The Ariel Foundation
- Assets
- $39.3m
- Revenue
- $5.0m
- Investments
- $33.4m
- Employees
- 0
- Location
- Mount Vernon, OH
- Founding
- 07/2009
- Data as of
- 12/2022
- EIN
- 27-0226408
Organization Overview
The Ariel Foundation is located in Mount Vernon, OH. The organization was established in 2009. 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. Ariel 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, Ariel Foundation generated $5.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ariel Foundation has awarded 668 individual grants totaling $64,959,294. 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 |
|---|---|---|---|
Karen Buchwald Wright Superv.dir., Chairman,pres | 1 | $0 | |
Thomas Rastin Director | 1 | $0 | |
Jen Odenweller Executive Director | 30 | $0 | |
Kurt Schisler Current Director, Secretary, Treasurer | 5 | $0 | |
David Stuller Past - Director, Secretary, Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,025,000 |
| Interest on Savings | $28,859 |
| Dividends & Interest | $191,371 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $140,431 |
| Capital Gain Net Income | $1,120,310 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,608,319 |
| Total Revenue | $4,993,980 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $35,700 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $84,168 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,342 |
| Total operating and administrative expenses | $252,164 |
| Contributions, gifts, grants paid | $4,245,722 |
| Total expenses and disbursements | $4,497,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,090,913 |
| 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 | $4,835,449 |
| Total assets | $39,347,964 |
| 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, The Ariel Foundation has awarded $4,245,722 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS OF KNOX COUNTY PURPOSE: RED CROSS PREPAREDNESS AND RESILIENCY IN KNOX COUNTY 2022 | $10,000 |
AMERICAN RED CROSS OF KNOX COUNTY PURPOSE: RED CROSS BLOOD, FIGHTING CANCER | $8,200 |
BOWLING GREEN UNIVERSITY PURPOSE: IAN M. WHITAKER SCHOLARSHIP 2022 - 2023 | $5,000 |
CALVIN UNIVERISTY PURPOSE: NETSANET WAAL SCHOLARSHIP 2022 - 2023 | $5,000 |
CITY OF MOUNT VERNON PURPOSE: TREE REMOVAL AND ASSOCIATED SIDEWALK REPAIR 2020 | $3,178 |
CITY OF MOUNT VERNON PURPOSE: TREE PRUNING, TRIMMING, AND MAINTENANCE FOR HEALTHY TREE STRUCTURE AND LONGEVITY 2021 | $3,600 |