Arkansas Steel Associates
Arkansas Steel Associates is a private foundation based in Newport, Arkansas. Its 2025 grants included scholarships and support for animal shelter capital projects.
Arkansas Steel Associates at a glance
In short: Arkansas Steel Associates gave $25K across 26 grants in 2025 (avg $973.077), mostly in Arkansas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $25,300
- -44.7% vs 2024
- Grants made (2025)
- 26
- +52.9% vs 2024
- Average grant
- $973
- -63.8% vs 2024
- Median grant
- $250
- Total assets
- $661,840
- +7.6% vs 2024
- Primary geography
- Arkansas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
How to apply to Arkansas Steel Associates
- How to Apply
-
The foundation does not restrict giving to preselected organizations. The filing lists Barry Hulett as the contact; form and materials, deadlines, and award restrictions are listed as N/A.
- Contact
Application contact: Barry Hulett
Mailing address: 2803 Vandyke Road, Newport, AR 72112
Phone: (870) 523-3693
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Arkansas Steel Associates funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Drive ($10K). Together the top 4 received $20K.
Organizations only. It also paid 22 individual scholarships ($5,500), which are not listed by name.
Grant Size Distribution
110 grants across all recorded years
The most common grant size was under $50K: 110 grants of 110 (100%).
Geographic Focus
Where this funder awards grants
All reported 2025 grant dollars went to recipients in Arkansas.
Grant Distribution by State
Share of 2025 grant dollars across all 26 itemized grants.
States
Cities
How Arkansas Steel Associates gives
- Giving fell 38% from 2022 to 2025. Method
- In 2025 it paid out 83% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $15K (2021) to $59K (2023). In 2025 it made 26 grants totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Drive Newport, AR | Scholarship | $10,000 |
| NEA Charitable Foundation Newport, AR | Scholarship | $5,000 |
| Jackson County Humane Society Newport, AR | Animal Shelter Capital Projects | $3,000 |
| Harris Foundation Newport, AR | Scholarship | $1,800 |
| 22 individual scholarships Recipients not named | — | $5,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $661,840 | $75,454 | $28,970 | $25,300 | 26 | $25,300 | $59,265 | $30,504 |
| 2024 | $615,356 | $67,212 | $49,691 | $45,750 | 17 | $45,750 | $53,951 | $29,779 |
| 2023 | $597,835 | $88,963 | $61,502 | $59,250 | 25 | $59,250 | $63,970 | $27,101 |
| 2022 | $570,374 | $30,071 | $41,249 | $40,500 | 21 | $40,500 | $23,997 | $28,476 |
| 2021 | $581,552 | $56,417 | $15,634 | $14,750 | 21 | $14,750 | $50,997 | $32,341 |
| 2020 | $540,769 | $50,877 | $29,326 | $28,500 | 21 | — | $46,919 | $26,468 |
| 2019 | $519,218 | $60,971 | $28,813 | $28,250 | 20 | — | $58,031 | $26,225 |
Under IRS private-foundation payout rules, Arkansas Steel Associates reported a distributable amount of $31K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement is provided. The listed 2025 grants show support for scholarships and animal shelter capital projects. The Jackson County Humane Society received a grant for animal shelter capital projects; the other listed grant purposes were scholarships.
Grantmaking
In 2025, the foundation made 26 grants totaling $25,300. Grants ranged from $250 to $10,000, with a median of $250. Notable grants included $10,000 to DRIVE for a scholarship, $5,000 to NEA Charitable Foundation for a scholarship, and $3,000 to Jackson County Humane Society for animal shelter capital projects.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Hiro Kado as president and Jim Gowen Sr, Mike Turner, and Larry Williams as trustees.
Arkansas Steel Associates is led by Hiro Kado, President on the 2025 filing; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Hiro Kado
President
New on the 2025 filing
2 hrs/week
No compensation reported
Jim Gowen Sr.
Trustee
On filings since 2019
2 hrs/week
No compensation reported
Larry Williams
Trustee
On filings since 2019
2 hrs/week
No compensation reported
Mike Turner
Trustee
On filings since 2019
2 hrs/week
No compensation reported
Former officers (2)
- Former: Tomio Okada (2021–2024) — President
- Former: Shota Kajikawa (2019–2020) — President
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Arkansas Steel Associates
How much does Arkansas Steel Associates give each year?
Arkansas Steel Associates gave $25K across 26 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $46K across 17 grants.
What is Arkansas Steel Associates's typical grant size?
Arkansas Steel Associates's median grant in 2025 was $250, and its average grant was $973, across 26 grants on its 2025 IRS Form 990-PF.
Where does Arkansas Steel Associates give grants?
Arkansas Steel Associates gives mostly in Arkansas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Newport, AR (4 grants).
Does Arkansas Steel Associates give general operating support?
Not in 2025: none of the 26 grants with a stated purpose on Arkansas Steel Associates's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (25 grants).
Who are Arkansas Steel Associates's largest grantees?
Arkansas Steel Associates's largest 2025 grantees include Drive ($10,000), NEA Charitable Foundation ($5,000) and Jackson County Humane Society ($3,000), according to its 2025 IRS Form 990-PF. It also paid 22 individual scholarships ($5,500), which are not listed by name. Together they received 71% of its itemized 2025 grant dollars.
How large is Arkansas Steel Associates?
Arkansas Steel Associates reported $662K in total assets on its 2025 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $31K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Arkansas Steel Associates fund?
No mission statement is provided. The listed 2025 grants show support for scholarships and animal shelter capital projects. The Jackson County Humane Society received a grant for animal shelter capital projects; the other listed grant purposes were scholarships. See mission & focus areas ↑
How do I apply for a grant from Arkansas Steel Associates?
The foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 24, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 30, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 28, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 8, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 6, 2024)
Explore Open Grants
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