2020-08-10T11:48:30-05:00 2019-12-31 WALTON ENTERPRISES LLC PO BOX 1860 BENTONVILLE AR 72712 990 2019-01-01 581766770 WALTON FAMILY CHARITABLE SUPPORT FDN % SHANNA A JONES WALT PO BOX 2030 BENTONVILLE AR 72712 M SEAN EVANS SECRETARY 4794641500 2020-07-07 true KENT C CROUCH P00810750 4794641500 98.187.134.59 71504120202235000011 2020-08-10 P C5CE2CB6658C0656BD6A6450AE8954D5EA3DB667 C5CE2CB6658C0656BD6A6450AE8954D5EA3DB667 2019 2020-09-22 18:59:49Z KANEASTER HODGES 100 PSE RD1 NEWPORT AR 72112 51290933 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 18933048 0 0 0 40499434 39178313 0 -36429 59432482 39141884 13669061 14089643 0 0 8000 8000 0 0 0 836242 690698 14513303 14788341 44919179 24353543 625140583 649821974 0 0 625140583 649821974 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 14095643 14089643 GRANTS TO SUPPORTED ORGANIZATIONS DESCRIBED IN SCHEDULE I, PART II, LINE 1 14095643 true false 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 false false false false false false false false false false false false false false true false false false true 6 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 MARK SIMMONS DIRECTOR 1.0 0.0 X 2000 0 0 RICK D NIECE DIRECTOR & VICE PRESIDENT 1.0 0.0 X X 2000 0 0 DONALD MUNRO DIRECTOR 1.0 0.0 X 2000 0 0 KANEASTER HODGES JR DIRECTOR & PRESIDENT 1.0 0.0 X X 2000 0 0 JIM C WALTON DIRECTOR/CHAIRMAN OF THE BOARD 1.0 0.0 X X 0 0 0 BUDDY D PHILPOT DIRECTOR/SEC. (UNTIL 11/1/19) 1.0 0.0 X X 0 0 0 RICHARD D CHAPMAN DIRECTOR/TRES.(UNTIL 11/1/19) 1.0 0.0 X X 0 0 0 M SEAN EVANS DIRECTOR (FROM 11/1/19) 1.0 0.0 X 0 0 0 KAREN MINKEL DIRECTOR (FROM 11/1/19) 1.0 0.0 X 0 0 0 8000 0 0 0 false false false NORTHERN TRUST COMPANY 50 S LASALLE STREET CHICAGO IL 60603 INVESTMENTS 153190 1 0 0 39204562 39204562 0 0 0 0 0 12122800 12149049 -26249 -26249 -26249 0 0 0 0 0 0 0 0 0 NORTHERN TRUST - OTHER INCOME/LOSS -36429 -36429 -36429 39141884 39141884 14089643 14089643 0 0 0 8000 6000 2000 0 0 0 0 0 37757 37757 34189 34189 0 0 0 169572 169572 0 0 0 0 0 0 578 578 0 0 0 0 0 0 MISCELLANEOUS 535 535 NT - FOREIGN TAXES 448067 448067 14788341 14095643 692698 0 X 0 0 76926 118779 0 0 12000 0 0 0 0 0 0 0 0 0 0 0 0 0 209913711 234565751 415137946 415137444 0 0 0 0 0 0 625140583 649821974 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 625140583 649821974 625140583 649821974 625140583 649821974 X 24353543 327848 X false false false X X X 6 ARKANSAS COMMUNITY FOUNDATION 521055743 8 true 3017714 0 UNIVERSITY OF THE OZARKS 710236867 2 true 3375910 0 HARDING UNIVERSITY 710236896 2 true 2545510 0 JOHN BROWN UNIVERSITY 710239576 2 true 2714641 0 UNIVERSITY OF ARKANSAS FOUNDATION - KUAF 716056774 5 true 50000 0 UNIVERSITY OF ARKANSAS FOUNDATION 716056774 5 true 2385868 0 6 14089643 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 ORGANIZATIONS ARE LISTED BY CLASS IN THE ORGANIZATION'S CERTIFICATE OF INCORPORATION. SEE ATTACHMENT 1 ON SCHEDULE O. 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 The Foundation holds, as part of its 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 Foundations Board of Directors, which is controlled by appointees of the Foundations public charity-supported organizations. The Foundations investment committee consists only of public charity-appointees (and no DPs). WALTON ENTERPRISES,LLC UNITS 415137444 C 415137444 true UNIVERSITY OF ARKANSAS FOUNDATION - KUAF 55 RESEARCH CENTER BLVD FAYETTEVILLE AR 72701 716056774 501(c)(3) 50000 OPERATING GRANT ARKANSAS COMMUNITY FOUNDATION 1400 W MARKHAM LITTLE ROCK AR 72201 521055743 501(c)(3) 3017714 CHARITABLE GRANTS JOHN BROWN UNIVERSITY 200 WEST UNIVERSITY STREET SILOAM SPRINGS AR 72761 710239576 501(c)(3) 2714641 INT'L SCHOLARSHIPS UNIVERSITY OF THE OZARKS 415 N COLLEGE AVE CLARKSVILLE AR 72830 710236867 501(c)(3) 3375910 INT'L SCHOLARSHIPS HARDING UNIVERSITY PO BOX 10772 SEARCY AR 72149 710236896 501(c)(3) 2545510 INT'L SCHOLARSHIPS UNIVERSITY OF ARKANSAS FOUNDATION 55 RESEARCH CENTER BLVD FAYETTEVILLE AR 72701 716056774 501(C)(3) 2385868 ENDOWMENT GRANT 5 GRANTEE MONITORING 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. PART VI, SECTION A, LINE 2 JIM C. WALTON IS A CLASS B MEMBER, DIRECTOR AND CHAIRMAN OF THE BOARD OF THE FOUNDATION. RICHARD D. CHAPMAN AND BUDDY D. PHILPOT WERE REPLACED AS CLASS B DIRECTORS OF THE FOUNDATION BY M.SEAN EVANS AND KAREN MINKEL ON 11/1/2019. M. SEAN EVANS AND KAREN MINKEL ARE EMPLOYEES OF WALTON ENTERPRISES, LLC (AS WERE RICHARD D. CHAPMAN AND BUDDY D. PHILPOT WHO WERE REPLACED)AND JIM C. WALTON IS AN LLC MEMBER OF WALTON ENTERPRISES, LLC. PART VI, SECTION A, LINE 6 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. PART VI, SECTION A, LINE 7A CLASS B MEMBERS MAY ELECT CLASS B DIRECTORS WHO ARE A MINORITY PORTION OF THE GOVERNING BODY. PART VI, SECTION B, LINE 11A 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. PART VI, SECTION B, LINE 12C 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. PART VI, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS ARE AVAILABLE FOR INSPECTION UPON REQUEST BY ORGANIZATIONS THAT QUALIFY TO RECEIVE FUNDING FROM THE FOUNDATION. PART XI, LINE 9 THE FOUNDATION INVESTS A PORTION OF ITS ASSETS IN COMMON TRUST FUNDS MANAGED BY NORTHERN TRUST. A PORTION OF THE COMMON TRUST FUND INCOME IS REPORTED AS INCOME FOR TAX PURPOSES IN THE CURRENT YEAR BUT NOT POSTED FOR BOOK PURPOSES UNTIL THE SUBSEQUENT YEAR. University of Arkansas Foundation - KAUF 535 Research Center Blvd Fayetteville AR 72701 716056774 University AR 501(c)(3) 5 NA false 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 UNIVERSITY OF ARKANSAS FOUNDATION - KUAF B 50000 BOARD DECISION ARKANSAS COMMUNITY FOUNDATION B 3017714 BOARD DECISION JOHN BROWN UNIVERSITY B 2714641 BOARD DECISION UNIVERSITY OF THE OZARKS B 3375910 BOARD DECISION HARDING UNIVERSITY B 2545510 BOARD DECISION UNIVERSITY OF ARKANSAS FOUNDATION B 2385868 BOARD DECISION