Arkansas Community Foundation

Legal name: Arkansas Community Foundation Inc

Nonprofit profile at a glance

EIN
521055743
IRS 990 coverage
2012–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Little Rock, AR, US
Phone
501-372-1116
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Foundations

Official website

Reported finances

Revenue
$159,419,685
Expenses
$73,959,299
Assets
$895,926,870
Liabilities
$6,262,796

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • HEATHER LARKIN (PRESIDENT/CEO)

Highest reported compensation

  • HEATHER LARKIN (PRESIDENT/CEO): $379,355 total reported compensation
  • COREY MOLINE (TREASURER/CFO): $291,214 total reported compensation
  • ASHLEY COLDIRON (CHIEF DEVELOPMENT OFFICER): $245,967 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Building stronger Arkansas communities.

What it reported doing in 2024

Educational programs - includes scholarships for higher education, support for early childhood literacy, out-of-school learning opportunities for children, early childhood care, and k-12 education.

Operating model

Revenue model
Donor-supported. 85% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 93% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of total spending goes to programs and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 61
  • Accountability: 95
  • Sustainability: 91
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.4%; rating input score 52
  • Program expense ratio: 96.6%; rating input score 97
  • Fundraising efficiency: $116.31 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 88.2%; rating input score 88; 2nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 90.4%; rating input score 90; 23rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 53.6%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 12.11; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 96; 96th percentile among comparable filings
  • Officer compensation ratio: 1.6%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 11.7% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 9.5% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 12.4% per year; rating input score 100; 79th percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 52.4% of revenue deployed · 96.6% of spending went to programs
  • Governance: 16 of 16 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $71.4M in reported program spending
  • Leadership: top reported pay $379K · 21 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $937K reported
  • Consistency: 36 of 38 current checks pass · 2 findings to review
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 832 filed money-flow records
  • Related organizations: 829 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 52/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.