Armenian Educational Foundation Inc
- Assets
- $6.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Glendale, CA
- Founding
- 09/1995
- Data as of
- 12/2023
- EIN
- 95-2000503
Organization Overview
Armenian Educational Foundation Inc is located in Glendale, CA. The organization was established in 1995. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armenian Educational Foundation Inc 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 12/2023, Armenian Educational Foundation Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 14.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING GRANTS THAT CONTRIBUTE TO THE GOALS OF ARMENIAN EDUCATION AND HERITAGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT RECEIPIENTS ARE ORGANIZATIONS, SCHOOLS, CHURCHES AND INDIVIDUALS, THATINSEMINATE AND PROMOTE THE ARMENIAN HERITAGE, ITS RELIGIOUS BELEIFS, HISTORYAND LANGUAGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Cabraloff Member | Trustee | 2 | $0 |
Michelle Shrikian Member | Trustee | 2 | $0 |
Peter Baghdassarian ESQ Member | Trustee | 2 | $0 |
Teny Haroutunian MD Asst. Secretary | OfficerTrustee | 2 | $0 |
Vahe Hacopian Treasurer | OfficerTrustee | 20 | $0 |
Hermineh Pakhanians Asst Treasurer | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,250 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,057,608 |
| Noncash contributions included in lines 1a–1f | $20,059 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,075,858 |
| Total Program Service Revenue | $0 |
| Investment income | $180,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,321 |
| Net Income from Fundraising Events | $164,030 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,359,755 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,135,373 |
| 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 | $140,419 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,328 |
| 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 | $28,507 |
| Information technology | $3,654 |
| Royalties | $0 |
| Occupancy | $33,537 |
| 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 | $78,563 |
| Insurance | $2,582 |
| All other expenses | $0 |
| Total functional expenses | $2,028,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,083 |
| Savings and temporary cash investments | $874,483 |
| Pledges and grants receivable | $47,762 |
| 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 | $34,290 |
| Investments—publicly traded securities | $4,683,558 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $106,011 |
| Total assets | $6,055,187 |
| Accounts payable and accrued expenses | $8,996 |
| Grants payable | $389,231 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $944 |
| 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 | $77,400 |
| Total liabilities | $476,571 |
| Net assets without donor restrictions | $3,076,156 |
| Net assets with donor restrictions | $2,502,460 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,055,187 |