Civic Intelligence

Thea Foundation

990 • Fiscal year 2022 • EIN 52-2356755

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 04, 2022

Organization ProfileTHEAFOUNDATION.ORG
401 Main St 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

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

29th percentile

0.06x

Higher debt load relative to revenue than 29% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

74th percentile

24%

Higher net margin than 74% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

37th percentile

$94,994

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

35th percentile

-3.5%

Faster asset growth than 35% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

82nd percentile

41%

Faster revenue growth than 82% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$5,510,380

Down $202,212 (-3.5%) from 2021

Net Assets

Down

$5,450,859

Down $222,179 (-3.9%) from 2021

Liabilities

Up

$59,521

Up $19,967 (+50%) from 2021

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin74th percentile

Revenue

Up

$954,532

Up $277,941 (+41%) from 2021

Expenses

Down

$727,329

Down $46,856 (-6.1%) from 2021

Net Income

Up

$227,203

Up $324,797 (+333%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth35th 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

2022

Assets$5,510,380
Liabilities$59,521
Net Assets$5,450,859
Open 2022 Filing

Operations Trend

Revenue Growth82nd 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

2022

Revenue$954,532
Expenses$727,329
Net Income$227,203
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 4, 2022
Return Version
2021v4.2
Gross Receipts
$3,312,098
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$2,971,261$2,521,078▼ $450,183
Savings and Temporary Cash Investments$1,179,497$1,497,280▲ $317,783
Land, Buildings, and Equipment, Net$1,193,959$1,152,160▼ $41,799
Cash and Non-Interest-Bearing Accounts$258,050$296,215▲ $38,165
Pledges and Grants Receivable$79,033$24,275▼ $54,758
Prepaid Expenses and Deferred Charges$15,921$18,924▲ $3,003
Accounts Receivable$5,512$290▼ $5,222
Total Assets$5,712,592$5,510,380▼ $202,212
Other Assets Total$9,359$158▼ $9,201
Liabilities
Accounts Payable and Accrued Expenses$34,402$54,369▲ $19,967
Other Liabilities$5,152$5,152→ $0
Total Liabilities$39,554$59,521▲ $19,967
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,326,700$3,099,415▼ $227,285
Net Assets Without Donor Restrictions$2,346,338$2,351,444▲ $5,106
Total Net Assets Fund Balance$5,673,038$5,450,859▼ $222,179
Total Liabilities and Net Assets / Fund Balance$5,712,592$5,510,380▼ $202,212

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,005,535$440,469-
Other Land Buildings$3,374$9,199-
Land$125,000--
Equipment$18,251$29,595-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$2,012,554---$2,012,554
2020$2,013,037---$2,012,554
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
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nick LeopoulosExecutive DirectorFT$88,019$6,975$94,994

Board Members and Trustees

NameTitle
Dave HawseyPresident
Alex MontezDirector
Brad CushmanDirector
Jennifer HerronDirector
Jeremy MitchellDirector
Michele ShawDirector
Natalie RockefellerDirector
ROBERT O'NEALDirector
Ramy ZimmerebnerDirector
Sharon HeflinDirector
Trish RobersonDirector
Andrew ManatosDirector Emeritus
President Bill ClintonDirector Emeritus
Bryant PhelanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$809,557
Program Service Revenue
$0
Investment Income
$163,366
Other Revenue
$-18,391
All Other Contributions
$154,146
Change in Net Assets
$227,203

Audited Revenue Reconciliation

Revenue per Audited Statements
$954,532
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-365,904
Total Revenue per Audited Statements
$588,628
Total Revenue per Form 990
$954,532
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$333,428
Other Expenses$262,401
Grants and Similar Amounts Paid$131,500
Total Fundraising Expense$5,035
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$121,666$30,416-$152,082
Current Officers, Directors, Trustees, and Key Employees$110,106$27,527-$137,633
Grants to Domestic Individuals$131,500--$131,500
Advertising$103,710$6,517$3,668$113,895
Fees for Services Accounting-$39,959-$39,959
Payroll Taxes$16,966$4,242-$21,208
Depreciation Depletion$15,937$3,984-$19,921
Other Employee Benefits$14,751$3,688-$18,439
Information Technology-$12,981-$12,981
Fees for Services Other$10,000$1,204-$11,204
Insurance-$6,699-$6,699
Pension Plan Contributions$3,253$813-$4,066
All Other Expenses$231$3,076$39$3,346
Other Expenses$872$793$399$1,665
Travel-$422$929$1,351
Occupancy-$1,165-$1,165
Office Expenses$7$1,029-$1,036
Interest-$96-$96
Total Functional Expenses$568,541$153,753$5,035$727,329

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$810,807
Expenses per Audited Statements$727,329
Total Expenses per Form 990$727,329
Expenses Not Reported on Form 990$83,478
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$206,595---
Total Events$206,595---
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
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 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 100, NORTH LITTLE ROCK, AR 72114

Signing Officer

Name
Nick Leopoulos
Title
Executive Director
Phone
5013799512
Signed
2022-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nick Leopoulos
Formed
2001
Legal Domicile
Ar
Voting Board Members
13
Independent Board Members
13
Employees
5
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 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 expense netted against rental income 83,478. Investment expense netted against investment income -14,378.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expense netted against rental income 83,478.”

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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/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.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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/TitleTxt14SECRETARY
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IRS990/FormationYr02001
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0206595
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt0111443
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt0448816
IRS990/GrantAmt0131500
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0131500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0131500
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02385531
IRS990/GrossReceiptsAmt03312098
IRS990/GrossRentsGrp/RealAmt065087
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt012981
IRS990/InformationTechnologyGrp/TotalAmt012981
IRS990/InsuranceGrp/ManagementAndGeneralAmt06699
IRS990/InsuranceGrp/TotalAmt06699
IRS990/InterestGrp/ManagementAndGeneralAmt096
IRS990/InterestGrp/TotalAmt096
IRS990/InvestmentExpenseAmt0-14378
IRS990/InvestmentIncomeGrp/ExclusionAmt051923
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt051923
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02971261
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02521078
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt01193959
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01152160
IRS990/LandBldgEquipCostOrOtherBssAmt01631423
IRS990/LegalDomicileStateCd0AR
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02274088
IRS990/LessRentalExpensesGrp/RealAmt083478
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/NetAssetsOrFundBalancesBOYAmt05673038
IRS990/NetAssetsOrFundBalancesEOYAmt05450859
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0111443
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0111443
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-18391
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-18391
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-435004
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02346338
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02351444
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01165
IRS990/OccupancyGrp/TotalAmt01165
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01029
IRS990/OfficeExpensesGrp/ProgramServicesAmt07
IRS990/OfficeExpensesGrp/TotalAmt01036
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09359
IRS990/OtherAssetsTotalGrp/EOYAmt0158
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03688
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014751
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018439
IRS990/OtherExpensesGrp/Desc0ART SUPPLIES
IRS990/OtherExpensesGrp/Desc1GALLERY EXPENSE
IRS990/OtherExpensesGrp/Desc2PRINTING
IRS990/OtherExpensesGrp/Desc3EVENT EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt0399
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01264
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15657
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22221
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3793
IRS990/OtherExpensesGrp/ProgramServicesAmt038543
IRS990/OtherExpensesGrp/ProgramServicesAmt1999
IRS990/OtherExpensesGrp/ProgramServicesAmt2872
IRS990/OtherExpensesGrp/TotalAmt039807
IRS990/OtherExpensesGrp/TotalAmt15657
IRS990/OtherExpensesGrp/TotalAmt23619
IRS990/OtherExpensesGrp/TotalAmt31665
IRS990/OtherLiabilitiesGrp/BOYAmt05152
IRS990/OtherLiabilitiesGrp/EOYAmt05152
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt030416
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0121666
IRS990/OtherSalariesAndWagesGrp/TotalAmt0152082
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04242
IRS990/PayrollTaxesGrp/ProgramServicesAmt016966
IRS990/PayrollTaxesGrp/TotalAmt021208
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0813
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03253
IRS990/PensionPlanContributionsGrp/TotalAmt04066
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt079033
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt024275
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015921
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018924
IRS990/PrincipalOfficerNm0NICK LEOPOULOS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THEA'S ART CLOSET IS A PROGRAM THAT FUNDS ART-FOCUSED PROJECTS IN ARKANSAS FOR K-12 STUDENTS MATCHING DOLLARS FROM DONORS CHOOSE. IN THE 2021-2022 SCHOOL YEAR, THEA FUNDED 261 PROJECTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0169721
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ARTS RECONSTRUCTION PROGRAM PARTNERS WITH CULTURAL INSTITUTIONS AND ARTS ORGANIZATIONS IN ARKANSAS TO PROVIDE NEW AND AMPLIFY EXISTING ARTS PROGRAMMING WITHIN SCHOOLS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0119980
IRS990/ProgSrvcAccomActyOtherGrp/Desc0VARIOUS OTHER PROGRAM SERVICES - ART DEPARTMENT, ART ACROSS ARKANSAS, ART DEPARTMENT, RETREATS, AND THEA PAVES THE WAY
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt075146
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0568238
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt058259
IRS990/PYOtherExpensesAmt0493234
IRS990/PYOtherRevenueAmt0123991
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-97594
IRS990/PYSalariesCompEmpBnftPaidAmt0354848
IRS990/PYTotalExpensesAmt0848082
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0750488
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0227203
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-18391
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01179497
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01497280
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0809557
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0568238
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0560854
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0952549
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0605426
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03496624
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0117954
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0125508
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0132386
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0133548
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0112555
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0621951
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0455313
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84900
IRS990ScheduleA/PublicSupportPY170Pct00.88660
IRS990ScheduleA/PublicSupportTotal170Amt03496624
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0809557
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0568238
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0560854
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0952549
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0605426
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03496624
IRS990ScheduleA/TotalSupportAmt04118575
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01005535
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0440469
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01446004
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02012554
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02012554
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0483
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02013037
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02012554
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01989108
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02013037
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt023929
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01989108
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01989108
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01961836
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt027272

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,510,380
Liabilities
$59,521
Net assets
$5,450,859
Revenue
$954,532
Expenses
$727,329
Net income
$227,203
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