Kasper And Siroon Hovannisian Family Cultural Foundation
- Assets
- $481.8k
- Revenue
- $112.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 77-0558956
Organization Overview
Kasper And Siroon Hovannisian Family Cultural Foundation is located in Sherman Oaks, CA. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kasper And Siroon Hovannisian Family Cultural 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 06/2022, Kasper And Siroon Hovannisian Family Cultural Foundation generated $112.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (42.8%) each year. All expenses for the organization totaled $3.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kasper And Siroon Hovannisian Family Cultural Foundation has awarded 59 individual grants totaling $203,205. 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 |
|---|---|---|---|
John Hovannisian President & CEO | 1 | $0 | |
Armen Hovannisian Treasurer | 1 | $0 | |
Dr Richard Hovannisian Secretary | 1 | $0 | |
Vernon Hovannisian CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $112 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $39 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3 |
| Total operating and administrative expenses | $992 |
| Contributions, gifts, grants paid | $2,050 |
| Total expenses and disbursements | $3,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $439,548 |
| 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 | $42,298 |
| Total assets | $481,846 |
| 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, Kasper And Siroon Hovannisian Family Cultural Foundation has awarded $2,050 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ARMENIAN MUSEUM OF FRESNO PURPOSE: EDUCATION OF CUTURAL DIVERSITY THROUGH ARTS | $1,000 |
ARMENIAN TREE PROJECT PURPOSE: PROTECTION OF GLOBAL ENVIRONMENT THROUGH REFORESTATION | $250 |
HOMENETMEN WESTERN US PURPOSE: SPORTS & YOUTH SUPPORT SERVICES | $200 |
HOLY MARTYRS SCHOOL PURPOSE: THE SCHOOL SHARES THE RELIGIOUS AND CULTURAL VALUES CHERISHED BY THE ARMENIAN APOSTOLIC CHURCH OF NORTH AMERICA. | $200 |
ST MARY'S TUFENKIAN PRESCHOOL PURPOSE: EDUCATIONAL SUPPORT & SERVICES | $200 |
ORG OF ISTANBUL ARMENIANS SCHOLARSH PURPOSE: STUDENT/EDUCATION SUPPORT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Snap Foundation Santa Monica, CA | $165,494,601 | $537,573 |
John Pritzker Family Fund Redwood City, CA | $7,615,053 | $13,500,772 |
Newton And Rochelle Beckercharitable Trust Larkspur, CA | $179,394,273 | $14,820,252 |
Katie Mcgrath & J J Abrams Family Foundation Encino, CA | $5,090,305 | $12,922,680 |
Chuck Lorre Family Foundation Los Angeles, CA | $141,428,582 | $34,550,743 |
San Francisco Pretrial Diversion Project San Francisco, CA | $1,963,286 | $8,653,584 |
Elizabeth R & William J Patterson Foundation San Anselmo, CA | $0 | $2,038,322 |
Quest Foundation Danville, CA | $120,069,342 | $12,892,793 |
S Mark Taper Foundation Los Angeles, CA | $110,679,604 | $17,411,120 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
William S And Nancy E Thompson Foundation Newport Beach, CA | $84,169,133 | $9,975,811 |
The Lakeview Foundation Greenbrae, CA | $2,321,091 | $1,301,410 |