Civic Intelligence

Thea Foundation

990 • Fiscal year 2017 • EIN 52-2356755

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

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

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

48th percentile

0.09x

Higher debt load relative to revenue than 48% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

12th percentile

-23%

Higher net margin than 12% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

67th percentile

$95,320

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

23rd percentile

-3.8%

Faster asset growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

9th percentile

-29%

Faster revenue growth than 9% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$4,999,699

Down $197,381 (-3.8%) from 2016

Net Assets

Down

$4,904,891

Down $160,613 (-3.2%) from 2016

Liabilities

Down

$94,808

Down $36,768 (-28%) from 2016

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin12th percentile

Revenue

Down

$1,070,450

Down $445,120 (-29%) from 2016

Expenses

Down

$1,315,079

Down $69,054 (-5.0%) from 2016

Net Income

Down

-$244,629

Down $376,066 (-286%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth23rd 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

2017

Assets$4,999,699
Liabilities$94,808
Net Assets$4,904,891
Open 2017 Filing

Operations Trend

Revenue Growth9th 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

2017

Revenue$1,070,450
Expenses$1,315,079
Net Income-$244,629
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$1,174,194
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$1,673,888$1,983,973▲ $310,085
Land, Buildings, and Equipment, Net$1,020,392$1,329,396▲ $309,004
Savings and Temporary Cash Investments$1,354,043$958,146▼ $395,897
Cash and Non-Interest-Bearing Accounts$445,572$423,416▼ $22,156
Pledges and Grants Receivable$578,135$249,984▼ $328,151
Accounts Receivable$100,365$37,050▼ $63,315
Prepaid Expenses and Deferred Charges$14,234$6,533▼ $7,701
Total Assets$5,197,080$4,999,699▼ $197,381
Other Assets Total$10,451$11,201▲ $750
Liabilities
Accounts Payable and Accrued Expenses$33,312$53,360▲ $20,048
Deferred Revenue$95,512$38,321▼ $57,191
Other Liabilities$2,752$3,127▲ $375
Total Liabilities$131,576$94,808▼ $36,768
Net Assets / Fund Balance
Unrestricted Net Assets$2,003,969$2,413,656▲ $409,687
Permanently Rstr Net Assets$1,961,836$1,989,108▲ $27,272
Temporarily Rstr Net Assets$1,099,699$502,127▼ $597,572
Total Net Assets Fund Balance$5,065,504$4,904,891▼ $160,613
Total Liabilities and Net Assets / Fund Balance$5,197,080$4,999,699▼ $197,381

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,172,008$273,996-
Other Land Buildings$0$6,750-
Land$125,000--
Equipment$32,388$86,250-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,961,836$27,272--$1,989,108
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
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Paul LeopoulosExecutive DirectorFT$95,320$95,320
Nick LeopoulosAssistant DirectorFT$71,500$71,500

Board Members and Trustees

NameTitle
Michelle BrowningPresident
Joe GriffithVice President
Clark TrimDirector
Daniel ObersteDirector
Dr Danny FletcherDirector
Gert ClarkDirector
Janet DavisDirector
Mia HallDirector
Nancy SteenburgenDirector
Rhonda MckinnisDirector
Rusty GuerraDirector
Sharon HeflinDirector
Andrew ManatosDirector Emeritus
President Bill ClintonDirector Emeritus
Zach RileySecretary
Caroline ElliottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$605,426
Program Service Revenue
$452,690
Investment Income
$52,430
Other Revenue
$-40,096
All Other Contributions
$445,569
Change in Net Assets
$-244,629

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,060,713
Revenue Not Reported on Financial Statements
$9,737
Revenue Not Reported on Form 990
$187,760
Total Revenue per Audited Statements
$1,248,473
Total Revenue per Form 990
$1,070,450
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$731,606
Salaries, Compensation, and Employee Benefits$500,638
Grants and Similar Amounts Paid$82,835
Total Fundraising Expense$68,642
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$225,959$25,420$31,070$282,449
Current Officers, Directors, Trustees, and Key Employees$133,456$15,014$18,350$166,820
Fees for Services Other$145,146--$145,146
Travel$85,408--$85,408
Grants to Domestic Individuals$82,835--$82,835
Advertising$78,405--$78,405
Occupancy$36,540$15,225$9,135$60,900
Fees for Services Accounting-$35,200-$35,200
Payroll Taxes$26,451$2,976$3,637$33,064
Depreciation Depletion$17,746$7,394$4,436$29,576
Other Employee Benefits$14,644$1,647$2,014$18,305
Office Expenses$8,555$2,641-$11,196
Insurance$6,835$3,027-$9,862
Fees for Service Investment Mgmnt Fees-$9,737-$9,737
All Other Expenses$5,359$2,998-$8,357
Other Expenses$5,611$262-$5,873
Information Technology$3,852$221-$4,073
Total Functional Expenses$1,114,835$131,602$68,642$1,315,079

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,409,086
Total Expenses per Form 990$1,315,079
Expenses per Audited Statements$1,305,342
Expenses Not Reported on Form 990$103,744
Expenses Not Reported on Financial Statements$9,737
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$48,554
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Fundraiser$159,857-$29,277-
Total Events$159,857-$48,554$-48,554
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$3,127
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Leopoulos
Formed
2001
Legal Domicile
Ar
Voting Board Members
14
Independent Board Members
14
Employees
9
Volunteers
115

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees - consulting: program service expenses 34,052. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,052. Outside contract services: program service expenses 88,661. Management and general expenses 0. Fundraising expenses 0. Total expenses 88,661. Professional fees - other: program service expenses 22,433. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,433.”

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 48,554. Rental expenses netted against rental income 55,190.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses netted against fundraising income 48,554. Rental expenses netted against rental income 55,190.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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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/TitleTxt0DIRECTOR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASSISTANT DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0159857
IRS990/FundraisingDirectExpensesAmt048554
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt082835
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt082835
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01174194
IRS990/GrossRentsGrp/RealAmt061025
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0221
IRS990/InformationTechnologyGrp/ProgramServicesAmt03852
IRS990/InformationTechnologyGrp/TotalAmt04073
IRS990/InsuranceGrp/ManagementAndGeneralAmt03027
IRS990/InsuranceGrp/ProgramServicesAmt06835
IRS990/InsuranceGrp/TotalAmt09862
IRS990/InvestmentIncomeGrp/ExclusionAmt052430
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt052430
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01673888
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01983973
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0366996
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01020392
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01329396
IRS990/LandBldgEquipCostOrOtherBssAmt01696392
IRS990/LegalDomicileStateCd0AR
IRS990/LessRentalExpensesGrp/RealAmt055190
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/NetAssetsOrFundBalancesBOYAmt05065504
IRS990/NetAssetsOrFundBalancesEOYAmt04904891
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-48554
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-48554
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt05835
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05835
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt084016
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt09135
IRS990/OccupancyGrp/ManagementAndGeneralAmt015225
IRS990/OccupancyGrp/ProgramServicesAmt036540
IRS990/OccupancyGrp/TotalAmt060900
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02641
IRS990/OfficeExpensesGrp/ProgramServicesAmt08555
IRS990/OfficeExpensesGrp/TotalAmt011196
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010451
IRS990/OtherAssetsTotalGrp/EOYAmt011201
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02014
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01647
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014644
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018305
IRS990/OtherExpensesGrp/Desc0ART SUPPLIES
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/Desc3PRINTING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09840
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1262
IRS990/OtherExpensesGrp/ProgramServicesAmt0154825
IRS990/OtherExpensesGrp/ProgramServicesAmt183208
IRS990/OtherExpensesGrp/ProgramServicesAmt25611
IRS990/OtherExpensesGrp/TotalAmt0154825
IRS990/OtherExpensesGrp/TotalAmt183208
IRS990/OtherExpensesGrp/TotalAmt29840
IRS990/OtherExpensesGrp/TotalAmt35873
IRS990/OtherLiabilitiesGrp/BOYAmt02752
IRS990/OtherLiabilitiesGrp/EOYAmt03127
IRS990/OtherRevenueMiscGrp/BusinessCd0711300
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02623
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02623
IRS990/OtherRevenueTotalAmt02623
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt031070
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt025420
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0225959
IRS990/OtherSalariesAndWagesGrp/TotalAmt0282449
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03637
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02976
IRS990/PayrollTaxesGrp/ProgramServicesAmt026451
IRS990/PayrollTaxesGrp/TotalAmt033064
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01961836
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01989108
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0578135
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0249984
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014234
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06533
IRS990/PrincipalOfficerNm0PAUL LEOPOULOS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/BusinessCd2711300
IRS990/ProgramServiceRevenueGrp/Desc0ARKANSAS A+
IRS990/ProgramServiceRevenueGrp/Desc1ARTS RECONSTRUCTION
IRS990/ProgramServiceRevenueGrp/Desc2THEA PAVES THE WAY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0448190
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0448190
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21500
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/ExpenseAmt082835
IRS990/ProgSrvcAccomActy2Grp/GrantAmt082835
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/ExpenseAmt0958042
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0448190
IRS990/ProgSrvcAccomActyOtherGrp/Desc0VARIOUS OTHER PROGRAM SERVICES - ART CLOSET, ART ACROSS ARKANSAS, ART DEPARTMENT, RETREATS, AND THEA PAVES THE WAY
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt04123
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01112285
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt065002
IRS990/PYInvestmentIncomeAmt043538
IRS990/PYOtherExpensesAmt0783634
IRS990/PYOtherRevenueAmt0-120363
IRS990/PYProgramServiceRevenueAmt0480110
IRS990/PYRevenuesLessExpensesAmt0131437
IRS990/PYSalariesCompEmpBnftPaidAmt0535497
IRS990/PYTotalExpensesAmt01384133
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01515570
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-244629
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05835
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03000
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01354043
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0958146
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0605426
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01592395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01924429
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02733461
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01583308
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08439019
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0112555
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt043538
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt056534
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt037337
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt044041
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0294005
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0455313

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,999,699
Liabilities
$94,808
Net assets
$4,904,891
Revenue
$1,070,450
Expenses
$1,315,079
Net income
-$244,629
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