Civic Intelligence

Walton Family Charitable Support Foundation Inc

EIN 58-1766770 • 501(c)3 • Bentonville, AR

Profile

The foundation's mission is to operate as a supporting organization to (i) public and private colleges and universities operating in the state of arkansas and (ii) community foundations operating in five states whch include: arkansas, kansas, missouri, oklahoma, and texas.

PO Box 2030Bentonville, AR 72712

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1B+ nonprofits • Source year 2024

Net Margin

45th percentile

5.4%

Higher net margin than 45% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Top Officer Pay

9th percentile

$477,798

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $1B+ nonprofits • Source year 2024

Asset Growth

13th percentile

0.3%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

53rd percentile

11%

Faster revenue growth than 53% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,099,641,018

Up $3,503,225 (+0.3%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$1,099,641,018

Up $3,503,225 (+0.3%) from 2023

Revenue

Up

$65,282,053

Up $6,577,458 (+11%) from 2023

Expenses

Down

$61,778,828

Down $29,863,892 (-33%) from 2023

Net Income

Up

$3,503,225

Up $36,441,350 (+111%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5B$1.0B$500M$0Assets 2010: $185,657,767Liabilities 2010: $0Net Assets 2010: $185,657,7672010Assets 2011: $400,346,481Liabilities 2011: $0Net Assets 2011: $400,346,4812011Assets 2012: $531,962,948Liabilities 2012: $0Net Assets 2012: $531,962,9482012Assets 2013: $602,804,011Liabilities 2013: $0Net Assets 2013: $602,804,0112013Assets 2014: $625,829,710Liabilities 2014: $0Net Assets 2014: $625,829,7102014Assets 2015: $680,865,771Liabilities 2015: $0Net Assets 2015: $680,865,7712015Assets 2016: $675,892,882Liabilities 2016: $0Net Assets 2016: $675,892,8822016Assets 2017: $581,228,697Liabilities 2017: $0Net Assets 2017: $581,228,6972017Assets 2018: $606,207,535Liabilities 2018: $0Net Assets 2018: $606,207,5352018Assets 2019: $649,821,974Liabilities 2019: $0Net Assets 2019: $649,821,9742019Assets 2020: $1,131,575,285Liabilities 2020: $0Net Assets 2020: $1,131,575,2852020Assets 2021: $1,144,906,373Liabilities 2021: $0Net Assets 2021: $1,144,906,3732021Assets 2022: $1,129,075,918Liabilities 2022: $0Net Assets 2022: $1,129,075,9182022Assets 2023: $1,096,137,793Liabilities 2023: $0Net Assets 2023: $1,096,137,7932023Assets 2024: $1,099,641,018Liabilities 2024: $0Net Assets 2024: $1,099,641,0182024

Highlighted filing

2024

Assets$1,099,641,018
Liabilities$0
Net Assets$1,099,641,018

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800M$600M$400M$200M$0-$200MRevenue 2010: $5,861,794Expenses 2010: $307,926Net Income 2010: $5,553,8682010Revenue 2011: $216,101,815Expenses 2011: $1,413,101Net Income 2011: $214,688,7142011Revenue 2012: $162,923,154Expenses 2012: $31,306,687Net Income 2012: $131,616,4672012Revenue 2013: $103,239,449Expenses 2013: $32,398,386Net Income 2013: $70,841,0632013Revenue 2014: $33,563,031Expenses 2014: $9,644,322Net Income 2014: $23,918,7092014Revenue 2015: $93,869,095Expenses 2015: $39,703,951Net Income 2015: $54,165,1442015Revenue 2016: $34,261,158Expenses 2016: $39,538,912Net Income 2016: -$5,277,7542016Revenue 2017: $36,231,945Expenses 2017: $131,304,021Net Income 2017: -$95,072,0762017Revenue 2018: $40,499,434Expenses 2018: $14,513,303Net Income 2018: $25,986,1312018Revenue 2019: $39,141,884Expenses 2019: $14,788,341Net Income 2019: $24,353,5432019Revenue 2020: $649,518,376Expenses 2020: $46,088,463Net Income 2020: $603,429,9132020Revenue 2021: $82,175,150Expenses 2021: $68,844,062Net Income 2021: $13,331,0882021Revenue 2022: $27,468,411Expenses 2022: $43,298,866Net Income 2022: -$15,830,4552022Revenue 2023: $58,704,595Expenses 2023: $91,642,720Net Income 2023: -$32,938,1252023Revenue 2024: $65,282,053Expenses 2024: $61,778,828Net Income 2024: $3,503,2252024

Highlighted filing

2024

Revenue$65,282,053
Expenses$61,778,828
Net Income$3,503,225

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,100$0.00$1,100$65.3$61.8$3.50
2023Summary only. Only limited summary data is available for this year.$1,096$0.00$1,096$58.7$91.6$32.9
2022Summary only. Only limited summary data is available for this year.$1,129$0.00$1,129$27.5$43.3$15.8
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,145$0.00$1,145$82.2$68.8$13.3
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,132$0.00$1,132$650$46.1$603
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$650$0.00$650$39.1$14.8$24.4
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$606$0.00$606$40.5$14.5$26.0
2017Summary only. Only limited summary data is available for this year.$581$0.00$581$36.2$131$95.1
2016Summary only. Only limited summary data is available for this year.$676$0.00$676$34.3$39.5$5.28
2015Summary only. Only limited summary data is available for this year.$681$0.00$681$93.9$39.7$54.2
2014Summary only. Only limited summary data is available for this year.$626$0.00$626$33.6$9.64$23.9
2013Summary only. Only limited summary data is available for this year.$603$0.00$603$103$32.4$70.8
2012Summary only. Only limited summary data is available for this year.$532$0.00$532$163$31.3$132
2011Summary only. Only limited summary data is available for this year.$400$0.00$400$216$1.41$215
2010Summary only. Only limited summary data is available for this year.$186$0.00$186$5.86$0.31$5.55
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 12, 2025
Return Version
2024v5.1
Gross Receipts
$90,850,345
Mission and Program Overview

Mission

The foundation's mission is to operate as a supporting organization to (i) public and private colleges and universities operating in the state of arkansas and (ii) community foundations operating in five states whch include: arkansas, kansas, missouri, oklahoma, and texas.

The foundation acts as a supporting organization described in irc section 501(c)(3) and 509 (a)(3) for certain public charities by making grants to such organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,096,137,793$1,099,641,018▲ $3,503,225
Investments in Publicly Traded Securities$779,440,856$758,084,134▼ $21,356,722
Investments Other Securities$316,480,033$341,328,700▲ $24,848,667
Cash and Non-Interest-Bearing Accounts$216,904$228,184▲ $11,280
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,096,137,793$1,099,641,018▲ $3,503,225
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,096,137,793$1,099,641,018▲ $3,503,225
Total Liabilities and Net Assets / Fund Balance$1,096,137,793$1,099,641,018▲ $3,503,225

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$341,328,700--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Ed FryarDirector, Treasurer$2,000-$2,000
Heather LarkinDirector, Vice President (until 12/11/24), President (from 12/11/24)$2,000$399,059$2,000
Mark SimmonsDirector, President (until 12/11/24)$2,000-$2,000
Richard DunsworthDIRECTOR, VICE PRESIDENT (From 12/11/24)$2,000$326,853$2,000

Board Members and Trustees

NameTitle
Steuart L WaltonDirector, Chairman
Robert BurnsDirector
Charles PollardDirector (from 12/11/24)
M Sean EvansDirector, Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Mathematica INCConsultingPO BOX 2393, Princeton, NJ 08543-2393$132,679
Northern Trust CompanyInvestments50 S LASALLE STREET, Chicago, IL 60603$120,390
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$64,974,009
Other Revenue
$308,044
Change in Net Assets
$3,503,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$58,760,661
Other Expenses$3,010,167
Salaries, Compensation, and Employee Benefits$8,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$58,760,661--$58,760,661
Other Expenses-$483,113-$483,113
Fees for Service Investment Mgmnt Fees-$330,019-$330,019
Fees for Services Other$0$135,629$0$135,629
Fees for Services Legal-$11,748-$11,748
Current Officers, Directors, Trustees, and Key Employees-$8,000-$8,000
All Other Expenses$0$167$0$167
Total Functional Expenses$58,760,661$3,018,167$0$61,778,828
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Arkansas Foundation IncFayetteville, AR501(c)(3)Research and Commercialization - Phase Ii, Establishment of I3r and Build Research Building.$34,340,000
John Brown UniversitySiloam Springs, AR501(c)(3)to accelerate the development of JBU's cybersecurity program to develop local talent and meet a critical workforce need for Northwest Arkansas economy.$6,500,000
Northwest Arkansas Community College Foundation IncBentonville, AR501(c)(3)To Support the Development and Launch of a Sustainable Trails Trade School.$4,421,350
Arkansas Community Foundation IncLittle Rock, AR501(c)(3)Single Parent Scholarship Fund of Northwest Arkansas.$3,059,646
Harding UniversitySearcy, AR501(c)(3)to support the Walton International Scholarship Program at Harding University for the freshman classes of 2022, 2023, 2024.$1,484,288
John Brown UniversitySiloam Springs, AR501(c)(3)to support the Walton International Scholarship Program at John Brown University for the freshman classes of 2022, 2023, 2024.$1,477,145
University of the OzarksClarksville, AR501(c)(3)to support the Walton International Scholarship Program at University of the Ozarks for the freshman classes of 2022, 2023, 2024.$1,341,271
Harding UniversitySearcy, AR501(c)(3)to support the Walton International Scholarship Program at Harding University for the freshman classes of 2019, 2020, and 2021.$1,318,227
University of the OzarksClarksville, AR501(c)(3)to support the Walton International Scholarship Program at the University of the Ozarks for the freshman classes of 2019, 2020, and 2021.$1,249,763
John Brown UniversitySiloam Springs, AR501(c)(3)to support the Walton International Scholarship Program at John Brown University for the freshman classes of 2019, 2020, and 2021.$1,159,639
University of Arkansas Foundation IncFayetteville, AR501(c)(3)to fund key positions and support in the Technology Ventures Office, the Office of Economic Development and the Office of Research and Innovation; and to attract five star scientists.$1,068,236
Arkansas Community Foundation IncLittle Rock, AR501(c)(3)to support the operations of Thaden School.$777,685
Arkansas Community Foundation IncLittle Rock, AR501(c)(3)To Support 2024 Annual Operations.$300,000
University of Arkansas at Pine BluffPine Bluff, AR501(c)(3)to support up to 12 internship opportunities and 1 Fellowship.$201,186
University of Arkansas Foundation IncFayetteville, AR501(c)(3)KUAF 2024 Annual Grant.$50,000
Arkansas Community Foundation IncLittle Rock, AR501(c)(3)To Support the 2024 Annual Operations for Arkansas Independent Colleges and Universities.$12,225
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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, Line 2 Family/business relationships amongst interested persons

STEUART L. WALTON, M. SEAN EVANS AND ROBERT BURNS - Business relationship

Form 990, Part VI, Line 6 Classes of members or stockholders

The organization has four class b members and four class a members for a total of eight members. Each class a member automatically becomes a class a director. There are three class b directors which are elected by the majority vote of the class b members.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

Class b members may elect class b directors who are a minority portion of the governing body.

Form 990, Part VI, Line 11B Review of form 990 by governing body

After preparation and review of the form 990 has been completed, the form is submitted to the board of directors for final approval prior to filing of the return.

Form 990, Part VI, Line 12C Conflict of interest policy

On an annual basis, each director must complete a conflicts of interest policy statement and disclose any existing or potential conflicts of interest with any organization and or individual.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

Certain of the organization's directors and officers (public charity-affiliated directors) receive a $2,000 annual stipend for their service in these positions. This amount is below the median and average amounts paid by comparable organizations based on compensation data, and is approved by the organization's full board.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

Certain of the organization's directors and officers (public charity-affiliated directors) receive a $2,000 annual stipend for their service in these positions. This amount is below the median and average amounts paid by comparable organizations based on compensation data, and is approved by the organization's full board.

Form 990, Part VI, Line 19 Required documents available to the public

The foundation's governing documents are available for inspection upon request by organizations that qualify to receive funding from the foundation.

Filing and Contact Details

Filer

Filer Name
Walton Family Charitable Support Foundation Inc
EIN
58-1766770
Address
PO BOX 2030, BENTONVILLE, AR 72712

Signing Officer

Name
M Sean Evans
Title
Secretary
Signed
2025-08-12
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
De
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
3

Preparer

Firm
Walton Enterprises LLC
Address
PO BOX 1860, BENTONVILLE, AR 72712
Preparer
Luke C Mitchell
Phone
4794641500
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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/TitleTxt0DIRECTOR, TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR, VICE PRESIDENT (UNTIL 12/11/24), PRESIDENT (FROM 12/11/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR, SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR, PRESIDENT (UNTIL 12/11/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR, VICE PRESIDENT (From 12/11/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR, CHAIRMAN
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IRS990/MissionDesc0THE FOUNDATION'S MISSION IS TO OPERATE AS A SUPPORTING ORGANIZATION TO (I) PUBLIC AND PRIVATE COLLEGES AND UNIVERSITIES OPERATING IN THE STATE OF ARKANSAS AND (II) COMMUNITY FOUNDATIONS OPERATING IN FIVE STATES WHCH INCLUDE: ARKANSAS, KANSAS, MISSOURI, OKLAHOMA, AND TEXAS.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SUPPORTED ORGANIZATIONS ARE LISTED BY CLASS IN THE ORGANIZATION'S CERTIFICATE OF INCORPORATION. THE ORGANIZATION HAS PROVIDED AND CONTINUES TO PROVIDE FUNDING TO THE UNIVERSITY OF THE OZARKS, HARDING UNIVERSITY, JOHN BROWN UNIVERSITY, UNIVERSITY OF ARKANSAS, NORTHWEST ARKANSAS COMMUNITY COLLEGE ("NWACC"), AND THE ARKANSAS COMMUNITY FOUNDATION. THE ORGANIZATION INTENDS TO CONTINUE ITS LONGSTANDING RELATIONSHIP WITH THESE ENTITIES. AT THE REQUEST OF THE UNIVERSITY OF ARKANSAS AND NWACC, THE ORGANIZATION PROVIDES ITS FUNDING FOR THESE TWO INSTITUTIONS THROUGH THEIR RESPECTIVE AFFILIATED FOUNDATIONS, WHICH ARE PUBLIC CHARITIES OPERATED IN CONNECTION WITH THESE INSTITUTIONS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION HOLDS, AS PART OF ITS DIVERSIFIED INVESTMENT PORTFOLIO, UNITS IN WALTON ENTERPRISES LLC, WHICH LLC IS CONTROLLED BY DISQUALIFIED PERSONS (DPS). THIS LLC INVESTMENT PRODUCES SUBSTANTIAL REGULAR INCOME WHICH THE ORGANIZATION USES TO FUND ITS CHARITABLE DISTRIBUTIONS. ONLY ONE DP IS ON THE ORGANIZATION'S BOARD OF DIRECTORS, WHICH IS CONTROLLED BY APPOINTEES OF THE ORGANIZATION'S PUBLIC CHARITY-SUPPORTED ORGANIZATIONS. THE ORGANIZATION'S INVESTMENT COMMITTEE CONSISTS ONLY OF PUBLIC CHARITY-APPOINTEES (AND NO DPS).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part IV, Section A, Line 1 Supported Orgs Listed By Name
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Schedule A, Part IV, Section A, Line 9b Disqualified Persons Controlling Interest In Any Entity
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ARKANSAS COMMUNITY FOUNDATION
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1HARDING UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2JOHN BROWN UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3NORTHWEST ARKANSAS COMMUNITY COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt4UNIVERSITY OF ARKANSAS
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt5UNIVERSITY OF THE OZARKS
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Single Parent Scholarship Fund of Northwest Arkansas.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO SUPPORT 2024 ANNUAL OPERATIONS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TO SUPPORT THE 2024 ANNUAL OPERATIONS FOR ARKANSAS INDEPENDENT COLLEGES AND UNIVERSITIES.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3to support the operations of Thaden School.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4to support the Walton International Scholarship Program at Harding University for the freshman classes of 2019, 2020, and 2021.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5to support the Walton International Scholarship Program at Harding University for the freshman classes of 2022, 2023, 2024.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6to support the Walton International Scholarship Program at John Brown University for the freshman classes of 2019, 2020, and 2021.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7to support the Walton International Scholarship Program at John Brown University for the freshman classes of 2022, 2023, 2024.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8to accelerate the development of JBU's cybersecurity program to develop local talent and meet a critical workforce need for Northwest Arkansas economy.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9TO SUPPORT THE DEVELOPMENT AND LAUNCH OF A SUSTAINABLE TRAILS TRADE SCHOOL.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10to support up to 12 internship opportunities and 1 Fellowship.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11to fund key positions and support in the Technology Ventures Office, the Office of Economic Development and the Office of Research and Innovation; and to attract five star scientists.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12RESEARCH AND COMMERCIALIZATION - PHASE II, ESTABLISHMENT OF I3R AND BUILD RESEARCH BUILDING.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt13KUAF 2024 Annual Grant.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt14to support the Walton International Scholarship Program at the University of the Ozarks for the freshman classes of 2019, 2020, and 2021.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt15to support the Walton International Scholarship Program at University of the Ozarks for the freshman classes of 2022, 2023, 2024.

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