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Arkanum FY2023 filing

Tax-deductible

Arlington, MA501(c)(3)Youth DevelopmentEIN 83-2201917

To develop well-around young-americans through mentorships so that they become agetns of positive change in their communities while remaining faithfule to values and eithcs

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $36K a year · 7% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $277K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$497K
+73% vs prior year
Spent
$381K
To programs
62%
Net assets
$169K
By yearFY2020–FY2024
Revenue
$497K
FY2023▲ +73%
Revenue by fiscal year
FY2020$161K
FY2021$121K
FY2022$288K
FY2023$497K
FY2024$756K
Expenses
$381K
FY2023▲ +60%
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$238K
FY2023$381K
FY2024$813K
Net assets
$169K
FY2023▲ +218%
Net assets by fiscal year
FY2020$3K
FY2021$4K
FY2022$53K
FY2023$169K
FY2024$111K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2020.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $238K Management & general 38% · $143K

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Arkanum 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

Programs and updates

Develops well-rounded young Americans through mentorships to become agents of positive change.

Provided by the organization

This section is blank until Arkanum claims this page.

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3 program services account for $238K of program spending, described in the organization's own filed words · FY2023.
01

International Trip

Volunteering and educational

$163Kprogram expense
02

4 domistice retreats

$59Kprogram expense
03

Weely Camp Meetings

Memeberships

$15Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$163K
American Online Giving Foundation INCFY2024$53K
Alsawalhi Charitable FoundationFY2024$50K
Islamic Relief USAFY2024$10K
Total grants receivedfrom 4 funders$277K
See all 4 funders →

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$497K
Ln 12
Gifts and grantsLn 1h$497K
Money outPt IX
$381K
Ln 25
Programscol B$238K
Managementcol C$143K
Owns and owesPt X
$169K
net assets · Ln 32
Cash and savingsLn 1–2$174K
Total assetsLn 16$174K
LiabilitiesLn 26$5K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$497K
Total revenueLn 12$497K
Assets in detailPt X, end of year
CashLn 1$174K
Cash and savings togetherLn 1–2$174K
Total assetsLn 16$174K
LiabilitiesLn 26$5K
Net assetsLn 32$169K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$57K$174K
Total assetsLn 16$57K$174K
LiabilitiesLn 26$4K$5K
Net assetsLn 32$53K$169K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$94K$0$94K$0
Accounting feesLn 11c$3K$0$3K$0
Other fees for servicesLn 11g$10K$0$10K$0
TravelLn 17$239K$238K$1K$0
Payments to affiliatesLn 21$20K$0$20K$0
Other expenses (24a–d)Ln 24$15K$0$15K$0
Total functional expensesLn 25$381K$238K$143K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $756K$813K−$58K$111K 990 PDF
FY2023 Viewing $497K$381K$116K$169K 990 PDF
FY2022 $288K$238K$49K$53K 990 PDF
FY2021 $121K$4K 990 PDF
FY2020 $161K$3K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $497,110 across 3 lines filed
VIII-1f All other contributions, gifts and grants$497,110
VIII-1h Total contributions, gifts and grants$497,110
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$497,110
Part IX · Statement of functional expenses $381,087 across 6 lines filed
IX-11a Management feesPrograms $0 · Management $94,371 · Fundraising $0$94,371
IX-11c Accounting feesPrograms $0 · Management $2,700 · Fundraising $0$2,700
IX-11g Other fees for servicesPrograms $0 · Management $10,455 · Fundraising $0$10,455
IX-17 TravelPrograms $237,607 · Management $1,030 · Fundraising $0$238,637
IX-21 Payments to affiliatesPrograms $0 · Management $20,000 · Fundraising $0$20,000
IX-24 Other expenses (24a–d)Programs $0 · Management $14,924 · Fundraising $0$14,924
IX-25 Total functional expensesPrograms $237,607 · Management $143,480 · Fundraising $0$381,087
Part X · Balance sheet $174,157 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $56,928$174,157
X-16 Total assetsStart of year $56,928$174,157
X-17 Accounts payable and accrued expensesStart of year $3,719$5,089
X-26 Total liabilitiesStart of year $3,719$5,089
X-32 Total net assets or fund balancesStart of year $53,209$169,068
X-33 Total liabilities and net assetsStart of year $56,928$174,157
Part XI · Reconciliation of net assets $169,068 net assets at year end
XI-1 Total revenue$497,110
XI-2 Total expenses$381,087
XI-3 Revenue less expenses$116,023
XI-4 Net assets at start of year$53,209
XI-10 Net assets at end of year$169,068

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

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