Howard Karagheusian Comm Corp
- Assets
- $34.2m
- Revenue
- $3.4m
- Investments
- $26.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1993
- Data as of
- 12/2021
- EIN
- 13-6149578
Organization Overview
Howard Karagheusian Comm Corp is located in New York, NY. The organization was established in 1993. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Howard Karagheusian Comm Corp 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, Howard Karagheusian Comm Corp generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Howard Karagheusian Comm Corp has awarded 16 individual grants totaling $15,355,796. 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
ARMENIA: IN ARMENIA, THE FOUNDATION PROVIDES HEALTH, MEDICAL AND SOCIAL SERVICES TO DESTITUTE CHILDREN AND THEIR FAMILIES. A PEDIATRIC CLINIC, DENTAL CLINIC AND SOCIAL CENTER IS MAINTAINED AND OPERATED BY THE FOUNDATION, AND EMPLOYS SOCIAL WORKERS,DOCTORS, DENTISTS AND NURSES.
LEBANON:IN LEBANON, THE FOUNDATION PROVIDES HEALTH, MEDICAL AND SOCIAL SERVICES TO DESTITUTE CHILDREN AND THEIR FAMILIES. A PEDIATRIC CLINIC, DENTAL CLINIC AND SOCIAL CENTER IS MAINTAINED AND OPERATED BY THE FOUNDATION, AND EMPLOYS SOCIAL WORKERS, DOCTORS, DENTISTS AND NURSES. IN ADDITION, THE FOUNDATION PROVIDES A SCHOOL HEALTH PROGRAM AND EXAMINES THE SCHOOL CHILDREN IN THE BEIRUT AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irina Lazarian Managing Direct | 60 | $170,000 | |
Suzanne M Akian Trustee | 3 | $0 | |
Dennis R Tarzian Trustee | 3 | $0 | |
Richard J Varadian Treas/sec | 3 | $0 | |
Harry S Cherken Jr ESQ Vice President | 3 | $0 | |
Haig Najarian Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,207,796 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,801,125 |
| Capital Gain Net Income | $1,801,125 |
| Net ST Capital Gain | $1,801,125 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $434,790 |
| Total Revenue | $3,447,711 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $177,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $20,662 |
| Interest | $0 |
| Taxes | $15,729 |
| Depreciation | $0 |
| Occupancy | $83,271 |
| Travel, conferences, and meetings | $30,482 |
| Printing and publications | $282 |
| Other expenses | $34,888 |
| Total operating and administrative expenses | $607,677 |
| Contributions, gifts, grants paid | $3,254,747 |
| Total expenses and disbursements | $3,862,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,929 |
| Savings and temporary cash investments | $7,631,122 |
| 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 | $18,873 |
| Total assets | $34,186,048 |
| 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, Howard Karagheusian Comm Corp has awarded $3,254,747 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARMENIA PURPOSE: IN ARMENIA, THE FOUNDATION PROVIDES HEALTH, MEDICAL AND SOCIAL SERVICES TO DESTITUTE CHILDREN AND THEIR FAMILIES. A PEDIATRIC CLINIC, DENTAL CLINIC AND SOCIAL CENTER IS MAINTAINED AND OPERATED BY THE FOUNDATION, AND EMPLOYS SOCIAL WORKERS,DOCTORS, DENTISTS AND NURSES. | $2,461,311 |
LEBANON PURPOSE: IN LEBANON, THE FOUNDATION PROVIDES HEALTH, MEDICAL AND SOCIAL SERVICES TO DESTITUTE CHILDREN AND THEIR FAMILIES. A PEDIATRIC CLINIC, DENTAL CLINIC AND SOCIAL CENTER IS MAINTAINED AND OPERATED BY THE FOUNDATION, AND EMPLOYS SOCIAL WORKERS, DOCTORS, DENTISTS AND NURSES. IN ADDITION, THE FOUNDATION PROVIDES A SCHOOL HEALTH PROGRAM AND EXAMINES THE SCHOOL CHILDREN IN THE BEIRUT AREA. | $793,436 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Howard Karagheusian Comm Corp has recieved totaling $23,989.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $23,989 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grace Farms Foundation New Canaan, CT | $127,278,874 | $14,337,032 |
Build Health International Inc Beverly, MA | $9,391,112 | $16,132,621 |
China Medical Board Inc Cambridge, MA | $0 | $15,367,231 |
Rubin Museum Of Art New York, NY | $219,341,965 | $20,862,684 |
Pussycat Foundation New York, NY | $113,070,433 | $12,403,154 |
Tippet Rise Foundation New York, NY | $46,097,612 | $11,599,378 |
Gerry Foundation Inc Liberty, NY | $111,892,284 | $11,122,515 |
Moise Y Safra Foundation Inc New York, NY | $57,760,218 | $6,334,851 |
Rockefeller Archive Center Sleepy Hollow, NY | $198,097,366 | $11,995,066 |
Black River Outdoor Education Program Inc Great Neck, NY | $0 | $235,026 |
Tiger Baron Foundation Inc New York, NY | $135,800,192 | $10,090,454 |
Institute For Aegean Prehistory New York, NY | $0 | $4,040,162 |