2014-03-25T13:30:47-05:00 2013-06-30 201776739 JPMS COX PLLC 11300 CANTRELL ROAD SUITE 301 LITTLE ROCK AR 72212 990 2012-07-01 237337495 ARKANSAS ARTS CENTER FOUNDATION ARKA 5013724000 PO BOX 2137 LITTLE ROCK AR 72203 TODD HERMAN 5013724000 2014-03-25 1 MARY ELLEN VANGILDER P00626271 5012275800 2014-03-25 2012 2015-11-30 17:44:51Z TODD HERMAN PO BOX 2137 LITTLE ROCK AR 72203 14983986 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. 13 13 0 15 -1802 -1802 4854926 7873346 0 0 664492 705333 -4366 2677 5515052 8581356 5411621 2240850 0 0 0 0 0 0 0 794649 774215 6206270 3015065 -691218 5566291 27112356 34227129 2296720 2565702 24815636 31661427 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 3015065 2240850 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. 3015065 1 1 0 0 0 0 0 1 0 0 1 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 X 1 0 1 0 0 0 0 0 0 0 0 0 X 13 13 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 1 0 AR X X LAINE HARBER ARKANSAS ARTS CENTER FOUNDATION 5013724000 PO BOX 2137 LITTLE ROCK AR 72203 WARREN STEPHENS 0.30 X X 0 0 0 GEORGE O'CONNOR 0.30 X X 0 0 0 TODD HERMAN 0.30 X X 0 160000 0 JAMES DYKE 0.30 X 0 0 0 ROBYN HORN 0.30 X 0 0 0 PHIL COX 0.30 X 0 0 0 BEN HUSSMAN 0.30 X 0 0 0 SANDRA CONNOR 0.30 X 0 0 0 CLAIBORNE DEMING 0.30 X 0 0 0 ROBERT TUCKER 0.30 X 0 0 0 JOHN TYSON 0.30 X 0 0 0 BELINDA SHULTS 0.30 X 0 0 0 CHARLOTTE BRADBURY 0.30 X 0 0 0 TOWNSEND WOLFE 0.00 X 150000 0 0 150000 160000 0 1 1 1 0 STEPHENS INC 111 CENTER STREET LITTLE ROCK AR 72201 INVESTMENT SERVICES 142414 1 7873346 7873346 475803 475803 6632160 6402630 229530 229530 229530 CASH SURRENDER VALUE LIFE INSURAN 519100 4479 4479 ENERGY TRANSFER PARTNERS 211110 -1802 -1802 2677 8581356 0 -1802 709812 2240850 2240850 36275 36275 414929 414929 TRUSTEE AND INVESTMENT 142414 142414 CONTRACT EXPENSE 103634 103634 INSURANCE 61395 61395 MISCELLANEOUS 7866 7866 7702 7702 3015065 3015065 0 0 2563 2373 654563 868857 1274284 732947 13527712 6839891 7102750 6687821 17280733 25123576 797463 811555 27112356 34227129 1151877 1467225 1144843 1098477 2296720 2565702 X 18832582 22302385 1927073 5248393 4055981 4110649 24815636 31661427 27112356 34227129 X 5566291 1307189 -27689 X X 0 1 X 1 0 X 437047 1206118 673597 4854926 7873346 15045034 437047 1206118 673597 4854926 7873346 15045034 9537527 5507507 519864 503710 446609 480540 475786 2426509 31683 34282 28272 4308 4479 103024 17574567 0.31340 0.40420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 518892 518892 0 11982182 5294362 6687820 0 1026638 1026637 1 6687821 U.S. GOVERNMENT OBLIGATIONS (SEE STATEMENTS C AND D) 4798990 F MUTUAL FUNDS (SEE STATEMENTS C AND D) 15002588 F CORPORATE OBLIGATIONS (SEE STATEMENTS C AND D) 1014710 F EQUITIES (SEE STATEMENTS C AND D) 4307288 F 25123576 OTHER LIABILITIES(DETAIL)-990 1098477 1098477 X 9908557 1307189 27311 1334500 8574057 7299 7299 8581356 3062766 55000 55000 3007766 7299 7299 3015065 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE 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, 2013 AND 2012, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTEDTO 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. AS OF JUNE 30, 2013, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: OTH REVENUE ON BOOKS NOT INCL 990 27,311. PART XI, LINE 4B - OTHER ADJUSTMENTS: PASSTHROUGH INVESTMENT INCOME NETTED WITH EXPENSES 7,299. PART XII, LINE 2D - OTHER ADJUSTMENTS: OTH EXPS ON BOOKS NOT INCL 990 55,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: PASSTHROUGH INVESTMENT INCOME NETTED WITH EXPENSES 7,299. 0 ARKANSAS ARTS CENTER PO BOX 2137 LITTLE ROCK AR 72203 710332820 115 2240850 0 FMV N/A THE MISSION OF THE FOUNDATION IS TO SUPPORT THIS ENTITY. 0 0 0 0 0 0 0 0 0 TODD HERMAN 0 160000 0 0 0 0 0 0 0 0 0 160000 0 0 TOWNSEND WOLFE 0 0 0 0 150000 0 0 0 0 0 150000 0 0 0 WARREN STEPHENS CHAIRMAN OF AACF AND OWNERSHIP INTEREST IN STEPHENS INC. 142414 AACF PAID STEPHENS INC FOR INVESTMENT MANAGEMENT FEES. 0 X 60 0 0 1 0 EXPLANATION FOR NOT FILING FORM 990-T FORM 990, PART V, LINE 3B THE UNRELATED BUSINESS OPERATIONS RESULTED IN A LOSS FOR THE YEAR ENDED JUNE 30, 2013. THEREFORE, INCOME WAS NOT GREATER THAN $1,000; HOWEVER, THE FORM 990-T WILL BE FILED. FORM 990, PART VI, SECTION A, LINE 2 ROBERT TUCKER, DIRECTOR, WORKS AT STEPHENS INC FOR WARREN STEPHENS, THE CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 BELINDA SHULTS, DIRECTOR AND SERVES ON THE AAC BOARD. FORM 990, PART VI, SECTION A, LINE 2 CHARLOTTE BRADBURY, DIRECTOR AND SERVES ON THE AAC BOARD. FORM 990, PART VI, SECTION B, LINE 11 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: ACQUISITIONS OF WORKS OF ART -55,000. INTEREST DECREASE IN PERPETUAL TRUST 27,311. RESPONSIBILITY OF BOARD FOR AUDIT AND SELECTION OF ACCOUNTANT. PART XI, LINE 2C AT THE RECOMMENDATION OF THE INVESTMENT COMMITTEE THE AUDITORS ARE CHOSEN. THE INVESTMENT COMMITTEE WITH FURTHER ACCEPTANCE BY THE ENTIRE BOARD, REVIEWS AND DISCUSSES THE ANNUAL AUDIT. ARKANSAS ARTS CENTER PO BOX 2137 LITTLE ROCK AR 72203 710332820 MUSEUM AR 115 GOVERMENT ENTITY 0 STEPHENS AGS DEBT LLC PO BOX 3507 LITTLE ROCK AR 72203 203482783 INVESTMENTS AR N/A ENERGY TRANSFER EQUITY LP 3738 OAK LAWN DALLAS TX 75219 300108820 OIL & GAS TX N/A 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 ARKANSAS ARTS CENTER FOUNDATION GRANTS FUNDS TO THE ARTS B 2240850 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 ALL THE SERVICES PERFORMED FOR THE FOUNDATION ARE PERFORMED BY THE ARTS CENTER EMPLOYEES ARKANSAS ARTS CENTER FOUNDATION HAS INVESTMENTS IN ENERGY TRANSFER EQUITY LP AND RECEIVED DISTRIBUTIONS S 8933 COST ARKANSAS ARTS CENTER FOUNDATION HAS INVESTMENTS IN STEPHENS AGS DEBT LLC AND RECEIVED DISTRIBUTIONS FROM THAT ENTITY S 421100 COST