Aramli Foundation
- Assets
- $154.0
- Revenue
- $118.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, RI
- Founding
- Data as of
- 12/2022
- EIN
- 85-4330896
Organization Overview
Aramli Foundation is located in Newport, RI. 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. Aramli 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 12/2022, Aramli Foundation generated $118.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.3% each year . All expenses for the organization totaled $121.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Aramli Foundation has awarded 20 individual grants totaling $229,457. 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 |
|---|---|---|---|
Mark Aramli Trustee | 1 | $0 | |
Ida Aramli Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $118,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,610 |
| Total operating and administrative expenses | $3,145 |
| Contributions, gifts, grants paid | $118,539 |
| Total expenses and disbursements | $121,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $154 |
| 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, Aramli Foundation has awarded $118,539 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN & FAMILY AGENCY PURPOSE: CHARITY GRANT | $35,000 |
EAST BAY COMMUNITY ACTION PROGRAM PURPOSE: CHARITY GRANT | $250 |
MLK COMMUNITY CENTER PURPOSE: HOT MEALS | $50,000 |
BOYS AND GIRLS CLUB OF NEWPORT PURPOSE: CHARITY GRANT | $3,000 |
HOMELESS DONATION PURPOSE: HOTEL FOR HOMELESS | $789 |
NEWPORT HOSPITAL FOUNDATION PURPOSE: CHARITY GRANT | $12,500 |