2025-03-11T14:02:56-05:00 2023-06-30 710825859 EMRICH & SCROGGINS LLP CPA'S 920 NORTH JEFFERSON EL DORADO AR 717304621 990 2022-07-01 716053580 SOUTH ARKANSAS ARTS CENTER SOUT 8708625474 110 EAST 5TH STREET EL DORADO AR 71730 LAURA ALLEN EXECUTIVE DIRECTOR 8708625474 2025-03-10 1 0 STACY D SCROGGINS CPA P00773646 8708626510 X 2022 2025-03-06 01:10:19Z X LAURA ALLEN 110 EAST 5TH STREET EL DORADO AR 71730 5766968 0 X N/A X 1963 AR TO PROMOTE PUBLIC AWARENESS OF THE PERFORMING AND VISUAL ARTS AND TO PROVIDE SUPPORT FOR THE DEVELOPMENT AND PROMOTION OF ARTISTIC EXPRESSION 15 15 8 255 0 0 1079843 700283 102785 178994 509564 536082 103782 51359 1795974 1466718 2000 3000 0 0 273829 287956 0 0 10367 484301 557682 760130 848638 1035844 618080 9586479 10801988 56243 218103 9530236 10583885 X TO PROVIDE PUBLIC EDUCATION IN THE AREAS OF PERFORMING AND VISUAL ARTS 0 0 20771 175817 AIE DIVISION PROVIDES ARTISTS IN EDUCATION RESIDENCIES TO SURROUNDING SCHOOLS WHICH INTEGRATE DIFFERENT ART DISCIPLINES INTO THEIR SCHOOL PROGRAMS 11219 THEATRE DIVISION PROVIDES WORKSHOPS TO THE GENERAL PUBLIC (ELEMENTARY THRU SENIOR CITIZENS), THREE COMMUNITY PLAYS PER YEAR, AND PRESENTS PUBLIC TOURING REGIONAL AND NATIONAL ARTISTS 20232 3000 VISUAL ARTS DIVISION PROVIDES WORKSHOPS TO THE GENERAL PUBLIC (ELEMENTARY THRU SENIOR CITIZENS), COMPETITIONS FOR YOUTH, NON-MEMBERS AND MEMBERS. IT ALSO PROVIDES EXHIBITIONS OF LOCAL AND NATIONAL ARTISTS 347026 OUTREACH PROGRAMS INCLUDE CLASSES DESIGNED TO PROMOTE, BRIDGE FACILITATE AND SUPPORT THE IDEAS AND FORMS OF ARTISTIC EXPRESSION AND APPRECIATION IN THE REGION AND ABROAD; THIS ALSO INCLUDES SUPPORT STAFF COSTS DESIGNATED PROGRAMS INCLDUDES VARIOUS SCHOLARSHIPS AWARDED TO PROMOTE STUDENTS TO CONTINUE THEIR EDUCATION. 347026 399248 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 41 0 1 8 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 AR X LAURA ALLEN EXECUTIVE DIRECTOR 8708625474 110 EAST 5TH STREET EL DORADO AR 71730 JOANNA BENSON BOARD MEMBER 0.50 X 0 0 0 BENTON GARRISON SECRETARY 0.50 X X 0 0 0 KIM NEWMAN BOARD MEMBER 0.50 X 0 0 0 JENNIFER STONE BOARD MEMBER 0.50 X 0 0 0 MICHAEL VERDESCA PRESIDENT 0.50 X X 0 0 0 DONNA BEVILL TREASURER 0.50 X X 0 0 0 VINCENT DAWSON BOARD MEMBER 0.50 X 0 0 0 KAYLA DOHERTY BOARD MEMBER 0.50 X 0 0 0 CAROLINE CALLOWAY BOARD MEMBER 0.50 X 0 0 0 HANNAH SINGLETON BOARD MEMBER 0.50 X 0 0 0 RUDY BRIGHT VICE PRESIDENT 0.50 X X 0 0 0 ANDRIA GLEGHORN BOARD MEMBER 0.50 X 0 0 0 BRANDI PARKER BOARD MEMBER 0.50 X 0 0 0 SYLVIA THOMPSON BOARD MEMBER 0.50 X 0 0 0 DREW SHEPPARD BOARD MEMBER 0.50 X 0 0 0 LAURA ALLEN EXECUTIVE DIRECTOR 40.00 X 72240 0 0 72240 0 0 0 0 0 0 IDEAL CONSTRUCTION COMPANY 803 W 1ST AVENUE CROSSETT AR 71635 CONSTRUCTION OF ADDITION 1464394 1 94415 605868 700283 BOX OFFICE ADMISSION 900099 78339 78339 TUITION AND CLASSES 900099 63629 63629 SPONSORSHIPS 900099 37026 37026 178994 326187 326187 4510145 4292953 7297 217192 -7297 209895 -7297 217192 47239 0 47239 47239 MISCELLANEOUS 900099 4120 4120 4120 1466718 175817 0 590618 X 3000 3000 225956 225956 44642 44642 17358 17358 56569 56569 5562 5562 15856 15856 34420 25815 8605 9788 9788 57307 42980 14327 22509 16882 5627 CLASS EXPENSES 164385 164385 REPAIRS AND MAINTENANCE 25880 19410 6470 CONTRACT LABOR 21440 21440 ARTISTS IN EDUCATION 20771 20771 123195 68709 44119 10367 848638 399248 439023 10367 182485 174127 442662 399698 30601 23712 3919872 1471790 737430 2448082 8050766 7613834 142535 142535 9586479 10801988 12999 170262 43244 47841 56243 218103 X 1495669 3249239 8034567 7334646 9530236 10583885 9586479 10801988 618080 257910 177659 0 X X 0 1 X 1 0 X 737985 250597 389247 1079843 700283 3157955 167620 138452 96286 102785 178994 684137 905605 389049 485533 1182628 879277 3842092 0 0 0 3842092 183462 201913 213939 274300 326187 1199801 183462 201913 213939 274300 326187 1199801 1089067 590962 699472 1456928 1205464 5041893 0.76200 0.76220 0.23800 0.23780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 6670159 730243 610365 49431 6740606 6942483 -11740 210342 50242 6670159 5828819 1352641 197492 41485 6942483 6016611 54268 204584 37476 5828819 6018558 6018558 1 0 7500 7500 1738005 1132351 605654 438675 339439 99236 1735692 1735692 2448082 ENDOWMENT TRUSTS 6740606 F OTHER INVESTMENTS 873228 F 7613834 X 1668059 257910 257910 1410149 56569 56569 1466718 792069 0 792069 56569 56569 848638 PART V, LINE 4: THE ENDOWMENT TRUST FUNDS EXIST TO ENSURE MAINTENANCE, UPKEEP AND OPERATION OF THE SAAC IN FUTURE YEARS. THE NET INCOME FROM THE ENDOWMENT TRUST FUNDS, WITH THE EXCEPTION OF CAPITAL GAINS AND LOSSES, IS TRANSFERRED MONTHLY FOR USE IN NORMAL OPERATIONS. PART X, LINE 2: NOTE 10 ACCOUNTING FOR UNCERTAIN TAX POSITIONS ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES, REQUIRES AN ENTITY TO RECOGNIZE A LIABILITY FOR TAXES TO THE EXTENT OF ANY UNRELATED BUSINESS INCOME AS DEFINED BY IRS REGULATIONS. SAAC IS LIABLE FOR TAXES TO THE EXTENT OF ANY UNRELATED BUSINESS INCOME ACTIVITIES AS DEFINED BY IRS REGULATIONS. SAAC BELIEVES THAT IT HAS NOT ENGAGED IN ANY UNRELATED BUSINESS INCOME ACTIVITIES AS DEFINED BY IRS REGULATIONS AND THAT IT IS MORE LIKELY THAN NOT THAT THIS POSITION WOULD BE SUSTAINED UPON EXAMINATION. AS SUCH, THERE WERE NO LIABILITIES RECORDED FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023. IF A TAX POSITION DOES NOT MEET THE MINIMUM STATUTORY THRESHOLD TO AVOID PENALTIES AND INTEREST, SAAC RECOGNIZES AN EXPENSE FOR THE AMOUNT OF STATUTORY PENALTY IN THE PERIOD IN WHICH IT CLAIMS OR EXPECTS TO CLAIM THE POSITION IN THE RETURN. ANY PENALTIES AND INTEREST ACCRUED ARE RECOGNIZED AS EXPENSES. FOR THE YEAR ENDED JUNE 30, 2023, NO PENALTIES AND INTEREST ARE RECOGNIZED IN THE FINANCIAL STATEMENTS. OCEAN SPRINGS 11991 11991 4167 11991 11991 4167 4167 7824 FORM 990, PART VI, SECTION B, LINE 11B ACCOUNTANT PROVIDES A COPY OF THE FORM 990 TO THE SIGNING OFFICIER. IF TIME PERMITS THE SIGNING OFFICER HAS THE ENTIRE GOVERNING BODY REVIEW THE 990. IF TIME DOES NOT PERMIT THE SIGNING OFFICER AND TREASURER CAN EXECUTE THE DOCUMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E VISUAL ARTS: PROGRAM SERVICE EXPENSES 20,232. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,232. MARKETING: PROGRAM SERVICE EXPENSES 17,391. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,391. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 15,819. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,819. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 14,174. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,174. THEATER: PROGRAM SERVICE EXPENSES 11,219. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,219. FUNDRAISING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 10,367. TOTAL EXPENSES 10,367. DESIGNATED EXPENSES: PROGRAM SERVICE EXPENSES 8,389. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,389. SET CONSTRUCTION: PROGRAM SERVICE EXPENSES 6,179. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,179. PRINTING: PROGRAM SERVICE EXPENSES 2,674. MANAGEMENT AND GENERAL EXPENSES 2,674. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,348. POSTAGE: PROGRAM SERVICE EXPENSES 2,625. MANAGEMENT AND GENERAL EXPENSES 2,625. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,250. SECURITY: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,367. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,367. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,212. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,212. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 248. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 248. FORM 990 PART XII LINE 2C EXPLANATION NO CHANGE FROM PRIOR YEAR FORM 990 THE RETURN HAS BEEN AMENDED TO MATCH AUDITED FINANCIAL STATEMENTS