Howard Karagheusian Comm Corp
- Assets
- $31.9m
- Revenue
- $834.3k
- Investments
- $25.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1993
- Data as of
- 12/2022
- EIN
- 13-6149578
Organization Overview
Howard Karagheusian Comm Corp is located in New York, NY. The organization was established in 1993. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Howard Karagheusian Comm Corp 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, Howard Karagheusian Comm Corp generated $834.3k 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 (17.2%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Howard Karagheusian Comm Corp has awarded 23 individual grants totaling $20,776,168. 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
ARMENIA: IN ARMENIA, THE FOUNDATION PROVIDES HEALTH, MEDICAL AND SOCIAL SERVICES TO DESTITUTE CHILDREN AND THEIR FAMILIES. A PEDIATRIC CLINIC, DENTAL CLINIC AND SOCIAL CENTER IS MAINTAINED AND OPERATED BY THE FOUNDATION, AND EMPLOYS SOCIAL WORKERS,DOCTORS, DENTISTS AND NURSES.
LEBANON:IN LEBANON, THE FOUNDATION PROVIDES HEALTH, MEDICAL AND SOCIAL SERVICES TO DESTITUTE CHILDREN AND THEIR FAMILIES. A PEDIATRIC CLINIC, DENTAL CLINIC AND SOCIAL CENTER IS MAINTAINED AND OPERATED BY THE FOUNDATION, AND EMPLOYS SOCIAL WORKERS, DOCTORS, DENTISTS AND NURSES. IN ADDITION, THE FOUNDATION PROVIDES A SCHOOL HEALTH PROGRAM AND EXAMINES THE SCHOOL CHILDREN IN THE BEIRUT AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry S Cherken Jr ESQ President | 3 | $0 | |
Richard J Varadian Treasurer/secretary | 3 | $39,000 | |
Dennis R Tarzian Vice President | 3 | $0 | |
Suzanne Akian Trustee | 3 | $0 | |
Ann Giragosian Daw Trustee | 3 | $0 | |
Raffi Charles Tokatlian Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,266 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,185,433 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$354,433 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $834,266 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $229,000 |
| Other employee salaries and wages | $8 |
| Pension plans, employee benefits | $91,400 |
| Interest | $0 |
| Taxes | $54,666 |
| Depreciation | $0 |
| Occupancy | $74,246 |
| Travel, conferences, and meetings | $46,951 |
| Printing and publications | $0 |
| Other expenses | $55,591 |
| Total operating and administrative expenses | $715,689 |
| Contributions, gifts, grants paid | $2,428,600 |
| Total expenses and disbursements | $3,144,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,943 |
| Savings and temporary cash investments | $6,480,178 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $18,873 |
| Total assets | $31,876,025 |
| 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, Howard Karagheusian Comm Corp has awarded $2,428,600 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JINISHIAN MEMORIAL PROGRAM PURPOSE: HEALTHCARE AND SOCIAL SERVICES FOR CHILDREN | $100,000 |
THE HOWARD KARAGHEUSIAN MBPO ARMENIA PURPOSE: HEALTHCARE AND SOCIAL SERVICES FOR CHILDREN | $1,610,000 |
ARMENIA ARTSAKH FUND PURPOSE: HEALTHCARE AND SOCIAL SERVICES FOR CHILDREN | $6,400 |
KARAGHEUSIAN ASSOCIATION FOR CHILDREN WELFARE PURPOSE: HEALTHCARE AND SOCIAL SERVICES FOR CHILDREN | $712,200 |