Ar-Hale Family Foundation Inc Fka Ar-Hale Foundation Inc
- Assets
- $7.8m
- Revenue
- $1.9m
- Investments
- $7.7m
- Employees
- 0
- Location
- Lima, OH
- Founding
- 05/1990
- Data as of
- 12/2023
- EIN
- 34-1644337
Organization Overview
Ar-Hale Family Foundation Inc Fka Ar-Hale Foundation Inc is located in Lima, OH. The organization was established in 1990. 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. Ar-Hale Family Foundation Inc Fka Ar-Hale 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 12/2023, Ar-Hale Family Foundation Inc Fka Ar-Hale Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ar-Hale Family Foundation Inc Fka Ar-Hale Foundation Inc has awarded 438 individual grants totaling $6,269,802. 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 |
|---|---|---|---|
Tim Hawk Vice President | 1 | $0 | |
Beverly Prueter Secretary/exec.director | 1 | $40,230 | |
Bryan Hawk Chairman | 1 | $0 | |
Michele Hawk Director | 1 | $0 | |
Julie Jordan Treasurer - Term Ended July, 2023 | 1 | $0 | |
Arlene F Hawk President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $794,200 |
| Interest on Savings | $56,456 |
| Dividends & Interest | $179,601 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $746,710 |
| Capital Gain Net Income | $746,710 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $78,068 |
| Total Revenue | $1,855,035 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,230 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,985 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $353 |
| Printing and publications | $0 |
| Other expenses | $1,330 |
| Total operating and administrative expenses | $112,142 |
| Contributions, gifts, grants paid | $1,017,491 |
| Total expenses and disbursements | $1,129,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,301 |
| 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 | $8,937 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,722,348 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,759,586 |
| 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, Ar-Hale Family Foundation Inc Fka Ar-Hale Foundation Inc has awarded $1,017,491 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
AVE MARIA SCHOOL OF LAW PURPOSE: FUND OPERATIONS | $500 |
CAMBERWELL GRIEF SANCTUARY PURPOSE: FUND OPERATIONS | $62,500 |
BIG BROTHERS BIG SISTERS OF OK PURPOSE: FUND OPERATIONS | $20,000 |
FATHER STEPHEN BLUM PURPOSE: FUND OPERATIONS | $1,000 |
FOCUS ON THE FAMILY PURPOSE: FUND OPERATIONS | $250 |
EDCHOICE PURPOSE: FUND OPERATIONS | $250 |