Arnold & Itkin Foundation
- Assets
- $257.6k
- Revenue
- $460.9k
- Investments
- $4.2k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/2018
- Data as of
- 12/2022
- EIN
- 83-0962641
Organization Overview
Arnold & Itkin Foundation is located in Houston, TX. The organization was established in 2018. 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. Arnold & Itkin 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, Arnold & Itkin Foundation generated $460.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $234.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Arnold & Itkin Foundation has awarded 67 individual grants totaling $523,481. 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 |
|---|---|---|---|
Tara Arnold President | 0 | $0 | |
Kisha Itkin Vice President | 0 | $0 | |
Kurt Arnold Secretary | 0 | $0 | |
Jason Itkin Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $450,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $368 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,556 |
| Capital Gain Net Income | $10,556 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $460,924 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $126 |
| Total operating and administrative expenses | $4,887 |
| Contributions, gifts, grants paid | $229,850 |
| Total expenses and disbursements | $234,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,604 |
| Savings and temporary cash investments | $64,824 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $257,642 |
| 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 & Itkin Foundation has awarded $229,850 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
BAYSHORE ELEMENTARY PURPOSE: GENERAL SUPPORT | $1,300 |
BOBBY SHAW MIDDLE SCHOOL PURPOSE: GENERAL SUPPORT | $1,400 |
DEER PARK ELEMENTARY PURPOSE: GENERAL SUPPORT | $900 |
JAMES B HAVARD ELEMENTARY PURPOSE: GENERAL SUPPORT | $1,400 |
SAN JANCINTO ELEMENTARY PURPOSE: GENERAL SUPPORT | $400 |
TEXAS CHILDREN'S HOSPITAL PURPOSE: GENERAL SUPPORT | $1,400 |