2020-02-04T13:55:35-06:00 2019-06-30 731413977 HOGANTAYLOR LLP 11300 CANTRELL ROAD SUITE 301 LITTLE ROCK AR 72212 990 2018-07-01 237337495 ARKANSAS ARTS CENTER FOUNDATION ARKA 5013724000 2510 CANTRELL ROAD LITTLE ROCK AR 72202 LAINE HARBER SECRETARY 5013724000 2020-01-24 1 MICHELLE MANN P01064483 5012275800 2020-01-14 12.234.194.162 2020-01-24 15:41:48 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 AEEAEEAA0479B19122EAC14597C879A9C576A2F9 2018 2020-09-23 17:36:50Z X LAINE HARBER 2510 CANTRELL ROAD LITTLE ROCK AR 72202 44284540 0 X N/A X 1972 AR THE ARKANSAS ARTS CENTER FOUNDATION WAS CREATED BY THE ARKANSAS ARTS CENTER IN 1972 TO MANAGE AND ADMINISTER AN ENDOWMENT FUND FOR THE BENEFIT OF THE CENTER AND TO HOLD LEGAL TITLE TO THE COLLECTION OF ART OBJECTS. 11 10 0 10 -92244 -92244 49642832 37031754 0 0 2011314 -2439272 2767 -83697 51656913 34508785 3389841 9565380 0 0 469943 629532 0 0 0 1239677 928580 5099461 11123492 46557452 23385293 80651214 102792864 2462144 2410582 78189070 100382282 THE ARKANSAS ARTS CENTER FOUNDATION WAS CREATED BY THE ARKANSAS ARTS CENTER IN 1972 TO MANAGE AND ADMINISTER AN ENDOWMENT FUND FOR THE BENEFIT OF THE CENTER AND TO HOLD LEGAL TITLE TO THE COLLECTION OF ART OBJECTS. 0 0 11123492 9565380 THE ARKANSAS ARTS CENTER FOUNDATION'S MISSION IS TO SUPPORT THE OPERATION OF AND TO PROVIDE A STABLE SOURCE OF INCOME TO THE ARKANSAS ARTS CENTER. 11123492 1 1 0 0 0 0 0 1 0 1 0 1 0 0 0 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 11 10 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 ARKANSAS ARTS CENTER FOUNDATION 5013724000 PO BOX 2137 LITTLE ROCK AR 72203 WARREN STEPHENS DIRECTOR 0.30 X 0 0 0 GEORGE O'CONNOR TREASURER 0.30 X X 0 0 0 JAMES DYKE DIRECTOR 0.30 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 CHAIRMAN 0.30 X X 0 0 0 JOHN ED ANTHONY DIRECTOR 0.30 X 0 0 0 MERRITT DYKE DIRECTOR 0.30 2.00 X 0 0 0 TERRI ERWIN DIRECTOR 0.30 X 0 0 0 MIKE MAYTON DIRECTOR 0.30 X 0 0 0 LAINE HARBER SECRETARY 0.30 40.00 X X 0 200000 0 0 200000 0 0 0 1 0 STEPHENS INC 111 CENTER STREET LITTLE ROCK AR 72201 INVESTMENT SERVICES 210004 1 1000000 36031754 37031754 1587642 1587642 5748841 5573288 4202467 175553 -4202467 -4026914 -4026914 CASH SURRENDER VALUE LIFE INSURAN 519100 5475 5475 PASSTHROUGH INCOME 211110 -89172 -92244 3072 -83697 34508785 0 -92244 -2430725 9565380 9565380 629532 629532 73413 73413 210004 210004 413874 413874 47827 47827 BUILDING EXPENSE ACCOUN 162687 162687 AGENCY FEES 10000 10000 SHIPPING 9800 9800 BOARD EXPENSE 527 527 448 448 11123492 11123492 0 0 2211 5035589 10714129 12673281 29489379 38320083 0 0 7446550 0 32199202 45953499 799743 810412 80651214 102792864 2462144 2410582 2462144 2410582 X 24683148 14728990 38413864 70525122 15092058 15128170 78189070 100382282 80651214 102792864 X 23385293 -1206186 14105 X 0 1 X 1 0 X 2186480 1853380 5309844 49642832 37031754 96024290 2186480 1853380 5309844 49642832 37031754 96024290 53578258 42446032 948458 989528 723861 900203 1580121 5142171 4875 5039 848695 5341 5475 869425 102035886 0.41600 0.34300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 78164070 37031754 349338 15187880 100357282 27863096 49642832 5978555 5320413 78164070 24289724 5309844 3386985 5123457 27863096 27729320 1887141 506248 4820789 24289424 29003968 2186480 826806 4287934 27729320 0.14680 0.85320 0 0 0 U.S. GOVERNMENT OBLIGATIONS 14583176 F MUTUAL FUNDS 12195868 F CORPORATE OBLIGATIONS 1041199 F EQUITIES 17117299 F ALTERNATIVE INVESTMENTS 1015957 F 45953499 X 37381092 -1206186 4288497 3082311 34298781 210004 210004 34508785 15187880 4274392 4274392 10913488 210004 210004 11123492 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. ACCOUNTING STANDARDS REQUIRE THE FOUNDATION TO EVALUATE TAX POSITIONS AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE FOUNDATION HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2019 AND 2018, 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 79,066. INTEREST DECREASE IN PERPETUAL TRUST 6,964. LOSS ON SALE OF FIXED ASSETS 4,202,467. PART XII, LINE 2D - OTHER ADJUSTMENTS: ACQUISITION OF WORKS OF ART 71,925. LOSS ON SALE OF FIXED ASSETS 4,202,467. 0 ARKANSAS ARTS CENTER 2510 CANTRELL ROAD LITTLE ROCK AR 72202 710332820 115 3600255 5965125 FMV FIXED ASSET SUPPORT THE MISSION OF THE FOUNDATION IS TO SUPPORT THIS ENTITY. 1 0 0 0 0 0 0 0 0 0 LAINE HARBER SECRETARY 0 200000 0 0 0 0 0 0 0 0 0 200000 0 0 WARREN STEPHENS DIRECTOR OF AACF AND OWNERSHIP INTEREST IN STEPHENS INC. 210004 AACF PAID STEPHENS INC FOR INVESTMENT MANAGEMENT FEES. 0 X 80 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 ROBERT TUCKER, CHAIRMAN OF THE BOARD, WORKS AT STEPHENS INC FOR WARREN STEPHENS, A DIRECTOR OF THE BOARD. 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: ACQUISITIONS OF WORKS OF ART -71,925. INTEREST INCREASE IN PERPETUAL TRUST 6,964. PASSTHROUGH INVESTMENT INCOME 79,066. ARKANSAS ARTS CENTER 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 ARTS CENTER FOUNDATION GRANTS FUNDS TO THE ARTS B 9565380 COST CENTER ARKANSAS ARTS CENTER FOUNDATION DOES NOT HAVE ANY EMPLOYEES M ALL THE SERVICES PERFORMED FOR THE FOUNDATION ARE PERFORMED BY THE ARTS CENTER EMPLOYEES ARKANSAS ARTS CENTER FOUNDATION DOES NOT HAVE ANY EMPLOYEES N OR A FACILITY IT UTILIZES THE FACILITIES OF THE ARTS CENTER TO CONDUCT ITS OPERATIONS ARKANSAS ARTS CENTER FOUNDATION DOES NOT HAVE ANY EMPLOYEES O 629532 ALL THE SERVICES PERFORMED FOR THE FOUNDATION ARE PERFORMED BY THE ARTS CENTER EMPLOYEES