2023-11-15T12:48:55-06:00 2022-12-31 951777440 GREEN HASSON & JANKS LLP 700 SOUTH FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2022-01-01 843666714 ARES CHARITABLE FOUNDATION ARES 4242852736 2000 AVENUE OF THE STARS 12TH FL LOS ANGELES CA 90067 MICHAEL WEINER SECRETARY 4242852736 2023-11-11 1 MICHAEL WEINER 999009999 1 LIZBETH G NEVAREZ P01399868 3108731600 2023-11-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL AROUGHETI 2000 AVENUE OF THE STARS 12TH FL LOS ANGELES CA 90067 4943236 0 X N/A X 2019 DE THE FOUNDATION IS FOCUSED ON ACCELERATING EQUALITY OF ECONOMIC OPPORTUNITY THROUGH STRATEGIC INVESTMENTS THAT PROVIDE CAREER PREPARATION AND RESKILLING, ENCOURAGE ENTREPRENEURSHIP AND DEEPEN INDIVIDUALS' UNDERSTANDING OF PERSONAL FINANCE SO THAT PEOPLE CAN PURSUE A BETTER FUTURE. THE FOUNDATION MAY ALSO SERVE AS A VEHICLE FOR SELECT GIVING OPPORTUNITIES IN CONNECTION WITH SIGNIFICANT LOCAL AND GLOBAL CRISES, INCLUDING PUBLIC HEALTH AND NATURAL DISASTERS. 4 4 0 55 0 0 4940952 4896009 0 0 448 -353 0 0 4941400 4895656 3000000 4925757 0 0 0 0 0 0 0 97621 1067133 3097621 5992890 1843779 -1097234 1939560 1689267 95781 942722 1843779 746545 X THE FOUNDATION IS FOCUSED ON ACCELERATING EQUALITY OF ECONOMIC OPPORTUNITY THROUGH STRATEGIC INVESTMENTS THAT PROVIDE CAREER PREPARATION AND RESKILLING, ENCOURAGE ENTREPRENEURSHIP AND DEEPEN INDIVIDUALS' UNDERSTANDING OF PERSONAL FINANCE SO THAT PEOPLE CAN PURSUE A BETTER FUTURE. THE FOUNDATION MAY ALSO SERVE AS A VEHICLE FOR SELECT GIVING OPPORTUNITIES IN CONNECTION WITH SIGNIFICANT LOCAL AND GLOBAL CRISES, INCLUDING PUBLIC HEALTH AND NATURAL DISASTERS. 0 0 2188161 1813950 JOBS FOR THE FUTURE: THE INITIATIVE IS DESIGNED TO HELP INDIVIDUALS PREPARE FOR CLIMATE-RESILIENT JOBS IN THE U.S. AS WELL AS IDENTIFY LEADING TRAINING PROVIDERS, ORGANIZATIONS AND BEST PRACTICES TO DESIGN PATHWAYS TO THOSE CAREER OPPORTUNITIES. 1809444 1500000 ALTFINANCE: INVESTING IN BLACK FUTURES". THE INITIATIVE IS DESIGNED TO DIVERSIFY THE ALTERNATIVE INVESTMENT INDUSTRY BY ATTRACTING, TRAINING AND PROVIDING CAREER OPPORTUNITIES FOR COLLEGE STUDENTS ATTENDING HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. THE INITIATIVE HAS THREE PRIMARY COMPONENTS: A MENTORED FELLOWSHIP PROGRAM, A TAILORED VIRTUAL INSTITUTE AND A SCHOLARSHIP PROGRAM. 550459 456322 WRI: THE INITIATIVE IS DESIGNED TO HELP BUILD THE RESILIENCE OF INDIA'S MICRO, SMALL AND MEDIUM ENTERPRISES ("MSMES") IN TWO STATES TO FUTURE-PROOF THEIR BUSINESS MODELS WITHIN A CHANGING CLIMATE. 1393857 1155485 FOR ALL OTHER PROGRAMS, ARES CHARITABLE FOUNDATION CONTRIBUTED $1.2M FOR THE 2022 FISCAL YEAR. 1393857 1155485 5941921 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 CA NY FL GA CT CO MD VA NJ IL MA X SCOTT WILLIAMS 4242788682 800 CORPORATE POINTE SUITE 300 CULVER CITY CA 90230 X MICHAEL AROUGHETI PRESIDENT/DIRECTOR 1.00 X X 0 0 0 GREGORY MARGOLIES TREASURER/DIRECTOR 1.00 X X 0 0 0 MICHAEL D WEINER SECRETARY/DIRECTOR 1.00 X X 0 0 0 CAROLINE BLAKELY INDEPENDENT DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 4896009 47580 4896009 221 221 47006 47580 -574 -574 -574 4895656 0 0 -353 X 4925757 4925757 13535 13535 15000 15000 1016164 1016164 175 175 3130 3130 SOFTWARE LICENSES, SUPP 15832 15832 MISCELLANEOUS 2057 2057 FILING FEES 1240 1240 5992890 5941921 50969 0 1772175 1492134 148960 221 18425 106376 16667 0 73869 1939560 1689267 95781 155159 787563 95781 942722 X 1843779 746545 1843779 746545 1939560 1689267 -1097234 0 X 0 1 X 1 0 X 3430000 4940952 4896009 13266961 3430000 4940952 4896009 13266961 10253285 3013676 189 189 13267150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 4896009 0 4896009 -353 -353 4895656 5993243 353 353 5992890 0 5992890 PART X, LINE 2: ARES CHARITABLE FOUNDATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED DECEMBER 31, 2022, ARES CHARITABLE FOUNDATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MIGHT HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE RECLASS -353. PART XII, LINE 2D - OTHER ADJUSTMENTS: REVENUE RECLASS 353. 1 JOBS FOR THE FUTURE 50 MILK STREET BOSTON MA 02110 061164568 501(C)(3) 1813950 0 HELP INDIVIDUALS PREPARE FOR CLIMATE-RESILIENT JOBS IN THE U.S. AS WELL AS IDENTIFY LEADING TRAINING PROVIDERS, ORGANIZATIONS AND BEST PRACTICES TO DESIGN PATHWAYS TO THOSE CAREER OPPORTUNITIES. ALT FINANCE CORPORATION 800 CORPORATE POINTE CULVER CITY CA 90230 863974526 501(C)(3) 1500000 0 SUPPORT PROGRAMS FOR STUDENTS AND GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES WORLD RESOURCES INSTITUTE 10 G STREET NE SUITE 800 WASHINGTON DC 20002 521257057 501(C)(3) 456322 0 HELP BUILD THE RESILIENCE OF INDIAS MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES) IN TWO STATES TO FUTURE-PROOF THEIR BUSINESS MODELS WITHIN A CHANGING CLIMATE. CIVIC VENTURES PO BOX 29542 SAN FRANCISCO CA 94129 943274339 501(C)(3) 350000 0 HELP DESIGN AND IMPLEMENT THE FRAMEWORK FOR THE COGENERATE CHALLENGE (THE CHALLENGE), A PROGRAM THAT WILL ELEVATE THE NEED AND OPPORTUNITY FOR INTERGENERATIONAL TEAMS OF ENTREPRENEURS TO HELP PROBLEM-SOLVE SOME OF SOCIETYS DOTORG 21 BEDOK NORTH STREET BEDOK TOWN SN 469659 501(C)(3) 212563 0 HELP EXECUTE A PERSONAL FINANCE DEMONSTRATION PROJECT FOR LOW-INCOME WOMEN. OWNERSHIP WORKS 52 WEST 11TH STREET NEW YORK NY 10011 862054001 501(C)(3) 200000 0 EDUCATE INDIVIDUALS, EMPLOYEES AND COMPANIES ABOUT THE ECONOMIC AND OTHER BENEFITS OF NROAD-BASED EMPLOYEE OWNERSHIP OF BUSINESSES AND METHODS OF ADOPTING EMPLOYEE OWNERSHIP PROGRAMS BY RESERACHING, DEVELOPING AND CONDUCTING EDUCATIONAL ACTIVITIES COMMON DENOMINATORTOP HONORS PO BOX 2009 NEW YORK NY 10163 753062601 501(C)(3) 175000 0 HELP INTEGRATE PERSONAL FINANCE LESSONS INTO ITS CURRICULUM FOR MIDDLE SCHOOL STUDENTS IN GRADES 5 THROUGH 8, DEVELOP DIGITAL GAMES SO THAT STUDENTS CAN APPLY THIS KNOWLEDGE THROUGH HANDS-ON LEARNING AND DELIVER A SERIES OF PERSONAL FINANCE SEMINARS TO HELP PARENTS MAKE SMART FINANCIAL DECISIONS THAT HELP EMPOWER THEIR FAMILY COOPERATIVE FOR ASSISTANCE AND RELIEF EVERYWHERE (CARE) 151 ELLIS STREET NE ATLANTA GA 30303 131685039 501(C)(3) 117922 0 HELP BUILD THE CARE ECONOMY IN ACCORD WITH THE 5RS RECOGNITION, REDUCTION, REDISTRIBUTION, REPRESENTATION AND REWARD FOR WHAT IS TRADITIONALLY UNPAID CARE WORK. PACIFIC COMMUNITY VENTURES 1714 FRANKLIN STREET SUITE 100-347 OAKLAND CA 94612 770485877 501(C)(3) 50000 0 HELP ESTABLISH ITS GOOD JOBS INNOVATION LAB TO DEVELOP AND DISSEMINATE KNOWLEDGE PRODUCTS AS WELL AS PILOT DATA-DRIVEN INTERVENTIONS TO IMPROVE JOB QUALITY IN SMALL BUSINESSES, ESPECIALLY THOSE OPERATED BY UNDERESTIMATED OWNERS IN ECONOMICALLY DISTRESSED COMMUNITIES. STRIVE INTERNATIONAL 205 E 122ND STREET 3RD FLOOR NEW YORK NY 10035 133255679 501(C)(3) 50000 0 HELP ENHANCE ITS FLAGSHIP CAREER PATH PROGRAM THAT INCLUDES ITS WOMENS EMPOWERMENT INITIATIVE (WEI) SO WOMEN LIVING BELOW THE POVERTY LINE IN ATLANTA, GEORGIA AND NEW YORK, NEW YORK CAN INCREASE THEIR EMPLOYABILITY AND STRENGTHEN THEIR FINANCIAL SKILLS. 10 PART I, LINE 2: EMPLOYEE-DIRECTED GRANTS: REGIONAL GRANT REVIEW AND DILIGENCE COMMITTEES (GRDCS) CAN APPROVE GRANTS UP TO $250K. GRANT RECOMMENDATIONS GREATER THAN $250K ARE SUBJECT TO REVIEW AND APPROVAL BY THE GRANT APPROVAL COMMITTEE (THE GAC) AND GRANT RECOMMENDATIONS GREATER THAN $500K ARE SUBJECT TO REVIEW AND APPROVAL BY THE BOARD. THE BOARD CAN APPROVE GRANTS OVER $500K. SIGNATURE GRANTS: "STAFF" CAN RECOMMEND MULTIYEAR, MULTIMILLION DOLLAR INITIATIVES (E.G., ALTFINANCE) TO THE BOARD FOR REVIEW AND APPROVAL. X 3 47580 FMV 0 0 0 PART I, COLUMN (B): NONCASH CONTRIBUTIONS ARE LISTED BY NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND SIGNED BY BOARD SECRETARY AND AUDIT COMMITTEE MEMBER. FORM 990, PART VI, SECTION B, LINE 12C THE ARES FOUNDATION'S CONFLICT OF INTEREST POLICY REQUIRES THE ACCURATE COMPLETION OF A QUESTIONNAIRE ON AN ANNUAL BASIS BY BOARD DIRECTORS AND COMMITTEE MEMBERS. THE QUESTIONNAIRE IS UPDATED DURING THE YEAR IF CONFLICTS ARISE AND/OR CIRCUMSTANCE SUBSTANTIALLY CHANGE. BOARD DIRECTORS AND COMMITTEE MEMBERS ARE EXPECTED TO BE AWARE OF ALL CORPORATE AND PERSONAL INTERESTS AND RELATIONSHIPS THAT MAY EITHER INVOLVE OR RELATE TO THE ARES FOUNDATION IN ANY WAY. THEY MUST TRANSPARENTLY DISCLOSE THESE INTERESTS AND RELATIONSHIPS IN THE QUESTIONNAIRE, AND MUST COMPLY WITH ALL ARES FOUNDATION POLICIES AND REQUIREMENTS CONCERNING CONFLICTS OF INTEREST, ETHICS AND RELATED MATTERS. WHENEVER THERE IS REASON TO BELIEVE THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS BETWEEN ARES CHARITABLE FOUNDATION ("THE CORPORATION") AND A COVERED PERSON, THE DISINTERESTED DIRECTORS SHALL BE RESPONSIBLE FOR REVIEWING THE MATTER AND DETERMINING AN APPROPRIATE ORGANIZATIONAL RESPONSE TO PROTECT THE INTERESTS OF THE CORPORATION. IF IT IS DETERMINED THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS BETWEEN THE INTERESTS OF THE CORPORATION AND A COVERED PERSON WITH RESPECT TO A SPECIFIC PROPOSED ACTION OR TRANSACTION, THE CORPORATION SHALL REFRAIN FROM THE PROPOSED ACTION OR TRANSACTION UNTIL SUCH TIME AS THE PROPOSED ACTION OR TRANSACTION HAS BEEN APPROVED BY THE DISINTERESTED DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,016,164. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,016,164.