Conway Foundation INC EIN 27-0332730 Form 990 (PDF) Claim this org

Conway Foundation INC

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Promotes charitable, scientific, literary, and educational activities in Faulkner County, Arkansas. For fiscal year 2024 it reported $40K in revenue, $84K in expenses, and $262K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Conway, AR
Website
www.conwayarkansas.org
Filings
3 on file (2022–2024)
Revenue
$40KFY2024
Expenses
$84K
Net assets
$262K
People
9
Filings
3
Updates
0
More identity details & actions ⌄
EIN  27-0332730 Public foundation / grantmaker Conway, AR
Form 990 (PDF)
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Size
<$100K
What they do
Promotes charitable, scientific, literary, and educational activities in Faulkner County, Arkansas.
Leadership
Charles Nabholz · Member
Money in and out
$40K revenue, $84K expenses
Bottom line
98% program efficiency
Grants paid & assets · FY2024
Total revenue
$40K
Pt VIII · Ln 12
Total expenses
$84K
Pt IX · Ln 25
Net assets
$262K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$44K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▲ +51% vs prior filing year
Operating runway
21.7mo
months of highly liquid reserves at operating expense rate▲ +25% vs prior filing year
Surplus margin
-111%
revenue over expenses, this year▼ -270% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$40K
FY2024▼ -85%
Expenses
$84K
FY2024▼ -10%
Total assets
$847K
FY2024▼ -2%
Total liabilities
$585K
FY2024▲ +5%
Total revenue
$40K
Pt VIII · Ln 12
Total expenses
$84K
Pt IX · Ln 25
Net assets
$262K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$44K
Total assetsPt X · Ln 16$847K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CConway Foundation INC
EINHdr · item D27-0332730
Principal addressHdr · item CConway, AR
WebsiteHdr · item Jwww.conwayarkansas.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFFeb 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $82K of program spending, described in the organization's own filed words · FY2024.
01

The conductor's mission is to empower current and aspiring entrepreneurs, innovators, and small business leaders. Conductor provides no-cost one-on-one consulting, technical assistance, subject matter expertise, and workshops for small business owners to lower barriers to starting and growing businesses.

$82Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$24K · 60%
Contributions & grants$12K · 32%
Investment income$3K · 8%
Other revenue60%$24K
Contributions & grants32%$12K
Investment income8%$3K
Total revenueLn 12$40K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$82K
Management & general2%$2K
Total functional expensesLn 25$84K

Balance Sheet

Part X · end of year
CashLn 1$151K
Total assetsLn 16$847K
Total liabilitiesLn 26$585K
Total net assetsLn 32$262K
Months of cash on handcomputed21.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $151K · Operating expenses/yr $84K
21.7 months
Where the money goes
Program services
Program services $82K · Total expenses $84K
98%
Management & General
Management & general $2K · Total expenses $84K
2%
Fundraising
Fundraising $0 · Total expenses $84K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $186K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $12K · Total revenue $40K
32%
Government reliance
Government grants — · Total revenue $40K
Earned-income share
Program service revenue $0 · Total revenue $40K
0%
Investment reliance
Investment income $3K · Total revenue $40K
+8%
Program self-sufficiency
Program service revenue $0 · Total expenses $84K
0%
Growth & trend
Revenue growth (YoY)
This year $40K · Prior year $269K
-85%
Net-asset trend (YoY)
End of year $262K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $40K · Expenses $84K
-111%
Liabilities-to-Assets
Total liabilities — · Total assets $847K
Net-asset ratio
Net assets $262K · Total assets $847K
31%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $847K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Charles Nabholz · Reported title MEMBER · Highest reported compensation $0 · Total expenses $84K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $84K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth -85%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$40K revenue · viewing · ⤓ 990 PDF
FY2023$269K revenue · ⤓ 990 PDF
FY2022$284K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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