The Degen Foundation EIN 71-0575827

The Degen Foundation FY2022 filing

EIN  71-0575827 Public charity (501(c)(3)) Fort Smith, AR
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Improves healthcare access, quality, and education in Western Arkansas and Eastern Oklahoma.
Leadership
Thomas H Webb JR · Executive Director · $10K
Money in and out
$4.5M revenue, $626K expenses
Bottom line
85% program efficiency

Improves healthcare access, quality, and education in Western Arkansas and Eastern Oklahoma. For fiscal year 2022 it reported $4.5M in revenue, $626K in expenses, and $13.3M in net assets.Pt I

Where the money goes · FY2022
Total revenue
$4.5M
Pt VIII · Ln 12
Total expenses
$626K
Pt IX · Ln 25
Net assets
$13.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.8M
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs
Operating runway
230.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+86%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$4.5M
FY2022▲ +382%
Expenses
$626K
FY2022▲ +15%
Total assets
$13.4M
FY2022▼ -8%
Total liabilities
$101K
FY2022▼ -1%
Total revenue
$4.5M
Pt VIII · Ln 12
Total expenses
$626K
Pt IX · Ln 25
Net assets
$13.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.8M
Total assetsPt X · Ln 16$13.4M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

1 program service account for $532K of program spending, described in the organization's own filed words · FY2021.
01

The organization was formed to administer gifts in support of sparks health system and to promote the healthcare services of sparks health system as a supporting organization. Sparks health system assets were sold 11/30/2009 and the organization will assist in distributing, when needed, the proceeds from the sale in support of charitable…

$532Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Degen Foundation
EINHdr · item D71-0575827
Principal addressHdr · item CFort Smith, AR
WebsiteHdr · item Jwww.thedegenfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHospitals (E22I)
Ruling yearIRS BMFAug 1983

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
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 · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$10,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Thomas Webb’s $26K as Executive Director is at the 16th percentile of top reported officer pay among 1965 $100K–1M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Thomas Webb$26,450$24,500
Thomas H Webb JR$24,000$10,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Investment income100%$4.5M
Contributions & grants$30
Total revenueLn 12$4.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$532K
Management & general15%$94K
Total functional expensesLn 25$626K

Balance Sheet

Part X · end of year
CashLn 1$201K
Total assetsLn 16$13.4M
Total liabilitiesLn 26$101K
Total net assetsLn 32$13.3M
Months of cash on handcomputed3.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12.0M · Operating expenses/yr $626K
230.6 months
Where the money goes
Program services
Program services $532K · Total expenses $626K
85%
Management & General
Management & general $94K · Total expenses $626K
15%
Fundraising
Fundraising $0 · Total expenses $626K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $30
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $30 · Total revenue $4.5M
0%
Government reliance
Government grants — · Total revenue $4.5M
Earned-income share
Program service revenue $0 · Total revenue $4.5M
0%
Investment reliance
Investment income $4.5M · Total revenue $4.5M
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $626K
0%
Growth & trend
Revenue growth (YoY)
This year $4.5M · Prior year $926K
+382%
Net-asset trend (YoY)
End of year $13.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.5M · Expenses $626K
+86%
Liabilities-to-Assets
Total liabilities — · Total assets $13.4M
Net-asset ratio
Net assets $13.3M · Total assets $13.4M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $11.8M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $13.4M
88%
People & payroll
Highest Reported Total Compensation
Individual Thomas H Webb JR · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $10K · Total expenses $626K
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $626K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Fundraising cost ratio 0%
Revenue growth 382%
Investment management fee ratio 0%
Legal fee ratio 0%
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.

Grants

Schedule I · this organization's grantmaking
Grants paid · 32 grants · $1.7M · 2020–2024
Unitemized GrantFY2024$54,500
Unitemized GrantFY2023$51,000
Monarch 61 Project INCAR · FY2023$15,000
Unitemized GrantFY2022$40,500
Cancer Support FoundationAR · FY2022$17,788
See all 32 grants →

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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
FY2025 (Latest)$966K revenue · ⤓ 990 PDF
FY2024$489K revenue · ⤓ 990 PDF
FY2023$774K revenue · ⤓ 990 PDF
FY2022$4.5M revenue · viewing · ⤓ 990 PDF
FY2021$926K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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