FRIENDSHIP ASPIRE ARKANSAS INC

EIN: 823957417 501(c)(3) Education

Little Rock, AR

Total Revenue
$19,896,007
Total Expenses
$20,256,883
Total Assets
$4,467,233
Net Assets
$4,119,541
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
AR
Principal Officer
Phong Tran
Phone
5015009336
Tax Period
2023-07-01 to 2024-06-30

Friendship Aspire Arkansas Inc, founded in 2018, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2020. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $4.7M left a modest 6% surplus.

Mission

To provide world-class education that motivates students to achieve high acadamic standards, enjoy learning and develop as ethical, literate, well-rounded and self-sufficient citizens who contribute actively to their communities.

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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 $19,896,007
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $19,896,007

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,724,796
Fundraising Expenses $0
Program Expenses $13,922,529
Other Expenses $15,532,087
TOTAL EXPENSES $20,256,883

Year-over-Year Comparison

2023 2022 Change
Revenue $19,896,007 $16,214,708 +0.2%
Expenses $20,256,883 $16,440,823 +0.2%
Net Income $-360,876 $-226,115 +0.6%
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
3
Independent Members
3
Employees
219
Volunteers
N/A

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
$486,850
Total Directors
5
$294,132
Key Employees
6
$664,376
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joe Harris CEO 5
Officer Director
$0 $0 $210,000
Phong Tran Superintendent 5
Officer
$0 $0 $192,718
Isaac Henry Dir. of Development 40
Key Emp
$120,378 $0 $120,378
Scott McRae Dir. of Finance 40
Key Emp
$118,112 $0 $118,112
Johnny Laine Principal 40
Key Emp
$108,649 $0 $108,649
Kevin Young Principal 40
Key Emp
$107,464 $0 $107,464
Ashley Williams Principal 40
Key Emp
$105,667 $0 $105,667
Anitra Rogers Principal 40
Key Emp
$104,106 $0 $104,106
Donald Hense Trustee 5
Officer Director
$0 $0 $84,132
Chris Bell Trustee 1
Director
$0 $0 $0
Chad Froud Trustee 1
Director
$0 $0 $0
Jeff Pulliam Director 1
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 No data No data No data No data
2024 $19,896,007 $20,256,883 $4,467,233 $-360,876
2023 $16,214,708 $16,440,823 $1,912,286 $-226,115
2022 $10,491,676 $9,691,640 $2,422,345 $800,036
2021 $5,024,229 $4,707,640 $950,257 $316,589
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