Alan K And Isabelle Derkazarian Foundation
- Assets
- $1.3m
- Revenue
- $451.6k
- Investments
- $1.3m
- Employees
- 0
- Location
- Belmont, MA
- Founding
- 05/2006
- Data as of
- 12/2023
- EIN
- 02-0762484
Organization Overview
Alan K And Isabelle Derkazarian Foundation is located in Belmont, MA. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Alan K And Isabelle Derkazarian Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Alan K And Isabelle Derkazarian Foundation generated $451.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $252.7k during the year ending 12/2023. While expenses have increased by 20.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Alan K And Isabelle Derkazarian Foundation has awarded 268 individual grants totaling $1,115,798. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan H Derkazarian Trustee | 8 | $16,200 | |
Isabelle Derkazarian Trustee | 0.25 | $0 | |
Susan Derkazarian Trustee | 0.25 | $0 | |
Mark C Derkazarian Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $249,425 |
| Interest on Savings | $486 |
| Dividends & Interest | $65,964 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $135,746 |
| Capital Gain Net Income | $135,746 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $451,621 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,200 |
| Other employee salaries and wages | $6,019 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,246 |
| Depreciation | $160 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,596 |
| Total operating and administrative expenses | $42,646 |
| Contributions, gifts, grants paid | $210,011 |
| Total expenses and disbursements | $252,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,414 |
| 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 | $242 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $67,149 |
| Net Land, buildings, and equipment | $240 |
| Other assets | $42 |
| Total assets | $1,302,933 |
| 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 | $1,461 |
| Total liabilities | $1,461 |
Grants Awarded
Over the last fiscal year, Alan K And Isabelle Derkazarian Foundation has awarded $210,011 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
ST JAMES ARMENIAN APOSTOLIC CHURCH PURPOSE: TO HELP FUND ACQUISITION OF WATERTOWN LIBRARY PROPERTY ADJACENT TO THE CHURCH'S PROPERTY. | $25,000 |
BELMONT HILL SCHOOL PURPOSE: ANNUAL FUND | $1,000 |
NATL ASSN FOR ARMENIAN STUDIES AND PURPOSE: UNRESTRICTED | $8,000 |
BOSTON CHILDRENS HOSPITAL PURPOSE: EVERY CHILD FUND | $4,000 |
DANA FARBER CANCER INSTITUTE PURPOSE: THE JIMMY FUND | $1,545 |
THE COLLEGE LIGHT OPERA COMPANY PURPOSE: ANNUAL FUND | $5,000 |