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Mount Ararat Discovery Foundation

Tax-deductible

Raleigh, NC501(c)(3)Arts & CultureEIN 47-5291080Revenue $15K in FY2023

On file with the IRSararatdiscovery.org13300 Durant Rd, 27614-9199 · Raleigh, NCTax-exempt since Jun 2016Publicly supported charity — 170(b)(1)(A)(vi)

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To seek out,scientifically test,document and preserve artifacts originating near and from Mount Ararat, Turkey

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $15K a year · 13% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$287K
102% of total assets
Concern: liabilities are 102% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15K
-95% vs prior year
Spent
$8K
To programs
90%
Net assets
−$5K
By yearFY2020–FY2023
Revenue
$15K
FY2023▼ -95%
Tap a bar for its year
Revenue by fiscal year
FY2020$100K
FY2021$59K
FY2022$293K
FY2023$15K
Expenses
$8K
FY2023▼ -98%
Tap a bar for its year
Expenses by fiscal year
FY2020$12K
FY2021$30K
FY2022$358K
FY2023$8K
Net assets
−$5K
FY2023▲ +57%
Tap a bar for its year
Net assets by fiscal year
FY2020$25K
FY2021$53K
FY2022−$12K
FY2023−$5K

From the FY2023 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jun 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $7K Management & general 10% · $808

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Paul Chou
Chairman of the Board
$0Pt VII · Sec A
Mary Kennally
Secretary
$0Pt VII · Sec A
Mollie Faison
Board Member
$0Pt VII · Sec A
Shirley Chu
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Paul Chou
Chairman of the Board
$0Pt VII · Sec A
Mary Kennally
Secretary
$0Pt VII · Sec A
Mollie Faison
Board Member
$0Pt VII · Sec A

Philip Williams’s $33K as Advisor is at the 88th percentile of top reported officer pay among 250 <$100K arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Mount Ararat Discovery Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II8 listed

Programs and updates

Preserves and documents artifacts from Mount Ararat, Turkey through scientific testing.

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Provided by the organization

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2 programs · $14K · in their own filed words · FY2023
01

With the support of Andrews University, Mount Ararat Discovery Foundation cohosted a conference with Parachute Company in Tbilisi, Georgia for a conference with the past partners since 2015 and negotiated with Turkish Government officials in Istanbul Turkey for a future plan to have an exhibit in Charlotte, NC to show the future…

$7Kprogram expense
02

With the support of Andrews University, Mount Ararat Discovery Foundation cohosted a conference with Parachute Company in Tbilisi, Georgia for a conference with the past partners since 2015 and negotiated with Turkish Government officials in Istanbul Turkey for a future plan to have an exhibit in Charlotte, NC to show the future…

$7Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $20K · 2022–2022
Our Common Road INCCA · FY2022$20,000

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$15K
Ln 12
Gifts and grantsLn 1h$15K
Money outPt IX
$8K
Ln 25
Programscol B$7K
Managementcol C$808
Owns and owesPt X
−$5K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$282K
LiabilitiesLn 26$287K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15K
Total revenueLn 12$15K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$5K
Total assetsLn 16$282K
LiabilitiesLn 26$287K
Net assetsLn 32−$5K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $15K$8K$7K−$5K 990 PDF
FY2022 $293K$358K−$65K−$12K 990 PDF
FY2021 $59K$30K$29K$53K 990 PDF
FY2020 $100K$12K$88K$25K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support O · Explanations
See the full FY2023 990 (1 part)
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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