Michael And Laura Brader Araje Foundation

Chapel Hill, NC
Tax-exempt since Oct. 2000
EIN: 56-2205579

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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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$153k (2024)

Expenses

$449k (2024)

Total Assets

$5.33M (2024)

Total Liabilities

$24.4k (2024)

Source: Form 990 tax filings from 2011 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

$153,066

Expenses

$448,651

Net Income

-$295,585

Net Assets

$5,304,596

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17	0.0%
Dividends	$150,878	98.6%
Sales of Assets	$16,664	10.9%
Other Income	-$14,493

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$352,028	78.5%
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	$5,329,030
Total Liabilities	$24,434
Net Assets	$5,304,596

Compensation

Key Employees and Officers	Compensation	Other
Brian Pittman (Financial Director)	$54,000	$2,160
Michael Brader Araje (President/Secretary)	$0	$0
Laura Brader Araje (Vice President/Treasurer)	$0	$0

990-PF

Filed on Nov. 17, 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

$222,567

Expenses

$391,581

Net Income

-$169,014

Net Assets

$5,600,181

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,050	0.9%
Interest Revenue	$25	0.0%
Dividends	$154,473	69.4%
Sales of Assets	$83,046	37.3%
Other Income	-$17,027

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$307,123	78.4%
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	$5,601,206
Total Liabilities	$1,025
Net Assets	$5,600,181

Compensation

Key Employees and Officers	Compensation	Other
Brian Pittman (Financial Director)	$51,000	$2,040
Michael Brader Araje (President/Secretary)	$0	$0
Laura Brader Araje (Vice President/Treasurer)	$0	$0

990-PF

Filed on Jan. 15, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$407,874

Expenses

$389,891

Net Income

$17,983

Net Assets

$5,769,195

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$65	0.0%
Dividends	$105,602	25.9%
Sales of Assets	$67,986	16.7%
Other Income	$234,221	57.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$295,255	75.7%
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	$5,769,195
Total Liabilities	$0
Net Assets	$5,769,195

Compensation

Key Employees and Officers	Compensation	Other
Michael Brader Araje (President/Secretary)	$0	$0
Laura Brader Araje (Vice President/Treasurer)	$0	$0

990-PF

Filed on Nov. 8, 2023

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.
2021

Revenue

$874,597

Expenses

$329,904

Net Income

$544,693

Net Assets

$5,751,220

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000	0.1%
Interest Revenue	$120	0.0%
Dividends	$45,562	5.2%
Sales of Assets	$873,010	99.8%
Other Income	-$45,095

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$262,684	79.6%
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	$5,752,129
Total Liabilities	$909
Net Assets	$5,751,220

Compensation

Key Employees and Officers	Compensation	Other
Michael Brader Araje (President/Secretary)	$0	$0
Laura Brader Araje (Vice President/Treasurer)	$0	$0

990-PF

Filed on Nov. 17, 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

$1,575,019

Expenses

$326,923

Net Income

$1,248,096

Net Assets

$5,205,538

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,711,124	> 100%
Interest Revenue	$3	0.0%
Dividends	$52,038	3.3%
Sales of Assets	$0
Other Income	-$96,403

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$262,714	80.4%
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	$5,205,539
Total Liabilities	$1
Net Assets	$5,205,538

Compensation

Key Employees and Officers	Compensation	Other
Michael Brader Araje (President/Secretary)	$0	$0
Laura Brader Araje (Vice President/Treasurer)	$0	$0

990-PF

Filed on Nov. 15, 2021

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

View Filing

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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

$40,513

Expenses

$251,673

Net Income

-$211,160

Net Assets

$3,958,463

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$118	0.3%
Dividends	$82,973	> 100%
Sales of Assets	$0
Other Income	$6,214	15.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$199,922	79.4%
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	$3,958,464
Total Liabilities	$1
Net Assets	$3,958,463

Compensation

Key Employees and Officers	Compensation	Other
Michael Brader Araje (President/Secretary)	$0	$0
Laura Brader Araje (Vice President/Treasurer)	$0	$0

990-PF

Filed on Nov. 16, 2020

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.
2018

Revenue

$495,447

Expenses

$203,119

Net Income

$292,328

Net Assets

$4,169,624

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$139	0.0%
Dividends	$104,387	21.1%
Sales of Assets	$383,692	77.4%
Other Income	$7,229	1.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$181,417	89.3%
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	$4,169,624
Total Liabilities	$0
Net Assets	$4,169,624

Compensation

Key Employees and Officers	Compensation	Other
Michael Brader Araje (President/Secretary)	$0	$0
Laura Brader Araje (Vice President/Treasurer)	$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

$189,187

Expenses

$198,971

Net Income

-$9,784

Net Assets

$3,877,296

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10	0.0%
Dividends	$80,896	42.8%
Sales of Assets	$108,292	57.2%
Other Income	-$11

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$155,782	78.3%
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	$3,877,300
Total Liabilities	$4
Net Assets	$3,877,296

Compensation

Key Employees and Officers	Compensation	Other
Michael Brader Araje (President/Secretary)	$0	$0
Laura Brader Araje (Vice President/Treasurer)	$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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Fiscal Year Ending Dec.
2016

Revenue

-$48,861

Expenses

$177,732

Net Income

-$226,593

Net Assets

$3,887,080

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2
Dividends	$72,812
Sales of Assets	-$118,076
Other Income	-$3,599

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$128,000	72.0%
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	$3,901,305
Total Liabilities	$14,225
Net Assets	$3,887,080

Compensation

Key Employees and Officers	Compensation	Other
Michael Brader Araje (President/Secretary)	$0	$0
Laura Brader Araje (Vice President/Treasurer)	$0	$0

990-PF

Filed on Aug. 30, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$92,278

Expenses

$106,125

Net Income

-$13,847

Net Assets

$4,113,673

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$70,853	76.8%
Sales of Assets	$21,271	23.1%
Other Income	$150	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$73,200	69.0%
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	$4,113,673
Total Liabilities	$0
Net Assets	$4,113,673

Compensation

Key Employees and Officers	Compensation	Other
Michael Brader Araje (President/Secretary)	$0	$0
Laura Brader Araje (Vice President/Treasurer)	$0	$0

990-PF

Filed on Nov. 15, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$317,905

Expenses

$243,169

Net Income

$74,736

Net Assets

$4,127,520

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$92,305	29.0%
Sales of Assets	$220,051	69.2%
Other Income	$5,545	1.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$193,266	79.5%
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	$4,138,002
Total Liabilities	$10,482
Net Assets	$4,127,520

Compensation

Key Employees and Officers	Compensation	Other
Michael Brader Araje (President/Secretary)	$0	$0
Laura Brader Araje (Vice President/Treasurer)	$0	$0

990-PF

Filed on Dec. 21, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$202,594

Expenses

$130,882

Net Income

$71,712

Net Assets

$4,052,784

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$163,043	80.5%
Sales of Assets	$31,742	15.7%
Other Income	$7,809	3.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$95,995	73.3%
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	$4,052,784
Total Liabilities	$0
Net Assets	$4,052,784

Compensation

Key Employees and Officers	Compensation	Other
Michael Brader Araje (President/Secretary)	$0	$0
Laura Brader Araje (Vice President/Treasurer)	$0	$0

990-PF

Filed on Nov. 17, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$216,877

Expenses

$172,430

Net Income

$44,447

Net Assets

$3,981,072

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$142,373	65.6%
Sales of Assets	$60,461	27.9%
Other Income	$14,043	6.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$130,500	75.7%
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	$3,981,072
Total Liabilities	$0
Net Assets	$3,981,072

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$329,000

Expenses

$171,324

Net Income

$157,676

Net Assets

$3,936,625

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$135,692	41.2%
Sales of Assets	$185,359	56.3%
Other Income	$7,949	2.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$149,500	87.3%
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	$3,936,625
Total Liabilities	$0
Net Assets	$3,936,625

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Michael And Laura Brader Araje Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $153k (2024)

Expenses $449k (2024)

Total Assets $5.33M (2024)

Total Liabilities $24.4k (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

$153k (2024)

Expenses

$449k (2024)

Total Assets

$5.33M (2024)

Total Liabilities

$24.4k (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

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001