ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION INC

EIN: 710489924 501(c)(3) Education

STATE UNIVERSITY, AR

Total Revenue
$32,061,294
Total Expenses
$14,808,782
Total Assets
$191,760,441
Net Assets
$174,684,904
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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
AR
Principal Officer
NICOLE FREY
Phone
8709722775
Tax Period
2024-07-01 to 2025-06-30

Arkansas State University System Foundation Inc, founded in 1977, is a mid-sized nonprofit in the Education sector that reported $18.2M in total revenue in fiscal year 2017. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.4M, a strong 79% operating margin.

Mission

THE PRIMARY PURPOSE OF THE FOUNDATION IS TO RECEIVE, SOLICIT, ACCEPT AND HOLD, ADMINISTER, INVEST AND DISBURSE ANY AND EVERY KIND OF PROPERTY FOR SUCH EDUCATION, SCIENTIFIC, LITERARY, RESEARCH AND SERVICE ACTIVITIES FROM INDIVIDUALS AND ORGANIZATIONS, INCLUDING FOUNDATIONS, GOVERNMENT AGENCIES, AND PRIVATE BUSINESSES, TO SUPPORT THE CORPORATION'S ACTIVITIES, AND IT SHALL MANAGE ENDOWMENTS GIVEN TO THE CORPORATION FOR THE BENEFIT OF ALL THE ARKANSAS STATE UNIVERSITY SYSTEM CAMPUSES OPERATIONS, SITES AND FACILITIES.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $18,846,357
Program Service Revenue $0
Investment Income $12,555,212
Other Revenue $659,725
TOTAL REVENUE $32,061,294

Expense Breakdown

Grants Paid $10,716,010
Salaries & Benefits $596,179
Fundraising Expenses $0
Program Expenses $14,565,534
Other Expenses $3,496,593
TOTAL EXPENSES $14,808,782

Year-over-Year Comparison

2024 2023 Change
Revenue $32,061,294 $39,409,489 -0.2%
Expenses $14,808,782 $8,270,123 +0.8%
Net Income $17,252,512 $31,139,366 -0.4%
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
10
Independent Members
10
Employees
N/A
Volunteers
11

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
7
$230,682
Total Directors
15
$230,682
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLE FREY PRESIDENT 1.00
Officer Director
$0 $35,478 $157,071
MELISSA LIVINGSTON BOARD LIASON 1.00
Officer Director
$0 $16,597 $73,611
CHARLOTTE RAZER BOARD CHAIR 1.00
Officer Director
$0 $0 $0
DAVID A PICKLER BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
DR HAZEL DICKEY IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
PAM KAIL SECRETARY 1.00
Officer Director
$0 $0 $0
PHILIP JACKSON FORMER PRESIDENT 1.00
Officer Director
$0 $0 $0
PHILLIP BUTTERFIELD DIRECTOR 1.00
Director
$0 $0 $0
CHRIS VANLANDINGHAM DIRECTOR 1.00
Director
$0 $0 $0
SHARON DAVIS DIRECTOR 1.00
Director
$0 $0 $0
JIM GOWEN JR DIRECTOR 1.00
Director
$0 $0 $0
JOE MILES DIRECTOR 1.00
Director
$0 $0 $0
CRAIG WALKER DIRECTOR 1.00
Director
$0 $0 $0
HUGH BURGE DIRECTOR 1.00
Director
$0 $0 $0
SCOTT WHITE 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 $32,061,294 $14,808,782 $191,760,441 $17,252,512
2024 $39,409,489 $8,270,123 $167,464,277 $31,139,366
2023 $10,187,918 $10,145,082 $129,583,231 $42,836
2022 $12,203,394 $7,097,922 $121,901,814 $5,105,472
2021 $17,531,614 $5,429,952 $136,091,446 $12,101,662
2020 $11,881,080 $4,625,048 $112,475,208 $7,256,032
2019 $17,748,598 $11,772,346 $108,442,522 $5,976,252
2018 $18,232,156 $3,873,634 $96,866,338 $14,358,522
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