NOAHS ARC FOUNDATION

EIN: 271412550 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$2,792,871
Total Expenses
$2,530,620
Total Assets
$754,280
Net Assets
$159,355
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
IL
Principal Officer
JOAKIM NOAH
Phone
3016561200
Tax Period
2024-01-01 to 2024-12-31

NOAHS ARC FOUNDATION, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 139% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 9% surplus.

Mission

THE NOAH'S ARC FOUNDATION PROVIDES DIVERSE OPPORTUNITIES FOR YOUTH TO BECOME MORE AWARE AND CONSCIOUS OF THEIR ABILITY TO MAKE A POSITIVE IMPACT ON THEMSELVES AND THEIR COMMUNITY. THE FOUNDATION'S ART AND BASKETBALL PROGRAMS TARGET YOUTH IN CHICAGO'S HIGH-NEEDS COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,788,685
Program Service Revenue $0
Investment Income $3,740
Other Revenue $446
TOTAL REVENUE $2,792,871

Expense Breakdown

Grants Paid $10,500
Salaries & Benefits $0
Fundraising Expenses $60,000
Program Expenses $2,226,476
Other Expenses $2,520,120
TOTAL EXPENSES $2,530,620

Year-over-Year Comparison

2024 2023 Change
Revenue $2,792,871 $1,169,223 +1.4%
Expenses $2,530,620 $1,267,353 +1.0%
Net Income $262,251 $-98,130 -3.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
8
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOAKIM NOAH President 40.00
Officer Director
$0 $0 $0
JOSEPH MONTGOMERY Treasurer 1.00
Officer Director
$0 $0 $0
JUSTIN FEDAK Secretary 1.00
Officer Director
$0 $0 $0
CECILIA RODHE Director 1.00
Director
$0 $0 $0
BECKY CARROLL Director 1.00
Director
$0 $0 $0
YANNICK NOAH Director 1.00
Director
$0 $0 $0
JULIE WILEN Director 1.00
Director
$0 $0 $0
DR HANIFA MEZOUI Director 0.00
Director
$0 $0 $0
HEATHER MORRIS Director 0.00
Director
$0 $0 $0
ANTHONY DOUGLAS Director 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,792,871 $2,530,620 $754,280 $262,251
2024 No data No data No data No data
2023 $1,169,223 $1,314,585 $849,657 $-145,362
2023 $1,169,223 $1,267,353 $849,657 $-98,130
2019 $109,925 $100,805 $61,673 $9,120
2018 $245,536 $213,687 $53,553 $31,849
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