Vartkess And Rita Balian Family Foundation Inc
- Assets
- $464.6k
- Revenue
- $55.9k
- Investments
- $451.8k
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 11/2002
- Data as of
- 12/2021
- EIN
- 02-0602788
Organization Overview
Vartkess And Rita Balian Family Foundation Inc is located in Arlington, VA. The organization was established in 2002. 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. Vartkess And Rita Balian 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.
Since 2015, Vartkess And Rita Balian Family Foundation Inc has awarded 216 individual grants totaling $258,750. 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
2021
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 |
|---|---|---|---|
Raffi V Balian Director & Secretary/treasurer | 1 | $0 | |
Gregory S Balian Director & Vice-President | 1 | $0 | |
Rita S Balian Director & President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $11,099 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,784 |
| Capital Gain Net Income | $44,784 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,889 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,662 |
| Total operating and administrative expenses | $8,662 |
| Contributions, gifts, grants paid | $42,300 |
| Total expenses and disbursements | $50,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,966 |
| Savings and temporary cash investments | $8,744 |
| 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 | $112,697 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $464,559 |
| 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, Vartkess And Rita Balian Family Foundation Inc has awarded $42,300 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: PROVIDE SUPPORT FOR WOMENS HEALTH CARE FACILITY IN ARMENIA | $10,000 |
Washington, DC PURPOSE: RELIGIOUS BENEVOLENCE | $4,750 |
AURORA HUMANITARIAN INITIATIVE FOUNDATION PURPOSE: SUPPORT FOR SEC.501(C)(3) ORGANIZATION | $2,500 |
New York, NY PURPOSE: RELIGIOUS BENEVOLENCE | $2,500 |
Armonk, NY PURPOSE: EDUCATIONAL PROGRAM SUPPORT | $1,500 |
Paramus, NJ PURPOSE: RELIGIOUS BENEVOLENCE | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Hazel Ruby Mcquain Charitable Tr Morgantown, WV | $103,286,088 | $9,092,496 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Reinhart Foundation Richmond, VA | $39,727,277 | $36,137,915 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Charles T Bauer Charitable Foundation Baltimore, MD | $0 | $6,889,193 |
Oak Hill Fund Charlottesville, VA | $99,384,131 | $7,166,197 |
Marriott Daughters Foundation Bethesda, MD | $79,408,936 | $2,865,441 |
Sylvan C Herman Foundation Inc Washington, DC | $0 | $6,659,474 |
Naomi And Nehemiah Cohen Foundation Virginia Corporation Bethesda, MD | $106,455,928 | $12,590,743 |