Arkell Foundation Inc
- Assets
- $71.9m
- Revenue
- $3.2m
- Investments
- $63.9m
- Employees
- 0
- Location
- Canajoharie, NY
- Founding
- 09/1961
- Data as of
- 11/2023
- EIN
- 14-1343077
Organization Overview
Arkell Foundation Inc is located in Canajoharie, NY. The organization was established in 1961. 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. Arkell 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 11/2023, Arkell Foundation Inc generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $2.7m during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Arkell Foundation Inc has awarded 109 individual grants totaling $3,547,365. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWN AND OPERATE A LICENSED ADULT CARE FACILITY
GRANTS TO QUALIFIED ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Santangelo President | 40 | $155,769 | |
Charles Tallent Treasurer | 1 | $0 | |
Ron Limoncelli Vice Preside | 1 | $0 | |
William Smith Trustee | 1 | $0 | |
Roberta Winsman Trustee | 1 | $0 | |
Carol Edwards Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $37,569 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,230,853 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,459,274 |
| Capital Gain Net Income | $1,451,474 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $497,459 |
| Total Revenue | $3,225,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $237,769 |
| Other employee salaries and wages | $970,219 |
| Pension plans, employee benefits | $161,777 |
| Interest | $0 |
| Taxes | $33,882 |
| Depreciation | $131,460 |
| Occupancy | $84,141 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $373,777 |
| Total operating and administrative expenses | $2,483,539 |
| Contributions, gifts, grants paid | $224,800 |
| Total expenses and disbursements | $2,708,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,123 |
| Savings and temporary cash investments | $3,584,125 |
| Net Accounts receivable | $262 |
| 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 | $42,685 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,013,385 |
| Net Land, buildings, and equipment | $2,919,051 |
| Other assets | $1,271,814 |
| Total assets | $71,947,283 |
| Accounts payable and accrued expenses | $134,659 |
| 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 | $134,659 |
Grants Awarded
Over the last fiscal year, Arkell Foundation Inc has awarded $224,800 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AYRES MEMORIAL ANIMAL SHELTER PURPOSE: GENERAL SUPPORT | $10,000 |
CANAJOHARIE AREA LITTLE LEAGUE PURPOSE: GENERAL PURPOSES | $500 |
CANAJOHARIE CROCODILES SWIM CLUB PURPOSE: GENERAL SUPPORT | $100 |
CANAJOHARIE LIBRARY AND A PURPOSE: GENERAL SUPPORT | $150,000 |
CANAJOHARIE SENIOR CITIZENS CLUB PURPOSE: GENERAL SUPPORT | $2,000 |
CANAJOHARIE YOUTH CENTER PURPOSE: GENERAL SUPPORT | $100 |