Arbella Insurance Foundation Inc
- Assets
- $16.5m
- Revenue
- $920.7k
- Investments
- $16.4m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 11/2005
- Data as of
- 12/2022
- EIN
- 05-0613355
Organization Overview
Arbella Insurance Foundation Inc is located in Boston, MA. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arbella Insurance Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Arbella Insurance Foundation Inc generated $920.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.0%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Arbella Insurance Foundation Inc has awarded 2,100 individual grants totaling $12,590,257. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEGINNING IN DECEMBER 2009, THE FOUNDATION CONTRACTED WITH A COMPANY TO BUILD A TRAILER THAT INCLUDED A SIMULATION PROGRAM FOR NEW DRIVERS TO TEACH THEM ABOUT DISTRACTED DRIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John F Donohue Ceo, Chairman | 1 | $0 | |
Francis X Bellotti Vice Chairman | 1 | $0 | |
Christopher E Hall Treasurer | 1 | $0 | |
Gail Eagan General Counsel Secretary | 1 | $0 | |
Elizabeth Kim Director | 1 | $0 | |
Thomas S Carpenter Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $380,119 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $540,534 |
| Capital Gain Net Income | $540,534 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $920,653 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,369 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $297 |
| Printing and publications | $0 |
| Other expenses | $299,565 |
| Total operating and administrative expenses | $413,088 |
| Contributions, gifts, grants paid | $3,304,741 |
| Total expenses and disbursements | $3,717,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $74,853 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,445,864 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $20,014 |
| Total assets | $16,540,731 |
| Accounts payable and accrued expenses | $941,952 |
| Grants payable | $1,477,735 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,419,687 |
Grants Awarded
Over the last fiscal year, Arbella Insurance Foundation Inc has awarded $4,713,231 in support to 755 organizations.
| Grant Recipient | Amount |
|---|---|
HUGS FROM FRIENDS PURPOSE: MATCH - AGENT MATCHING GIFT - 184 | $250 |
BOSTON MEDICAL CENTER PURPOSE: UNRESTRICTED OPERATING FUNDS | $150 |
COLLEGE OF THE HOLY CROSS PURPOSE: UNRESTRICTED OPERATING FUNDS | $2,500 |
SOUTH SHORE CONSERVATORY PURPOSE: GRANTS PAYABLE - SOCIAL JUSTICE INITIATIVE - 331 | $20,000 |
PROVIDENCE COLLEGE PURPOSE: UNRESTRICTED OPERATING FUNDS | $500 |
PROVIDENCE COLLEGE PURPOSE: MATCH - AGENT MATCHING GIFT - 184 | $500 |