Nonprofit · EIN 04-6155695
MARY ALICE ARAKELIAN FOUNDATION
Tax-exempt · NEWBURYPORT, MA 01950
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $456,226 | $713,276 | -$257,050 | $5,670,597 | $0 | $5,670,597 |
| December 31, 2023 | 990-PF | $249,716 | $489,185 | -$239,469 | $5,927,647 | $0 | $5,927,647 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $194,742
- Net gain from sales of assets
- $261,484
Expenses
- Grants and similar amounts paid
- $627,697
- Compensation of officers, directors and key employees
- $18,000
- Disbursements for charitable purposes
- $666,725
- Excise tax on investment income
- $5,694
Balance sheet and other
- Total assets, start of year
- $5,927,647
- Total assets, end of year
- $5,670,597
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,670,597
- Fair market value of assets
- $8,118,968
- Qualifying distributions
- $666,725
- Net investment income
- $456,226
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark F Welch 24 Purington Lane, Hampton, NH 03842 | Co-Trustee | 1 | $18,000 |
| Kimberly A Rock PO Box 54, Byfield, MA 01922 | Co-Trustee | 1 | $0 |
| Anna Makos 81 State Street, Newburyport, MA 01950 | Co-Trustee | 1 | $0 |
| John F Leary III PO Box 523, Newburyport, MA 01950 | Co-Trustee | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark F Welch 24 Purington Lane, Hampton, NH 03842 | Co-Trustee | 1 | $18,000 |
| Mary E Larnard 65 South Hampton Road, Amesbury, MA 01913 | Co-Trustee | 1 | $12,000 |
| Kimberly A Rock PO Box 54, Byfield, MA 01922 | Co-Trustee | 1 | $0 |
| John F Leary III PO Box 523, Newburyport, MA 01950 | Co-Trustee | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 695, NEWBURYPORT, MA 01950-0895
- In care of
- % FLEET INVESTMENT SERVICES
- Signed the 990-PF
- Mark F Welch, Co-Trustee
- Phone
- (978) 376-8887
- Return prepared by
- FRITZ DEGUGLIELMO LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 04-6155695
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1967
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $5,670,597
- Income (IRS master file)
- $1,656,970
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $456,226 | $713,276 | $5,670,597 | XML |
| 990-PF | December 2023 | $249,716 | $489,185 | $5,927,647 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-6155695).
Questions about MARY ALICE ARAKELIAN FOUNDATION
- What is the EIN of MARY ALICE ARAKELIAN FOUNDATION?
- The employer identification number (EIN) of MARY ALICE ARAKELIAN FOUNDATION is 04-6155695.
- Is MARY ALICE ARAKELIAN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1967.
- Are donations to MARY ALICE ARAKELIAN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MARY ALICE ARAKELIAN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MARY ALICE ARAKELIAN FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARY ALICE ARAKELIAN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of MARY ALICE ARAKELIAN FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $18,000 (Mark F Welch, Co-Trustee).
- How much revenue does MARY ALICE ARAKELIAN FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $456,226, expenses of $713,276 and total assets of $5,670,597 at year end.
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