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Filing year 2024

Mary Alice Arakelian Foundation

Newburyport, Massachusetts·EIN 04-6155695·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$456k
Total assets
$5.7M
Total expenses
$713k
Reported officers
4

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Co-trustee
Unclassified
$18k
$19k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 3 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at Mary Alice Arakelian Foundation equaled 3% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
3%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$628k

Itemized grants

28

Median grant

$10k

RecipientLocationPurposeAmount
City of NewburyportNewburyport, MAUnrestrictedGeneral Support$200k
Anna Jaques HospitalNewburyport, MAUnrestrictedGeneral Support$115k
Newburyport Education FoundationNewburyport, MAUnrestrictedGeneral Support$42k
WBURBoston, MAUnrestrictedGeneral Support$30k
Our Neighbor's TableAmesbury, MAUnrestrictedGeneral Support$20k
Opportunity WorksNewburyport, MAUnrestrictedGeneral Support$20k
Custom Houses MuseumNewburyport, MAUnrestrictedGeneral Support$20k
Pettengill HouseSalisbury, MAUnrestrictedGeneral Support$15k
YWCA of Greater NewburyportNewburyport, MAUnrestrictedGeneral Support$15k
Jeanne Geiger Crisis CenterNewburyport, MAUnrestrictedGeneral Support$12k
Pan-Mass ChallengeNeedham, MAUnrestrictedGeneral Support$10k
McKeown - Boston CollegeBoston, MAUnrestrictedGeneral Support$10k
Marino - College of DublinDublin, EIUnrestrictedGeneral Support$10k
Nourishing the North ShoreNewburyport, MAUnrestrictedGeneral Support$10k
Guinea Pig SanctuarySalisbury, MAUnrestrictedGeneral Support$5k
Community Services of NewburyportNewburyport, MAUnrestrictedGeneral Support$5k
St Vincent DePaulNewburyport, MAUnrestrictedGeneral Support$5k
Live and Let Live FarmChichester, NHUnrestrictedGeneral Support$5k
Lucy's Love BusAmesbury, MAUnrestrictedGeneral Support$5k
Massachusetts Coalition for the HomelessLynn, MAUnrestrictedGeneral Support$5k
Newburyport Livable StreetNewburyport, MAUnrestrictedGeneral Support$3k
Newburyport Documentary Film FestivalNewburyport, MAUnrestrictedGeneral Support$2k
Compare this foundation's grantees

Held steady
from 2023

From $18k in 2023 to $18k in 2024.

$18k
2023
$18k
2024
In today's dollarsEst.
Down 3% in real terms$20k to $19k

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Mary Alice Arakelian Foundation

What are Mary Alice Arakelian Foundation's revenue and expenses?

In 2024, Mary Alice Arakelian Foundation reported $456k in total revenue and $713k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.