Armenian Philharmonic Orchestra Foundation
- Assets
- $200.2k
- Revenue
- $301.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Burbank, CA
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 46-2464494
Organization Overview
Armenian Philharmonic Orchestra Foundation is located in Burbank, CA. The organization was established in 2013. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, 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. Armenian Philharmonic Orchestra 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, Armenian Philharmonic Orchestra Foundation generated $301.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 66.3% each year . All expenses for the organization totaled $101.7k during the year ending 12/2021. While expenses have increased by 40.9% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THIS CORPORATION IS A NONPROFIT BENEFIT CORPORATION AND IS NOT ORGANIZED FOR THE PRIVATE GAIN OF ANY PERSON. IT IS ORGANIZED UNDER THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW FOR PUBLIC AND CHARITABLE PURPOSES.THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO PRESENT TO THE WORLD THE RICH MUSICAL HERITAGE OF THE ARMENIAN PHILHARMONIC ORCHESTRA, TO SUPPORT THE DAY-TO-DAY ACTIVITIES OT THE ARMENIAN PHILHARMONIC ORCHESTRA, TO PROVIDE YOUTH MENTORSHIP AND TRAINING PROGRAMS FOR FUTURE GENERATIONS OF MUSICIANS, AND TO LAUNCH LONG-TERM PUBLIC RELATIONS AND FUNDRAISING CAMPAINGS TO FINANCE ALL OBJECTIVES ABOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS CORPORATION IS A NON-PROFIT BENEFIT CORPORATION AND IS NOT ORGANIZED FOR THE PRIVATE GAIN OF ANY PERSON. IT IS ORGANIZED UNDER THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW FOR PUBLIC AND CHARITALBE PURPOSES.THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO PRESENT TO THE WORLD THE RICH MUSICAL HERITAGE OF THE ARMENIAN PHILHARMONIC ORCHESTRA, TO SUPPORT THE DAY-TO-DAY ACTIVITIES OF THE ARMENIAN PHILHARMONIC ORCHESTRA, TO PROVIDE YOUTH MENTORSHIP AND TRAINING PROGRAMS FOR FUTURE GENERATIONS OF MUSICIANS, AND TO LAUNCH LONG-TERM PUBLIC RELATIONS AND FUNDRAISING COMPAIGNS TO FINANCH ALL OBJECTIVES ABOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Haig S Bagerdjian CEO | Officer | 0 | $0 |
Neal Cannon CFO | Officer | 0 | $0 |
Varand Gourjian Secretary | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $301,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $301,800 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $101,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $101,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,168 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $200,168 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $200,168 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $200,168 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Symphony San Francisco, CA | $429,119,299 | $66,425,902 |
San Diego Symphony Orchestra Association San Diego, CA | $168,111,113 | $56,683,795 |
Oregon Symphony Association Portland, OR | $27,740,551 | $13,773,397 |
Pacific Symphony Irvine, CA | $52,133,763 | $17,603,170 |
San Diego Symphony Foundation San Diego, CA | $121,018,561 | $925,945 |
Philharmonia Baroque Orchestra & Chorale San Francisco, CA | $8,005,058 | $4,824,687 |
Santa Rosa Symphony Association Santa Rosa, CA | $23,001,628 | $6,302,463 |
Tucson Symphony Society Tucson, AZ | $15,428,177 | $6,501,284 |
Phoenix Symphony Association Phoenix, AZ | $1,368,252 | $4,890,998 |
Pasadena Symphony Association Pasadena, CA | $11,596,205 | $5,563,647 |
Santa Barbara Symphony Orchestra Association Santa Barbara, CA | $1,028,763 | $2,763,199 |
The Los Angeles Chamber Orchestra Society Inc Los Angeles, CA | $5,194,806 | $3,490,076 |