Economics Arkansas Foundation

Address
1400 West Markham Street No 408
Little Rock, AR 72201
Contact
Website: http://www.economicsarkansas.org/ea_foundation/
Phone: +1 (501) 682-4230
Nonprofit
EIN: 81-2176432
Year formed: 2016

Mission

To assist, promote and facilitate, directly and indirectly, the Arkansas Council on Economic Education (dba Economics Arkansas) in the attainment of its goals and objectives in facilitating exposure to economic and financial education for primary and secondary level students and to support and expand its operation.
 2017
Basic features of the organization
Year of formation2016
Subsection code03
PF filing required0
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$5,400.00
Sum of reportable (W2/1099) compensation$5,400.00
Number of employees0
Number of people compensated >$100k0
Number of volunteers6
Number of highly compensated contractors0
Personnel
Dillon, Ray
TitleMember
Name of key/compensated personRay Dillon
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org0.25
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs0.50
Hamilton, Bob
TitleMember
Name of key/compensated personBob Hamilton
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org0.25
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs0.80
Hobbs, Ray
TitlePresident
Name of key/compensated personRay Hobbs
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.60
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs1.60
Kemp, Wes
TitleTreasurer
Name of key/compensated personWes Kemp
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.50
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs1.50
Owens, Sue
TitleExecutive Director
Name of key/compensated personSue Owens
Position of compensated person
Average hours per week working for org5.00
Reportable compensation from org$5,400.00
Other comp, non-reportable, from org and related orgs$3,352.00
Corresponding comp from related orgs
Reportable compensation from related orgs $109,692.00
Average hours per week working for related orgs50.00
Ward, John
TitleMember
Name of key/compensated personJohn Ward
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org0.25
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs0.80
Wooten, Jim
TitleSecretary
Name of key/compensated personJim Wooten
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org1.50
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Average hours per week working for related orgs1.50
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTo assist, promote and facilitate, directly and indirectly, the Arkansas Council on Economic Education (dba Economics Arkansas) in the attainment of its goals and objectives in facilitating exposure to economic and financial education for primary and secondary level students and to support and expand its operation.
Program service expenses, total$5,702.00
Programs, including revenue & expenses
Provide support to the program and operating services of Arkansas Council on Economic Education.
Program expenses$5,702.00
Program descriptionProvide support to the program and operating services of Arkansas Council on Economic Education.
Financial data
Revenue
Total revenue$2,023,892.00
Revenue from contributions (total)$2,000,000.00
Investment income, current yr$23,892.00
Total revenue from grants, etc., current yr$2,000,000.00
Total unrelated business revenue$0.00
Other revenue, current yr$0.00
Net unrelated business taxable revenue$0.00
Gross receipts$2,023,892.00
Sources of contributions
Revenue from all other contributions$2,000,000.00
Other types of revenue
Income from dividends, interest, and similar investments$23,892.00
Expense categories (totals)
Total functional expenses: sum of all$47,910.00
Total functional expenses: program service $5,702.00
Total functional expenses: management and general$8,215.00
Total functional expenses: fundraising$33,993.00
Fees for services
Legal fees (total)$450.00
Fundraising service fees (total)$27,545.00
Assets and liabilities
Total assets$2,102,168.00
Total assets, beginning of year$0.00
Total liabilities$44,933.00
Total liabilities, beginning of year$0.00
Unrestricted net assets, end of yr-$44,933.00
Temporarily restricted net assets$102,168.00
Permanently restricted net assets, end of yr$2,000,000.00
Net assets$2,057,235.00
Net assets, beginning of year$0.00
Other liabilities$44,933.00
Investments: publicly traded securities$1,981,039.00
Cash: non-interest bearing$121,129.00
Other financial variables
Revenue less expenses$1,975,982.00
Total net assets or fund balances$2,057,235.00
Governance and accountability
Number of voting members6
Number of independent voting members6
Financial sheets auditedTrue
Audit on consolidated basisTrue
Accrual accountingTrue
Tax year start date2016-06-01
Tax year end date2017-05-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990
Date e-filing submitted2018-01-09
IRS schema version2016v3.0
Filing identifier201713199349312486
Use these data in your project Benchmark this organization against its peers