Nonprofit · EIN 84-3666714
ARES CHARITABLE FOUNDATION
Tax-exempt · LOS ANGELES, CA 90067
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $13,896,261 | $13,286,086 | $610,175 | $1,420,029 | $2,980,485 | -$1,560,456 |
| December 31, 2023 | 990 | $10,703,593 | $13,620,769 | -$2,917,176 | $3,316,227 | $5,486,858 | -$2,170,631 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $13,896,517
- Program service revenue
- $0
- Investment income
- -$256
- Net gain from sales of assets
- -$386
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $11,230,511
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,531
- Accounting fees
- $29,529
- Travel
- $291,645
- Program services (functional)
- $12,386,051
- Management and general (functional)
- $900,035
Balance sheet and other
- Total assets, start of year
- $3,316,227
- Total assets, end of year
- $1,420,029
- Total liabilities, end of year
- $2,980,485
- Net assets, end of year
- -$1,560,456
- Net assets without donor restrictions
- -$1,560,456
- Gross receipts
- $14,022,085
- Employees
- 0
- Volunteers
- 50
- Year formed
- 2019
- State of legal domicile
- DE
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL AROUGHETI | PRESIDENT Trustee or director, Officer | 1 | $0 |
| GREGORY MARGOLIES | TREASURER Trustee or director, Officer | 1 | $0 |
| MICHAEL D WEINER | SECRETARY Trustee or director, Officer | 1 | $0 |
| CAROLINE BLAKELY | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE ARMSTRONG | PRESIDENT Officer | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL AROUGHETI | PRESIDENT Trustee or director, Officer | 1 | $0 |
| GREGORY MARGOLIES | TREASURER Trustee or director, Officer | 1 | $0 |
| MICHAEL D WEINER | SECRETARY Trustee or director, Officer | 1 | $0 |
| CAROLINE BLAKELY | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE ARMSTRONG | PRESIDENT Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1800 AVENUE OF THE STARS SUITE 140, LOS ANGELES, CA 90067-4201
- Mailing address (990-N for 2019)
- 2000 AVE OF THE STARS 12TH FLR, LOS ANGELES CA 900674733
- Principal officer (990 for 2024)
- MICHAEL WEINER, 1800 AVENUE OF THE STARS SUITE 1400, LOS ANGELES, CA 90067
- Principal officer (990-N for 2019)
- Michael Weiner, 2000 AVE OF THE STARS 12TH FLR, LOS ANGELES CA 900674733
- Signed the 990
- MICHAEL WEINER, SECRETARY
- Phone
- (424) 285-2736
- Website
- WWW.ARESFOUNDATION.ORG
- Return prepared by
- VASQUEZ COMPANY LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 84-3666714 or by the name ARES CHARITABLE FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE GENERAL PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE: (A) TO ENGAGE IN CHARITABLE ACTIVITIES CONSISTENT WITH THE PHILANTHROPIC OBJECTIVES OF ARES MANAGEMENT AND ITS FOUNDERS AND EMPLOYEES, WITH A FOCUS ON EDUCATION, HEALTH CARE, ENVIRONMENTAL AND SOCIAL CONCERNS; (B) TO SOLICIT, RECEIVE, AND ACCEPT DONATIONS, GIFTS, BEQUESTS, GRANTS, INCOME AND OTHER THINGS OF VALUE; (C) TO ENGAGE IN GRANT-MAKING TO UNRELATED ORGANIZATIONS AND INSTITUTIONS FOR CHARITABLE PURPOSES WITH A FOCUS ON EDUCATION, HEALTH CARE, ENVIRONMENTAL AND SOCIAL CONCERNS; AND (D) TO ENGAGE, WHETHER ALONE OR IN CONJUNCTION WITH OTHERS, DIRECTLY OR INDIRECTLY, IN ANY OTHER LAWFUL ACT OR ACTIVITY FOR WHICH CORPORATIONS MAY BE ORGANIZED UNDER THE DGCL, AND BY VIRTUE OF SUCH STATEMENT ALL LAWFUL ACTS AND ACTIVITIES SHALL BE WITHIN THE PURPOSES OF THE CORPORATION, EXCEPT FOR EXPRESS LIMITATIONS, IF ANY.
Program accomplishments
- WE ENVISION A WORLD IN WHICH EQUITABLE ACCESS TO KNOWLEDGE, RESOURCES, AND OPPORTUNITIES ENABLES PEOPLE TO ACHIEVE THEIR FULL POTENTIAL. THE ARES CHARITABLE FOUNDATION STRIVES TO ACCELERATE EQUALITY OF ECONOMIC OPPORTUNITY THROUGH GRANTS THAT PROVIDE CAREER PREPARATION AND RESKILLING, ENCOURAGE ENTREPRENEURSHIP, AND SUPPORT CLIMATE-RESILIENT JOBS. OUR STRATEGIC GRANTMAKING HELPS ADDRESS CRITICAL SOCIETAL ISSUES TO MAKE A MEASURABLE, MEANINGFUL, AND SUSTAINED DIFFERENCE. OUR PARTNERSHIPS WITH SOME OF THE WORLD'S LEADING NONPROFITS STRIVE TO HELP CLOSE THE WIDENING WEALTH GAP A DISPARITY THAT OFTEN THREATENS BASIC HUMAN DIGNITY AND SURVIVAL. OUR 2024 GRANT-MAKING PROGRAMS INCLUDED THE FOLLOWING GRANTS AND INITIATIVES: ALT FINANCE CORPORATION. INVESTING IN BLACK FUTURES. THIS INITIATIVE IS DESIGNED TO DIVERSIFY THE ALTERNATIVE INVESTMENT INDUSTRY BY ATTRACTING, TRAINING, AND PROVIDING CAREER OPPORTUNITIES FOR COLLEGE STUDENTS ATTENDING HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. THE INITIATIVE HAS THREE PRIMARY COMPONENTS: (1) A MENTORED FOLLOWSHIP PROGRAM; (2) A TAILORED VIRTUAL INSTITUTE, AND (3) A SCHOLARSHIP PROGRAM. DURING 2024, A TOTAL OF 133 COLLEGE STUDENTS PARTICIPATED IN THIS U.S. BASED PROGRAMExpenses $3,308,679 · grants $3,000,000
- .JOBS FOR THE FUTURE (JFF). THIS INITIATIVE IS DESIGNED TO HELP INDIVIDUALS PREPARE FOR CLIMATE-RESILIENT JOBS IN THE UNITED STATES AS WELL AS IDENTIFY LEADING TRAINING PROVIDERS, ORGANIZATIONS, AND BEST PRACTICES TO DESIGN PATHWAYS TO THOSE CAREER OPPORTUNITIES. THIS INITIATIVE IS ON TRACK TO FACILITATE EDUCATION AND TRAINING FOR 25,000 INDIVIDUALS.Expenses $4,832,014 · grants $4,381,218
- WORLD RESOURCES INSTITUTE (WRI): THIS INITIATIVE IS DESIGNED TO HELP BUILD THE RESILIENCE OF INDIA'S MICRO, SMALL, AND MEDIUM ENTERPRISES IN TWO STATES TO FUTURE-PROOF THEIR BUSINESS MODELS WITHIN A CHANGING CLIMATE. THIS IS A FIVE-YEAR INITIATIVE ON TRACK TO PROVIDE EDUCATION AND TRAINING TO 1,000 INDIVIDUALS IN INDIA.Expenses $1,323,573 · grants $1,200,092
- OTHER GRANTSExpenses $2,921,785 · grants $2,649,202
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-3666714
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $1,420,029
- Income (IRS master file)
- $14,022,085
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $13,896,261 | $13,286,086 | $1,420,029 | XML |
| 990 | December 2023 | $10,703,593 | $13,620,769 | $3,316,227 | XML |
| 990 | December 2022 | $4,895,656 | $5,992,890 | $1,689,267 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Michael Weiner | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 84-3666714).
Questions about ARES CHARITABLE FOUNDATION
- What is the EIN of ARES CHARITABLE FOUNDATION?
- The employer identification number (EIN) of ARES CHARITABLE FOUNDATION is 84-3666714.
- Is ARES CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to ARES CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ARES CHARITABLE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ARES CHARITABLE 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 ARES CHARITABLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ARES CHARITABLE FOUNDATION?
- The 990 for the year ended December 31, 2024 names MICHAEL WEINER.
- Who are the officers and directors of ARES CHARITABLE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does ARES CHARITABLE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $13,896,261, expenses of $13,286,086 and total assets of $1,420,029 at year end.
Other nonprofits in LOS ANGELES
- J PAUL GETTY TRUST EIN 95-1790021 · last filed 990-PF for 2025
- WILLIAM AND BARBARA MARTIN FOUNDATION EIN 93-2687518 · last filed 990-PF for 2024
- CALIFORNIA COMMUNITY FOUNDATION EIN 95-3510055 · last filed 990 for 2025
- ST JOHNS COMMUNITY HEALTH EIN 95-4067758 · last filed 990 for 2025
- W M KECK FOUNDATION EIN 95-6092354 · last filed 990-PF for 2024
- JEWISH COMMUNITY FDN OF THE JEWISH FEDERATION COUNCIL OF GREATER LA EIN 95-6111928 · last filed 990 for 2024
- THE CALIFORNIA ENDOWMENT EIN 95-4523232 · last filed 990-PF for 2024
- BROAD FOUNDATION EIN 95-4686318 · last filed 990-PF for 2024
All nonprofits in LOS ANGELES · California · Philanthropy, voluntarism and grantmaking foundations