Civic Intelligence

Thea Foundation

990 • Fiscal year 2020 • EIN 52-2356755

Jul 01, 2019 to Jun 30, 2020 • Filed on May 12, 2021

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

22nd percentile

0.02x

Higher debt load relative to assets than 22% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

36th percentile

0.13x

Higher debt load relative to revenue than 36% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

24th percentile

-6.3%

Higher net margin than 24% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

35th percentile

$89,328

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 11.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

15th percentile

-3.8%

Faster asset growth than 15% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

18th percentile

-23%

Faster revenue growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Down

$5,177,476

Down $203,022 (-3.8%) from 2019

Net Assets

Down

$5,070,324

Down $249,474 (-4.7%) from 2019

Liabilities

Up

$107,152

Up $46,452 (+77%) from 2019

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin24th percentile

Revenue

Down

$813,759

Down $242,794 (-23%) from 2019

Expenses

Up

$865,197

Up $16,740 (+2.0%) from 2019

Net Income

Down

-$51,438

Down $259,534 (-125%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2020

Assets$5,177,476
Liabilities$107,152
Net Assets$5,070,324
Open 2020 Filing

Operations Trend

Revenue Growth18th 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

2020

Revenue$813,759
Expenses$865,197
Net Income-$51,438
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 12, 2021
Return Version
2019v5.2
Gross Receipts
$2,443,300
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$2,491,380$2,693,010▲ $201,630
Land, Buildings, and Equipment, Net$1,274,011$1,236,420▼ $37,591
Savings and Temporary Cash Investments$1,029,883$885,751▼ $144,132
Cash and Non-Interest-Bearing Accounts$279,298$208,257▼ $71,041
Pledges and Grants Receivable$284,736$125,066▼ $159,670
Prepaid Expenses and Deferred Charges$17,636$22,969▲ $5,333
Accounts Receivable$3,450$5,316▲ $1,866
Total Assets$5,380,498$5,177,476▼ $203,022
Other Assets Total$104$687▲ $583
Liabilities
Other Liabilities$5,152$62,544▲ $57,392
Accounts Payable and Accrued Expenses$55,548$44,608▼ $10,940
Total Liabilities$60,700$107,152▲ $46,452
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,703,196$2,753,038▲ $49,842
Net Assets Without Donor Restrictions$2,616,602$2,317,286▼ $299,316
Total Net Assets Fund Balance$5,319,798$5,070,324▼ $249,474
Total Liabilities and Net Assets / Fund Balance$5,380,498$5,177,476▼ $203,022

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,079,523$366,481-
Other Land Buildings$8,455$3,570-
Land$125,000--
Equipment$23,442$38,735-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,989,108-▲ $23,929-$2,013,037
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
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nick LeopoulosExecutive DirectorFT$81,500$7,828$89,328

Board Members and Trustees

NameTitle
Joe GriffithPresident
Trish RobersonVice President
Brad CushmanDirector
Daniel ObersteDirector
Dave HawseyDirector
Gert ClarkDirector
Janet DavisDirector
Joi PryorDirector
Lea MayDirector
Marilyn ZornikDirector
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
$560,854
Program Service Revenue
$7,675
Investment Income
$240,022
Other Revenue
$5,208
All Other Contributions
$168,772
Change in Net Assets
$-51,438

Audited Revenue Reconciliation

Revenue per Audited Statements
$813,759
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-138,074
Total Revenue per Audited Statements
$675,685
Total Revenue per Form 990
$813,759
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$401,453
Salaries, Compensation, and Employee Benefits$371,919
Grants and Similar Amounts Paid$91,825
Total Fundraising Expense$32,259
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$136,984$34,247-$171,231
Current Officers, Directors, Trustees, and Key Employees$122,400$30,600-$153,000
Advertising$108,971$29,446$13,898$152,315
Grants to Domestic Individuals$91,825--$91,825
Fees for Services Accounting$27,000$45,389-$72,389
Occupancy$20,497$8,541$5,124$34,162
Payroll Taxes$19,480$4,871-$24,351
Depreciation Depletion$12,376$5,156$3,094$20,626
Other Employee Benefits$12,984$3,245-$16,229
Fees for Services Other$13,650$1,325-$14,975
Information Technology-$13,915-$13,915
Pension Plan Contributions$5,688$1,420-$7,108
Insurance$552$6,206-$6,758
All Other Expenses$404$3,734-$4,138
Other Expenses$18$2,545$95$2,658
Office Expenses-$2,508-$2,508
Travel-$1,758-$1,758
Interest-$154-$154
Total Functional Expenses$632,835$200,103$32,259$865,197

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$925,159
Expenses per Audited Statements$865,197
Total Expenses per Form 990$865,197
Expenses Not Reported on Form 990$59,962
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$277,478---
Total Events$277,478---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$57,392
Lease Deposits$5,152
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
2021-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicholas Leopoulos
Formed
2001
Legal Domicile
Ar
Voting Board Members
15
Independent Board Members
15
Employees
6
Volunteers
34

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 X, LINE 2:

“The foundation has been granted tax-exempt status as provided by the united states government under section 501(c)(3) of the internal revenue code. Financial accounting standards board ("fasb") accounting standards codification ("asc") 740, income taxes requires certain disclosures about uncertain income tax positions. When tax returns are filed, it is probable that most tax positions would be sustained upon examination by taxing authorities. However, it is also possible that some positions might be subject to uncertainty and result in a loss contingency if the amount can be reasonably estimated. The amount recognized is subject to estimation and the amount ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. Currently, management does not believe that any uncertain tax positions exist under the provisions of fasb asc 740 or asc 450, contingencies. No penalties or interest by the internal revenue service ("irs") or a state taxing authority were incurred and recorded in these financial statements. The foundation has filed or will file all applicable federal and state income tax returns. Federal income tax statutes dictate that tax returns filed in any of the previous three reporting periods remain open to examination. This includes the tax returns filed for the years ending june 30, 2020, 2019, 2018, 2017. Currently, the foundation has no open examination with the internal revenue service.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses netted against rental income 59,962. Investment expenses netted against investment income -11,247.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses netted against rental income 59,962.”

Raw XML AppendixShowing 400 of 585 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/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/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1781500
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/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/TitleTxt17EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0277478
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt0172806
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt0114604
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt091825
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt091825
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01742385
IRS990/GrossReceiptsAmt02443300
IRS990/GrossRentsGrp/RealAmt065170
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt013915
IRS990/InformationTechnologyGrp/TotalAmt013915
IRS990/InsuranceGrp/ManagementAndGeneralAmt06206
IRS990/InsuranceGrp/ProgramServicesAmt0552
IRS990/InsuranceGrp/TotalAmt06758
IRS990/InterestGrp/ManagementAndGeneralAmt0154
IRS990/InterestGrp/TotalAmt0154
IRS990/InvestmentExpenseAmt0-11247
IRS990/InvestmentIncomeGrp/ExclusionAmt067216
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt067216
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02491380
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02693010
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0408786
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01274011
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01236420
IRS990/LandBldgEquipCostOrOtherBssAmt01645206
IRS990/LegalDomicileStateCd0AR
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01569579
IRS990/LessRentalExpensesGrp/RealAmt059962
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/NetAssetsOrFundBalancesBOYAmt05319798
IRS990/NetAssetsOrFundBalancesEOYAmt05070324
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0172806
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0172806
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt05208
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05208
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-186789
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02616602
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02317286
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt05124
IRS990/OccupancyGrp/ManagementAndGeneralAmt08541
IRS990/OccupancyGrp/ProgramServicesAmt020497
IRS990/OccupancyGrp/TotalAmt034162
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02508
IRS990/OfficeExpensesGrp/TotalAmt02508
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0104
IRS990/OtherAssetsTotalGrp/EOYAmt0687
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03245
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012984
IRS990/OtherEmployeeBenefitsGrp/TotalAmt016229
IRS990/OtherExpensesGrp/Desc0ART SUPPLIES
IRS990/OtherExpensesGrp/Desc1EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc2PRINTING
IRS990/OtherExpensesGrp/Desc3CREDIT CARD FEES
IRS990/OtherExpensesGrp/FundraisingAmt09945
IRS990/OtherExpensesGrp/FundraisingAmt1103
IRS990/OtherExpensesGrp/FundraisingAmt295
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0529
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14514
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22545
IRS990/OtherExpensesGrp/ProgramServicesAmt054563
IRS990/OtherExpensesGrp/ProgramServicesAmt13821
IRS990/OtherExpensesGrp/ProgramServicesAmt21622
IRS990/OtherExpensesGrp/ProgramServicesAmt318
IRS990/OtherExpensesGrp/TotalAmt054563
IRS990/OtherExpensesGrp/TotalAmt114295
IRS990/OtherExpensesGrp/TotalAmt26239
IRS990/OtherExpensesGrp/TotalAmt32658
IRS990/OtherLiabilitiesGrp/BOYAmt05152
IRS990/OtherLiabilitiesGrp/EOYAmt062544
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt034247
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0136984
IRS990/OtherSalariesAndWagesGrp/TotalAmt0171231
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04871
IRS990/PayrollTaxesGrp/ProgramServicesAmt019480
IRS990/PayrollTaxesGrp/TotalAmt024351
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01420
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05688
IRS990/PensionPlanContributionsGrp/TotalAmt07108
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0284736
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0125066
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017636
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022969
IRS990/PrincipalOfficerNm0NICHOLAS LEOPOULOS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/Desc0ARTS RECONSTRUCTION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07675
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07675
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/ExpenseAmt0180632
IRS990/ProgSrvcAccomActy2Grp/GrantAmt091825
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/ExpenseAmt087156
IRS990/ProgSrvcAccomActyOtherGrp/Desc0VARIOUS OTHER PROGRAM SERVICES - ART CLOSET, ART ACROSS ARKANSAS, ART DEPARTMENT, RETREATS, AND THEA PAVES THE WAY
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0186452
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0971437
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt078000
IRS990/PYInvestmentIncomeAmt070236
IRS990/PYOtherExpensesAmt0396545
IRS990/PYOtherRevenueAmt011430
IRS990/PYProgramServiceRevenueAmt03450
IRS990/PYRevenuesLessExpensesAmt0208096
IRS990/PYSalariesCompEmpBnftPaidAmt0373912
IRS990/PYTotalExpensesAmt0848457
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01056553
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-51438
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05208
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07675
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01029883
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0885751
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0560854
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0952549
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0605426
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01592395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01924429
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05635653
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0132386
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0133548
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0112555
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt043538
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt056534
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0478561
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0455313
IRS990ScheduleA/PublicOrganization170Ind0X

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,177,476
Liabilities
$107,152
Net assets
$5,070,324
Revenue
$813,759
Expenses
$865,197
Net income
-$51,438
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