Arkes Family Foundation
- Assets
- $8.3m
- Revenue
- $520.6k
- Investments
- $8.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2013
- Data as of
- 12/2022
- EIN
- 46-1536842
Organization Overview
Arkes Family Foundation is located in Chicago, IL. The organization was established in 2013. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Arkes Family Foundation 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, Arkes Family Foundation generated $520.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $428.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Arkes Family Foundation has awarded 742 individual grants totaling $5,642,746. 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
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Arkes President | 3 | $0 | |
Helen Arkes Director | 0.2 | $0 | |
John Eramo Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $475 |
| Dividends & Interest | $237,880 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $270,336 |
| Capital Gain Net Income | $250,951 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,957 |
| Total Revenue | $520,648 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $32,963 |
| Taxes | $33,494 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $157,140 |
| Total operating and administrative expenses | $232,097 |
| Contributions, gifts, grants paid | $195,906 |
| Total expenses and disbursements | $428,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $284,202 |
| 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 | $1,582,716 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,255,248 |
| 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, Arkes Family Foundation has awarded $195,906 in support to 102 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE TO END HOMELESSNESS IN SUBURBAN COOK COUNTY PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $1,000 |
A BETTER CHICAGO PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $10,000 |
AMY KROUSE ROSENTHAL FOUNDATION PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $2,500 |
AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $500 |
AMNESTY INTERNATIONAL OF THE USA INC PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $250 |
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATION INC PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $1,000 |