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Mary Alice Arakelian Foundation

Mary Alice Arakelian Foundation

Newburyport, MA, US
501(c)3
EIN
04-6155695
Open for Solicitation
Private Foundation
Regional Funder
funder logo

Mary Alice Arakelian Foundation

Newburyport, MA, US
501(c)3
EIN
04-6155695
Open for Solicitation
Private Foundation
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$456,226

Other
57%
Investments
43%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$713,276

Grants
88%
Fees to Service Providers
7%
Salaries & Benefits
3%
Other
1%
Offices, Occupancy & IT
1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$185,787
$194,742
+5%
Other
$63,929
$261,484
+309%
Total Revenues
$249,716
$456,226
+83%
Expenses
2023
2024
Change
Grants
$390,065
$627,697
+61%
Benefits to Members
$0
$0
-
Salaries & Benefits
$30,000
$18,000
-40%
Fees to Service Providers
$40,202
$48,651
+21%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$8,680
$9,170
+6%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$20,238
$9,758
-52%
Total Expenses
$489,185
$713,276
+46%
Net income
2023
2024
Change
Net income
-$239,469
-$257,050
-7%
Income Statement
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