Khachaturian Foundation
- Assets
- $25.9m
- Revenue
- $142.6k
- Investments
- $25.6m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 12/2001
- Data as of
- 12/2022
- EIN
- 94-3337684
Organization Overview
Khachaturian Foundation is located in San Francisco, 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. Khachaturian 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, Khachaturian Foundation generated $142.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (36.5%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Khachaturian Foundation has awarded 222 individual grants totaling $8,825,075. 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 |
|---|---|---|---|
Natasha Khachaturian Azzam President & CEO | 2 | $0 | |
Ahmed Azzam CFO | 1 | $0 | |
Daphne Kavich Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $665,692 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$523,064 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $142,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58,621 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $136,799 |
| Total operating and administrative expenses | $208,395 |
| Contributions, gifts, grants paid | $1,520,000 |
| Total expenses and disbursements | $1,728,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,143 |
| Savings and temporary cash investments | $0 |
| 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 | $3,442 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $25,633,783 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,858,368 |
| 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, Khachaturian Foundation has awarded $1,520,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
CORA PURPOSE: GENERAL PURPOSE | $20,000 |
ANCA ENDOWMENT FD PURPOSE: GENERAL PURPOSE | $30,000 |
KZV ARMENIAN SCHOOL PURPOSE: GENERAL PURPOSE | $50,000 |
AREMIAN FUND PURPOSE: GENERAL PURPOSE | $50,000 |
CHILDRENS MIRACLE NETWORK PURPOSE: GENERAL PURPOSE | $30,000 |
DIRECT RELIEF PURPOSE: GENERAL PURPOSE | $100,000 |