Southwest Arkansas Arts Council Inc

EIN: 581696390 501(c)(3)

Hope, AR

Total Revenue
$94,456
Total Expenses
$86,046
Total Assets
$129,472
Net Assets
$97,133
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
AR
Principal Officer
Lindsey Honea
Phone
8707778200
Tax Period
2019-07-01 to 2020-06-30

Southwest Arkansas Arts Council Inc, founded in 1993, is a small nonprofit that reported $115K in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year.

Mission

Supporting and promoting the growth and development of the arts and humanities in Southwest Arkansas through various educational programs, theatrical performances, and public art projects.

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Trantor Score

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

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $92,370
Program Service Revenue $0
Investment Income $2,086
Other Revenue $0
TOTAL REVENUE $94,456

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,481
Fundraising Expenses $0
Program Expenses $86,046
Other Expenses $65,565
TOTAL EXPENSES $86,046

Year-over-Year Comparison

2019 2018 Change
Revenue $94,456 $114,668 -0.2%
Expenses $86,046 $124,082 -0.3%
Net Income $8,410 $-9,414 -1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
20
Employees
2
Volunteers
45

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
6
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lindsey Honea President 5.00
Officer Director
$0 $0 $0
Dolly Henley Past President 5.00
Officer Director
$0 $0 $0
Anna Powell 1st Vice Pres 5.00
Officer Director
$0 $0 $0
Rodney Steele 2nd Vice Pres 5.00
Officer Director
$0 $0 $0
Judy Vaughan Secretary 5.00
Officer Director
$0 $0 $0
Brian Berry Treasurer 0.00
Officer Director
$0 $0 $0
Jennifer Block Director 0.00
Director
$0 $0 $0
Jason Campbell Director 0.00
Director
$0 $0 $0
Glenda Clark Director 0.00
Director
$0 $0 $0
Paula Gunter Director 0.00
Director
$0 $0 $0
Dolly Hutson Director 0.00
Director
$0 $0 $0
Wendy Jones Director 0.00
Director
$0 $0 $0
Amanda Lance Director 0.00
Director
$0 $0 $0
Ken McLemore Director 0.00
Director
$0 $0 $0
Aley Mendoza Director 0.00
Director
$0 $0 $0
Israel Akili Moses Director 0.00
Director
$0 $0 $0
Margaret Moss Director 0.00
Director
$0 $0 $0
Craig Robinson Director 0.00
Director
$0 $0 $0
Cherry Stewart Director 0.00
Director
$0 $0 $0
Jennifer Wright Director 0.00
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
2020 $94,456 $86,046 $129,472 $8,410
2019 $114,668 $124,082 $118,340 $-9,414
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