Noahs Arc Foundation
Nonprofit profile at a glance
- EIN
- 271412550
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022, Form 990-N 2012
- Location
- Chicago, IL, USA
- Phone
- 3016561200
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $2,792,871
- Expenses
- $2,530,620
- Assets
- $754,280
- Liabilities
- $594,925
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- JOAKIM NOAH (President)
People named in this filing
- JOAKIM NOAH (President)
- JOSEPH MONTGOMERY (Treasurer)
- JUSTIN FEDAK (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The noah's arc foundation provides diverse opportunities for youth to become more aware and conscious of their ability to make a positive impact on themselves and their community. The foundation's art and basketball programs target youth in chicago's high-needs communities.
What it reported doing in 2024
Other Programs: Other Basketball Programs: Over the years, the Organization has developed and supported a variety of basketball-based programs designed to engage youth, promote unity, and provide safe, positive spaces for personal development. From local tournaments to community partnerships, each initiative has been rooted in our belief that the values learned through basketballrespect, leadership, and perseveranceextend far beyond the game.Rock your Drop: The Rock Your Drop initiative was a peace movement that raised awareness on nonviolence, and was primarily based in Chicago. When you wear your Drop of Consciousness you make a pledge to positive change to your community.Water Program: The Organization aims to facilitate access to clean drinking water to communities that have little or no access, as well as aid in disaster relief and the immediate needs of people following a natural disaster, by giving access to Altitude Water Atmospheric Generator (AWG) to individuals, communities, and/or aid entities. These provide immediate access to clean purified drinking water, and also removes the dependency on hundreds of thousands of plastic bottles and the waste these produce (Past locations: West Africa, Maui).
Operating model
- Revenue model
- Grant-funded. 84% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 92
- Accountability: 65
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.7%; rating input score 80
- Program expense ratio: 88%; rating input score 88
- Fundraising efficiency: $46.48 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 95.2%; rating input score 95; 30th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 14th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 9.4%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 0.3; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 0.79; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 34.2% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 28.6% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 26.2% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 79.7% of revenue deployed · 88% of spending went to programs
- Governance: 8 of 10 board members independent · 3 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $2.2M in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 5 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.