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Nonprofit · EIN 57-6000066

ARKWRIGHT FOUNDATION

Tax-exempt · SPARTANBURG, SC 29302

Financials

$1.9M$701K2021$1.4M$1.1M2022$642K$1.1M2023$1M$1.2M2024
Revenue Expenses · by fiscal year end
Financials of ARKWRIGHT FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,038,277$1,220,578-$182,301$16,824,516$22,282$16,802,234
December 31, 2023990-PF$642,183$1,149,784-$507,601$16,076,670$3,833$16,072,837
December 31, 2022990-PF (amended)$1,412,593$1,137,829$274,764$17,610,172$8,503$17,601,669
December 31, 2021990-PF (amended)$1,911,812$700,689$1,211,123$18,353,780$2,439$18,351,341
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$404,594
Interest
$57,734
Net gain from sales of assets
$566,491
Other income
$9,458

Expenses

Grants and similar amounts paid
$970,068
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$973,940
Excise tax on investment income
$13,416

Balance sheet and other

Total assets, start of year
$16,076,670
Total assets, end of year
$16,824,516
Total liabilities, end of year
$22,282
Net assets, end of year
$16,802,234
Fair market value of assets
$20,450,396
Qualifying distributions
$973,940
Net investment income
$1,038,277

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.

NameTitleHours / weekCompensation
ML CATES SR
314 SOUTH PINE STREET BUILDING 100, SPARTANBURG, SC 29302
CHAIRMAN0.5$0
WALTER S MONTGOMERY JR
314 SOUTH PINE STREET BUILDING 100, SPARTANBURG, SC 29302
VICE CHAIRMAN0.5$0
990-PF for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
ML CATES SR
314 SOUTH PINE STREET BUILDING 100, SPARTANBURG, SC 29302
CHAIRMAN0.5$0
WALTER S MONTGOMERY JR
314 SOUTH PINE STREET BUILDING 100, SPARTANBURG, SC 29302
VICE CHAIRMAN0.5$0
990-PF for the year ended December 31, 2022: 2 people
NameTitleHours / weekCompensation
ML CATES SR
314 SOUTH PINE STREET BUILDING 100, SPARTANBURG, SC 29302
CHAIRMAN0.5$0
WALTER S MONTGOMERY JR
314 SOUTH PINE STREET BUILDING 100, SPARTANBURG, SC 29302
VICE CHAIRMAN0.5$0
990-PF for the year ended December 31, 2021: 2 people
NameTitleHours / weekCompensation
ML CATES SR
314 SOUTH PINE STREET BUILDING 100, SPARTANBURG, SC 29302
CHAIRMAN0.5$0
WALTER S MONTGOMERY JR
314 SOUTH PINE STREET BUILDING 100, SPARTANBURG, SC 29302
VICE CHAIRMAN0.5$0

Address and contacts

Address (IRS master file)
314 S PINE ST STE 100, SPARTANBURG, SC 29302-2677
Signed the 990-PF
WALTER S MONTGOMERY JR, VICE-CHAIRMAN
Phone
(864) 585-9213
Return prepared by
ELLIOTT DAVIS ADVISORY 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
57-6000066
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
1949
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$16,824,516
Income (IRS master file)
$2,886,164

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,038,277$1,220,578$16,824,516XML
990-TDecember 2024–––IRS
990-PFDecember 2023$642,183$1,149,784$16,076,670XML
990-TDecember 2023–––IRS
990-PFDecember 2022$1,412,593$1,137,829$17,610,172XML
990-TDecember 2022–––IRS
990-PFDecember 2021$1,911,812$700,689$18,353,780XML
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––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 57-6000066).

Questions about ARKWRIGHT FOUNDATION

What is the EIN of ARKWRIGHT FOUNDATION?
The employer identification number (EIN) of ARKWRIGHT FOUNDATION is 57-6000066.
Is ARKWRIGHT FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1949.
Are donations to ARKWRIGHT FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does ARKWRIGHT FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of ARKWRIGHT 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 ARKWRIGHT 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 ARKWRIGHT FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does ARKWRIGHT FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,038,277, expenses of $1,220,578 and total assets of $16,824,516 at year end.

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