Arnold Foundation
- Assets
- $567.1k
- Revenue
- $96.1k
- Investments
- $484.9k
- Employees
- 0
- Location
- Wilkes Barre, PA
- Founding
- 06/1967
- Data as of
- 03/2024
- EIN
- 23-6417708
Organization Overview
Arnold Foundation is located in Wilkes Barre, PA. The organization was established in 1967. 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. Arnold 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 03/2024, Arnold Foundation generated $96.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $99.2k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Arnold Foundation has awarded 173 individual grants totaling $614,200. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arnold K Biscontini Treasurer | 0 | $0 | |
Arnold K Biscontini Vice Preside | 0 | $0 | |
Deborah M Biscontini President | 0 | $0 | |
Joseph J Paciotti Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $103 |
| Dividends & Interest | $37,151 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,868 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,122 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,986 |
| Contributions, gifts, grants paid | $85,200 |
| Total expenses and disbursements | $99,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,995 |
| Savings and temporary cash investments | $62,235 |
| 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 | $567,081 |
| 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, Arnold Foundation has awarded $85,200 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
KINGS COLLEGE PURPOSE: WELFARE OF COMMUNITY | $1,000 |
CHARLOTTE RESCUE MISSION PURPOSE: WELFARE OF COMMUNITY | $4,000 |
CHILDRENS SERVICE CENTER PURPOSE: WELFARE OF COMMUNITY | $2,000 |
CHARLOTTE FAMILY HOUSING PURPOSE: WELFARE OF COMMUNITY | $3,000 |
HOSPICE OF CAROLINA FOOTHILLS PURPOSE: WELFARE OF COMMUNITY | $4,000 |
STEPS TO HOPE PURPOSE: WELFARE OF COMMUNITY | $4,000 |