Overview
What is Three Arches Foundation?
Three Arches Foundation is a charitable organization based in Lakewood, Ohio, dedicated to improving the health and well-being of local communities. Established five years ago, it has invested a total of $7.6 million in 41 grant recipients, aligning with their belief that nonprofit organizations play a significant role in addressing healthcare needs. Their grant-making approach focuses on continuous learning, balanced power, and transparency, fostering strong partnerships with these organizations. Over half of their funding is allocated to behavioral health care initiatives, addressing the gap in mental health services. They also support efforts to remove barriers, pilot new ideas, invest in different life stages, and prioritize vulnerable populations. During the pandemic, they initiated the TAF COVID-19 Response Fund to provide urgent support to nonprofits. Their work is guided by a philanthropic approach, informed by racial and health equity, to better understand and address gaps in behavioral and physical healthcare access.
Official website here: www.threearchesfoundation.org
Is Three Arches Foundation legitimate?
Three Arches Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Three Arches Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $157,507
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.threearchesfoundation.org
What is the mission statement of Three Arches Foundation?
The Three Arches Foundation's primary objective is to enhance the health and well-being of individuals within their community by investing in organizations that contribute to, support, and undertake health and well-being programs, services, and initiatives. Over the past five years, they have distributed over $7.6 million to 41 grant recipients, emphasizing on behavioral health care initiatives and removing barriers to accessing programs and services. They also support piloting and launching new ideas, investing in different life stages, particularly youth and older adults, and addressing vulnerable populations to achieve health equity. The organization's grant-making approach is centered around nonprofit organizations and emphasizes continuous learning, balanced power, and transparency.
Official website here: www.threearchesfoundation.org
Who is the CEO of Three Arches Foundation?
Kristin Broadbent is the President & Ceo of Three Arches Foundation. The CEO's salary of Three Arches Foundation is $156,240 and their total compensation is $185,910.
Official website here: www.threearchesfoundation.org
What is the revenue of Three Arches Foundation?
Three Arches Foundation's revenue in 2022 was $937,356.
Official website here: www.threearchesfoundation.org
Who are the executives of Three Arches Foundation and what are their salaries?
The average compensation at Three Arches Foundation during 2022 was $157,507. There is 1 employee and 19 volunteers at Three Arches Foundation.
Here are 20 key members and their salaries (Three Arches Foundation's CEO's salary is $156,240 and their total compensation is $185,910):
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- Compensation: $156,240
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Official website here: www.threearchesfoundation.org
Where can I find the form 990 for Three Arches Foundation?
Three Arches Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.threearchesfoundation.org
Learn more at the official website: www.threearchesfoundation.org
Mission Statement of Three Arches Foundation
Three Arches Foundation, a philanthropic organization, is dedicated to advancing the health and well-being of communities. Its primary purpose is to support local initiatives that contribute to, contribute to, and undertake health and well-being programs, services, and initiatives. The foundation invests in nonprofit organizations that are making a significant impact on local healthcare needs, believing that improving lives and promoting access to care is crucial. Over the past five years, Three Arches Foundation has distributed a total of $7.6 million to 41 grant recipients.
The foundation's grant-making approach places nonprofit organizations at the center of relationships. This approach, grounded in continuous learning, balanced power, and transparency, fosters partnerships that serve as the catalyst for the foundation's grant-making principles and process. For instance, ongoing dialogue with nonprofit organizations has led to a growing reliance on philanthropic support as organizations adapt to unexpected circumstances and changing needs. This feedback has prompted the foundation to elevate its grant-making for three consecutive years, exceeding the widely accepted traditional level of grant funding.
Three Arches Foundation also recognizes the value of multi-year grants. These grants enable nonprofit partners to launch or maintain vital programs and services with the assurance of time and sufficient resources. As such, multi-year grants account for a substantial portion of the foundation's total funding to date.
The foundation's funding focuses on various areas, including behavioral and physical health, removing barriers, piloting and launching new ideas, investment in life stages, workforce investment, and vulnerable populations. In the field of behavioral and physical health, the foundation directs over half of its funding to initiatives aimed at addressing the void in mental health services and support, which has become more challenging due to the COVID-19 pandemic and the shortage of care providers. The foundation also invests in initiatives that tackle transportation, trauma-informed care, patient navigation and care coordination, and peer support to improve health outcomes.
In conclusion, Three Arches Foundation is a philanthropic organization that invests in local initiatives that contribute to the health and well-being of communities. By placing nonprofit organizations at the center of its relationships, the foundation fosters partnerships that help improve health outcomes in the community. The foundation's grant-making approach, grounded in continuous learning, balanced power, and transparency, has led to significant impact in various areas such as behavioral and physical health, removing barriers, piloting and launching new ideas, investment in life stages, workforce investment, and vulnerable populations.
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Impact
October, 2024
Three Arches Foundation has significantly impacted the health and well-being of residents in Lakewood and surrounding communities over the past five years. By investing $7.6 million in 41 local initiatives, the foundation has prioritized access to both behavioral and physical health services, recognizing the intertwined nature of mental and physical health issues. More than half of its funding focuses on behavioral health initiatives, addressing the critical gaps exacerbated by the COVID-19 pandemic.
The foundation has fostered strong partnerships with local organizations, enabling them to innovate and pilot new approaches to improve healthcare access. This collaborative model emphasizes transparency, continuous learning, and a multi-year grant-making strategy—25% of funding supports long-term initiatives that ensure consistent resources for critical programs.
Efforts to remove barriers to healthcare access are evident in initiatives aimed at transportation, trauma-informed care, and peer support, particularly among vulnerable populations. The foundation is also dedicated to addressing the specific health needs of youth and seniors, ensuring timely access to mental health services for adolescents and promoting healthy aging for older adults.
Moreover, a proactive response to pandemic-related workforce disruptions has led to targeted initiatives focused on workforce development and retention in the healthcare sector. This comprehensive approach not only addresses immediate health needs but also aims for long-term sustainability and equity within the community's healthcare landscape. Through ongoing assessment and community engagement, Three Arches Foundation continues to adapt and enhance its strategies, firmly rooted in its mission to advance health outcomes for all.
This information is meant to be a general summary of Three Arches Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $534,057
- Gross Receipts: $2,561,626
Assets and Liabilities:
- Total Assets: $33,633,020
- Total Liabilities: $688,308
- Net Assets: $32,944,712
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Organization Details
Founding Year
1956
Phone
(216) 350-4443Principal Officer
Kristin Broadbent
Main Address
14700 DETROIT AVE SUITE 6, LAKEWOOD, OH, 44107
NTEE Category
Code: E80 - Health
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