Arkes Family Foundation

Chicago, IL
Tax-exempt since June 2013
EIN: 46-1536842

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$941k (2024)

Expenses

$1.36M (2024)

Total Assets

$7.73M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2013 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$941,474

Expenses

$1,362,214

Net Income

-$420,740

Net Assets

$7,731,005

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$307,235	32.6%
Sales of Assets	$626,577	66.6%
Other Income	$7,662	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,232,552	90.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,731,005
Total Liabilities	$0
Net Assets	$7,731,005

Compensation

Key Employees and Officers	Compensation	Other
Michael Arkes (President)	$0	$0
Helen Arkes (Director)	$0	$0
John Eramo (Director)	$0	$0

990-PF

Filed on Nov. 11, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$910,918

Expenses

$1,052,098

Net Income

-$141,180

Net Assets

$8,114,068

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$123	0.0%
Dividends	$310,097	34.0%
Sales of Assets	$553,010	60.7%
Other Income	$47,688	5.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$922,129	87.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,114,068
Total Liabilities	$0
Net Assets	$8,114,068

Compensation

Key Employees and Officers	Compensation	Other
Michael Arkes (President)	$0	$0
Helen Arkes (Director)	$0	$0
John Eramo (Director)	$0	$0

990-PF

Filed on Nov. 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$520,648

Expenses

$428,003

Net Income

$92,645

Net Assets

$8,255,248

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$475	0.1%
Dividends	$237,880	45.7%
Sales of Assets	$270,336	51.9%
Other Income	$11,957	2.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$200,299	46.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,255,248
Total Liabilities	$0
Net Assets	$8,255,248

Compensation

Key Employees and Officers	Compensation	Other
Michael Arkes (President)	$0	$0
Helen Arkes (Director)	$0	$0
John Eramo (Director)	$0	$0

990-PF

Filed on Nov. 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$855,669

Expenses

$1,052,631

Net Income

-$196,962

Net Assets

$8,162,917

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$261,342	30.5%
Sales of Assets	$560,821	65.5%
Other Income	$33,506	3.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$945,608	89.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,162,917
Total Liabilities	$0
Net Assets	$8,162,917

Compensation

Key Employees and Officers	Compensation	Other
Michael Arkes (President)	$0	$0
Helen Arkes (Director)	$0	$0
John Eramo (Director)	$0	$0

990-PF

Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Revenue

$440,346

Expenses

$812,782

Net Income

-$372,436

Net Assets

$8,359,878

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$214,529	48.7%
Sales of Assets	$218,759	49.7%
Other Income	$7,058	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$718,824	88.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,359,879
Total Liabilities	$1
Net Assets	$8,359,878

Compensation

Key Employees and Officers	Compensation	Other
Michael Arkes (President)	$0	$0
Helen Arkes (Director)	$0	$0
John Eramo (Director)	$0	$0

990-PF

Filed on Nov. 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Revenue

$2,349,618

Expenses

$1,098,762

Net Income

$1,250,856

Net Assets

$8,732,314

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,761,111	75.0%
Interest Revenue	$0
Dividends	$270,265	11.5%
Sales of Assets	$313,522	13.3%
Other Income	$4,720	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,000,530	91.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,732,315
Total Liabilities	$1
Net Assets	$8,732,314

Compensation

Key Employees and Officers	Compensation	Other
Michael Arkes (President)	$0	$0
Helen Arkes (Director)	$0	$0
John Eramo (Director)	$0	$0

990-PF

Filed on Nov. 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Revenue

$610,065

Expenses

$1,050,159

Net Income

-$440,094

Net Assets

$7,481,458

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$244,975	40.2%
Sales of Assets	$358,911	58.8%
Other Income	$6,179	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$969,676	92.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,481,459
Total Liabilities	$1
Net Assets	$7,481,458

Compensation

Key Employees and Officers	Compensation	Other
Michael Arkes (President)	$0	$0
Helen Arkes (Director)	$0	$0
John Eramo (Director)	$0	$0

990-PF

Filed on Nov. 15, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Revenue

$508,273

Expenses

$1,130,190

Net Income

-$621,917

Net Assets

$7,921,553

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$229,817	45.2%
Sales of Assets	$275,352	54.2%
Other Income	$3,104	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,051,915	93.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,921,553
Total Liabilities	$0
Net Assets	$7,921,553

Compensation

Key Employees and Officers	Compensation	Other
Michael Arkes (President)	$0	$0
Helen Arkes (Director)	$0	$0
John Eramo (Director)	$0	$0

990-PF

Filed on Nov. 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$276,852

Expenses

$1,156,664

Net Income

-$879,812

Net Assets

$8,543,470

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$255,894	92.4%
Sales of Assets	$19,731	7.1%
Other Income	$1,227	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,080,309	93.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,543,470
Total Liabilities	$0
Net Assets	$8,543,470

Compensation

Key Employees and Officers	Compensation	Other
Michael Arkes (President)	$0	$0
Helen Arkes (Director)	$0	$0
John Eramo (Director)	$0	$0

990-PF

Filed on Nov. 14, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$244,124

Expenses

$774,661

Net Income

-$530,537

Net Assets

$9,423,282

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$269,239	> 100%
Sales of Assets	-$26,002
Other Income	$887	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$667,656	86.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,423,282
Total Liabilities	$0
Net Assets	$9,423,282

Compensation

Key Employees and Officers	Compensation	Other
Michael Arkes (President)	$0	$0
Helen Arkes (Director)	$0	$0
John Eramo (Director)	$0	$0

990-PF

Filed on Sept. 26, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$357,402

Expenses

$556,555

Net Income

-$199,153

Net Assets

$9,953,719

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$272,430	76.2%
Sales of Assets	$82,335	23.0%
Other Income	$2,637	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$501,781	90.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,953,719
Total Liabilities	$0
Net Assets	$9,953,719

Compensation

Key Employees and Officers	Compensation	Other
Michael Arkes (President)	$0	$0
Helen Arkes (Director)	$0	$0
John Eramo (Director)	$0	$0

990-PF

Filed on May 14, 2015

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$238,028

Expenses

$85,156

Net Income

$152,872

Net Assets

$10,152,872

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$209,711	88.1%
Sales of Assets	$28,317	11.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,474	60.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,152,872
Total Liabilities	$0
Net Assets	$10,152,872

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

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Arkes Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $941k (2024)

Expenses $1.36M (2024)

Total Assets $7.73M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Revenue

$941k (2024)

Expenses

$1.36M (2024)

Total Assets

$7.73M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013