Aragats Foundation Inc
- Assets
- $159.6k
- Revenue
- $77.8k
- Investments
- $152.2k
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 04/2015
- Data as of
- 12/2021
- 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 12/2021, Aragats Foundation Inc generated $77.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $125.8k during the year ending 12/2021. 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
2021
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 |
|---|---|---|---|
Lori Khatchadourian Director And Treasurer | 4 | $0 | |
Adam T Smith Director And Chairperson | 4 | $0 | |
Elen Aghekyan Director And Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,671 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,253 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,852 |
| Capital Gain Net Income | $13,852 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,776 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,256 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $63,595 |
| Total operating and administrative expenses | $123,871 |
| Contributions, gifts, grants paid | $1,966 |
| Total expenses and disbursements | $125,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,865 |
| Savings and temporary cash investments | $548 |
| 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 | $159,639 |
| 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 Recieved
Over the last fiscal year, we have identified 1 grants that Aragats Foundation Inc has recieved totaling $59,720.
| Awarding Organization | Amount |
|---|---|
Armenian General Benevolent Union New York, NY PURPOSE: CULTURAL | $59,720 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Epoch Times Association Inc New York, NY | $35,086,092 | $121,545,102 |
The American Ireland Fund Boston, MA | $28,715,910 | $22,675,949 |
Japan Society Inc New York, NY | $91,776,832 | $10,515,982 |
Kutztown University Foundation Kutztown, PA | $74,779,996 | $14,561,087 |
French Institute-Alliance Francaise New York, NY | $24,965,114 | $8,095,199 |
Center For Jewish History Inc New York, NY | $52,466,984 | $9,804,079 |
Japanese Childrens Society Inc Englewood Cliffs, NJ | $6,760,346 | $7,633,011 |
National Yiddish Book Center Inc Amherst, MA | $63,979,400 | $12,290,218 |
Hispanic Society Of America New York, NY | $100,790,486 | $5,124,176 |
Columbus Citizens Foundation Inc New York, NY | $32,932,983 | $6,043,809 |
Swiss Institute New York, NY | $5,483,468 | $4,486,430 |
Greater Philadelphia Falun Dafa Association Philadelphia, PA | $1,063,316 | $4,579,656 |