Nonprofit · EIN 71-0540644
RAZORBACK FOUNDATION INC
Tax-exempt · FAYETTEVILLE, AR 72701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $62,076,674 | $40,092,530 | $21,984,144 | $117,081,913 | $376,316 | $116,705,597 |
| June 30, 2024 | 990 | $33,289,759 | $36,361,367 | -$3,071,608 | $92,023,235 | $365,256 | $91,657,979 |
| June 30, 2023 | 990 | $44,580,109 | $35,589,796 | $8,990,313 | $93,945,531 | $494,208 | $93,451,323 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $60,236,660
- Program service revenue
- $0
- Investment income
- $1,806,878
- Net gain from sales of assets
- $575,919
- Other revenue
- $33,136
Expenses
- Grants and similar amounts paid
- $31,455,526
- Compensation of officers, directors and key employees
- $596,213
- Other salaries and wages
- $151,541
- Salaries, compensation and benefits (total)
- $2,828,829
- Professional fundraising fees
- $0
- Legal fees
- $20,280
- Accounting fees
- $49,519
- Occupancy
- $132,682
- Travel
- $229,870
- Depreciation
- $27,951
- Program services (functional)
- $31,455,526
- Management and general (functional)
- $4,664,713
- Fundraising (functional)
- $3,972,291
Balance sheet and other
- Total assets, start of year
- $92,023,235
- Total assets, end of year
- $117,081,913
- Total liabilities, end of year
- $376,316
- Net assets, end of year
- $116,705,597
- Land, buildings and equipment
- $4,433,152
- Publicly traded securities
- $13,075,272
- Net assets without donor restrictions
- $87,915,223
- Net assets with donor restrictions
- $28,790,374
- Gross receipts
- $69,016,923
- Employees
- 34
- Volunteers
- 25
- Year formed
- 1981
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RYAN WHITE | EXECUTIVE DIRECTOR Officer | 50 | $262,273 | $40,598 |
| MARVIN CASTON | SENIOR DIRECTOR OF DEVELOPMENT Highest-paid employee | 50 | $204,927 | $35,685 |
| BILLYE VETETO | CFO Officer | 50 | $209,092 | $26,433 |
| QUINN GROVEY | SENIOR DIRECTOR OF DEVELOPMENT Highest-paid employee | 50 | $173,368 | $22,816 |
| COLTON PRIMM | SENIOR DIRECTOR OF DEVELOPMENT Highest-paid employee | 50 | $121,669 | $12,663 |
| MEREDITH PETTIGREW | DIRECTOR OF STRATEGIC COMMUNICATIONS Highest-paid employee | 50 | $106,626 | $7,143 |
| KEVIN SCANLON | CHAIR AND PRESIDENT Trustee or director | 0.1 | $0 | $0 |
| MINDY WEST | VICE PRESIDENT Trustee or director | 0.1 | $0 | $0 |
| JJ HURLEY | TREASURER Trustee or director | 0.1 | $0 | $0 |
| ANGELA RYAN | SECRETARY Trustee or director | 0.1 | $0 | $0 |
| BRYAN HUNT | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| MARSHA MARTIN | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| RICK MASSEY | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| DERRICK THOMAS | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| DERRICK RICHARDSON | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN R RUTLEDGE JR | DIRECTOR Trustee or director | 0.1 | $0 |
| SHELLEY SIMPSON | DIRECTOR Trustee or director | 0.1 | $0 |
| BROCK MCKEEL | DIRECTOR Trustee or director | 0.1 | $0 |
| MERRITT DYKE | DIRECTOR Trustee or director | 0.1 | $0 |
| PATRICK SWOPE | DIRECTOR Trustee or director | 0.1 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BILLYE VETETO | CFO & INTERIM EXECUTIVE DIRECTOR Officer | 50 | $224,482 | $27,927 |
| MARVIN CASTON | SENIOR DIRECTOR OF DEVELOPMENT Highest-paid employee | 50 | $185,490 | $33,491 |
| MICA STROTHER | SENIOR DIRECTOR OF DEVELOPMENT Highest-paid employee | 50 | $176,489 | $28,601 |
| JOHN MATSKO | SENIOR ASSOCIATE DIRECTOR Highest-paid employee | 50 | $169,061 | $31,956 |
| QUINN GROVEY | SENIOR DIRECTOR OF DEVELOPMENT Highest-paid employee | 50 | $175,120 | $22,682 |
| RYAN WHITE | EXECUTIVE DIRECTOR Officer | 50 | $134,217 | $16,383 |
| SCOTT VARADY | FORMER EXECUTIVE DIRECTOR Officer | 50 | $136,425 | $10,703 |
| MEREDITH PETTIGREW | DIRECTOR OF STRATEGIC COMMUNICATIONS AND STEWARDSH Highest-paid employee | 50 | $107,851 | $6,084 |
| KEVIN SCANLON | CHAIR AND PRESIDENT Trustee or director | 0.1 | $0 | $0 |
| MINDY WEST | VICE PRESIDENT Trustee or director | 0.1 | $0 | $0 |
| JOHN RUTLEDGE | TREASURER Trustee or director | 0.1 | $0 | $0 |
| ANGELA RYAN | SECRETARY Trustee or director | 0.1 | $0 | $0 |
| SHELLY SIMPSON | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| JJ HURLEY | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| MARSHA MARTIN | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| RICK MASSEY | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| BRYAN HUNT | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| DERRICK RICHARDSON | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| DERRICK THOMAS | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| LISA WALKER | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT VARADY | EXECUTIVE DIRECTOR Officer | 50 | $260,026 | $27,997 |
| BILLYE VETETO | CHIEF FINANCIAL OFFICER Officer | 50 | $179,636 | $23,365 |
| MARVIN CASTON | SENIOR DIRECTOR OF DEVELOP Highest-paid employee | 50 | $154,192 | $30,088 |
| JOHN MATSKO | SENIOR ASSOCIATE DIRECTOR Highest-paid employee | 50 | $147,068 | $29,489 |
| MICA STROTHER | SENIOR DIRECTOR OF DEVELOP Highest-paid employee | 50 | $150,007 | $25,589 |
| QUINN GROVEY | SENIOR DIRECTOR OF DEVELOP Highest-paid employee | 50 | $153,638 | $20,227 |
| KEVIN SCANLON | CHAIR AND PRESIDENT Trustee or director | 0.1 | $0 | $0 |
| MINDY WEST | VICE PRESIDENT Trustee or director | 0.1 | $0 | $0 |
| JOHN RUTLEDGE | TREASURER Trustee or director | 0.1 | $0 | $0 |
| ANGELA RYAN | SECRETARY Trustee or director | 0.1 | $0 | $0 |
| KEN MOURTON | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| TODD SIMMONS | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| RICK CHAPMAN | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| CHARLES REDFIELD | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| LISA WALKER | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| RICK MASSEY | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| DERRICK RICHARDSON | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| DERRICK THOMAS | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| BRYAN HUNT | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| JJ HURLEY | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| MARSHA MARTIN | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1295 S RAZORBACK RD STE A, FAYETTEVILLE, AR 72701-8003
- Principal officer (990 for 2024)
- RYAN WHITE, 1295 S RAZORBACK ROAD STE A, FAYETTEVILLE, AR 72701
- Signed the 990
- BILLYE VETETO, CFO
- Phone
- (479) 443-9000
- Website
- WWW.RAZORBACKFOUNDATION.COM
- Return prepared by
- HOGANTAYLOR LLP
Mission
SUPPORT OF INTERCOLLEGIATE ATHLETICS AT THE UNIVERSITY OF ARKANSAS
Program accomplishments
- PAYMENTS TO AND ON BEHALF OF THE UNIVERSITY OF ARKANSAS ATHLETIC DEPARTMENT FOR OPERATIONAL FUNDING.Expenses $25,677,242 · grants $25,677,242
- PAYMENTS TO AND ON BEHALF OF THE UNIVERSITY OF ARKANSAS ATHLETIC DEPARTMENT FOR FACILITIES, CONSTRUCTION, AND RENOVATION.Expenses $5,778,284 · grants $5,778,284
- PAYMENTS TO AND ON BEHALF OF THE UNIVERSITY OF ARKANSAS ATHLETIC DEPARTMENT FOR SCHOLARSHIPS.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 71-0540644
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $117,081,913
- Income (IRS master file)
- $69,016,923
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $62,076,674 | $40,092,530 | $117,081,913 | IRS |
| 990 | June 2024 | $33,289,759 | $36,361,367 | $92,023,235 | IRS |
| 990 | June 2023 | $44,580,109 | $35,589,796 | $93,945,531 | XML |
| 990 | June 2022 | $32,561,743 | $18,328,627 | $83,545,180 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 71-0540644).
Questions about RAZORBACK FOUNDATION INC
- What is the EIN of RAZORBACK FOUNDATION INC?
- The employer identification number (EIN) of RAZORBACK FOUNDATION INC is 71-0540644.
- Is RAZORBACK FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to RAZORBACK FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAZORBACK FOUNDATION INC 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 RAZORBACK FOUNDATION INC 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 RAZORBACK FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of RAZORBACK FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names RYAN WHITE.
- Who are the officers and directors of RAZORBACK FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 20 people; 6 received compensation from the organization, the highest $262,273 (RYAN WHITE, EXECUTIVE DIRECTOR).
- How much revenue does RAZORBACK FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $62,076,674, expenses of $40,092,530 and total assets of $117,081,913 at year end.
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