Arman Foundation

Organization Overview

Arman Foundation is located in Sterling Heights, MI. The organization was established in 1998. 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. Arman 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 12/2021, Arman Foundation generated $56.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $42.3k during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Arman Foundation has awarded 23 individual grants totaling $183,000. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $14,152
Net Rental Income$0
Net Gain on Sale of Assets $42,370
Capital Gain Net Income $42,370
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $56,522

Grants Awarded

Over the last fiscal year, Arman Foundation has awarded $32,000 in support to 4 organizations.

Grant RecipientAmount

BIRMINGHAM PUBLIC SCHOOLS

PURPOSE: SCHOLARSHIP FOR OUTSTANDING STUDENTS

$15,000

BIRMINGHAM YMCA

PURPOSE: GENERAL SUPPORT

$6,000

EASTERSEALS MIRACLE LEAGUE

PURPOSE: GENERAL SUPPORT

$6,000

BIRMINGHAM LITTLE LEAGUE

PURPOSE: GENERAL SUPPORT

$5,000
View Grant Profile

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