Nora Tertzag Hampar Charitable Trust
- Assets
- $13.7m
- Revenue
- $4.6m
- Investments
- $9.4m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- Data as of
- 12/2022
- EIN
- 87-2124625
Organization Overview
Nora Tertzag Hampar Charitable Trust is located in Beverly Hills, CA. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nora Tertzag Hampar Charitable Trust 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, Nora Tertzag Hampar Charitable Trust generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (33.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Nora Tertzag Hampar Charitable Trust has awarded 23 individual grants totaling $820,000. 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 |
|---|---|---|---|
Gerald Baker Co-Trustee | 2 | $40,600 | |
Gary W Hampar Co-Trustee | 2 | $40,600 | |
Gary R Phillips Co-Trustee | 2 | $40,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,941,697 |
| Interest on Savings | $44,157 |
| Dividends & Interest | $299,093 |
| Net Rental Income | $108,119 |
| Net Gain on Sale of Assets | $8,160 |
| Capital Gain Net Income | $8,160 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,623,587 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $121,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37,603 |
| Depreciation | $59,819 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $163,033 |
| Total operating and administrative expenses | $463,469 |
| Contributions, gifts, grants paid | $645,000 |
| Total expenses and disbursements | $1,108,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $723,291 |
| 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 | $3,583,133 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,604,393 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,734,238 |
| Accounts payable and accrued expenses | $50,000 |
| 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 | $50,000 |
Grants Awarded
Over the last fiscal year, Nora Tertzag Hampar Charitable Trust has awarded $645,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN UNIVERSITY OF ARMENIA CORPORATION PURPOSE: ENDOWMENT SCHOLARSHIP | $35,000 |
ARARAT HOME OF LOS ANGELES INC PURPOSE: GENERAL OPERATIONS | $25,000 |
ARMENIAN EYE CARE PROJECT PURPOSE: GENERAL OPERATIONS | $25,000 |
ARMENIAN MISSIONARY ASSOCIATION OF AMERICA INC PURPOSE: AMAA MEDICAL MISSION IN ARMENIA | $20,000 |
CAMP AREV-ARMENIAN EVANGELICAL UNION OF NORTH AMERICA PURPOSE: CAMP AREV BUILDING FUND | $75,000 |
YOUNG LIFE ARMENIA PURPOSE: CAMP SCHOLARSHIPS | $125,000 |