Is it real?
Yes. Exemption reinstated (2018-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in May 2020.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
57 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
3 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Promotes conservative public policies based on free enterprise and limited government in Arkansas.
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Educating the arkansas public on issues. CFC vigilantly advertised its mission across the state of arkansas, advocating its mission of educating the arkansas public via social media. CFC sponsored a spot on various platforms called the "CFC policy segment" where the public was educated on numerous different policies that were enacted in…
CFC also produced and disseminated a report called "CFC'S legislative scorecard," which educates arkansans on how all ar legislators voted on selected bills that were introduced in the previous legislative session.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.0M | $963K |
| Land, buildings, equipmentLn 10c | $8K | $17K |
| Total assetsLn 16 | $1.0M | $980K |
| LiabilitiesLn 26 | $50K | $50K |
| Net assetsLn 32 | $984K | $930K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Management feesLn 11a | $123K | $49K | $12K | $62K |
| Legal feesLn 11b | $37K | $37K | ||
| Advertising and promotionLn 12 | $23K | $11K | $11K | |
| Office expensesLn 13 | $3K | $672 | $2K | |
| Information technologyLn 14 | $1K | $319 | $744 | |
| TravelLn 17 | $7K | $2K | $5K | |
| Conferences, conventions and meetingsLn 19 | $11K | $11K | ||
| Depreciation, depletion and amortizationLn 22 | $10K | $10K | ||
| Other expenses (24a–d)Ln 24 | $230 | $115 | $115 | |
| Total functional expensesLn 25 | $215K | $122K | $15K | $78K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $546K | $119K | $427K | $1.4M | 990 PDF |
| FY2023 | $170K | $145K | $26K | $1.0M | 990 PDF |
| FY2022 | $172K | $114K | $58K | $987K | 990 PDF |
| FY2021 Viewing | $152K | $215K | −$63K | $930K | 990 PDF |
| FY2020 | $224K | $84K | $140K | $984K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $152,345 across 4 lines filed
Part IX · Statement of functional expenses $214,876 across 9 lines filed
Part X · Balance sheet $980,330 assets, 9 lines filed
Part XI · Reconciliation of net assets $930,330 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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