Yleana Arce Foundation Inc
- Assets
- $19.6m
- Revenue
- $499.2k
- Investments
- $18.4m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 83-2951525
Organization Overview
Yleana Arce Foundation Inc is located in Dallas, TX. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Yleana Arce 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 12/2022, Yleana Arce Foundation Inc generated $499.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Yleana Arce Foundation Inc has awarded 13 individual grants totaling $2,516,939. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $148,524 |
| Dividends & Interest | $169,831 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$111,753 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $94,630 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $292,643 |
| Total Revenue | $499,245 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,227 |
| Total operating and administrative expenses | $60,227 |
| Contributions, gifts, grants paid | $1,006,799 |
| Total expenses and disbursements | $1,067,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,288,553 |
| Savings and temporary cash investments | $0 |
| 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 | $18,350,208 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,638,761 |
| 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, Yleana Arce Foundation Inc has awarded $1,006,799 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ARCE SCHOLARSHIP FUND INC PURPOSE: EDUCATION | $825,000 |
MERCERSBURG ACADEMY PURPOSE: EDUCATION | $25,000 |
GOLDMAN SACHS PHILANTHROPY FUND PURPOSE: EDUCATION | $50,000 |
AMERICAN FRIENDS OF THE PARIS OPERA PURPOSE: EDUCATION | $53,200 |
AMREICAN FRIENDS OF COVENT GARDEN PURPOSE: EDUCATION | $50,000 |
ADAM RODRIGUEZ PURPOSE: EDUCATION | $2,919 |