Vartkess And Rita Balian Family Foundation Inc
- Assets
- $525.4k
- Revenue
- $105.4k
- Investments
- $331.7k
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 11/2002
- Data as of
- 12/2022
- EIN
- 02-0602788
Organization Overview
Vartkess And Rita Balian Family Foundation Inc is located in Arlington, VA. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vartkess And Rita Balian Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Vartkess And Rita Balian Family Foundation Inc has awarded 196 individual grants totaling $226,223. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita S Balian Director & President | 1 | $0 | |
Gregory S Balian Director & Vice-President | 1 | $0 | |
Raffi V Balian Director & Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $339 |
| Dividends & Interest | $9,587 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $95,450 |
| Capital Gain Net Income | $95,450 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $105,376 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,575 |
| Total operating and administrative expenses | $15,075 |
| Contributions, gifts, grants paid | $29,473 |
| Total expenses and disbursements | $44,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,189 |
| Savings and temporary cash investments | $160,532 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $151,471 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $525,387 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Vartkess And Rita Balian Family Foundation Inc has awarded $29,473 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ARMENIAN AMERICAN CULTURAL ASSOCIATION INC PURPOSE: PROVIDE SUPPORT FOR WOMENS HEALTH CARE FACILITY IN ARMENIA | $10,000 |
ST MARY ARMENIAN APOSTOLIC CHURCH PURPOSE: RELIGIOUS BENEVOLENCE | $2,000 |
ST NERSESS ARMENIAN SEMINARY PURPOSE: EDUCATIONAL PROGRAM SUPPORT | $1,000 |
YOUNG CONCERT ARTISTS INC PURPOSE: PERFORMINGS ARTS PROGRAM SUPPORT | $1,000 |
ARMENIAN ASSEMBLY OF AMERICA PURPOSE: CULTURAL PROGRAM SUPPORT PROMOTING US-ARMENIAN RELATIONS | $1,000 |
EASTERN DIOCESE OF THE ARMENIAN CHURCH OF AMERICA PURPOSE: RELIGIOUS BENEVOLENCE | $2,000 |