Hagopian Family Foundation
- Assets
- $214.7k
- Revenue
- $17.4k
- Investments
- $213.2k
- Employees
- 0
- Location
- Birmingham, MI
- Founding
- 07/1996
- Data as of
- 12/2022
- EIN
- 38-3254491
Organization Overview
Hagopian Family Foundation is located in Birmingham, MI. The organization was established in 1996. 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. Hagopian Family 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, Hagopian Family Foundation generated $17.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $12.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Hagopian Vice President | 0.5 | $0 | |
Edmond Hagopian Director/trustee | 0.5 | $0 | |
Suzanne Hagopian Director | 0.5 | $0 | |
Angela Hagopian Snow Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $5,434 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,766 |
| Capital Gain Net Income | $11,766 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $148 |
| Total Revenue | $17,360 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $236 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60 |
| Total operating and administrative expenses | $5,008 |
| Contributions, gifts, grants paid | $7,750 |
| Total expenses and disbursements | $12,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,434 |
| 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 | $213,241 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $214,675 |
| 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, Hagopian Family Foundation has awarded $7,750 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ARMENIAN RADIO HOUR PURPOSE: DONATION | $2,500 |
INTERNATIONAL RESCUE COMMITTEE - UKRAINE PURPOSE: DONATION | $1,000 |
CITY OF FARMINGTON HILLS - THE HAWK COMMUNITY CENTER PURPOSE: DONATION | $1,500 |
ST JOHN'S ARMENIAN CHURCH PURPOSE: DONATION | $1,500 |
NATIONAL AUDOBON SOCIETY PURPOSE: DONATION | $150 |
ST SARKIS ARMENIAN CHURCH PURPOSE: DONATION | $100 |