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Nonprofit · EIN 71-0704088

THE ARKANSAS SINGLE PARENT SCHOLARSHIP FUND

Tax-exempt · N LITTLE ROCK, AR 72114

Financials

$1.3M$3M2023$1.5M$3M2024
Revenue Expenses · by fiscal year end
Financials of THE ARKANSAS SINGLE PARENT SCHOLARSHIP FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,542,217$3,038,669-$1,496,452$6,998,909$199,929$6,798,980
December 31, 2023990$1,331,027$2,968,461-$1,637,434$8,132,741$179,608$7,953,133
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,145,256
of which government grants
$171,880
Program service revenue
$0
Investment income
$396,930
Net gain from sales of assets
$351,357
Other revenue
$31

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$150,205
Other salaries and wages
$935,277
Salaries, compensation and benefits (total)
$1,219,182
Professional fundraising fees
$0
Accounting fees
$51,473
Travel
$53,340
Depreciation
$3,335
Program services (functional)
$1,841,580
Management and general (functional)
$743,836
Fundraising (functional)
$453,253

Balance sheet and other

Total assets, start of year
$8,132,741
Total assets, end of year
$6,998,909
Total liabilities, end of year
$199,929
Net assets, end of year
$6,798,980
Land, buildings and equipment
$5,313
Publicly traded securities
$4,997,045
Net assets without donor restrictions
$1,363,644
Net assets with donor restrictions
$5,435,336
Gross receipts
$2,215,103
Employees
23
Volunteers
356
Year formed
1990
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JENNIFER N MOREHEADEXECUTIVE DIRECTOR
Officer
40$83,107$2,492
RUTHANNE HILLEXECUTIVE DIRECTOR
Officer
40$67,098$6,763
SHARMANE ANDREWSVICE PRESIDENT
Trustee or director, Officer
2$0$0
MIKE WEAVERDIRECTOR
Trustee or director
0.5$0$0
SUNSHINE BARTLETTPRESIDENT
Trustee or director, Officer
2$0$0
BETSY BAKERDIRECTOR
Trustee or director
0.5$0$0
JEAN BLOCKDIRECTOR
Trustee or director
0.5$0$0
RAY WINIECKIDIRECTOR
Trustee or director
0.5$0$0
MICHAEL O'BRYANTREASURER
Trustee or director, Officer
0.5$0$0
MARET CAHILL WICKSDIRECTOR
Trustee or director
0.5$0$0
EDDIE THOMASDIRECTOR
Trustee or director
0.5$0$0
SHAE HUGHESDIRECTOR
Trustee or director
0.5$0$0
MEREDITH HALEDIRECTOR
Trustee or director
0.5$0$0
MARSHUNDA JONESDIRECTOR
Trustee or director
0.5$0$0
SARA NEALDIRECTOR
Trustee or director
0.5$0$0
1 more people on this return
NameTitleHours / weekCompensation
RYAN MORROWDIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensation
RUTHANNE HILLEXECUTIVE DIRECTOR
Officer
40$124,028
SHARMANE ANDREWSVICE PRECIDENT
Trustee or director, Officer
2$0
DAN BREWERDIRECTOR
Trustee or director
0.5$0
RYAN MORROWDIRECTOR
Trustee or director
0.5$0
VENTRELL THOMPSONDIRECTOR
Trustee or director
0.5$0
MIKE WEAVERDIRECTOR
Trustee or director
0.5$0
SUNSHINE BARTLETTPRESIDENT
Trustee or director, Officer
2$0
BETSY BAKERDIRECTOR
Trustee or director
0.5$0
ADELENE MCCLENNYDIRECTOR
Trustee or director
0.5$0
JEAN BLOCKDIRECTOR
Trustee or director
0.5$0
MARK STEENHOEKDIRECTOR
Trustee or director
0.5$0
RAY WINIECKIDIRECTOR
Trustee or director
0.5$0
MICHAEL O'BRYANTREASURER
Trustee or director, Officer
0.5$0
MARET CAHILL WICKSDIRECTOR
Trustee or director
0.5$0
EDDIE THOMASDIRECTOR
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
1920 MAIN ST STE 101, N LITTLE ROCK, AR 72114-2876
Principal officer (990 for 2024)
JENN MOREHEAD, 2102 RIVERFRONT DRIVE SUITE 102, LITTLE ROCK, AR 72202
Signed the 990
JENN MOREHEAD, EXECUTIVE DIRECTOR
Phone
(501) 393-2353
Return prepared by
LANDMARK PLC CPAS

Mission

ASPSF PROVIDES FINANCIAL ASSISTANCE AND PERSONAL SUPPORT TO LOW INCOME SINGLE PARENTS WHO ARE CURRENTLY ENROLLED IN A POST-SECONDARY COURSE OF STUDY LEADING TO EMPLOYMENT WITH FAMILY SUPPORTING WAGES.

990 for the year ended December 31, 2024

Program accomplishments

  • ARKANSAS SINGLE PARENT SCHOLARSHIP FUND ASSISTS LOW INCOME SINGLE PARENTSMOVE FROM A LIFE OF DEPENDENCY-DEPENDENT ON TAX-FUNDED STATE AND FEDERALASSISTANCE PROGRAMS AND LOCAL SOCIAL SERVICES - TO ONE OF SELF-SUFFICIENCYAS THEY BECOME TAX-PAYING PROFESSIONALS PROUDLY SUPPORTING THEIR FAMILIESON THEIR OWN. WE ACCOMPLISH THIS BY ASSISTING SINGLE PARENTS TO COMPLETETHEIR TWO OR FOUR-YEAR COLLEGE DEGREES OR PROFESSIONAL CERTIFICATES,OPENING DOORS TO NEW EMPLOYMENT AT WAGES ABOVE THE POVERTY LEVEL.
    Expenses $1,841,580 · revenue $31

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
71-0704088
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1991
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$6,998,909
Income (IRS master file)
$2,215,103

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,542,217$3,038,669$6,998,909XML
990December 2023$1,331,027$2,968,461$8,132,741XML
990December 2022$1,344,973$3,260,189$9,598,450IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 71-0704088).

Questions about THE ARKANSAS SINGLE PARENT SCHOLARSHIP FUND

What is the EIN of THE ARKANSAS SINGLE PARENT SCHOLARSHIP FUND?
The employer identification number (EIN) of THE ARKANSAS SINGLE PARENT SCHOLARSHIP FUND is 71-0704088.
Is THE ARKANSAS SINGLE PARENT SCHOLARSHIP FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
Are donations to THE ARKANSAS SINGLE PARENT SCHOLARSHIP FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE ARKANSAS SINGLE PARENT SCHOLARSHIP FUND 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 THE ARKANSAS SINGLE PARENT SCHOLARSHIP FUND due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE ARKANSAS SINGLE PARENT SCHOLARSHIP FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE ARKANSAS SINGLE PARENT SCHOLARSHIP FUND?
The 990 for the year ended December 31, 2024 names JENN MOREHEAD.
Who are the officers and directors of THE ARKANSAS SINGLE PARENT SCHOLARSHIP FUND?
The 990 for the year ended December 31, 2024 lists 16 people; 2 received compensation from the organization, the highest $83,107 (JENNIFER N MOREHEAD, EXECUTIVE DIRECTOR).
How much revenue does THE ARKANSAS SINGLE PARENT SCHOLARSHIP FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,542,217, expenses of $3,038,669 and total assets of $6,998,909 at year end.

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