Armen & Bersabe Jerejian Foundation
- Assets
- $360.3k
- Revenue
- $85.7k
- Investments
- $291.9k
- Employees
- 0
- Location
- Fair Lawn, NJ
- Founding
- 01/1986
- Data as of
- 12/2022
- EIN
- 22-2628713
Organization Overview
Armen & Bersabe Jerejian Foundation is located in Fair Lawn, NJ. The organization was established in 1986. 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. Armen & Bersabe Jerejian 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 12/2022, Armen & Bersabe Jerejian Foundation generated $85.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $102.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Armen & Bersabe Jerejian Foundation has awarded 34 individual grants totaling $260,850. 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 |
|---|---|---|---|
Suzanne Tiren Secretary | 5 | $10,000 | |
Rita Jerejian President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $742 |
| Dividends & Interest | $10,252 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,749 |
| Capital Gain Net Income | $74,749 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,743 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $979 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,680 |
| Total operating and administrative expenses | $80,503 |
| Contributions, gifts, grants paid | $22,000 |
| Total expenses and disbursements | $102,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $68,438 |
| 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 | $39,625 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $360,340 |
| 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 | $4,412 |
| Total liabilities | $4,412 |
Grants Awarded
Over the last fiscal year, Armen & Bersabe Jerejian Foundation has awarded $22,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST LEON ARMENIAN CHURCH PURPOSE: ARMENIAN SCHOOL FUND | $1,500 |
SAGAGUIAN L MEGUERDITCHIAN COLLEGE PURPOSE: SCHOLARSHIPS FOR NEEDY STUDENTS | $20,500 |