2022-11-11T15:43:06-06:00 2021-12-31 731413977 HOGANTAYLOR LLP 11300 CANTRELL ROAD SUITE 301 LITTLE ROCK AR 72212 990 2021-07-01 237337495 ARKANSAS MUSEUM OF FINE ARTS FOUNDATION ARKA 5013724000 PO BOX 2137 LITTLE ROCK AR 72203 LAINE HARBER CHIEF FINANCIAL OFFICER 5013724000 2022-11-11 1 LAINE HARBER 999009999 MICHELLE MANN P01064483 5012275800 2022-11-11 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z LAINE HARBER PO BOX 2137 LITTLE ROCK AR 72203 22382695 0 X N/A X 1972 AR THE ARKANSAS MUSEUM OF FINE ARTS FOUNDATION WAS CREATED BY THE ARKANSAS MUSEUM OF FINE ARTS IN 1972 TO MANAGE AND ADMINISTER AN ENDOWMENT FUND FOR THE BENEFIT OF THE MUSEUM AND TO HOLD LEGAL TITLE TO THE COLLECTION OF ART OBJECTS. 10 9 0 10 -57253 0 17262973 13217454 0 0 2822763 1275847 -115294 -58631 19970442 14434670 38625548 14155020 0 0 1069414 717646 0 0 0 553907 406634 40248869 15279300 -20278427 -844630 93043643 89066832 8258660 4348576 84784983 84718256 THE ARKANSAS MUSEUM OF FINE ARTS FOUNDATION WAS CREATED BY THE ARKANSAS MUSEUM OF FINE ARTS IN 1972 TO MANAGE AND ADMINISTER AN ENDOWMENT FUND FOR THE BENEFIT OF THE MUSEUM AND TO HOLD LEGAL TITLE TO THE COLLECTION OF ART OBJECTS. 0 0 15279300 14155020 THE ARKANSAS MUSEUM OF FINE ARTS FOUNDATION'S MISSION IS TO SUPPORT THE OPERATION OF AND TO PROVIDE A STABLE SOURCE OF INCOME TO THE ARKANSAS MUSEUM OF FINE ARTS. 15279300 1 1 0 0 0 0 0 1 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 1 0 AR X LAINE HARBER 5013724000 PO BOX 2137 LITTLE ROCK AR 72203 WARREN STEPHENS CHAIRMAN 0.30 X X 0 0 0 GEORGE O'CONNOR TREASURER 0.30 X X 0 0 0 BEN HUSSMAN VICE - CHAIRMAN 0.30 X X 0 0 0 CLAIBORNE DEMING DIRECTOR 0.30 X 0 0 0 ROBERT TUCKER PAST CHAIR 0.30 X X 0 0 0 JOHN ED ANTHONY DIRECTOR 0.30 X 0 0 0 HARRIET STEPHENS DIRECTOR 0.30 X 0 0 0 TERRI ERWIN DIRECTOR 0.30 X 0 0 0 MICHAEL MAYTON DIRECTOR 0.30 X 0 0 0 VICTORIA RAMIREZ SECRETARY 0.30 40.00 X X 0 269544 0 0 269544 0 0 0 1 0 STEPHENS INC 111 CENTER STREET LITTLE ROCK AR 72201 INVESTMENT SERVICES 101926 1 2394513 10822941 13217454 723429 723429 8500443 7948025 552418 552418 552418 PASSTHROUGH INCOME 211110 -58631 -57253 -1378 -58631 14434670 0 -57253 1274469 14155020 14155020 717646 717646 480 480 19233 19233 101926 101926 13281 13281 NEW BUILDING EXPENSE 228303 228303 ACQUISITIONS - FINE ART 32850 32850 RESTORATION/CONSERVATIO 10148 10148 MISCELLANEOUS 383 383 30 30 15279300 15279300 0 0 180129 1737664 26507420 25145193 16580294 11677551 7280000 7280000 41655489 42301349 840311 925075 93043643 89066832 7179104 3795438 1079556 553138 8258660 4348576 X 15890804 15878298 68894179 68839958 84784983 84718256 93043643 89066832 X -844630 647513 130390 X 0 1 X 1 0 X 49642832 37031754 8301528 17262973 13217454 125456541 49642832 37031754 8301528 17262973 13217454 125456541 57534470 67922071 900203 1580121 1245742 817445 723429 5266940 5341 5475 5558 16374 130739855 0.51950 0.49700 X PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION'S CURRENT YEAR IS A SHORT YEAR DUE TO A CHANGE IN ACCOUNTING PERIOD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 84759983 12691036 2419611 15177374 84693256 99486084 17262973 8106271 40095345 84759983 100357282 8340225 -2313400 6898023 99486084 78164070 37031754 349338 15187880 100357282 27863096 49642832 5978555 5320413 78164070 0.20873 0.79127 0 0 0 EQUITIES 25405 F U.S. GOVERNMENT OBLIGATIONS 22447410 F MUTUAL FUNDS 17153344 F CORPORATE OBLIGATIONS 1613892 F ALTERNATIVE INVESTMENTS 1061298 F 42301349 PPP LOAN 553138 553138 X 15110647 647513 130390 777903 14332744 101926 101926 14434670 15134376 0 15134376 101926 42998 144924 15279300 PART III, LINE 1A: THE FOUNDATION'S PERMANENT COLLECTION INCLUDES ART OBJECTS HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS, WHICH HAVE BEEN ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE FOUNDATION'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENTS OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. NET ASSETS THAT ARE TEMPORARILY RESTRICTED FOR THE ACQUISITION OF ART OBJECTS ARE RELEASED FROM RESTRICTION WHEN USED TO PURCHASE ITEMS FOR THE PERMANENT COLLECTION. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE RECORDED AS INCREASES IN UNRESTRICTED NET ASSETS; HOWEVER, THE COLLECTIONS ARE SUBJECT TO A BOARD POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. PART X, LINE 2: THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE CODE) AND IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE FOUNDATION HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2021 AND 2020, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE THE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION MAY BE SUBJECT TO AUDIT BY THE INTERNAL REVENUE SERVICE; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PASSTHROUGH INVESTMENT INCOME NETTED WITH EXPENSES 45,626. INTEREST INCREASE IN PERPETUAL TRUST 84,764. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESTORATION/CONSERVATION 10,148. ACQUISITIONS - FINE ART 32,850. 0 ARKANSAS MUSEUM OF FINE ARTS 2510 CANTRELL ROAD LITTLE ROCK AR 72202 710332820 115 14155020 0 THE MISSION OF THE FOUNDATION IS TO SUPPORT THIS ENTITY. 1 0 0 0 0 0 0 0 0 0 VICTORIA RAMIREZ SECRETARY 0 269544 0 0 0 0 0 0 0 0 0 269544 0 0 WARRENHARRIET STEPHENS DIRECTOR OF AMFAF AND OWNERSHIP INTEREST IN STEPHENS INC. 101926 AMFAF PAID STEPHENS INC FOR INVESTMENT MANAGEMENT FEES. 0 X 491 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 ROBERT TUCKER, PAST CHAIRMAN OF THE BOARD, WORKS AT STEPHENS INC FOR WARREN STEPHENS, THE CURRENT CHAIRMAN OF THE BOARD. WARREN STEPHENS, THE CURRENT CHAIRMAN OF THE BOARD, IS MARRIED TO HARRIET STEPHENS, A CURRENT BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WILL BE REVIEWED BY THE INVESTMENT COMMITTEE AND DISCUSSED AMONGST THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C REGULAR BOARD MEETINGS AND DISCLOSURE WITHIN MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE INFORMATION WILL BE MADE AVAILABLE. FORM 990, PART XI, LINE 9: INTEREST INCREASE IN PERPETUAL TRUST 84,764. PASSTHROUGH INVESTMENT INCOME 45,626. ARKANSAS MUSEUM OF FINE ARTS 2510 CANTRELL ROAD LITTLE ROCK AR 72202 710332820 MUSEUM AR 115 GOVERNMENT ENTITY 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 ARKANSAS MUSEUM OF FINE ARTS FOUNDATION GRANTS FUNDS TO THE ARKANSAS MUSEUM B 14155020 COST OF FINE ARTS ARKANSAS MUSEUM OF FINE ARTS FOUNDATION DOES NOT HAVE ANY EMPLOYEES M ALL THE SERVICES PERFORMED FOR THE FOUNDATION ARE PERFORMED BY THE ARKANSAS MUSEUM OF FINE ARTS EMPLOYEES ARKANSAS MUSEUM OF FINE ARTS FOUNDATION DOES NOT HAVE ANY EMPLOYEES N OR A FACILITY IT UTILIZES THE FACILITIES OF THE ARKANSAS MUSEUM OF FINE ARTS TO CONDUCT ITS OPERATIONS ARKANSAS MUSEUM OF FINE ARTS FOUNDATION DOES NOT HAVE ANY EMPLOYEES O 717646 ALL THE SERVICES PERFORMED FOR THE FOUNDATION ARE PERFORMED BY THE ARKANSAS MUSEUM OF FINE ARTS EMPLOYEES