Arkay Foundation
- Assets
- $19.8m
- Revenue
- $1.2m
- Investments
- $18.2m
- Employees
- 0
- Location
- Berkeley, CA
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 77-0404924
Organization Overview
Arkay Foundation is located in Berkeley, CA. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Arkay 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, Arkay Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 11.0% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Goldschmidt President/dir | 3 | $0 | |
Susan Reed Clark Treasurer/dir | 2 | $0 | |
Laura Flanagan Secretary/dir | 1 | $0 | |
Karen M Kahn Director | 1 | $0 | |
Marian Penn Director | 1 | $0 | |
William H Soskin ESQ Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Third Plateau | 12/30/21 | $133,895 |
Baker Street Advisors | 12/30/21 | $122,635 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $869 |
| Dividends & Interest | $358,785 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $860,206 |
| Capital Gain Net Income | $860,206 |
| Net ST Capital Gain | $860,206 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,929 |
| Total Revenue | $1,240,789 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,003 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $20,529 |
| Printing and publications | $0 |
| Other expenses | $6,578 |
| Total operating and administrative expenses | $351,226 |
| Contributions, gifts, grants paid | $1,600,000 |
| Total expenses and disbursements | $1,951,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,838 |
| Savings and temporary cash investments | $1,164,040 |
| 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 | $10,874 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,200,209 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $27,638 |
| Total assets | $19,754,291 |
| Accounts payable and accrued expenses | $20,790 |
| 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 | $20,790 |
Grants Awarded
Over the last fiscal year, Arkay Foundation has awarded $1,538,000 in support to 115 organizations.
| Grant Recipient | Amount |
|---|---|
VANGUARD CHARITABLE PURPOSE: TO FUND DAF | $375,000 |
Washington, DC PURPOSE: DEFENDING DEMOCRACY PROGRAM | $125,000 |
LEAGUE OF CONSERVATION VOTERS EDUC PURPOSE: DEMOCRACY PROJECT | $75,000 |
Brooklyn, NY PURPOSE: FOSSIL FUEL DIVESTMENT PROGRAM | $75,000 |
SIERRA CLUB FOUNDATION PURPOSE: DEMOCRACY PROGRAM | $75,000 |
WILLIAM J BRENNAN JR CENTER FOR JUS PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Partnerships Inc Portland, OR | $30,268,238 | $16,325,065 |
Coalition Of Homeless Services Providers Seaside, CA | $4,824,470 | $13,798,349 |
Applied Materials Foundation Santa Clara, CA | $3,893,946 | $2,033,120 |
Cal Poly Pomona Philanthropic Foundation Pomona, CA | $212,751,456 | $20,250,176 |
Intuitive Foundation Sunnyvale, CA | $66,087,520 | $30,041,225 |
Cal State Fullerton Philanthropic Foundation Fullerton, CA | $185,411,080 | $61,222,330 |
The Center For Common Concerns Inc San Francisco, CA | $4,578,561 | $9,221,724 |
Lacentra-Sumerlin Foundation Santa Barbara, CA | $23,655,418 | $9,034,857 |
Nevada H A N D Inc Las Vegas, NV | $77,122,058 | $13,558,861 |
Los Angeles Brotherhood Crusade - Black United Fund Inc Los Angeles, CA | $11,518,152 | $7,122,704 |
Ninos Latinos Unidos Foster Family Agency Bellflower, CA | $3,255,645 | $6,207,449 |
Earn Inc San Francisco, CA | $4,666,013 | $6,096,745 |