Ani & Narod Memorial Fund Inc
- Assets
- $344.1k
- Revenue
- $28.5k
- Investments
- $337.5k
- Employees
- 0
- Location
- Studio City, CA
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 13-3790621
Organization Overview
Ani & Narod Memorial Fund Inc is located in Studio City, CA. The organization was established in 1998. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Ani & Narod Memorial Fund 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, Ani & Narod Memorial Fund Inc generated $28.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $98.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ani & Narod Memorial Fund Inc has awarded 28 individual grants totaling $517,155. 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
ARMENIA'S ARTS LIBRARY. THE PROGRAM AIMS TO JUMPSTART ARMENIA'S FIRST ARTS PUBLIC LIBRARY ENCOMPASSING BOOKS ON PERFORMING AND VISUAL ARTS. PUBLIC ARTS EDUCATION IS IMPORTANT BECAUSE IT BUILDS BRIDGES ACROSS CULTURES, CONTRIBUTES TO DEVELOPING THE CREATIVE ECONOMY IN ARMENIA, AND GIVES CITIZENS TOOLS TO ENGAGE WITH THE MODERN WORLD. CURRENTLY ARMENIA'S LIBRARIES HAVE BEEN NEGLECTED SINCE THE FALL OF THE SOVIET UNION.THE PROGRAM IS ORGANIZED BY PHASES. THE INITIAL PHASE IN WHICH ANMF WILL PARTICIPATE WILL (A) COLLECT ARTS BOOKS FROM THE ARMENIAN DIASPORA, FOREIGN EMBASSIES IN ARMENIA, AND OTHER ART RELATED FOUNDATIONS REGIONALLY AND INTERNATIONALLY. (B) ESTABLISH A CATALOGUING SYSTEM FOR THE LIBRARY BY HIRING A LIBRARIAN IN ORDER TO CATALOG ALL THE RECEIVED BOOKS (C) ENGAGE AN ART CURATOR/DIRECTOR TO DEVELOP INITIAL PUBLIC PROGRAMMING AND A PLAN FOR THE LIBRARY'S DEVELOPMENT. AS IN THE PAST, THE ANM FOUNDATION DOES NOT INTEND TO SUSTAIN THE PROGRAM IN THE LONG TERM, BUT RATHER INTENDS T
ARMENIAN MALINOIS PROJECT. THE PROGRAM AIMS TO JUMPSTART A DOG KENNEL FOR BELGIAN MALINOIS DOGS TO PRODUCE SERVICE DOGS FOR (A) SEARCH & RESCUE (B) PUBLIC SAFETY (C) YOUTH EDUCATION & SUPPORT. CURRENTLY ARMENIA DOES NOT HAVE ANY SUCH PROGRAMS FOR SERVICE DOGS. THE PROGRAM IS ORGANIZED BY PHASES. THE INITIAL PHASE WILL (A) BREED BELGIAN MALINOIS DOGS IN ARMENIA (B) IMPRINT/SOCIALIZE PUPPIES AND DONATE THEM TO SEARCH & RESCUE AND PUBLIC SAFETY AGENCIES. THE ANM FOUNDATION DOES NOT INTEND TO SUSTAIN THE PROGRAM IN THE LONG TERM, BUT RATHER INTENDS TO DEVELOP THE STARTUP PHASE OF THE KENNEL ALONG WITH THE PROCESS FOR BREEDING & TRAINING THE PUPPIES. THE PROGRAM IN YEAR 2 OR 3 WILL ESTABLISH A SEPARATE NON PROFIT IN ARMENIA AND BE SPUN OFF SEEKING ITS OWN FUNDING AND SUSTAINABILITY METHODS.
URBAN AND CONTEMPORARY ARTS PRINT COLLECTION - IS A WORK IN PROGRESS TOWARDS BUILDING AN URBAN AND CONTEMPORARY ART COLLECTION OF PRINTS IN URBAN, POP AND STREET ART GENRE THAT WILL EVENTUALLY SERVE AS A SMALL PERMANENT ART DISPLAY IN THE FUTURE ART LIBRARY SPACE, ALLOWING THE ARTS LIBRARY AUDIENCE THE OPPORTUNITY TO EXPERIENCE A GENRE OF CONTEMPORARY ART THAT IS CURRENTLY NOT REPRESENTED IN ANY OTHER MUSEUMS OR ART VENUES IN ARMENIA. ASSEMBLING THE COLLECTION IS EXPECTED TO TAKE AT LEAST 5 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raffy Ardhaldjian President | 1 | $0 | |
Malvina Ardhaldjian Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,190 |
| Interest on Savings | $4,147 |
| Dividends & Interest | $10,872 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,842 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $165 |
| Total Revenue | $28,532 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,011 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,895 |
| Printing and publications | $0 |
| Other expenses | $73,079 |
| Total operating and administrative expenses | $77,085 |
| Contributions, gifts, grants paid | $21,720 |
| Total expenses and disbursements | $98,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,436 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $147 |
| 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 | $337,515 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $344,098 |
| 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, Ani & Narod Memorial Fund Inc has awarded $21,720 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ARMENIAN CULTURAL ASSOCIATION PURPOSE: GENERAL SUPPORT | $1,000 |
NEW BIRDS NEST CHARITABLE NGO-ARMEN PURPOSE: GENERAL SUPPORT OF EXEMPT PURPOSE. | $4,200 |
AMERICAN UNIVERSITY OF ARMENIA PURPOSE: GENERAL SUPPORT OF EXEMPT PURPOSE. | $16,520 |