Charlie Keyan Armenian Community School
- Assets
- $3.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Clovis, CA
- Founding
- 04/1979
- Data as of
- 08/2021
- EIN
- 94-2459753
Organization Overview
Charlie Keyan Armenian Community School is located in Clovis, CA. The organization was established in 1979. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlie Keyan Armenian Community School 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 08/2021, Charlie Keyan Armenian Community School generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $1.2m during the year ending 08/2021. While expenses have increased by 2.1% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A SCHOOL AND IT'S INCOME IS FROM TUITION AND RELATED FEES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A SCHOOL WHICH PROVIDES ELEMENTARY EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marine Peters Director | Trustee | 2 | $0 |
Hoori Kalamkarian Secretary | OfficerTrustee | 2 | $0 |
Diko Chekian Treasurer | OfficerTrustee | 2 | $0 |
Kathleen Bergen Director | Trustee | 2 | $0 |
Nyrie Karkazian Director | Trustee | 2 | $0 |
Maral Kismetian Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $320,634 |
| Investment income | $204,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,246,196 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $668,605 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $56,923 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,353 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,198 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,064 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,400 |
| Insurance | $25,920 |
| All other expenses | $0 |
| Total functional expenses | $1,171,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,382 |
| Savings and temporary cash investments | $1,198,673 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $628,247 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,295,399 |
| Accounts payable and accrued expenses | $21,143 |
| Grants payable | $0 |
| Deferred revenue | $778,372 |
| 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 | $415,016 |
| Unsecured mortgages and notes payable | $125,947 |
| Other liabilities | $0 |
| Total liabilities | $1,340,478 |
| Net assets without donor restrictions | $756,248 |
| Net assets with donor restrictions | $1,198,673 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,954,921 |