Kasper And Siroon Hovannisian Family Cultural Foundation
- Assets
- $442.2k
- Revenue
- $417.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- 04/2001
- Data as of
- 06/2023
- EIN
- 77-0558956
Organization Overview
Kasper And Siroon Hovannisian Family Cultural Foundation is located in Sherman Oaks, CA. The organization was established in 2001. 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. Kasper And Siroon Hovannisian Family Cultural 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 06/2023, Kasper And Siroon Hovannisian Family Cultural Foundation generated $417.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.7%) each year. All expenses for the organization totaled $40.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kasper And Siroon Hovannisian Family Cultural Foundation has awarded 69 individual grants totaling $242,130. 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 |
|---|---|---|---|
John Hovannisian President & CEO | 1 | $0 | |
Armen Hovannisian Treasurer | 1 | $0 | |
Dr Richard Hovannisian Secretary | 1 | $0 | |
Vernon Hovannisian CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $417 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $417 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2 |
| Total operating and administrative expenses | $1,112 |
| Contributions, gifts, grants paid | $38,925 |
| Total expenses and disbursements | $40,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $399,928 |
| 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 | $42,298 |
| Total assets | $442,226 |
| 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, Kasper And Siroon Hovannisian Family Cultural Foundation has awarded $38,925 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ARMENIAN CTR FOR NAT'L INT'L STUDIE PURPOSE: EDUCATIONAL AND SCHOLARLY RESEARCH AND WRITING PROGRAMS AND PUBLIC SEMINARS ON PEACE, SECURITY, AND CONFLICT RESOLUTION. | $20,000 |
ARMENIAN BAR ASSOCIATION PURPOSE: COMMUNITY EDUCATION PROJECTS ON CITIZEN RIGHTS AND RESPONSIBILITIES. | $1,000 |
ORRAN BENEVOLENT ORGANIZATION PURPOSE: EDUCATIONAL AND SOCIAL WELFARE CENTER FOR VULNERABLE CHILDREN, ORPHANS, AND AT-RISK YOUTH. | $2,500 |
ARMENIAN EDUCATIONAL FOUNDATION PURPOSE: ASSISTANCE TO ARMENIAN EDUCATIONAL INSTITUTIONS AND STUDENTS. | $10,000 |
MESROBIAN ARMENIAN SCHOOL PURPOSE: TO TEACH THE RELIGIOUS AND CULTURAL VALUES CHERISHED BY THE ARMENIAN APOSTOLIC CHURCH OF NORTH AMERICA. | $1,000 |
HYE HOPES PURPOSE: EDUCATIONAL RESOURCES/ASSISTANCE FOR DISPLACED CHILDREN AND TEACHER PROFESSIONAL DEVELOPMENT. | $300 |