Civic Intelligence

Thea Foundation

990 • Fiscal year 2019 • EIN 52-2356755

Jul 01, 2018 to Jun 30, 2019 • Filed on May 14, 2020

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

19th percentile

0.01x

Higher debt load relative to assets than 19% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

26th percentile

0.06x

Higher debt load relative to revenue than 26% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

78th percentile

20%

Higher net margin than 78% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

37th percentile

$95,320

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

52nd percentile

3.7%

Faster asset growth than 52% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2019

Revenue Growth

36th percentile

-0.7%

Faster revenue growth than 36% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2019

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$5,380,498

Up $380,799 (+7.6%) from 2017

Net Assets

Up

$5,319,798

Up $414,907 (+8.5%) from 2017

Liabilities

Down

$60,700

Down $34,108 (-36%) from 2017

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin78th percentile

Revenue

Down

$1,056,553

Down $13,897 (-1.3%) from 2017

Expenses

Down

$848,457

Down $466,622 (-35%) from 2017

Net Income

Up

$208,096

Up $452,725 (+185%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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

2019

Assets$5,380,498
Liabilities$60,700
Net Assets$5,319,798
Open 2019 Filing

Operations Trend

Revenue Growth36th 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

2019

Revenue$1,056,553
Expenses$848,457
Net Income$208,096
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 14, 2020
Return Version
2018v3.1
Gross Receipts
$1,114,268
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$3,030,985$2,491,380▼ $539,605
Land, Buildings, and Equipment, Net$1,294,662$1,274,011▼ $20,651
Savings and Temporary Cash Investments$422,227$1,029,883▲ $607,656
Pledges and Grants Receivable$82,101$284,736▲ $202,635
Cash and Non-Interest-Bearing Accounts$268,716$279,298▲ $10,582
Prepaid Expenses and Deferred Charges$8,151$17,636▲ $9,485
Accounts Receivable$1,290$3,450▲ $2,160
Total Assets$5,108,369$5,380,498▲ $272,129
Other Assets Total$237$104▼ $133
Liabilities
Accounts Payable and Accrued Expenses$49,347$55,548▲ $6,201
Other Liabilities$4,802$5,152▲ $350
Total Liabilities$54,149$60,700▲ $6,551
Net Assets / Fund Balance
Unrestricted Net Assets$2,600,679$2,616,602▲ $15,923
Permanently Rstr Net Assets$2,009,108$2,013,882▲ $4,774
Temporarily Rstr Net Assets$444,433$689,314▲ $244,881
Total Net Assets Fund Balance$5,054,220$5,319,798▲ $265,578
Total Liabilities and Net Assets / Fund Balance$5,108,369$5,380,498▲ $272,129

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,116,517$329,487-
Other Land Buildings$2,586$7,744-
Land$125,000--
Equipment$29,908$49,967-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,989,108---$1,989,108
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
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

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

Board Members and Trustees

NameTitle
Joe GriffithPresident
Trish RobersonVice President
Brad CushmanDirector
Daniel ObersteDirector
Dave HawseyDirector
Gert ClarkDirector
Janet DavisDirector
Joi PryorDirector
Lea MayDirector
Merlina McculloughDirector
Michelle BrowningDirector
ROBERT O'NEALDirector
Sharon HeflinDirector
Andrew ManatosDirector Emeritus
President Bill ClintonDirector Emeritus
Zach RileySecretary
Rusty GuerraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$971,437
Program Service Revenue
$3,450
Investment Income
$70,236
Other Revenue
$11,430
All Other Contributions
$64,262
Change in Net Assets
$208,096

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,056,553
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$104,377
Total Revenue per Audited Statements
$1,160,930
Total Revenue per Form 990
$1,056,553
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$396,545
Salaries, Compensation, and Employee Benefits$373,912
Grants and Similar Amounts Paid$78,000
Total Fundraising Expense$69,215
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$133,456$33,364-$166,820
Other Salaries and Wages$128,723$32,181-$160,904
Advertising$64,573$14,917$15,187$94,677
Grants to Domestic Individuals$78,000--$78,000
Fees for Services Accounting-$43,663-$43,663
Fees for Services Other$38,450$1,231-$39,681
Occupancy$19,606$8,169$4,901$32,676
Payroll Taxes$20,419$5,105-$25,524
Depreciation Depletion$11,705$4,877$2,926$19,508
Other Employee Benefits$14,634$3,659-$18,293
Travel-$7,740$4,733$12,473
Fees for Service Investment Mgmnt Fees-$10,820-$10,820
Insurance$528$6,116$176$6,820
All Other Expenses$2,099$2,005$61$4,165
Information Technology-$3,430-$3,430
Pension Plan Contributions$1,897$474-$2,371
Office Expenses-$2,153-$2,153
Other Expenses$7$1,621$377$2,005
Total Functional Expenses$593,148$186,094$69,215$848,457

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$895,351
Expenses per Audited Statements$848,457
Total Expenses per Form 990$848,457
Expenses Not Reported on Form 990$46,894
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Fundraiser----
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$5,152
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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 co-founder of thea foundation (paul leopoulos) is the father of the executive 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
Nicholas Leopoulos
Title
Executive Director
Phone
5013799512
Signed
2020-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicholas Leopoulos
Formed
2001
Legal Domicile
Ar
Voting Board Members
14
Independent Board Members
14
Employees
5
Volunteers
70

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:

“Rental expenses netted against rental income 57,715. Investment expenses netted against investment income -10,820.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Investment expenses netted against investment income -10,820. Rental expenses netted against rental income 57,714.”

Raw XML AppendixShowing 400 of 589 raw XML fields

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/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/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/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17FORMER EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0422884
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt0484291
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt078000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt078000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01114268
IRS990/GrossRentsGrp/RealAmt063312
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03430
IRS990/InformationTechnologyGrp/TotalAmt03430
IRS990/InsuranceGrp/FundraisingAmt0176
IRS990/InsuranceGrp/ManagementAndGeneralAmt06116
IRS990/InsuranceGrp/ProgramServicesAmt0528
IRS990/InsuranceGrp/TotalAmt06820
IRS990/InvestmentIncomeGrp/ExclusionAmt070236
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt070236
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03030985
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02491380
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0387198
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01294662
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01274011
IRS990/LandBldgEquipCostOrOtherBssAmt01661209
IRS990/LegalDomicileStateCd0AR
IRS990/LessRentalExpensesGrp/RealAmt057715
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/NetAssetsOrFundBalancesBOYAmt05054220
IRS990/NetAssetsOrFundBalancesEOYAmt05319798
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt05597
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05597
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt057482
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt04901
IRS990/OccupancyGrp/ManagementAndGeneralAmt08169
IRS990/OccupancyGrp/ProgramServicesAmt019606
IRS990/OccupancyGrp/TotalAmt032676
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02153
IRS990/OfficeExpensesGrp/TotalAmt02153
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0237
IRS990/OtherAssetsTotalGrp/EOYAmt0104
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03659
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014634
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018293
IRS990/OtherExpensesGrp/Desc0ART SUPPLIES
IRS990/OtherExpensesGrp/Desc1EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc2CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc3POSTAGE
IRS990/OtherExpensesGrp/FundraisingAmt040854
IRS990/OtherExpensesGrp/FundraisingAmt1377
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0241
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11015
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23313
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31621
IRS990/OtherExpensesGrp/ProgramServicesAmt071628
IRS990/OtherExpensesGrp/ProgramServicesAmt17423
IRS990/OtherExpensesGrp/ProgramServicesAmt27
IRS990/OtherExpensesGrp/TotalAmt071869
IRS990/OtherExpensesGrp/TotalAmt149292
IRS990/OtherExpensesGrp/TotalAmt23313
IRS990/OtherExpensesGrp/TotalAmt32005
IRS990/OtherLiabilitiesGrp/BOYAmt04802
IRS990/OtherLiabilitiesGrp/EOYAmt05152
IRS990/OtherRevenueMiscGrp/BusinessCd0711300
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt05833
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05833
IRS990/OtherRevenueTotalAmt05833
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt032181
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0128723
IRS990/OtherSalariesAndWagesGrp/TotalAmt0160904
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05105
IRS990/PayrollTaxesGrp/ProgramServicesAmt020419
IRS990/PayrollTaxesGrp/TotalAmt025524
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0474
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01897
IRS990/PensionPlanContributionsGrp/TotalAmt02371
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02009108
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02013882
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt082101
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0284736
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08151
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017636
IRS990/PrincipalOfficerNm0NICHOLAS LEOPOULOS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/Desc0ARTS RECONSTRUCTION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03450
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/ExpenseAmt078000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt078000
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/ExpenseAmt0515148
IRS990/ProgSrvcAccomActyOtherGrp/Desc0VARIOUS OTHER PROGRAM SERVICES - ART CLOSET, ART ACROSS ARKANSAS, ART DEPARTMENT, RETREATS, AND THEA PAVES THE WAY
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0571724
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt015000
IRS990/PYInvestmentIncomeAmt040387
IRS990/PYOtherExpensesAmt0237147
IRS990/PYOtherRevenueAmt0-46088
IRS990/PYProgramServiceRevenueAmt02561
IRS990/PYRevenuesLessExpensesAmt0118083
IRS990/PYSalariesCompEmpBnftPaidAmt0198354
IRS990/PYTotalExpensesAmt0450501
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0568584
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0208096
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05597
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03450
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0422227
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01029883
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0952549
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0605426
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01592395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01924429
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02733461
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07808260
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0133548
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0112555
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt043538
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt056534
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt037337
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0383512
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0455313
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95320

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,380,498
Liabilities
$60,700
Net assets
$5,319,798
Revenue
$1,056,553
Expenses
$848,457
Net income
$208,096
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