Foundation Of The Arc Of Northern Virginia
- Assets
- $1.9m
- Revenue
- $742.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 06/1990
- Data as of
- 06/2023
- EIN
- 54-1547443
Organization Overview
Foundation Of The Arc Of Northern Virginia is located in Fairfax, VA. The organization was established in 1990. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of The Arc Of Northern Virginia 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 06/2023, Foundation Of The Arc Of Northern Virginia generated $742.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $836.7k during the year ending 06/2023. While expenses have increased by 10.4% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE LIFELONG OPPORTUNITIES FOR ALL INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL NEEDS TRUST - THE FOUNDATION OVERSEES SPECIAL NEEDS TRUST MANAGEMENT SERVICES THAT PROVIDE INDIVIDUALS WITH DISABILITIES AND THEIR FAMILY MEMBERS WITH FUTURE PLANNING OPTIONS TO ENSURE THE NEEDS OF INDIVIDUALS WITH DISABILITIES ARE ADEQUATELY PROVIDED FOR. THE SPECIAL NEEDS TRUST PROGRAM PROVIDES PROFESSIONAL MANAGEMENT AND SUPPORT SERVICES.
FINANCIAL AND BUSINESS GUIDANCE - THE FOUNDATION SERVES AS A SOURCE OF FINANCIAL SUPPORT TO THE ARC, MANAGES AN ENDOWMENT FUND INVESTMENT PORTFOLIO TO SUPPORT THE ARC, AND SUPPORTS THE ARC'S FUNDRAISING ACTIVITIES. THE FOUNDATION PROVIDES GUIDANCE TO ENSURE THE LONG-TERM SECURITY OF THE ARC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas M Church Jr Chairperson | OfficerTrustee | 3 | $0 |
Alexander Yellin Secretary | OfficerTrustee | 1 | $0 |
Alan Harbitter Treasurer | OfficerTrustee | 1 | $0 |
Rikki Epstein M Ed Executive Director, Arc (until 12/22) | OfficerTrustee | 2 | $0 |
Michael Zoskey Director | Trustee | 1 | $0 |
Jouya Rastegar Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $180,085 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,085 |
| Total Program Service Revenue | $521,921 |
| Investment income | $50,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,225 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $742,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $103,842 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $618,252 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,122 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,199 |
| Fees for services: Other | $5,123 |
| Advertising and promotion | $1,647 |
| Office expenses | $4,745 |
| Information technology | $9,011 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,859 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,205 |
| Insurance | $100 |
| All other expenses | $40 |
| Total functional expenses | $836,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,545 |
| Savings and temporary cash investments | $133,221 |
| Pledges and grants receivable | $319,955 |
| Accounts receivable, net | $35,880 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,908 |
| Net Land, buildings, and equipment | $5,559 |
| Investments—publicly traded securities | $1,285,534 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,545 |
| Total assets | $1,888,147 |
| Accounts payable and accrued expenses | $9,120 |
| Grants payable | $0 |
| Deferred revenue | $16,357 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $56,766 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,876 |
| Total liabilities | $108,119 |
| Net assets without donor restrictions | $1,460,073 |
| Net assets with donor restrictions | $319,955 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,888,147 |
Grants Awarded
Over the last fiscal year, Foundation Of The Arc Of Northern Virginia has awarded $45,216 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARC OF NORTHERN VIRGINIA INC PURPOSE: GENERAL SUPPORT | $30,216 |
ARC OF NORTHERN VIRGINIA INC PURPOSE: TO PAY FOR COSTS ASSOCIATED WITH BIANNUAL GALA | $15,000 |