K T Elghanayan Family Foundation
- Assets
- $19.0m
- Revenue
- $2.6m
- Investments
- $18.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 46-4335058
Organization Overview
K T Elghanayan Family Foundation is located in New York, NY. The organization was established in 2015. 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. K T Elghanayan 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, K T Elghanayan Family Foundation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, K T Elghanayan Family Foundation has awarded 190 individual grants totaling $5,271,526. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
K Thomas Elghanayan President | 0 | $0 | |
Madeline Elghanayan Secretary | 0 | $0 | |
Jacob Elghanayan Treasurer | 0 | $0 | |
Jessica Elghanayan Shell Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $444,002 |
| Dividends & Interest | $276,858 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,764,251 |
| Capital Gain Net Income | $1,764,251 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $74,803 |
| Total Revenue | $2,559,914 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $10,416 |
| Taxes | $2,946 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $203,671 |
| Total operating and administrative expenses | $242,767 |
| Contributions, gifts, grants paid | $1,172,750 |
| Total expenses and disbursements | $1,415,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $772,692 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,324 |
| 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 | $12,421,209 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,986,317 |
| 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, K T Elghanayan Family Foundation has awarded $1,172,750 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
BLAIR ACADEMY PURPOSE: CHARITABLE | $25,000 |
BRIDGEHAMPTON CHAMBER PURPOSE: CHARITABLE | $15,000 |
CITIZENS' COMMITTEE FOR CHILDREN PURPOSE: CHARITABLE | $25,000 |
CITIZENS' COMMITTEE FOR CHILDREN PURPOSE: CHARITABLE | $50,000 |
NY ABANDONED ANGELS RESCUE PURPOSE: CHARITABLE | $50,000 |
DANIEL'S MUSIC FOUNDATION PURPOSE: CHARITABLE | $5,000 |