Overview
What is Associated Industries Of Arkansas Foundation?
The Associated Industries of Arkansas Foundation, established in 1991, is a business-driven organization based in Little Rock, Arkansas. Their primary mission is to enhance public understanding of various economic and social issues, including finance, education, housing, technology, international relations, and quality of life. In 2015, they launched the Be PRO Be Proud initiative, which aims to change public perceptions of skilled professions in the manufacturing, construction, utility, and transportation industries. This initiative has secured over $4 million in funding from various sources and has engaged with over 115,000 middle and high school students across Arkansas. Its goal is to promote high-demand, high-wage professional opportunities within these sectors, leading to increased employment and enrollments in post-secondary technical programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
The Associated Industries Of Arkansas Foundation has received a solid Three-Star rating from Charity Navigator, indicating a satisfactory level of accountability and financial health. The organization scored well in various metrics, including a perfect score for independent board members, material diversion of assets, and the liabilities to assets ratio. This suggests that the foundation maintains strong governance and financial management practices.
Strengths highlighted in the data include a high program expense ratio, indicating that a significant portion of funds is directed toward programs rather than administrative costs. The working capital ratio of 1.34 years reflects good financial stability, allowing the organization to sustain its operations in the short term. Additionally, the documentation of board meeting minutes and policies around loans to officers demonstrate a commitment to transparency.
However, while the foundation shows commendable financial practices, the executive salaries, particularly that of the president, may raise questions for some stakeholders about compensation levels relative to the organization's overall size and mission. This points to a potential area for improvement in addressing donor concerns about financial prudence. Overall, the foundation appears to be effectively serving its purpose, with room for enhancements in transparency regarding compensation.
This AI summary has been generated from information found on Charity Navigator.
Is Associated Industries Of Arkansas Foundation legitimate?
Associated Industries Of Arkansas Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Associated Industries Of Arkansas Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Associated Industries Of Arkansas Foundation?
The Associated Industries of Arkansas Foundation, established in 1991, serves as a business-led organization that collaborates with state leaders and government officials. Its primary objective is to enhance public knowledge and understanding on various subjects, including economics and finance, education and career training, housing and human relations, science and technology, domestic and international relations, and quality of life issues. The foundation also focuses on improving efficiency, promoting economic growth, and increasing employment opportunities in these areas.
Who is the CEO of Associated Industries Of Arkansas Foundation?
Randy Zook is the President of Associated Industries Of Arkansas Foundation.
What is the revenue of Associated Industries Of Arkansas Foundation?
Associated Industries Of Arkansas Foundation's revenue in 2022 was $2,354,361.
Who are the executives of Associated Industries Of Arkansas Foundation and what are their salaries?
There 712 volunteers at Associated Industries Of Arkansas Foundation.
Here are 15 key members and their salaries:
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- Related: $384,594
- Other: $35,065
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- Other: $33,073
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Where can I find the form 990 for Associated Industries Of Arkansas Foundation?
Associated Industries Of Arkansas Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Associated Industries Of Arkansas Foundation
The Associated Industries of Arkansas Foundation, established in 1991, serves as a business-led, solutions development and research organization. This nonprofit collaborates with state business leaders and government officials to enhance public knowledge and understanding in various domains. These domains include economics and finance, education and career training, housing and human relations, science and technology, domestic and international relations, and issues contributing to a rising quality of life. Additionally, the foundation explores other subjects that aim to improve efficiency, development, and acceleration of economic growth and employment opportunities. Working in partnership with these sectors, the Associated Industries of Arkansas Foundation contributes to fostering a conducive environment for economic growth and creating ample employment opportunities.
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Impact
July, 2024
Since 2015, the AIA Foundation has made a significant impact with its Be Pro Be Proud initiative, which aims to change public perceptions of skilled professions in manufacturing, construction, utility, and transportation industries across Arkansas. By raising over $4 million from various sources and engaging with over 115,000 middle and high school students in the state, the initiative has successfully promoted high-demand, high-wage professional opportunities in these sectors. This has led to increased employment in targeted fields and notable rises in enrollments in post-secondary technical programs on two-year campuses. The AIA Foundation's work has not only supported economic growth but has also contributed to community improvement and enhanced quality of life in the state.
This information is meant to be a general summary of Associated Industries Of Arkansas Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $82
- Program Service Revenue: $186,985
- Gross Receipts: $2,354,361
Assets and Liabilities:
- Total Assets: $1,864,565
- Total Liabilities: $547,161
- Net Assets: $1,317,404
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES & MEETINGS REVENUE
Revenue
$136,985
JAG PROGRAM REVENUE
Revenue
$50,000
Organization Details
Founding Year
1990
Phone
(501) 372-2222Principal Officer
Randy Zook
Main Address
PO BOX 3645, LITTLE ROCK, AR, 722033645
NTEE Category
Code: S40 - Community improvement
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