Arata Bros Trust
- Assets
- $3.6m
- Revenue
- $389.1k
- Investments
- $2.6m
- Employees
- 0
- Location
- Carmichael, CA
- Founding
- 12/1971
- Data as of
- 12/2023
- EIN
- 23-7204615
Organization Overview
Arata Bros Trust is located in Carmichael, CA. The organization was established in 1971. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Arata Bros Trust 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 12/2023, Arata Bros Trust generated $389.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $672.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Arata Bros Trust has awarded 116 individual grants totaling $2,768,711. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
GRANTS TO NEIGHBORHOOD 501(C)3 ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy Matson Sewell Trustee | 50 | $50,000 | |
August Sewell Trustee | 10 | $15,000 | |
Lisa Malvini Trustee | 10 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28 |
| Dividends & Interest | $96,480 |
| Net Rental Income | $226,755 |
| Net Gain on Sale of Assets | $26,025 |
| Capital Gain Net Income | $26,025 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,316 |
| Total Revenue | $389,149 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $178,713 |
| Depreciation | $18,702 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,734 |
| Total operating and administrative expenses | $322,308 |
| Contributions, gifts, grants paid | $350,000 |
| Total expenses and disbursements | $672,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $477,889 |
| Savings and temporary cash investments | $356,647 |
| 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 | $2,646,310 |
| Net Land, buildings, and equipment | $97,740 |
| Other assets | $0 |
| Total assets | $3,578,586 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Arata Bros Trust has awarded $350,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
SIERRA NEVADA JOURNEYS PURPOSE: GRIZZLY CREEK RANCH | $50,000 |
IMPROVE YOUR TOMORROW PURPOSE: SCHOLARS PROGRAM SUPPORT | $40,000 |
916 INK PURPOSE: READ ON! READING TUTOR PROGRAM SUPPORT | $59,250 |
916 INK PURPOSE: READ ON! READING TUTOR PROGRAM SUPPORT | $59,250 |
IMPROVE YOUR TOMORROW PURPOSE: SCHOLARS PROGRAM SUPPORT | $35,000 |
YOLO BASIN FOUNDATION PURPOSE: DISCOVER THE FLYAWAY SCHOOL PROGRAM | $10,000 |