Civic Intelligence

Arkansas Tourism Development Foundation

990 • Fiscal year 2022 • EIN 71-0524580

Jul 01, 2021 to Jun 30, 2022 • Filed on May 09, 2023

600 Main St 100North Little Rock, AR 72114

(501) 551-8298

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.00x

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

45th percentile

0.00x

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

79th percentile

21%

Higher net margin than 79% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

78th percentile

20%

Faster asset growth than 78% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

97th percentile

420%

Faster revenue growth than 97% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$255,076

Up $41,755 (+20%) from 2021

Net Assets

Up

$255,076

Up $41,755 (+20%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$202,613

Up $163,621 (+420%) from 2021

Expenses

Up

$160,858

Up $71,208 (+79%) from 2021

Net Income

Up

$41,755

Up $92,413 (+182%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $257,666Liabilities 2011: $10,295Net Assets 2011: $247,3712011Assets 2012: $216,102Liabilities 2012: $16,748Net Assets 2012: $199,3542012Assets 2013: $141,023Liabilities 2013: $2,605Net Assets 2013: $138,4182013Assets 2014: $72,159Liabilities 2014: $905Net Assets 2014: $71,2542014Assets 2015: $169,832Liabilities 2015: $47,578Net Assets 2015: $122,2542015Assets 2016: $180,082Liabilities 2016: $0Net Assets 2016: $180,0822016Assets 2017: $215,032Liabilities 2017: $0Net Assets 2017: $215,0322017Assets 2018: $235,000Liabilities 2018: $0Net Assets 2018: $235,0002018Assets 2019: $296,304Liabilities 2019: $0Net Assets 2019: $296,3042019Assets 2020: $265,619Liabilities 2020: $1,640Net Assets 2020: $263,9792020Assets 2021: $213,321Liabilities 2021: $0Net Assets 2021: $213,3212021Assets 2022: $255,076Liabilities 2022: $0Net Assets 2022: $255,0762022Assets 2023: $351,587Liabilities 2023: $0Net Assets 2023: $351,5872023Assets 2024: $458,071Liabilities 2024: $0Net Assets 2024: $458,0712024

Highlighted filing

2022

Assets$255,076
Liabilities$0
Net Assets$255,076

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KExpenses 2011: $321,1582011Expenses 2012: $311,0692012Expenses 2013: $301,1682013Revenue 2014: $267,985Expenses 2014: $330,797Net Income 2014: -$62,8122014Revenue 2015: $267,725Expenses 2015: $216,725Net Income 2015: $51,0002015Revenue 2016: $258,364Expenses 2016: $200,536Net Income 2016: $57,8282016Revenue 2017: $288,654Expenses 2017: $253,704Net Income 2017: $34,9502017Revenue 2018: $229,315Expenses 2018: $209,347Net Income 2018: $19,9682018Revenue 2019: $227,050Expenses 2019: $165,746Net Income 2019: $61,3042019Revenue 2020: $181,177Expenses 2020: $213,502Net Income 2020: -$32,3252020Revenue 2021: $38,992Expenses 2021: $89,650Net Income 2021: -$50,6582021Revenue 2022: $202,613Expenses 2022: $160,858Net Income 2022: $41,7552022Revenue 2023: $242,959Expenses 2023: $146,448Net Income 2023: $96,5112023Revenue 2024: $259,856Expenses 2024: $153,372Net Income 2024: $106,4842024

Highlighted filing

2022

Revenue$202,613
Expenses$160,858
Net Income$41,755
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 9, 2023
Return Version
2021v4.2
Gross Receipts
$202,613
Mission and Program Overview

Mission

Promote tourism in the state of arkansas by assisting the arkansas department of parks and tourism in the promotion and development of a strong tourism program and by providing funding to projects for which state tax receipts are inadequate or unobtainable.

Promote tourism in the state of arkansas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$203,186$206,379▲ $3,193
Cash and Non-Interest-Bearing Accounts$8,485$42,607▲ $34,122
Accounts Receivable$1,650$6,090▲ $4,440
Total Assets$213,321$255,076▲ $41,755
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$213,321$255,076▲ $41,755
Total Net Assets Fund Balance$213,321$255,076▲ $41,755
Total Liabilities and Net Assets / Fund Balance$213,321$255,076▲ $41,755
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jim ShamburgerPresident
Karen TrevinoFirst Vice President
Chet PatelSecond Vice President
Austin AlbersBoard Member
Billy DoolyBoard Member
Cindy SmithBoard Member
Clint GastonBoard Member
David EglestonBoard Member
Janie GloverBoard Member
Joe DevitoBoard Member
Joy BlankenshipBoard Member
Maryl PurvisBoard Member
Matt BellBoard Member
Matt MoyerBoard Member
Montine McnultyBoard Member
Paul HenleyBoard Member
Richard HansonBoard Member
Shelby WoodsBoard Member
Tanya SmithBoard Member
Tim JacobsonBoard Member
Tonya SmithBoard Member
Wayne WoodsBoard Member
Weston LeweyBoard Member
Bill BarnesEx Officio
Darin GrayEx Officio
Kalene GriffithSecretary
Gena GemberlingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$199,403
Investment Income
$3,210
Other Revenue
$0
Change in Net Assets
$41,755
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,858
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting---$10,030
All Other Expenses---$2,573
Other Expenses---$2,077
Advertising---$1,535
Total Functional Expenses$0$0$0$160,858
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is not reviewed by the foundation's board of directors prior to filing. The form 990 is reviewed by the treasurer.

Form 990, Part VI, Section C, Line 19

The organization does not make its governing documents, conflict of interest policy or financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Arkansas Tourism Development Foundation
EIN
71-0524580
Phone
5015518298
Address
600 MAIN ST 100, NORTH LITTLE ROCK, AR 72114

Signing Officer

Name
Jim Shamburger
Title
President
Phone
5015518298
Signed
2023-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Shamburger
Formed
1977
Legal Domicile
Ar
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Frost Pllc
Address
425 WEST CAPITOL SUITE 3300, LITTLE ROCK, AR 72201
Preparer
Janet M Ptacek
Phone
5013769241
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The foundation's policy with respect to evaluating uncertain tax positions is based upon whether management believes it is more likely than not the uncertain tax positions will be sustained upon review by the taxing authorities, then the foundation shall initially and subsequently measure the largest amount of tax benefit that is greater than 50% likely of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The tax positions must meet the more-likely-than-not recognition threshold with consideration given to the amounts and probabilities of the outcomes that could be realized upon settlement using the facts, circumstances and information at the reporting date. The foundation will reflect only the portion of the tax benefit that will be sustained upon resolution of the position and applicable interest on the portion of the tax benefit not recognized. Based upon management's assessment, there are no uncertain tax positions expected to have a material impact on the foundation's financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt14FIRST VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01977
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0202613
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt03210
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03210
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0AR
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTE TOURISM IN THE STATE OF ARKANSAS BY ASSISTING THE ARKANSAS DEPARTMENT OF PARKS AND TOURISM IN THE PROMOTION AND DEVELOPMENT OF A STRONG TOURISM PROGRAM AND BY PROVIDING FUNDING TO PROJECTS FOR WHICH STATE TAX RECEIPTS ARE INADEQUATE OR UNOBTAINABLE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0213321
IRS990/NetAssetsOrFundBalancesEOYAmt0255076
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0213321
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0255076
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MEALS & ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2EVENT SET UP
IRS990/OtherExpensesGrp/Desc3AWARDS
IRS990/OtherExpensesGrp/TotalAmt074686
IRS990/OtherExpensesGrp/TotalAmt139842
IRS990/OtherExpensesGrp/TotalAmt230115
IRS990/OtherExpensesGrp/TotalAmt32077
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JIM SHAMBURGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561439
IRS990/ProgramServiceRevenueGrp/BusinessCd1561439
IRS990/ProgramServiceRevenueGrp/Desc0GOVERNOR'S CONFERENCE
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0186903
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0186903
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt112500
IRS990/ProgSrvcAccomActy2Grp/Desc0VARIOUS PROJECTS TO PROMOTE TOURISM IN ARKANSAS, WHICH INCLUDES THE WELCOME TO ARKANSAS PROGRAM, PARTNERS IN TOURISM EXPENSE, AND OTHERS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02845
IRS990/PYOtherExpensesAmt089650
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt036147
IRS990/PYRevenuesLessExpensesAmt0-50658
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt089650
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt038992
IRS990/ReconcilationRevenueExpnssAmt041755
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0203186
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0206379
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S POLICY WITH RESPECT TO EVALUATING UNCERTAIN TAX POSITIONS IS BASED UPON WHETHER MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THE UNCERTAIN TAX POSITIONS WILL BE SUSTAINED UPON REVIEW BY THE TAXING AUTHORITIES, THEN THE FOUNDATION SHALL INITIALLY AND SUBSEQUENTLY MEASURE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE TAX POSITIONS MUST MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD WITH CONSIDERATION GIVEN TO THE AMOUNTS AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON SETTLEMENT USING THE FACTS, CIRCUMSTANCES AND INFORMATION AT THE REPORTING DATE. THE FOUNDATION WILL REFLECT ONLY THE PORTION OF THE TAX BENEFIT THAT WILL BE SUSTAINED UPON RESOLUTION OF THE POSITION AND APPLICABLE INTEREST ON THE PORTION OF THE TAX BENEFIT NOT RECOGNIZED. BASED UPON MANAGEMENT'S ASSESSMENT, THERE ARE NO UNCERTAIN TAX POSITIONS EXPECTED TO HAVE A MATERIAL IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS NOT REVIEWED BY THE FOUNDATION'S BOARD OF DIRECTORS PRIOR TO FILING. THE FORM 990 IS REVIEWED BY THE TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0213321
IRS990/TotalAssetsEOYAmt0255076
IRS990/TotalAssetsGrp/BOYAmt0213321
IRS990/TotalAssetsGrp/EOYAmt0255076
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0160858
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0213321
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0255076
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0199403
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03210
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0199403
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0202613
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0213321
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0255076
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0600 MAIN STREET SUITE 100
IRS990/USAddress/CityNm0NORTH LITTLE ROCK
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072114

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.58$0.00$4.58$2.60$1.53$1.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.52$0.00$3.52$2.43$1.46$0.97
2022Detailed filing. Detailed filing data is available for this year.$2.55$0.00$2.55$2.03$1.61$0.42
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.00$2.13$0.39$0.90$0.51
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.66$0.02$2.64$1.81$2.14$0.32
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.96$0.00$2.96$2.27$1.66$0.61
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$0.00$2.35$2.29$2.09$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$0.00$2.15$2.89$2.54$0.35
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$0.00$1.80$2.58$2.01$0.58
2015Detailed filing. Detailed filing data is available for this year.$1.70$0.48$1.22$2.68$2.17$0.51
2014Detailed filing. Detailed filing data is available for this year.$0.72$0.01$0.71$2.68$3.31$0.63
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.03$1.38$3.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.17$1.99$3.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$0.10$2.47$3.21