Ben H & Gladys Arkelian Foundation
- Assets
- $5.0m
- Revenue
- $311.7k
- Investments
- $2.7m
- Employees
- 0
- Location
- Bakersfield, CA
- Founding
- 05/1965
- Data as of
- 12/2023
- EIN
- 95-6103223
Organization Overview
Ben H & Gladys Arkelian Foundation is located in Bakersfield, CA. The organization was established in 1965. 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. Ben H & Gladys Arkelian 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, Ben H & Gladys Arkelian Foundation generated $311.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $289.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ben H & Gladys Arkelian Foundation has awarded 261 individual grants totaling $1,111,610. 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 |
|---|---|---|---|
Richard G Mcburnie President | 40 | $90,000 | |
Silver D Sack Director | 10 | $33,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $119,925 |
| Dividends & Interest | $169,422 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,337 |
| Capital Gain Net Income | $22,337 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16 |
| Total Revenue | $311,700 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $123,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,097 |
| Depreciation | $0 |
| Occupancy | $8,100 |
| Travel, conferences, and meetings | $6,458 |
| Printing and publications | $0 |
| Other expenses | $4,185 |
| Total operating and administrative expenses | $174,640 |
| Contributions, gifts, grants paid | $114,723 |
| Total expenses and disbursements | $289,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $149,222 |
| 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 | $2,125,625 |
| 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 | $4,953,161 |
| Accounts payable and accrued expenses | $2,542 |
| Grants payable | $42,102 |
| 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 | $44,644 |
Grants Awarded
Over the last fiscal year, Ben H & Gladys Arkelian Foundation has awarded $114,723 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE AGAINST FAM VIOLENCE PURPOSE: CAPITAL IMPROVEMENTS | $6,000 |
VALLEY OAK CHARTER SCHOOL PURPOSE: CAPITAL IMPROVEMENTS | $4,500 |
AMERICAN CANCER SOLIETY PURPOSE: CAPITAL IMPROVEMENTS | $1,000 |
TEEN CHALLENAGE OF SO CALIF PURPOSE: CAPITAL IMPROVEMENTS | $3,000 |
COUNTRY CHRISTIAN SCHOOL PURPOSE: CAPITAL IMPROVEMENTS | $2,500 |
BOYS GIRLS CLUB OF KERN COUNTY PURPOSE: CAPITAL IMPROVEMENTS | $12,000 |