Arcs Foundation Inc Illinois Chapter
- Assets
- $221.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/1977
- Data as of
- 06/2023
- EIN
- 36-2936845
Organization Overview
Arcs Foundation Inc Illinois Chapter is located in Chicago, IL. The organization was established in 1977. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arcs Foundation Inc Illinois Chapter 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 06/2023, Arcs Foundation Inc Illinois Chapter generated $90.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $76.3k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Arcs Foundation Inc Illinois Chapter has awarded 30 individual grants totaling $712,500. 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE FINANCIAL AWARDS TO CERTAIN LOCAL COLLEGES AND UNIVERSITIES FOR DISTRIBUTION TO ACADEMICALLY OUTSTANDING STUDENTS WHO ARE STUDYING TO COMPLETE DEGREES IN SCIENCE, ENGINEERING, OR MEDICAL RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Whitford VP Membership | 3 | $0 | |
Patricia Jones Treasurer/vp Development | 6 | $0 | |
Sandra Mangurian President | 5 | $0 | |
Jessica Saw VP Scholar Relations | 3 | $0 | |
Patricia Anderson VP Alumni Engagement | 3 | $0 | |
Linda Celesia VP Governance | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,016 |
| Total Program Service Revenue | $0 |
| Membership dues | $9,200 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,964 |
| Total Revenue | $90,180 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,765 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,559 |
| Total expenses | $76,324 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $220,776 |
| Other assets | $0 |
| Total assets | $220,970 |
| Total liabilities | $0 |
| Net assets or fund balances | $220,970 |
Grants Awarded
Over the last fiscal year, Arcs Foundation Inc Illinois Chapter has awarded $85,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ILLINOIS INSTITUTE OF TECHNOLOGY PURPOSE: SCHOLARSHIPS | $20,000 |
NORTHWESTERN UNIVERSITY PURPOSE: SCHOLARSHIPS | $22,500 |
UNIVERSITY OF ILLINOIS AT URBANA CH PURPOSE: SCHOLARSHIPS | $17,500 |
UNIVERSITY OF CHICAGO PURPOSE: SCHOLARSHIPS | $17,500 |
LOYOLA UNIVERSITY STRITCH SCHOOL PURPOSE: SCHOLARSHIPS | $7,500 |