ARKANSAS STATE UNIVERSITY REAL ESTATE FOUNDATION INC

EIN: 454896479 501(c)(3) Education

STATE UNIVERSITY, AR

Total Revenue
$43,504
Total Expenses
$2,550,399
Total Assets
$3,615,497
Net Assets
$3,612,169
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
AR
Principal Officer
NICOLE FREY
Phone
8709722775
Tax Period
2024-07-01 to 2025-06-30

ARKANSAS STATE UNIVERSITY REAL ESTATE FOUNDATION INC, founded in 2012, is a micro nonprofit in the Education sector that reported $44K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 5762% operating deficit.

Mission

THE ORGANIZATION ACCEPTS GIFTS OF REAL AND PERSONAL PROPERTY THAT PERSONS AND ENTITIES WISH TO DONATE TO MEMBER CAMPUSES OF THE ARKANSAS STATE UNIVERSITY SYSTEM IN SUPPORT AND FURTHERANCE OF ITS EDUCATIONAL PURPOSES AND MISSION.

Program Service Accomplishments

Program 1
Expenses: $2,513,316

TO ACCEPT AND MAINTAIN GIFTS OF REAL AND PERSONAL PROPERTY DONATED TO ARKANSAS STATE UNIVERSITY IN SUPPORT AND FURTHERANCE OF ITS EDUCATIONAL PURPOSES AND MISSION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $43,504
TOTAL REVENUE $43,504

Expense Breakdown

Grants Paid $2,339,652
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,513,316
Other Expenses $210,747
TOTAL EXPENSES $2,550,399

Year-over-Year Comparison

2024 2023 Change
Revenue $43,504 $3,130,248 -1.0%
Expenses $2,550,399 $169,602 +14.0%
Net Income $-2,506,895 $2,960,646 -1.8%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
3

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$157,071
Total Directors
4
$157,071
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WAYNE WIGGINS CHAIRMAN 1.00
Officer Director
$0 $0 $0
DAN PIERCE VICE-CHAIRMAN 1.00
Officer Director
$0 $0 $0
NICOLE FREY SECRETARY/TREASURER 1.00
Officer Director
$0 $35,478 $157,071
MIKE GIBSON DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $43,504 $2,550,399 $3,615,497 $-2,506,895
2024 $3,130,248 $169,602 $6,119,500 $2,960,646
2023 $2,565,336 $72,769 $3,163,606 $2,492,567
2022 $432,085 $56,695 $666,227 $375,390
2021 $398,014 $358,202 $290,461 $39,812
2020 $270,269 $251,115 $251,604 $19,154
2018 $1,630,046 $8,696 $1,735,270 $1,621,350
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