Civic Intelligence

Arkansas Higher Education Consortium Benefits Trust

990 • Fiscal year 2016 • EIN 71-6157730

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 12, 2017

Organization ProfileN/A

View Organization Page

PO Box 10Melbourne, AR 72556

(870) 368-7371

Siviq Scores

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

Liabilities / Assets

87th percentile

0.52x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

28th percentile

0.01x

Higher debt load relative to revenue than 28% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Net Margin

48th percentile

1.9%

Higher net margin than 48% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

58th percentile

$13,747

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Asset Growth

9th percentile

-21%

Faster asset growth than 9% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

14th percentile

-13%

Faster revenue growth than 14% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$126,022

Down $34,015 (-21%) from 2015

Net Assets

Up

$60,848

Up $237,199 (+135%) from 2015

Liabilities

Down

$65,174

Down $271,214 (-81%) from 2015

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin48th percentile

Revenue

Down

$12,807,446

Down $1,854,481 (-13%) from 2015

Expenses

Down

$12,570,247

Down $2,446,105 (-16%) from 2015

Net Income

Up

$237,199

Up $591,624 (+167%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $3,241,906Liabilities 2011: $0Net Assets 2011: $3,241,9062011Assets 2012: $814,868Liabilities 2012: $0Net Assets 2012: $814,8682012Assets 2013: $690,737Liabilities 2013: $0Net Assets 2013: $690,7372013Assets 2014: $178,074Liabilities 2014: $0Net Assets 2014: $178,0742014Assets 2015: $160,037Liabilities 2015: $336,388Net Assets 2015: -$176,3512015Assets 2016: $126,022Liabilities 2016: $65,174Net Assets 2016: $60,8482016Assets 2017: $32,513Liabilities 2017: $83,138Net Assets 2017: -$50,6252017Assets 2018: $370,998Liabilities 2018: $83,157Net Assets 2018: $287,8412018Assets 2019: $1,154,523Liabilities 2019: $0Net Assets 2019: $1,154,5232019Assets 2020: $2,830,712Liabilities 2020: $0Net Assets 2020: $2,830,7122020Assets 2021: $4,022,869Liabilities 2021: $0Net Assets 2021: $4,022,8692021Assets 2022: $3,595,739Liabilities 2022: $0Net Assets 2022: $3,595,7392022Assets 2023: $4,465,927Liabilities 2023: $0Net Assets 2023: $4,465,9272023Assets 2024: $4,629,645Liabilities 2024: $0Net Assets 2024: $4,629,6452024

Highlighted filing

2016

Assets$126,022
Liabilities$65,174
Net Assets$60,848
Open 2016 Filing

Operations Trend

Revenue Growth14th percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $14,406,8072011Revenue 2012: $14,344,751Expenses 2012: $16,772,094Net Income 2012: -$2,427,3432012Expenses 2013: $16,103,0812013Revenue 2014: $15,630,673Expenses 2014: $16,143,336Net Income 2014: -$512,6632014Revenue 2015: $14,661,927Expenses 2015: $15,016,352Net Income 2015: -$354,4252015Revenue 2016: $12,807,446Expenses 2016: $12,570,247Net Income 2016: $237,1992016Revenue 2017: $11,979,520Expenses 2017: $12,090,993Net Income 2017: -$111,4732017Revenue 2018: $7,421,865Expenses 2018: $7,083,399Net Income 2018: $338,4662018Revenue 2019: $7,370,746Expenses 2019: $6,504,064Net Income 2019: $866,6822019Revenue 2020: $7,651,577Expenses 2020: $6,020,592Net Income 2020: $1,630,9852020Revenue 2021: $7,335,789Expenses 2021: $6,118,292Net Income 2021: $1,217,4972021Revenue 2022: $7,019,745Expenses 2022: $7,061,455Net Income 2022: -$41,7102022Revenue 2023: $7,599,254Expenses 2023: $6,657,263Net Income 2023: $941,9912023Revenue 2024: $8,010,763Expenses 2024: $7,838,495Net Income 2024: $172,2682024

Highlighted filing

2016

Revenue$12,807,446
Expenses$12,570,247
Net Income$237,199
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 12, 2017
Return Version
2015v3.0
Gross Receipts
$12,807,446
Mission and Program Overview

Mission

The plan provides benefits covering all eligible employees of the participating educational institutions. The plan is subject to erisa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$160,037$126,022▼ $34,015
Rtn Earn Endowment Incm Other Fnds$-176,351$60,848▲ $237,199
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$160,037$126,022▼ $34,015
Liabilities
Other Liabilities$336,388$65,174▼ $271,214
Total Liabilities$336,388$65,174▼ $271,214
Net Assets / Fund Balance
Total Net Assets Fund Balance$-176,351$60,848▲ $237,199
Total Liabilities and Net Assets / Fund Balance$160,037$126,022▼ $34,015
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleBaseTotal
Morris BoydstunBoard Member$13,747$13,747

Board Members and Trustees

NameTitle
Becky RiggsBoard Member
Brenda GilloglyBoard Member
Deedra SteedBoard Member
Janis SawyerBoard Member
Jim McclainBoard Member
Kris GreeningBoard Member
Patricia PalmerBoard Member
Richard StipeBoard Member
Susan MarshallBoard Member
-Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,802,070
Investment Income
$140
Other Revenue
$5,236
Change in Net Assets
$237,199

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,807,446
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$12,807,446
Total Revenue per Form 990
$12,807,446
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$605,449
Salaries, Compensation, and Employee Benefits$13,747
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$11,951,051
Current Officers, Directors, Trustees, and Key Employees---$13,747
Other Expenses---$5,190
All Other Expenses---$3,986
Total Functional Expenses$0$0$0$12,570,247

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,570,247
Total Expenses per Audited Statements$12,570,247
Total Expenses per Form 990$12,570,247
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Checks Issued Against Future Deposits$65,174
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
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 11

“The chair of the board performs a detailed review of this form 990 prior to issuance.”

Form 990, Part VI, Section B, Line 15A

“The compensation for the chair of the board is reviewed and approved at annual meetings by the board.”

Form 990, Part VI, Section C, Line 18

“The plan makes its 990 available upon request.”

Form 990, Part VI, Section C, Line 19

“The plan makes its governing documents and financial statements available to the public upon request.”

Form 990, Part VII

“Regions bank - 400 w. Capitol ave, little rock, ar 72201. Becky riggs - 300 south west avenue, el dorado, ar 71731-7010. Richard stipe - 1700 newcastle road, forrest city, ar 72335-9598. Morris boydstun - 1100 bush street, mena, ar 71953. Janis sawyer - 101 college drive, hot springs, ar 71913-9174. Jim mcclain - p.o. Box 1109, blytheville, ar 72326-1109. Kris greening - pioneer ridge, harrison, ar 72601. Deedra steed - p.o. Box 10, melbourne, ar 72556. Patricia palmer - 3000 west senic drive, north little rock, ar 72118. Brenda gillogly - p.o. Box 468, pocahontas, ar 72455. Susan marshall - 2000 west broadway, west memphis, ar 72301.”

Filing and Contact Details

Filer

Filer Name
Arkansas Higher Education
EIN
71-6157730
Phone
8703687371
Address
PO BOX 10, MELBOURNE, AR 72556

Signing Officer

Name
Ms Deedra Steed
Title
Chair of the Board
Phone
8703687371
Signed
2017-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ms Deedra Steed
Formed
1992
Legal Domicile
Ar
Voting Board Members
10
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Reynolds Bone & Griesbeck Plc
Address
5100 WHEELIS DRIVE SUITE 300, MEMPHIS, TN 38117-4568
Phone
9016822431
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“U.s. Gaap require plan management to evaluate tax positions taken by the plan and recognize a tax liability if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the irs.”

Raw XML Appendix334 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.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0U.S. GAAP REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt012570247
IRS990ScheduleD/TotalLiabilityAmt065174
IRS990ScheduleD/TotalRevenuePerForm990Amt012807446
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012807446
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012570247
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHAIR OF THE BOARD PERFORMS A DETAILED REVIEW OF THIS FORM 990 PRIOR TO ISSUANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPENSATION FOR THE CHAIR OF THE BOARD IS REVIEWED AND APPROVED AT ANNUAL MEETINGS BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PLAN MAKES ITS 990 AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PLAN MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REGIONS BANK - 400 W. CAPITOL AVE, LITTLE ROCK, AR 72201. BECKY RIGGS - 300 SOUTH WEST AVENUE, EL DORADO, AR 71731-7010. RICHARD STIPE - 1700 NEWCASTLE ROAD, FORREST CITY, AR 72335-9598. MORRIS BOYDSTUN - 1100 BUSH STREET, MENA, AR 71953. JANIS SAWYER - 101 COLLEGE DRIVE, HOT SPRINGS, AR 71913-9174. JIM MCCLAIN - P.O. BOX 1109, BLYTHEVILLE, AR 72326-1109. KRIS GREENING - PIONEER RIDGE, HARRISON, AR 72601. DEEDRA STEED - P.O. BOX 10, MELBOURNE, AR 72556. PATRICIA PALMER - 3000 WEST SENIC DRIVE, NORTH LITTLE ROCK, AR 72118. BRENDA GILLOGLY - P.O. BOX 468, POCAHONTAS, AR 72455. SUSAN MARSHALL - 2000 WEST BROADWAY, WEST MEMPHIS, AR 72301.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AR
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0160037
IRS990/TotalAssetsEOYAmt0126022
IRS990/TotalAssetsGrp/BOYAmt0160037
IRS990/TotalAssetsGrp/EOYAmt0126022
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt012570247
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0336388
IRS990/TotalLiabilitiesEOYAmt065174
IRS990/TotalLiabilitiesGrp/BOYAmt0336388
IRS990/TotalLiabilitiesGrp/EOYAmt065174
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-176351
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt060848
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt012802070
IRS990/TotalReportableCompFromOrgAmt013747
IRS990/TotalRevenueGrp/ExclusionAmt0140
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012807306
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt012807446
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0160037
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0126022
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 10
IRS990/USAddress/CityNm0MELBOURNE
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072556
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MS DEEDRA STEED
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR OF THE BOARD
ReturnHeader/BusinessOfficerGrp/PhoneNum08703687371
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARKANSAS HIGHER EDUCATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CONSORTIUM BENEFITS TRUST
ReturnHeader/Filer/BusinessNameControlTxt0ARKA
ReturnHeader/Filer/EIN0716157730
ReturnHeader/Filer/PhoneNum08703687371
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 10
ReturnHeader/Filer/USAddress/CityNm0MELBOURNE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072556
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0620428728
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REYNOLDS BONE & GRIESBECK PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05100 WHEELIS DRIVE SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0381174568
ReturnHeader/PreparerPersonGrp/PhoneNum09016822431
ReturnHeader/ReturnTs02017-04-12T12:20:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$126,022
Liabilities
$65,174
Net assets
$60,848
Revenue
$12,807,446
Expenses
$12,570,247
Net income
$237,199
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.63$0.00$4.63$8.01$7.84$0.17
2023Detailed filing. Detailed filing data is available for this year.$4.47$0.00$4.47$7.60$6.66$0.94
2022Detailed filing. Detailed filing data is available for this year.$3.60$0.00$3.60$7.02$7.06$0.04
2021Detailed filing. Detailed filing data is available for this year.$4.02$0.00$4.02$7.34$6.12$1.22
2020Detailed filing. Detailed filing data is available for this year.$2.83$0.00$2.83$7.65$6.02$1.63
2019Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$7.37$6.50$0.87
2018Detailed filing. Detailed filing data is available for this year.$0.37$0.08$0.29$7.42$7.08$0.34
2017Detailed filing. Detailed filing data is available for this year.$0.03$0.08$0.05$12.0$12.1$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.13$0.07$0.06$12.8$12.6$0.24
2015Detailed filing. Detailed filing data is available for this year.$0.16$0.34$0.18$14.7$15.0$0.35
2014Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$15.6$16.1$0.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.00$0.69$16.1
2012Summary only. Only limited summary data is available for this year.$0.81$0.00$0.81$14.3$16.8$2.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.24$0.00$3.24$14.4