Gaska Alliance Foundation
- Assets
- $5.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Glendale, CA
- Founding
- 06/2012
- Data as of
- 12/2023
- EIN
- 45-4282236
Organization Overview
Gaska Alliance Foundation is located in Glendale, CA. The organization was established in 2012. 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. Gaska Alliance 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 12/2023, Gaska Alliance Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 33.7% each year . All expenses for the organization totaled $78.6k during the year ending 12/2023. While expenses have increased by 15.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gaska Alliance Foundation has awarded 55 individual grants totaling $1,535,500. 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 |
|---|---|---|---|
Aida Galstian Norhadian President | 3 | $0 | |
Seda Galstian Aghaian Chief Financial Officer | 3 | $0 | |
Annette D Galstian Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,850,000 |
| Interest on Savings | $134,227 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$36,689 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $70 |
| Total Revenue | $1,947,608 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $261 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $132 |
| Total operating and administrative expenses | $3,143 |
| Contributions, gifts, grants paid | $75,500 |
| Total expenses and disbursements | $78,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,322,000 |
| Savings and temporary cash investments | $3,951,848 |
| 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 | $5,273,848 |
| 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, Gaska Alliance Foundation has awarded $75,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ARMENIAN AMERICAN MUSEUM AND CULTURAL CENTER OF CALIFORNIA PURPOSE: FOR ASSISTANCE WITH THE ESTABLISHMENT OF A MUSEUM AND CULTURAL CENTER TO PROMOTE UNDERSTANDING AND APPRECIATION OF AMERICA'S ETHNIC AND CULTURAL DIVERSITY BY SHARING THE ARMENIAN AMERICAN EXPERIENCE | $50,000 |
ARMENIAN YOUTH ASSOCIATION OF CALIFORNIA PURPOSE: FOR ASSISTANCE WITH TEACHING THE HISTORY AND CULTURE OF THE ARMENIAN PEOPLE AND ENCOURAGING THE YOUTH TO PARTICIPATE IN EDUCATIONAL, CULTURAL, ATHLETIC, SOCIAL AND CHARITABLE ACTIVITIES | $5,000 |
ARMENIAN RELIEF SOCIETY WESTERN REGION (SEPAN CHAPTER) PURPOSE: FOR ASSISTANCE WITH EDUCATIONAL, SOCIAL SERVICES, FAMILY SERVICES, CULTURAL AND HUMANITARIAN AID WITHIN THE COMMUNITY | $5,000 |
HOMENETMEN (GLENDALE ARARAT CHAPTER) PURPOSE: FOR ASSISTANCE TO YOUTH WITHIN THE COMMUNITY | $10,500 |
ST MARY'S ARMENIAN APOSTOLIC CHURCH AND SCHOOL PURPOSE: FOR ASSISTANCE WITH PRESERVING AND FOSTERING THE FAITH, HERITAGE, TRADITIONS, AND CULTURE, AND RELIGIOUS AND NATIONAL VALUES OF THE ARMENIAN APOSTOLIC CHURCH | $5,000 |