2024-11-08T11:39:16+00:00 2023-12-31 621665434 WALTON ENTERPRISES LLC PO BOX 1860 BENTONVILLE AR 72712 990 2023-01-01 581766770 Walton Family Charitable Support Foundation Inc WALT PO BOX 2030 BENTONVILLE AR 72712 M SEAN EVANS SECRETARY 2024-11-08 true LUKE C MITCHELL P03095207 4794641500 2024-11-08 2023 2024-10-15 13:58:12Z Mark Simmons 410 W Central Siloam Springs AR 76761 148665541 false X N/A X 1987 DE THE FOUNDATION ACTS AS A SUPPORTING ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3) AND 509 (A)(3) FOR CERTAIN PUBLIC CHARITIES BY MAKING GRANTS TO SUCH ORGANIZATIONS. 7 7 0 4 0 0 0 0 28025886 58832734 -557475 -128139 27468411 58704595 40786666 89010787 0 8000 8000 0 0 2504200 2623933 43298866 91642720 -15830455 -32938125 1129075918 1096137793 0 0 1129075918 1096137793 THE FOUNDATION'S MISSION IS TO OPERATE AS A SUPPORTING ORGANIZATION TO (I) PUBLIC AND PRIVATE COLLEGES AND UNIVERSITIES OPERATING IN THE STATE OF ARKANSAS AND (II) COMMUNITY FOUNDATIONS OPERATING IN FIVE STATES WHCH INCLUDE: ARKANSAS, KANSAS, MISSOURI, OKLAHOMA, AND TEXAS. false false 89010787 89010787 GRANTS FOR SUPPORTED ORGANIZATIONS DESCRIBED IN SCHEDULE A, PART I, LINE G 89010787 true false false false false false false false false false true false false false false false false false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 5 0 true 0 false false false false false false false false false false false false X 7 7 true false false false true true false true true false false true true true true true true true true false AR X KARI HARRIS 4794641570 PO BOX 1860 BENTONVILLE AR 72712 ED FRYAR DIRECTOR, TREASURER 1.0 0 X X 2000 0 0 Heather Larkin DIRECTOR, VICE PRESIDENT 1.0 40.0 X X 2000 311689 41596 M SEAN EVANS DIRECTOR, SECRETARY 1.0 0 X X 0 0 0 Mark Simmons DIRECTOR, PRESIDENT 1.0 0 X X 2000 0 0 STEUART L WALTON DIRECTOR, CHAIRMAN 1.0 0.0 X X 0 0 0 RICHARD DUNSWORTH DIRECTOR 1.0 40.0 X 2000 288891 48137 ROBERT BURNS DIRECTOR 1.0 0 X 0 0 0 8000 600580 89733 0 false true false NORTHERN TRUST COMPANY 50 S LASALLE STREET CHICAGO IL 60603 INVESTMENTS 302374 MATHEMATICA INC PO BOX 2393 PRINCETON NJ 085432393 CONSULTING 114672 2 0 0 0 0 0 0 50501322 50501322 0 0 98292358 89960946 8331412 0 8331412 8331412 Pass Through Income 523000 -62672 -62672 NORTHERN TRUST - OTHER INCOME/LOSS 523000 -65467 -65467 0 0 0 0 -128139 58704595 0 0 58704595 89010787 89010787 8000 8000 16536 16536 302374 302374 114672 0 114672 0 104 104 NT Foreign Taxes 1876361 1876361 Pass Through Deductions 313861 313861 Miscellaneous 25 25 0 0 0 0 91642720 89010787 2631933 0 202430 216904 0 0 0 0 0 0 0 0 835412759 779440856 293460729 316480033 0 0 0 1129075918 1096137793 0 0 0 0 0 0 X 1129075918 1096137793 1129075918 1096137793 1129075918 1096137793 -32938125 0 X false false false X X X 6 ARKANSAS COMMUNITY FOUNDATION 521055743 8 true 3098645 0 HARDING UNIVERSITY 710236896 2 true 2484288 0 JOHN BROWN UNIVERSITY 710239576 2 true 2651863 0 NORTHWEST ARKANSAS COMMUNITY COLLEGE 710685540 6 true 1174660 0 UNIVERSITY OF ARKANSAS 716003252 6 true 77180535 0 UNIVERSITY OF THE OZARKS 710236867 2 true 2420796 0 6 89010787 0 false false false false false false false false false true false false false false false true false Schedule A, Part IV, Section A, Line 1 Supported Orgs Listed By Name SUPPORTED ORGANIZATIONS ARE LISTED BY CLASS IN THE ORGANIZATION'S CERTIFICATE OF INCORPORATION. THE ORGANIZATION HAS PROVIDED AND CONTINUES TO PROVIDE FUNDING TO THE UNIVERSITY OF THE OZARKS, HARDING UNIVERSITY, JOHN BROWN UNIVERSITY, UNIVERSITY OF ARKANSAS, NORTHWEST ARKANSAS COMMUNITY COLLEGE ("NWACC"), AND THE ARKANSAS COMMUNITY FOUNDATION. THE ORGANIZATION INTENDS TO CONTINUE ITS LONGSTANDING RELATIONSHIP WITH THESE ENTITIES. AT THE REQUEST OF THE UNIVERSITY OF ARKANSAS AND NWACC, THE ORGANIZATION PROVIDES ITS FUNDING FOR THESE TWO INSTITUTIONS THROUGH THEIR RESPECTIVE AFFILIATED FOUNDATIONS, WHICH ARE PUBLIC CHARITIES OPERATED IN CONNECTION WITH THESE INSTITUTIONS. Schedule A, Part IV, Section A, Line 9b Disqualified Persons Controlling Interest In Any Entity THE ORGANIZATION HOLDS, AS PART OF ITS DIVERSIFIED INVESTMENT PORTFOLIO, UNITS IN WALTON ENTERPRISES LLC, WHICH LLC IS CONTROLLED BY DISQUALIFIED PERSONS (DPS). THIS LLC INVESTMENT PRODUCES SUBSTANTIAL REGULAR INCOME WHICH THE ORGANIZATION USES TO FUND ITS CHARITABLE DISTRIBUTIONS. ONLY ONE DP IS ON THE ORGANIZATION'S BOARD OF DIRECTORS, WHICH IS CONTROLLED BY APPOINTEES OF THE ORGANIZATION'S PUBLIC CHARITY-SUPPORTED ORGANIZATIONS. THE ORGANIZATION'S INVESTMENT COMMITTEE CONSISTS ONLY OF PUBLIC CHARITY-APPOINTEES (AND NO DPS). Walton Enterprises, LLC 316480033 C 316480033 true Arkansas Community Foundation Inc 5 Allied Drive Suite 51110 Little Rock AR 72202 521055743 501(C)(3) 300000 To support 2023 annual operations. Arkansas Community Foundation Inc 5 Allied Drive Suite 51110 Little Rock AR 72202 521055743 501(C)(3) 12225 To support the 2023 annual operations for Arkansas Independent Colleges and Universities and to pay fees using the Education Awareness Donor Advised Fund. Arkansas Community Foundation Inc 5 Allied Drive Suite 51110 Little Rock AR 72202 521055743 501(C)(3) 2661420 Single Parent Scholarship Fund of Northwest Arkansas. Arkansas Community Foundation Inc 5 Allied Drive Suite 51110 Little Rock AR 72202 521055743 501(C)(3) 125000 Incent 25 affiliates to send five or more board members to the Diversity, Belonging, Inclusion, Equity (DBIE) Training. Harding University PO Box 10822 Searcy AR 721490001 710236896 501(C)(3) 1606588 To support the Walton International Scholarship Program for the freshman classes of 2019, 2020, and 2021. Harding University PO Box 10822 Searcy AR 721490001 710236896 501(C)(3) 877700 To support the Walton International Scholarship Program for the freshman classes of 2022, 2023, and 2024. John Brown University 2000 West University Street Siloam Springs AR 72761 710239576 501(C)(3) 1769239 To support the Walton International Scholarship Program for the freshman classes of 2019, 2020, and 2021. John Brown University 2000 West University Street Siloam Springs AR 72761 710239576 501(C)(3) 882624 To support the Walton International Scholarship Program for the freshman classes of 2022, 2023, and 2024. Northwest Arkansas Community College Foundation Inc One College Drive Bentonville AR 72712 710697377 501(C)(3) 926000 To support the development and launch of a Sustainable Trails Trade School. Northwest Arkansas Community College Foundation Inc One College Drive Bentonville AR 72712 710697377 501(C)(3) 248660 To support the new NWACC Cycling and Technician Education Center. University of Arkansas at Pine Bluff 1200 North University Drive Pine Bluff AR 71601 716056774 501(C)(3) 289405 To support the cost of up to 14 internship opportunities to rising sophomores and juniors attending the University of Arkansas at Pine Bluff and one Investing Fellow. University of Arkansas Foundation Inc 535 W Research Center Blvd Suite 120 Fayetteville AR 72701 716056774 501(C)(3) 50000 KUAF 2023 Annual Grant University of Arkansas Foundation Inc 535 W Research Center Blvd Suite 120 Fayetteville AR 72701 716056774 501(C)(3) 60000 Smart Mobility Planning Grant. University of Arkansas Foundation Inc 535 W Research Center Blvd Suite 120 Fayetteville AR 72701 716056774 501(C)(3) 226130 To support two career development center positions to support the College of Education and Health Professions and the Fulbright College of Arts and Sciences. University of Arkansas Foundation Inc 535 W Research Center Blvd Suite 120 Fayetteville AR 72701 716056774 501(C)(3) 1500000 Outdoor Industries. University of Arkansas Foundation Inc 535 W Research Center Blvd Suite 120 Fayetteville AR 72701 716056774 501(C)(3) 75055000 Research and Commercialization - Phase II, Establishment of I3R and Build Research Building. University of the Ozarks 415 North College Avenue Clarksville AR 72830 710236867 501(C)(3) 1541060 To support the Walton International Scholarship Program for the freshman classes of 2019, 2020, and 2021. University of the Ozarks 415 North College Avenue Clarksville AR 72830 710236867 501(C)(3) 879736 To support the Walton International Scholarship Program for the freshman classes of 2022, 2023, and 2024. 6 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. WITH EVERY GRANT, THE FOUNDATION REQUIRES THE GRANTEE TO USE THE FUNDS FOR ITS SPECIFIED EXEMPT PURPOSE. IN ADDITION, THE GRANTEE IS REQUIRED TO PREPARE A FINANCIAL AND NARRATIVE REPORT DUE WITHIN ONE YEAR OF RECEIPT OF THE GRANT. THE REPORT DETAILS HOW THE GRANT FUNDS WERE SPENT AND MUST BE REVIEWED AND APPROVED BY MANAGEMENT BEFORE ADDITIONAL GRANT FUNDS CAN BE PAID TO THE GRANTEE. CERTAIN FOUNDATION DIRECTORS ARE ALSO DIRECTORS OR OFFICERS OF THE ORGANIZATIONS THE FOUNDATION SUPPORTS, WHICH IS VERY HELPFUL TO THE FOUNDATION'S BOARD IN KEEPING THE BOARD APPRISED OF SUPPORTED ORGANIZATIONS ACTIVITIES AND HOW GRANT FUNDS ARE EXPENDED. X X false false false false false false false false false Heather Larkin DIRECTOR, VICE PRESIDENT 2000 311689 0 0 0 0 0 37500 0 4096 2000 353285 0 0 RICHARD DUNSWORTH DIRECTOR 2000 288891 0 0 0 0 0 24568 0 23568 2000 337028 0 0 Form 990, Part VI, Line 2 Family/business relationships amongst interested persons STEUART L. WALTON, M. SEAN EVANS AND ROBERT BURNS - Business relationship Form 990, Part VI, Line 6 Classes of members or stockholders THE ORGANIZATION HAS FOUR CLASS B MEMBERS AND FOUR CLASS A MEMBERS FOR A TOTAL OF EIGHT MEMBERS. EACH CLASS A MEMBER AUTOMATICALLY BECOMES A CLASS A DIRECTOR. THERE ARE THREE CLASS B DIRECTORS WHICH ARE ELECTED BY THE MAJORITY VOTE OF THE CLASS B MEMBERS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body CLASS B MEMBERS MAY ELECT CLASS B DIRECTORS WHO ARE A MINORITY PORTION OF THE GOVERNING BODY. Form 990, Part VI, Line 11b Review of form 990 by governing body AFTER PREPARATION AND REVIEW OF THE FORM 990 HAS BEEN COMPLETED, THE FORM IS SUBMITTED TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL PRIOR TO FILING OF THE RETURN. Form 990, Part VI, Line 12c Conflict of interest policy ON AN ANNUAL BASIS, EACH DIRECTOR MUST COMPLETE A CONFLICTS OF INTEREST POLICY STATEMENT AND DISCLOSE ANY EXISTING OR POTENTIAL CONFLICTS OF INTEREST WITH ANY ORGANIZATION AND OR INDIVIDUAL. Form 990, Part VI, Line 15a Process to establish compensation of top management official CERTAIN OF THE ORGANIZATION'S DIRECTORS AND OFFICERS (PUBLIC CHARITY-AFFILIATED DIRECTORS) RECEIVE A $2,000 ANNUAL STIPEND FOR THEIR SERVICE IN THESE POSITIONS. THIS AMOUNT IS BELOW THE MEDIAN AND AVERAGE AMOUNTS PAID BY COMPARABLE ORGANIZATIONS BASED ON COMPENSATION DATA, AND IS APPROVED BY THE ORGANIZATION'S FULL BOARD. Form 990, Part VI, Line 15b Process to establish compensation of other employees CERTAIN OF THE ORGANIZATION'S DIRECTORS AND OFFICERS (PUBLIC CHARITY-AFFILIATED DIRECTORS) RECEIVE A $2,000 ANNUAL STIPEND FOR THEIR SERVICE IN THESE POSITIONS. THIS AMOUNT IS BELOW THE MEDIAN AND AVERAGE AMOUNTS PAID BY COMPARABLE ORGANIZATIONS BASED ON COMPENSATION DATA, AND IS APPROVED BY THE ORGANIZATION'S FULL BOARD. Form 990, Part VI, Line 19 Required documents available to the public THE FOUNDATION'S GOVERNING DOCUMENTS ARE AVAILABLE FOR INSPECTION UPON REQUEST BY ORGANIZATIONS THAT QUALIFY TO RECEIVE FUNDING FROM THE FOUNDATION. ARKANSAS COMMUNITY FOUNDATION 5 Allied Drive Suite 51110 LITTLE ROCK AR 72202 521055743 GRANTMAKING AR 501(c)(3) 8 NA false UNIVERSITY OF THE OZARKS 415 N COLLEGE AVENUE CLARKSVILLE AR 72830 710236867 UNIVERSITY AR 501(c)(3) 2 NA false HARDING UNIVERSITY PO BOX 10772 SEARCY AR 72149 710236896 UNIVERSITY AR 501(c)(3) 2 NA false JOHN BROWN UNIVERSITY 2000 WEST UNIVERSITY STREET SILOAM SPRINGS AR 72761 710239576 UNIVERSITY AR 501(c)(3) 2 NA false UNIVERSITY OF ARKANSAS 1001 E Sain St FAYETTEVILLE AR 72703 716003252 UNIVERSITY AR 501(c)(3) 6 NA false NORTHWEST ARKANSAS COMMUNITY COLLEGE ONE COLLEGE DRIVE BENTONVILLE AR 72712 710685540 COLLEGE AR 501(c)(3) 6 NA false false true false false false false false false false false false false false false false false false false false