Ararat Youth Center Endowment Tr
- Assets
- $982.2k
- Revenue
- $21.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/2018
- Data as of
- 11/2022
- EIN
- 82-6494085
Organization Overview
Ararat Youth Center Endowment Tr is located in Los Angeles, CA. The organization was established in 2018. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ararat Youth Center Endowment Tr 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 11/2022, Ararat Youth Center Endowment Tr generated $21.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (46.9%) each year. All expenses for the organization totaled $7.3k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS TRUST IS TO SERVE AS A TYPE III SUPPORT ORGANIZATION AS DESCRIBED IN SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE") WITH RESPECT TO THE HOMENETMEN GLENDALE "ARARAT" CHAPTER OF HOMENETMEN (ARMENIAN GENERAL ATHLETIC UNION), WHICH IS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3), AND WHICH IS NOT A PRIVATE FOUNDATION BECAUSE IT IS AN ORGANIZATION DESCRIBED IN SECTION 170(B)(1)(A)(VI).
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF THE SUPPORTED ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roobina Arshakian Trustee | Trustee | 15 | $0 |
Harmik Sarian Treasurer | Trustee | 15 | $0 |
Saro Kemichian Trustee | Trustee | 15 | $0 |
Talin Mardirossian Trustee | Trustee | 15 | $0 |
Hagop Tufenkjian Trustee | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $176 |
| Noncash contributions included in lines 1a–1f | $176 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176 |
| Total Program Service Revenue | $0 |
| Investment income | $13,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,839 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,013 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $679,239 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $302,962 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $982,201 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $350,000 |
| Total liabilities | $350,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $632,201 |
| Total liabilities and net assets/fund balances | $982,201 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ararat Youth Center Endowment Tr has recieved totaling $80.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $80 |
Endowment Analysis
| Beg. Balance | $674,723 |
| Earnings | -$35,435 |
| Admin Expense | $6,263 |
| Net Contributions | $176 |
| Other Expense | $1,000 |
| Ending Balance | $632,201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Andre Agassi Foundation For Education Las Vegas, NV | $0 | $4,556,669 |
Give Foundation Inc San Ramon, CA | $1,969,969 | $6,365,331 |
Humangood Foundation West Duarte, CA | $80,965,021 | $8,515,405 |
Southeastern Arizona Community Action Program Inc Safford, AZ | $455,386 | $2,811,093 |
Leoa Foundation Loomis, CA | $6,988 | $2,417,315 |
Stater Bros Charities San Bernardino, CA | $4,078,783 | $4,166,835 |
Another Round Another Rally Phoenix, AZ | $1,059,733 | $1,710,638 |
Foster Family Charitable Foundation Stockton, CA | $29,209,891 | $2,797,877 |
Southern Oregon Friends Of Hospice Medford, OR | $5,540,085 | $3,156,686 |
Phoenix Suns Charities Inc Phoenix, AZ | $1,755,436 | $2,395,370 |
Anderson Childrens Foundation Palm Springs, CA | $0 | $1,560,635 |
The Arc Foundation Of Ventura County Inc Ventura, CA | $21,834,974 | $1,854,879 |