Arnold Foundation Inc
- Assets
- $1.7m
- Revenue
- $370.6k
- Investments
- $636.0k
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 09/1999
- Data as of
- 09/2022
- EIN
- 58-2450328
Organization Overview
Arnold Foundation Inc is located in Atlanta, GA. The organization was established in 1999. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arnold 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 09/2022, Arnold Foundation Inc generated $370.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $288.5k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Arnold Foundation Inc has awarded 127 individual grants totaling $1,066,965. 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 |
|---|---|---|---|
Sandra Flint Trustee | 1 | $10,000 | |
Michael D Flint Trustee | 1 | $10,000 | |
Bryan H Flint Trustee | 1 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $79 |
| Dividends & Interest | $18,523 |
| Net Rental Income | $346,358 |
| Net Gain on Sale of Assets | $5,611 |
| Capital Gain Net Income | $5,611 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $370,571 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,305 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $86 |
| Printing and publications | $0 |
| Other expenses | $98 |
| Total operating and administrative expenses | $51,985 |
| Contributions, gifts, grants paid | $236,547 |
| Total expenses and disbursements | $288,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $87,958 |
| 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 | $5,220 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $959,600 |
| Other assets | $0 |
| Total assets | $1,688,760 |
| 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, Arnold Foundation Inc has awarded $236,547 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
PEACHTREE FARM INC PURPOSE: OPERATIONS | $70,000 |
UNIV OF TENNESSEE AT CHATTANOOGA PURPOSE: OPERATIONS | $28,500 |
BOYS & GIRLS CLUBS OF METRO ATLANTA PURPOSE: OPERATIONS | $25,000 |
Atlanta, GA PURPOSE: OPERATIONS | $20,370 |
ATLANTA SYMPHONY ORCHESTRA PURPOSE: OPERATIONS | $20,000 |
Atlanta, GA PURPOSE: OPERATIONS | $11,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Greater Charlotte Cultural Trust Charlotte, NC | $173,742,321 | $2,357,736 |
United Arts Of Central Florida Inc Orlando, FL | $7,262,760 | $11,256,012 |
Etv Endowment Of South Carolina Inc Spartanburg, SC | $31,848,009 | $11,204,274 |
Gwinnett Championship Foundation Inc Duluth, GA | $476,337 | $4,123,025 |
Digital Convergence Alliance Inc Tampa, FL | $2,233,099 | $3,394,790 |
Cobb Community Foundation Inc Atlanta, GA | $18,425,025 | $3,579,591 |
Gaillard Performance Hall Foundation Charleston, SC | $7,942,999 | $750,731 |
Memphis Museums Inc Memphis, TN | $7,243,926 | $3,293,679 |
Artsbuild Chattanooga, TN | $20,819,407 | $7,133,514 |
William R Kenan Jr Fund For The Arts Chapel Hill, NC | $30,178,263 | $1,461,510 |
Creative City Collaborative Of Delray Beach Inc Delray Beach, FL | $1,041,652 | $1,722,998 |
Fuquay-Varina Arts Foundation Inc Fuquayvarina, NC | $0 | $383,560 |