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Nonprofit · EIN 71-0266514

ARKANSAS INDEPENDENT COLLEGES & UNIVERSITIES

Tax-exempt · LITTLE ROCK, AR 72203

Financials

$504K$493K2023
Revenue Expenses · by fiscal year end
Financials of ARKANSAS INDEPENDENT COLLEGES & UNIVERSITIES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$503,789$493,410$10,379$362,055$39,400$322,655
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$488,299
Membership dues
$303,398
Program service revenue
$0
Investment income
$15,490
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$194,326
Other salaries and wages
$184,080
Salaries, compensation and benefits (total)
$234,491
Professional fundraising fees
$0
Accounting fees
$10,062
Occupancy
$7,213
Program services (functional)
$324,314
Management and general (functional)
$114,141
Fundraising (functional)
$54,955

Balance sheet and other

Total assets, start of year
$337,881
Total assets, end of year
$362,055
Total liabilities, end of year
$39,400
Net assets, end of year
$322,655
Net assets without donor restrictions
$189,485
Net assets with donor restrictions
$133,170
Gross receipts
$503,789
Employees
2
Year formed
1998
State of legal domicile
AR

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
ANDREW GOODMANPRESIDENT
Officer
40$97,500
ELLIS ARNOLDTRUSTEE
Trustee or director
–$0
RICH DUNSWORTHTRUSTEE
Trustee or director
–$0
RICHARD JOHNSONTRUSTEE
Trustee or director
–$0
TERRY KIMBROWTRUSTEE
Trustee or director
–$0
STAN NORMANTRUSTEE
Trustee or director
–$0
KYLE PARKERTRUSTEE
Trustee or director
–$0
CHARLES POLLARDTRUSTEE
Trustee or director
–$0
BEN SELLSCHAIRMAN
Trustee or director
–$0
RODERICK SMOTHERSTRUSTEE
Trustee or director
–$0
MELISSA TAVERNERTRUSTEE
Trustee or director
–$0
MIKE WILLIAMSTRUSTEE
Trustee or director
–$0

Address and contacts

Address (IRS master file)
PO BOX 300, LITTLE ROCK, AR 72203-0300
In care of
% MERCANTILE BANK BLDG
Principal officer (990 for 2023)
ANDREW GOODMAN, 1300 WEST CAPITOL AVENUE, LITTLE ROCK, AR 72201
Signed the 990
ANDREW GOODMAN, PRESIDENT
Phone
(501) 378-0843
Return prepared by
RASCO WINTER THOMAS GROUP

Mission

SUPPORT OF PRIVATE COLLEGES LOCATED IN ARKANSAS

990 for the year ended June 30, 2024

Program accomplishments

  • PROMOTION OF HIGHER EDUCATION; COLLECTION & DISTRIBUTION OF DONATIONS TO SUPPORT 11 NON-TAX SUPPORTED MEMBER COLLEGES. TOTAL ENROLLMENT OF FULL- TIME EQUIVALENT RESIDENT STUDENTS.
    Expenses $324,314 · revenue $488,300

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
71-0266514
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1955
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B40J)
Assets (IRS master file)
$362,055
Income (IRS master file)
$503,789

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$503,789$493,410$362,055XML
990June 2023$501,608$471,665$337,881IRS
990June 2022$389,494$347,791$303,271IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 71-0266514).

Questions about ARKANSAS INDEPENDENT COLLEGES & UNIVERSITIES

What is the EIN of ARKANSAS INDEPENDENT COLLEGES & UNIVERSITIES?
The employer identification number (EIN) of ARKANSAS INDEPENDENT COLLEGES & UNIVERSITIES is 71-0266514.
Is ARKANSAS INDEPENDENT COLLEGES & UNIVERSITIES tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1955.
Are donations to ARKANSAS INDEPENDENT COLLEGES & UNIVERSITIES tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ARKANSAS INDEPENDENT COLLEGES & UNIVERSITIES file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ARKANSAS INDEPENDENT COLLEGES & UNIVERSITIES due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ARKANSAS INDEPENDENT COLLEGES & UNIVERSITIES last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who is the principal officer of ARKANSAS INDEPENDENT COLLEGES & UNIVERSITIES?
The 990 for the year ended June 30, 2024 names ANDREW GOODMAN.
Who are the officers and directors of ARKANSAS INDEPENDENT COLLEGES & UNIVERSITIES?
The 990 for the year ended June 30, 2024 lists 12 people; 1 received compensation from the organization, the highest $97,500 (ANDREW GOODMAN, PRESIDENT).
How much revenue does ARKANSAS INDEPENDENT COLLEGES & UNIVERSITIES have?
On its 990 for the year ended June 30, 2024 it reported revenue of $503,789, expenses of $493,410 and total assets of $362,055 at year end.

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