Armenian Educational Foundation Inc
- Assets
- $5.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Glendale, CA
- Founding
- 09/1995
- Data as of
- 12/2021
- 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 12/2021, Armenian Educational Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 19.3% per year over the past 7 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
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 |
|---|---|---|---|
Teny Haroutunian MD Asst Secretary | OfficerTrustee | 2 | $0 |
Al Cabraloff President | OfficerTrustee | 10 | $0 |
Melody Petrossian ESQ Secretary | OfficerTrustee | 2 | $0 |
Vahe Hacopian Treasurer | OfficerTrustee | 20 | $0 |
Hermineh Pakhanians Asst Treasurer | OfficerTrustee | 20 | $0 |
Peter Baghdassarian ESQ Vice President | OfficerTrustee | 2 | $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 | $1,952,008 |
| Noncash contributions included in lines 1a–1f | $144,464 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,952,008 |
| Total Program Service Revenue | $0 |
| Investment income | $142,284 |
| 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 | $2,130,869 |
| 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 | $913,808 |
| 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 | $75,966 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,958 |
| 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 | $19,502 |
| Information technology | $5,546 |
| Royalties | $0 |
| Occupancy | $21,916 |
| 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 | $65,284 |
| Insurance | $1,701 |
| All other expenses | $0 |
| Total functional expenses | $2,004,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,038 |
| Savings and temporary cash investments | $1,907,114 |
| Pledges and grants receivable | $20,120 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,600 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,579 |
| Net Land, buildings, and equipment | $209,493 |
| Investments—publicly traded securities | $3,352,109 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,200 |
| Total assets | $5,680,253 |
| Accounts payable and accrued expenses | $42,034 |
| Grants payable | $514,579 |
| Deferred revenue | $24,500 |
| 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 | $7,197 |
| Total liabilities | $588,310 |
| Net assets without donor restrictions | $2,401,127 |
| Net assets with donor restrictions | $2,690,816 |
| 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 | $5,680,253 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Armenian Educational Foundation Inc has recieved totaling $145,698.
| Awarding Organization | Amount |
|---|---|
Armenian Wounded Heroes Fund Inc Ridgewood, NJ PURPOSE: CHARITY DONATION SUPPORT STUDENT SCHOLARSHIPS FOR VETERANS IN ARMENIA | $50,000 |
Armen & Gloria Hampar Family Foundation Toluca Lake, CA PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE TO ARMENIAN EDUCATIONAL INSTITUTIONS AND TO ASSIST STUDENTS OF ARMENIAN HERITAGE. | $40,000 |
Hagop J & Sonia L Koujakian Foundation San Francisco, CA PURPOSE: FOR EDUCATIONAL PURPOSES | $27,100 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $13,100 |
Daniel And Ludmila Sahakian Foundation State College, PA PURPOSE: 10 STUDENT SCHOLARSHIPS 21-22 ACADEMIC YEAR | $10,000 |
Tf Educational Foundation Rancho Palos Verdes, CA PURPOSE: FOR GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton Simon Art Foundation Pasadena, CA | $402,690,558 | $10,441,452 |
Reut Usa Woodland Hills, CA | $1,442,535 | $3,682,077 |
Laurie C Mcgrath Foundation San Diego, CA | $66,075,096 | $62,426,346 |
Armenian Educational Foundation Inc Glendale, CA | $5,680,253 | $2,130,869 |
William And Joanne Miller Charitable Trust Simi Valley, CA | $69,537,632 | $4,537,991 |
Latino Public Broadcasting Los Angeles, CA | $1,965,169 | $2,106,064 |
Hack The Hood Inc Oakland, CA | $1,558,755 | $1,730,354 |
Womans Club Of Hollywood Los Angeles, CA | $248,203 | $0 |
Diablo Regional Arts Association Walnut Creek, CA | $3,333,800 | $1,541,851 |
Jack Van Sickle Foundation Reno, NV | $9,650,730 | $1,661,273 |
Foundation Of Palm Springs Unified School District Palm Springs, CA | $3,246,098 | $1,243,965 |
Trichell Family Foundation Bakersfield, CA | $14,378,452 | $28,165 |