Form 990 for tax year 2022
Filed by AMERICAN RENTAL ASSOCIATION FOUNDATION.
Totals
- Total revenue
- $153,165
- Total expenses
- $346,138
- Contributions and grants received
- $117,674
- Grants paid
- $113,000
- Program service revenue
- $0
- Investment income
- $35,491
- Other revenue
- $0
- Total assets, end of year
- $1,435,171
- Total liabilities, end of year
- $16,567
- Net assets or fund balances, end of year
- $1,418,604
- Program services expenses (Part IX)
- $318,044
- Management and general expenses
- $28,094
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $318,044
Program services were 91.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$117,674
-
3 · Investment income
total $30,425 · excluded $30,425
-
7a · Gross sales of assets other than inventory
securities $256,083
-
7b · Less cost or other basis and sales expenses
securities $251,017
-
7c · Gain or loss
securities $5,066
-
7d · Net gain or loss
total $5,066 · excluded $5,066
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $113,000 · program services $113,000
-
11f · Fees: investment management
total $614 · management and general $614
-
12 · Advertising and promotion
total $26,560 · program services $26,560
-
13 · Office expenses
total $4,070 · program services $2,035 · management and general $2,035
-
17 · Travel
total $22,630 · management and general $22,630
-
24a · Other expenses: COMMUNITY IMPACT
total $103,979 · program services $103,979
-
24b · Other expenses: ARA PROGRAM SUPPORT
total $64,734 · program services $64,734
-
24c · Other expenses: TRAINING
total $14,236 · program services $14,236
-
24d · Other expenses: MISCELLANEOUS
total $2,815 · management and general $2,815
-
24e · All other expenses
total -$6,500 · program services -$6,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $206,800 · end of year $60,349
-
2 · Savings and temporary cash investments
beginning of year $74,111 · end of year $29,110
-
4 · Accounts receivable
beginning of year $42,370 · end of year $20,029
-
11 · Investments: publicly traded securities
beginning of year $1,423,752 · end of year $1,324,789
-
15 · Other assets
beginning of year $894 · end of year $894
-
17 · Accounts payable and accrued expenses
beginning of year $7,207 · end of year $16,567
-
27 · Net assets without donor restrictions
beginning of year $1,514,158 · end of year $1,247,042
-
28 · Net assets with donor restrictions
beginning of year $226,562 · end of year $171,562
Mission and programs · 2022
Mission
TO DEVELOP AND IMPLEMENT PROGRAMS THAT CREATE EDUCATIONAL OPPORTUNITIES, BUILD RELATIONSHIPS AND AID THE RENTAL INDUSTRY.
-
SCHOLARSHIP PROGRAM - OFFER SCHOLARSHIPS TO INDIVIDUALS ASSOCIATED WITH THE RENTAL BUSINESS. MARKET AND DISPERSE APPLICATIONS, COLLECT AND EVALUATE APPLICATIONS AND AWARD THE SCHOLARSHIPS.
Expenses $125,678 · Grants $113,000
-
COMMUNITY IMPACT PROGRAM-IN PARTNERSHIP WITH TORO COMPANY FOUNDATION, THE COMMUNITY IMPACT PROGRAM GIVES BACK TO COMMUNITIES ACROSS THE COUNTRY THROUGH VARIOUS RENTAL-RELATED PROJECTS.
Expenses $117,861
-
DISASTER RELIEF PROGRAM - THIS PROGRAM PROVIDES ASSISTANCE TO RENTAL STORES THAT HAVE SUSTAINED A NATURAL DISASTER.
Expenses -$6,500
-
TECHNICAL TRAINING GRANTS - GRANTS TO RENTAL BUSINESS OWNERS TO ASSIST WITH PROVIDING TECHNICAL TRAINING TO THEIR EMPLOYEES.
Expenses $81,005
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Fred DupyFRED DUPY
TRUSTEE-AT-LARGE
- Total calculated
- $0
- Hours/week
- 2
-
Dan HooksDAN HOOKS
TRUSTEE/ARA BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Liz DavisLIZ DAVIS
TRUSTEE-AT-LARGE
- Total calculated
- $0
- Hours/week
- 2
-
Rafael GarzarelliRAFAEL GARZARELLI
TRUSTEE-AT-LARGE
- Total calculated
- $0
- Hours/week
- 2
-
David AndrewsDAVID ANDREWS
TRUSTEE-AT-LARGE
- Total calculated
- $0
- Hours/week
- 2
-
Steve MauSTEVE MAU
TRUSTEE/ARA PRESIDENT-ELEC
- Total calculated
- $0
- Hours/week
- 2
-
Tony ConantTONY CONANT
TRUSTEE/ARA CEO
- Total calculated
- $0
- Hours/week
- 2
-
Tony WrightTONY WRIGHT
CHAIR/TRUSTEE-AT-LARGE
- Total calculated
- $0
- Hours/week
- 2
-
Kelly DwyerKELLY DWYER
VICE CHAIR/ TRUSTEE-AT-LAR
- Total calculated
- $0
- Hours/week
- 2
-
Marcy WrightMARCY WRIGHT
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lisa CarlinLISA CARLIN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Tracy JohannsenTRACY JOHANNSEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313119349303646
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