Nazareth & Nila Festekjian Family Foundation
- Assets
- $1.6m
- Revenue
- $22.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2007
- Data as of
- 12/2021
- EIN
- 20-8679656
Organization Overview
Nazareth & Nila Festekjian Family Foundation is located in Wilmington, DE. The organization was established in 2007. 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. Nazareth & Nila Festekjian Family 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, Nazareth & Nila Festekjian Family Foundation generated $22.9k 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 (23.7%) each year. All expenses for the organization totaled $75.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nazareth & Nila Festekjian Family Foundation has awarded 19 individual grants totaling $191,000. 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 |
|---|---|---|---|
Nazareth A Festekjian Pres, Dir, Sec | 1 | $0 | |
Nila Festekjian VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $168 |
| Dividends & Interest | $22,764 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,932 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,025 |
| Total operating and administrative expenses | $4,025 |
| Contributions, gifts, grants paid | $71,500 |
| Total expenses and disbursements | $75,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $389,982 |
| 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 | $1,552,807 |
| 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, Nazareth & Nila Festekjian Family Foundation has awarded $71,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ARMENIAN GENERAL BENEVOLENT UNION PURPOSE: GENERAL GRANT, ARTOUN & ALICE FESTEKJIAN EDUCATIONAL FUND | $50,000 |
Glendale, CA PURPOSE: AYB SCHOOL SCHOLARSHIP FUND | $6,000 |
New York, NY PURPOSE: PLEDGE OF DEC 11TH 2021 FOR GENERAL PURPOSE. | $5,000 |
New Milford, NJ PURPOSE: CHARITABLE EVENT | $5,000 |
NORTHWESTERN UNIVERSITY - KELLOGG SCHOOL OF MANAGE PURPOSE: ANNUAL GIVING SCHOLARSHIP FUND | $2,500 |
Paramus, NJ PURPOSE: EUGENE AND NAZELI EKMEKJI FUND | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Healthcare Foundation Of New Jersey Inc Millburn, NJ | $201,281,752 | $11,925,991 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Vf Foundation Wilmington, DE | $28,556,217 | $960,441 |
Ruth Lilly Philanthropic Foundation Wilmington, DE | $89,481,864 | $12,222,478 |
Foundation For Excellence In Higher Education Inc Princeton, NJ | $10,905,740 | $10,645,198 |
Highmark Foundation Pittsburgh, PA | $137,140,319 | $19,548,694 |
The Aileen K And Brian L Roberts Foundation Philadelphia, PA | $14,520,286 | $7,913,944 |
The Giorgi Family Foundation Temple, PA | $80,817,580 | $6,973,404 |