Stephen Philibosian Foundation
- Assets
- $6.6m
- Revenue
- $685.7k
- Investments
- $6.5m
- Employees
- 0
- Location
- Indian Wells, CA
- Founding
- 10/1969
- Data as of
- 12/2023
- EIN
- 23-7029751
Organization Overview
Stephen Philibosian Foundation is located in Indian Wells, CA. The organization was established in 1969. 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. Stephen Philibosian 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, Stephen Philibosian Foundation generated $685.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $570.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Stephen Philibosian Foundation has awarded 689 individual grants totaling $3,790,369. 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 |
|---|---|---|---|
Joyce P Stein Trustee | 1 | $0 | |
Thomas Momjian Trustee | 1 | $0 | |
Louise Danelian Trustee | 1 | $0 | |
Stephanie Landes Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $50,631 |
| Dividends & Interest | $155,176 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $479,885 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $685,692 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,583 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,032 |
| Printing and publications | $0 |
| Other expenses | $12,684 |
| Total operating and administrative expenses | $96,309 |
| Contributions, gifts, grants paid | $473,718 |
| Total expenses and disbursements | $570,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,695 |
| Savings and temporary cash investments | $109,246 |
| 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 | $1,000,556 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,613,933 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Stephen Philibosian Foundation has awarded $469,175 in support to 95 organizations.
| Grant Recipient | Amount |
|---|---|
ABP SCHOLARSHIP FUND PURPOSE: EDUCATIPON/SCHOLARSHIP | $500 |
AGBU MONOUGIAN DEMIROJIAN SCHOOL PURPOSE: EDUCATION/SCHOLARSHIP | $500 |
ACT FOR MS PURPOSE: SOCIAL SERVICE | $500 |
AMAA ORPHAN CHILD CARE FUND PURPOSE: MISSION/CHARITIES | $10,000 |
ARARAT HOME OF LOS ANGELES PURPOSE: SOCIAL SERVICE | $4,600 |
ALLIANCE OF CONFESSING EVANGELICALS PURPOSE: MISSION/CHARITIES | $500 |