Akian Foundation
- Assets
- $3.4m
- Revenue
- $773.9k
- Investments
- $2.9m
- Employees
- 0
- Location
- Valencia, CA
- Founding
- 07/2009
- Data as of
- 11/2022
- EIN
- 26-3913336
Organization Overview
Akian Foundation is located in Valencia, CA. The organization was established in 2009. 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. Akian 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 11/2022, Akian Foundation generated $773.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (39.3%) each year. All expenses for the organization totaled $401.0k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Akian Foundation has awarded 23 individual grants totaling $739,000. 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 |
|---|---|---|---|
Zaven P Akian Director | 5 | $0 | |
Lena G Akian CFO & Vice President | 5 | $0 | |
Sonia Akian Director | 5 | $0 | |
Haig P Akian President | 5 | $0 | |
Lori J Stephan Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $409,510 |
| Interest on Savings | $6,391 |
| Dividends & Interest | $62,442 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $295,569 |
| Capital Gain Net Income | $412,557 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $773,912 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,229 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,506 |
| Printing and publications | $0 |
| Other expenses | $1,630 |
| Total operating and administrative expenses | $37,498 |
| Contributions, gifts, grants paid | $363,500 |
| Total expenses and disbursements | $400,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $567,761 |
| 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 | $0 |
| Total assets | $3,418,956 |
| 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, Akian Foundation has awarded $363,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Burbank, CA PURPOSE: GENERAL FUND | $150,000 |
AMERICAN UNIVERSITY OF ARMENIA PURPOSE: GENERAL FUND | $55,000 |
Garden City, NY PURPOSE: GENERAL FUND | $30,000 |
VEM USA PURPOSE: GENERAL FUND | $25,000 |
Miami Beach, FL PURPOSE: GENERAL FUND | $25,000 |
ANCA PURPOSE: GENERAL FUND | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |