Arnold Foundation Inc
- Assets
- $1.9m
- Revenue
- $409.3k
- Investments
- $867.3k
- Employees
- 0
- Location
- Norcross, GA
- Founding
- 09/1999
- Data as of
- 09/2024
- EIN
- 58-2450328
Organization Overview
Arnold Foundation Inc is located in Norcross, GA. The organization was established in 1999. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arnold 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 09/2024, Arnold Foundation Inc generated $409.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $279.6k during the year ending 09/2024. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Arnold Foundation Inc has awarded 148 individual grants totaling $1,211,671. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan H Flint Trustee | 1 | $10,000 | |
Michael D Flint Trustee | 1 | $10,000 | |
Sandra Flint Trustee | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $430 |
| Dividends & Interest | $24,898 |
| Net Rental Income | $419,935 |
| Net Gain on Sale of Assets | -$35,986 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $409,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,754 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,228 |
| Printing and publications | $0 |
| Other expenses | $108 |
| Total operating and administrative expenses | $71,224 |
| Contributions, gifts, grants paid | $208,362 |
| Total expenses and disbursements | $279,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,588 |
| 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 | $4,800 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $959,600 |
| Other assets | $0 |
| Total assets | $1,878,323 |
| 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, Arnold Foundation Inc has awarded $208,362 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN PARKINSON DISEASE PURPOSE: OPERATIONS | $1,000 |
ATLANTA SYMPHONY ORCHESTRA PURPOSE: OPERATIONS | $10,000 |
BOBBY DODD CHARITIES FOUNDATION PURPOSE: OPERATIONS | $705 |
BOBBY DODD COACH OF THE YEAR FDN PURPOSE: OPERATIONS | $15,000 |
BOYS & GIRLS CLUBS OF METRO ATLANTA PURPOSE: OPERATIONS | $10,000 |
BUCKHEAD LIONS CLUB FOUNDATION PURPOSE: OPERATIONS | $400 |