Nonprofit · EIN 71-0549140
SOUTHERN ARKANSAS UNIVERSITY FOUNDATION INC
Tax-exempt · MAGNOLIA, AR 71753
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,548,703 | $3,482,416 | $4,066,287 | $50,751,147 | $0 | $50,751,147 |
| December 31, 2023 | 990 | $6,630,793 | $4,671,583 | $1,959,210 | $46,684,860 | $0 | $46,684,860 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,433,213
- Program service revenue
- $0
- Investment income
- $3,115,490
- Net gain from sales of assets
- $1,725,777
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,020,343
- Benefits paid to members
- $12,770
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $16,857
- Program services (functional)
- $3,076,506
- Management and general (functional)
- $227,405
- Fundraising (functional)
- $178,505
Balance sheet and other
- Total assets, start of year
- $46,684,860
- Total assets, end of year
- $50,751,147
- Total liabilities, end of year
- $0
- Net assets, end of year
- $50,751,147
- Land, buildings and equipment
- $10
- Publicly traded securities
- $40,089,981
- Net assets without donor restrictions
- $281,476
- Net assets with donor restrictions
- $50,469,671
- Gross receipts
- $16,352,754
- Employees
- 0
- Year formed
- 1981
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHIRLEY BAILEY | DIRECTOR Trustee or director | – | $0 |
| JOEY BAKER | DIRECTOR Trustee or director | – | $0 |
| REX BURKS | DIRECTOR Trustee or director | – | $0 |
| STEVE CARD | CHAIR Trustee or director, Officer | – | $0 |
| KEN CARROLL | DIRECTOR Trustee or director | – | $0 |
| CORY CHILDS | DIRECTOR Trustee or director | – | $0 |
| JOHN DEWS | VICE CHAIR Trustee or director, Officer | – | $0 |
| MIKE DUMAS | TREASURER Trustee or director | – | $0 |
| MELISSA FREY | DIRECTOR Trustee or director | – | $0 |
| ROGER GILES | EX OFFICIO Trustee or director | – | $0 |
| GREG HARRISON | DIRECTOR Trustee or director | – | $0 |
| DANIEL HERRIN | DIRECTOR Trustee or director | – | $0 |
| BRUNO HICKS | EX OFFICIO Trustee or director | – | $0 |
| MOHAMMED ISLAM | DIRECTOR Trustee or director | – | $0 |
| ALLEN LOE | DIRECTOR Trustee or director | – | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAM MARTIN | DIRECTOR Trustee or director | – | $0 |
| EVAN MCCRARY | DIRECTOR Trustee or director | – | $0 |
| WILLIAM MCHENRY | DIRECTOR Trustee or director | – | $0 |
| DAVID RANKIN | DIRECTOR Trustee or director | – | $0 |
| SHAWANA REED | EX OFFICIO Trustee or director | – | $0 |
| ALLISON SCHULTZ | SECRETARY Trustee or director, Officer | – | $0 |
| EDELMA SIMES | DIRECTOR Trustee or director | – | $0 |
| BETTY STRINGFELLOW | DIRECTOR Trustee or director | – | $0 |
| DENISE SWEAT | DIRECTOR Trustee or director | – | $0 |
| PATSY TAYLOR | DIRECTOR Trustee or director | – | $0 |
| ORLANDO TODD | DIRECTOR Trustee or director | – | $0 |
| CHRIS WALKER | DIRECTOR Trustee or director | – | $0 |
| STEPHEN WEAVER | DIRECTOR Trustee or director | – | $0 |
| ETHAN WHITE | DIRECTOR Trustee or director | – | $0 |
| LAURA WINNING | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 30 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHIRLEY BAILEY | DIRECTOR Trustee or director | – | $0 |
| JOEY BAKER | DIRECTOR Trustee or director | – | $0 |
| STEVE CARD | VICE CHAIR Trustee or director | – | $0 |
| KEN CARROLL | DIRECTOR Trustee or director | – | $0 |
| CORY CHILDS | DIRECTOR Trustee or director | – | $0 |
| JOHN DEWS | TREASURER Trustee or director, Officer | – | $0 |
| MIKE DUMAS | DIRECTOR Trustee or director | – | $0 |
| ROGER GILES | EX OFFICIO Trustee or director | – | $0 |
| GREG HARRISON | DIRECTOR Trustee or director | – | $0 |
| DANIEL HERRIN | DIRECTOR Trustee or director | – | $0 |
| MOHAMMED ISLAM | DIRECTOR Trustee or director | – | $0 |
| LEDLEY JENNINGS | EX OFFICIO Trustee or director | – | $0 |
| JOSH KEE | EX OFFICIO Trustee or director | – | $0 |
| ALLEN LOE | DIRECTOR Trustee or director | – | $0 |
| PAM MARTIN | DIRECTOR Trustee or director | – | $0 |
| EVAN MCCRARY | DIRECTOR Trustee or director | – | $0 |
| WILLIAM MCHENRY | DIRECTOR Trustee or director | – | $0 |
| JENNIFER PIERCE | CHAIR Trustee or director, Officer | – | $0 |
| DAVID RANKIN | DIRECTOR Trustee or director | – | $0 |
| SHAWANA REED | EX OFFICIO Trustee or director | – | $0 |
| ALLISON SCHULTZ | SECRETARY Trustee or director, Officer | – | $0 |
| EDELMA SIMES | DIRECTOR Trustee or director | – | $0 |
| BETTY STRINGFELLOW | DIRECTOR Trustee or director | – | $0 |
| DENISE SWEAT | DIRECTOR Trustee or director | – | $0 |
| PATSY TAYLOR | DIRECTOR Trustee or director | – | $0 |
| ORLANDO TODD | DIRECTOR Trustee or director | – | $0 |
| CHRIS WALKER | DIRECTOR Trustee or director | – | $0 |
| STEPHEN WEAVER | DIRECTOR Trustee or director | – | $0 |
| ETHAN WHITE | DIRECTOR Trustee or director | – | $0 |
| ERICA WOODS | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 100 E UNIVERSITY 9174, MAGNOLIA, AR 71753-2181
- Principal officer (990 for 2024)
- STEVE CARD, 1202 DOGWOOD, MAGNOLIA, AR 71730
- Signed the 990
- ALLISON SCHULTZ, SECRETARY
- Phone
- (870) 235-4991
- Website
- WWW.SAUFOUNDATION.ORG
- Return prepared by
- WOOD AND WOOD LTD
Mission
PROVIDE FINANCIAL AID & SCHOLARSHIPS
Program accomplishments
- SOUTHERN ARKANSAS UNIVERSITY-FUNDS GIVEN BY THE FOUNDATION SOUTHERN ARKANSAS UNIVERSITY FOR ACADEMIC SCHOLARSHIPS TO HIGH ABILITY STUDENTSExpenses $394,738 · grants $381,968
- SOUTHERN ARKANSAS UNIVERSITY-FUNDS GIVEN TO SUPPLEMENT DEPARTMENT OPERATIONSExpenses $2,644,748 · grants $2,638,375
- SOUTHERN ARKANSAS UNIVERSITY-LECTURES, PROGRAMS, MEETINGS, CONCERTS, ETC.Expenses $37,020
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 71-0549140
- 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
- 1981
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $50,751,147
- Income (IRS master file)
- $16,352,754
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,548,703 | $3,482,416 | $50,751,147 | XML |
| 990 | December 2023 | $6,630,793 | $4,671,583 | $46,684,860 | XML |
| 990 | December 2022 | $7,602,543 | $3,144,989 | $44,674,942 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 71-0549140).
Questions about SOUTHERN ARKANSAS UNIVERSITY FOUNDATION INC
- What is the EIN of SOUTHERN ARKANSAS UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of SOUTHERN ARKANSAS UNIVERSITY FOUNDATION INC is 71-0549140.
- Is SOUTHERN ARKANSAS UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to SOUTHERN ARKANSAS UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHERN ARKANSAS UNIVERSITY 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 SOUTHERN ARKANSAS UNIVERSITY FOUNDATION INC 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 SOUTHERN ARKANSAS UNIVERSITY FOUNDATION INC 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 SOUTHERN ARKANSAS UNIVERSITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names STEVE CARD.
- Who are the officers and directors of SOUTHERN ARKANSAS UNIVERSITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 30 people; 0 received compensation from the organization.
- How much revenue does SOUTHERN ARKANSAS UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,548,703, expenses of $3,482,416 and total assets of $50,751,147 at year end.
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