2021-11-11T19:00:46-06:00 2020-12-31 621665434 WALTON ENTERPRISES LLC PO BOX 1860 BENTONVILLE AR 72712 990 2020-01-01 581766770 Walton Family Charitable Support Foundation Inc WALT PO BOX 2030 BENTONVILLE AR 72712 M SEAN EVANS SECRETARY 2021-11-11 true M SEAN EVANS 999009999 KENT C CROUCH P00810750 4794641500 2020 2022-09-23 18:48:47Z Mark Simmons 410 W Central Siloam Springs AR 76761 701025905 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 0 0 0 0 39178313 649299913 -36429 218463 39141884 649518376 14089643 44972059 0 8000 0 0 0 690698 1116404 14788341 46088463 24353543 603429913 649821974 1131575285 0 0 649821974 1131575285 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 44972059 44972059 GRANTS TO SUPPORTED ORGANIZATIONS DESCRIBED IN SCHEDULE I, PART II, LINE 1 44972059 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 1 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 false false false AR X SHANNA A JONES 4794641570 PO BOX 1860 BENTONVILLE AR 72712 HEATHER LARKIN Director: Vice President 1.0 40.0 X X 0 239150 51792 Karen Minkel DIRECTOR, TREASURER 1.0 0.0 X X 0 0 0 M Sean Evans DIRECTOR, SECRETARY 1.0 0.0 X X 0 0 0 Mark Simmons DIRECTOR, PRESIDENT 1.0 1.0 X X 0 0 0 ED FRYAR DIRECTOR 1.0 1.0 X 0 0 0 RICHARD DUNSWORTH Director 1.0 40.0 X 0 243583 56655 Steuart L Walton DIRECTOR, CHAIR 1.0 0.0 X 0 0 0 0 482733 108447 0 false true false NORTHERN TRUST COMPANY 50 S LASALLE STREET CHICAGO IL 60603 INVESTMENTS 200201 0 0 0 0 0 0 0 42178844 42178844 0 0 658628598 51507529 607121069 0 607121069 607121069 NORTHERN TRUST - OTHER INCOME/LOSS 218463 218463 0 0 0 0 218463 649518376 0 0 649518376 44972059 44972059 40561 40561 5835 5835 200201 200201 21078 0 21078 0 108 108 807 807 PASS THROUGH DEDUCTIONS 9133 9133 NT - FOREIGN TAXES 838093 838093 REGISTERED AGENT FEES 510 510 SECRETATY OF STATE FEES 25 25 53 0 53 0 46088463 44972059 1116404 0 118779 152784 131768 0 0 0 0 0 0 0 0 234565751 837830191 415137444 293460542 0 0 0 649821974 1131575285 0 0 0 0 0 0 X 649821974 1131575285 649821974 1131575285 649821974 1131575285 X 603429913 -121676602 X false false false X X X 5 ARKANSAS COMMUNITY FOUNDATION 521055743 8 true 5470216 0 UNIVERSITY OF THE OZARKS 710236867 2 true 3030792 0 HARDING UNIVERSITY 710236896 2 true 2463087 0 JOHN BROWN UNIVERSITY 710239576 2 true 10984076 0 UNIVERSITY OF ARKANSAS FOUNDATION 716056774 5 true 23023888 0 5 44972059 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 FOUNDATION AND THE ARKANSAS COMMUNITY FOUNDATION. THE ORGANIZATION INTENDS TO CONTINUE ITS LONGSTANDING RELATIONSHIP WITH THESE ENTITIES. Schedule A, Part IV, Section A, Line 9b Disqualified Persons Controlling Interest In Any Entity THE FOUNDATION 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 FOUNDATION USES TO FUND ITS CHARITABLE DISTRIBUTIONS. ONLY ONE DP IS ON THE FOUNDATION'S BOARD OF DIRECTORS, WHICH IS CONTROLLED BY APPOINTEES OF THE FOUNDATION'S PUBLIC CHARITY-SUPPORTED ORGANIZATIONS. THE FOUNDATION'S INVESTMENT COMMITTEE CONSISTS ONLY OF PUBLIC CHARITY-APPOINTEES (AND NO DPS). WALTON ENTERPRISES, LLC UNITS 293460542 C 293460542 true ARKANSAS COMMUNITY FOUNDATION 1400 WEST MARKHAM LITTLE ROCK AR 72201 521055743 501(C)(3) 5470216 CHARITABLE GRANTS HARDING UNIVERSITY PO BOX 10772 SEARCY AR 72149 710236896 501(C)(3) 2463087 INT'L SCHOLARSHIP PROGRAM JOHN BROWN UNIVERSITY 200 W UNIVERSITY STREET SILOAM SPRINGS AR 72149 710239576 501(C)(3) 10984076 INT'L SCHOLARSHIP PROGRAM AND $8 MILLION ENDOWMENT GRANT FOR CHAIR AND SCHOLARSHIPS FOR A COMPUTER SCIENCE AND DATA ANALYTICS PROGRAM UNIVERSITY OF ARKANSAS FOUNDATION 55 RESEARCH CENTER BLVD FAYETTEVILLE AR 72701 716056774 501(C)(3) 22973888 ENDOWMENT GRANT UNIVERSITY OF ARKANSAS FOUNDATION - KAUF 55 RESEARCH CENTER BLVD FAYETTEVILLE AR 72701 716056774 501(C)(3) 50000 OPERATING GRANT UNIVERSITY OF THE OZARKS 415 N COLLEGE AVENUE CLARKSVILLE AR 72830 710236867 501(C)(3) 3030792 INT'L SCHOLARSHIP PROGRAM 5 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 true true HEATHER LARKIN Director: Vice President 0 239150 0 0 0 0 0 44100 0 7692 0 290942 0 0 RICHARD DUNSWORTH Director 0 243583 0 0 0 0 0 20673 0 35982 0 300238 0 0 Schedule J, Part I, Line 1a First-class or charter travel A charter flight was provided to a former long tenured member of the Board to attend his last Board meeting prior to retirement from his position on the Board. The former board member lives in a rual area that is not in proximity to an airport with commercial flights making travel to the Board meeting difficult. Form 990, Part VI, Line 2 STEUART L. WALTON, DIRECTOR AND BOARD CHAIR AND DIRECTORS M.SEAN EVANS AND KAREN MINKEL HAVE A 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 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. Form 990, Part XI, Line 9 THE FOUNDATION INVESTS A PORTION OF ITS ASSETS IN COMMON TRUST FUNDS AND OTHER INVESTMENTS MANAGED BY NORTHERN TRUST. A PORTION OF THE COMMON TRUST FUND INCOME IS REPORTED AS INCOME/lOSS FOR TAX PURPOSES IN THE CURRENT YEAR BUT NOT POSTED FOR BOOK PURPOSES UNTIL THE SUBSEQUENT YEAR. IN ADDITION, THE TAXPAYER SOLD A LARGE BLOCK OF PUBLICLY TRADED SECURITIES IN 2020 HAVING A DIFFERENT COST AND TAX BASIS. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Book Tax Difference - -XXX-XX-XXXX; ARKANSAS COMMUNITY FOUNDATION 1400 WEST MARKHAM Little Rock AR 72201 521055743 Charitable 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 FOUNDATION 535 RESEARCH CENTER BLVD Fayetteville AR 72701 716056774 University AR 501(c)(3) 5 NA false false true false false false false false false false false false false false false false false false false false