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 Vulnerability Assessment (Tuckman-Chang)

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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 $32.1M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $17.3M, a strong 54% operating margin.

Mission

THE PRIMARY PURPOSE OF THE ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION, INC. (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.

Program Service Accomplishments

Program 1
Expenses: $10,716,010

ASU SUPPORT:THE PRIMARY PURPOSE OF THE ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION, INC. (THE FOUNDATION) IS TO RECEIVE, SOLICIT, ACCEPT AND HOLD, ADMINISTER, INVEST AND DISBURSE ANY AND EVERY KIND...

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ASU SUPPORT:THE PRIMARY PURPOSE OF THE ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION, INC. (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.

Program 2
Expenses: $2,309,714

ASU ACADEMIC SUPPORT:THE ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION, INC. PROVIDES FINANCIAL ASSISTANCE TO ALL MEMBER CAMPUSES OF THE ARKANSAS STATE UNIVERISTY SYSTEM AND RELATED ENTITIES IN SUPPORT...

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ASU ACADEMIC SUPPORT:THE ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION, INC. PROVIDES FINANCIAL ASSISTANCE TO ALL MEMBER CAMPUSES OF THE ARKANSAS STATE UNIVERISTY SYSTEM AND RELATED ENTITIES IN SUPPORT OF TEACHING, RESEARCH, DISTANCE LEARNING, LIBRARY MEDIA SERVICES, ECONOMIC DEVELOPMENT AND OUTREACH PROGRAMS BY SUPPLEMENTING UNIVERSITY BUDGETS FOR SUPPLIES AND SERVICES, TRAVEL, EQUIPMENT, TECHNOLOGY, HUMAN RESOURCES AND ALL OTHER COSTS RELATED TO THE UNIVERSITY'S ACADEMIC MISSION.

Program 3
Expenses: $769,905

ADMINISTRATIVE SUPPORT:THE ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION, INC. PROVIDES FINANCIAL ASSISTANCE TO ALL MEMBER CAMPUSES OF THE ARKANSAS STATE UNIVERISTY SYSTEM IN SUPPORT OF ADMINISTRATIVE...

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ADMINISTRATIVE SUPPORT:THE ARKANSAS STATE UNIVERSITY SYSTEM FOUNDATION, INC. PROVIDES FINANCIAL ASSISTANCE TO ALL MEMBER CAMPUSES OF THE ARKANSAS STATE UNIVERISTY SYSTEM IN SUPPORT OF ADMINISTRATIVE FUNCTIONS LIKE ACADEMIC AFFAIRS, STUDENT AFFAIRS, RESIDENCE LIFE, RECRUITING, COUNSELING, FACILITIES MANAGEMENT, ADVANCEMENT, ALUMNI RELATIONS, INFORMATION TECHNOLOGY, CAREER MANAGEMENT, DISABILITY SERVICES AD DIVERSITY INITIATIVES BY SUPPLEMENTING UNIVERSITY BUDGETS FOR SUPPLIES AND SERVICES, TRAVEL, EQUIPMENT, TECHNOLOGY, HUMAN RESOURCES AND ALL OTHER COSTS RELATED TO THE UNIVERSITY'S ACADEMIC 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 $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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