Arkema Inc Foundation
- Assets
- $84.3k
- Revenue
- $215.0k
- Investments
- $0.0
- Employees
- 0
- Location
- King Of Prussia, PA
- Founding
- 06/1959
- Data as of
- 12/2023
- EIN
- 23-6256818
Organization Overview
Arkema Inc Foundation is located in King Of Prussia, PA. The organization was established in 1959. 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. Arkema Inc 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, Arkema Inc Foundation generated $215.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $342.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Arkema Inc Foundation has awarded 172 individual grants totaling $1,830,299. 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 |
|---|---|---|---|
Anthony O'donovan Trustee | 0 | $0 | |
Janet Smith Trustee | 0 | $0 | |
Steve Baxter Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $215,000 |
| 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 | $215,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,418 |
| Total operating and administrative expenses | $2,433 |
| Contributions, gifts, grants paid | $339,657 |
| Total expenses and disbursements | $342,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,273 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $84,273 |
| 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, Arkema Inc Foundation has awarded $754,509 in support to 72 organizations.
| Grant Recipient | Amount |
|---|---|
CRISTO REY PHILADELPHIA HIGH SCHOOL PURPOSE: WORK/SCHOOL PROGRAM | $35,000 |
THE FRANKLIN INSTITUTE YOUTH EDUCATION PROGRAMS PURPOSE: SPONSORS THE INSTITUTE'S STEM SCHOLARS PROGRAM. | $10,000 |
UNITED WAY OF GREATER PHILADELPHIA PURPOSE: SUPPORTS THE VARIOUS UNITED WAY PROGRAMS INCLUDING UNITED2FEED. | $45,000 |
SOCIETY OF PLASTICS ENGINEERS PURPOSE: DETROIT ECOTEK LAB EQUITY-BLDG RESEARCH STIPENDS/SCHOLARSHIPS | $10,000 |
SCIENCE HISTORY INSTITUTE PURPOSE: SPONSOR INNOVATION DAY TO ENSURE NEXT GENERATION IS UP-TO-DATE ON EMERGING TOPICS IN CHEMICAL INDUSTRY. | $2,000 |
ARKEMA INC PURPOSE: SCIENCE TEACHER PROGRAM HOST REIMBURSEMENT (SCIENCE KITS, MEALS ETC) | $3,464 |