Overview
What is Arcola Foundation?
The Arcola Foundation, established in Arcola, Illinois, is a nonprofit organization dedicated to offering financial aid and scholarships. Its primary purpose is to support both individuals and local organizations within the city of Arcola by providing grant assistance. This philanthropic endeavor aims to contribute positively to the community's well-being and development, demonstrating a commitment to enhancing the lives of its residents.
Official website here: www.arcolafoundation.org/
Is Arcola Foundation legitimate?
Arcola Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arcola 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.
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Official website here: www.arcolafoundation.org/
What is the mission statement of Arcola Foundation?
The Arcola Foundation, functioning as a scholarship or financial aid organization, is committed to providing assistance in the form of scholarships and grants to individuals and organizations within its community. Its mission is geared towards fostering growth and development within the community by offering financial aid, thereby empowering individuals and organizations to advance their goals and pursuits.
Official website here: www.arcolafoundation.org/
Who is the CEO of Arcola Foundation?
Mark Spainhour is the Member of Arcola Foundation.
Official website here: www.arcolafoundation.org/
What is the revenue of Arcola Foundation?
Arcola Foundation's revenue in 2022 was $377,881.
Official website here: www.arcolafoundation.org/
Who are the executives of Arcola Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.arcolafoundation.org/
Where can I find the form 990 for Arcola Foundation?
Arcola Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arcolafoundation.org/
Learn more at the official website: www.arcolafoundation.org/
Mission Statement of Arcola Foundation
The Arcola Foundation, as a nonprofit organization, is dedicated to providing financial aid in the form of scholarships and grants to both individuals and local organizations within its community. Its mission is geared towards supporting the growth and development of its community members, extending a helping hand to those in need of financial assistance. The foundation serves as a vital resource, offering a much-needed financial boost to individuals pursuing higher education or organizations seeking to carry out projects that contribute to the betterment of the community. By providing these resources, the Arcola Foundation plays a significant role in empowering its community and fostering opportunities for growth and success.
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Impact
October, 2024
The Arcola Foundation significantly impacts the community by providing scholarships and grant assistance to individuals and organizations in Arcola, IL. By supporting educational pursuits, the foundation helps empower local students to achieve their academic dreams, thereby fostering a culture of learning and growth within the community. Additionally, it assists city organizations, promoting various initiatives and projects that enhance the arts and overall quality of life in Arcola. This investment in both individuals and organizations catalyzes positive change, encourages creativity, and strengthens community bonds, ultimately contributing to the economic and cultural vitality of the area.
This information is meant to be a general summary of Arcola 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: $122,913
- Program Service Revenue: $6,292
- Gross Receipts: $708,467
Assets and Liabilities:
- Total Assets: $6,110,777
- Total Liabilities: $0
- Net Assets: $6,110,777
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CEO PROGRAM SALES
Revenue
$6,292
Organization Details
Founding Year
1975
Phone
(217) 268-4911Principal Officer
Mark Spainhour
Main Address
127 S OAK ST, ARCOLA, IL, 61910
Website
www.arcolafoundation.org/NTEE Category
Code: A500 - Arts
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