Arca Foundation
- Assets
- $10.3m
- Revenue
- $997.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 10/1997
- Data as of
- 06/2021
- EIN
- 85-0437970
Organization Overview
Arca Foundation is located in Albuquerque, NM. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is the central organization for a national or regional group of organizations. Arca 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 06/2021, Arca Foundation generated $997.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $320.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RESOURCES AND SUPPORT TO ARCA A 501(C)(3) ORGANIZATION AND A RELATED PARTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RESOURCES AND SUPPORT TO ARCA A 501(C)(3) ORGANIZATION AND A RELATED PARTY. ACTIVITIES INCLUDE RAISING CONTRIBUTIONS THROUGH VARIOUS MEANS. ACTIVITIES ALSO INCLUDE MANAGING INVESTMENT AND ENDOWMENT FUNDS WITH ARCA AS THE BENEFICIARY OF THOSE FUNDS. ARCA PROVIDES SERVICES TO APPROXIMATELY 582 INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.
ARCA FOUNDATION IS TRUSTEE OF TWO SPECIAL NEEDS TRUSTS, ARCA FOUNDATION DONOR POOLED TRUST AND ARCA FOUNDATION GRANTOR POOLED TRUST. BOTH TRUSTS ARE USED FOR THE BENEFIT OF PEOPLE WITH DEVELOPMENTAL DISABILITIES. DEPOSITS ARE MADE BY THE PERSON WITH A DEVELOPMENTAL DISABILITY (GRANTOR TRUST) OR BY A PARTY FOR THE PERSON WITH A DEVELOPMENTAL DISABILITY (DONOR TRUST). WITHDRAWALS ARE APPROVED BY AN OFFICER OF ARCA FOUNDATION AND ARE FOR SPECIAL NEEDS OF THE TRUST BENEFICIARIES. REMAINDER AMOUNTS ARE DETERMINED BY THE JOINDER AGREEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Knutzen Vice Preside | OfficerTrustee | 2 | $0 |
Noel Behne Assistant Tr | OfficerTrustee | 2 | $0 |
Phil Mayo Treasurer | OfficerTrustee | 2 | $0 |
Betty Valdez President | OfficerTrustee | 2 | $0 |
Kris Stichman Secretary | OfficerTrustee | 2 | $0 |
Gary Smothermon CFO | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $821,564 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $821,564 |
| Total Program Service Revenue | $64,891 |
| Investment income | $40,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,645 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $997,579 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $128,234 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $143,508 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,328 |
| Advertising and promotion | $0 |
| Office expenses | $8,143 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,588 |
| Travel | $132 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $320,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $867,034 |
| Savings and temporary cash investments | $297,515 |
| Pledges and grants receivable | $17,195 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,169,275 |
| Investments—publicly traded securities | $4,962,985 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,973,992 |
| Total assets | $10,287,996 |
| Accounts payable and accrued expenses | $7,971 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,973,992 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,981,963 |
| Net assets without donor restrictions | $6,242,026 |
| Net assets with donor restrictions | $1,064,007 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,287,996 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arca Foundation has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Larry And Anna B Harris Foundation Albuquerque, NM PURPOSE: ASSIST INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES | $1,500 |
Endowment Analysis
| Beg. Balance | $3,818,835 |
| Earnings | $1,173,752 |
| Other Expense | $29,602 |
| Ending Balance | $4,962,985 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater Houston Houston, TX | $90,238,589 | $64,032,577 |
Valley Of The Sun United Way Phoenix, AZ | $104,098,931 | $79,942,536 |
United Way Of Metropolitan Dallas Inc Dallas, TX | $52,867,984 | $61,265,319 |
United Way Of San Antonio & Bexar County San Antonio, TX | $74,846,616 | $63,219,295 |
Mile High United Way Inc Denver, CO | $62,814,897 | $36,182,511 |
The New Horizons Foundation Inc Colorado Springs, CO | $90,565,468 | $42,722,124 |
United Way Of Tarrant County Fort Worth, TX | $18,831,781 | $22,745,265 |
United Way For Greater Austin Austin, TX | $12,924,459 | $23,251,775 |
Tulsa Area United Way Tulsa, OK | $38,352,626 | $26,094,881 |
United Way Of Denton County Inc Denton, TX | $7,662,302 | $25,065,055 |
United Way Of Central Oklahoma Oklahoma City, OK | $31,400,744 | $22,733,637 |
United Way Of Central New Mexico Albuquerque, NM | $25,758,904 | $18,629,053 |