Arvest Foundation
- Assets
- $24.4m
- Revenue
- $643.3k
- Investments
- $22.4m
- Employees
- 0
- Location
- Bentonville, AR
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 82-3700845
Organization Overview
Arvest Foundation is located in Bentonville, AR. The organization was established in 2019. 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. Arvest 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 12/2023, Arvest Foundation generated $643.3k 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 (51.9%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Arvest Foundation has awarded 2,171 individual grants totaling $16,307,500. 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 |
|---|---|---|---|
Name Not Listed President, Director | 1 | $0 | |
Name Not Listed Director, Vice President (until 12/21/23) | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Secretary | 1 | $0 | |
Name Not Listed Treasurer (unitl 12/21/23) | 1 | $0 | |
Name Not Listed Assistant Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $817,928 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$189,884 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,211 |
| Total Revenue | $643,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $29 |
| Taxes | $186,398 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $926 |
| Total operating and administrative expenses | $453,280 |
| Contributions, gifts, grants paid | $4,435,000 |
| Total expenses and disbursements | $4,888,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,405 |
| Savings and temporary cash investments | $1,816,003 |
| 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 | $22,432,599 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,403,007 |
| 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, Arvest Foundation has awarded $4,435,000 in support to 539 organizations.
| Grant Recipient | Amount |
|---|---|
36 DEGREES NORTH CO PURPOSE: TO LAUNCH, SCALE AND EXPAND ENTREPRENEURIAL AND WORKFORCE TRAINING PROGRAMS AT A NEW, WORLD-CLASS ENTREPRENEURIAL HUB. | $50,000 |
A NEW LEAF INC PURPOSE: TO SUPPORT THE COMPREHENSIVE WORKFORCE DEVELOPMENT PLAN FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES AND AUTISM. | $10,000 |
A TO Z PRODUCTIONS INC PURPOSE: TO PROVIDE PROGRAM SUPPORT FOR THE UPCOMING SEASON TO ENABLE THE NORMAN PHILHARMONIC TO CONTINUE TO FULFILL ITS MISSION. | $5,000 |
AAPI ARKANSAS PURPOSE: TO SUPPORT ONGOING INITIATIVES WITH SCHOLARSHIPS, COMMUNITY INITIATIVES, ADVOCACY AND RESEARCH. | $10,000 |
ABILITY TREE OF ARKANSAS INC PURPOSE: TO REPAIR AND RESTORE EQUIPMENT AND CREATING MORE STORAGE SPACE. | $11,000 |
ABILITYWORKS OF OKLAHOMA INC PURPOSE: TO PURCHASE NEW FURNITURE AND KITCHEN APPLIANCES FOR THE OSAGE GROUP HOME. | $5,000 |