2025-04-12T08:58:25-05:00 2024-06-30 582487348 Aprio Advisory Group LLC 111 Rockville Pike Suite 600 Rockville MD 20850 990 2023-07-01 541547443 Foundation of the Arc of Northern Virginia FOUN 7032081119 3060 Williams Drive Suite 300 Fairfax VA 22031 Melissa Heifetz Executive Director 7032081119 2025-04-11 1 0 Stacy Cullen P00974308 3012316200 2025-04-11 2023 2025-03-06 01:10:19Z Melissa Heifetz 3060 Williams Drive Suite 300 Fairfax VA 22031 1161784 0 X www.thearcofnovatrust.org X 1989 VA To promote lifelong opportunities for all individuals with developmental disabilities. 6 5 0 5 0 0 180085 268139 521921 605133 40581 67579 0 0 742587 940851 103842 88461 0 0 0 0 0 0 0 732836 849052 836678 937513 -94091 3338 1888147 1947064 108119 41726 1780028 1905338 X The Foundation supports The Arc of Northern Virginia ("The Arc"). This is accomplished by managing an endowment fund investment portfolio, providing special needs trust oversight, offering strategic and operational business advice, (Continued on Schedule O)and providing entree to individuals and organizations to support The Arc. The Foundation works to ensure a secure financial future for The Arc to enable The Arc to fulfill its mission to promote and protect the human rights of people with intellectual and developmental disabilities and actively support their full inclusion and participation in the community throughout their lifetimes. 0 0 732438 605133 Special Needs Trust - The Foundation oversees special needs trust management services that provide individuals with disabilities and their family members with future planning options to ensure the needs of individuals with disabilities are adequately provided for. The Special Needs Trust Program provides professional management and support services. 88461 88461 Financial and Business Guidance - The Foundation serves as a source of financial support to The Arc, manages an endowment fund investment portfolio to support The Arc, and supports The Arc's fundraising activities. The Foundation provides guidance to ensure the long-term security of The Arc. 820899 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 0 0 X Melissa Heifetz 8553737439 PO Box 145 Round Hill VA 20142 Melissa Heifetz Executive Director 10.00 30.00 X X 0 158300 3539 Douglas M Church Jr Chair 3.00 2.00 X X 0 0 0 Alexander Yellin Secretary 1.00 0.00 X X 0 0 0 Alan Harbitter Treasurer 1.00 0.00 X X 0 0 0 Michael Zoskey Director 1.00 0.00 X 0 0 0 Jouya Rastegar Director 1.00 0.00 X 0 0 0 0 158300 3539 0 0 1 0 0 268139 268139 Trust Fees 900099 605133 605133 605133 55417 55417 233095 220933 12162 12162 12162 940851 605133 0 67579 88461 88461 685248 685248 34579 18450 16129 49680 49680 8862 8862 8558 8558 Admin Expense 40481 40481 Bad Debt 17880 17880 Trust BA Services Expen 1998 1998 Bank Fees 1241 1241 525 525 937513 820899 116614 0 36545 278471 133221 25310 319955 35880 31745 7908 5039 111956 97273 5559 14683 1285534 1591744 63545 72 1888147 1947064 9120 1784 16357 8650 56766 25876 31292 108119 41726 X 1460073 1905338 319955 0 1780028 1905338 1888147 1947064 3338 103523 18449 0 X X 1 X 0 1 0 X X 1 ARC of Northern Virginia Inc 540675506 7 1 679248 0 1 679248 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1285534 250000 147006 81922 8874 1591744 1389755 134598 -124778 103842 10199 1285534 1213287 449336 -202309 57651 12908 1389755 663292 350237 238547 29505 9284 1213287 633031 45195 36139 45216 5857 663292 1.00000 0.00000 0.00000 0 0 111956 97273 14683 14683 Due to The Arc of Northern Virginia 31292 31292 X Part IV, Line 2b: The Foundation maintains deposits on behalf of certain individuals in its special needs trust program. Amounts are disbursed from the deposits in accordance with individual agreements with the participants. The Foundation records a liability for the balance of the deposits. The deposits of $55,766 are included in savings and temporary cash investments. Part V, Line 4: The endowment is intended to support the operations for the Foundation of the Arc of Northern Virginia, as well as the Arc of Northern Virginia. Part X, Line 2: The Organization evaluates uncertainty in income tax positions based on a more-likely-than-not recognition standard. If that threshold is met, the tax position is then measured at the largest amount that is greater than 50% likely of being realized upon ultimate settlement. As of June 30, 2024 and 2023, there are no accruals for uncertain tax positions. If applicable, the Organization records interest and penalties as a component of income tax expense. Tax years from 2021 through the current year remain open for examination by federal and state tax authorities. 1 Arc of Northern Virginia Inc 3060 Williams Drive Suite 300 Fairfax VA 22031 540675506 501(c)(3) 87211 0 General Support 1 0 Part I, Line 2: The Foundation shares a board member with the Arc of Northern Virginia, Inc. and the executive director of the Arc of Northern Virginia, Inc. serves on the Foundation's board. Detailed requests are made to the Foundation board prior to granting funds. The overlap of board members allows for monitoring of use of funds donated to the Arc of Northern Virginia. 0 0 0 0 0 0 0 0 0 Melissa Heifetz Executive Director 0 158300 0 0 0 0 0 3539 0 0 0 161839 0 0 Form 990, Part VI, Section B, line 11b The board of directors review and approve the Form 990 prior to filing with the IRS. Form 990, Part VI, Section B, line 15a The compensation for the Executive Director is approved by The Arc board of directors, as part of the annual budget process. The Arc board of directors reviews executive compensation from other not-for-profit organizations that are similar in size and mission to The Arc. Form 990, Part VI, Section C, line 19 The organization provides its governing documents and financial statements to the public upon written request. Form 990, Part XII, Line 2c: There were no changes to the Organization's oversight process or selection process during the year. Arc of Northern Virginia 3060 Williams Drive Suite 300 Fairfax VA 22031 540675506 Build comm oppotunities for inds & families living with disabilities VA 501(c)(3) Line 7 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 Arc of Northern Virginia B 87211 FMV Arc of Northern Virginia M 685248 FMV Arc of Northern Virginia S FMV