Haigazian University Inc
- Assets
- $9.2m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 06/2001
- Data as of
- 08/2021
- EIN
- 98-0233371
Organization Overview
Haigazian University Inc is located in null. The organization was established in 2001. According to its NTEE Classification (B40) the organization is classified as: Higher Education, 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. Haigazian University 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 08/2021, Haigazian University Inc generated $7.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $7.1m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 years. 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
HAIGAZIAN UNIVERSITY PROVIDES EDUCATION OF THE HIGHEST QUALITY IN A CHRISTIAN ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HIGHER EDUCATION TO APPROXIMATELY 641 FULL TIME STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Dr Paul Haidostian PHD President | OfficerTrustee | 40 | $0 |
Dr Hasmig Baran Edd Trustee | OfficerTrustee | 1 | $0 |
Mr John Sagherian Trustee | OfficerTrustee | 1 | $0 |
Mr Zaven Khanjian Trustee, Ex-Officio | Trustee | 1 | $0 |
Dr Nazareth Darakjian MD Trustee, Ex-Officio | Trustee | 1 | $0 |
Dr Hrag Marganian MD Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $869,350 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $732,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,601,890 |
| Total Program Service Revenue | $5,084,420 |
| Investment income | $106,769 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $565,837 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,367,790 |
| 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 | $1,708,249 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,000 |
| Compensation of current officers, directors, key employees. | $69,550 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,586,589 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $233,037 |
| Advertising and promotion | $15,347 |
| Office expenses | $162,916 |
| Information technology | $106,694 |
| Royalties | $0 |
| Occupancy | $388,361 |
| Travel | $14,761 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,499 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $258,559 |
| Insurance | $19,111 |
| All other expenses | $129,175 |
| Total functional expenses | $7,084,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $737,850 |
| Savings and temporary cash investments | $895,798 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $135,399 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $65,491 |
| Prepaid expenses and deferred charges | $47,106 |
| Net Land, buildings, and equipment | $5,007,893 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,313,115 |
| Total assets | $9,202,652 |
| Accounts payable and accrued expenses | $301,930 |
| Grants payable | $0 |
| Deferred revenue | $126,569 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,192,350 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $267,820 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,888,669 |
| Net assets without donor restrictions | $4,055,366 |
| Net assets with donor restrictions | $2,258,617 |
| 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 | $9,202,652 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Haigazian University Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: Education | $10,000 |
Endowment Analysis
| Beg. Balance | $1,002,097 |
| Ending Balance | $1,002,097 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American School Of Milan | $34,975,339 | $18,900,429 |
Merton College | $449,219,486 | $18,363,821 |
Ivey Business School Foundation | $20,172,840 | $19,210,645 |
Meshi Early Childhood Development Center | $5,883,216 | $13,639,348 |
American Community School Of Athens Inc | $15,243,298 | $15,045,122 |
Murray Edwards College | $162,670,746 | $11,953,473 |
American Overseas School Of Rome Inc | $18,906,338 | $12,703,963 |
Shawnigan Lake School Foundation | $90,167,766 | $9,575,715 |
Huo Family Foundation | $180,782,473 | $30,378,058 |
Haigazian University Inc | $9,202,652 | $7,367,790 |
Bishops University Foundation | $68,918,258 | $5,331,274 |
Black Heart Foundation Us | $374,009 | $2,243,879 |