Mina & Hacob Shirvanian Family Foundation Inc
- Assets
- $738.4k
- Revenue
- $25.5k
- Investments
- $727.0k
- Employees
- 0
- Location
- Glendale, CA
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 95-4619031
Organization Overview
Mina & Hacob Shirvanian Family Foundation Inc is located in Glendale, CA. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Mina & Hacob Shirvanian Family 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 12/2022, Mina & Hacob Shirvanian Family Foundation Inc generated $25.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $110.4k during the year ending 12/2022. While expenses have increased by 14.1% 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.
Since 2016, Mina & Hacob Shirvanian Family Foundation Inc has awarded 78 individual grants totaling $527,343. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Petrossian President | 2 | $0 | |
Christopher Petrossian Vice President | 2 | $0 | |
Vahak Petrossian Treasurer | 2 | $0 | |
Shant Petrossian Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,369 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,100 |
| Capital Gain Net Income | $2,100 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,469 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $910 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,975 |
| Printing and publications | $0 |
| Other expenses | $27 |
| Total operating and administrative expenses | $15,362 |
| Contributions, gifts, grants paid | $95,000 |
| Total expenses and disbursements | $110,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,411 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $738,379 |
| 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, Mina & Hacob Shirvanian Family Foundation Inc has awarded $95,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN UNIVERSITY OF ARMENIA PURPOSE: SOCIAL SERVICES | $25,600 |
ARMENIAN CULTURAL FOUNDATION PURPOSE: SOCIAL SERVICES | $7,500 |
UNITED WORLD COLLEGES USA PURPOSE: SOCIAL SERVICES | $10,000 |
ARMENIIAN NATIONAL COMMITTEE WESTER PURPOSE: SOCIAL SERVICES | $7,500 |
TEACH FOR ARMENIA PURPOSE: SOCIAL SERVICES | $5,000 |
ARMENIAN INTL WOMENS ASSOCIATION PURPOSE: SOCIAL SERVICES | $1,150 |