Asbed B Zakarian & Margaret Zakarian Charitable Foundation
- Assets
- $2.8m
- Revenue
- $114.3k
- Investments
- $2.7m
- Employees
- 0
- Location
- Meredith, NH
- Founding
- 07/2003
- Data as of
- 12/2022
- EIN
- 04-6918749
Organization Overview
Asbed B Zakarian & Margaret Zakarian Charitable Foundation is located in Meredith, NH. The organization was established in 2003. 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. Asbed B Zakarian & Margaret Zakarian Charitable 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 12/2022, Asbed B Zakarian & Margaret Zakarian Charitable Foundation generated $114.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $286.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Asbed B Zakarian & Margaret Zakarian Charitable Foundation has awarded 56 individual grants totaling $987,416. 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 |
|---|---|---|---|
Herbert S Alexander Trustee | 1 | $0 | |
Edward Atamian Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,949 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $63,372 |
| Capital Gain Net Income | $63,372 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $114,321 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $173 |
| Total operating and administrative expenses | $36,504 |
| Contributions, gifts, grants paid | $249,650 |
| Total expenses and disbursements | $286,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,419 |
| 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 | $2,691,043 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,763,462 |
| Accounts payable and accrued expenses | $10,875 |
| 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 | $10,875 |
Grants Awarded
Over the last fiscal year, Asbed B Zakarian & Margaret Zakarian Charitable Foundation has awarded $249,650 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ARMENIAN CHURCH OF OUR SAVIOR PURPOSE: TO SUPPORT THE CHURCH'S NONPROFIT RELIGIOUS MISSION. | $129,650 |
ARMENIAN CHURCH OF THE HOLY ASCENSION PURPOSE: CONTINUED SUPPORT OF ARMENIAN CAUSES. | $2,500 |
DIOCESE OF THE ARMENIAN CHURCH OF AMERICA (EASTERN) PURPOSE: CONTINUED SUPPORT OF ARMENIAN CAUSES. | $25,000 |
FUND FOR ARMENIAN RELIEF PURPOSE: CONTINUED SUPPORT OF ARMENIAN CAUSES. | $2,000 |
HOLY TRINITY ARMENIAN CHURCH OF GREATER BOSTON PURPOSE: CONTINUED SUPPORT OF ARMENIAN CAUSES. | $2,000 |
ARMENIAN ASSEMBLY OF AMERICA PURPOSE: CONTINUED SUPPORT OF ARMENIAN CAUSES. | $15,000 |