Souren Maroukian Trust To Perpetuate Armenian Culture
- Assets
- $113.3k
- Revenue
- $72.9k
- Investments
- $84.9k
- Employees
- 0
- Location
- Ventnor City, NJ
- Founding
- 01/1992
- Data as of
- 12/2023
- EIN
- 22-2905339
Organization Overview
Souren Maroukian Trust To Perpetuate Armenian Culture is located in Ventnor City, NJ. The organization was established in 1992. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Souren Maroukian Trust To Perpetuate Armenian Culture 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 12/2023, Souren Maroukian Trust To Perpetuate Armenian Culture generated $72.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 46.2% each year . All expenses for the organization totaled $7.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,582 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $71,331 |
| Capital Gain Net Income | $71,331 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $72,913 |
| 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 | $1,247 |
| Total operating and administrative expenses | $1,847 |
| Contributions, gifts, grants paid | $5,500 |
| Total expenses and disbursements | $7,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,312 |
| 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 | $113,259 |
| 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, Souren Maroukian Trust To Perpetuate Armenian Culture has awarded $5,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PROJECT SAVE PURPOSE: TO ASSEST THIS ORGANIZATION IN ITS STATED PURPOSE OF PRESERVING ARMENIAN HISTORY. | $500 |
THE PAROS FOUNDATION PURPOSE: ASSITANCE TO ORPHANAGE | $5,000 |