The Vahik And Alice@petrossian Foundation is located in Glendale, CA. The organization was established in 2017. 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. Vahik And Alice@petrossian 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, Vahik And Alice@petrossian Foundation generated $247.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $112.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Vahik And Alice@petrossian Foundation has awarded 102 individual grants totaling $477,928. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Vahak Petrossian President | 5 | $0 | |
Alice Petrossian Vice President | 5 | $0 | |
Chris Petrossian Trustee | 1 | $0 | |
Shant Petrossian Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $216,160 |
Interest on Savings | $0 |
Dividends & Interest | $8,815 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $22,165 |
Capital Gain Net Income | $22,165 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $247,140 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $1,295 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $11,267 |
Printing and publications | $0 |
Other expenses | $119 |
Total operating and administrative expenses | $14,131 |
Contributions, gifts, grants paid | $97,853 |
Total expenses and disbursements | $111,984 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,676 |
Savings and temporary cash investments | $0 |
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 | $107,349 |
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 |
Over the last fiscal year, The Vahik And Alice@petrossian Foundation has awarded $97,853 in support to 20 organizations.
Grant Recipient | Amount |
---|---|
TUFENKIAN PRESCHOOL PURPOSE: SOCIAL SERVICES | $1,250 |
ARMENIAN EDUCATION FOUNDATION PURPOSE: SOCIAL SERVICES | $1,850 |
ARMENIA MEDIA NETWORK PURPOSE: SOCIAL SERVICES | $2,450 |
AMERICAN ARMENIAN MEDICAL SOCIETY PURPOSE: SOCIAL SERVICES | $200 |
HOMENETMEN GLENDALE CHAPTER PURPOSE: SOCIAL SERVICES | $250 |
ARMENIAN WOUNDED HEROES FUND PURPOSE: SOCIAL SERVICES | $71,700 |