Noubar & Anna Afeyan Foundation
- Assets
- $356.1k
- Revenue
- $2.3m
- Investments
- $92.0k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2000
- Data as of
- 12/2023
- EIN
- 04-3489109
Organization Overview
Noubar & Anna Afeyan Foundation is located in Wilmington, DE. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Noubar & Anna Afeyan Foundation 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, Noubar & Anna Afeyan Foundation generated $2.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 0.9% 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.
Since 2015, Noubar & Anna Afeyan Foundation has awarded 179 individual grants totaling $19,091,980. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noubar B Afeyan Trustee | 5 | $0 | |
Anna K Afeyan Gunnarson Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,784,360 |
| Interest on Savings | $1,726 |
| Dividends & Interest | $3,835 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$525,659 |
| Capital Gain Net Income | $736,727 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $170 |
| Total Revenue | $2,264,432 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,552 |
| Total operating and administrative expenses | $74,040 |
| Contributions, gifts, grants paid | $2,216,823 |
| Total expenses and disbursements | $2,290,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $264,170 |
| 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 | $356,120 |
| 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, Noubar & Anna Afeyan Foundation has awarded $2,216,823 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ARMENIAN GENERAL BENEVOLENT UNION PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
ARMENIAN INTERNATIONAL WOMENS ASSOCIATION INC PURPOSE: TO SUPPORT PROJECTS BENEFITTING THE DISPLACED PEOPLE OF ARTSAKH | $5,000 |
ARMENIAN ASSEMBLY OF AMERICA INC PURPOSE: GENERAL & UNRESTRICTED | $25,750 |
ARMENIAN MISSIONARY ASSOC OF AMER INC PURPOSE: GENERAL & UNRESTRICTED | $5,130 |
AURORA HUMANITARIAN INITIATIVE FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $1,030,000 |
BEACON ACADEMY INC PURPOSE: GENERAL & UNRESTRICTED | $215,000 |