Zaruhy Sara Chitjian Charitable Foundation
- Assets
- $4.2m
- Revenue
- $149.2k
- Investments
- $3.8m
- Employees
- 0
- Location
- Tarzana, CA
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 47-1008931
Organization Overview
Zaruhy Sara Chitjian Charitable Foundation is located in Tarzana, CA. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Zaruhy Sara Chitjian Charitable 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 12/2022, Zaruhy Sara Chitjian Charitable Foundation generated $149.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $28.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (30.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Zaruhy Sara Chitjian Charitable Foundation has awarded 24 individual grants totaling $3,208,228. 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 |
|---|---|---|---|
Kristine Olshansky President/ceo | 1 | $0 | |
Nancy A Shaw Secretary/treasurer/cfo | 1 | $0 | |
Arpie Mazloumian Director | 1 | $0 | |
Astghik L Mazloumian Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $99,362 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,872 |
| Capital Gain Net Income | $49,872 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $149,234 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,306 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $28,577 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $28,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,482 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,920 |
| 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 | $3,826,292 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,330 |
| Total assets | $4,159,024 |
| Accounts payable and accrued expenses | $9,175 |
| 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 | $43 |
| Total liabilities | $9,218 |
Grants Awarded
Over the last fiscal year, Zaruhy Sara Chitjian Charitable Foundation has awarded $778,104 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DORNSIFE COLLEGE OF LETTERS ARTS & SCIENCES PURPOSE: GENERAL SUPPORT | $756,885 |
AMERICAN UNIVERSITY OF ARMENIA CORPORATION PURPOSE: GENERAL SUPPORT | $21,219 |