My Step Foundation Inc
- Assets
- $119.7k
- Revenue
- $300.8k
- Investments
- $0.0
- Employees
- 0
- Location
- North Hollywood, CA
- Founding
- 10/2019
- Data as of
- 12/2021
- EIN
- 83-3770334
Organization Overview
My Step Foundation Inc is located in North Hollywood, CA. The organization was established in 2019. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. My Step 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, My Step Foundation Inc generated $300.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (58.4%) each year. All expenses for the organization totaled $309.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (49.8%) per year over the past 3 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOCUS ON THE ARMENIAN COMMUNITY OF LOS ANGELES, TO SUPPORT THE MISSION OF THE ORGANIZATION OF CREATING A HEALTHY AND INCLUSIVE SOCIETY IN THE REPUBLIC OF ARMENIA AND CULTIVATE RELATIONSHIPS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECTS TARGETED AT THE SUSTAINABLE DEVELOPMENT OF ARMENIA, INCLUDING POVERTY REDUCTION, DEVELOPMENT OF COMMUNITY LIFE THROUGH THE REVIVAL OF CULTURAL CENTERS, PROMOTING HEALTHY LIFESTYLE IN PUBLIC SCHOOLS, CHANGING CONSUMER BEHAVIOR RELATED TO PLASTIC USE AND CREATING SUSTAINABILITY MODELS FOR THE DEVELOPMENT OF CLASSICAL MUSIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margrit Shahnazarian Secretary | OfficerTrustee | 2 | $0 |
Araksi Simidyan Treasurer/cfo | OfficerTrustee | 2 | $0 |
Peter Hosharian Vice President | OfficerTrustee | 2 | $0 |
Lilit Grigoryan Director | Trustee | 2 | $0 |
Milena Melkonyan Director | Trustee | 2 | $0 |
Aneta Badalian Director | Trustee | 2 | $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 | $300,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,000 |
| Total Program Service Revenue | $0 |
| Investment income | $844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $300,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $300,000 |
| 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 | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $388 |
| Advertising and promotion | $0 |
| Office expenses | $40 |
| 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 | $309,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,737 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $119,737 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $119,737 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $119,737 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that My Step Foundation Inc has recieved totaling $2,550,000.
| Awarding Organization | Amount |
|---|---|
Pagoumian Fam Charitable Tr Sunny Isles Beach, FL PURPOSE: GENERAL FUND | $2,175,000 |
The Ucla Foundation Los Angeles, CA PURPOSE: GENERAL SUPPORT | $300,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nu Generation Foundation Inc Las Vegas, NV | $1,453,025,700 | $18,700,340 |
Edify San Diego, CA | $6,623,463 | $8,851,742 |
Ploughshares Fund Inc San Francisco, CA | $34,653,491 | $6,615,677 |
American Himalayan Foundation San Francisco, CA | $21,794,459 | $4,216,875 |
Ramakrishna Foundation Arcadia, CA | $1,047,373 | $3,548,174 |
Wcg Cares Carlsbad, CA | $2,144,515 | $2,918,913 |
Sustainable Sciences Institute San Francisco, CA | $1,202,077 | $2,730,574 |
Sai Global Mission Santa Clara, CA | $862,055 | $2,360,918 |
Eternal Charitable Foundation Las Vegas, NV | $228,724 | $1,904,759 |
Chances For Children Scottsdale, AZ | $1,995,339 | $2,204,866 |
Mercy Beyond Borders Santa Clara, CA | $1,165,740 | $1,401,592 |
Sitare Foundation Palo Alto, CA | $29,674,432 | $2,923,884 |