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American Carpet One Foundation

Organization summary

Type of Nonprofit

Designated as a 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.

Summary charts: organization finances over time

Revenue
$113k (2023)

Expenses
$156k (2023)

Total Assets
$1.28M (2023)

Total Liabilities
−$1.95k (2023)

Source: Form 990 tax filings from 2011 to 2023

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 June
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$113,217
Expenses
$155,535
Net Income
-$42,318
Net Assets
$1,284,423
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100,000
88.3%
Interest Revenue $1,434
1.3%
Dividends $22,260
19.7%
Sales of Assets -$10,509
Other Income $32
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $137,784
88.6%
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 $1,282,471
Total Liabilities -$1,952
Net Assets $1,284,423
Compensation
Key Employees and Officers Compensation Other
David K Arita (Chairman/President) $0 $0
Christine D Arita (Vice President) $0 $0
Daniel K Arita (Vice President) $0 $0
Jessica S K Schlais (Secretary/Treasurer) $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$157,521
Expenses
$107,133
Net Income
$50,388
Net Assets
$1,326,741
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $50,000
31.7%
Interest Revenue $3
0.0%
Dividends $37,467
23.8%
Sales of Assets $70,051
44.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $88,832
82.9%
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 $1,326,686
Total Liabilities -$55
Net Assets $1,326,741
Compensation
Key Employees and Officers Compensation Other
David K Arita (Chairman/President) $0 $0
Christine D Arita (Vice President) $0 $0
Daniel K Arita (Vice President) $0 $0
Jessica S K Schlais (Secretary/Treasurer) $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$170,957
Expenses
$98,826
Net Income
$72,131
Net Assets
$1,276,353
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $50,000
29.2%
Interest Revenue $525
0.3%
Dividends $25,538
14.9%
Sales of Assets $94,894
55.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $82,212
83.2%
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 $1,277,440
Total Liabilities $1,087
Net Assets $1,276,353
Compensation
Key Employees and Officers Compensation Other
David K Arita (Chairman/President) $0 $0
Christine D Arita (Vice President) $0 $0
Daniel K Arita (Vice President) $0 $0
Jessica S K Schlais (Secretary/Treasurer) $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,898
Expenses
$59,855
Net Income
-$50,957
Net Assets
$1,204,222
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,103
12.4%
Dividends $31,995
> 100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $45,503
76.0%
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 $1,204,038
Total Liabilities -$184
Net Assets $1,204,222
Compensation
Key Employees and Officers Compensation Other
David K Arita (Chairman/President) $0 $0
Christine D Arita (Vice President) $0 $0
Daniel K Arita (Vice President) $0 $0
Jessica S K Schlais (Secretary/Treasurer) $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$73,234
Expenses
$86,312
Net Income
-$13,078
Net Assets
$1,255,179
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $30,000
41.0%
Interest Revenue $671
0.9%
Dividends $23,009
31.4%
Sales of Assets $19,554
26.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $70,044
81.2%
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 $1,254,933
Total Liabilities -$246
Net Assets $1,255,179
Compensation
Key Employees and Officers Compensation Other
David K Arita (Chairman/President) $0 $0
Christine D Arita (Vice President) $0 $0
Daniel K Arita (Vice President) $0 $0
Jessica S K Schlais (Secretary/Treasurer) $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$255,195
Expenses
$86,543
Net Income
$168,652
Net Assets
$1,268,257
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $200,000
78.4%
Interest Revenue $40
0.0%
Dividends $32,575
12.8%
Sales of Assets $22,580
8.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $70,804
81.8%
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 $1,267,776
Total Liabilities -$481
Net Assets $1,268,257
Compensation
Key Employees and Officers Compensation Other
David K Arita (Chairman/President) $0 $0
Christine D Arita (Vice President) $0 $0
Daniel K Arita (Vice President) $0 $0
Jessica S K Schlais (Secretary/Treasurer) $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$275,079
Expenses
$69,839
Net Income
$205,240
Net Assets
$1,099,605
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $250,000
90.9%
Interest Revenue $11
0.0%
Dividends $20,080
7.3%
Sales of Assets $4,988
1.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $59,234
84.8%
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 $1,098,289
Total Liabilities -$1,316
Net Assets $1,099,605
Compensation
Key Employees and Officers Compensation Other
David K Arita (Chairman/President) $0 $0
Christine D Arita (Vice President) $0 $0
Daniel K Arita (Vice President) $0 $0
Jessica S K Schlais (Secretary/Treasurer) $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$380,748
Expenses
$57,075
Net Income
$323,673
Net Assets
$894,365
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $300,000
78.8%
Interest Revenue $0
Dividends $1,952
0.5%
Sales of Assets $78,796
20.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $53,703
94.1%
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 $895,969
Total Liabilities $1,604
Net Assets $894,365
Compensation
Key Employees and Officers Compensation Other
David K Arita (Chairman/President) $0 $0
Christine D Arita (Vice President) $0 $0
Daniel K Arita (Vice President) $0 $0
Jessica S K Schlais (Secretary/Treasurer) $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$113,500
Expenses
$50,307
Net Income
$63,193
Net Assets
$570,692
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $103,000
90.7%
Interest Revenue $0
Dividends $10,339
9.1%
Sales of Assets $161
0.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $45,025
89.5%
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 $570,799
Total Liabilities $107
Net Assets $570,692
Compensation
Key Employees and Officers Compensation Other
David K Arita (Chairman/President) $0 $0
Christine D Arita (Vice President) $0 $0
Daniel K Arita (Vice President) $0 $0
Jessica S K Schlais (Secretary/Treasurer) $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$97,732
Expenses
$51,733
Net Income
$45,999
Net Assets
$507,499
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $57,000
58.3%
Interest Revenue $4
0.0%
Dividends $8,397
8.6%
Sales of Assets $32,331
33.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $46,953
90.8%
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 $507,683
Total Liabilities $184
Net Assets $507,499

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$51,584
Expenses
$42,927
Net Income
$8,657
Net Assets
$461,500
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $40,000
77.5%
Interest Revenue $7
0.0%
Dividends $11,175
21.7%
Sales of Assets $402
0.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $40,533
94.4%
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 $461,571
Total Liabilities $71
Net Assets $461,500

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$59,991
Expenses
$37,453
Net Income
$22,538
Net Assets
$452,843
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $40,000
66.7%
Interest Revenue $5
0.0%
Dividends $14,115
23.5%
Sales of Assets $5,871
9.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $35,118
93.8%
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 $452,992
Total Liabilities $149
Net Assets $452,843

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$43,599
Expenses
$33,943
Net Income
$9,656
Net Assets
$430,305
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $20,000
45.9%
Interest Revenue $0
Dividends $19,180
44.0%
Sales of Assets $4,419
10.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $32,203
94.9%
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 $430,526
Total Liabilities $221
Net Assets $430,305

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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