Civic Intelligence

Thea Foundation

990 • Fiscal year 2016 • EIN 52-2356755

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Organization ProfileTHEAFOUNDATION.ORG
401 Main St No 100North Little Rock, AR 72114

(501) 379-3512

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.03x

Higher debt load relative to assets than 23% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

33rd percentile

0.09x

Higher debt load relative to revenue than 33% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

68th percentile

8.7%

Higher net margin than 68% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

38th percentile

$95,125

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

61st percentile

4.6%

Faster asset growth than 61% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

16th percentile

-18%

Faster revenue growth than 16% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$5,197,080

Up $230,621 (+4.6%) from 2015

Net Assets

Up

$5,065,504

Up $231,345 (+4.8%) from 2015

Liabilities

Down

$131,576

Down $724 (-0.5%) from 2015

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin68th percentile

Revenue

Down

$1,515,570

Down $325,589 (-18%) from 2015

Expenses

Down

$1,384,133

Down $22,171 (-1.6%) from 2015

Net Income

Down

$131,437

Down $303,418 (-70%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,880,090Liabilities 2010: $6,511Net Assets 2010: $1,873,5792010Assets 2011: $1,928,568Liabilities 2011: $7,255Net Assets 2011: $1,921,3132011Assets 2012: $2,437,422Liabilities 2012: $14,948Net Assets 2012: $2,422,4742012Assets 2013: $3,074,097Liabilities 2013: $33,962Net Assets 2013: $3,040,1352013Assets 2014: $4,489,044Liabilities 2014: $50,412Net Assets 2014: $4,438,6322014Assets 2015: $4,966,459Liabilities 2015: $132,300Net Assets 2015: $4,834,1592015Assets 2016: $5,197,080Liabilities 2016: $131,576Net Assets 2016: $5,065,5042016Assets 2017: $4,999,699Liabilities 2017: $94,808Net Assets 2017: $4,904,8912017Assets 2019: $5,380,498Liabilities 2019: $60,700Net Assets 2019: $5,319,7982019Assets 2020: $5,177,476Liabilities 2020: $107,152Net Assets 2020: $5,070,3242020Assets 2021: $5,712,592Liabilities 2021: $39,554Net Assets 2021: $5,673,0382021Assets 2022: $5,510,380Liabilities 2022: $59,521Net Assets 2022: $5,450,8592022Assets 2023: $5,762,475Liabilities 2023: $395,996Net Assets 2023: $5,366,4792023Assets 2024: $6,184,325Liabilities 2024: $429,186Net Assets 2024: $5,755,1392024Assets 2025: $6,168,422Liabilities 2025: $356,070Net Assets 2025: $5,812,3522025

Highlighted filing

2016

Assets$5,197,080
Liabilities$131,576
Net Assets$5,065,504
Open 2016 Filing

Operations Trend

Revenue Growth16th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $746,859Expenses 2010: $435,605Net Income 2010: $311,2542010Revenue 2011: $704,402Expenses 2011: $651,738Net Income 2011: $52,6642011Revenue 2012: $1,275,344Expenses 2012: $814,742Net Income 2012: $460,6022012Revenue 2013: $1,544,088Expenses 2013: $959,940Net Income 2013: $584,1482013Revenue 2014: $2,672,810Expenses 2014: $1,273,173Net Income 2014: $1,399,6372014Revenue 2015: $1,841,159Expenses 2015: $1,406,304Net Income 2015: $434,8552015Revenue 2016: $1,515,570Expenses 2016: $1,384,133Net Income 2016: $131,4372016Revenue 2017: $1,070,450Expenses 2017: $1,315,079Net Income 2017: -$244,6292017Revenue 2019: $1,056,553Expenses 2019: $848,457Net Income 2019: $208,0962019Revenue 2020: $813,759Expenses 2020: $865,197Net Income 2020: -$51,4382020Revenue 2021: $676,591Expenses 2021: $774,185Net Income 2021: -$97,5942021Revenue 2022: $954,532Expenses 2022: $727,329Net Income 2022: $227,2032022Revenue 2023: $1,196,723Expenses 2023: $1,014,380Net Income 2023: $182,3432023Revenue 2024: $1,577,523Expenses 2024: $1,068,715Net Income 2024: $508,8082024Revenue 2025: $873,274Expenses 2025: $1,092,132Net Income 2025: -$218,8582025

Highlighted filing

2016

Revenue$1,515,570
Expenses$1,384,133
Net Income$131,437
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$1,666,260
Mission and Program Overview

Mission

To advocate the importance of the arts in the development of our youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,194,076$1,673,888▼ $520,188
Savings and Temporary Cash Investments$536,102$1,354,043▲ $817,941
Land, Buildings, and Equipment, Net$1,042,076$1,020,392▼ $21,684
Pledges and Grants Receivable$772,866$578,135▼ $194,731
Cash and Non-Interest-Bearing Accounts$192,426$445,572▲ $253,146
Accounts Receivable$207,926$100,365▼ $107,561
Prepaid Expenses and Deferred Charges$13,320$14,234▲ $914
Total Assets$4,966,459$5,197,080▲ $230,621
Other Assets Total$7,667$10,451▲ $2,784
Liabilities
Deferred Revenue$97,152$95,512▼ $1,640
Accounts Payable and Accrued Expenses$25,953$33,312▲ $7,359
Other Liabilities$9,195$2,752▼ $6,443
Total Liabilities$132,300$131,576▼ $724
Net Assets / Fund Balance
Unrestricted Net Assets$2,703,497$2,003,969▼ $699,528
Permanently Rstr Net Assets$1,712,567$1,961,836▲ $249,269
Temporarily Rstr Net Assets$418,095$1,099,699▲ $681,604
Total Net Assets Fund Balance$4,834,159$5,065,504▲ $231,345
Total Liabilities and Net Assets / Fund Balance$4,966,459$5,197,080▲ $230,621

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$842,651$243,745-
Land$125,000--
Equipment$52,741$80,437-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,712,567$8,846▲ $244,479-$1,961,836
2015$1,628,861$59,253▲ $27,056-$1,712,567
2014$507,754$1,143,762▲ $7,109-$1,628,861
2013$60,606$442,187▲ $4,961-$507,754
2012$54,548-▲ $6,346-$60,606
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Paul LeopoulosExecutive DirectorFT$95,125$95,125
Nicholas LeopoulosAssistant DirectorFT$54,015$54,015

Board Members and Trustees

NameTitle
Dr Danny FletcherPresident
Michelle BrowningVice President
Clark TrimDirector
Daniel ObersteDirector
Gayla JungmeyerDirector
Gert ClarkDirector
Janet DavisDirector
Joe GriffithDirector
Mia HallDirector
Nancy SteenburgenDirector
Rhonda MckinnisDirector
Robyn HornDirector
Rusty GuerraDirector
Rusty MathisDirector
Sharon HeflinDirector
Sue GaskinDirector
Zach RileyDirector
Andrew ManatosDirector Emeritus
President Bill ClintonDirector Emeritus
Bettie Anne MahonySecretary
Caroline ElliottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,112,285
Program Service Revenue
$480,110
Investment Income
$43,538
Other Revenue
$-120,363
All Other Contributions
$750,493
Change in Net Assets
$131,437

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,507,451
Revenue Not Reported on Financial Statements
$8,119
Revenue Not Reported on Form 990
$250,598
Total Revenue per Audited Statements
$1,758,049
Total Revenue per Form 990
$1,515,570
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$783,634
Salaries, Compensation, and Employee Benefits$535,497
Grants and Similar Amounts Paid$65,002
Total Fundraising Expense$8,884
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$71,755$259,694-$331,449
Current Officers, Directors, Trustees, and Key Employees$32,287$116,853-$149,140
Travel$87,886$8,143-$96,029
Advertising$60,334$9,447-$69,781
Grants to Domestic Individuals$65,002--$65,002
Fees for Services Other$48,546$2,882-$51,428
Fees for Services Accounting-$44,252-$44,252
Payroll Taxes$5,842$30,057-$35,899
All Other Expenses$26,891$6,936-$33,827
Occupancy$18,854$7,891$4,712$31,457
Depreciation Depletion$16,690$6,954$4,172$27,816
Other Employee Benefits$1,632$17,377-$19,009
Other Expenses$13,610$3,321-$13,610
Fees for Service Investment Mgmnt Fees-$8,119-$8,119
Insurance$2,459$5,502-$7,961
Total Functional Expenses$822,184$553,065$8,884$1,384,133

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,526,704
Total Expenses per Form 990$1,384,133
Expenses per Audited Statements$1,376,014
Expenses Not Reported on Form 990$150,690
Expenses Not Reported on Financial Statements$8,119
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$92,257
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Deposits$2,752
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The executive director of thea foundation (paul leopoulos) is the father of the assistant director of thea foundation (nicholas leopoulos).”

Form 990, Part VI, Section B, Line 11B

“Mailed a copy to each board member.”

Form 990, Part VI, Section B, Line 12C

“Thea foundation's bylaws require directors to diclose material facts to the board of directors regarding any actual or potential conflict of interest wihtin a reasonable time after the director becomes aware that a conflict exists, and before any vote is taken on a matter which could be affected by the director's opinions or statements on the issue subject to vote. Moreoever, a director is not allowed to vote on any transaction that may give rise to an actual/potential conflict of interest.”

Form 990, Part VI, Section B, Line 15

“Proposed compensation is compared to similar nonprofit executive directors around the nation with similar years of service and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Thea Foundation
EIN
52-2356755
Phone
5013793512
Address
401 MAIN ST NO 100, NORTH LITTLE ROCK, AR 72114

Signing Officer

Name
Paul Leopoulos
Title
Executive Director
Phone
5013799512
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Leopoulos
Formed
2001
Legal Domicile
Ar
Voting Board Members
13
Independent Board Members
13
Employees
11
Volunteers
0

Preparer

Firm
Egp Pllc
Address
611 MAIN STREET, NORTH LITTLE ROCK, AR 72114-5395
Preparer
Jeff Crone CPA
Phone
5013742910
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The sole intended use of the endowment funds is to provide scholarships for students”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses netted against fundraising income 92,257. Rental expenses netted against rental income 58,433.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses netted against fundraising income 92,257. Rental expenses netted against rental income 58,433.”

Raw XML AppendixShowing 400 of 601 raw XML fields

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IRS990/Desc0THE ARTS RECONSTRUCTION PROGRAM PARTNERS WITH CULTURAL INSTITUTIONS AND ARTS ORGANIZATIONS IN ARKANSAS TO PROVIDE NEW AND AMPLIFY EXISTING ARTS PROGRAMMING WITHIN SCHOOLS.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2195125
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2254015
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22ASSISTANT DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt0361792
IRS990/FundraisingDirectExpensesAmt092257
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt065002
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt065002
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01666260
IRS990/GrossRentsGrp/RealAmt030327
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt05502
IRS990/InsuranceGrp/ProgramServicesAmt02459
IRS990/InsuranceGrp/TotalAmt07961
IRS990/InvestmentIncomeGrp/ExclusionAmt043538
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt043538
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02194076
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01673888
IRS990/IRPDocumentCnt029
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0324182
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01042076
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01020392
IRS990/LandBldgEquipCostOrOtherBssAmt01344574
IRS990/LegalDomicileStateCd0AR
IRS990/LessRentalExpensesGrp/RealAmt058433
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ADVOCATE THE IMPORTANCE OF THE ARTS IN THE DEVELOPMENT OF OUR YOUTH.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04834159
IRS990/NetAssetsOrFundBalancesEOYAmt05065504
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-92257
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-92257
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-28106
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-28106
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt099908
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt04712
IRS990/OccupancyGrp/ManagementAndGeneralAmt07891
IRS990/OccupancyGrp/ProgramServicesAmt018854
IRS990/OccupancyGrp/TotalAmt031457
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07667
IRS990/OtherAssetsTotalGrp/EOYAmt010451
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt017377
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01632
IRS990/OtherEmployeeBenefitsGrp/TotalAmt019009
IRS990/OtherExpensesGrp/Desc0ART SUPPLIES
IRS990/OtherExpensesGrp/Desc1OUTSIDE CONTRACT EXPENS
IRS990/OtherExpensesGrp/Desc2OFFICE SUPPLIES
IRS990/OtherExpensesGrp/Desc3VENUES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025637
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13321
IRS990/OtherExpensesGrp/ProgramServicesAmt0198948
IRS990/OtherExpensesGrp/ProgramServicesAmt1160864
IRS990/OtherExpensesGrp/ProgramServicesAmt210584
IRS990/OtherExpensesGrp/ProgramServicesAmt313610
IRS990/OtherExpensesGrp/TotalAmt0198948
IRS990/OtherExpensesGrp/TotalAmt1186501
IRS990/OtherExpensesGrp/TotalAmt213905
IRS990/OtherExpensesGrp/TotalAmt313610
IRS990/OtherLiabilitiesGrp/BOYAmt09195
IRS990/OtherLiabilitiesGrp/EOYAmt02752
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0259694
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt071755
IRS990/OtherSalariesAndWagesGrp/TotalAmt0331449
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt030057
IRS990/PayrollTaxesGrp/ProgramServicesAmt05842
IRS990/PayrollTaxesGrp/TotalAmt035899
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01712567
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01961836
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0772866
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0578135
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013320
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014234
IRS990/PrincipalOfficerNm0PAUL LEOPOULOS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/Desc0ARTS RECONSTRUCTION
IRS990/ProgramServiceRevenueGrp/Desc1ARKANSAS A+
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0248970
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1231140
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0248970
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1231140
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION AWARDS SCHOLARSHIPS TO HIGH SCHOOL SENIORS ACROSS THE STATE OF ARKANSAS. SCHOLARSHIP CATEGORIES INCLUDE VISUAL ART, PERFORMING ARTS, CREATIVE WRITING, FILMMAKING, AND POETRY SLAM. THE MOTIVATION BEHIND THE SCHOLARSHIP PROGRAM IS TO REWARD HARDWORKING STUDENTS AND TO INSPIRE THEM TO BE CONFIDENT AND AMBITIOUS.
IRS990/ProgSrvcAccomActy2Grp/GrantAmt065002
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ARKANSAS A+ SCHOOLS PROGRAM DEVELOPS AND IMPLEMENTS AN INTERDISCIPLINARY MODEL OF ART INSTRUCTION DESIGNED TO INCORPORATE ART EDUCATION INTO ARKANSAS' STATE MANDATED CURRICULUM. THE PRINCIPLES-BASED PROGRAM OFFERS TRAINING TO SCHOOL FACULTY AND STAFF, AND ENCOMPASSES BOTH DOCTRINAL DEVELOPMENT AND METHODS APPLICATION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0402870
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0231140
IRS990/ProgSrvcAccomActyOtherGrp/Desc0VARIOUS OTHER PROGRAM SERVICES - ART CLOSET, ART ACROSS ARKANSAS, ART DEPARTMENT, RETREATS, AND THEA PAVES THE WAY
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01541943
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt082976
IRS990/PYInvestmentIncomeAmt036444
IRS990/PYOtherExpensesAmt0832793
IRS990/PYOtherRevenueAmt0-77876
IRS990/PYProgramServiceRevenueAmt0340648
IRS990/PYRevenuesLessExpensesAmt0434855
IRS990/PYSalariesCompEmpBnftPaidAmt0490535
IRS990/PYTotalExpensesAmt01406304
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01841159
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0131437
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-28106
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0248970
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0536102
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01354043

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,197,080
Liabilities
$131,576
Net assets
$5,065,504
Revenue
$1,515,570
Expenses
$1,384,133
Net income
$131,437
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.17$0.36$5.81$0.87$1.09$0.22
2024Detailed filing. Detailed filing data is available for this year.$6.18$0.43$5.76$1.58$1.07$0.51
2023Detailed filing. Detailed filing data is available for this year.$5.76$0.40$5.37$1.20$1.01$0.18
2022Detailed filing. Detailed filing data is available for this year.$5.51$0.06$5.45$0.95$0.73$0.23
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.71$0.04$5.67$0.68$0.77$0.10
2020Detailed filing. Detailed filing data is available for this year.$5.18$0.11$5.07$0.81$0.87$0.05
2019Detailed filing. Detailed filing data is available for this year.$5.38$0.06$5.32$1.06$0.85$0.21
2017Detailed filing. Detailed filing data is available for this year.$5.00$0.09$4.90$1.07$1.32$0.24
2016Detailed filing. Detailed filing data is available for this year.$5.20$0.13$5.07$1.52$1.38$0.13
2015Detailed filing. Detailed filing data is available for this year.$4.97$0.13$4.83$1.84$1.41$0.43
2014Detailed filing. Detailed filing data is available for this year.$4.49$0.05$4.44$2.67$1.27$1.40
2013Detailed filing. Detailed filing data is available for this year.$3.07$0.03$3.04$1.54$0.96$0.58
2012Summary only. Only limited summary data is available for this year.$2.44$0.01$2.42$1.28$0.81$0.46
2011Summary only. Only limited summary data is available for this year.$1.93$0.01$1.92$0.70$0.65$0.05
2010Summary only. Only limited summary data is available for this year.$1.88$0.01$1.87$0.75$0.44$0.31