Jirair S And Elizabeth Hovnanian Foundation Inc
- Assets
- $6.3m
- Revenue
- $236.4k
- Investments
- $5.7m
- Employees
- 0
- Location
- Mount Laurel, NJ
- Founding
- 04/1999
- Data as of
- 06/2022
- EIN
- 22-3630232
Organization Overview
Jirair S And Elizabeth Hovnanian Foundation Inc is located in Mount Laurel, NJ. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Jirair S And Elizabeth Hovnanian Foundation 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 06/2022, Jirair S And Elizabeth Hovnanian Foundation Inc generated $236.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $645.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jirair S And Elizabeth Hovnanian Foundation Inc has awarded 102 individual grants totaling $2,157,325. 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 |
|---|---|---|---|
Stephen J Hovnanian Trustee | 1 | $0 | |
Peter J Hovnanian Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $100 |
| Dividends & Interest | $212,906 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,411 |
| Capital Gain Net Income | $23,411 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $236,417 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $22,739 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $81 |
| Total operating and administrative expenses | $145,387 |
| Contributions, gifts, grants paid | $499,586 |
| Total expenses and disbursements | $644,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $592,887 |
| Savings and temporary cash investments | $0 |
| 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 | $6,306,415 |
| 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, Jirair S And Elizabeth Hovnanian Foundation Inc has awarded $499,586 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ARMENIAN SISTERS ACADEMY PURPOSE: UNRESTRICTED | $85,000 |
ARMENIAN ASSEMBLY OF AMERICA INC PURPOSE: UNRESTRICTED | $1,000 |
ALL FOR ARMENIA PURPOSE: UNRESTRICTED | $17,586 |
ST GREGORY THE ILLUMINATOR ARMENIAN APOSTOLIC CH PURPOSE: UNRESTRICTED | $50,000 |
ARMENIA EYECARE PROJECT PURPOSE: UNRESTRICTED | $100,000 |
DIOCESE OF THE ARMENIAN CHURCH OF AMERICA PURPOSE: UNRESTRICTED | $50,000 |