Asbed B Zakarian & Margaret Zakarian Charitable Foundation
- Assets
- $3.4m
- Revenue
- $151.0k
- Investments
- $3.2m
- Employees
- 0
- Location
- Meredith, NH
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 04-6918749
Organization Overview
Asbed B Zakarian & Margaret Zakarian Charitable Foundation is located in Meredith, NH. The organization was established in 2003. 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. Asbed B Zakarian & Margaret Zakarian Charitable 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 12/2021, Asbed B Zakarian & Margaret Zakarian Charitable Foundation generated $151.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $164.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Asbed B Zakarian & Margaret Zakarian Charitable Foundation has awarded 46 individual grants totaling $737,766. 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 |
|---|---|---|---|
Herbert S Alexander Trustee | 1 | $0 | |
Edward Atamian Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,042 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $102,976 |
| Capital Gain Net Income | $102,976 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $151,018 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,950 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $77 |
| Total operating and administrative expenses | $39,257 |
| Contributions, gifts, grants paid | $125,300 |
| Total expenses and disbursements | $164,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,609 |
| 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 | $3,228,619 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,434,228 |
| Accounts payable and accrued expenses | $14,375 |
| 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 | $14,375 |
Grants Awarded
Over the last fiscal year, Asbed B Zakarian & Margaret Zakarian Charitable Foundation has awarded $125,300 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Burbank, CA PURPOSE: TO SUPPORT THE CHURCH'S NONPROFIT RELIGIOUS MISSION. | $50,000 |
Boston, MA PURPOSE: TO SUPPORT THE MISSION OF THE FOUNDATION. | $25,000 |
New York, NY PURPOSE: CONTINUED SUPPORT OF ARMENIAN CAUSES. | $25,000 |
Worcester, MA PURPOSE: TO SUPPORT THE CHURCH'S NONPROFIT RELIGIOUS MISSION. | $15,300 |
Trumbull, CT PURPOSE: CONTINUED SUPPORT OF ARMENIAN CAUSES. | $7,500 |
Cambridge, MA PURPOSE: CONTINUED SUPPORT OF ARMENIAN CAUSES. | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold Alfond Foundation Portland, ME | $813,380,857 | $317,083,832 |
Liberty Mutual Foundation Inc Boston, MA | $40,383,671 | $39,283,240 |
One Tree Planted Inc Shelburne, VT | $46,452,599 | $64,092,797 |
Mercer Family Foundation Waltham, MA | $54,165,721 | $38,341,516 |
Brooks Family Foundation Boston, MA | $0 | $26,552,695 |
Yawkey Foundation Ii Dedham, MA | $0 | $18,548,394 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Allen H & Selma W Berkman Charitable Trust Boston, MA | $738,750 | $104,320 |
Hausman Family Charitable Trust Boston, MA | $21,872,992 | $4,694,416 |
George I Alden Trust Worcester, MA | $212,050,748 | $45,527,501 |