Arkansas Steel Associates is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT, AR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $615K in total assets. In 2024, it awarded 17 grants totaling $46K. Net investment income was $54K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$615K
+2.9% YoY
Annual Giving
$46K
-22.8% YoY
Grant Count
17
-32.0% YoY
Avg Grant Size
$3K
+13.6% YoY
Under IRS private-foundation payout rules, Arkansas Steel Associates reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.
About Arkansas Steel Associates
Based on IRS filings
Arkansas Steel Associates is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT, AR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $615K in total assets. In 2024, it awarded 17 grants totaling $46K. Net investment income was $54K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $615,356 | $597,835 | $570,374 |
| Revenue | $67,212 | $88,963 | $30,071 |
| Expenses | $49,691 | $61,502 | $41,249 |
| Qualifying Distributions | $45,750 | $59,250 | $40,500 |
| Net Investment Income | $53,951 | $63,970 | $23,997 |
| Distributable Amount | $29,779 | $27,101 | $28,476 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
105 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Nea Charitable Foundation ($25,000), Drive ($10,000), Jackson County Humane Society ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DRIVE NEWPORT, AR | SCHOLARSHIP | $10,000 |
| HARRIS FOUNDATION NEWPORT, AR | SCHOLARSHIP | $1,500 |
| JACKSON COUNTY HUMANE SOCIETY NEWPORT, AR | ANIMAL SHELTER CAPITAL PROJECTS | $6,000 |
| NEA CHARITABLE FOUNDATION NEWPORT, AR | SCHOLARSHIP | $25,000 |
| ALEXIS JOHNSON NEWPORT, AR | SCHOLARSHIP | $250 |
| KEYLEI HENDERSON NEWPORT, AR | SCHOLARSHIP | $250 |
| SCARLET DOYLE NEWPORT, AR | SCHOLARSHIP | $250 |
| MAKAYLIE GIST NEWPORT, AR | SCHOLARSHIP | $250 |
| OLIVIA HAIGWOOD NEWPORT, AR | SCHOLARSHIP | $250 |
| NOAH YOUNG NEWPORT, AR | SCHOLARSHIP | $250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TOMIO OKADA | PRESIDENT | 2 | — |
| JIM GOWEN SR | TRUSTEE | 2 | — |
| MIKE TURNER | TRUSTEE | 2 | — |
| LARRY WILLIAMS | TRUSTEE | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Arkansas Steel Associates?
Arkansas Steel Associates is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT, AR. It holds $615K in total assets as of 2024.
How large is Arkansas Steel Associates?
As of 2024, Arkansas Steel Associates holds $615K in total assets with $67K in annual revenue. It awarded 17 grants totaling $46K in 2024.
Where does Arkansas Steel Associates operate?
Arkansas Steel Associates has awarded grants in Arkansas.
What size grants does Arkansas Steel Associates award?
In 2024, Arkansas Steel Associates awarded 17 grants totaling $46K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Arkansas Steel Associates required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Arkansas Steel Associates reported a distributable amount of $30K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Arkansas Steel Associates's EIN?
Arkansas Steel Associates's EIN (Employer Identification Number) is 71-6178691. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Arkansas Steel Associates's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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