The Arras Foundation
- Assets
- $95.0m
- Revenue
- $7.7m
- Investments
- $89.8m
- Employees
- 0
- Location
- Lancaster, SC
- Founding
- 04/1946
- Data as of
- 12/2021
- 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 12/2021, Arras Foundation generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 5 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 2018, Arras Foundation has awarded 152 individual grants totaling $10,133,470. 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 |
|---|---|---|---|
Susan W Devenny President & CEO | 45 | $236,906 | |
Pamela Y Temple Program Director | 40 | $112,260 | |
Macy Whitener Communications Coord | 40 | $71,575 | |
Cynthia L Curtis Community Investment | 40 | $61,582 | |
Karen W Ormand Exec. Asst. & Grants | 40 | $50,819 | |
Jodie C Plyler Chair | 4 | $8,650 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advocacy & Communication Solutions Llc | 12/30/19 | $103,616 |
Vanguard Institutional Advisory Services | 12/30/19 | $56,225 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,064,331 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,651,180 |
| Capital Gain Net Income | $3,651,180 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,169 |
| Total Revenue | $7,716,680 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $293,906 |
| Other employee salaries and wages | $588,524 |
| Pension plans, employee benefits | $201,047 |
| Interest | $0 |
| Taxes | $86,452 |
| Depreciation | $6,396 |
| Occupancy | $31,171 |
| Travel, conferences, and meetings | $3,438 |
| Printing and publications | $0 |
| Other expenses | $290,358 |
| Total operating and administrative expenses | $1,809,879 |
| Contributions, gifts, grants paid | $2,233,122 |
| Total expenses and disbursements | $4,043,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $638,168 |
| 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 | $4,426,621 |
| Other assets | $146,681 |
| Total assets | $94,984,661 |
| Accounts payable and accrued expenses | $94,014 |
| Grants payable | $2,081,575 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $289,227 |
| Total liabilities | $2,464,816 |
Grants Awarded
Over the last fiscal year, The Arras Foundation has awarded $3,248,455 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
LANCASTER PROMISE NEIGHBORHOOD PURPOSE: TO SUPPORT THE VARIOUS NEEDS OF THE RECIPIENT ORGANIZATION | $1,500,000 |
TOWN OF KERSHAW PURPOSE: (HEALTHY COMMUNITY CAPITAL GRANT) TOWN OF KERSHAW BANK BUILDING - PHASE II FIRST STEPS/EARLY CHILDHOOD CENTER | $175,000 |
Greenville, SC PURPOSE: (STRATEGIC INITIATIVE) COLLEGE ADVISING CORPS | $173,596 |
Lancaster, SC PURPOSE: (HEALTHY COMMUNITY GRANT) GENERAL OPERATING GRANT WITH CHALLENGE MATCH FOR DONOR | $150,000 |
Lancaster, SC PURPOSE: (HEALTHY COMMUNITY GRANT) GENERAL OPERATING GRANT WITH CHALLENGE MATCH FOR DONOR | $125,000 |
LANCASTER FATHERHOOD PROJECT PURPOSE: (HEALTHY COMMUNITY GRANT) RE-ENGAGING LOW-INCOME FATHERS THROUGH HEALTH HEALTH ACCESS AND RESPONSIBLE FATHERHOOD | $115,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
The Merancas Foundation Inc Charlotte, NC | $181,742,490 | $364,669,812 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Cannon Foundation Inc Concord, NC | $297,494,035 | $30,471,430 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |