Civic Intelligence

Arkansas Tech University Foundation

990 • Fiscal year 2018 • EIN 71-0561120

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 12, 2018

Organization ProfileWWW.ATU.EDU
8820 Tech LaneRussellville, AR 72801

(479) 968-0400

Siviq Scores

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

Liabilities / Assets

36th percentile

0.13x

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

78th percentile

1.07x

Higher debt load relative to revenue than 78% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

87th percentile

38%

Higher net margin than 87% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

23rd percentile

$158,165

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

79th percentile

13%

Faster asset growth than 79% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

25th percentile

-3.2%

Faster revenue growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$33,252,226

Up $3,733,344 (+13%) from 2017

Net Assets

Up

$28,876,688

Up $3,223,499 (+13%) from 2017

Liabilities

Up

$4,375,538

Up $509,845 (+13%) from 2017

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin87th percentile

Revenue

Down

$4,104,065

Down $135,784 (-3.2%) from 2017

Expenses

Up

$2,541,656

Up $165,288 (+7.0%) from 2017

Net Income

Down

$1,562,409

Down $301,072 (-16%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$80M$60M$40M$20M$0Assets 2011: $17,329,137Liabilities 2011: $2,641,337Net Assets 2011: $14,687,8002011Assets 2012: $16,964,770Liabilities 2012: $2,670,693Net Assets 2012: $14,294,0772012Assets 2013: $19,059,004Liabilities 2013: $2,971,398Net Assets 2013: $16,087,6062013Assets 2014: $22,741,629Liabilities 2014: $3,623,738Net Assets 2014: $19,117,8912014Assets 2015: $24,452,198Liabilities 2015: $3,397,329Net Assets 2015: $21,054,8692015Assets 2016: $24,876,479Liabilities 2016: $3,245,506Net Assets 2016: $21,630,9732016Assets 2017: $29,518,882Liabilities 2017: $3,865,693Net Assets 2017: $25,653,1892017Assets 2018: $33,252,226Liabilities 2018: $4,375,538Net Assets 2018: $28,876,6882018Assets 2019: $38,185,742Liabilities 2019: $5,642,540Net Assets 2019: $32,543,2022019Assets 2020: $42,991,529Liabilities 2020: $6,265,685Net Assets 2020: $36,725,8442020Assets 2021: $53,279,781Liabilities 2021: $10,344,430Net Assets 2021: $42,935,3512021Assets 2022: $54,871,216Liabilities 2022: $7,840,879Net Assets 2022: $47,030,3372022Assets 2023: $57,906,367Liabilities 2023: $8,940,523Net Assets 2023: $48,965,8442023Assets 2024: $63,858,641Liabilities 2024: $8,950,922Net Assets 2024: $54,907,7192024Assets 2025: $64,632,279Liabilities 2025: $10,425,211Net Assets 2025: $54,207,0682025

Highlighted filing

2018

Assets$33,252,226
Liabilities$4,375,538
Net Assets$28,876,688
Open 2018 Filing

Operations Trend

Revenue Growth25th percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $1,651,9772011Expenses 2012: $2,596,7292012Expenses 2013: $1,249,2582013Revenue 2014: $2,877,169Expenses 2014: $1,699,726Net Income 2014: $1,177,4432014Revenue 2015: $4,021,325Expenses 2015: $1,568,246Net Income 2015: $2,453,0792015Revenue 2016: $3,955,056Expenses 2016: $1,771,162Net Income 2016: $2,183,8942016Revenue 2017: $4,239,849Expenses 2017: $2,376,368Net Income 2017: $1,863,4812017Revenue 2018: $4,104,065Expenses 2018: $2,541,656Net Income 2018: $1,562,4092018Revenue 2019: $8,929,385Expenses 2019: $1,954,663Net Income 2019: $6,974,7222019Revenue 2020: $6,765,509Expenses 2020: $1,821,118Net Income 2020: $4,944,3912020Revenue 2021: $3,726,139Expenses 2021: $2,218,141Net Income 2021: $1,507,9982021Revenue 2022: $15,233,363Expenses 2022: $2,823,080Net Income 2022: $12,410,2832022Revenue 2023: $1,816,524Expenses 2023: $3,409,017Net Income 2023: -$1,592,4932023Revenue 2024: $9,609,711Expenses 2024: $6,272,171Net Income 2024: $3,337,5402024Revenue 2025: $5,637,835Expenses 2025: $8,392,362Net Income 2025: -$2,754,5272025

Highlighted filing

2018

Revenue$4,104,065
Expenses$2,541,656
Net Income$1,562,409
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$4,104,065
Mission and Program Overview

Mission

The foundation provides educational support through the granting of scholarship funds to be distributed by arkansas tech university based on academic department and committee selections. The foundation also provides other institutional support to arkansas tech university for the operation of its educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$25,287,242$29,863,537▲ $4,576,295
Investments Other Securities$2,515,229$2,447,392▼ $67,837
Savings and Temporary Cash Investments$719,533$438,521▼ $281,012
Pledges and Grants Receivable$942,446$365,134▼ $577,312
Cash and Non-Interest-Bearing Accounts$54,432$137,642▲ $83,210
Total Assets$29,518,882$33,252,226▲ $3,733,344
Liabilities
Other Liabilities$3,853,705$4,371,294▲ $517,589
Accounts Payable and Accrued Expenses$11,988$4,244▼ $7,744
Total Liabilities$3,865,693$4,375,538▲ $509,845
Net Assets / Fund Balance
Permanently Rstr Net Assets$14,859,069$16,939,490▲ $2,080,421
Unrestricted Net Assets$4,822,886$6,154,795▲ $1,331,909
Temporarily Rstr Net Assets$5,971,234$5,782,403▼ $188,831
Total Net Assets Fund Balance$25,653,189$28,876,688▲ $3,223,499
Total Liabilities and Net Assets / Fund Balance$29,518,882$33,252,226▲ $3,733,344

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$367,317--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$14,859,069$2,471,988▲ $44,422-$16,939,490
2016$13,362,788$1,407,072▲ $89,209-$14,859,069
2015$11,978,748$1,372,105▲ $11,935-$13,362,788
2014$10,370,519$1,597,201▲ $11,208-$11,978,748
2013$9,724,046$525,165▲ $121,308-$10,370,519
Compensation and Service Providers
Top Officer Pay23rd percentile

Employees

NameTitleOtherTotal
Michael HutchisonExec Vice Pr$158,165$158,165
Regina BurrisFinancial of$60,551$60,551

Board Members and Trustees

NameTitle
Michael HutchisonExec Vice President
Brad ThresherDirector
Brent GarrettDirector
Bryce MobleyDirector
Carl BargerDirector
Danny LoveladyDirector
Danny TrouttDirector
Deana InfieldDirector
Donna ParkerDirector
Fred SimonDirector
J W StrattonDirector
Jeff WardDirector
Joan HarperDirector
Josh MastersDirector
Lee LaneDirector
Luke BradshawDirector
Melissa HallDirector
Steve AndersonDirector
Steve RoseDirector
Tom LastovicaDirector
Wayne YoungDirector
Jared WoodDirector/pas
Norma MearesDirector/pre
Laurie BiblerDirector/sec
Tracy GerenDirector/tre
Barton AllenDirector/vic
Revenue and Support

Revenue Composition

Contributions and Grants
$3,445,174
Program Service Revenue
$0
Investment Income
$658,891
Other Revenue
$0
All Other Contributions
$3,445,174
Change in Net Assets
$1,562,409

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,104,065
Revenue Not Reported on Form 990
$2,222,392
Total Revenue per Audited Statements
$6,326,457
Total Revenue per Form 990
$4,104,065
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,980,894
Grants and Similar Amounts Paid$560,762
Total Fundraising Expense$167
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$560,762--$560,762
All Other Expenses$449,070$105,865$167$555,102
Other Expenses$139,636$435,489-$139,636
Fees for Services Lobbying-$97,500-$97,500
Travel$82,060--$82,060
Fees for Services Accounting-$4,875-$4,875
Occupancy-$1,200-$1,200
Insurance$1,078--$1,078
Total Functional Expenses$1,896,560$644,929$167$2,541,656

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,102,958
Expenses per Audited Statements$2,541,656
Total Expenses per Form 990$2,541,656
Expenses Not Reported on Form 990$561,302
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
Yes
Lobbying activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$97,500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
University Funds Under Management$4,309,030
Liability for Annuities$62,264
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 2

“Beall barclay lllp beall barclay lllp partner partner members of same partnership”

Form 990, Page 6, Part VI, Line 11B

“Return is reviewed by audit committee members prior to filing. All board members are provided copy within 30 days.”

Form 990, Page 6, Part VI, Line 12C

“Annually, all board members are provided copy of conflict of interest statement and sign statement agreeing to abide by the policy and that there have been no conflicts of interest.”

Form 990, Page 6, Part VI, Line 19

“The policy of the foundation is to make its governing documents, conflict of interest statements, and audited financial statements available to the public upon request and with charges permitted by law.”

Filing and Contact Details

Filer

Filer Name
Arkansas Tech University Foundation
EIN
71-0561120
Phone
4799680400
Address
8820 TECH LANE, RUSSELLVILLE, AR 72801

Signing Officer

Name
Regina Burris
Title
Financial Officer
Phone
4799680400
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Norma Meares
Voting Board Members
25
Independent Board Members
25
Employees
0
Volunteers
34

Preparer

Firm
Shoptaw Labahn & Company Pa
Address
915 W MAIN STREET SUITE B, RUSSELLVILLE, AR 72801
Preparer
John W Shoptaw
Phone
4799673600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The foundation provides educational support through the granting of scholarship funds to be distributed by arkansas tech university based on academic department and committee selections. The foundation also provides other institutional support to arkansas tech university for the operation of its educational programs.”

Form 990, Page 1, Part I, Line 6

“Board of director members and various committee members.”

Form 990, Part IX, Line 24E

“Payroll cost reimbursemen 34,479 94,688 0 food and entertainment 107,884 0 0 printing 96,087 0 0 other fees and services 50,655 0 0 awards 46,483 0 0 computers and computer eq 38,113 0 0 dues and seminars 33,436 0 0 annuity benefits 15,980 0 0 educational equipment 13,551 0 0 taxes 6,784 0 0 bank charges 0 6,615 0 office supplies and expen 0 4,562 0 books and educational mat 2,898 0 0 postage 2,245 0 0 event tickets 325 0 0 fundraising 0 0 167 repairs 147 0 0 round 3 0 0 total 449,070 105,865 167”

Raw XML AppendixShowing 400 of 566 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR/PAS
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR/PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15FINANCIAL OF
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IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR/TRE
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IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26EXEC VICE PR
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IRS990/MembersOrStockholdersInd0false
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0THE FOUNDATION PROVIDES EDUCATIONAL SUPPORT THROUGH THE GRANTING OF SCHOLARSHIP FUNDS TO BE DISTRIBUTED BY ARKANSAS TECH UNIVERSITY BASED ON ACADEMIC DEPARTMENT AND COMMITTEE SELECTIONS. THE FOUNDATION ALSO PROVIDES OTHER INSTITUTIONAL SUPPORT TO ARKANSAS TECH UNIVERSITY FOR THE OPERATION OF ITS EDUCATIONAL PROGRAMS.
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0CONSULTANTS ENGAGED TO REPRESENT THE INTEREST OF THE FOUNDATION AND THE ARKANSAS TECH UNIVERSITY BEFORE THE ARKANSAS LEGISLATURE AND RELATED DEPARTMENTS OF STATE GOVERNMENT.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
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IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt097500
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Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,252,226
Liabilities
$4,375,538
Net assets
$28,876,688
Revenue
$4,104,065
Expenses
$2,541,656
Net income
$1,562,409
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$64.6$10.4$54.2$5.64$8.39$2.75
2024Detailed filing. Detailed filing data is available for this year.$63.9$8.95$54.9$9.61$6.27$3.34
2023Detailed filing. Detailed filing data is available for this year.$57.9$8.94$49.0$1.82$3.41$1.59
2022Detailed filing. Detailed filing data is available for this year.$54.9$7.84$47.0$15.2$2.82$12.4
2021Detailed filing. Detailed filing data is available for this year.$53.3$10.3$42.9$3.73$2.22$1.51
2020Detailed filing. Detailed filing data is available for this year.$43.0$6.27$36.7$6.77$1.82$4.94
2019Detailed filing. Detailed filing data is available for this year.$38.2$5.64$32.5$8.93$1.95$6.97
2018Detailed filing. Detailed filing data is available for this year.$33.3$4.38$28.9$4.10$2.54$1.56
2017Detailed filing. Detailed filing data is available for this year.$29.5$3.87$25.7$4.24$2.38$1.86
2016Detailed filing. Detailed filing data is available for this year.$24.9$3.25$21.6$3.96$1.77$2.18
2015Detailed filing. Detailed filing data is available for this year.$24.5$3.40$21.1$4.02$1.57$2.45
2014Detailed filing. Detailed filing data is available for this year.$22.7$3.62$19.1$2.88$1.70$1.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.1$2.97$16.1$1.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$2.67$14.3$2.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.3$2.64$14.7$1.65