ARKANSAS SINGLE PARENT SCHOLARSHIP FUND

EIN: 710704088 501(c)(3)

SPRINGDALE, AR

Total Revenue
$1,331,027
Total Expenses
$2,968,461
Total Assets
$8,132,741
Net Assets
$7,953,133
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
AR
Principal Officer
JENN MOREHEAD
Phone
4799271402
Tax Period
2023-01-01 to 2023-12-31

ARKANSAS SINGLE PARENT SCHOLARSHIP FUND INC, founded in 1990, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2018. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 107% operating deficit.

Mission

THE MISSION OF ARKANSAS SINGLE PARENT SCHOLARSHIP FUND IS TO ENABLE SINGLE PARENTS TO OBTAIN SELF-SUFFICIENCY THROUGH POST SECONDARY EDUCATION.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $973,611
Program Service Revenue $0
Investment Income $344,753
Other Revenue $12,663
TOTAL REVENUE $1,331,027

Expense Breakdown

Grants Paid $23,482
Salaries & Benefits $1,265,021
Fundraising Expenses $454,733
Program Expenses $1,972,032
Other Expenses $1,679,958
TOTAL EXPENSES $2,968,461

Year-over-Year Comparison

2023 2022 Change
Revenue $1,331,027 $1,344,973 0.0%
Expenses $2,968,461 $3,260,189 -0.1%
Net Income $-1,637,434 $-1,915,216 -0.1%
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
14
Independent Members
14
Employees
22
Volunteers
413

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
4
$124,028
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARMANE ANDREWS VICE PRECIDENT 2.00
Officer Director
$0 $0 $0
DAN BREWER DIRECTOR 0.50
Director
$0 $0 $0
RYAN MORROW DIRECTOR 0.50
Director
$0 $0 $0
VENTRELL THOMPSON DIRECTOR 0.50
Director
$0 $0 $0
MIKE WEAVER DIRECTOR 0.50
Director
$0 $0 $0
SUNSHINE BARTLETT PRESIDENT 2.00
Officer Director
$0 $0 $0
BETSY BAKER DIRECTOR 0.50
Director
$0 $0 $0
ADELENE MCCLENNY DIRECTOR 0.50
Director
$0 $0 $0
JEAN BLOCK DIRECTOR 0.50
Director
$0 $0 $0
MARK STEENHOEK DIRECTOR 0.50
Director
$0 $0 $0
RAY WINIECKI DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL O'BRYAN TREASURER 0.50
Officer Director
$0 $0 $0
MARET CAHILL WICKS DIRECTOR 0.50
Director
$0 $0 $0
EDDIE THOMAS DIRECTOR 0.50
Director
$0 $0 $0
RUTHANNE HILL EXECUTIVE DIRECTOR 40.00
Officer
$124,028 $0 $124,028
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
2024 No data No data No data No data
2023 $1,331,027 $2,968,461 $8,132,741 $-1,637,434
2022 $1,344,973 $3,260,189 $9,598,450 $-1,915,216
2021 $7,533,231 $3,202,975 $12,312,372 $4,330,256
2020 $2,732,843 $3,444,750 $7,679,595 $-711,907
2019 $1,766,508 $2,806,496 $7,993,922 $-1,039,988
2018 $1,200,160 $2,478,411 $8,932,576 $-1,278,251
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