Garni Foundation
- Assets
- $145.2k
- Revenue
- $1.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-1742291
Organization Overview
Garni Foundation is located in Los Angeles, CA. The organization was established in 2009. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garni 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, Garni Foundation generated $1.0k 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 (46.6%) each year. All expenses for the organization totaled $373.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Garni Foundation has awarded 65 individual grants totaling $571,433. 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
THE FOUNDATION PURCHASED, PLACED AND MAINTAINED A SIGNIGICANT NUMBER OF LARGE COLLECTION CONTAINERS IN AND AROUND THE LOS ANGELES AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Silvia Tchakmakjian Dir / Pres | 10 | $0 | |
Michael Tchakmakjian Dir Cfo/sec | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $1,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76,999 |
| Total operating and administrative expenses | $81,559 |
| Contributions, gifts, grants paid | $292,083 |
| Total expenses and disbursements | $373,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,195 |
| 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 | $145,195 |
| 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, Garni Foundation has awarded $292,083 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
REPUBLIC OF ARMENIA PURPOSE: TO FUND THE CHARITABLE PURPOSES OF THE ORGANIZATION | $278,583 |
CHAMLIAN ARMENIAN SCHOOL PURPOSE: TO FUND THE CHARITABLE PURPOSES OF THE FOUNDATION | $10,000 |
ARMENIAN RELIEF SOCIETY PURPOSE: TO FUND THE CHARITABLE PURPOSES OF THE ORGANIZATION | $1,000 |
ARMENIAN CULTURAL FOUNDATION PURPOSE: TO FUND THE CHARITABLE PURPOSES OF THE ORGANIZATION | $1,000 |
TALIN CHILDRENS FOUNDATION PURPOSE: TO FUND THE CHARITABLE PURPOSES OF THE ORGANIZATION | $500 |
ST MARY'S RICHARD TUFENKIAN PURPOSE: TO FUND THE CHARITABLE PURPOSES OF THE ORGANIZATION | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Garni Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Galadjian Family Foundation La Canada, CA PURPOSE: TO SUPPORT LOCAL COMMUNITY AND CONCERNED CITIZENS TO DONATE NEEDED GOODS TO THE TROOPS, HOMELESS, ORPHANS, AND ELDERLY IN ARMENIA | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asia Foundation San Francisco, CA | $76,412,898 | $96,548,436 |
Thousand Currents San Francisco, CA | $18,209,575 | $15,204,408 |
Medical Teams International Tigard, OR | $43,129,775 | $57,004,022 |
Living Goods Oakland, CA | $25,335,492 | $27,387,443 |
Transfair Usa Oakland, CA | $19,057,567 | $24,006,067 |
Hope Worldwide Ltd San Diego, CA | $8,639,959 | $19,582,305 |
World Emergency Relief San Dimas, CA | $1,123,706 | $17,740,144 |
Rippleworks Inc Redwood City, CA | $1,127,548,161 | $34,942,704 |
Project Concern International San Diego, CA | $10,331,948 | $12,210,235 |
Muso Inc San Francisco, CA | $26,014,068 | $28,737,104 |
Surgical Eye Expeditions International Inc Santa Barbara, CA | $14,555,876 | $8,599,014 |
Volunteers For Interamerican Development Assistance Berkeley, CA | $167,273 | $11,297,919 |