Zartarian Foundation
- Assets
- $296.5k
- Revenue
- $48.9k
- Investments
- $290.4k
- Employees
- 0
- Location
- East Greenwich, RI
- Founding
- 09/1960
- Data as of
- 12/2021
- EIN
- 04-6116930
Organization Overview
Zartarian Foundation is located in East Greenwich, RI. The organization was established in 1960. 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. Zartarian 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 12/2021, Zartarian Foundation generated $48.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $47.7k during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 7 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, Zartarian Foundation has awarded 169 individual grants totaling $216,350. 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 |
|---|---|---|---|
Patricia Nanian Treasurer | 1 | $0 | |
David Nanian President | 1 | $0 | |
Daniel Basmajian Vice President | 1 | $0 | |
Gayane Ebling Secretary | 1 | $0 | |
Judith Basmajian Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,539 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,027 |
| Capital Gain Net Income | $40,027 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $287 |
| Total Revenue | $48,853 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $2,682 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $47,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,154 |
| Savings and temporary cash investments | $0 |
| 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 | $285,423 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $296,547 |
| 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, Zartarian Foundation has awarded $45,000 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
Paramus, NJ PURPOSE: UNRESTRICTED GIFT | $4,500 |
GREATER BOSTON FOOD BANK (BOSTON FOOD) PURPOSE: UNRESTRICTED GIFT | $4,000 |
RI FOOD BANK PURPOSE: UNRESTRICTED GIFT | $3,000 |
Paramus, NJ PURPOSE: UNRESTRICTED GIFT | $3,000 |
WORLD CENTRAL KITCHEN PURPOSE: UNRESTRICTED GIFT | $3,000 |
2ND CONGREGATIONAL CHURCH PURPOSE: UNRESTRICTED GIFT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
William J & Lia G Poorvu Family Foundation Cambridge, MA | $120,261,343 | $11,453,242 |
Shapiro Foundation Needham, MA | $157,349,001 | $11,545,549 |
New Balance Foundation Boston, MA | $152,561,164 | $17,219,252 |
Dorot Foundation Providence, RI | $152,678,758 | $11,417,261 |
Linde Family Foundation Boston, MA | $189,813,343 | $18,266,253 |
Nancy Lurie Marks Family Foundation Wellesley, MA | $0 | $8,374,794 |
Abrams Foundation Inc Boston, MA | $0 | $18,931,017 |
James S Mcdonnell Family Foundation Inc Lincoln, MA | $112,136,511 | $18,539,492 |
The Childrens Investment Fund Foundation West Hartford, CT | $147,469,388 | $4,068,315 |
Highland Street Connection Newton, MA | $74,050,006 | $4,748,542 |
Leir Foundation Inc Ridgefield, CT | $108,810,861 | $16,743,415 |