | 1458 | CASH |
Comments