The Arras Foundation
- Assets
- $77.2m
- Revenue
- $2.6m
- Investments
- $69.6m
- Employees
- 0
- Location
- Lancaster, SC
- Founding
- 04/1946
- Data as of
- 12/2022
- EIN
- 57-0355295
Organization Overview
The Arras Foundation is located in Lancaster, SC. The organization was established in 1946. 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. Arras 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, Arras Foundation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (30.0%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Arras Foundation has awarded 188 individual grants totaling $12,074,617. 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 |
|---|---|---|---|
Jodie C Plyler Trustee/chair | 4 | $8,050 | |
Lisa T Bridges Trustee/vice-Chair | 4 | $5,250 | |
Don T Gardner Trustee/treasurer | 4 | $5,200 | |
Ashley Shannon Trustee/secretary | 4 | $3,000 | |
Richard A Band Trustee | 4 | $5,250 | |
Abby-Lynn Brunson Left 0222 Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vanguard Institutional Advisory Services | 12/30/22 | $70,979 |
Mst Llc | 12/30/22 | $61,255 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,539,437 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,290 |
| Capital Gain Net Income | $46,290 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,598 |
| Total Revenue | $2,603,325 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $290,650 |
| Other employee salaries and wages | $581,702 |
| Pension plans, employee benefits | $190,017 |
| Interest | $0 |
| Taxes | $53,692 |
| Depreciation | $3,577 |
| Occupancy | $44,585 |
| Travel, conferences, and meetings | $57,397 |
| Printing and publications | $0 |
| Other expenses | $331,103 |
| Total operating and administrative expenses | $1,912,793 |
| Contributions, gifts, grants paid | $1,459,289 |
| Total expenses and disbursements | $3,372,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $410,643 |
| 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 | $6,997,939 |
| Other assets | $120,761 |
| Total assets | $77,162,126 |
| Accounts payable and accrued expenses | $81,175 |
| Grants payable | $2,997,566 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $314,105 |
| Total liabilities | $3,392,846 |
Grants Awarded
Over the last fiscal year, The Arras Foundation has awarded $1,941,147 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
A FATHER'S WAY - LANCASTER FATHERHOOD PROJECT PURPOSE: (HEALTHY COMMUNITY GRANT) RE-ENGAGING LOW-INCOME FATHERS THROUGH HEALTH HEALTH ACCESS AND RESPONSIBLE FATHERHOOD | $55,000 |
CHESTER COUNTY SCHOOL DISTRICT PURPOSE: (HEALTHY COMMUNITY PARTNER INITIATIVE) CCSD SWIMMING AND WATER SAFETY PROGRAM | $16,445 |
CHESTER COUNTY SCHOOL DISTRICT PURPOSE: "LUNCH WITH LEADERS" | $2,000 |
CHESTER COUNTY SCHOOL DISTRICT PURPOSE: "SEEING MYSELF IN THE BOOKS ON THE SHELF" | $500 |
CHESTER COUNTY SCHOOL DISTRICT PURPOSE: "YUKI BALL" | $500 |
CHESTER COUNTY SCHOOL DISTRICT PURPOSE: "SAFE TRAINING" | $500 |