Nonprofit · EIN 23-6779271
ARETE FOUNDATION
Tax-exempt · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2024 | 990-PF | $8,957,390 | $3,622,767 | $5,334,623 | $42,597,539 | $6,741,767 | $35,855,772 |
| November 30, 2023 | 990-PF | $1,668,441 | $10,170,564 | -$8,502,123 | $45,050,715 | $8,710,594 | $36,340,121 |
Financial details: 990-PF for the year ended November 30, 2024
Revenue
- Contributions, gifts and grants
- $598,931
- Dividends
- $1,589,336
- Interest
- $16,882
- Net gain from sales of assets
- $1,285,321
- Other income
- $5,466,920
Expenses
- Grants and similar amounts paid
- $2,727,914
- Compensation of officers, directors and key employees
- $399,882
- Disbursements for charitable purposes
- $5,427,643
- Excise tax on investment income
- $36,030
Balance sheet and other
- Total assets, start of year
- $45,050,715
- Total assets, end of year
- $42,597,539
- Total liabilities, end of year
- $6,741,767
- Net assets, end of year
- $35,855,772
- Fair market value of assets
- $56,910,890
- Qualifying distributions
- $5,427,643
- Net investment income
- $2,894,285
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 November 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS ELLIOTT 1845 WALNUT ST SUITE 1111, PHILADELPHIA, PA 19103 | CHIEF FINANCIAL OFFI Highest-paid employee | 30 | $175,000 |
| JEFFREY BROTMAN 1845 WALNUT ST SUITE 1111, PHILADELPHIA, PA 19103 | VICE-PRESIDENT, AS R Highest-paid employee | 10 | $116,667 |
| DONNA ZANGHI 1845 WALNUT ST SUITE 1111, PHILADELPHIA, PA 19103 | EXECUTIVE DIRECTOR, Highest-paid employee | 30 | $108,215 |
| EDWARD E COHEN 1845 WALNUT ST SUITE 1111, PHILADELPHIA, PA 19103 | CHAIR, AS REQUIRED | 0 | $0 |
| BETSY Z COHEN 1845 WALNUT ST SUITE 1111, PHILADELPHIA, PA 19103 | TRUSTEE, AS REQUIRED | 0 | $0 |
| JONATHAN Z COHEN 1845 WALNUT ST SUITE 1111, PHILADELPHIA, PA 19103 | TRUSTEE, AS REQUIRED | 0 | $0 |
| DANIEL G COHEN 1845 WALNUT ST SUITE 1111, PHILADELPHIA, PA 19103 | TRUSTEE, AS REQUIRED | 0 | $0 |
990-PF for the year ended November 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS ELLIOTT 1845 WALNUT ST SUITE 1111, PHILADELPHIA, PA 19103 | CHIEF FINANCIAL OFFI Highest-paid employee | 30 | $175,000 |
| JEFFREY BROTMAN 1845 WALNUT ST SUITE 1111, PHILADELPHIA, PA 19103 | VICE-PRESIDENT, AS R Highest-paid employee | 10 | $116,667 |
| DONNA ZANGHI 1845 WALNUT ST SUITE 1111, PHILADELPHIA, PA 19103 | EXECUTIVE DIRECTOR, Highest-paid employee | 30 | $102,000 |
| EDWARD E COHEN 1845 WALNUT ST SUITE 1111, PHILADELPHIA, PA 19103 | TRUSTEE, AS REQUIRED | 0 | $0 |
| BETSY Z COHEN 1845 WALNUT ST SUITE 1111, PHILADELPHIA, PA 19103 | TRUSTEE, AS REQUIRED | 0 | $0 |
| JONATHAN Z COHEN 1845 WALNUT ST SUITE 1111, PHILADELPHIA, PA 19103 | TRUSTEE, AS REQUIRED | 0 | $0 |
| DANIEL G COHEN 1845 WALNUT ST SUITE 1111, PHILADELPHIA, PA 19103 | TRUSTEE, AS REQUIRED | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1845 WALNUT ST, PHILADELPHIA, PA 19103-4708
- Signed the 990-PF
- DONNA ZANGHI, EXECUTIVE DIRECTOR
- Phone
- (215) 717-3344
- Return prepared by
- STEPHANO SLACK 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 November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | Not on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990-PF on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990-PF on file |
IRS record
- EIN
- 23-6779271
- 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
- 1986
- Accounting year ends
- November
- Files
- Form 990-PF
- Assets (IRS master file)
- $42,597,539
- Income (IRS master file)
- $9,206,239
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | November 2024 | $8,957,390 | $3,622,767 | $42,597,539 | XML |
| 990-T | November 2024 | – | – | – | IRS |
| 990-PF | November 2023 | $1,668,441 | $10,170,564 | $45,050,715 | XML |
| 990-T | November 2023 | – | – | – | IRS |
| 990-PF | November 2022 | – | – | – | IRS |
| 990-T | November 2022 | – | – | – | IRS |
| 990-PF | November 2021 | – | – | – | IRS |
| 990-T | November 2021 | – | – | – | IRS |
| 990-PF | November 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 23-6779271).
Questions about ARETE FOUNDATION
- What is the EIN of ARETE FOUNDATION?
- The employer identification number (EIN) of ARETE FOUNDATION is 23-6779271.
- Is ARETE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to ARETE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ARETE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ARETE FOUNDATION due?
- The return for tax year 2024 (the year ending November 30, 2025) is due April 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ARETE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended November 2024.
- Who are the officers and directors of ARETE FOUNDATION?
- The 990-PF for the year ended November 30, 2024 lists 7 people; 3 received compensation from the organization, the highest $175,000 (THOMAS ELLIOTT, CHIEF FINANCIAL OFFI).
- How much revenue does ARETE FOUNDATION have?
- On its 990-PF for the year ended November 30, 2024 it reported revenue of $8,957,390, expenses of $3,622,767 and total assets of $42,597,539 at year end.
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