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Nonprofiteer
← FOUNDATION OF THE ARC OF NORTHERN VIRGINIA

Form 990 for tax year 2024

Filed by FOUNDATION OF THE ARC OF NORTHERN VIRGINIA.

Totals

Total revenue
$816,010
Total expenses
$827,652
Contributions and grants received
$75,884
Grants paid
$80,515
Program service revenue
$679,349
Investment income
$60,777
Other revenue
$0
Total assets, end of year
$2,018,773
Total liabilities, end of year
$19,955
Net assets or fund balances, end of year
$1,998,818
Program services expenses (Part IX)
$738,266
Management and general expenses
$89,386
Fundraising expenses
$0
Program service expenses (Part III)
$738,266

Program services were 89.2% 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

    $75,884

  • 2a · Program service revenue: Trust Fees

    total $679,349 · related or exempt $679,349

  • 3 · Investment income

    total $59,285 · excluded $59,285

  • 7a · Gross sales of assets other than inventory

    securities $284,601

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

    securities $283,109

  • 7c · Gain or loss

    securities $1,492

  • 7d · Net gain or loss

    total $1,492 · excluded $1,492

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $80,515 · program services $80,515

  • 11a · Fees: management

    total $642,852 · program services $642,852

  • 11c · Fees: accounting

    total $54,345 · management and general $54,345

  • 12 · Advertising and promotion

    total $6,475 · program services $6,475

  • 22 · Depreciation, depletion and amortization

    total $3,386 · management and general $3,386

  • 24a · Other expenses: Admin Expense

    total $25,995 · management and general $25,995

  • 24b · Other expenses: Bad Debt

    total $8,424 · program services $8,424

  • 24c · Other expenses: Bank Fees

    total $5,660 · management and general $5,660

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $278,471 · end of year $189,303

  • 2 · Savings and temporary cash investments

    beginning of year $25,310 · end of year $105,733

  • 4 · Accounts receivable

    beginning of year $31,745 · end of year $74,533

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,039 · end of year $4,743

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

    $111,956

  • 10b · Land, buildings and equipment: accumulated depreciation

    $100,659

  • 10c · Land, buildings and equipment, net

    beginning of year $14,683 · end of year $11,297

  • 11 · Investments: publicly traded securities

    beginning of year $1,591,744 · end of year $1,633,164

  • 15 · Other assets

    beginning of year $72 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,784 · end of year $807

  • 19 · Deferred revenue

    beginning of year $8,650 · end of year $9,950

  • 25 · Other liabilities

    beginning of year $31,292 · end of year $9,198

  • 27 · Net assets without donor restrictions

    beginning of year $1,905,338 · end of year $1,998,818

Mission and programs · 2024

Mission

The Foundation supports The Arc of Northern Virginia ("The Arc"). This is accomplished by managing an endowment fund investment portfolio, providing special needs trust oversight, offering strategic and operational business advice, (Continued on Schedule O)and providing entree to individuals and organizations to support The Arc. The Foundation works to ensure a secure financial future for The Arc to enable The Arc to fulfill its mission to promote and protect the human rights of people with intellectual and developmental disabilities and actively support their full inclusion and participation in the community throughout their lifetimes.

Activities or mission (Part I)

To promote lifelong opportunities for all individuals with developmental disabilities.

  • Special Needs Trust - The Foundation oversees special needs trust management services that provide individuals with disabilities and their family members with future planning options to ensure the needs of individuals with disabilities are adequately provided for. The Special Needs Trust Program provides professional management and support services.

    Expenses $657,751 · Revenue $679,349

  • Financial and Business Guidance - The Foundation serves as a source of financial support to The Arc, manages an endowment fund investment portfolio to support The Arc, and supports The Arc's fundraising activities. The Foundation provides guidance to ensure the long-term security of The Arc.

    Expenses $80,515 · Grants $80,515

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Melissa Heifetz

    Executive Director

    Total calculated
    $161,844
    From this org
    $0
    From related orgs
    $158,300
    Other
    $3,544
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,300 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,544 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $161,844 related

  • Douglas M Church Jr

    Chair

    Total calculated
    $0
    Hours/week
    3 + 2 related

  • Alexander Yellin

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Alan Harbitter

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Zoskey

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jouya Rastegar

    Director

    Total calculated
    $0
    Hours/week
    0.5

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

None.

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

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
2024
Filed
21 April 2026
IRS schema version
2024v5.5
Source object
202621129349300622

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