Nonprofit · EIN 71-0575827
THE DEGEN FOUNDATION
Tax-exempt · FORT SMITH, AR 72917
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $965,767 | $906,590 | $59,177 | $14,818,699 | $30,228 | $14,788,471 |
| June 30, 2024 | 990 | $489,107 | $1,157,647 | -$668,540 | $14,346,833 | $30,290 | $14,316,543 |
| June 30, 2023 | 990 | $774,095 | $587,883 | $186,212 | $13,857,942 | $101,519 | $13,756,423 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $965,737
- Net gain from sales of assets
- $639,432
- Other revenue
- $30
Expenses
- Grants and similar amounts paid
- $754,540
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,400
- Travel
- $77
- Program services (functional)
- $754,540
- Management and general (functional)
- $152,050
Balance sheet and other
- Total assets, start of year
- $14,346,833
- Total assets, end of year
- $14,818,699
- Total liabilities, end of year
- $30,228
- Net assets, end of year
- $14,788,471
- Publicly traded securities
- $14,433,475
- Net assets without donor restrictions
- $14,768,000
- Net assets with donor restrictions
- $20,471
- Gross receipts
- $968,349
- Employees
- 0
- Volunteers
- 14
- Year formed
- 1983
- 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 |
|---|---|---|---|
| THOMAS WEBB | EXECUTIVE DIRECTOR Officer | 1 | $26,450 |
| KAREN PHARIS | DIRECTOR Trustee or director | 1 | $0 |
| JOHN R TAYLOR | TREASURER Trustee or director, Officer | 1 | $0 |
| BENNY GOODEN EDD | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT COOPER | CHAIR Trustee or director, Officer | 1 | $0 |
| DAVID CRAIG | DIRECTOR Trustee or director | 1 | $0 |
| AMY MENDENHALL | DIRECTOR Trustee or director | 1 | $0 |
| JEFF BEAUCHAMP | DIRECTOR Trustee or director | 1 | $0 |
| MITZY LITTLE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| CARLY S MARSHALL | SECRETARY Trustee or director, Officer | 1 | $0 |
| AUDRA JACKSON MD | DIRECTOR Trustee or director | 1 | $0 |
| DR JUSTIN VORIS | DIRECTOR Trustee or director | 1 | $0 |
| PAYNE HALL | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT HERRERA | DIRECTOR Trustee or director | 1 | $0 |
| CARMEN OXFORD | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS WEBB | EXECUTIVE DIRECTOR Officer | 1 | $24,500 |
| KAREN PHARIS | DIRECTOR Trustee or director | 1 | $0 |
| JOHN R TAYLOR | TREASURER Trustee or director, Officer | 1 | $0 |
| BENNY GOODEN EDD | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT COOPER | CHAIR Trustee or director, Officer | 1 | $0 |
| DAVID CRAIG | DIRECTOR Trustee or director | 1 | $0 |
| AMY MENDENHALL | DIRECTOR Trustee or director | 1 | $0 |
| JEFF BEAUCHAMP | DIRECTOR Trustee or director | 1 | $0 |
| DON HUTCHINGS | DIRECTOR Trustee or director | 1 | $0 |
| MITZY LITTLE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| CARLY S MARSHALL | SECRETARY Trustee or director, Officer | 1 | $0 |
| AUDRA JACKSON MD | DIRECTOR Trustee or director | 1 | $0 |
| DR JUSTIN VORIS | DIRECTOR Trustee or director | 1 | $0 |
| PAYNE HALL | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT HERRERA | DIRECTOR Trustee or director | 1 | $0 |
| CARMEN OXFORD | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS H WEBB JR | EXECUTIVE DIRECTOR Officer | 1 | $24,000 |
| KAREN PHARIS | CHAIR Trustee or director, Officer | 1 | $0 |
| JOHN R TAYLOR | TREASURER Trustee or director, Officer | 1 | $0 |
| JUDY BOREHAM DAWSON | DIRECTOR Trustee or director | 1 | $0 |
| BENNY GOODEN EDD | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT COOPER | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| DAVID CRAIG | DIRECTOR Trustee or director | 1 | $0 |
| AMY MENDENHALL | DIRECTOR Trustee or director | 1 | $0 |
| JEFF BEAUCHAMP | DIRECTOR Trustee or director | 1 | $0 |
| DON HUTCHINGS | DIRECTOR Trustee or director | 1 | $0 |
| MITZY LITTLE | DIRECTOR Trustee or director | 1 | $0 |
| CARLY S MARSHALL | DIRECTOR Trustee or director | 1 | $0 |
| AUDRA JACKSON MD | DIRECTOR Trustee or director | 1 | $0 |
| RODNEY SHEPARD | DIRECTOR Trustee or director | 1 | $0 |
| DR JUSTIN VORIS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 10366, FORT SMITH, AR 72917-0366
- Principal officer (990 for 2024)
- THOMAS WEBB, PO BOX 10366, FORT SMITH, AR 72917
- Signed the 990
- THOMAS WEBB, EXECUTIVE DIRECTOR
- Phone
- (479) 308-2243
- Website
- WWW.THEDEGENFOUNDATION.ORG
- Return prepared by
- LANDMARK PLC CPAS
Mission
TO PROMOTE AND DEVELOP ACCESS TO AND DELIVERY OF HEALTHCARE SERVICES IN WESTERN ARKANSAS AND EASTERN OKLAHOMA, TO IMPROVE THE QUALITY AND AVAILABILITY OF HEALTHCARE SERVICES, TO FACILITATE AND PROMOTE HEALTHCARE EDUCATION, TO AID AND SUPPORT ESTABLISHED RELIGIOUS OR CHARITABLE ORGANIZATIONS, AND TO SUPPORT AND FACILITATE AS A SUPPORTING ORGANIZATION THE EDUCATIONAL MISSION OF THE ARKANSAS COLLEGES OF HEALTHCARE EDUCATION AND THE UNITED WAY OF FORT SMITH AREA, INC.
Program accomplishments
- THE ORGANIZATION WAS FORMED TO ADMINISTER GIFTS IN SUPPORT OF SPARKS HEALTH SYSTEM AND TO PROMOTE THE HEALTHCARE SERVICES OF SPARKS HEALTH SYSTEM AS A SUPPORTING ORGANIZATION. SPARKS HEALTH SYSTEM ASSETS WERE SOLD 11/30/2009 AND THE ORGANIZATION WILL ASSIST IN DISTRIBUTING, WHEN NEEDED, THE PROCEEDS FROM THE SALE IN SUPPORT OF CHARITABLE 501(C)3 ORGANIZATIONS IN WESTERN ARKANSAS AND EASTERN OKLAHOMA. ON APRIL 18, 2014 THE BOARD OF SPARKS PASSED A RESOLUTION TO CONTRIBUTE UP TO $50,000,000 AS A RESTRICTED CONTRIBUTION IN SUPPORT OF DEVELOPING AN INSTITUTION OF HEALTH EDUCATION. THE ARKANSAS COLLEGES OF HEALTH EDUCATION (ACHE) WAS ORGANIZED AND THE BALANCE OF THE SPARKS FUNDS WERE TRANSFERRED TO ACHE IN SEPTEMBER 2017. IN JUNE 2019, THE DEGEN BOARD VOTED TO BECOME A SUPPORTING ORGANIZATION TO ACHE WHILE CONTINUING TO FUND LOCAL AND RELIGIOUS HEALTHCARE RELATED TO 501(C)3 ORGANIZATIONS AND HEALTHCARE RELATED STUDENT SCHOLARSHIPS. DURING THE YEAR ENDED JUNE 30, 2024, THE UNITED WAY OF FORT SMITH AREA, INC. WAS ADDED AS A SUPPORTED ORGANIZATION OF THE DEGEN FOUNDATION.Expenses $754,540 · grants $754,540
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
- 71-0575827
- 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
- 1983
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E22I)
- Assets (IRS master file)
- $14,818,699
- Income (IRS master file)
- $968,349
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $965,767 | $906,590 | $14,818,699 | XML |
| 990 | June 2024 | $489,107 | $1,157,647 | $14,346,833 | IRS |
| 990 | June 2023 | $774,095 | $587,883 | $13,857,942 | XML |
| 990 | June 2022 | $4,463,025 | $625,690 | $13,382,572 | IRS |
| 990 | June 2021 | – | – | – | 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 71-0575827).
Questions about THE DEGEN FOUNDATION
- What is the EIN of THE DEGEN FOUNDATION?
- The employer identification number (EIN) of THE DEGEN FOUNDATION is 71-0575827.
- Is THE DEGEN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to THE DEGEN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE DEGEN FOUNDATION 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 DEGEN FOUNDATION 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 THE DEGEN FOUNDATION 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 THE DEGEN FOUNDATION?
- The 990 for the year ended June 30, 2025 names THOMAS WEBB.
- Who are the officers and directors of THE DEGEN FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $26,450 (THOMAS WEBB, EXECUTIVE DIRECTOR).
- How much revenue does THE DEGEN FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $965,767, expenses of $906,590 and total assets of $14,818,699 at year end.
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- FORT SMITH EMERGENCY MEDICAL SERVICES EIN 71-0416615 · last filed 990 for 2024
- THE GREGORY KISTLER TREATMENT CENTER INC EIN 71-0510005 · last filed 990 for 2025
- MERCY HEALTH FORT SMITH COMMUNITIES EIN 26-1318515 · last filed 990 for 2025
- GOOD SAMARITAN CLINIC EIN 71-0863639 · last filed 990 for 2024
- BAPTIST HEALTH FORT SMITH AUXILIARY EIN 71-0258039 · last filed 990 for 2025