Artevel Foundation
- Assets
- $5.2m
- Revenue
- $121.9k
- Investments
- $3.9m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/1966
- Data as of
- 12/2022
- EIN
- 95-6136405
Organization Overview
Artevel Foundation is located in Los Angeles, CA. The organization was established in 1966. 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. Artevel 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, Artevel Foundation generated $121.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $321.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Artevel Foundation has awarded 93 individual grants totaling $1,978,500. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace J Kreulen President | 3 | $0 | |
Marie Te Velde Treasurer; 1st Vice President | 0.5 | $0 | |
Marleen B English 2nd Vice President | 0.5 | $0 | |
Harriet S Hill Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $29,624 |
| Interest on Savings | $30,127 |
| Dividends & Interest | $128,682 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$67,851 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,301 |
| Total Revenue | $121,883 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,758 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,063 |
| Printing and publications | $0 |
| Other expenses | $11,782 |
| Total operating and administrative expenses | $70,974 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $320,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,280,253 |
| 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 | $130,843 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,212,780 |
| Accounts payable and accrued expenses | $6,300 |
| 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 | $6,300 |
Grants Awarded
Over the last fiscal year, Artevel Foundation has awarded $250,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CALVIN UNIVERSITY PURPOSE: CHARITABLE SUPPORT (CONSTRUCTION OF COMMONS UNION) | $25,000 |
LIFE FOCUS COMMUNICATIONS PURPOSE: CHARITABLE SUPPORT (HEALING HEARTS CLUB TELEVISION SERIES) | $20,000 |
ASCENDING LEADERS PURPOSE: GENERAL CHARITABLE SUPPORT | $10,000 |
CALVIN THEOLOGICAL SEMINARY PURPOSE: CHARITABLE SUPPORT (DOCTORAL FELLOWSHIP ASSISTANCE FUND) | $25,000 |
QUIET WATER MINISTRIES PURPOSE: CHARITABLE SUPPORT (INTENSIVE COUNSELING PROGRAM) | $15,000 |
MISSION INDIA PURPOSE: CHARITABLE SUPPORT (ADULT LITERACY PROGRAM) | $18,000 |