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Archewell Foundation

CharityWatch report issued
February 2024

 
NOT
RATABLE
CharityWatch Grade
 

Contact Information

Archewell Foundation

Other Names

None

Tax Status

501(c)3

Stated Mission

Archewell Foundation is an impact-driven nonprofit created by the Duke and Duchess of Sussex

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Data based on Fiscal Year Ended 12/31/2022

*Why Not Ratable?

CharityWatch is currently unable to rate this organization. This does not imply a negative or positive evaluation. Please see the Analysts' Notes section for a more detailed explanation.

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
Archewell Foundation
does not meet governance benchmarks.
 
Archewell Foundation
does not meet transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy No Sharing  

  Name Title Compensation
1 James A. Holt Executive Director / President $243,050
2 Michael Dale Stein Senior Strategic Advisor $145,301
1
Name: James A. Holt
Title: Executive Director / President
Compensation: $243,050
2
Name: Michael Dale Stein
Title: Senior Strategic Advisor
Compensation: $145,301

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

CharityWatch is unable to provide a rating for Archewell Foundation based on its fiscal year ended 12/31/2022 due to the charity's short history of financial activity. CharityWatch typically waits until a charity has had 3 years of significant financial activity before applying our methodology to the organization, evaluating its financial activities, and assigning a rating. CharityWatch's inability to provide a rating for the Foundation at this time does not imply a negative or positive evaluation. 

CharityWatch contacted the Archewell Foundation on 01/22/2024 via email and U.S. Postal Service mail requesting copies of its most recent IRS Form 990 and Audited Financial Statements. As of 2/1/2024 the charity has not responded to our requests. Should it provide these documents at a future date, CharityWatch may update our profile of Archewell Foundation at that time. 

According to its fiscal 2022 IRS Form 990, which CharityWatch obtained from the organization's website, the Foundation reported raising $2,000,911 in cash contributions and spending $2,679,537 in total cash expenses that year. In its prior fiscal year 2021 reporting, The Foundation reported raising $13,004,470 in total cash contributions and spending $3,987,070 in total cash expenses, according to its IRS Form 990 of the same year. 

While Archewell Foundation's reported contributions total to an average of nearly $7.5 million per year, this average is skewed due the charity having received significantly more contributions in its first year of operations as compared to its second. This is not largely due to it receiving large grants from a few sources in its first year of operations as compared to its second. In fact, the opposite is true. 

According to the Foundation's IRS Form 990 (Schedule A, Part II, Section A), the Foundation reports that it collected $15,005,381 in "Gifts, grants, contributions, and membership fees received" during its first two years of operations. Of this amount, the "total contributions by each person (other than a governmental unit or publicly supported organization)...that exceeds 2%" per donor is reported as being only $3,699,786. Meaning, over its first two years of operations, the Foundation collected the vast majority of its contributions in the form of smaller donations from many sources. Over 50% of this $3,699,786 amount was donated in fiscal 2022, its second year of operations, according to the charity‚Äôs tax filing (IRS Form 990, Schedule B), which reports that Archewell Foundation received $1 million each that year from two different donors.