Homenetmen - Glendale Ararat Chapter Endowment Tr
- Assets
- $2.1m
- Revenue
- $47.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/2018
- Data as of
- 11/2022
- EIN
- 82-6578180
Organization Overview
Homenetmen - Glendale Ararat Chapter Endowment Tr is located in Los Angeles, CA. The organization was established in 2018. According to its NTEE Classification (N19) the organization is classified as: Support N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homenetmen - Glendale Ararat Chapter Endowment Tr 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, Homenetmen - Glendale Ararat Chapter Endowment Tr generated $47.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (52.0%) each year. All expenses for the organization totaled $20.8k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF THE SUPPORTED ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF THE SUPPORTED ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roobina Arshakian Trustee | Trustee | 15 | $0 |
Harmik Sarian Treasurer | Trustee | 15 | $0 |
Saro Kemichian Trustee | Trustee | 15 | $0 |
Hagop Tufenkjian Trustee | Trustee | 15 | $0 |
Talin Mardirossian Trustee | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $48,122 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$447 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,542 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $20,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $261,333 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,799,891 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,061,224 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,061,224 |
| Total liabilities and net assets/fund balances | $2,061,224 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Homenetmen - Glendale Ararat Chapter Endowment Tr has recieved totaling $63.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $63 |
Endowment Analysis
| Beg. Balance | $2,295,278 |
| Earnings | -$213,262 |
| Admin Expense | $19,792 |
| Grants | $1,000 |
| Ending Balance | $2,061,224 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Silicon Valley Bicycle Coalition San Jose, CA | $1,517,715 | $1,801,397 |
Mt Hood Ski Education Foundation Inc Government Camp, OR | $770,438 | $1,092,598 |
The San Jose Sports Authority San Jose, CA | $687,222 | $607,370 |
Mwfy Nmtc Holdings Albany, OR | $15,192,824 | $7,743,991 |
Polynesian Football Hall Of Fame Honolulu, HI | $82,507 | $439,945 |
Northwest Trail Alliance Inc Portland, OR | $386,604 | $400,749 |
Friends Of The Tubac Presidio And Museum Inc Tubac, AZ | $706,350 | $647,180 |
Sea Otter Classic Foundation Inc Monterey, CA | $114,259 | $0 |
Nick Pasquale Foundation San Clemente, CA | $92,612 | $0 |
Big Star Ranch Inc Molalla, OR | $8,139 | $0 |
Nevada Gay Rodeo Association Ngra Las Vegas, NV | $69,490 | $0 |
24 7 Foundation Clovis, CA | $3,362 | $0 |