Arvest Foundation
- Assets
- $17.8m
- Revenue
- $1.2m
- Investments
- $17.6m
- Employees
- 0
- Location
- Bentonville, AR
- Founding
- 06/2019
- Data as of
- 12/2021
- 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 12/2021, Arvest Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (63.7%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Arvest Foundation has awarded 1,086 individual grants totaling $7,437,500. 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 Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $433,146 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $762,289 |
| Capital Gain Net Income | $762,289 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$211 |
| Total Revenue | $1,195,224 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $163 |
| Taxes | $39,478 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $327 |
| Total operating and administrative expenses | $207,120 |
| Contributions, gifts, grants paid | $3,712,500 |
| Total expenses and disbursements | $3,919,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,837 |
| Savings and temporary cash investments | $0 |
| 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 | $17,648,248 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,843,085 |
| 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 $3,712,500 in support to 545 organizations.
| Grant Recipient | Amount |
|---|---|
Little Rock, AR PURPOSE: TO SUPPORT THE FORD NEXT GENERATION LEARNING MODEL IN THE FOUR SCHOOLS DISTRICTS IN PULASKI COUNTY. | $140,000 |
LAWTON PUBLIC SCHOOLS PURPOSE: TO PROVIDE FUNDS FOR THE BAND PROGRAMS AT THE THREE AREA HIGH SCHOOLS WHICH INCLUDE EISENHOWER, LAWTON HIGH AND MACARTHUR. | $50,500 |
Springdale, AR PURPOSE: TO HELP THE CHILDREN'S SAFETY CENTER ("CSC") WITH THEIR CAPITAL CAMPAIGN, WHICH CSC IS USING TO BUILD ITS OWN FACILITY IN WASHINGTON COUNTY. | $50,000 |
Tulsa, OK PURPOSE: TO IMPROVE SOCIAL CONDITIONS IN THE TULSA AREA. | $50,000 |
GILCREASE MUSEUM MANAGEMENT TRUST PURPOSE: COMMUNITY & ECONOMIC DEVELOPMENT - GENERAL OPERATING SUPPORT | $50,000 |
Springfield, MO PURPOSE: TO COVER THE COST OF COATING THE ORGANIZATION'S METAL ROOF, REPLACE THE SKYLIGHT TO RECTIFY WATER INFILTRATION, SEAL THE BUILDING AND COVER THE COST OF REPAIRING AND REPLACING THE PERIMETER EXTERIOR SECURITY LIGHTING IN THE EAVES. | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |