The Ark Foundation
- Assets
- $2.2m
- Revenue
- $54.6k
- Investments
- $2.1m
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 07/2004
- Data as of
- 12/2022
- EIN
- 30-0256823
Organization Overview
The Ark Foundation is located in Miami Beach, FL. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ark 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, Ark Foundation generated $54.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $128.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ark Foundation has awarded 23 individual grants totaling $1,070,200. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELP 1ST GENERATION COLLEGE STUDENTS GET INTO THEIR BEST-FIT COLLEGE BY PROVIDING ONE-ON-ONE COLLEGE COUNSELING BY PAIRING ACADEMICALLY MOTIVATED STUDENTS WITH A COLLEGE CATALYST WHO ACTS AS THEIR PERSONAL EDUCATIONAL ADVISOR. ADVISORS PROVIDE THE INFORMATION, GUIDANCE, AND SUPPORT THAT STUDENTS AND FAMILIES NEED TO NAVIGATE THE COLLEGE SELECTION AND APPLICATION PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bailey Lowenthal President & Treasurer | 1 | $0 | |
Justina Lowenthal Vice President | 1 | $0 | |
Matthew Lowenthal Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,427 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,185 |
| Capital Gain Net Income | $4,185 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,612 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,912 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $184 |
| Total operating and administrative expenses | $3,312 |
| Contributions, gifts, grants paid | $125,000 |
| Total expenses and disbursements | $128,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,637 |
| 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 | $2,137,199 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,210,836 |
| 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 Ark Foundation has awarded $125,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PROJECT GETTYSBURG-LEON PURPOSE: GENERAL/NO RESTRICTION | $50,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: GENERAL/NO RESTRICTION | $50,000 |
ST JAMES LUTHERAN CHURCH PURPOSE: GENERAL/NO RESTRICTION | $25,000 |