Arkes Family Foundation
- Assets
- $0.0
- Revenue
- $440.3k
- Investments
- $8.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2013
- Data as of
- 12/2020
- EIN
- 46-1536842
Organization Overview
Arkes Family Foundation is located in Chicago, IL. The organization was established in 2013. 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. Arkes Family 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 12/2020, Arkes Family Foundation generated $440.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $812.8k during the year ending 12/2020. While expenses have increased by 0.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Arkes Family Foundation has awarded 640 individual grants totaling $5,446,840. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Arkes President | 3 | $0 | |
John Eramo Director | 0.1 | $0 | |
Helen Arkes Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $214,529 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,058 |
| Total Revenue | $440,346 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $10 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $96,571 |
| Contributions, gifts, grants paid | $716,211 |
| Total expenses and disbursements | $812,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,684,655 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Arkes Family Foundation has awarded $941,726 in support to 118 organizations.
| Grant Recipient | Amount |
|---|---|
HELPING HAND INCENTIVES PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $632,000 |
Chicago, IL PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $58,000 |
LAWRENCE HALL PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $50,000 |
BELOIT COLLEGE PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $25,000 |
Chicago, IL PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $19,916 |
Chicago, IL PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |