After Dr. Allen's retirement in 1976, the Council was reorganized as a private non-profit corporation under a contract with the University of Arkansas. It is housed in the Educational Administration department of the College of Education which provides it with an Executive Secretary. It is governed by a self-perpetuating Board of Directors. Its Executive Secretary since 1976 has been Dr. Martin W. Schoppmeyer, University Professor at the University of Arkansas at Fayetteville. The current President of the Arkansas School Study Council is Barton Hunter of Mt. Ida.
Membership is by district and does vary according to district size.
The Arkansas School Study Council engages in research on topics of interest to Arkansas schools. For the past several years the prime topic has been financial equity. Numerous reports have been issued on it and both the current Secretary and President have been witnesses in the two school finance cases. The directors try to attend the American Finance Association meeting each year and the Secretary regularly presents at least one paper at that meeting. The Council has one general meeting per year in conjunction wit the Arkansas Association of Educational Administrators in the summer so that all members can attend.