Areli Foundation
- Assets
- $1.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- Data as of
- 12/2022
- EIN
- 84-4836228
Organization Overview
Areli Foundation is located in Houston, TX. 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. Areli 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, Areli Foundation generated $2.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Areli Foundation has awarded 60 individual grants totaling $4,503,803. 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 |
|---|---|---|---|
John Mcgill President | 1 | $0 | |
Dennis Rogers Secret/treas | 30 | $0 | |
Jelena Mcgill Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,000,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,275 |
| Depreciation | $28,111 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,189 |
| Printing and publications | $0 |
| Other expenses | $40,047 |
| Total operating and administrative expenses | $86,831 |
| Contributions, gifts, grants paid | $1,576,700 |
| Total expenses and disbursements | $1,663,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $367,881 |
| 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 | $885,127 |
| Other assets | $0 |
| Total assets | $1,253,008 |
| 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, Areli Foundation has awarded $1,576,700 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FAITH AND FAMILY PURPOSE: SUPPORT OF CHARITABLE PROGRAMS | $75,000 |
FEEL THE POWER PURPOSE: SUPPORT OF CHARITABLE PROGRAMS | $15,000 |
GENERATION ONE PURPOSE: SUPPORT OF CHARITABLE PROGRAMS | $440,000 |
GRACE FELLOWSHIP CHURCH PURPOSE: SUPPORT OF CHARITABLE PROGRAMS | $18,000 |
KERUSSO GRACE CHURCH PURPOSE: SUPPORT OF CHARITABLE PROGRAMS | $23,000 |
THE NAVIGATORS PURPOSE: SUPPORT OF CHARITABLE PROGRAMS | $21,600 |