Aragats Foundation Inc
- Assets
- $219.6k
- Revenue
- $67.7k
- Investments
- $162.7k
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-1254570
Organization Overview
Aragats Foundation Inc is located in Ithaca, NY. The organization was established in 2015. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, 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. Aragats 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 12/2023, Aragats Foundation Inc generated $67.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $48.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARCHAEOLOGICAL PRESERVATION IN THE MOUNT ARAGATS REGION THROUGH GRANTS TO THE ARAGATS CULTURAL HERITAGE FOUNDATION/PURDUE UNIVERSITY, DIRECT RESEARCH EXPENSES TIED TO THE CAUCASUS HERITAGE WATCH, AND CONSULTING FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam T Smith Director And Chairperson | 4 | $0 | |
Lori Khatchadourian Director And Treasurer | 4 | $0 | |
Elen Aghekyan Director And Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,883 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,248 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,339 |
| Capital Gain Net Income | $2,339 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $207 |
| Total Revenue | $67,677 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,974 |
| Total operating and administrative expenses | $27,974 |
| Contributions, gifts, grants paid | $20,800 |
| Total expenses and disbursements | $48,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,374 |
| Savings and temporary cash investments | $585 |
| 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 | $219,615 |
| 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 |