Civic Intelligence

Arkansas Tech University Foundation

990 • Fiscal year 2019 • EIN 71-0561120

Jul 01, 2018 to Jun 30, 2019 • Filed on May 12, 2020

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

40th percentile

0.15x

Higher debt load relative to assets than 40% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

69th percentile

0.63x

Higher debt load relative to revenue than 69% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

97th percentile

78%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

78th percentile

15%

Faster asset growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

95th percentile

118%

Faster revenue growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$38,185,742

Up $4,933,516 (+15%) from 2018

Net Assets

Up

$32,543,202

Up $3,666,514 (+13%) from 2018

Liabilities

Up

$5,642,540

Up $1,267,002 (+29%) from 2018

Revenue

Up

$8,929,385

Up $4,825,320 (+118%) from 2018

Expenses

Down

$1,954,663

Down $586,993 (-23%) from 2018

Net Income

Up

$6,974,722

Up $5,412,313 (+346%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$38,185,742
Liabilities$5,642,540
Net Assets$32,543,202

Operations Trend

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

2019

Revenue$8,929,385
Expenses$1,954,663
Net Income$6,974,722
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 12, 2020
Return Version
2018v3.2
Gross Receipts
$8,929,385
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$29,863,537$32,607,945▲ $2,744,408
Investments Other Securities$2,447,392$2,504,414▲ $57,022
Pledges and Grants Receivable$365,134$2,163,782▲ $1,798,648
Savings and Temporary Cash Investments$438,521$668,905▲ $230,384
Cash and Non-Interest-Bearing Accounts$137,642$240,696▲ $103,054
Total Assets$33,252,226$38,185,742▲ $4,933,516
Liabilities
Other Liabilities$4,371,294$5,639,035▲ $1,267,741
Accounts Payable and Accrued Expenses$4,244$3,505▼ $739
Total Liabilities$4,375,538$5,642,540▲ $1,267,002
Net Assets / Fund Balance
Permanently Rstr Net Assets$16,939,490$20,316,595▲ $3,377,105
Unrestricted Net Assets$6,154,795$6,298,692▲ $143,897
Temporarily Rstr Net Assets$5,782,403$5,927,915▲ $145,512
Total Net Assets Fund Balance$28,876,688$32,543,202▲ $3,666,514
Total Liabilities and Net Assets / Fund Balance$33,252,226$38,185,742▲ $4,933,516

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$360,518--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$16,939,490$3,323,638▲ $13,993-$20,316,595
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
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad ThresherDirector
Brent GarrettDirector
Bryan FisherDirector
Bryce MobleyDirector
Danny TrouttDirector
Deana InfieldDirector
Fred SimonDirector
J W StrattonDirector
Jeff WardDirector
Josh MastersDirector
Luke BradshawDirector
Michael McspaddenDirector
Steve AndersonDirector
Steve RoseDirector
Todd MeimerstorfDirector
Tom LastovicaDirector
Wayne YoungDirector-vic
Norma MearesDirector/pre
Laurie BiblerDirector/sec
Barton AllenDirector/vic
Revenue and Support

Revenue Composition

Contributions and Grants
$5,062,791
Program Service Revenue
$0
Investment Income
$3,866,594
Other Revenue
$0
All Other Contributions
$5,062,791
Change in Net Assets
$6,974,722

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table2$558,948Salary Amounts From Atu
Total Noncash Contributions2$558,948-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,929,385
Revenue Not Reported on Form 990
$-2,190,314
Total Revenue per Audited Statements
$6,739,071
Total Revenue per Form 990
$8,929,385
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,399,561
Grants and Similar Amounts Paid$555,102
Total Fundraising Expense$104,802
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$555,102--$555,102
All Other Expenses$433,677$10,098$104,802$548,577
Other Expenses$105,573$102,310-$105,573
Travel$96,475--$96,475
Fees for Services Lobbying-$80,000-$80,000
Fees for Services Accounting-$6,053-$6,053
Insurance$1,936--$1,936
Occupancy-$1,200-$1,200
Total Functional Expenses$1,650,200$199,661$104,802$1,954,663

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,513,610
Expenses per Audited Statements$1,954,663
Total Expenses per Form 990$1,954,663
Expenses Not Reported on Form 990$558,947
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$80,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
University Funds Under Management$5,579,103
Liability for Annuities$59,932
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

Landmark, lllp landmark 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
Bryan Fisher
Title
Director
Phone
4799680400
Signed
2020-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bryan Fisher
Voting Board Members
20
Independent Board Members
20
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

Fundraising 0 0 104,802 food and entertainment 100,797 0 0 printing 97,952 0 0 dues and seminars 58,295 0 0 other fees and services 45,746 0 0 awards 44,548 0 0 repairs 20,454 0 0 annuity benefits 17,168 0 0 educational equipment 14,823 0 0 computers and computer eq 14,742 0 0 taxes 10,588 0 0 books and educational mat 7,250 0 0 bank charges 0 6,125 0 office supplies and expen 0 3,973 0 postage 750 0 0 event tickets 545 0 0 miscellaneous 19 0 0 total 433,677 10,098 104,802

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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.
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Document Assets

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Filings

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