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The Arras Foundation

Lancaster, SC. EIN 57-0355295. Reported $2,603,325 of revenue for 2022 on its Form 990-PF.

The IRS record

Registered name
THE ARRAS FOUNDATION
As the IRS records it, which is how it appears in their own search.
Employer Identification Number
57-0355295
The identifier the IRS uses for this organization.
Recognized under
501(c)(3) — charitable, religious, educational, scientific
The subsection of the code its exemption was granted under.
Recognized in
1946
The year of the IRS ruling.
Classification
Philanthropy, Voluntarism and Grantmaking Foundations
NTEE code T20, assigned at registration.
Gifts to it
Contributions are deductible
Whether the IRS treats a contribution to this organization as deductible.
Legal form
Corporation
How the organization is constituted, as recorded at registration.
Location of record
Lancaster, SC
The address the IRS holds, not necessarily where it operates.
Most recent filing
Form 990-PF
For tax year 2022.

What it reported for 2022

$2,603,325
Total revenue
Contributions, grants, program service revenue and investment income.
$3,372,082
Total expenses
As reported on the return.
$77,162,126
Total assets, book value
At the end of the year, at what the organization paid for them.
$77,162,126
Total assets, fair market value
What they are worth now. Only a Form 990-PF reports this.
15
People listed
Officers, directors, trustees, key employees and highest-paid employees.
$308,491
Largest reported compensation
Reported for Susan W Devenny.

A private foundation reports its assets twice. Book value is what it paid for them; fair market value is what they are worth now, and it is usually the larger of the two. Rankings on this site use book value, because that is the only measure a Form 990 and a Form 990-EZ also report, which keeps a foundation comparable with the charities beside it.

The Arras Foundation reported paying Susan W Devenny, President & CEO, $308,491 for 2022. That is reportable compensation from the organization, from related organizations, and other compensation, as the organization reported all three. It is not a verified salary and not take-home pay.

Similar organizations

Other organizations in the same state and category as The Arras Foundation
OrganizationRevenue
The Blackbaud Giving Fund$561,434,919
Apella Health Management Inc$524,676,090
Joy Unspeakable Foundation$165,864,424
Bluecross Blueshield of South Carolina Foundation$57,929,618
Spartanburg County Foundation$50,610,860
Coastal Community Foundation of South Carolina Inc$46,328,098

This organization elsewhere

More in South Carolina and under Philanthropy, Voluntarism and Grantmaking Foundations. All organizations: nonprofits.

What this page cannot show

  • Everything here is what the organization told the IRS about itself. The IRS publishes returns as filed and does not audit them first.
  • The figures describe the most recent year on record, which is usually one to two years behind, and not the organization’s current position.
  • Nothing here says whether the organization does its work well, or how it spends what it raises beyond the totals on the form.

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Sources

Data retrieved