Arsenault Family Foundation Inc
- Assets
- $10.1m
- Revenue
- $2.8m
- Investments
- $3.0m
- Employees
- 0
- Location
- Louisville, CO
- Founding
- 09/2001
- Data as of
- 12/2021
- EIN
- 84-1569419
Organization Overview
Arsenault Family Foundation Inc is located in Louisville, CO. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Arsenault Family 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 12/2021, Arsenault Family Foundation Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.3% each year . All expenses for the organization totaled $902.6k during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 6 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 2017, Arsenault Family Foundation Inc has awarded 50 individual grants totaling $1,770,121. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
IM01 LIMITED DONATION OF 100,000
KAABA MICROFINANCE INSTITUTION - 50,000 DONATION TO CHARITABLE ORGANIZATION
WOMEN'S ACTION FOR NEW DIRECTIONS EDUCATION FUND - 35,000 DONATION TO CHARITABLE ORGANIZATION
ABRAHAM PATH INITIATIVE - 25,000 DONATION TO CHARITABLE ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcel Jc Arsenault Chairman | 0.5 | $0 | |
Ian Webb Director | 0.5 | $0 | |
Cynda Collins Arsenault Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,685,055 |
| Interest on Savings | $415 |
| Dividends & Interest | $92,102 |
| Net Rental Income | -$23,490 |
| Net Gain on Sale of Assets | -$44,515 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,644 |
| Total Revenue | $2,776,029 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,038 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $222,030 |
| Total operating and administrative expenses | $304,373 |
| Contributions, gifts, grants paid | $598,208 |
| Total expenses and disbursements | $902,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,740,530 |
| 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 | $647,931 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,348,250 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,719,762 |
| Total assets | $10,095,198 |
| 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, Arsenault Family Foundation Inc has awarded $598,208 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL HEALTH CENTRE PURPOSE: PREVENTION OF PANDEMICS | $178,297 |
INTER MEDIATE PURPOSE: NEGOTIATE POLITICAL TENSIONS | $120,000 |
Louisville, CO PURPOSE: DISCRETIONARY FUNDS | $55,000 |
Arvada, CO PURPOSE: CREATE NATIONAL YOUTH COUNCIL | $50,000 |
UNITED NATIONS FOUNDATION PURPOSE: 1000 WOMEN LEADERS CAMPAIGN | $50,000 |
FUNDACION SANTA TERESA PURPOSE: HUMANITARIAN AID TO VENEZUELA | $37,411 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sorenson Legacy Foundation Midvale, UT | $495,708,411 | $38,649,828 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |
William K Warren Foundation Tulsa, OK | $318,898,600 | $38,179,587 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Charityvision International Inc Provo, UT | $7,076,179 | $9,590,152 |
R Foundation Kaysville, UT | $410,534 | $5,235,533 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Stonewall Foundation Tucson, AZ | $0 | $109,268 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |