Arkay Foundation
- Assets
- $16.3m
- Revenue
- $417.7k
- Investments
- $15.1m
- Employees
- 0
- Location
- Berkeley, CA
- Founding
- 10/1995
- Data as of
- 12/2023
- EIN
- 77-0404924
Organization Overview
Arkay Foundation is located in Berkeley, CA. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Arkay 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 12/2023, Arkay Foundation generated $417.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (25.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Arkay Foundation has awarded 268 individual grants totaling $4,299,000. 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 |
|---|---|---|---|
David Goldschmidt Pres/dir | 3 | $0 | |
Susan Reed Clark Treas/dir | 2 | $0 | |
Laura Flanagan Sect'y/dir | 1 | $0 | |
Karen M Kahn Director | 1 | $0 | |
Marian Penn Director | 1 | $0 | |
William H Soskin ESQ Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baker Street Advisors | 12/30/23 | $59,033 |
Third Plateau Social Impact Strategies | 12/30/23 | $116,098 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28,422 |
| Dividends & Interest | $309,149 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $164,127 |
| Capital Gain Net Income | $164,127 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$84,025 |
| Total Revenue | $417,673 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,938 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $29,627 |
| Printing and publications | $0 |
| Other expenses | $14,535 |
| Total operating and administrative expenses | $268,779 |
| Contributions, gifts, grants paid | $790,000 |
| Total expenses and disbursements | $1,058,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,391 |
| Savings and temporary cash investments | $1,100,607 |
| 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 | $4,706 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,639,795 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $23,475 |
| Total assets | $16,337,912 |
| Accounts payable and accrued expenses | $20,450 |
| 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 | $20,450 |
Grants Awarded
Over the last fiscal year, Arkay Foundation has awarded $916,500 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK WOMEN FOR WELLNESS LOS ANGELE PURPOSE: GENERAL OPERATING SUPPORT | $6,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
BEYOND EXTREME ENERGY PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
BROWN UNIVERSITY PURPOSE: DEPT. OF AFRICANA STUDIES' RITES AND REASON THEATRE | $2,000 |
CENTER FOR COMMON GROUND PURPOSE: MOVEMENT LABS-CONTEST EVERY RACE | $10,000 |
CLUBBED THUMB INC PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |