Nonprofit · EIN 71-6051240
ARKANSAS RURAL ENDOWMENT FUND INC
Tax-exempt · LITTLE ROCK, AR 72203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,845,189 | $979,081 | $866,108 | $32,767,523 | $139,108 | $32,628,415 |
| June 30, 2024 | 990 | $1,642,244 | $999,561 | $642,683 | $31,894,317 | $162,411 | $31,731,906 |
| June 30, 2023 | 990 | $1,196,612 | $749,989 | $446,623 | $31,258,127 | $178,179 | $31,079,948 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,094,202
- Investment income
- $634,922
- Other revenue
- $116,065
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $398,885
- Salaries, compensation and benefits (total)
- $498,569
- Professional fundraising fees
- $0
- Legal fees
- $39,772
- Accounting fees
- $14,000
- Occupancy
- $35,882
- Travel
- $14,419
- Program services (functional)
- $854,909
- Management and general (functional)
- $124,172
Balance sheet and other
- Total assets, start of year
- $31,894,317
- Total assets, end of year
- $32,767,523
- Total liabilities, end of year
- $139,108
- Net assets, end of year
- $32,628,415
- Land, buildings and equipment
- $65,860
- Gross receipts
- $1,845,189
- Employees
- 6
- Year formed
- 1959
- 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 |
|---|---|---|---|
| KENNETH MOURTON | DIRECTOR Trustee or director | 1 | $0 |
| ANN B HATHAWAY | DIRECTOR Trustee or director | 1 | $0 |
| PAULA TERRELL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHRIS LAMPKIN | EXECUTIVE DIRECTOR Trustee or director | 40 | $0 |
| RICHARD ABERNATHY | DIRECTOR Trustee or director | 1 | $0 |
| RONNIE ROBERTS | DIRECTOR Trustee or director | 1 | $0 |
| REID HARROD | DIRECTOR Trustee or director | 0 | $0 |
| JOHN THURSTON | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS LAMPKIN | EXECUTIVE DIRECTOR Trustee or director | 40 | $96,154 |
| RONNIE ROBERTS | DIRECTOR Trustee or director | 1 | $0 |
| REID HARROD | DIRECTOR Trustee or director | 0 | $0 |
| JOHN THURSTON | DIRECTOR Trustee or director | 0 | $0 |
| RICHARD ABERNATHY | DIRECTOR Trustee or director | 1 | $0 |
| ANN B PUGH | DIRECTOR Trustee or director | 1 | $0 |
| KENNETH MOURTON | DIRECTOR Trustee or director | 1 | $0 |
| PAULA TERRELL | PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD ABERNATHY | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS LAMPKIN | DIRECTOR Trustee or director | 1 | $0 |
| MARK LOWERY | DIRECTOR Trustee or director | 1 | $0 |
| RONNIE ROBERTS | DIRECTOR Trustee or director | 1 | $0 |
| KENNETH MOURTON | DIRECTOR Trustee or director | 1 | $0 |
| ANN B PUGH | DIRECTOR Trustee or director | 1 | $0 |
| PAULA TERRELL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| TONY MINICOZZI | EXECUTIVE DIRECTOR Officer, Key employee | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 750, LITTLE ROCK, AR 72203-0750
- In care of
- % CHRIS LAMPKIN
- Signed the 990
- CHRIS LAMPKIN, MANAGER
- Phone
- (501) 375-2358
- Return prepared by
- Denman Hamilton & Associates CPA
Mission
PROVIDING STUDENT AND AGRICULTURAL LOANS IN RURAL ARKANSAS
Program accomplishments
- WITH THE PASSAGE OF ACT 27 IN 1959, THE ARKANSAS GENERAL ASSEMBLY CREATED AREF AS A PRIVATE, NONPROFIT ENTITY WITH THE SOLE PURPOSE OF MAKING AFFORDABLE LOANS TO RURAL ARKANSANS. SINCE THAT TIME, AREF HAS HELPED THOUSANDS OF ARKANSANS ATTAIN HIGHER EDUCATION TO PURSUE THEIR DREAMS.Expenses $854,909
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
- 71-6051240
- 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
- 1971
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $32,767,523
- Income (IRS master file)
- $1,845,189
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,845,189 | $979,081 | $32,767,523 | IRS |
| 990 | June 2024 | $1,642,244 | $999,561 | $31,894,317 | IRS |
| 990 | June 2023 | $1,196,612 | $749,989 | $31,258,127 | XML |
| 990 | June 2022 | $990,241 | $689,991 | $30,830,517 | 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 71-6051240).
Questions about ARKANSAS RURAL ENDOWMENT FUND INC
- What is the EIN of ARKANSAS RURAL ENDOWMENT FUND INC?
- The employer identification number (EIN) of ARKANSAS RURAL ENDOWMENT FUND INC is 71-6051240.
- Is ARKANSAS RURAL ENDOWMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to ARKANSAS RURAL ENDOWMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ARKANSAS RURAL ENDOWMENT FUND 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 ARKANSAS RURAL ENDOWMENT FUND 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 ARKANSAS RURAL ENDOWMENT FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of ARKANSAS RURAL ENDOWMENT FUND INC?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does ARKANSAS RURAL ENDOWMENT FUND INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,845,189, expenses of $979,081 and total assets of $32,767,523 at year end.
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