2023-10-16T22:30:22+00:00 2022-12-31 621665434 WALTON ENTERPRISES LLC PO BOX 1860 BENTONVILLE AR 72712 990 2022-01-01 581766770 Walton Family Charitable Support Foundation Inc WALT PO BOX 2030 BENTONVILLE AR 72712 M SEAN EVANS SECRETARY 2023-10-16 true M SEAN EVANS 999009999 LUKE C MITCHELL P03095207 4794641500 2022 2023-04-26 12:10:37Z Mark Simmons 410 W Central Siloam Springs AR 76761 64823695 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 3 0 0 0 0 82520571 28025886 -345421 -557475 82175150 27468411 66504790 40786666 0 16000 8000 0 0 2323272 2504200 68844062 43298866 13331088 -15830455 1144906373 1129075918 0 0 1144906373 1129075918 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 40786666 40786666 GRANTS FOR SUPPORTED ORGANIZATIONS DESCRIBED IN SCHEDULE A, PART I, LINE G 40786666 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 SHANNA A JONES 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 325229 62253 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 X X 0 0 0 Richard Dunsworth DIRECTOR 1.0 40.0 X 2000 285862 45950 Robert Burns DIRECTOR 1.0 0 X 0 0 0 8000 611091 108202 0 false true false NORTHERN TRUST COMPANY 50 S LASALLE STREET CHICAGO IL 60603 INVESTMENTS 306142 MATHEMATICA INC PO BOX 2393 PRINCETON NJ 085432393 CONSULTING 139616 2 0 0 0 0 0 0 49292282 49292282 0 0 16088888 37355284 -21266396 0 -21266396 -21266396 NORTHERN TRUST - OTHER INCOME/LOSS 523000 -654996 -654996 Pass Through Income 523000 97521 97521 0 0 0 0 -557475 27468411 0 0 27468411 40786666 40786666 8000 8000 29050 29050 306142 306142 139616 0 139616 0 176 176 NT Foreign Taxes 1724431 1724431 Pass Through Deductions 303194 303194 1591 0 1591 0 43298866 40786666 2512200 0 442415 202430 0 0 0 0 0 0 0 0 0 851003089 835412759 293460869 293460729 0 0 0 1144906373 1129075918 0 0 0 0 0 0 X 1144906373 1129075918 1144906373 1129075918 1144906373 1129075918 -15830455 0 X false false false X X X 6 ARKANSAS COMMUNITY FOUNDATION 521055743 8 true 3358005 0 HARDING UNIVERSITY 710236896 2 true 2639526 0 JOHN BROWN UNIVERSITY 710239576 2 true 2702931 0 NORTHWEST ARKANSAS COMMUNITY COLLEGE 710685540 6 true 247810 0 UNIVERSITY OF ARKANSAS 716003252 6 true 29356722 0 UNIVERSITY OF THE OZARKS 710236867 2 true 2481672 0 6 40786666 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 293460729 C 293460729 true Arkansas Community Foundation Inc 5 Allied Drive Suite 51110 Little Rock AR 72202 521055743 501(C)(3) 3358004 2022 ANNUAL OPERATIONS SUPPORT AND TO SUPPORT COSTS ASSOCIATED WITH SINGLE PARENT SCHOLARSHIP FUNDS OF NORTHWEST ARKANSAS Harding University PO Box 10822 Searcy AR 721490001 710236896 501(C)(3) 2639526 INTERNATIONAL SCHOLARSHIP PROGRAM John Brown University 2000 West University Street Siloam Springs AR 72761 710239576 501(C)(3) 2702931 INTERNATIONAL SCHOLARSHIP PROGRAM Northwest Arkansas Community College Foundation Inc One College Drive Bentonville AR 72712 710697377 501(C)(3) 247810 TO SUPPORT THE NEW NWACC CYCLING AND TECHNICIAN EDUCATION CENTER AND Workforce and Economic Development University of Arkansas at Pine Bluff 1200 North University Drive Pine Bluff AR 71601 716056774 501(C)(3) 365568 SUPPORT THE COST OF INTERNSHIP OPPORTUNITIES TO RISING SOPHOMORES AND JUNIORS ATTENDING UNIVERSITY OF ARKANSAS - PINE BLUFF. University of Arkansas Foundation Inc 535 W Research Center Blvd Suite 120 Fayetteville AR 72701 716056774 501(C)(3) 28485868 Research Grant University of Arkansas Foundation Inc 535 W Research Center Blvd Suite 120 Fayetteville AR 72701 716056774 501(C)(3) 149287 UA Fayetteville Career Development Center University of Arkansas Foundation Inc 535 W Research Center Blvd Suite 120 Fayetteville AR 72701 716056774 501(C)(3) 50000 2022 Annual Grant for KUAF Radio University of Arkansas Foundation Inc 535 W Research Center Blvd Suite 120 Fayetteville AR 72701 716056774 501(C)(3) 206000 Smart Mobility Research Grant University of Arkansas Foundation Inc 535 W Research Center Blvd Suite 120 Fayetteville AR 72701 716056774 501(C)(3) 100000 Chancellor Search Support University of the Ozarks 415 North College Avenue Clarksville AR 72830 710236867 501(C)(3) 2481672 INTERNATIONAL SCHOLARSHIP PROGRAM 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 325229 0 0 0 0 0 58250 0 4003 2000 387481 0 0 Richard Dunsworth DIRECTOR 2000 285862 0 0 0 0 0 24205 0 21744 2000 331811 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 THREE CLASS B MEMBERS AND FOUR CLASS A MEMBERS FOR A TOTAL OF SEVEN 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 1400 WEST MARKHAM LITTLE ROCK AR 72201 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