Archewell Inc
- Assets
- $11.1m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 6
- Location
- Beverly Hills, CA
- Founding
- Data as of
- 12/2023
- EIN
- 85-2213963
Organization Overview
Archewell Inc is located in Beverly Hills, CA. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Archewell Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Archewell 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 12/2023, Archewell Inc generated $5.7m 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 (23.9%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Archewell Inc has awarded 83 individual grants totaling $6,251,928. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ARCHEWELL FOUNDATION IS AN IMPACT-DRIVEN NONPROFIT CREATED BY THE DUKE AND DUCHESS OF SUSSEX WITH A MISSION TO SHOW UP AND DO GOOD. THE ARCHEWELL FOUNDATION'S CORE PURPOSE IS TO UPLIFT AND UNITE COMMUNITIES - LOCAL AND GLOBAL, ONLINE AND OFFLINE - ONE ACT OF COMPASSION AT A TIME. THE ARCHEWELL FOUNDATION BELIEVES THAT COMPASSION IS THE DEFINING CULTURAL FORCE OF THE 21ST CENTURY AND, THROUGH ITS WORK, ARCHEWELL FOUNDATION SUPPORTS A GROWING COMMUNITY OF PARTNER ORGANIZATIONS FUELING SYSTEMIC CULTURAL CHANGE. THE ARCHEWELL FOUNDATION LISTENS TO PEOPLE AND THEIR COMMUNITIES, HELPS THEM TELL THEIR STORIES, PUTS REAL ACTION BEHIND ITS WORDS, AND SPOTLIGHTS A NEW GENERATION OF LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPLIFTING COMMUNITIES: THE ARCHEWELL FOUNDATION UPLIFTS COMMUNITIES ACROSS THE GLOBE BY INVESTING TIME AND RESOURCES INTO PEOPLE AND PLACES THAT FOSTER MEANINGFUL BONDS AND HELP PEOPLE THRIVE.
BUILDING A BETTER ONLINE WORLD: AT THE ARCHEWELL FOUNDATION, WE ARE PUTTING PEOPLE FIRST AND MAKING INVESTMENTS IN INNOVATIVE, UPSTREAM SOLUTIONS AIMED AT CREATING A TECHNOLOGY ECOSYSTEM DESIGNED FOR GOOD - ONE THAT IS SAFE, HEALTHY, INCLUSIVE, AND INNOVATIVE.
RESTORING TRUST IN INFORMATION: THE ARCHEWELL FOUNDATION PROMOTES INFORMATION INTEGRITY AND ETHICAL JOURNALISM AS A FUNDAMENTAL RIGHT - AN ESSENTIAL NEED FOR THE WELLBEING OF COMMUNITIES AND DEMOCRACIES THE WORLD OVER. AS WE SEEK THE CREATION OF A BETTER, MORE TRUSTWORTHY, AND DIVERSE INFORMATION ENVIRONMENT ACROSS ALL FORMS OF MEDIA, WE SUPPORT RESEARCH AND ORGANIZATIONS CREATING A MORE INFORMED, FACT BASED, AND MORE CONNECTED WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shauna Nep Co-Executive Dir/treasurer/secretary | Officer | 40 | $272,241 |
James A Holt Executive Director/president | Officer | 40 | $228,500 |
Deesha Tank Communications Manager | 40 | $140,000 | |
Meghan The Duchess Of Sussex Director | Trustee | 1 | $0 |
Prince Harry The Duke Of Sussex Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Herlihy Loughran Programmatic Strategic Support | 12/30/23 | $155,050 |
Jiore Craigmayjor Strategy Programmatic Strategic Support | 12/30/23 | $146,500 |
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 | $5,336,780 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,336,780 |
| Total Program Service Revenue | $0 |
| Investment income | $392,953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,729,733 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,076,428 |
| Grants and other assistance to domestic individuals. | $52,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $172,537 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $545,526 |
| Compensation of current officers, directors, key employees. | $115,969 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $359,936 |
| Pension plan accruals and contributions | $12,270 |
| Other employee benefits | $25,153 |
| Payroll taxes | $54,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $110,206 |
| Fees for services: Accounting | $22,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $554,088 |
| Advertising and promotion | $18,644 |
| Office expenses | $38,119 |
| Information technology | $1,171 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,772 |
| 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 | $22,675 |
| All other expenses | $0 |
| Total functional expenses | $3,299,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,037 |
| Savings and temporary cash investments | $11,040,283 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,908 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $30,000 |
| Other assets | $0 |
| Total assets | $11,123,228 |
| Accounts payable and accrued expenses | $209,088 |
| Grants payable | $140,250 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $349,338 |
| Net assets without donor restrictions | $8,186,462 |
| Net assets with donor restrictions | $2,587,428 |
| 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 | $11,123,228 |
Grants Awarded
Over the last fiscal year, Archewell Inc has awarded $1,073,928 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
WOMENS WELLNESS SPACE PURPOSE: TO CREATE A SAFE SPACE FOCUSED ON WELLNESS FOR WOMEN WHO HAVE EXPERIENCED TRAUMA | $250,000 |
NAACP EMPOWERMENT PROGRAMS INC PURPOSE: TO SUPPORT DIGITAL CIVIL RIGHTS | $125,000 |
THE MARKUP NEWS INC PURPOSE: TO SUPPORT COMMUNITY-BASED JOURNALISM | $90,000 |
OMPRAKASH FOUNDATION (SPONSOR OF HUMANITY CREW) PURPOSE: TO PROVIDE MENTAL HEALTH SUPPORT TO AID WORKERS IN TURKEY AND SYRIA | $80,000 |
URL MEDIA PURPOSE: TO SUPPORT COMMUNITY-BASED JOURNALISM | $75,000 |
SOCIAL AND ENVIRONMENTAL ENTREPRENEURS (FOR SOFT LANDING MISSOULA) PURPOSE: TO BUILD COMMUNITY FOR REFUGEES IN THE WELCOME PROJECT | $29,510 |