Jerair Nishanian Foundation Inc
- Assets
- $1.9m
- Revenue
- $176.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Vienna, VA
- Founding
- 05/1994
- Data as of
- 12/2023
- EIN
- 52-1850486
Organization Overview
Jerair Nishanian Foundation Inc is located in Vienna, VA. The organization was established in 1994. 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. Jerair Nishanian 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, Jerair Nishanian Foundation Inc generated $176.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $87.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jerair Nishanian Foundation Inc has awarded 45 individual grants totaling $866,337. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND FOR AMERICAN RELIEF
ST. MARY'S ARMENIAN CHURCH
SOORP KHATCH ARMENIAN CHURCH
DIOCESE ARMENIAN CHURCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anahid A Nishanian Dir / Sec | 0 | $0 | |
Tagvor Nishanian Pres/treasur | 0 | $0 | |
Archbishop V Aykazian Director | 0 | $2,000 | |
Anahid Kalayjian Director | 0 | $2,000 | |
Zaven Kalayjian Director | 0 | $2,000 | |
V Rick Nishanian Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $95,000 |
| Interest on Savings | $996 |
| Dividends & Interest | $79,985 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$56 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $182 |
| Total Revenue | $176,107 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,469 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,353 |
| Printing and publications | $0 |
| Other expenses | $68 |
| Total operating and administrative expenses | $10,090 |
| Contributions, gifts, grants paid | $76,924 |
| Total expenses and disbursements | $87,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,918,232 |
| 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 | $1,918,232 |
| 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, Jerair Nishanian Foundation Inc has awarded $76,924 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FUND FOR ARMENIAN RELIEF PURPOSE: FUNDS SCHOLARSHIPS, STIPENDS, MGT | $61,424 |
ST MARYS ARMENIAN CHURCH PURPOSE: FUNDS FOR ARMENIAN CHURCH ACTIVITIES | $5,250 |
SOORP KHATCH ARMENIAN CHURCH PURPOSE: DONATION & CONTRIBUTION | $5,250 |
DIOCESE ARMENIAN CHURCH PURPOSE: FUNDS FOR ARMENIAN CHURCH ACTIVITIES | $5,000 |