Nonprofit · EIN 77-0404924
ARKAY FOUNDATION
Tax-exempt · BERKELEY, CA 94710
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $951,628 | $1,092,497 | -$140,869 | $17,128,302 | $24,565 | $17,103,737 |
| December 31, 2023 | 990-PF | $417,673 | $1,058,779 | -$641,106 | $16,337,912 | $20,450 | $16,317,462 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $325,251
- Interest
- $36,325
- Net gain from sales of assets
- $587,995
- Other income
- $2,057
Expenses
- Grants and similar amounts paid
- $820,000
- Disbursements for charitable purposes
- $933,328
- Excise tax on investment income
- $11,497
Balance sheet and other
- Total assets, start of year
- $16,337,912
- Total assets, end of year
- $17,128,302
- Total liabilities, end of year
- $24,565
- Net assets, end of year
- $17,103,737
- Fair market value of assets
- $17,128,302
- Qualifying distributions
- $933,328
- Net investment income
- $976,926
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 |
|---|---|---|---|
| David Goldschmidt 127 University Avenue, Berkeley, CA 94710 | Pres/Dir | 3 | $0 |
| Susan Reed Clark 127 University Avenue, Berkeley, CA 94710 | Treas/Dir | 2 | $0 |
| Laura Flanagan 127 University Avenue, Berkeley, CA 94710 | Sect'y/Dir | 1 | $0 |
| Karen M Kahn 127 University Avenue, Berkeley, CA 94710 | Director | 1 | $0 |
| Marian Penn 127 University Avenue, Berkeley, CA 94710 | Director | 1 | $0 |
| William H Soskin Esq 127 University Avenue, Berkeley, CA 94710 | Director | 2 | $0 |
| Michael Kieschnick 127 University Avenue, Berkeley, CA 94710 | Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Goldschmidt 127 University Avenue, Berkeley, CA 94710 | Pres/Dir | 3 | $0 |
| Susan Reed Clark 127 University Avenue, Berkeley, CA 94710 | Treas/Dir | 2 | $0 |
| Laura Flanagan 127 University Avenue, Berkeley, CA 94710 | Sect'y/Dir | 1 | $0 |
| Karen M Kahn 127 University Avenue, Berkeley, CA 94710 | Director | 1 | $0 |
| Marian Penn 127 University Avenue, Berkeley, CA 94710 | Director | 1 | $0 |
| William H Soskin Esq 127 University Avenue, Berkeley, CA 94710 | Director | 2 | $0 |
| Michael Kieschnick 127 University Avenue, Berkeley, CA 94710 | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 127 UNIVERSITY AVE, BERKELEY, CA 94710-1616
- Signed the 990-PF
- Michael Kieschnick, President
- Phone
- (510) 841-4025
- Website
- www.ArkayFoundation.org
- Return prepared by
- Fontanello Duffield & Otake LLP
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
- 77-0404924
- 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
- 1995
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99Z)
- Assets (IRS master file)
- $17,128,302
- Income (IRS master file)
- $2,714,220
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $951,628 | $1,092,497 | $17,128,302 | XML |
| 990-PF | December 2023 | $417,673 | $1,058,779 | $16,337,912 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about ARKAY FOUNDATION
- What is the EIN of ARKAY FOUNDATION?
- The employer identification number (EIN) of ARKAY FOUNDATION is 77-0404924.
- Is ARKAY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to ARKAY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ARKAY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ARKAY 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 ARKAY 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 ARKAY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does ARKAY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $951,628, expenses of $1,092,497 and total assets of $17,128,302 at year end.
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All nonprofits in BERKELEY · California · Philanthropy, voluntarism and grantmaking foundations