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Nonprofiteer
← ARCA FOUNDATION

Form 990 for tax year 2023

Filed by ARCA FOUNDATION.

Totals

Total revenue
$1,170,722
Total expenses
$267,650
Contributions and grants received
$1,001,215
Grants paid
$76,642
Program service revenue
$68,619
Investment income
$100,888
Other revenue
$0
Total assets, end of year
$12,097,898
Total liabilities, end of year
$2,621,923
Net assets or fund balances, end of year
$9,475,975
Program services expenses (Part IX)
$76,642
Management and general expenses
$128,349
Fundraising expenses
$62,659
Program service expenses (Part III)
$76,642

Program services were 28.6% 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

    $1,001,215

  • 1g · Noncash contributions included above

    $69,361

  • 2a · Program service revenue: TRUST FEES

    total $68,143 · related or exempt $68,143

  • 2b · Program service revenue: SALES

    total $476 · related or exempt $476

  • 3 · Investment income

    total $144,007 · excluded $144,007

  • 7a · Gross sales of assets other than inventory

    securities $854,425

  • 7b · Less cost or other basis and sales expenses

    securities $897,544

  • 7c · Gain or loss

    securities -$43,119

  • 7d · Net gain or loss

    total -$43,119 · excluded -$43,119

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $76,642 · program services $76,642

  • 11a · Fees: management

    total $106,582 · management and general $53,291 · fundraising $53,291

  • 11g · Fees: other

    total $64,473 · management and general $64,473

  • 13 · Office expenses

    total $634 · management and general $634

  • 16 · Occupancy

    total $7,167 · management and general $7,167

  • 24a · Other expenses: PUBLIC RELATIONS

    total $9,368 · fundraising $9,368

  • 24b · Other expenses: SUPPLIES FOR PERSONS SERV

    total $2,784 · management and general $2,784

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $505,230 · end of year $611,546

  • 2 · Savings and temporary cash investments

    beginning of year $297,955 · end of year $719,606

  • 3 · Pledges and grants receivable

    beginning of year $18,569 · end of year $17,615

  • 9 · Prepaid expenses and deferred charges

    end of year $10,776

  • 10a · Land, buildings and equipment: cost or other basis

    $1,169,275

  • 10c · Land, buildings and equipment, net

    beginning of year $1,169,275 · end of year $1,169,275

  • 11 · Investments: publicly traded securities

    beginning of year $5,427,074 · end of year $6,474,003

  • 15 · Other assets

    beginning of year $2,975,814 · end of year $3,095,077

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,351

  • 21 · Escrow or custodial account liability

    beginning of year $2,522,341 · end of year $2,621,923

  • 27 · Net assets without donor restrictions

    beginning of year $6,321,044 · end of year $7,913,603

  • 28 · Net assets with donor restrictions

    beginning of year $1,529,181 · end of year $1,562,372

Mission and programs · 2023

Mission

PROVIDE RESOURCES AND SUPPORT TO ARCA. A 501(C)(3) ORGANIZATION AND A RELATED PARTY.

  • 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 600 INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. ADDITIONALLY, ARCA FOUNDATION SOLICITS GRANTS FROM PUBLIC AND PRIVATE SOURCES FOR THE FINANCIAL BENEFIT OF ARCA. THESE GRANTS ARE PAID DIRECTLY TO ARCA AND, THUS, ARE NOT REFLECTED ON ARCA FOUNDATION'S 990. IN THE FISCAL YEAR ENDING JUNE 30, 2024, THOSE GRANTS TOTALED APPROXIMATELY 225,000. IN THE FISCAL YEAR ENDING JUNE 30, 2024, ARCA RECORDED A NET SURPLUS OF 8,766,976. THIS EXTRAORDINARILY HIGH SURPLUS WAS DUE PRIMARILY TO ERC CLAIMS TOTALING 7,519,480 FOR THREE QUARTERS DURING 2021. ARCA RECEIVED PAYMENT FOR THE THIRD QUARTER OF 2021 DURING THE YEAR ENDED JUNE 30, 2024. THE REMAINING RECEIVABLE IN THE AMOUNT OF 4,547,181, WHICH IS NET OF 802,444 IN FEES, IS OUTSTANDING AT JUNE 30, 2024. DUE TO THE HIGH RESULTING SURPLUS, ARCA SIGNIFICANTLY REDUCED ITS REQUEST FOR DISTRIBUTIONS AND FUNDS FROM THE ARCA FOUNDATION DURING THE FISCAL YEAR ENDING JUNE 30, 2024. IN FUTURE YEARS, HOWEVER, ARCA ANTICIPATES IT WILL NEED TO INCREASE ITS REQUESTS FOR FINANCIAL ASSISTANCE FROM THE ARCA FOUNDATION.

    Expenses $76,642 · Grants $76,642

  • 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.

    Revenue $68,143

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kris Stichman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • David Sahd

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Phil Mayo

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Misty Sanders

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Betty Valdez

    IMMED PAST P

    Total calculated
    $0
    Hours/week
    2

  • Maureen Gannon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joey Sanchez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Deann Eaton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gary Bertholf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lori Ferraro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Deevonda Batres

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James Stromberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Edward J Kaul

    CEO/PRESIDEN

    Total calculated
    $161,179
    From this org
    $0
    From related orgs
    $148,194
    Other
    $12,985
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    not reported + $148,194 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $12,985 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $161,179 related

  • Warren Hayslip

    CFO

    Total calculated
    $111,449
    From this org
    $0
    From related orgs
    $100,377
    Other
    $11,072
    Hours/week
    4

  • Michele Cody

    EXECUTIVE DI

    Total calculated
    $112,465
    From this org
    $0
    From related orgs
    $101,825
    Other
    $10,640
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • ARCA

    $76,642

    TO PROVIDE SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
18 March 2025
IRS schema version
2023v6.0
Source object
202511059349301861

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