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Arnold & Itkin Foundation EIN 83-0962641 Form 990 (PDF) Claim this org

Arnold & Itkin Foundation FY2021 filing

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A private foundation based in Houston, TX. It reported about $47K in revenue for 2021. For fiscal year 2021 it reported $47K in revenue, $160K in expenses, and $33K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Houston, TX
Filings
5 on file (2020–2021)
Revenue
$47KFY2021
Expenses
$160K
Net assets
$33K
People
0
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-0962641 Private foundation / grantmaker Houston, TX
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
A private foundation based in Houston, TX. It reported about $47K in revenue for 2021.
Money in and out
$47K revenue, $160K expenses
Bottom line
—
Grants paid & assets · FY2021
Total revenue
$47K
Pt VIII · Ln 12
Total expenses
$160K
Pt IX · Ln 25
Net assets
$33K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$112K
Total assets
33K
deployed as grants and operations
Grants paid
157K
in FY2021
Grants made
38grants
total in period
Payout rate
473%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 38 grants · $263K · 2024–2024
The Monarch School & InstituteFY2024$135,000
CEO FoundationFY2024$15,000
Kids' Meals INCFY2024$14,350
Pink Bows Foundation- Bingo SponsorshipFY2024$10,000
Precinct 4 ForwardFY2024$10,000
Small Steps Nurtuing CenterFY2024$10,000
SafsnFY2024$8,000
L S U FoundationLA · FY2024$5,250
Pasedena Memorial Hs SoftballFY2024$5,000
Sabine Parish School BoardFY2024$5,000
Southern University Law CenterFY2024$5,000
Big Buddy ProgramLA · FY2024$5,000
McCalla Youth Athletic AssociationFY2024$5,000
Fever United Soccer ClubFY2024$5,000
DsaswlaFY2024$1,500
Strikers Elite FcFY2024$1,500
Deer Park ElementaryFY2024$1,400
The Houston Food BankTX · FY2024$1,400
See all 38 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV5
Average grantPart XV$7K
Median grantPart XV$1K
Largest grantPart XV$135K
Top cause focusNTEEEducation (3%)

Summary of the Filing

Part I · fiscal year 2021 · Form 990-PF
Revenue
$47K
FY2021▼ -85%
Expenses
$160K
FY2021▲ +14%
Total assets
$33K
FY2021▼ -77%
Total liabilities
$0
FY2021
Total revenue
$47K
Pt VIII · Ln 12
Total expenses
$160K
Pt IX · Ln 25
Net assets
$33K
Pt X · Ln 32
Total assetsPt II$33K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CArnold & Itkin Foundation
EINHdr · item D83-0962641
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFDec 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Arnold & Itkin Foundation executive salaries →

Statement of Revenue

Part VIII
Investment income100%$47K
Total revenueLn 12$47K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.98 Operating & administrative $0.02
Grants & contributions paid98%$157K
Operating & administrative2%$3K
Total functional expensesLn 25$160K

Balance Sheet

Part X · end of year
CashLn 1$733
Total assetsLn 16$33K
Total liabilitiesLn 26$0
Total net assetsLn 32$33K
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $33K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $47K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $47K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $47K · Prior year $326K
-85%
Net-asset trend (YoY)
End of year $33K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $47K · Expenses $160K
-237%
Liabilities-to-Assets
Total liabilities — · Total assets $33K
—
Net-asset ratio
Net assets $33K · Total assets $33K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $160K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -85%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$416K revenue · ⤓ 990 PDF
FY2023$186K revenue · ⤓ 990 PDF
FY2022$461K revenue · ⤓ 990 PDF
FY2021$47K revenue · viewing · ⤓ 990 PDF
FY2020$326K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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